U.S. President Barack Obama and top national security officials urged Congress on Tuesday to keep the pressure on Syria over its chemical weapons arsenal while the United States explores a diplomatic alternative to military strikes. A potential diplomatic breakthrough put the brakes on a vote in Congress over authorizing military force as lawmakers and the
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U.S. authorities are looking to seize luxury apartments and other property they say Russian companies used to launder proceeds from a $230 million tax fraud. The scheme was uncovered by Sergei Magnitsky, a lawyer who died in a Russian jail, U.S. prosecutors said in a civil complaint filed in New York on Tuesday. According to
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Germany's Thomas Bach was elected president of the International Olympic Committee (IOC) on Tuesday, succeeding Belgian Jacques Rogge and maintaining a European stranglehold on the most powerful position in world sport. Bach, 59, the first Olympic champion to head the IOC, is the ninth president only in the body's 119-year history and the eighth European
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Of the 49 names contesting the new Bank of Cyprus board seats, the following 16 were elected by shareholders present and proxies, only one of whom was from the interim board, while six represent Russian interests: Anshakova Anjelica (proposed by Scordis, Papapetrou & Co.); Chichikashvili Dmitry (Scordis, Papapetrou & Co Holdings); Gialelis Marinos (Evdokimos Xenophontos);
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The European Parliament and the European Central Bank have resolved a dispute over the new financial supervisor, paving the way for EU lawmakers to sign off on new rules allowing the ECB to supervise banks next year. Earlier, lawmakers warned that they could delay their approval for granting the ECB the power to police euro
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The Snapchat app popularized the concept of sending photos and videos that self-destruct in minutes and new apps do the same for posts on social media sites like Facebook and Twitter. Smartphones and mobile apps have made sharing photos faster and easier than ever, but privacy has become a growing concern. Designers have created new
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Ten bi-communal business partnerships were awarded here today the Stelios Award for Business Cooperation in Cyprus at a ceremony organized by the Stelios Philanthropic Foundation at the Chateau Status in Nicosia’s buffer zone. Each team comprising at least one Greek-Cypriot and one Turkish-Cypriot entrepreneur working together for the benefit of the island – received by
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Discussions on the issue of privatizations will begin soon, Deputy Government Spokesman Victoras Papadopoulos has said, adding that privatizations are part of Cyprus’ memorandum with its international lenders. In statements to the press after a meeting of the National Council for the Economy, under President of the Republic Nicos Anastasiades, Papadopoulos said that during the
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Negotiations between Cyprus and Brussels on the implementation of a European Council decision to grant Cyprus extra support so that it may deal with the economic crisis are at a final stage. EU sources in Brussels noted that the extra funding will be derived from the new Multiannual Financial Framework whilst the Commission intends to
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With the historic Bank of Cyprus shareholders’ meeting a few hours away, two of the 49 candidates seeking a board seat have withdrawn, while a major law firm has expressed its intention to use proxies representing just over 8% of the share capital to vote for local or foreign board members. The bank announced that
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