A West Ham United fan is in critical condition after falling from a moving vehicle on the Paphos-Limassol highway, with police arresting the driver who tested positive for cocaine. The 38-year-old Briton, who arrived in Cyprus to watch his team play against AEK Larnaca in the Europa Conference League on Thursday, was on board a
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Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that it will likely raise interest rates more than expected amid strong economic data and that it is prepared to move more aggressively if the “totality” of fresh reports suggests stronger measures are needed to tame inflation. In a hearing before the Senate Banking Committee, Powell
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The parents of young female basketball players are fuming with the Cyprus Basketball Federation, accusing them of institutional sexism over their decision not to promote girls’ national teams. According to a petition on social media, the basketball federation (CBF) has excluded the national U16 girls’ team from international competition, claiming there is not enough money
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The new government has placed shipping among its priorities to enhance its maritime administration further, provide the ground for sustainable growth and help the industry’s green and digital transition. In her maiden speech as Shipping Deputy Minister, Marina Hadjimanoli told delegates at the sixth Annual Capital Link Cyprus Shipping Forum: “Cyprus is supporting the industry
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Greece’s Eurobank is reportedly edging towards a takeover of Hellenic Bank as it prepares to increase its stake in the island’s second-largest lender past 30%. Once it reaches the 30% benchmark, according to the law on acquisitions, Eurobank must make a public offer to take over Hellenic. Market analysts expect the move after Eurobank recently
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Cypriots have yet to feel the drop in inflation pressures, as households continue to spend more money every month for food, as the cost of living still bites. At the same time, consumers are being hit by increased mortgage interest rates. Inflation in February retreated to 6.7%, compared to 7.1% in January but still historically
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President Nikos Christodoulides said his government would upgrade the General Healthcare System (GHS) with the changes that need to be made to improve service. He visited Limassol General Hospital on Tuesday, accompanied by Minister of Health Popi Kanari, to listen to staff and patients about their problems. Christodoulides told hospital staff that he recognises their important
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By Craig Erlam It’s shaping up to be another relatively flat day in the markets as investors turn their attention to Capitol Hill ahead of Jerome Powell’s first testimony. The Fed Chair will appear before the Senate Banking Committee later Tuesday to testify on the semi-annual monetary policy report. These events naturally attract a lot
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Police have stepped up protection measures for popular politician House Speaker Annita Demetriou following information that she and the lives of her family may be at risk. In comments to the Financial Mirror, Police spokesperson Christos Andreou confirmed that the force had taken additional measures to protect the island’s most senior MP after evaluating information
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Hate speech against various groups remains widespread in Cypriot public discourse, a European Commission against Racism and Intolerance (ECRI) report on Cyprus said. “There is no comprehensive system in place to monitor hate speech incidents,” the report said. The Commission, established by the Council of Europe, is an independent human rights monitoring body to fight
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