Daily Archives: November 18, 2011

Archives November 18, 2011 posted by

Woman mugged in Limassol

AN 18-YEAR-OLD Limassol resident told the police that as she was walking down the street at 7.30pm on Wednesday a man grabbed her by the neck, threw her on the ground and tried to strip her naked. 

The 18-year-old told the police that the man approached her from behind before attacking. 

The young screamed for help and managed to escape, although the attacker stole her mobile phone, which fell on the ground.

She went to Limassol General Hospital with bruises on her neck and arms. 

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Cyprus marks Athens Polytechnic uprising

STUDENTS and officials yesterday commemorated the 38th anniversary of the Athens Polytechnic uprising against the Greek junta. With the slogan “Imperialism is the enemy” student association POFEN began a march from the old hospital site, finishing at the American embassy where a concert was held.

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Five days of film

FIVE DAYS of great films are about to bring the Cine Studio in Nicosia to life as the University of Nicosia once again hosts its annual ‘Soapbox Media’ event. Kicking off this coming Monday and running through until Friday, there are a couple of very interesting screenings to choose from.

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Enjoy an evening of Beethoven

LOVERS OF classical music take note: the works of one of the most famous composers of all time should give you good reason to rejoice next week. With beautiful melodies set to bring concert halls across the island to life, it’s all part of a series by the Cyprus Symphony Orchestra dedicated to Beethoven.

Taking place under the direction of Alkis Baltas, you’ll get to listen to ‘Music for a Ballet of Knights’ (Musik zu einem Ritterballet), Symphony No. 7 in A Major and the ‘Concerto for Violin, Cello and Piano’ in C Major. Concert soloists will include Wolfgang Schroeder, principal cellist Peter Gospodinov and pianist Naoko Kariya.

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Comics not just for kids

FANS OF all things animated need not give a second thought about how to spend the day on Saturday. Just get out of bed and head straight down to old Nicosia where the Ant Comic Book Festival will be taking place. Based on the great success of last year’s event, the occasion sees all kinds of people come together in a casual and fun environment while they browse through a whole host of unusual comic books. 

Set to take place at the Stoa Papadopoulou near the popular Kala Kathoumena cafe, the event will be welcoming various local artists including Christopher Keith Malapitan (creator of the first Cyprus graphic novel The Tunnel) and Tasos Anastasiades (multiple award winner and creator of Nasia in Space).

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Vulture funds fly past Greek debt carcass

FUNDS with decades of experience calling the bottom of distressed sovereign bond markets are steering clear of Greece until policymakers realise a one-off bail in of private sector creditors will barely dent its spiralling debt woes.

In debt-crippled Greece, the funds say all holders – not just the private creditors thrashing out a deal with Athens – must swallow at least a 70 percent cut in the value of their debt to give Greece a fighting chance of returning to the capital markets.

“Our view all along has been there will be a hard restructuring in Greece…We think the best the Greeks can be expected to do is a 66 and two-thirds haircut but we see a bias towards 70 or 80 per cent,” Robert Koenigsberger, founder and CIO of $2.7 billion fund Gramercy, said.

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Greece's Samaras rules out post-election cooperation

THE leader of Greece’s conservatives, reluctant partners in a unity government, signalled yesterday his main focus was on winning an election expected in February and reversing policies prescribed under an emergency bailout.

Antonis Samaras has infuriated Greece’s EU peers over the past two years by refusing to back austerity measures aimed at averting national bankruptcy, and he said he would not cooperate with other parties after the election, slated for February 19.

His statements are further evidence of the rough road ahead of technocrat Prime Minister Lucas Papademos, a former vice president at the European Central Bank whose three-party coalition won a vote of confidence in parliament on Wednesday.

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Spanish and French borrowing costs raise contagion alarm

SPAIN and France faced sharply higher borrowing costs yesterday, struggling with bond auctions that highlighted the threat of larger eurozone economies succumbing to the debt crisis that began in Greece and is now threatening Italy.

The Spanish government was forced to pay the highest borrowing costs since 1997 at a sale of 10-year bonds, with yields a steep 1.5 points above the average paid at similar tenders this year, drawing descriptions from the market ranging from “pretty awful” to “dreadful”.

The euro fell in response.

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Video of the week: Timelapse view of earth from space

This video shows a time lapse sequence of photographs taken by the crew of expeditions 28 & 29 onboard the International Space Station from August to October, 2011.

The films editor, Michael Konig, said “All in all I tried to keep the looks of the material as original as possible, avoided adjusting the colors and the like, since in my opinion the original footage itself already has an almost surreal and aestethical visual nature.” 

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