Posts by tag: International

Archives April 20, 2013 posted by

The battle for Burma

Last month, as the anti-Muslim violence in Burma spread from Rakhine state in western Burma to the central Burmese city of Meiktila, Aung San Suu Kyi sat among the generals on the reviewing stand as the Burmese army marched past on Armed Forces Day. She is seen as a saint by many people – but she didn’t say anything about Meiktila, where just days before at least 40 people were killed and 12,000 made homeless.

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Archives April 19, 2013 posted by

Police officer shot to death at MIT campus near Boston

A POLICE officer for the Massachusetts Institute of Technology was shot to death on Thursday night at the school’s Cambridge campus, touching off a manhunt in a community on edge just days after the Boston Marathon bombing.
Police descended on a vehicle in the neighbouring Watertown community later in the evening amid reports of gunfire and explosions, the ABC TV station in Boston reported. One suspect was in police custody, local media reported.
Reuters was not immediately able to verify the reports.
Police officers with weapons drawn, and people wearing FBI and ATF jackets could be seen in the live video.

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Archives April 19, 2013 posted by

FBI releases photos of two Boston bomb suspects

Investigators released pictures and video of two suspects in the Boston Marathon bombing yesterday, enlisting the public’s help in identifying two men wearing backpacks and baseball caps in the crowd minutes before bombs exploded near the finish line.
A 30-second video shows the men known only as Suspect 1 and Suspect 2 walking single file a few paces apart along Boylston Street in central Boston. One wears a dark baseball cap and sunglasses. The other has a white baseball cap turned backwards.
The time stamp is 2:37 p.m., roughly 13 minutes before two bombs backed with nails and ball bearings tore through the crowd, killing three people and wounding 176 including at least 10 who suffered amputations.

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Archives April 19, 2013 posted by

NEW: Police officer shot to death at MIT campus near Boston

A POLICE officer for the Massachusetts Institute of Technology was shot to death on Thursday night at the school’s Cambridge campus, touching off a manhunt in a community on edge just days after the Boston Marathon bombing.
Police descended on a vehicle in the neighbouring Watertown community later in the evening amid reports of gunfire and explosions, the ABC TV station in Boston reported. One suspect was in police custody, local media reported.
Reuters was not immediately able to verify the reports.
Police officers with weapons drawn, and people wearing FBI and ATF jackets could be seen in the live video.

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Archives April 19, 2013 posted by

Inquiry into economic debacle kicks off

AN investigative commission appointed by the government to look into how the country was led to the brink of financial ruin kicked off its public hearings this morning.

The hearing started at 9.30am with finance ministry permanent secretary Christos Patsalides being the first to testify.

The commission is made up of former Supreme Court judges Giorgos Pikis and Panayiotis Kallis and active Supreme Court judge Andreas Kramvis.

Kramvis will retire next month.

The inquiry will cover the period between 2006 and March 2013.

The commission is assisted by a group of experts.

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Archives April 18, 2013 posted by

AEL and Apollon meet in Cup final after 26 years

AEL coach Jorge Costa was delighted with his team’s 1-0 win over Omonia in the second leg of the Cyprus Coca-Cola Cup semi-final on Wednesday afternoon which helped the Limassol outfit reach their 15th national cup final with a 1-0 aggregate win, after a goalless stalemate in Nicosia last week.

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Archives April 18, 2013 posted by

German parliament approves Cyprus bailout

Germany‘s lower house of parliament voted overwhelmingly on Thursday in favour of a bailout for Cyprus.

Of the 602 lawmakers in the Bundestag who voted on the €10 billion rescue, 487 backed it, while 102 opposed it and 13 abstained.

Earlier, Finance Minister Wolfgang Schaeuble urged German lawmakers to approve the bailout, warning that Cyprus posed a systemic risk.

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Archives April 17, 2013 posted by

Our View: CBC Governor has shown he cannot be trusted to take the right decisions

THE PRESIDENT of the European Central Bank Mario Draghi was quick to come to the defence of Cyprus’ Central Bank Governor Panicos Demetriades. In a letter sent to President Nicos Anastasiades, Draghi warned that the Governor could only be dismissed on the grounds specified by EU law and even then the action would have to be reviewed by the EU’s court of justice.  

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Archives April 16, 2013 posted by

Depositors could lose as much as €8 billion

 

LARGE depositors who kept their money in the two biggest Cypriot banks stand to lose up to €8.3 billion through the restructuring of the two institutions, a European Commission document showed.

It is part of an estimated total €10.6 billion contribution from investors for restructuring the Cypriot banking sector, which also includes wiping out shareholders and bondholders in Laiki, or Popular, Bank as well as imposing losses on junior bondholders in the Bank of Cyprus and a deposit-for-equity swap.

Cyprus will close Laiki, its second biggest bank, and restructure its biggest, Bank of Cyprus, in return for an international loan of €10 billion over three years, without which the country would be unable to pay its debts.

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