Latest Cyprus News
Military Calls UK Attack Victim a Model Soldier
Britain 's military says the soldier brutally murdered in a suspected terrorist Regiment of Fusiliers. It says he joined the army in 2006, and was posted in Cyprus , Afghanistan and Germany before becoming a recruiter, assisting with duties
Germany Backs Terror Label for Hezbollah Militants
said in a statement Wednesday that Germany's position had changed due to new and clearer information about the Lebanese militant Shiite organization's activities and analysis provided by authorities on the Mediterranean island of Cyprus .
Correction: Cyprus -Breaking Barriers Story
barriers carving up Cyprus , The Associated Press back peace in divided Cyprus Economic crisis casts anniversary in divided Cyprus By MENELAOS HADJICOSTIS Associated Press NICOSIA , Cyprus (AP) — When the barriers carving Cyprus in half were finally breached 10 years ago, Turkish Cypriot Fethi Akinci forged what Maratheftis — the Greek Cypriot he almost killed in EU-imposed austerity, Greek Cypriots seem to have little at the University of Nicosia . "A solution is costly no other country than Turkey . "The opening of the
Gold Breaks a Losing Streak; Other Metals Rise
autumn. Its appeal as an alternative investment faded as the U.S. dollar rose. Subdued inflation and worries that Cyprus might sell some of its gold reserves to support its banks have also given traders reasons to sell gold. The price of gold
Cyprus Drops Limits on 8 More Foreign Banks
Cyprus has eliminated limits on money transfers of Beirut, France-based Banque SBA, Britain 's Barclays, Jordan's Ahli Bank and cap, still apply to domestic clients. Cyprus enacted the controls in March to prevent
Glance: Europe's Key Institutions
Following the chaotic bailout of Cyprus , top European Union officials are saying look at the key institutions involved in Europe 's economic policymaking: —EUROPEAN The 17 countries are Austria, Belgium, Cyprus , Estonia, Finland, France, Germany
Top Officials Call to Overhaul Euro Institutions
Engineering a financial bailout for Cyprus in March was such a chaotic government officials outside of Europe , but now two of the region's Portugal, Ireland, Spain and Cyprus . The "troika" arrangement up-front measures in Greece or Cyprus before granting aid negotiations, the Eurogroup and Cyprus patched together a bailout agreement that shocked markets and Cypriots . Cyprus 's banks had their
IMF Says Cyprus at Risk of Even Deeper Recession
says serious economic risks remain for Cyprus even after a big international bailout report Friday predicts a deep recession in Cyprus this year and next. The report also says is being folded into the larger Bank of Cyprus .
Gold Futures Falls for a Sixth Straight Day
almost 12 percent in the first quarter. The price of gold logged its biggest drop in 30 years April 15 on concern that Cyprus would sell some of its gold reserves to support its banks. The precious metal rebounded but is still trading at its lowest
Turkish PM Talking Syria With Obama at White House
It is also looking for Turkish help in ramping up sanctions tensions in Iraq. Both Turkey and the U.S. see an opportunity on the reunification of Cyprus , an issue that is also between Obama and Erdogan. Cyprus was split in 1974, when Turkey invaded after a coup by a union with Greece. A Turkish Cypriot declaration of independence Turkey doesn't recognize Cyprus as a sovereign country
Eurozone's Struggling Economies Mired in Recession
Wednesday's figures showed Germany, Europe 's largest economy, grew by herald a return to growth. CYPRUS Much worse is projected for Cyprus , which recently accepted a Spring economic forecast that Cyprus 's economy will shrink by 8
Cyprus to Get Its Moon Rock After 40 Years
A piece of moon rock destined for Cyprus that disappeared 40 years ago could the Mediterranean island nation. A Cyprus Foreign Ministry official said Wednesday authorities are favorably considering a Cyprus government request for the rock
A Glance at Economic Growth Across Europe
negative growth. Here is a glance at how Europe 's economies have managed. Growth rates in Gross Domestic Product across Europe (percentage change, seasonally adjusted 0.0 Belgium -0.5 -0.1 0.1 Cyprus -4.1 -1.2 -1.3 Estonia 1
ABC Digital Report: Obama, Turkish PM Discuss Support in Syria
deputy she it it is. Or Turkey and the United States I have That's coverage of the Middle East and hit the ball and essentially talked about relations between Turkey and the united sandals so income on Tuesday it is and Turkish public then Northern Cyprus and we've is. Is always reach an agreement on the Cyprus issue and is an area retreatedWhite House there. The president is -- speaking with prime minister of Turkey let's listen in. It is a great pleasure to welcome my friend prime minister -- back to the White House. This visit is also another opportunity for me to return -- extraordinary hospitality that the prime minister of the Turkish people. Showed me on my visit to Turkey for years ago. And that included my visit. The prime minister's beautiful hometown of Istanbul. This visit reflects the importance that the United States places on our relationship. We do our ally Turkey and I value. So much the partnership that I've been able to develop what prime minister who want. Today we discussed theminister's efforts to normalize relations with Israel. This will benefit both the Turkish and Israeli people can also help us make progress on -- -- state. Solution including an independent Palestinian state. Today we focused on three areas that I want to highlight. First we agreed to keep expanding trade and investment. Over the past four years are traders searched and US exports Turkey of more than doubled. As the United States pursues a new trade and investment partnership with the EU. I wanna make sure that we also keep deepening our economic ties with Turkey so -- creating a new high level committee that will focus on increasing trade. And investment between our two countries and will help fuel. Turkish innovation. And the progress that Turkey's economy has made. Over the last several years I think has been. Remarkable and prime minister deserves much credit for some of the reforms that are taking place. Second as NATO allies were re affirming our solemn commitment to our mutual security. This prime minister on behalf of the American people -- want express. Our condolences. To the Turkish people on the victims of the outrageous bombings that took place in -- problem. As always the United States stands with you as you defend your nation against terrorism. We want to thank you for the cooperation you provided us. In threats against the United States. And I -- take -- subject to commend you and the Turkish people for your perch. In seeking an historic. And peaceful resolution of the PKK violence that has plagued Turkey for so long. And just as the United States stood where you in -- -- search. For security we will support efforts in Turkey to uphold the rule of law and good governance and human rights for all. Finally we spend a great deal of time on an issue that has -- the region the issue of Syria. Under the prime minister's leadership the Turkish people have shown extraordinary generosity. To the Syrians who have found refuge in Turkey and I know this is a heavy burden. I've made it clear again today that the United States is -- to keep on helping. Countries of the region including Turkey shoulder this burden. Doing our part as a major donor of humanitarian aid to the Syrian people including those refugees in Turkey . And we're gonna keep working with our Turkish partners to deliver the food shelter and medicine that's needed to save lives. At the same time. We're going to keep increasingextremists because it's in the profound interest of all our nation's. Especially Turkey . -- organ mr. prime minister want to thank you for being here for being such a strong. Ally and partner in the
Cyprus Financial Crisis Worries Global Markets
the Mediterranean nation of Cyprus that's stocks sliding across BC's nick Sheppard is in Cyprus will worry and anger is rampant. Cyprus is nearly broke. And social haven't opened for seven days to Cyprus is becoming a cash society daughters but so many young Cypriot she lost her job so she's Picture for an ABC news Nicosia . Cyprus .the moms face. Her life and her daughters but so many young Cypriot she lost her job so she's moved back home. I'm -- -- he's going to be -- -- The show and people are -- last week. Nothing the politicians need to secure a twenty billion dollar loan to save the country. There's no bailout by Monday. These banks may never reopen. Picture for an ABC news Nicosia . Cyprus .
Digital Report: State Dept. Briefing on Benghazi Investigation
ambassador travel to the Syrian Turkey border where he met with members good meeting this morning with Cypriot foreign minister. Pass a Cyprus is a good friend and partner support for efforts to reunify Cyprus is zone bi communal federation for efforts to restore the Cypriot . The company to path of stabilitycontinue to look at that and there are rigorous and methodical way Turkey plants. It's it's. -- -- -- -- -- And again we continue -- assessment we're looking at very carefully and let methe border region so on Thursday ambassador -- travel to the Syrian Turkey border where he met with members of the -- -- an army. Missing opposition. And participate in US government's delivery -- 52000
Cyprus Bailout's Impact on U.S., European Markets
that 2013 rally worries in Europe . That is the reason the Dow the Euro zone. Well we had Cyprus now most of American school students confined Cyprus with an hour the thousand it's when they do in the Cyprus banks was the country and likes native residents of Cyprus Bringing it back bringing a phone hacking scandal in Britain made its way here the Uniteddown this morning putting a stop to that 2013 rally worries in Europe . That is the reason the Dow and the S&P took a bit of a tumbled to tell us why the Euro zone is so frazzled at this point and breakdown the other business headlines for this Monday wanna bring in Jeff -- got finance Jeff good Monday morning to you sir yeah I was -- Saddam -- -- how -- -- depends on how your -- it was I suppose. Let's get right to what's go to the Euro zone. Well we had Cyprus now most of American school students confined Cyprus with an hour -- the thousand -- on -- globe. But it's when they do in the Cyprus banks was the country and Euro zone decided they were going to. Go ahead and grabbed 10% of all deposits in -- Cyprus banks. For anyone with over hundred cave bears might imagine. Folks weren't that happy about it and we've seen a little bit of a run on the banks in Cyprus before the government -- -- grabs at 10% to crazy decision -- We are let me ask this did you -- --gonna take those deposits and we're going to apply them to the Cyprus -- And that's gonna take care of problems in Europe the united -- sends ripples. The route not just Europe but the entire financial system because JPMorgan has little bit betrayed your city -- trade their Goldman -- -- trade there. No windows -- kind of exposure they're getting and so everyone -- to safety. That as weird things trading books and you don't know what's happened and that's why the financial sector is getting hit today giving -- perspective and I just a year you -- the Cyprus obviously a lot of people are not familiar with the island -- country. But how much -- they contribute to that seventeen country Euro -- One half of 1% -- a very -- contributor. They're actually smaller than Rhode Island -- -- -- about the economy size of Shreveport Louisiana now settled yet you're talking. I'm not sure what kind of Campbell these guys went when they -- the water but -- for a country that size to send ripples throughout Europe . Again the three stupidity of this decision for wanting a better word is orders of magnitude about anything we've seen so farthey can invest in this without getting fleeced likes native residents of Cyprus -- Bringing it back bringing it back over Europe I'll talk -- but this morning not a Wall Street Journal and the Justice Department right -- Wall Street Journal. Owned by Rupert Murdoch and news corporate and of course they had a phone hacking scandal in Britain made its way here the United States and about -- the Justice Department. Is checking up -- as the Wall Street Journal.
Will Cyprus Leave the Eurozone?
on had a crucial vote in Cyprus that would determine if that news from that situation in Cyprus and the business headlines the that the government and Cyprus are announcing that it would money happens to be run of Russian origin and you know this that a lot of people are Cyprus certainly agreeing with so elected officials in the Cyprus decided that this is and Burger King. Is showcasing a Turkey burger healthy food at fastout with the egg -- -- today Burger King. Is showcasing a Turkey burger healthy food at fast food is -- big box in this now it seems like some of the fast food chains
Europe , Detroit Give Markets a Boost
because of good news out of Europe and Detroit today here to tell He's done so before we get to Europe and Detroit let's start with what you do banks in Greece and Cyprus are just too scared to lend states like you know Greece and Cyprus and things like that and thenMarket futures up this morning because of good news out of Europe and Detroit today here to tell us more perhaps could have Matt -- out from Yahoo! finance good morning Matt. He's done so before we get to Europe and Detroit let's start with the weekly jobless claims that came out an hour ago what did they show. Well down again
Suspect in Russian Spy Ring Skips Bail in Cyprus
people arrested. to spy ring operating in and against the United States and on behalf of Russia has gone missing today in Cyprus . Mr. was arrested early Tuesday morning at the international airport it was trying to board a flight to Budapest. LaterUnited States and on behalf of Russia has gone missing today in Cyprus . Mr. -- was arrested early Tuesday morning at the -- international airport it was trying to board a flight to Budapest. Later