West Ham get Olympic Stadium
West Ham will be anchor tenants for the Olympic Stadium after the government agreed to put in an extra £25m towards the costs of converting the venue. The additional money takes the Treasury’s...
View ArticleAnt and Dec visit Enfield supermarket
Shoppers were cod a little surprised this week when celebrity duo Ant and Dec were spotted behind a supermarket’s fish counter. The Geordie double act lent a hand in Morrisons in Southbury Road on...
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Cyprus: So what went wrong
There was no official red flag that Cyprus’s oversized banking sector posed a big risk to its economy until last year, when the European Union set up tools to monitor such imbalances, a Reuters review...
View ArticleWhat happens if Cyprus can’t agree a “Plan B”?
The European Union has given Cyprus until the close of business on Monday to come up with a plan to raise nearly 6 billion euros and secure an international bailout. Without it, the European Central...
View ArticleFrance’s Sarkozy investigated in party-funding affair
Ex-French president Nicolas Sarkozy was placed under formal investigation on Thursday for “abuse of weakness” in a 2007 party funding case involving elderly L’Oreal heiress Liliane Bettencourt, the...
View ArticleGermany warns Cyprus
Europe’s paymaster Germany stepped up pressure on stricken Cyprus on Friday, rejecting its proposal to nationalise pension funds to plug its finance gap and demanding it take an axe to its banks if it...
View ArticleBank of Cyprus appeal
Bank of Cyprus, in a dramatic appeal urged on Friday the Parliament to approve a levy on deposits in a bid avoid the collapse of the Cypriot financial sector. Bank of Cyprus, the island’s biggest...
View ArticleStill a chance with Russia
Russia’s prime minister says Moscow will only help Cyprus out financially if the country’s new money-raising measures get the backing of the European Union. Dmitry Medvedev said Friday that Russia...
View ArticleLord Adonis opens Camden academy
The new UCL Academy, which opened in September to 180 Year 7 pupils and 125 Year 12 pupils, is Camden’s first academy and will cater for 1,150 students when it reaches full capacity in 2016. On...
View ArticleUK Cypriots come forth to support their country
Senior members of the well established Greek Cypriot community in the UK, based mostly in northern London, have assumed action trying to coordinate an effort to garner support for their native country....
View ArticleCyprus:House votes in favor of nine bills, to reform banking sector
The House of Representatives voted Friday evening in favor of nine bills, which aim to reform and restructure Cyprus` banking sector. The House of Representatives convened and voted on a total of nine...
View ArticleCameron and Putin discuss situation in Cyprus
Developments in Cyprus were discussed during a telephone call between British Prime Minister David Cameron and the President of Russia Vladimir Putin. British Prime Minister’s spokesman said Cameron’s...
View ArticleCyprus President and US Secretary of State discuss Cyprus
The Cyprus problem and the economic developments in Cyprus were at the focus of a telephone conversation held between President of the Republic of Cyprus Nicos Anastasiades and US Secretary of State...
View ArticlePiraeus Bank to take over Cyprus banks in Greece
The branches of the Bank of Cyprus and the Cyprus Popular Bank (Laiki) in Greece were taken over by the Greek Piraeus Bank. Chairman of the Piraeus Bank, Michalis Sallas said that the Bank responded to...
View ArticleBreakaway regime to exploit the economic crisis
Efforts by the breakaway regime to exploit the economic crisis in the government-controlled area of the Republic of Cyprus Turkish Cypriot daily Kibris newspaper (22.03.13) reports that a written...
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Cyprus bail out
MPs in Cyprus have voted to restructure the island’s banks, set up a “national solidarity fund”, and establish capital controls to prevent a bank run. Efforts continue to reach consensus on other key...
View ArticleThe postmortem on the Cyprus crisis will be ugly
Assume the crisis in Cyprusis patched up this weekend or on Monday – it is still the way to bet because both sides have too much to lose. After its struggles in Athens and elsewhere, the eurogroup...
View ArticleCyprus bailout bid goes down to the wire
Cyprus’s bid to avert financial collapse will go down to the wire after the island said it would hold a crucial sitting of parliament only after finance ministers of the 17-nation euro zone meet on...
View Article£150m government overhaul of school sport
The ring-fenced money will be given directly to schools across the borough as part of a nationwide scheme which will see £150 million a year devoted to school sport and PE. The new support is funded by...
View ArticleOne dead and four injured in Cyprus incident
One man has been killed and four other people injured after a row over property in the village of Kophinou. Three of the injured are in critical condition, the fourth is out of danger. Police are...
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