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1231. Michael strengthens into extremely dangerous Category 4 hurricane

1232. At least 40 Tory MPs willing to vote down Brexit deal

1233.  Nobel Peace Prize awarded to Denis Mukwege and Nadia Murad for their efforts to end the use of sexual violence as a weapon of war

1234. Cyprus opens bids for offshore energy exploration at block 7

1235. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

1236. Indonesian quake toll jumps to 832 dead as rescuers struggle

1237. Greek Cypriots spill into the north for bargains

More Greek Cypriots are crossing into the northern part of Cyprus in search of great bargains due to the weak Turkish lira, with estimates close to a million visits in the first eight months...

1238. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

1239. August tourist arrivals highest ever

The Cyprus Tourism Organization says tourist arrivals on the island have never been better for the month of August until this year, as new countries are filling the void created by bigger markets...

1240. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

1241. Team launches world’s first ocean cleanup system

A first trial of a massive cleanup of plastic in the ocean, an effort that has been in the works for five years, was launched in San Francisco on Saturday...

1242. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

1243. Taking action to clean up Akamas

Putting all other obligations on hold just for a day and armed with the slogan #akamascleanup, we dedicate one Sunday to clean one of the most beautiful spots in the Mediterranean...

1244. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

1245. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

1246. Teachers march nine thousand-strong

Thousands of demonstrators descended on Presidential Palace Avenue on Tuesday, protesting a Cabinet decision to trim down the number of class-exempt teaching hours in state schools...

1247. President makes final offer to teachers

President Nicos Anastasiades has weighed in on the ongoing debacle between state educators and the government, drawing up a final offer to teachers and expecting an answer before the weekend is out...

1248. Bulgaria scrambling over Olympic bankruptcy

The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...

1249. Nicosia ups pressure on EU migration policy

Nicosia is pushing for a single EU migration policy that would make refugee redistribution not only mandatory but also relative to population sizes of member states...

1250. Pace of migrant arrivals in Greece via land from Turkey quickens

More than 10,000 migrants and refugees arrived in Greece from Turkey through the northern Evros river crossing in the first half of 2018, a non governmental organisation said on Thursday, a quicker pace of arrivals compared to 2017....

1251. More than 200 houses destroyed by Attica fires

More than 200 houses have been completely destroyed by the devastating wildfires that ripped through a coastal town east of Athens this week killing at least 81 people, according to data collected by engineers from the Ministry of Infrastructure and Transport who have started recording the damage to buildings....

1252. Search continues as wildfires death toll climbs to 80

Rescue crews Wednesday continued to search the seaside areas northeast of Athens that were the worst affected by wildfires to locate any further victims, as the official death toll rose to 80...

1253. UK ship insurer setting up Cyprus office over Brexit

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access...

1254. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

1255. Minister unfazed by angry educators

Thousands of public teachers stood outside the gates of the Education Ministry on Friday, calling on Education Minister Costas Hambiaouris to resign and union members refusing to go to his office to talk things out...

1256. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

1257. Energean commits to Eastern Mediterranean

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island...

1258. Over 40 degrees here to stay all weekend

1259. Overall retail rise not overshadowed by slight drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

1260. Holiday Inn Nicosia under new ownership

Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...