General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
ATHENS – The beleaguered jewelry and accessory maker Follie Follie, its assets frozen by a court order after an audit found $1.29 billion missing from an Asian subsidiary, lost a bid for protection from creditors when an Athens First Instance Justice ruled against the company.
That raises the specter of one of Greece’s best-known businesses facing more court challenges for its remaining assets and worth and an unstructured bankruptcy, the business newspaper Naftemporiki said.
With the court ruling, FF Group’s management and legal team must work out an agreement with creditors and seek financing for a restructuring plan. A group representing investors in the country has already filed and received a first injunction ordering a temporary freeze of assets totaling 2.5 million euros ($2.86 million).
Prosecutor Yiannis Dragatsis ordered the freeze because the financial executive sent “falsified data from Asia” which the accountant “approved.” That came after a court rejected an injunction filed by Folli Follie for temporary protection of its assets from creditors.
The company fell into chaos in May after a hedge fund, Quintessential Capital Management, said it was skeptical of the company’s financial statements for last year and that it overstated the number of its outlets.
The asset freeze came just the company, facing closure after an audit said $1.29 billion was missing, was hit with a report it may have given $122 billion through it’s Asian subsidiary to unknown recipients, including a business that may not exist, said Kathimerini.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
ATHENS - The European Union needs to get involved in the case of the two-year jail sentence given ethnic Greek Fredi Beleri who was elected Mayor of the seaside town of Himare and said the trial was a farce to get him and protect Prime Minister Edi Rama’s business friends.
Brace yourself for what could be another scorching summer in Greece as scientists are anxious that a warm winter - the warmest January recorded - and climate change will continue to bring weather anomalies.
Mykonos’ run has been going on for a long time, bringing hordes of tourists, but it’s being cut down by its reputation for being rowdy, expensive, overcrowded and gouging diners while businesses evade taxes.
NICOSIA - A liquified natural gas (LNG) terminal in Vasilikos should be constructed by the end 2024 as part of the European Union’s Projects of Common Interest (PCI) scheme, with 101 million euros ($109.