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.
NICOSIA – Already under fire for selling residency permits and European Union passports without vetting applicants properly for criminal activity and money laundering, Cyprus has now been rated worst in a peer view in failing to stop market abuses.
That assessment came from the European Securities and Markets Authority (ESMA) which said the country and Romania were the only ones in the EU non-compliant with market abuse rules on two of six assessments, the news agency Reuters reported.
ESMA looked at whether supervisors were making sure that certain financial firms meet requirements and found that Greece, along with Austria, Bulgaria, Ireland, Latvia and Luxembourg were “partially-compliant” among EU member countries, while Cyprus and Romania were “non-compliant”.
The agency also looked at how national regulators responded to poor-quality or suspected non-reporting of suspicious trades and associated enforcement actions, finding Cyprus non-compliant there as well.
“We as European regulators need to make further progress in ensuring firms’ compliance and in challenging poor-quality reporting,” ESMA Chair Steven Maijoor said in a statement.
Cyprus’ regulator CySEC said in the ESMA report that it disagrees with some of the findings and assessments in the review, which it said did not pay sufficient consideration to the specific characteristics of the Cyprus market without explaining what that meant.
The review saw a sharp rise in the number of suspicious transactions reported, mainly by investment firms in relation to stock trades, due to broader reporting criteria brought in by the new rules in 2016 for compliance.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
KYIV, Ukraine (AP) — Three Russian missiles slammed into a downtown area of the northern Ukrainian city of Chernihiv on Wednesday, hitting an eight-floor apartment building and killing at least 13 people, authorities said.
It was a close brush with death but a 40-year-old British tourist bitten by a deadly viper while at a yoga retreat on Cyprus is recovering after getting swift hospitalization to counteract the venom.
ATHENS - After Israel’s Iron Dome air defense system - with help from French, American and British fighter jet pilots - knocked Iranian missiles and drones from the skies during an attack, Greece is looking to create a similar protection method.
KYIV, Ukraine (AP) — Three Russian missiles slammed into a downtown area of the northern Ukrainian city of Chernihiv on Wednesday, hitting an eight-floor apartment building and killing at least 13 people, authorities said.
SANTA ANA, Calif. (AP) — Visitors to Disney's California parks could one day walk through the snow-covered hamlet of Arendelle from “Frozen” or the bustling, critter-filled metropolis of “Zootopia” under a park expansion plan approved by the Anaheim City Council.