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.
There was more trouble for failing Greek jewelry and accessory maker Follie Follie, facing closure after an audit said $1.29 billion was missing, with a report that the company made have given $122 billion through it’s Asian subsidiary to unknown recipients, including a business that may not exist, said Kathimerini.
The founders and leaders of the company resigned after the audit found discrepancies in cash reserves, including $1 billion in Asian sales, raising prospects the company would shut and not go into bankruptcy and try to re-emerge.
The final report of the Hellenic Accounting and Auditing Standards Oversight Board (ELTE), which sent its conclusions to the financial prosecutor’s office and anti-money laundering agency, said the interest-free loans were given without any business reasons, without collateral, to Landocean Industrial Limited, whose existence was in doubt, the paper said.
ELTE also reported that Folli Follie’s Asian subsidiary made sales of $995.1 million in 2017 and $862.5 million in 2016 to a firm named NG Boon Soon, another company whose existence is disputed.
Folli Follie’s main shareholder, the Koutsolioutsos family, which also controls the company, announced it had filed for the protection of subsidiary Links of London under the US bankruptcy code to protect it from from forced measures will mean the shutdown of six points of sale and nine shops-in-shops.
There was also talk that Chinese business giant Fosun, involved in a group trying to develop the former Hellenikon International Airport into a high-end site, could take part in restructuring of Follie Follie but there were no reports that anyone in the company was being prosecuted for anything.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
LOS ANGELES (AP) — Morgan Freeman spoke the words, but pretty much everyone who took the stage at the presentation of the AFI Life Achievement Award agreed: “ Nicole Kidman.
HOUSTON, TX – The Rothko Chapel announced on April 22 that it has received a $1 million grant from the Stavros Niarchos Foundation (SNF), the international philanthropic organization that supports a wide variety of projects and nonprofits in the areas of arts and culture, education, health and sports, and social welfare.
ATHENS - With June elections for the European Parliament coming the former spokesman for the ruling New Democracy government, Aris Spiliotopoulos, has left the Conservatives for its major rival, the SYRIZA Leftists.
ATHENS - Beachgoers in Greece will be able to use a new mobile app to report whether public beaches are being exploited by businesses that the government allows in most cases to use half the area for profit.
ATHENS - Only 15.6 percent of 1.