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Everything Is for Sale in Cyprus, and Chinas Buying

increasingly assertive global powerhouse of 1.4 billion people, the other an island nation of 1.2 million that boasts a strategic location and a reputation for a no-questions-asked approach to financial affairs. That makes for a compelling match as China seeks to expand its footprint inside the European Union. “We have investments right across all sectors of the economy,” Christodoulos Angastiniotis, president of the Cyprus Chamber of Commerce and Industry, said before joining the other guests to hear speeches extolling the excellent state of China-Cyprus relations. He said there were “some very…

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Earthquake in Turkey and Greece leaves at least two dead in Kos, 200 injured

6.7 magnitude quake struck overnight between Bodrum and Greek islands, injuring 200 people and sending residents and tourists running into the streets A powerful earthquake of magnitude 6.7 has killed at least two people on the island of Kos and injured 200 in Greek and Turkish coastal towns. The quake struck near major tourist destinations around the Aegean sea in the early hours of Friday, Turkish and Greek officials said. Around 200 people have been injured, officials said, with at least 120 on Kos and 70 in Turkey. The United…

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Creditors agree terms to disburse Greece’s 8.5bn bailout funds

EU and IMF thrash out deal following months of disagreements, with funds to be released in July once European parliaments ratify the deal For the best part of a decade, Greece has wanted to become a normal country, and late on Thursday it appeared to begin that process, after creditors agreed to disburse 8.5bn (7.4bn) of bailout funds aimed at putting the debt-stricken nation back on the road to recovery. The money, signed off after months of disagreement between the European Union and International Monetary Fund over how to reduce…

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Four killed as train crashes through house in northern Greece

Train traveling on Athens-Thessaloniki route when it went off rails by the village of Adendro An intercity train derailed in northern Greece, leaving four passengers dead and five seriously injured, including the driver, the state railway said in a statement early Sunday. The train, with 70 passengers, was traveling on the Athens-Thessaloniki route when it went off the rails and crashed through a house by the village of Adendro, 40 kilometres (25 miles) west of Thessaloniki, on Saturday night. I was sitting on my porch. I saw a flash and…

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