5 Minute News

3 months ago

U.S. President Donald Trump warned China that if it does not cancel the 34% tariffs on American products, he will impose 50% tariffs on Chinese goods. He condemned Beijing for historically high tariffs and illegal subsidies. Additionally, he canceled any scheduled meetings with China and plans to negotiate with other countries. The U.S. will enforce new tariffs starting April 9 if China does not respond.

The police arrested a 35-year-old suspect related to the incidents in Oroklini, with three others, including migrants, being sought. The tensions arose when a group attempted to remove migrants from their area. The result includes a seriously injured 27-year-old and a two-month-old infant. The 27-year-old's condition remains critical, while the infant is hospitalized but in a stable condition.

Financial markets faced significant losses due to tariffs imposed by Donald Trump. Specifically, Wall Street opened down 1600 points, and the global financial sector lost $9.5 trillion in three days. Investors are looking for safer options, while the Greek stock market is also experiencing declines. If the losses continue, the Greek stock market may enter a bear market.

Authorities are investigating the case of 37 kilograms of cannabis found at Larnaca Airport. A 34-year-old woman from the United States appears to be involved in a drug trafficking network. Investigators are looking for her accomplices and other relevant past information. Recently, Cyprus authorities have seized significant amounts of cannabis from the same airport.

Starting April 9, the online platform will be launched for applications to the 'Renovate-Rent' scheme, which offers grants of €15,000 to €35,000 to property owners for renovating homes for affordable rent. Eligible renters will be determined based on income criteria and household composition. Applications will be reviewed by the Cyprus Land Development Corporation. Successful applicants will gain access to renovated units for rent.

The legendary disco 'Scorpio' in Nicosia is being demolished to make way for new student housing. The building has been a part of the nightlife since 1968. Demolition began on April 5 and will be completed soon. 'Scorpio' held significant cultural value in the local nightlife history.

On Monday, the Cyprus Stock Exchange reported significant losses, following the decline of other European stock markets. The General Index dropped by 3%, and the FTSE/CySE 20 by 3.12%. Most stock indices experienced losses, with the largest decline seen in Bank of Cyprus shares. Few stocks showed an increase, while the trading volume reached €1,573,707.

A 76-year-old man is accused of sexually abusing a 6-year-old girl. The case has shocked the public, and the accused faces 10 charges. The abuse was uncovered after the child's mother learned about the situation. The accused remains in custody and is set to appear in court.

The Human Rights Committee criticizes the Social Welfare Services for the abuse of five children. Ministers argue that modernization efforts are underway in the Services and that additional hires are being made to strengthen the agency. However, concerns about the effectiveness of the processes and the need for changes persist. These statements prompted strong reactions within the Committee.

Actor Jay North, known for playing 'Dennis the Menace', passed away at the age of 73 after battling cancer. His career started at a young age, achieving great fame through the TV series that aired for four years. North left a significant mark on television, and his roles remain unforgettable to audiences. The news was confirmed by colleagues and actress Ginny Russell.

European stock markets opened sharply lower today, influenced by President Donald Trump's recent tariff announcements. The pan-European Stoxx 600 index fell by 6% at the start of trading, with all sectors participating in the decline. Asian markets also experienced significant declines, particularly in Chinese stocks. Concerns over the effects of U.S. tariffs are driving a sense of panic in the markets.

European stocks fell sharply on Monday morning, reaching a 16-month low. Investors are worried about a potential recession due to new tariffs imposed by the U.S. The STOXX 600 index dropped by 5.8%, while major banks like Commerzbank and Deutsche Bank saw significant losses. The situation worsened with declines in stock exchanges in Paris, London, and Milan.

Hans Jonny Uven, a Swedish fugitive, was sentenced to 18 months in prison by the Larnaca Permanent Criminal Court. He admitted guilt for his escape and will act as a prosecution witness in another trial. His sentence was reduced due to mitigating factors mentioned by the court. Authorities in Sweden have requested his extradition for another fraud case.

Futures indicate significant declines in New York's stock exchanges due to the impact of tariffs imposed by President Donald Trump. Both the Dow Jones and S&P 500 are experiencing drops of over 3%. Additionally, the price of U.S. oil has fallen below $60 a barrel. Investors are expressing concerns about potential further declines.

Trump has imposed a 20% tariff on all EU countries, creating winners and losers based on each state's trade with the US. Cyprus and Greece would pay a tariff of 10% if assessed according to bilateral trade. Conversely, countries like Slovakia would face much higher rates. The European Union is planning targeted tariffs in retaliation against the US amid concerns of a potential trade war.

The Department of Environment is launching a campaign to combat illegal waste disposal at construction sites and among major contractors. Collaborating with the Police, they aim to monitor proper waste management and enforce strict penalties. The legislation imposes fines of up to €20,000 for offenders and potential criminal charges. The Minister of Agriculture announces strengthened efforts for better coordination and stricter controls.

A new public transport service is launching in the Tamassos area, connecting the Nicosia Hospital and the University of Cyprus. The route will provide direct access for residents and patients, with eight daily trips. The goal of the new line is to offer quick and comfortable travel, without the need for transfers. It is expected to improve access to key facilities in the area.

Pyla, a mixed community in Cyprus, is facing serious organized crime issues, with the rise of casinos and other illegal activities. The community leader, Simos Mytides, expresses the residents' concerns, feeling that their daily lives have drastically changed. Despite hopes for peaceful coexistence, this situation has disrupted the balance in the area. The government and international organizations struggle to enforce the law in this region.

A new decree allows ETek to take on the role of issuing building permits for 50% of medium-risk developments. The process will enable permits to be issued within 40 working days and will involve inspections and on-site checks. Electronic procedures for permit issuance are also expected. Exceptions include areas with specific regulations to protect historic and public spaces.

Serious incidents took place in Oroklini involving masked individuals trying to evict migrants from an apartment complex. A 27-year-old from the Congo and a two-month-old baby sustained severe injuries during the attacks. The 35-year-old manager of the complex was arrested and charged with various offenses. The police had to intervene with tear gas to control the situation.

Turkey is attempting to achieve recognition of the Turkish Republic of Northern Cyprus through diplomatic relations with countries in the Organization of Turkish States. Despite Turkey and the occupying regime's expectations, these countries are hesitant to move towards recognition. The Republic of Cyprus has successfully established diplomatic relations with most of the OTS member states, except for Turkey and Azerbaijan. Recent developments indicate that dialogues with these countries continue, despite the lack of formal relations.