ATHEX: Rebound for bourse after Tuesday drop

ATHEX: Rebound for bourse after Tuesday drop

The Greek bourse’s benchmark came off Tuesday’s three-and-a-half-month lows on Wednesday to show a significant rebound, even if that was on the lowest turnover of the last nine sessions. The day’s gains snapped a five-day losing streak, led by non-banking stocks. Thursday will see third-quarter results publications by a number of blue chips, while Friday …

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Kasselakis to announce new party name on Saturday

Kasselakis to announce new party name on Saturday

Stefanos Kasselakis has announced that the founding declaration and name of his new political party will be announced at noon on Saturday. In a video posted on social media, the ousted former SYRIZA leader invited supporters to register online on the todikomaskinima.gr site as members of the organization and to have a say in picking …

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A logo or a symbol of futility?

A logo or a symbol of futility?

It’s important to distinguish between the bureaucratic process and the aesthetic result. The decision to call off the design competition for a logo for the Thessaloniki metro should be discussed separately from the end-result, which everyone will have a different opinion on. The abrupt reversal of the planned procedure for proposals to be submitted is …

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Police release photographs of Pangrati arms cache

Police release photographs of Pangrati arms cache

[Hellenic Police] Police have released photographs of the arms cache found in a storeroom of an apartment building in the Pangrati district on Tuesday evening. The find included three grenades; a submachine gun; six firearms, various gun parts, magazines and cartridges; 25 detonators; 7.5 kg of ammonia dynamite; 3 kg of gelignite, 2 kg of …

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Temperatures to drop 10C this weekend

Temperatures to drop 10C this weekend

[InTime News] Weather forecasters say there will be a noticeable drop in temperatures this coming weekend. According to the director of the National Meteorological Service, Thodoris Kolidas, rain is expected Thursday and Friday, but it will stop from Saturday afternoon. But he added that the temperature will fall significantly below the seasonal levels, by around …

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Greek government reopens 10-year bond to tap €250 million

Greek government reopens 10-year bond to tap €250 million

[AP] The Greek government taps the markets Wednesday with a reissuance of its 10-year bond.  An auction will be held for the reissuance of dematerialized bonds with a fixed interest rate of 3.375% due on June 15, 2034, according to the Public Debt Management Agency. The re-issuance aims to meet investor demand while facilitating the …

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Erdogan opposes Ukraine use of US long range missiles, urges restraint

Erdogan opposes Ukraine use of US long range missiles, urges restraint

File photo. Turkey’s President Tayyip Erdogan opposes a US decision to allow Ukraine to use long-range missiles to attack inside Russia, saying it would further enflame the conflict, according to a readout shared by his office on Wednesday. Ukraine used US ATACMS missiles to strike Russian territory on Tuesday, taking advantage of newly granted permission …

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Olympiakos denounces charges against club executives as politically motivated

Olympiakos denounces charges against club executives as politically motivated

Olympiakos soccer club has responded to the prosecution of its president and four senior officials in a Greek soccer-related criminal case, describing the charges as politically motivated. Charges were filed on Tuesday against Olympiakos President Evangelos Marinakis, vice presidents Yiannis Moralis (who is also the mayor of Piraeus), Kostas Karapapas, Dimitris Agrafiotis, and Michalis Kountouris. …

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Greek police seize cache of explosives in central Athens

Greek police seize cache of explosives in central Athens

File photo. [Shutterstock] Greek police seized firearms and explosives during a search of a storage unit in the central Athens neighborhood of Pangrati late Tuesday. According to reports, earlier that day, a private citizen alerted authorities after discovering a stockpile of weaponry in a storage unit he owned but had not visited for an extended …

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