News archive of May 2020

ATHEX: Rebalancing leads to jump in turnover

The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.

Turkey says may begin oil exploration under Libya deal in 3-4 months

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.

Islamic State: The Coronavirus Pandemic is a Punishment for Our Enemies

CAIRO (Reuters) - Islamic State (IS) said the coronavirus pandemic was divine punishment for its enemies, according to an audio broadcast on Thursday, where the jihadists also vowed more attacks.

The person on the tape, which was posted on one of the militants' websites but could not be verified by Reuters, identified himself as IS spokesman Abu Hamzah al-Quraishi.

Policies and propaganda

The pandemic has complicated an already difficult situation in migration and relations with Turkey. The way that Greece is handling Covid-19, though, might suggest a way to deal with other issues, too. As many have observed, the situation demands national consensus and self-discipline.

US, Greek jets welcome North Macedonia into NATO

Four F-16s from the 337th Hellenic Airforce Combat Wing accompanied a pair of American B-1B bombers on a mission to welcome North Macedonia into NATO by flying over the capital Skopje on Friday.

North Macedonia became the alliance's 30th member on March 27, following the settlement of its name dispute with Greece in 2018.

Trump's War Against Social Media

President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized.

Lucrative car theft racket busted in Athens

Six suspected members of a lucrative luxury car racket - six Greeks and two foreign nationals - faced an Athens prosecutor on Friday on multiple criminal charges.

Over the past year-and-a-half, the racket is alleged to have stolen dozens of luxury cars before fitting them with fake license plates and selling them on or selling their parts, according to police.

Campsites, libraries, golf courses among activities reopening on Monday

The Development Ministry has published a list of the businesses that are being permitted to go back into operation on Monday, June 1, as restrictions imposed in March as part of efforts to curb the coronavirus continue to be lifted.

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