World Bulletin / News Desk
The UN mediator on Cyprus, seeking to end a four-decade diplomatic deadlock, said Greek and Turkish sides now had strong economic reasons to agree a reunification that could help ease debt problems and speed exploitation of disputed gas fields.
"Both Greek Cypriots and Turkish Cypriots have economic difficulties," Alexander Downer, special advisor on Cyprus to UN Secretary-General Ban Ki-moon, said.
"It is a good opportunity to remind people that a solution to the Cyprus problem will be economically very beneficial and it will certainly be well received by the international community," he told Reuters in an interview.
Greek Cypriots were forced to seek aid from the International Monetary Fund and the European Union in June to prop up their banks, badly exposed to debt-crippled Greece.
Turkish Cypriots living north of a buffer zone splitting the island's two main populations are economically and politically isolated, relying on financial handouts from Ankara.
Cyprus was split in a 1974 Turkish military intervention triggered by a brief Greek Cypriot coup instigated by the military then ruling Greece.
The conflict has come into sharper focus with natural gas discoveries in the eastern Mediterranean. Greek Cypriots reported their first major discovery in December 2011, while Turkey launched an on-shore drill in northern Cyprus in April .
Greek Cyprus, an EU member now holding the rotating presidency of the bloc, has, like every other EU country, veto rights over Turkey's bid to join the EU.
"It's peaceful, but everyone knows this is temporary, and everyone knows there needs to be a solution which is permanent," said Downer, whose office is in a sprawling UN compound which was once Nicosia's international airport, scene of some of the fiercest fighting in 1974.
The bullet-riddled shell of a Greek Cyprus Airways aircraft squats on a runway overgrown with weeds, testament to the violence.
"It (reunification) would reduce the sovereign risk of investing in Cyprus, clear up the problems of investing in property, grow GDP and offer capacity to service and pay off debt," Downer said.
"It would be an economic boon to Cyprus just when it needs one. There's gas, but that is years off until that is sold."
Four years ago, the United Nations launched a new round of talks, the latest of many peace efforts. Downer is still cautiously optimistic about cracking a deal and succeeding where dozens before him failed.
"It is hard," said Downer, a former Australian foreign minister. "There have been efforts made for 38 years to solve the Cyprus problem. A lot has been achieved, there are a lot of convergences, there is a basic plan, but the deal hasn't been done."
Greek and Turkish Cypriots agree in principle on reuniting the island as a federation, but differ on how it would work. Differences remain on core issues ranging from how Cyprus is to be co-governed to property claims from thousands of internally displaced people.
Direct talks between the leaders of the Greek and the Turkish Cypriots have been on hold for several months, partly because of a Greek Cypriot poll in 2013 to elect a new president.
The United Nations has also backed off from plans to call a multilateral conference because of Greek Cypriot objections about the timing.
"The risk of failure and of total collapse was way too high, and it would have been reckless for us to have called a multilateral conference, and that was the advice I gave the secretary-general," Downer said.
Downer said the time between now and the election next February was focused on talks with technocrats between the two sides. "In terms of negotiations on the substantial issues, we will get them under way once a new president has been elected."
Israel said on Thursday it had foiled plans by Hamas to attack Israelis in Jerusalem's largest soccer stadium, other parts of the city and the occupied West Bank, though Hamas said it had no information on the allegations.
The departure of the UDMR party, which joined the government in early 2014, will weaken Ponta but still leaves his centre-left alliance with a 60 percent majority in parliament
In much of Aleppo there is little left to save. Rebel districts have been devastated by months of government bombardment with "barrel bombs," explosives packed with shrapnel and nails.
The Minister for Internal Affairs, De Mizier, said that Muslims who are suspected of fighting in Syria or Iraq will have their ID cards taken away within 18 months.
The Islamic Movement said al-Khateeb's defense of the Al-Aqsa Mosque was the reason why the Israeli authorities had barred him from entering the historic city.
The announcement was made at a press conference held at AU headquarters in Ethiopian capital Addis Ababa.
The squabbling between India and Pakistan has held back SAARC for years, with the two sides' disagreements preventing progress in the consensus-based grouping.
People around the world turn to social media to express solidarity with protesters in Ferguson.
The decision swells an EU sanctions list over Ukraine that already covers 119 people and 23 entities.
Nearly 6 million people have been displaced by right-wing paramilitary groups and Marxist rebels since the conflict began in 1964
Khamenei, the ultimate authority on all Iranian matters of state, said: "For the same reasons I wasn't against negotiations, I'm also not against the extension
Roughly 5,000 students from the Gaza Strip have been unable to cross into Egypt to resume their studies due to Egypt's closure of the Rafah crossing
Decision taken after killing of four anti-polio workers in state capital on Wednesday
Fighters dressed in army uniforms attacked an Indian army base in the occupied Kashmi, as the leaders of India and Pakistan attended a regional summit aimed at boosting trade.
One of the draft laws presented by the conservative prime minister covers financing of political parties and the other aims to improve transparency and prevention of conflict of interests in government roles.
European Parliament MEPs voted on a motion filed against European Commission President Jean-Claude Juncker and his commission over the so-called LuxLeaks affair.