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Tim Mayopoulos named CEO of Silicon Valley Bank after collapse

The Greek Herald
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Tim Mayopoulos named CEO of Silicon Valley Bank after collapse

Greek American banker, Tim Mayopoulos, has been named the new Chief Executive Officer (CEO) of Silicon Valley Bank (SVB).

SVB collapsed last week crippling stocks and raising concerns over possibly affecting the global markets.

The bank is now under federal government control after becoming the second-largest bank failure in the history of the United States. US President, Joe Biden, has since reassured Americans about the safety of the banking system.

Tim Mayopoulos. Photo: Rich Clement/Bloomberg

Mayopoulos was named CEO of the newly created entity, Silicon Valley Bank N.A, after the regulator took control of SVB.

“I look forward to getting to know the clients of Silicon Valley Bank… I also come to this role with experience in these kinds of situations,” Mayopoulos said in a letter to clients after his appointment.

Source: Time.

New Democracy’s election lead over SYRIZA slips to 2.9 points

The Greek Herald
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New Democracy’s election lead over SYRIZA slips to 2.9 points

New Democracy at 27.4% (down from 30.2%), SYRIZA at 24.5% (up from 24.3%) and PASOK-Movement for Change at 9% – these are the results of The MRB poll for Open TV on voting intentions in the upcoming Greek general elections.

According to Ekathimerini, the difference between New Democracy’s lead over main opposition SYRIZA is even narrower, with 2.9 percentage points now separating the parties, instead of 5.9 points from the previous MRB/Open poll.

Voting.

Communist KKE (5.1%) and ultra-nationalist Greek Solution (4.5%) maintained their points while MeRA25, the party of former finance minister Yanis Varoufakis, increased its support by one point, to 3.9%.

Those that are undecided reached 17.4% points while just over half of those asked (55.6%) said that the recent Tempi railway disaster is going to play a role in the way they vote in the general election, two in five said it will not sway their vote.

When it comes to who is more suitable as a prime minister 33.8% said Kyriakos Mitsotakis and 29.3% said Alexis Tsipras.

Source: ekathimerini.com

Maria Sakkari storms into Indian Wells quarter finals

The Greek Herald
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Maria Sakkari storms into Indian Wells quarter finals

Greek tennis player, Maria Sakkari, is into the Indian Wells quarter finals after defeating Czech Karolina Pliskova 6-4, 5-7, 6-3 on Tuesday.

During the tennis match, Maria, breaking her opponent’s serve twice, quickly took a 3-0 game lead. The Czech then got one serve back, cutting to 3-2, but nothing more. The Greek tennis player held her serve and reached 6-4.

In the second set, Pliskova broke in the fourth game and took the lead in the second set, but Sakkari managed to equalise at 3-3.

Sakkari had a great opportunity for a new break in the ninth game. The Czech erased four of her break points, maintaining her lead (5-4). But ultimately, the Greek prevailed.

Sakkari, ranked No 7, will play the winner of the match between Czech Petra Kvitova, the No 15 seed, and American Jessica Pegula, the No 3 seed, in the quarter finals.

Turkey confirms release of jailed man to attend son’s funeral in Greece after train crash

The Greek Herald
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Turkey confirms release of jailed man to attend son’s funeral in Greece after train crash

Turkish Foreign Minister, Mevlut Cavusoglu, confirmed in a phone call to Greek counterpart, Nikos Dendias, that authorities would allow the jailed father of a train driver killed in the Tempi train crash to be released from a Turkish prison so that he can attend his son’s funeral.

The inmate, who is serving a prison sentence in Turkey, had applied for furlough on compassionate grounds to attend the funeral service.

The issue was raised by Dendias in a phone discussion with Cavusoglu on Monday.

In a tweet after the phone call, Dendias “thanked his counterpart for Turkey’s positive and rapid response.”

The decision was signed by Turkey’s Minister of Justice.

Mitsotakis: Restructuring of railways ‘a personal matter’

This comes as Greek Prime Minister, Kyriakos Mitsotakis, told train company representatives on Monday that the restructuring of the country’s railways “is not just a universal demand of Greek society but is now also a personal matter for him.”

Mitsotakis made the comments at the opening of a meeting with representatives of state-owned network owner Hellenic Railways (OSE) and railway infrastructure company ERGOSE, as well as the private, Italian-owned operator Hellenic Train, on restarting the railways.

According to AMNA.gr, it was decided that Greek trains will restart operations gradually as of March 22, beginning with the suburban railroad lines between Piraeus, Athens, and the International Airport, freight trains between Athens and Thessaloniki, and specific local lines in Greece.

Source: Ekathimerini and AMNA.gr.

Hellenic Football Federation President on potential to hold Greek Cup final in Melbourne

The Greek Herald
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Hellenic Football Federation President on potential to hold Greek Cup final in Melbourne

By Panagiotis Dalatariof.

The President of the Hellenic Football Federation (EPO), Panagiotis Baltakos, has spoken exclusively to The Greek Herald about the potential to hold the Greek Cup final in Melbourne, Victoria.

In the interview, Mr Baltakos stressed that discussions with the Football Federation Australia (FFA) is at an early stage, but he did not rule out the possibility of seeing Greek teams coming to Australia so expatriates and the Greek community in general can watch them closely.

How did you come up with the idea of holding the Greek Cup final in Australia?

The idea was born by seeing other countries’ Cup finals being held outside the country’s territory. I think this is something that Greece and EPO can do, even if it does not happen this year, but one of the following years. When I put the idea to the Executive Committee of the Football Federation it was positively received by all and I think that if it goes ahead it will be a sign of progress and modernisation for Greek football in general. Australia is one of the possible countries due to the fact that a large number of Greeks live there, without ignoring the great distance and the difficulty of access that exists in this sense.

Greek Cup trophy.

Where are discussions at with the FFA at the moment?

We are still at a stage where we cannot say anything definite about the conduct of the Cup Final. However, Australia and Melbourne are among the potential venues, but we are looking at other scenarios.

Do you have a specific date in mind?

The final date is May 20. It is not in our intentions to change it, but if it is judged that it has to be moved to another date for some particular reason that will benefit all involved we will have to decide from there.

In the event the final does not take place in Australia, is there potential for a friendly match or a visit of the Greek national team to Australia?

There is no such thought at the moment, but anything is possible regardless of where the Cup Final is held.

Do you have a message for readers of The Greek Herald?

I would like to tell them that we love them very much and would like to, if possible, give them the possibility to watch Greek teams compete in Australia.

Victoria’s Enosi Association raises over $73,000 at Hope For Mariah fundraiser

The Greek Herald
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Victoria’s Enosi Association raises over $73,000 at Hope For Mariah fundraiser

The Enosi Association raised over $73,000 at the Hope for Mariah fundraiser on Saturday, March 4 at the Stars International Reception in Preston, Victoria.

The fundraiser was held for 8-year-old Mariah who was born premature at 23 weeks and five days, weighing just over 500grams. Ten days after she was born, baby Mariah picked up an E. coli superbug, leading to a bleed on a part of her brain where she would develop Dystonic Cerebral Palsy.

Enosi Association presented Mariah and her family with a check. Photo: Enosi Association / Facebook.

The funds raised will provide financial support for Mariah’s therapy, mobility and accessibility equipment.

In a post on Facebook, Vice President of the Enosi Association, Tina Minas, thanked everyone for making the fundraiser possible.

“It was a united effort by all who contributed in many ways,” Ms Minas said. “Together we have made a difference to Mariah and her family.”

Main charge dropped against anti-China protester Drew Pavlou

The Greek Herald
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Main charge dropped against anti-China protester Drew Pavlou

The main charge against anti-China protester Drew Pavlou, has been dropped by police, The Sydney Morning Herald has reported.

The 23-year-old was subjected to crowd anger during a protest against the Chinese president in Eastwood last year. The court heard Pavlou attended another protest a week later in the same location and a scuffle broke out.

Police allege that Pavlou was holding a sign translated, in Mandarin, to “Xi Jinping f— your mother.”

At the time, Pavlou was charged with offensive behaviour in public and with refusal to comply with a police direction to move on.

In court on Monday, Pavlou’s lawyer claimed the sign had been wrongly interpreted. Tony Morris KC put forward to an official translator that Pavlou’s sign was referring to a general “curse” against Xi but not a literal message of “fornication.”

The translator said the curse was a popular term of criticism by young people against The Chinese Communist Party.

Police prosecutor John Marsh withdrew the charge of offensive behaviour at the end of the interpreter’s evidence.

The hearing into Pavlou’s alleged refusal to move on will continue this week.

Source: The Sydney Morning Herald

Paspaley’s creative director buys home in Sydney’s east for $8 million

The Greek Herald
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Paspaley’s creative director buys home in Sydney’s east for $8 million

Creative director of the Paspaley family pearling empire, Christine Bracher, has bought a home in the eastern Sydney suburb of Paddington for $8.01 million, The Sydney Morning Herald has reported.

The 40 year-old house, designed by architect Espie Dods, was sold off-market by The Agency’s Ben Collier.

The sale comes shortly after Ms Bracher sold her $16.75 million home in Bellevue Hill.

Christine Bracher. Photo: The Financial Review.

The house was last traded in 1992 for $765,000 when sold by company interests of the Arnotts biscuit family to Katharine Forster and Chief Justice of the Federal Court James Allsop. It has been owned by Forster and Emma Forbes since 2017.

The Paspaley’s are nationally and internationally known for being the world’s most important producer of cultured pearls, among other business ventures such aviation and marine services.

Ms Bracher is one of six grandchildren to Nicholas Paspaley, the founder of the Paspaley pearling business.

Source: Sydney Morning Herald

Irene Papas and Vangelis Papathanassiou honoured at the Oscars 2023

The Greek Herald
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Irene Papas and Vangelis Papathanassiou honoured at the Oscars 2023

Legendary Greek actress Irene Papas and Oscar-winning composer Vangelis Papathanassiou, who both passed away last year, were commemorated at the Oscars on Sunday night.

The ‘In Memoriam’ segment is one of the Oscars’ most cherished traditions as it honours industry veterans who have died over the course of the year.

Papas passed away at the age of 96 last year. The actress starred in over 70 films in a career spanning more than 50 years.

In 1961, Pappas starred in The Guns of Navarone and in 1964 in Cacoyannis’ Zorba the Greek, which catapulted her into international stardom. One of her last film appearances was in Captain Corelli’s Mandolin in 2001.

Vangelis Papathanassiou, known globally as Vangelis, died in Paris at the age of 79 last year.

Vangelis is best-known for writing the unforgettable Academy Award-winning score for the film Chariots of Fire. He also scored the soundtracks for Ridley Scott’s Blade Runner (1982), Roman Polanski’s Bitter Moon (1992), and Oliver Stone’s Alexander (2004), among many others.

Both are among a long list of other iconic stars which featured in the ‘In Memoriam’ video including Olivia Newton John, who died in August 2022 after a long battle with breast cancer.

New President of Cyprus pays first official visit to Greece

The Greek Herald
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New President of Cyprus pays first official visit to Greece

Greece’s Prime Minister, Kyriakos Mitsotakis, welcomed Nikos Christodoulides to Athens on Monday for his first official visit as newly-elected president of Cyprus.

According to Ekathimerini, Mitsotakis expressed to Christodoulides that Greece would continue to work with Cyprus to find resolutions for the Cyprus issue.

“Talks on the Cyprus issue must restart, with possibly greater European involvement,” Mitsotakis said.

“Crucial issues that concern Greece and Cyprus” will be the focus of the upcoming European Council to be held March 23-2, Mitsotakis added.

Sakellaropoulou: Cyprus issue remains a concern

Greece’s President, Katerina Sakellaropoulou, also welcomed Christodoulides to the Presidential Mansion in Athens on Monday.

“The Cyprus issue is a constant concern and a top national priority of Greek foreign policy,” Sakellaropoulou said during their meeting.

Christodoulides meets with Sakellaropoulou. Photo: Ekathimerini.

“The common goal of our countries, as always, is that of reaching an agreed solution based on the decisions of the United Nations Security Council.”

In response, Christodoulides said: “We will do everything humanly possible to break through the deadlock, to achieve the goal of liberating and reuniting Cyprus on the basis of the agreed framework. And it is within this context that we believe that the European Union can play a decisive role.”

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