The authorities have arrested a 41-year-old mortuary transporter in the shocking case of the body of a newborn baby which was found in Nicosia General Hospital's mortuary rubbish bin, while Health Minister Pamborides promises that those responsible will be accountable for their actions. The transporter has denied any wrongdoing.

Police have arrested a 41-year-old Cypriot journalist and presenter from Larnaca on suspicion he possesses child pornography. The suspect is in jail pending the police investigation which has already uncovered 14 files on his hard drive, according to police spokesman Andreas Angelides. The hard drive and various other computers have been taken as evidence. 

The suspect has refused to answer questions, and is expected to appear in front of Nicosia district court on September 14th.

By FXTM Research Analyst Lukman Otunuga

The markets have woken up to another morning of woes over the China economy, as data released over the weekend pointed towards further signs of weakness for the Chinese economy.

Most market participants were already concerned about the slowing rate of growth in the world’s second largest economy, and the annualised Industrial Production data failing to meet expectations will further concerns. Not only was the figure at 6.1% lower than expected, but growth in fixed-asset investment is now reportedly at its weakest in 15 years.