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RIO DE JANEIRO Jordan Matthews Jersey , March 31 (Xinhua) -- Brazil's Federal Police said Monday they have arrested 23 people and seized nearly 4 tons of cocaine as part of a long-running anti-narcotics operation.
The campaign targets Santos Port, the country's largest port facility, and involves a total of 46 arrest warrants and 80 search warrants, police said.
Investigations which started last year determined that two different criminal gangs were shipping cocaine to Europe, Africa and the Caribbean aboard ships sailing from the port, police commissioner Reinaldo Sperandio told a news conference.
Since the beginning of the month, officials have seized 3.7 tons of cocaine Jeremy Hill Jersey , 230,000 euros (316,779 U.S. dollars) in cash, 10 vehicles, a boat and 21 firearms.
The drugs were bought in Bolivia and smuggled into Brazil through its border with Paraguay. From there, it was transported to Sao Pulo state, where Santos Port is located Cyrus Jones Jersey , and then shipped overseas.
NICOSIA, Aug. 29 (Xinhua) -- Bank of Cyprus (BOC), the bailed-out island's primary lender, posted a net loss of 554 million euros (666 million U.S. dollars) on Tuesday for the first six months of the year, on account of an increase in provisions for non-performing loans.
BOC said in a statement posted on the Cyprus Stock Exchange website that this compared with a profit of 54 million euros during the same period of 2016.
It announced that it had increased its provisions for loan impairments to 727 million euros -- 614 million euros in the second quarter and 113 million euros in the first quarter -- compared with a provision totaling 180 million euros in the respective period of 2016.
BOC, like all other Cypriot banks, was hit by a wave of non-performing loans after it was resolved in March 2013 Jordan Richards Jersey , as part of Cyprus's 10-billion-euro bail-out by the Eurogroup and the International Monetary Fund (IMF).
The lender was forced to seize 47.5 percent of uninsured deposits over 100,000 euros to recapitalize, thus introducing the term "bail-in" to monetary terminology.
The bank's traditional owners, mostly local institutions and individuals, were succeeded by its creditors, who were mostly Russian and Ukrainian oligarchs.
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