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12° Nicosia,
12 August, 2026
 

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Displaying results 1-30 of 189 matches for query billions.

1. Meta slapped with massive $942 million bill over harm to children

https://knews.kathimerini.com.cy/en/news/meta-slapped-with-massive-$942-million-bill-over-harm-to-children

For parents who have spent years telling their children to get off Instagram and put down their phones, a landmark U.S. court ruling may sound very familiar....

2. French investor throws its weight behind Cyprus-Greece power cable

https://knews.kathimerini.com.cy/en/news/french-investor-throws-its-weight-behind-cyprus-greece-power-cable

After months of uncertainty over whether the much-discussed electricity cable between Cyprus and Greece would actually move forward, a major French investor has entered the picture, and it is taking control....

3. Shell cashes out of Aphrodite as Cyprus still waits for first gas

https://knews.kathimerini.com.cy/en/news/shell-cashes-out-of-aphrodite-as-cyprus-still-waits-for-first-gas

Shell is leaving Cyprus’ Aphrodite gas field in a deal worth as much as $720 million, handing its share to Hungary’s MOL Group before the long-delayed project receives its final investment approval....

4. Cyprus is betting big on Egypt, then a drone struck one of its key energy ports

https://knews.kathimerini.com.cy/en/news/cyprus-is-betting-big-on-egypt-then-a-drone-struck-one-of-its-key-energy-ports

Cyprus is investing billions in becoming a gas exporter, but that future depends on regional stability, and that stability is looking increasingly fragile....

5. Digital Agenda Cyprus Summit 2026 – ''AI Wars''

https://knews.kathimerini.com.cy/en/news/digital-agenda-cyprus-summit-2026-–-ai-wars

The Digital Agenda Cyprus Summit returns in 2026 with one of the most timely and critical themes of our era: the global battle for power surrounding Artificial Intelligence (AI)....

6. Hotels may be busy, but Cyprus is earning far less from tourism

https://knews.kathimerini.com.cy/en/business/hotels-may-be-busy-but-cyprus-is-earning-far-less-from-tourism

The beaches are busy, hotel pools are full, and flights continue to arrive, but Cyprus' tourism industry is earning significantly less money than it did this time last year....

7. New electric vehicle subsidy scheme expected in 2027

https://knews.kathimerini.com.cy/en/news/new-electric-vehicle-subsidy-scheme-expected-in-2027

Although electromobility continues to gain popularity among both consumers and car importers in Cyprus, the Government does not plan to announce a new subsidy scheme before the end of the year....

8. ''State of law or state of the internet?'' Anastasiades rejects corruption findings and calls for criminal probe

https://knews.kathimerini.com.cy/en/news/state-of-law-or-state-of-the-internet-anastasiades-rejects-corruption-findings-and-calls-for-criminal-probe

Former President Nicos Anastasiades strongly criticized the Independent Authority Against Corruption during a press conference where he responded to the findings of the Mafia State report....

9. Energy projects stuck in limbo due to political interference, minister says

https://knews.kathimerini.com.cy/en/news/energy-projects-stuck-in-limbo-due-to-political-interference-minister-says

The presence of Energy Minister Giorgos Papanastasiou at this year’s Green Agenda forum, and what he revealed about the de facto framework governing major public contracts, understandably caused a stir. ...

10. Nicos Anastasiades and ethics

https://knews.kathimerini.com.cy/en/news/nicos-anastasiades-and-ethics

Socrates Hasikos once told me, on a February morning in 2015, as he sat behind his ministerial desk, half-joking and half-serious: ''I've told Anastasiades this...Mr. President, you've set the bar for ethics so high that in the end, we may end up walking underneath it.''...

11. World Cup 2026: “All matches lead to ALPHAMEGA”

https://knews.kathimerini.com.cy/en/news/world-cup-2026-all-matches-lead-to-alphamega

The world’s biggest football event is back and ready to captivate billions of fans across the globe. And since every great match needs the perfect teammates, Alphamega Hypermarkets are kicking off the World Cup with a packed schedule of offers, prizes and surprises designed to keep the fun score climbing....

12. Online abuse becoming part of daily life for Europe’s teenage girls

https://knews.kathimerini.com.cy/en/news/online-abuse-becoming-part-of-daily-life-for-europe-s-teenage-girls

A study presented during a conference in Nicosia has found that online abuse has become a routine part of daily life for many teenage girls across Europe, with researchers warning that cyber violence now affects girls on a massive scale....

13. Cyprus government offers 72-month tax debt plan as billions in old debts loom

https://knews.kathimerini.com.cy/en/news/cyprus-government-offers-72-month-tax-debt-plan-as-billions-in-old-debts-loom

The government is rolling out a new 72-installment plan to help individuals and businesses settle long-standing debts to the tax office and social security funds, in one of its biggest debt restructuring moves in years....

14. In Cyprus, ''on budget'' is the exception, not the rule

https://knews.kathimerini.com.cy/en/business/in-cyprus-on-budget-is-the-exception-not-the-rule

In Cyprus, the doubling of the cost to complete the Paphos–Polis Chrysochous road is being seen by analysts as less of an exception and more like the rule in a public works system under strain....

15. €150m controversy: HIO denies wrongdoing, says funds were never at risk

https://knews.kathimerini.com.cy/en/news/€150m-controversy-hio-denies-wrongdoing-says-funds-were-never-at-risk

Cyprus’ Health Insurance Organization (HIO) is rejecting allegations of mismanagement and double payments within the national health system, insisting that the finances of the GeSY health fund remain fully protected despite reports suggesting otherwise....

16. US to pay nearly $1 billion to kill wind project just as oil prices skyrocket

https://knews.kathimerini.com.cy/en/news/us-to-pay-nearly-$1-billion-to-kill-wind-project-just-as-oil-prices-skyrocket

In an almost too ironic twist, the Trump administration announced it will pay French energy giant TotalEnergies nearly $1 billion to scrap plans for offshore wind farms on the US East Coast, just as global oil and gas prices spike due to the conflict in Iran....

17. OnlyFans owner Leonid Radvinsky dies at 43 after cancer battle

https://knews.kathimerini.com.cy/en/business/onlyfans-owner-leonid-radvinsky-dies-at-43-after-cancer-battle

Leonid Radvinsky, the billionaire owner of the adult content platform OnlyFans, has died after a long battle with cancer, the company announced Monday. He was 43....

18. Nicosia tells Europe: cities know what people actually need

https://knews.kathimerini.com.cy/en/news/nicosia-tells-europe-cities-know-what-people-actually-need

Ever wondered who actually fixes the potholes, deals with housing shortages, or scrambles during a heatwave? City halls do. And this week, Europe’s capital city mayors came together to remind Brussels of exactly that....

19. Billions in gas, years of waiting, Americans back on

https://knews.kathimerini.com.cy/en/news/billions-in-gas-years-of-waiting-americans-back-on

2026 is shaping up as a pivotal year for the Republic of Cyprus’ energy program, with developments related both to hydrocarbon deposits in Cyprus’ Exclusive Economic Zone (EEZ) and to the broader energy picture in the Eastern Mediterranean beginning to take concrete shape as planning moves forward....

20. EU warns TikTok is designed to be addictive, and that could be illegal

https://knews.kathimerini.com.cy/en/news/eu-warns-tiktok-is-designed-to-be-addictive-and-that-could-be-illegal

The European Union is taking aim at the way TikTok is built, warning that the app’s design appears to push users into compulsive scrolling and may violate EU law....

21. After 25 years, EU moves ahead with massive South America trade deal

https://knews.kathimerini.com.cy/en/news/after-25-years-eu-moves-ahead-with-massive-south-america-trade-deal

After 25 years of tough, stop-and-go negotiations, EU countries on Friday moved closer to sealing a massive trade deal with South America, an agreement that could reshape markets for Cypriot farmers, food producers, and exporters....

22. EU backs €90B Ukraine loan but won’t touch frozen Russian billions...yet

https://knews.kathimerini.com.cy/en/news/eu-backs-€90b-ukraine-loan-but-won-t-touch-frozen-russian-billions-yet

After nearly six hours of intense talks and many more behind the scenes, EU leaders walked away from a plan that sounded simple but proved legally explosive: using frozen Russian money to pay for Ukraine’s war effort....

23. Russia sues Europe for $230B over frozen billions for Ukraine

https://knews.kathimerini.com.cy/en/news/russia-sues-europe-for-$230b-over-frozen-billions-for-ukraine

Russia has launched a major legal challenge against Europe, filing a $230 billion lawsuit against financial services firm Euroclear over Russian state assets frozen since the start of the war in Ukraine....

24. Europe could enter 2028 without a budget, Cyprus steps in

https://knews.kathimerini.com.cy/en/news/europe-could-enter-2028-without-a-budget-cyprus-steps-in

Europe risks entering 2028 without an agreed budget, putting billions of euros for farming, defense, innovation, and support for Ukraine in jeopardy. ...

25. U.S. now penniless after more than 230 years

https://knews.kathimerini.com.cy/en/business/u-s-now-penniless-after-more-than-230-years

America’s penny has officially punched out. After 230 years of jingling in pockets, collecting dust in jars, and costing more to make than it’s worth, the 1-cent coin is out of production....

26. Two states, one federation… and a suitcase of lies

https://knews.kathimerini.com.cy/en/comment/opinion/two-states-one-federation…-and-a-suitcase-of-lies

The president seems a little on edge after Erhurman’s election. He insists, as always, that everyone will be judged at the negotiating table. Whether that should worry us, I’m not sure....

27. Prison CEOs and billion-Euro blunders

https://knews.kathimerini.com.cy/en/comment/opinion/prison-ceos-and-billion-euro-blunders

We’re the only country where prisoners run legitimate business ventures, and we even pay guards to watch over them and give extra ''security'' for their little enterprises. ...

28. Graham Fink on the Future of Creativity: ''AI isn’t a tool, it’s a collaborator''

https://knews.kathimerini.com.cy/en/news/graham-fink-on-the-future-of-creativity-ai-isn-t-a-tool-it-s-a-collaborator

British creative director and visual artist Graham Fink offered a thought-provoking look at creativity in the age of artificial intelligence during his talk at the 8th Annual Digital Agenda Summit in Nicosia....

29. Pensions without age limits

https://knews.kathimerini.com.cy/en/comment/opinion/pensions-without-age-limits

We are told that the social insurance system is strictly contributory. You get back what you pay in. Except, of course, for state officials, who collect generous pensions without ever having made equivalent contributions. ...

30. Cyprus seeks U.S. military equipment, joins EU defense program

https://knews.kathimerini.com.cy/en/news/cyprus-seeks-u-s-military-equipment-joins-eu-defense-program

The Cyprus National Guard is preparing to expand its arsenal with U.S. military aircraft, helicopters and armored vehicles, part of a broader effort to modernize its forces and deepen defense ties with Washington and the European Union....

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