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841. AKEL's bold demand: Tax bank profits to power people's pockets

The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....

842. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

843. Senator Menendez condemns attack on UN peacekeepers in Pyla

The attack on UN peacekeepers in the dead zone in Pyla was a completely unacceptable violation of international law, and the United Nations Security Council should promptly pass a resolution condemning the recent assault on Cypriot territory, stated Robert Menendez, the President of the Committee on Foreign Relations of the U.S. Senate, during his speech at the World Conference of Cypriots in the Diaspora at the Presidential Palace....

844. Tepco plant discharges radioactive water into Pacific

Japan has begun discharging more than 1m tonnes of tainted water into the Pacific Ocean from the wrecked Fukushima Daiichi nuclear power plant in a move that has prompted China to announce an immediate blanket ban on all seafood imports from Japan and sparked anger in nearby fishing communities....

845. Electricity supply disruption leaves occupied areas in darkness

In a recent development, several regions within the occupied territories are currently facing power outages due to a disruption in the electricity supply originating from the Electricity Authority of Cyprus (EAC), according to reports in the local Turkish-Cypriot newspapers....

846. Cyprus converts ship to boost natural gas integration

Good news has emerged regarding the development of the LNG Terminal in Cyprus and the introduction of Natural Gas to the region. The conversion of the ETYFA ship Prometheus into a floating LNG regasification and storage unit (FSRU) is now finished....

847. Cyprus inflation drops from 10.6% to 2.4%

The annual inflation rate in Cyprus was 2.4% in July 2023 (dropping from 2.8% in June 2023 and from 10.6% in July 2022), while also dropping to 5.3% in the eurozone (from 5.5% in June and 8.9% in July 2022), and to 6.1% in the EU (from 6.4% in June and 9.8% last year), according to figures published by Eurostat, the statistical office of the European Union....

848. Japan to release treated radioactive water from Fukushima plant

After months of controversy and anticipation, Japan is set to begin releasing treated radioactive wastewater from its Fukushima nuclear plant later this week despite fierce objections from some countries....

849. Diaspora conference kicks off with over 300 delegates

The World Conference of Cyprus Diaspora has commenced, gathering more than 300 delegates from various corners of the world. The event, which began on Tuesday afternoon, is scheduled to run until August 25th....

850. Mandatory EV charging points in buildings by 2025

Energy agency imposes deadline for non-residential buildings amid infrastructure push...

851. City of Dreams Mediterranean partners with Cablenet

852. Energy gamble or gain? Cyprus' big plans under scrutiny

The reluctance of the European Investment Bank (EIB) to financially support a part of the project, such as the Israel-Cyprus-Greece electric cable, should strongly concern Cyprus regarding its energy plans. ...

853. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

854. US eases defense trade rules for Cyprus in 2024

The US Secretary of State has lifted the Defense Trade Restrictions on the Republic of Cyprus for the fiscal year 2024....

855. Scientists uncover ultra-strong lightweight material

Galvorn is stronger than steel, lighter than aluminum, and has the conductivity of copper, according to an article on LinkedIn....

856. Cost of living up as prices show increase of 2.4% in a year

In an announcement on its official website, CyStat shared that the cost of living, or how much things cost, has gone up in Cyprus. ...

857. Water stress looms over Cyprus as part of global crisis

Cyprus is among the 25 countries facing extremely high water stress each year, the World Resources Institute (WRI) said in a recent study. In total, these countries are home to a quarter of the Earth's population, while at least 50% of the world's population - some 4 billion people - is under highly water-stressed conditions for at least one month of the year....

858. EU's solar climb to 2030 green triumph

The rapid expansion of solar power is propelling most EU countries toward achieving their 2030 renewable energy goals ahead of schedule, according to new data. This development is boosting optimism in global emission reduction efforts....

859. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

860. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

861. Downed power line suspected in fatal Maui wildfires

Awakened by howling winds that tore through his Maui neighborhood, Shane Treu went out at dawn and saw a wooden power pole suddenly snap with a flash, its sparking, popping line falling to the dry grass below and quickly igniting a row of flames. ...

862. Tourism's dynamic future: Adapting to change from within

It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....

863. Loan denial sparks debate over EuroAsia electricity project

The European Investment Bank's (EIB) recent refusal to grant a loan for the EuroAsia Interconnector Electric Interconnector project has ignited a heated debate over the future of the ambitious energy initiative....

864. Futuristic refueling as London's gas-free Shell station sets a new standard

One London gas station has totally reimagined what a refueling area can look like....

865. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

866. Turkish drillship sets sail amidst Mediterranean tensions

Turkish Energy Minister Alparslan Bayraktar has announced a new mission in the Mediterranean of the Abdulhamid Han drillship, which is the latest addition to the Turkish Petroleum Company’s (TPAO) exploration fleet....

867. Havana Calling: Cuban Night at Le Sundeck Robuchon

This August 15th, prepare yourselves for a celebration out of the ordinary with the sounds and taste of the Caribbean. Le Sundeck Robuchon, the lounge bar in the heart of the commercial zone of Ayia Napa Marina, is getting ready for another magical music evening and on Tuesday, August 15th, it will take you on an express trip to Cuba! ...

868. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

869. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

870. Is there a need for radical changes in civil protection?

The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...