Spain
Europe’s record-breaking heat waves are driving spikes in demand for air conditioning
Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well […]
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World’s largest olive oil producer warns U.S. consumers of a double whammy from Trump tariffs
Bottles from the Spanish cooking and extra virgin olive oil brand Carbonell are seen displayed for sale at a supermarket. Sopa Images | Lightrocket | Getty Images Spain’s Deoleo, the world’s largest olive oil producer, says U.S. President Donald Trump’s threat to impose 30% tariffs on imports from the European Union could translate into higher […]
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UK Exchange newsletter: All aboard? A new crisis looms over Britain’s troubled rail system
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here. The dispatch Some 31 years after they were privatized, the U.K.’s railways […]
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Euro zone inflation edges higher, hitting ECB’s 2% target in June
A Carrefour supermarket in Perpignan in the Pyrenees-Orientales department in the south of France on Jan. 3, 2025. Jc Milhet | Afp | Getty Images Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat on Tuesday, meaning consumer prices in the single currency area are now in line […]
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Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target
U.S. President Donald Trump speaks during a press conference, at the NATO summit in The Hague, Netherlands, June 25, 2025. Brian Snyder | Reuters U.S. President Donald Trump on Wednesday said Spain’s refusal to meet the NATO defense spending target of 5% of gross domestic product will mean a tougher trade deal for the southern […]
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‘Time to get serious on defense’: A moment of truth for NATO as leaders seek unity on spending hike
The NATO summit in the Netherlands. Haiyun Jiang | Via Reuters It’ll be a moment of truth for NATO on Wednesday when the Western military alliance releases a joint statement on a heavily pushed and previewed collective defense spending hike. Allies have been corralled, cajoled and pressured to hike their defense expenditure from 2% to […]
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NATO wants allies to spend 5% of GDP on defense: This chart shows how hard it could be
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters Before this week’s annual NATO summit had even begun, allies reportedly agreed on Sunday to hike their defense spending to 5% of gross domestic product […]
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Miscalculation by Spanish power grid operator REE contributed to massive blackout, report finds
Employees stand inside a supermarket without lights in Burgos on April 28, 2025, during a massive power cut affecting the entire Iberian peninsula and the south of France. Cesar Manso | Afp | Getty Images Spanish grid operator REE’s failure to calculate the correct mix of energy was one of the factors hindering the grid’s […]
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Stocks making the biggest moves midday: Tesla, BioNTech, DraftKings, Steel Dynamics and more
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising […]
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Why Europe is pivoting back to nuclear — one of its most divisive energy sources
The Cofrentes nuclear power plant, on 17 October, 2024 in Valencia, Valencian Community, Spain. Europa Press News | Europa Press | Getty Images A European-wide shift to nuclear power appears to be gathering momentum as countries hedge their bets in pursuit of more energy independence. In just the last few weeks, Denmark announced plans to […]
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