The limited return of electricity to the Iberian Peninsula has revealed a more profound weakness within the area’s power infrastructure.Monday’s extensive and rapid power outage, which halted activity across much of Spain and Portugal, has generated considerable regional and international apprehension.Red Electrica (REE), Spain’s national grid operator, and Portugal’s E-Redes…
Brazil’s central bank has warned of a sharp drop in corporate profitability as the country’s aggressive monetary tightening begins…
The Mediterranean Sea is nearing a critical deadline set by the International Maritime Organization (IMO) to lower bunker fuel…
In a significant, albeit discreet, policy adjustment, China has reportedly created a list of specific US-made products eligible for…
Global automakers are dialling back profit forecasts and suspending guidance as tariff tensions, weakening margins from electric vehicles, and…
Heavy tariffs are poised to drastically reduce China’s used cooking oil exports to the United States, its main buyer,…
Thailand’s economy started the year with optimistic growth forecasts, but the story quickly turned gray.Almost halfway through the year,…
After prolonged struggles with declining sales and fading customer loyalty, Starbucks is on a mission to return to the…
A massive power outage in Spain and Portugal threw daily life into chaos on Monday. Public transport systems ground…