Grounded subways, canceled flights, stores, hospitals, and offices completely in the dark: This is the situation following the vast blackout that hit Spain, Portugal, and some regions of southern France. The power grid was sent down around noon local time on Monday, simultaneously blocking all public services in major Spanish cities. The restoration of the…
At 12:30 pm local time on Monday, the power went out. Across Spain and Portugal trains, planes, and traffic lights abruptly stopped working. Reports emerged of people being stuck in lifts, and Google Maps live data showed traffic jams in big cities, including Madrid and Barcelona, as they became gridlocked. Major airports warned passengers of…
Polish Minister of Finance Andrzej Domanski on January 21, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The U.S. remains Europe’s most important ally, Poland’s finance minister told CNBC Tuesday, saying it was crucial for the bloc to find areas where it can increase trade and cooperation. He highlighted defense…
A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spanish lender Banco Santander has eclipsed Swiss giant UBS as continental Europe’s largest bank by market capitalization, as U.S. tariffs ripple through the region’s bruised banking sector. UBS — whose share took a deep tumble after the April 2 announcement of U.S….
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European…
SEIZED OZEMPIC, WEGOVY AND OTHER WEIGHT LOSS DRUGS AT JFK AIRPORT’S INTERNATIONAL MAIL FACILITY. CNBC COPENHAGEN, Denmark — Europe’s pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by U.S. President Donald Trump fade. The pharmaceutical industry has until now been exempt from trade levies, but Trump…
A general view of the headquarters of SAP AG, Germany’s largest software company on January 8, 2013 in Walldorf, Germany. Thomas Lohnes | Getty Images News | Getty Images Software-maker SAP became Europe’s most valuable company this week, riding a wave of artificial intelligence enthusiasm and German stock market gains. The company had a market…
Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the…
Frank Gardner Security correspondent, BBC News EPA Whatever words are used to frame the plans emerging from Sunday’s summit of 19 mainly European leaders in London – ceasefire, truce or peace plan – the challenges ahead are enormous. The UK’s Prime Minister Keir Starmer, along with French President Emmanuel Macron, hope this will be the…
Relations between Europe and the US are unquestionably in crisis, so merely keeping things together as French President Emmanuel Macron did at the White House on Monday stands as an achievement. He did that by praising, flattering and gently cajoling the US president as they took questions in the Oval Office and held a joint…
