United States

Isla Binnie

Iberdrola, PNM to create $20 billion U.S. clean powerhouse

Oct 21 2020

MADRID Spain's Iberdrola announced a deal worth $8.3 billion including debt on Wednesday, adding PNM Resources to its Avangrid business to create the third-largest U.S. renewable energy operator.

Iberdrola pledges more growth as nine-month profit rises 4.7%

Oct 21 2020

MADRID Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year.

Sunny outlook for Spain's first post-pandemic IPO

Oct 19 2020

MADRID Spanish solar equipment maker Soltec has seen keen investor interest for a stock listing it hopes will benefit from global economic rebuilding after the coronavirus crisis, its chief executive said on Monday.

EU funds drive rethink in East Europe on climate, says Timmermans

Oct 16 2020

LONDON/MADRID East European nations are thinking more seriously about how to reduce carbon emissions to make use of a 750 billion euro ($880 billion) European Union economic recovery fund, the EU's top climate official said on Friday.

Spain brings military discipline to COVID-19 contact tracing

Oct 08 2020

MADRID Various European countries have used their armies for logistical support in tackling COVID-19, but hard-hit Spain is now bringing military discipline to a process that health experts say is key in stemming the spread of the pandemic: contact tracing.

Spain approves hydrogen strategy to spur low-carbon economy

Oct 06 2020

MADRID Spain approved on Tuesday a plan to boost clean hydrogen production, aiming to build enough infrastructure to give it a major role in Europe's market for a fuel seen as key to meeting international carbon emissions targets.

Private equity bid taken up by 86% of MasMovil shareholders

Sep 17 2020

MADRID A large majority of shareholders in Spanish telecoms firm MasMovil have accepted a private equity bid to take it private in the first major deal of its kind since the coronavirus pandemic struck, the stock market regulator said on Thursday.

Spain's COVID tracing app tries to balance public health with privacy

Sep 17 2020

MADRID "What does RadarCOVID not do?" a promotional video for Spain's contact-tracing app asks. The answer: while navigating the country's decentralised healthcare system, it does not locate users, identify them, record personal details, or send data.

World News

U.S. urges diplomacy as Nagorno-Karabakh fighting rages

U.S. Secretary of State Mike Pompeo urged Armenia and Azerbaijan to pursue a diplomatic solution to the Nagorno-Karabakh conflict as fighting in and around the mountain enclave entered a second month on Tuesday, defying a ceasefire brokered in Washington.