France and Spain are racing to contain major wildfires before another period of extreme heat raises the risk of renewed outbreaks, after fires forced hundreds of thousands of residents and tourists to leave threatened communities. Firefighters have made progress against several of the largest blazes, but authorities warn that persistent
BILBAO, Spain — Spanish energy company Iberdrola has agreed to acquire an 80% stake in Caruna, Finland’s largest electricity distribution company, in a transaction valuing the business at approximately $5.8 billion, including debt. The acquisition marks one of the company’s largest recent investments in regulated electricity networks as utilities across
BRUSSELS — The European Commission has approved a landmark €63 billion (approximately US$74 billion) French state aid program to accelerate the development of offshore wind energy, clearing the way for one of Europe’s largest renewable energy investments and reinforcing the EU’s drive toward energy security, industrial competitiveness and net-zero emissions.
European powers deepen Gulf security cooperation as global trade routes remain under pressure The United Kingdom, France and Oman have announced a new agreement to strengthen maritime security in Oman’s territorial waters, marking the latest international effort to protect one of the world’s most strategically important shipping corridors following months
Europe is confronting one of the most severe heat emergencies in its modern history, as record-breaking temperatures sweep across the continent, overwhelming hospitals, disrupting transportation, closing schools, and forcing governments to activate the highest levels of emergency response. What was once considered an extraordinary weather event is increasingly becoming a
As governments around the world rethink how to safeguard critical industries amid intensifying geopolitical competition, Portugal is preparing to join a growing number of nations deploying sovereign wealth funds as instruments of long-term economic strategy. Prime Minister Luís Montenegro has announced plans to establish a Portuguese sovereign wealth fund designed
A High-Stakes Vote for Economic Stability BRUSSELS — The European Parliament has approved legislation implementing a long-delayed trade agreement between the European Union and the United States, marking a significant effort to stabilize one of the world’s most consequential economic relationships and prevent a renewed transatlantic tariff war. The vote
BRUSSELS — In an era defined by economic uncertainty, geopolitical competition, and escalating climate impacts, the European Union is making an increasingly bold argument: investing in nature is not environmental philanthropy—it is one of the smartest economic investments Europe can make. At this year’s EU Green Week in Brussels, policymakers,
TIVAT, Montenegro — More than two decades after the European Union first promised a future within the bloc for the Western Balkans, European leaders gathered in Montenegro this week to deliver a renewed message: enlargement is back on the agenda. At a high-level summit in the coastal city of Tivat,
Powered by COPENHAGEN, Denmark — Norway has become the ninth European country to join France’s emerging nuclear deterrence initiative, marking another significant step in Europe’s effort to strengthen its own security architecture amid growing uncertainty about the future role of the United States in continental defense. The agreement was announced
