Spanish Grid Denies Network Mismanagement on Day of Blackout
The operator 'performed the appropriate calculations and made the relevant decisions in the programming of technical constraints,' it said in a statement on Wednesday, adding that it did so 'always assuming that all units comply with the technical requirements established by regulations.' Generators failed to comply with a requirement to help stabilize the electricity system, Red said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
26 minutes ago
- CNBC
World's largest olive oil producer warns U.S. consumers of a double whammy from Trump tariffs
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 prices for U.S. consumers — as well as limited access to a superfood staple. Trump has threatened to raise tariffs on the 27-member bloc from Aug. 1, in what would mark a steep jump from the current 10% duty. The EU has long been scrambling to reach a trade deal with the U.S. and is considering its options ahead of Trump's deadline, including the prospect of countermeasures. Huge uncertainty persists over whether the U.S. and EU can strike a deal over the coming days, although a blockbuster framework agreement between the U.S. and Japan has raised hopes of a breakthrough. Deoleo, the maker of household olive oil brands such as Bertolli and Carbonell, told CNBC that the Trump administration's trade measures could have an impact on American consumers, particularly given limited U.S. production. "It is worth noting that approximately 95% of the olive oil consumed in the U.S. is imported, so such policies will affect end users," Deoleo CEO Cristóbal Valdés told CNBC by email. The Spanish company said the U.S. accounts for more than a quarter of its total revenue, making it a strategically important market. Around 40,000 acres (16,187 hectares) of olives are planted exclusively in the U.S. for olive oil production, according to the American Olive Oil Producers Association. By comparison, the EU is known to be the leading producer, consumer and exporter of olive oil, with roughly 4 million hectares (9.88 million acres) dedicated to the cultivation of olive trees across the region. Most of the world's supply of olive oil comes from the Mediterranean, with southern European countries such as Spain, Italy and Greece among the world's leading producers of the precious commodity. Spain, in particular, is the biggest olive oil producer in the EU and a global reference for prices. As part of its preparation for a higher tariffs rate, Deoleo's Valdés said the company intends to ramp up its communication, marketing and consumer engagement efforts to ensure olive oil remains an everyday staple. "Beyond institutional dialogue, we are strengthening our value proposition in the U.S. through consumer awareness campaigns about the benefits of olive oil and a renewed commitment to our brands—especially Bertolli, which today represents trust and consistency for American consumers," Valdés said. Deoleo's chief executive also said the olive oil producer would continue to keep all strategic options open, while working on logistics and supply chain improvements to respond to different market scenarios. "However, beyond tactical decisions, our main priority is to protect American consumers' access to a food product that is essential to their health. Access to olive oil should not be penalized — it should be promoted," Valdés said. As U.S. tariffs on EU goods first came into effect in early April, analysts at commodity data firm Expana warned that a reduction in U.S. olive oil imports could have "serious repercussions" for the global market. They cited market players as saying that such a shift could create a supply glut in the EU, leading to further downward price pressure and intensifying competition among producers. It's not just olive oil exporters that have been rattled by Trump's latest tariff threats, however. Irish whiskey firms, Italian cheesemakers and French wine producers are among those who have sounded the alarm over the potential impact.
Time Business News
an hour ago
- Time Business News
Xenonstore Expands Educational Reach
As the cryptocurrency market continues to evolve and attract a diverse global user base, Xenonstore, a trading platform focused on digital assets, has announced the development of a new suite of educational tutorials tailored for traders at all levels. This initiative reflects the company's broader commitment to empowering users with practical knowledge, market literacy, and self-driven trading strategies in the ever-changing world of crypto finance. The rise in interest toward cryptocurrencies has brought both new opportunities and complex learning curves for market participants. From price volatility and tokenomics to blockchain mechanics and decentralized finance, the knowledge gap between seasoned traders and curious beginners remains significant. Recognizing this need, Xenonstore has decided to invest in a robust learning framework that helps users bridge the gap and develop informed decision-making capabilities. The tutorial series will be structured to offer content across various learning levels—from foundational cryptocurrency concepts and blockchain basics to advanced trading strategies and analytical tools. By offering content in tiered formats, Xenonstore ensures that both novices and experienced traders can benefit from material suited to their skill levels and interests. Each tutorial will feature clear, concise explanations, real-world case studies, and interactive elements designed to reinforce key concepts. The content will also cover the practical use of platform features, including order types, chart analysis, position management, and portfolio tracking. With the increasing complexity of crypto financial products, tutorials will also introduce users to topics such as yield farming, liquidity provision, token staking, and smart contract interaction. Rather than isolating education into a static library, Xenonstore plans to embed learning directly within the trading environment. Users will be able to access tutorials contextually—whether they are setting up a trade, reviewing technical indicators, or researching a new coin. This integration allows learning to be timely, relevant, and actionable. In recognition of its international user base, Xenonstore is preparing to release its educational content in multiple languages, including English, Spanish, Mandarin, and Arabic. This multilingual strategy ensures that users from different regions can access the materials in their native languages, fostering a more inclusive and localized educational experience. Additionally, the platform will support different learning formats such as written guides, explainer videos, and live webinars. These formats aim to cater to a wide variety of learning preferences, making the content as engaging and impactful as possible. Xenonstore's tutorial initiative is rooted in the belief that informed users are more likely to succeed and remain engaged over the long term. By helping traders understand the mechanics behind the assets they trade, the company encourages critical thinking and long-term strategy over reactive speculation. The content also aims to demystify common misconceptions around crypto investing and clarify the real-world implications of trading behaviors. By breaking down market trends, regulatory considerations, and blockchain developments, the tutorials will serve as a trusted resource in a field often clouded by misinformation. This emphasis on education complements Xenonstore's platform functionality, giving users not only the tools to trade but also the insights to use those tools effectively. Whether a user is exploring decentralized finance or navigating technical chart patterns, the tutorials are designed to reinforce clarity and confidence. From a platform development perspective, the tutorial rollout is expected to improve user engagement metrics and foster higher platform retention. As users grow in knowledge and trading confidence, they are more likely to explore advanced features, engage with more complex instruments, and develop a consistent usage pattern. Xenonstore's move also aligns with a broader trend within fintech, where education is increasingly seen as a critical differentiator. By proactively addressing the learning curve associated with digital assets, the company strengthens its position not only as a service provider but as a thought leader and partner in the user's growth journey. Xenonstore's focus on education comes at a time when the cryptocurrency industry is undergoing rapid institutionalization, regulatory scrutiny, and mainstream adoption. Amid these shifts, equipping traders with accurate knowledge and practical skills becomes a foundational component of responsible market participation. The tutorial series will be regularly updated in response to market changes, new asset classes, and emerging technologies. This agile content model ensures that users remain current with the latest developments and are prepared to adapt their strategies in a fast-paced trading landscape. Xenonstore is a cryptocurrency trading platform committed to providing access to digital asset markets for retail and institutional clients alike. The company offers trading services, analytical tools, and user-centered features aimed at enhancing participation in the blockchain economy. With a global outlook and a focus on technological innovation, Xenonstore continuously works to build a platform that adapts to the needs of modern crypto traders. TIME BUSINESS NEWS
Business Upturn
2 hours ago
- Business Upturn
Marcus Rashford reveals the reason behind leaving; Speaks on Amorim's Man United
Marcus Rashford has made it to Barcelona as he has signed for the club for a season long loan + buy option. By Ravi Kumar Jha Published on July 24, 2025, 08:37 IST Last updated July 24, 2025, 08:38 IST Marcus Rashford has made it to Barcelona as he has signed for the club for a season long loan + buy option. Barcelona wanted a winger lately and after Nico Williams and Luis Diaz, the only option left was Marcus Rashford. Rashford reveals the reason of leaving Red Devils after signing for Barca yesterday. Ruben Amorim doesn't see Rashford in his plans and thus he asked him to leave the side. Marcus Rashford has officially joined FC Barcelona on a season-long loan deal, which includes an option to buy. The Spanish giants were on the lookout for a winger this summer and, after failed pursuits of Nico Williams and Luis Díaz, they turned to the Manchester United forward as their final option. Rashford completed his move to Barcelona yesterday and was unveiled by the club shortly after. The England international shared his thoughts on leaving Manchester United, a club where he rose through the ranks and made his name. 'The situation with United is the club is in a period of change and they have been for a while, so I don't have anything bad to say about Manchester United. I'm grateful for the opportunity to play for them,' Rashford said in his first words as a Barcelona player. New United boss Ruben Amorim reportedly made it clear that Rashford was not part of his plans for the upcoming season, prompting the forward to consider opportunities elsewhere. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
