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☆ In a Global Cycling Capital, Riders Fear Becoming Crime Victims
▼ + stars: | 2024-04-13 | by ( James Wagner | Nathalia Angarita | ) www.nytimes.com time to read: +1 min

Bicycles are an essential part of the Colombian identity — ubiquitous, cheaper and, in some urban communities, often a faster way to get around. No Colombian city embodies riding on two wheels more than the capital, Bogotá, where the metropolitan area of nearly 11 million inhabitants has no subway system and some of the world’s worst traffic jams. The city has over 1.1 million bicycles, according to officials, and records nearly 900,000 bicycle trips per day. But a number of robberies and assaults of cyclists this year have left many riders in Bogotá on edge. A recent news report estimated that a bicycle was stolen in the capital every 42 minutes and small gangs of thieves have targeted cyclists.

Persons: “, ”, Carlos Fernando Galán Organizations: Bogotá’s Locations: Bogotá

☆ One of the world’s highest cities starts rationing water as reservoirs fall to critical levels
▼ + stars: | 2024-04-11 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

But this marks the first time in recent history that Bogotá has been forced to implement water rationing measures. Mayor Carlos Galán announced that water rationing measures for Bogotá would begin on April 11. El Niño is a natural climate pattern originating in the Pacific Ocean along the equator, which influences weather around the globe. In a country as politically divided as Colombia, the urgency of addressing El Niño is a rare point of consensus. Bogotá’s water rationing plans have been supported by the country’s president, who has historically had a testy relationship with the city’s mayor.

Persons: Colombia CNN —, Montgomery Burns, “, El Niño, Ivan Valencia, Carlos Fernando Galán, ” Galán, It’s, El, Bogotá, Magdalena, ”, Armando Sarmiento, Sarmiento, Mayor Carlos Galán, Fernando Vergara, Niño, Susana Muhamad, ” CNN’s Heather Law, Ana Melgar Organizations: Colombia CNN, ”, Bogotá’s Javeriana University, CNN, Bogotá, El Niño Locations: Bogotà, Colombia, Bogotá, San Rafael, El, Colombian, Latin America, Mexico City, Magdalena, Colombia’s, Bogota, Mayor, Sarmiento

☆ Colombia’s capital Bogotá to ration water as El Niño adds to drought
▼ + stars: | 2024-04-09 | by ( Heather Law | Ana Melgar | ) edition.cnn.com time to read: +2 min

CNN —Colombia’s capital, Bogotá, will begin rationing water this week as several of its reservoirs face unprecedented lows amid a drought made worse by the El Niño climate pattern. Speaking to the media on Monday, Bogotá Mayor Carlos Fernando Galán said reservoirs had reached “historically low” levels and been worsened by El Niño, which causes high temperatures and impedes precipitation. The country and region have experienced long periods without rain since June 2023 due to El Niño, the city wrote on its official website. The plan will see nine different zones take turns rationing water services. Each zone’s water restrictions will begin at 8 a.m. local time and last 24 hours before shifting to the next zone in line.

Persons: Carlos Fernando Galán, El Niño, Gustavo Petro, El, Galán, ” Organizations: CNN, Bogotá Locations: Bogotá, El, Colombia, Mexico, Mexico City

☆ Travel news: These are the global airports passengers love the most
▼ + stars: | 2024-03-16 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

CNN —In travel news this week: passenger–pleasing airports, cool streets around the world, France’s frog-leg crisis and Ireland’s best food and drink. World’s best airportsThe busy beavers at Airports Council International have gathered nearly 600,000 surveys from travelers at more than 400 airports around the world and have revealed the passengers’ favorites. What’s Japan’s most international city? DenisTangneyJr/iStockphoto/Getty Images Topeka, Kansas: Choose Topeka doesn’t just focus on remote workers. Ron Buskirk/Alamy Stock Photo Rochester, New York: The Greater ROC Remote program offers $10,000 in grants and incentives (plus another $9,000 for home-buying grants).

Persons: South Carolina • Gerald R, Mohammed, Patrick’s, you’ll, –, Saint Patrick, ”, they’ve, John Hope Franklin, Tyler Layne, Ali Majdfar, Roberto Galan, Ron Buskirk, Denis Tangney Jr, Walter Bibikow, Ann Arbor, Paul Brady, Titanic, “ It’s Organizations: CNN, Council International, Spartanburg International, Ford International, Mohammed V International, Turkey • Guayaquil International, Salalah, Oman • Sultan Hasanuddin International, Green, of, US Centers for Disease Control, John Hope Franklin Reconciliation, Getty Images, Topeka doesn’t, Getty, Shoals, ROC Remote, Images, Miami Beach Locations: Greenville, South Carolina, Michigan, Rome, Italy, Morocco • Izmir Adnan Menderes, Turkey, Ecuador, Oman • Sultan, Indonesia • Yogyakarta, Indonesia, Asia, Tokyo, Spain, Valencia, of Europe, Happy, Ireland, South Korea, Tulsa , Oklahoma, Tulsa, Tulsa West Virginia, New, West Virginia, Getty Images Indiana, Evansville, Getty Images Topeka , Kansas, Topeka, Kentucky, Mayfield, Graves, Alabama, Tuscumbia, Rochester , New York, Images Alaska, Alaska, Sitka, Getty Images Michigan, Ann

☆ Renewable companies are being penalised with taxes, says Iberdrola exec chairman
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenewable companies are being penalised with taxes, says Iberdrola exec chairmanIgnacio Galán, executive chairman of Spanish utility Iberdrola, discusses the outcomes of COP28 and the future of the energy industry.

Persons: Ignacio Galán

☆ Iberdrola and Masdar to invest $16 billion in green energy
▼ + stars: | 2023-12-05 | by ( Pietro Lombardi | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Iberdrola SA FollowRwe Ag FollowMADRID, Dec 5 (Reuters) - Spanish renewable energy giant Iberdrola (IBE.MC) and UAE clean energy developer Masdar have formed a 15 billion euro ($16.2 billion) alliance to invest in offshore wind and green hydrogen in countries including Germany, Britain and the United States. The agreement announced on Tuesday follows a pledge by 118 countries at the COP28 climate summit in Dubai to triple the world's renewable energy capacity by the end of the decade as they seek to wean themselves off fossil fuels. "Reaching this goal will require immediate action from these governments and the private sector," said Iberdrola Executive Chairman Ignacio Galan. "With an abundance of wind resources, the UK and Europe are prime markets for Masdar," said Masdar Chief Executive Mohamed Jameel Al Ramahi. Last week Masdar and Germany's RWE (RWEG.DE) said they would co-develop a 3 GW wind project off the coast of Britain.

Persons: Dado Ruvic, Ignacio Galan, Mohamed Jameel Al Ramahi, Germany's, Iberdrola, Pietro Lombardi, Jakub Olesiuk, Kirsten Donovan, David Goodman Organizations: REUTERS, East Anglia, Masdar, China, Thomson Locations: MADRID, UAE, Germany, Britain, United States, Dubai, Iberdrola's, East, Spanish, Europe, Baltic

☆ Colombian opposition politicians defeat Petro's coalition in local, regional elections
▼ + stars: | 2023-10-30 | by ( Luis Jaime Acosta | Thomson Reuters | Luis Jaime Has Worked At Reuters For More Than Years. While He Chiefly Covers Colombia'S Armed Conflict | ) www.reuters.com time to read: +2 min

[1/3] Colombian President Gustavo Petro casts his vote during the elections for governors, regional lawmakers and mayors, in Bogota, Colombia October 29, 2023. REUTERS/Vannessa Jimenez Acquire Licensing RightsBOGOTA, Oct 29 (Reuters) - Colombian opposition candidates largely swept elections for mayors, governors and regional lawmakers on Sunday, dealing a defeat to President Gustavo Petro's leftist coalition in votes that analysts called a referendum on his government. Petro congratulated the winning candidates and said he planned to work together. Many of the winning candidates had vowed to improve security and promote projects that will create jobs with private sector support. Although campaigning was marked by deteriorating security and threats to candidates, voting largely proceeded without incident.

Persons: Gustavo Petro, Vannessa Jimenez, Gustavo Petro's, Petro, Gustavo Bolivar, Bolivar, Sergio Guzman, Carlos Fernando Galan, Luis Jaime Acosta, Daina Beth Solomon, Lincoln, Stephen Coates Organizations: Colombian, REUTERS, Rights, New Liberalism Party, Bogota, Registrar's Office, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombian, Colombia's, Medellin, Cali

☆ Luis Rubiales: Complaints stack up against Spanish football chief -- and not just over his forcible kiss of a World Cup star
▼ + stars: | 2023-09-04 | by ( Atika Shubert | ) edition.cnn.com time to read: +6 min

A chauvinist act, by a president who is already plagued by corruption scandals and sexism,” he told CNN on Thursday. But when that didn’t assuage public anger, he doubled down in a widely-broadcast Royal Spanish Football Federation (RFEF) meeting and defiantly refused to resign, to the applause of the mostly male audience. The uproar over the kiss, he told CNN, is just the beginning of a longer fight. “I was not surprised by that at all,” Juan Rubiales told El Mundo of the kiss. The person some of us knew privately but now the whole world can actually see him,” she told CNN.

Persons: Luis Rubiales, Miguel Angel Galan, Rubiales, Jenni Hermoso, ”, Spain’s, Hermoso, “, Manaure Quintero, Galan, – Angel Maria Villar, ” Galan, Juan Rubiales, ” Juan Rubiales, El Mundo, Beatriz Alvarez, Alvarez, ” Alvarez Organizations: CNN, Spain’s Football Federation, Spain, Galan, National Training Center of Football, Spanish, of Sport, Federation, Rubiales, Spanish Football Federation, Bloomberg, Getty, El Mundo, ” CNN, FIFA, La Liga, Football Federation Locations: Madrid, Spain, Spanish, Saudi Arabia

☆ Luis Rubiales: President of Spanish government's sports council says it will take action against RFEF chief if federation doesn't
▼ + stars: | 2023-08-23 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —The president of the Spanish government’s High Council of Sport (CSD) says he will take action against Spanish Football Federation (RFEF) president Luis Rubiales if the soccer body fails to do so. Speaking to the “El Larguero” program on Spanish outlet Cadena SER later on Tuesday, CSD president Victor Francos said the council is willing to get involved after receiving three formal complaints about Rubiales’ actions. “We have been very clear with RFEF on the need to open the procedures established by the Sports Law,” Francos said. In a statement announcing the extraordinary general assembly, RFEF said it has opened “the internal Federation processes in relation to integrity.”Rising criticismFrancos’ comments come amid increasing pressure on Rubiales. “The apologies made by Mr. Rubiales are not enough.

Persons: Luis Rubiales, RFEF, Jennifer Hermoso, Spain’s, Victor Francos, ” Francos, “, Miguel Ángel Galán, Rubiales, Hermoso, Pedro Sánchez, ” Sánchez, Yolanda Díaz, Cuca Gamarra, Irene Paredes Organizations: CNN, Spanish, of Sport, Spanish Football Federation, Spain, England, El, Cadena, Sports Law, Spanish government’s Ministry of Culture, National Training Center of Football, Committee, Partido Popular, ABC Locations: Rubiales, Spain

☆ Opinion: Young Colombians had high hopes for their first leftist president. It didn’t last
▼ + stars: | 2023-08-23 | by ( Opinion Kristina Foltz | ) edition.cnn.com time to read: +9 min

Before Petro, Colombia had been governed for decades by liberal and conservative parties forming part of the broader Colombian political right. A demonstrator holds a tainted image of Colombian President Gustavo Petro (left) during an anti-government protest in the capital on August 16. Luisa Gonzalez/ReutersBut what about young Colombians, who, like me, are worried about the direction Petro is taking the country? Ivan says he was drawn to Petro because, “he always had a message about generating free quality education for young people. His successor, President Nicolas Maduro, continued Chavismo policies that have destroyed the Venezuelan economy.

Persons: Kristina Foltz, Read, — Gustavo Petro —, I’m, — Nicolas Petro —, Nicolas ’, Petro, Gustavo Petro, Luisa Gonzalez, Ivan Oros, “, ”, Ivan, —, Ivan’s, Juan Manuel Santos, Ivan Duque’s ‘, he’s, Nicolas —, Ariel Ricardo Armel, Juan Valdez, ” Ariel, Hugo Chavez, Nicolas Maduro, Ariel, Armando Duarte Galan, governability, it’s Organizations: Rotary Ambassador, CNN, Petro, Reuters, La Primavera, Revolutionary Armed Forces, Colombian, University of Pamplona, Social Communications, Colombian Organization, Students, El, SISBEN, WHO, US, Twitter, Facebook, Plaza Bolivar Locations: Bogotá, Colombian, Latin America, Colombia, Venezuela, Venezuelan

☆ Explainer: Why has Ecuador become so violent?
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +4 min

A view of the rally site where Ecuadorean presidential candidate Fernando Villavicencio was killed at a campaign event in Quito, Ecuador August 9, 2023. REUTERS/Karen Toro/File PhotoAug 10 (Reuters) - Ecuador was reeling on Thursday from the slaying of presidential candidate Fernando Villavicencio the night before, less than two weeks before elections were to take place. The killing of Villavicencio, a vocal critic of corruption and drug crime that have beset Ecuador, underlines a deteriorating security situation in much of South America. WHAT HAS HAPPENED TO SECURITY IN ECUADOR? Verisk Maplecroft similarly attributed an "unprecedented surge in brutal criminality" to growing " trans-national drug-trafficking organizations and violent street gangs."

Persons: Fernando Villavicencio, Karen Toro, Villavicencio, Verisk Maplecroft, Guyaquil, Guillermo Lasso, Villavicencio's, Lasso, Luis Donaldo Colosio, Colombia's, Luis Carlos Galan, Cristina Fernandez De Kirchner, Jair Bolsonaro, Oliver Griffin, Cynthia Osterman Organizations: REUTERS, Colombia's Liberal, Thomson Locations: Quito, Ecuador, South America, ECUADOR, Colombia, Europe, Paraguay, Chile, Uruguay, Argentine

☆ ATP roundup: Yosuke Watanuki records upset in Washington
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

[1/4] Aug 2, 2023; Washington, D.C., USA; Yosuke Watanuki (JPN) hits a backhand against Felix Auger-Aliassime (CAN) (not pictured) on day five of the Mubadala Citi DC Open at Fitzgerald Tennis Stadium. Mandatory Credit: Geoff Burke-USA TODAY SportsAugust 3 - Japan's Yosuke Watanuki prevailed in a wild first-set tiebreaker en route to a 7-6 (10), 7-6 (3) upset of No. 3 seed Felix Auger-Aliassime on Wednesday in a second-round match at the Mubadala Citi DC Open in Washington. Watanuki jumped out to a 4-1 lead in the opening set's tiebreaker, but Auger-Aliassime stormed back and eventually held leads of 5-4 and 9-8. But Watanuki held firm, and on his fifth set point, he was finally able to get past the Canadian.

Persons: Yosuke, Felix Auger, Geoff Burke, Watanuki, Aliassime, Jordan Thompson, Adrian Mannarino, Frenchman Gregoire Barrere, Daniel Evans of, Tallon Griekspoor, Christopher Eubanks, Ugo Humbert, Gael Monfils, Great, Andy Murray, Taylor Fritz, Zachary Svajda, Alex Molcan, Sebastian Ofner, Molcan, Argentina's Sebastian Baez, Roberto Carballes Baena, France's Arthur Rinderknech, Colombia's Daniel Elahi Galan, Dominic Thiem, Djere, Argentina's Tomas Martin Etcheverry, Pedro Cachin Organizations: D.C, Citi DC, Fitzgerald Tennis, USA, ., Austrian, Thomson Locations: Washington, USA, France, Daniel Evans of Great Britain, Slovakia, Kitzbuhel, Austria, Spain, Serbia

☆ Safiullin knocks out Shapovalov to reach maiden major quarter-finals at Wimbledon
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 9 (Reuters) - Unseeded Russian Roman Safiullin reached his maiden Grand Slam quarter-final when he secured a shock 3-6 6-3 6-1 6-3 win over Denis Shapovalov at Wimbledon on Sunday. After the match was all square, Shapovalov committed two more double faults in a dismal start to the third set as Safiullin broke and then held to love for a 2-0 lead. Minutes later, Safiullin had a 4-1 double-break after yet another double fault from Shapovalov, the seventh of 11. He was quickly put out of his misery by the Russian, who broke and then closed out the victory on serve. Safiullin becomes just the 12th man to reach the quarter-finals on his Wimbledon main-draw debut, adding to the likes of Bjorn Borg, John McEnroe and Nick Kyrgios.

Persons: Safiullin, Denis Shapovalov, Shapovalov, I'm, Denis, Bjorn Borg, John McEnroe, Nick Kyrgios, It's, I've, Daniel Galan, Aadi Nair, Clare Fallon Organizations: Wimbledon, ATP, Christian, Thomson Locations: Russian, Shapovalov, Colombia, Bengaluru

☆ Swiatek survives scare to set up Svitolina clash
▼ + stars: | 2023-07-09 | by ( Pritha Sarkar | ) www.reuters.com time to read: +4 min

Poland's Swiatek looked in big trouble against Switzerland's Olympic champion Belinda Bencic and saved two match points in the second set before clawing out a 6-7(4) 7-6(2) 6-3 victory. As the evening gloom set in, Swiatek eventually got a handle on her opponent's game, moving clear in the final set before wrapping up victory after more than three hours. Bencic will look back at the two match points she had at 5-6 in the second set, the first saved with a powerful Swiatek forehand and the second with a backhand winner. "I don't know if I even came back from match point down in my career," Swiatek said in her on court interview. "I thought it was a great tennis match.

Persons: Iga Swiatek, Switzerland's Belinda Bencic, Dylan Martinez, Ukraine's Elina Svitolina, Poland's Swiatek, Belinda Bencic, Andrey Rublev, Alexander Bublik, Novak Djokovic, Hubert Hurkacz, Roger Federer's, Sinner, Colombia's Daniel Galan, Swiatek, Svitolina, Azarenka, Jessica Pegula, Pegula, Marie Bouzkova, Rublev, Russian Roman, Denis Shapovalov, Martyn Herman, Christian Radnedge Organizations: Lawn Tennis, Croquet Club, Switzerland's Belinda Bencic REUTERS, Dylan Martinez LONDON, Wimbledon, Switzerland's Olympic, Belarusian Victoria Azarenka, Roger Federer's Wimbledon, Thomson Locations: London, Britain, tennis, Belarus, Russia, Belarusian, American, French, Russian

☆ Wimbledon day seven
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +4 min

1925 SWIATEK SURVIVES AGAINST BENCICPoland's top seed Iga Swiatek rallied from a set down and saved two match points to beat Swiss 14th seed Belinda Bencic 6-7(4) 7-6(2) 6-3 and reach her first Wimbledon quarter-finals. 1245 TEENAGER ANDREEVA BEATS POTAPOVARussian qualifier Mirra Andreeva beat 22nd-seeded compatriot Anastasia Potapova 6-2 7-5 to enter the fourth round, where she will face American Madison Keys. The 16-year-old Andreeva is making her first-ever appearance in the Wimbledon main draw. 1225 VONDROUSOVA MOVES INTO QUARTER-FINALSVondrousova moved into the quarter-finals after beating fellow Czech and 32nd seed Marie Bouzkova 2-6 6-4 6-3. Ukrainian wildcard Elina Svitolina will face Belarusian two-time major winner Victoria Azarenka in the fourth round.

Persons: Elina Svitolina, Victoria, SWIATEK, BENCIC, Iga Swiatek, Belinda Bencic, Bencic, Andreeva, Nadal, Shapovalov, Dimitrov, Tsitsipas, Ukraine's, Boulter, Andreescu Alcaraz, Jarry, Fokina, Rune, Jannik Sinner, Colombia's Daniel Elahi Galan, Andrey Rublev, Alexander Bublik, Rublev, SAFIULLIN, Safiullin, Denis Shapovalov, Jessica Pegula, Marketa Vondrousova, DIMITROV, Frances Tiafoe, Grigor Dimitrov, ANDREEVA, Mirra Andreeva, Anastasia Potapova, Vondrousova, Marie Bouzkova, Novak Djokovic, Iga, Pearl Josephine Nazare, Aadi Nair, Rohith Nair, Janina Nuno Rios, Clare Fallon Organizations: Wimbledon, AZARENKA Ukrainian, Victoria Azarenka of, Swiss, Wimbledon Vondrousova, Bouzkova, Belarusian Azarenka, Medvedev, Kazakh, Court, Madison Keys, Czech, Victoria Azarenka, Christian, Thomson Locations: Victoria Azarenka of Belarus, Russian, Bulgarian, Belarusian

☆ Sinner shrugs off slow start to reach last 16
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

"For sure I didn't start in the best possible way," said Sinner, who has lost only one set in his three matches. "It's never easy playing against a player who you've never played against so it was something new for me." The duo traded breaks early in the fourth set before Sinner regained focus to seal victory and he will next play Colombian Daniel Elahi Galan or Swede Mikael Ymer. "The best thing when you lose early at Roland Garros is you have a lot of time to prepare on grass," said Sinner, who fell in the second round of the French Open last month. "This was the case of my journey until here this year but for sure every match has its story.

Persons: France’s Quentin Halys, Toby Melville LONDON, Jannik Sinner, Frenchman Quentin Halys, Sinner, Nicola Pietrangeli, Matteo Berrettini, Halys, you've, Daniel Elahi Galan, Swede Mikael Ymer, Roland Garros, Shrivathsa Sridhar, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Wimbledon, Thomson Locations: London, Britain, Bengaluru

☆ Warholm wins 400m hurdles race hit by environmental protest in Stockholm
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +4 min

STOCKHOLM, July 2 (Reuters) - Norway's Olympic champion Karsten Warholm won the men's 400 metres hurdles in a race that was hindered by a protest from environmentalists at a rain-hit Galan Diamond League meet on Sunday. The 27-year-old double world champion, who slapped his thighs and let out a loud whoop during the introductions, ran blind in the outside lane en route to a time of 47.57 seconds. WORLD RECORD ATTEMPTThe rain wreaked havoc with numerous events, particularly the much-anticipated men's pole vault featuring local hero Armand Duplantis. He then missed on three attempts at 6.23, which would have topped his world record of 6.22. With Lamecha Girma of Ethiopia breaking the steeplechase world record last month in Paris, there could be a thrilling battle between the African pair at the worlds in Hungary.

Persons: Karsten Warholm, Galan, Warholm, Armand Duplantis, Kristjan, Daniel Stahl of Sweden, Freweyni Hailu, Hailu, Beatrice Chebet, Soufiane El, Akani, Simbine, Lori Ewing, Tommy Lund, Ken Ferris, Toby Davis Organizations: Galan Diamond League, A22 Network, TV4, NRK, Stockholm, Broadcasters, Thomson Locations: STOCKHOLM, Norwegian, Budapest, Slovenia, Soufiane El Bakkali, Morocco, Ethiopia, Paris, Hungary, South Africa, Gdansk

Listed miners with lithium projects in South America suffered, however, on concerns other governments may follow Chile's lead. Elsewhere in Asia, lithium prices stabilised on an improved demand outlook, and Japan acted to shore up its EV minerals supply by announcing a swathe of industry subsidies. Bucking the regional trend were Australian-listed miners with projects in South America's lithium triangle which spans Chile, Argentina and Bolivia, on concerns other governments may follow Chile's footsteps. Shares in miners with Argentine projects fell. Lithium Power International, (LPI.AX) whose Maricunga brine project is Chile's largest permitted, proposed project welcomed the new policy which it said would "positively transform" Chile's lithium industry.

☆ Iberdrola does not generate windfall profit in Spain, executive chairman says
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIberdrola does not generate windfall profit in Spain, executive chairman saysIgnacio Galán, executive chairman of Iberdrola, discusses issues around windfall tax in Spain, saying the company will defend shareholder interests, and shares his expectations for investing in Europe and the U.S.

☆ ATP roundup: Daniel Evans falls in Doha
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

February 22 - Finland's Emil Ruusuvuori took down sixth seed Daniel Evans of Great Britain 7-5, 6-4 in their first-round match at the Qatar ExxonMobil Open on Tuesday in Doha. Ruusuvuori fired seven aces and won 29 of 38 first-service points (76.3 percent), holding on for the victory even as Evans saved six of 10 break points and converted both his opportunities to break Ruusuvuori. 7 seed Richard Gasquet of France battled past countryman Laurent Lokoli 7-6 (5), 2-6, 7-6 (5). 556 Alves, who had five aces and saved five of nine break points in his tour-level debut before the suspension. Daniel Elahi Galan of Colombia and Juan Pablo Varillas of Peru were also winners Tuesday before the rain arrived.

☆ Fossil fuels are a problem for self-sufficiency in the future, says Iberdrola executive chairman
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFossil fuels are a problem for self-sufficiency in the future, says Iberdrola executive chairmanIgnacio Galán, executive chairman of Spanish renewable energy company Iberdrola, discusses the energy transition with CNBC's Joumanna Bercetche at Davos 2023.

At first we thought he might be a lesbian and was afraid to come out, but he wouldn't tell us. He confided to his sister first and a year later he told us he was transgender", Aslan's mother Beatriz Moya says. The bill would allow people to change their gender on identification documents without the need for psychological or other medical appraisals from the age of 14. Anyone aged 14 to 16 would need the agreement of their parents or guardians to change their gender. No scientific evidence has emerged that proves that self-identification laws lead to a higher rate of people seeking medical treatment to alter their bodies.

☆ Spain's Iberdrola to invest $47 bln in energy transition in 2023-25
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +4 min

Some 17 billion euros of the 47 billion total investment will go on renewables. In its last strategy update, Iberdrola said it planned to invest 75 billion euros in renewable energy, grids and retail operations from 2020-2025. Iberdrola currently has 40 GW of renewables capacity, new chief executive Armando Martinez told the compay's capital markets day in London. Net profit should increase to 5.2-5.4 billion euros by 2025 from an expected 4-4.2 billion euros in 2022, Iberdrola said. It also aims for earnings before interest, taxes depreciation and amortisation (EBITDA) of 16.5 billion-17 billion euros by 2025, up from 13 billion euros in 2022 and above analyst consensus of 12.6 billion euros.

But even if the bloc's 27 member countries reach agreement on the plan, to enforce it they must overcome rising costs and uncertainties linked to power market reforms triggered by the price surge linked to war in Ukraine. As energy prices have increased all costs, including of the materials needed for renewable infrastructure, investment models built on low prices for renewably-produced electricity are in doubt. RECORD PRICES, EXTREME UNCERTAINTYFar-reaching inflation, driven by expensive energy, has led governments to seek to cap wholesale energy costs and consider reforming markets after years of stability. The wholesale benchmark German baseload front year electricity price hit a record above 1,000 euros per megawatt hour (MWh) on Aug. 29. Beyond the short-term fixes, the EU plans a major overhaul of its electricity market to decouple the price of electricity from the price of gas.

☆ Iberdrola profit boosted by US, Brazil, offsetting Spanish woes
▼ + stars: | 2022-10-26 | by ( David Latona | ) www.reuters.com time to read: +3 min

Iberdrola reported a net profit of 3.1 billion euros ($3.09 billion) for the January-September period and said geographical diversification allowed it to maximise growth and benefit from positive currency swings. In Spain, however, profit fell by 14% as summer droughts hampered hydroelectric generation, which was almost 48% lower than last year, Iberdrola said. Galan said Iberdrola was not exposed to Russian gas, adding that world leaders have now realised gas market dynamics were "causing the problem and electricity is the solution". The company has invested 7.58 billion euros so far this year, a 14.2% increase compared to the same period in 2021. Iberdrola also reiterated its forecast for an annual net profit of between 4 billion and 4.2 billion euros and announced a 5.9% higher interim dividend of 0.18 euros per share, payable in January 2023.

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