Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.
Angola’s planned undersea cable to South America will cut data transmission times between stock markets in Brazil and Hong Kong and open a new route between Africa and the U.S., the head of state-owned Angola Cables said.
Repsol SA’s $10 billion project to pump oil off Spain’s Canary Islands passed a milestone yesterday when the public comment period ended on its environmental-impact report, drawing criticism from conservationists and residents.
Spanish politicians trying to cushion the blows of austerity plan to seize foreclosed homes to house the needy, discouraging foreign investment and threatening to violate terms of the European bailout of the country’s banks.
Five people died and three were injured when a lifeboat dropped from a docked cruise ship operated by TUI AG’s Thomson during an emergency drill in the port of Santa Cruz de La Palma, in the Canary Islands.
The airplane carrying Bolivian President Evo Morales from a Moscow energy conference resumed its journey after an unplanned stop in Vienna prompted by suspicion that fugitive U.S. leaker Edward Snowden was aboard.