REE says the outage cannot be blamed on Spain’s high share of renewable energy, cause not clear yet. Spain’s grid operator has denied that solar power was to blame for the country’s worst blackout, as Prime Minister Pedro Sanchez faces increasing pressure to explain what went wrong. Red Electrica de Espana (REE) on Wednesday said the source of the outage had been narrowed down to two separate incidents...

President asks for ‘patience’ as businesses react negatively to Trump’s aggressive efforts to upend global trade. United States President Donald Trump blames former president Joe Biden for the decline of key economic indicators during his first months as president, amid widespread disruptions caused by Trump’s tariff policies. The US economy contracted by 0.3 percent during the first quarter of the year, the first such drop in three years....