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Bottles of Spanish olive oil are displayed for sale at a Carrefour supermarket in Spain.Sopa Images | Lightrocket | Getty ImagesShares of Spain’s Deoleo jumped nearly 18% on Wednesday morning amid an intensifying takeover battle for the world’s largest olive oil bottler and marketer.The stock move comes amid reports that Spanish agri-food cooperative group Dcoop has offered 470 million euros ($545 million) for Deoleo, taking the lead in a takeover battle that includes Italian, French and Australian firms.The sale is not yet finalized, Spain’s El Economista newspaper reported, citing unnamed sources familiar with the matter, but it is said to…

Iran has considered attacking U.S. military targets in Europe if the war escalates, the Financial Times reported Wednesday, citing two regime insiders. U.S. assets in Bulgaria and Cyprus were weighed as potential targets, according to the FT’s report. CNBC has reached out to Iran’s Military of Foreign Affairs for comment and has not independently verified the story. Negotiations between Washington and Tehran to end the war have stalled, with little sign that talks will resume, leaving the belligerents to consider their next stages in the prolonged conflict.UAE severs trade with Iran The United Arab Emirates on Wednesday said it had…

Protesters carry placards as they march during a rally calling for a reform of the defence sector and the reinstatement of the young and tech-savvy defence minister Mykhailo Fedorov, who was sacked a mounth ago, in central Kyiv on August 16, 2026, amid the Russian invasion of Ukraine.Serhii Okunev | Afp | Getty ImagesUkraine’s former defense chief Mykhailo Fedorov has called for wartime elections in what many see as the most direct political challenge to President Volodymyr Zelenskyy since Russia launched its full-scale invasion nearly four-and-a-half years ago.Fedorov, who was unexpectedly sacked last month as part of a government reshuffle,…

Commuters cross London Bridge in London, England.Peter Summers | Getty Images News | Getty ImagesThis is the final edition of CNBC UK Exchange. I want to say a sincere thank you to everyone who has read, subscribed, shared the newsletter or got in touch since it launched. While this may be the last newsletter, the stories, personalities and businesses that have filled these emails certainly aren’t going anywhere, and I hope you’ll continue to follow them through CNBC’s coverage.The dispatchWhen we launched CNBC UK Exchange just over 15 months ago, the U.K. economy had just enjoyed its best quarter of GDP…

Joining the agreement would require the UK to accept some asylum seekers from the EU. However, the Liberal Democrats argue numbers would be lower than those currently coming to the UK by small boat and that they would be screened before entering the country. The party says the scheme would save British taxpayers money, with the cost of participating – around £100m a year – amounting to a fraction of the £5bn spent on a “failing asylum system”. Sir Ed said: “We have a plan that would finally end the small boats crisis: a pact with every EU country that…

Political commentator Tim Montgomerie has told BBC Newsnight he will fight his suspension from Reform UK for criticising senior party figures in media interviews.He said his appeal against suspension would be a test case of whether Reform could tolerate free speech.The party said Montgomerie had been suspended in line with its rules after public criticism he made.Montgomerie is a right-of-centre political commentator who defected from the Conservatives to Reform UK in 2024, and who has seen himself as a critical friend of the party leadership.But it seems he is now regarded as more of a critic and less of a…

For now, the Russian military may be considering increasing the number of Arena-M counter munitions to intercept incoming drones and other projectiles. But as Euromaidan Press explained, space constraints for the turret-mounted projectile launchers could ultimately limit that approach. Concerns beyond the war in Ukraine The limitations of active protection systems against drones have also appeared beyond the battlefields in Ukraine during the US-Israeli war against Iran. When the Israeli military sent troops into Lebanon to fight the Iranian-backed faction Hezbollah, the Israeli Merkava 4 tanks came equipped with Trophy active protection systems developed by Israel’s Rafael Advanced Defense Systems.…

“Giving your opponent a way out” is one of his golden rules of campaigning – his full list can be found in his new book Institutionalised Deceit: Taking the Lid off Westminster Governance.Another is to avoid party tribalism. Despite voting Green, Bailey has rarely been picky about who he works with.In the 1980s, he teamed up with the Association for the Conservation of Energy, a body governed by directors and CEOs.In a goodbye speech at the end of his time with them, Bailey said: “Perhaps we have both learnt something.”I have learnt that not all capitalist bastards are capitalist bastards…

CNBC’s Jim Cramer said Tuesday the relentless negativity surrounding the market is creating opportunities for investors willing to look past the headlines and endure a little more near-term volatility.His comments came as rising Treasury yields, persistent inflation, and elevated oil prices weighed on stocks. All three of the major indexes finished the day in the red. The 30-year Treasury yield touched 5.33%, its highest level in nearly two decades, while Brent crude topped $90 a barrel as U.S.-Iran negotiations remained stalled. However, Cramer argued those concerns are overshadowing signs of resilience in the economy. “I know ‘not bad’ isn’t much…

A woman rolls a baby stroller past a replica of the Soviet RDS-4 nuclear bomb installed in memory of its creators in a park in Moscow on July 29, 2026. Alexander Nemenov | Afp | Getty ImagesFor decades, allies worldwide rested in the comfort of the U.S. nuclear umbrella, confident they didn’t need their own weapons of mass destruction.That belief is rapidly evaporating as President Donald Trump’s latest National Defense Strategy for 2026 dropped any explicit mention of extended deterrence and has pressed allies to spend more of their own money on defenses.The change is prompting more governments to reconsider…