Daily brief
The causes of a recent major blackout in Portugal and Spain have been revealed, with the Spanish grid operator citing issues with solar and nuclear power generation as the source of the power fluctuations that led to the outage.
Estée Lauder is in talks to acquire Spain's Puig, a deal that would create a new global beauty giant (ongoing coverage).
QatarEnergy has declared force majeure on several of its liquefied natural gas (LNG) contracts, including those supplying Italy.
The US has reduced import tariffs on Italian pasta.
Portugal's national train operator will replace certain rail services with buses.