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Business daily – Choosing between food and electricity: Spain’s energy price hikes hit home

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

The price of electricity in Spain has skyrocketed in recent months, leaving some consumers with difficult choices to make about their spending. The Spanish government has announced measures including a VAT cut and a windfall tax on energy company profits to try to combat the price increases, which have been triggered by the rising price of gas. Also today, the troubled Chinese property developer Evergrande faces a major debt deadline.

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