Word: spaining
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...Britain's depressed exporters a boost, but that might not happen until 2010. Because the downturn is global, most manufacturers expect export orders to fall further in the coming months, according to the British employers' organization, the CBI. In the meantime, British holidaymakers used to vacationing in France or Spain are making plans for breaks closer to home. Outside the Bank of England, which moved to its present central London site in 1734, one oil-industry worker with a fondness for European travel says he'll "just sit tight" until the pound gets stronger again. Behind him, the city...
...total global investment funding in 2009 - to revamp scores of existing restaurants in Europe and open 240 new ones there. That effort will not only focus on relatively new markets in Eastern Europe like Russia and Poland, but also sink roots deeper in West European nations like Italy, Spain and France - generating about 12,000 badly needed new jobs in the process. As part of that expansion plan, McDonald's says it will add about 400 new McCafés to the 800 outlets it already operates in Europe. Viewed from any angle, this kind of spending indicates that Ronald...
...plate and calling it nouvelle cuisine was a good idea. That might account for why the trio sounded ever so slightly defensive as they protected the role of science in their kitchens. Brandishing a loaf of bread like an amulet, Adrià, chef of el Bulli restaurant in Spain (judged the best restaurant in the world a record four times by Restaurant magazine), located the root of the problem in a kind of public ignorance. "Today, you've got bakers working to find the best flour, the best yeast, the best oven. This is science, pure and simple. But people...
...generous government subsidies that helped support the rapid growth of alternatives in countries like Spain and Germany are being scaled back just as the technologies have taken off. At the moment, Germany has some 60% of the solar panels in the world, thanks in part to the so-called feed-in tariff, which guarantees that utility companies will buy renewably generated power at above market rates. But further growth could stall. Corn ethanol in the U.S. - which many environmentalists believe doesn't deserve the term "renewable" - has cratered, also hurt by rapidly falling gas prices. Most of all, however, clean...
...economy is clearly the main culprit - with houses and jobs at risk, fewer consumers are willing to make a long-term bet on a solar system - but so have ebbing subsidies for solar in Europe, where manufacturers in the U.S. still send most of their product abroad. Without Spain and Germany - leaders in European solar - soaking up systems, the research firm New Energy Finance estimates an oversupply in the industry of nearly 4 gigawatts in 2009. "There's real concern about the policy risks in Europe," says Christopher O'Brien, the head of North American market development for Oerlikon Solar...