City Madrid Financial News

MADRID (Reuters) — A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (NASDAQ:META), citing unfair competition in the advertising market.

Blockchain technology, with its complexity, often pushes people away instead of drawing them in. The Stellar Development Foundation, a nonprofit foundation that supports the Stellar blockchain, is leading the way to making this technology user and developer-friendly with real-world solutions through its recent activities and announcements.

MADRID (Reuters) — Amazon (NASDAQ:AMZN) reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according to local union group CCOO and the company.

Spain is ready to supply more C295 defence transport aircraft to India if New Delhi requires them, Jose Maria Ridao Dominguez, Spain's Ambassador to India, told ET. Madrid is seeking to boost its often-understated partnership with India in the fields of defence, technology and infrastructure. “We do not have any political differences with India. Spain stands ready to supply more military transport aircraft to India if the country desires so,” Dominguez said.

Atletico Madrid, the renowned Spanish football club, is suing Singapore-based crypto exchange WhaleFin, following the unexpected termination of its $44 million shirt sponsorship deal.

The Governor of Spain’s central bank, Pablo Hernandez de Coz says there is no urgent desire among users in the jurisdiction for a Central Bank Digital Currency (CBDC), explains the digital euro’s roadmap.

By Raul Cadenas Susana Vera

Spain’s securities market regulatory body said it had begun investigating its inaugural case pertaining to a potential violation of regulations governing large-scale advertising campaigns for crypto assets.

The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws. 

By Belén Carreño and Joan Faus

MADRID (Reuters) — Euro zone banks' lending income is expected to be negatively impacted by a gradual increase in the remuneration of deposits, European Central Bank Vice-President Luis de Guindos said on Tuesday.

MADRID (Reuters) — More than 500 migrants were rescued in the Atlantic Ocean off Spain's Canary Islands, the Spanish coastguard said on Saturday, as the number of people arriving on the archipelago so far this year neared an all-time record posted in 2006.

MADRID (Reuters) — Zara owner Inditex (BME:ITX), the world's largest clothing retailer, said on Friday its suppliers would buy 2,000 metric tons of a raw material made out of cotton textile waste by Swedish company Renewcell.

MADRID (Reuters) — Spain has collected 2.9 billion euros ($3.07 billion) this year with the windfall taxes imposed on power companies and banks, acting Budget Minister Maria Jesus Montero said on Wednesday.

(Corrects to 'buy' from 'invests' in headline and paragraphs 1-2)

The parties forming Spain’s acting government say they will push for a 37½-hour workweek

Celta de Vigo and Atlético de Madrid, we've got all the essential details you need to catch the action live. From match times in various countries to where you can watch it, this article has you covered. So, get ready for a football showdown that promises to be thrilling. Celta vs Atletico Madrid: Where to Watch Celta vs Atlético de Madrid? When it comes to catching this LaLiga matchup, you have a few options:

Netflix has signed a multi-year agreement with Skydance Animation to develop animated feature films that will be released exclusively on Netflix, the streaming service said on Wednesday. John Lasseter, Walt Disney Co's former animation head and co-founder of Pixar, will guide production of the films. Lasseter began working at Skydance Animation in 2019 after taking a leave of absence from Disney in 2017. He was a driving force behind animation hits like «Toy Story» and «Cars.»

Israel and repatriate the country's citizens, as the industry faced a warning over insurance cover amid escalating violence in the wake of weekend attacks. Israeli flag carrier El Al said it would operate 12 extra flights on Wednesday and Thursday to and from Athens, Rome, Madrid, Bucharest, New York, Paris, Larnaca and Istanbul. Its low-cost unit Sun Dor also plans rescue flights from Istanbul. El Al had already announced an additional flight from New York and six flights to and from Larnaca. The latest move came as the combined death toll reported by both sides following the weekend attacks by Palestinian militant group Hamas and retaliatory strikes by Israeli forces reached more than 2,000 people. Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. The panel said insurance companies had indicated they were entitled to cancel cover with seven days' notice.

Who says NFTs are dead? ‘Calladita / The Quiet Maid' - a movie funded by the sale of non-fungible tokens (NFTs), set to premiere at the Tallinn Film Festival - has secured a global sales deal. 

The Heat Will Kill You First", a new book, America would have seen “the Hurricane Katrina of extreme heat". It is not just the United States, where 100m people are under heat-advisory notices, that is suffering. There is currently a spate of such heatwaves around the world.