Spain Financial News

OPEC drew flak after it allegedly urged its group members to block any phase-out or phase-down in the final deal, Reuters and the Associated Press reported. According to reports, OPEC Secretary General Haitham Al Ghais sent a letter to the group's 13 members and 10 Russian-led allies on Wednesday. In the letter, Ghais urged the group to "proactively reject any text or formula that targets energy i.e.

celestial spectacle set to captivate gazers, a momentary eclipse is predicted as an asteroid passes in front of one of the night sky's prominent stars. Betelgeuse, a red supergiant in the Orion constellation, is slated to be obscured by the slowly rotating asteroid Leona, offering a fleeting yet rare glimpse for observers across specific regions. The anticipated event, occurring from late Monday into early Tuesday, will grace the skies along a narrow trajectory from central Asia's Tajikistan and Armenia, traversing Turkey, Greece, Italy, Spain, Miami, the Florida Keys, and parts of Mexico. Astronomers anticipate a window of visibility lasting no more than 15 seconds.

The European Union’s powerful antitrust chief has withdrawn as a candidate for the presidency of the European Investment Bank

BRUSSELS/MADRID (Reuters) -EU finance ministers on Friday picked Spanish Deputy Prime Minister Nadia Calvino to become the next head of the European Investment Bank in a boost for Spain's clout within the bloc.

Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million dollars. Prior to the 2022–2023 season, the club had reached an agreement with WhaleFin covering a period of five years. WhaleFin was going to be one of the primary sponsors of the club, and it was going to be installed. However, Atletico Madrid asserts that WhaleFin violated the terms of the contract by failing to make the payments that were agreed upon when the deal was signed. As a consequence of this, the club is requesting a compensation amount of twenty million euros, which is twenty-two million dollars.

European Union talks on comprehensive artificial intelligence regulations were paused after 22 straight hours

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

premier segment, Bastidon said, adding that overall trade volume of EU spirits is €9 billion, and the US and China are major exporting countries. According to Bastidon, the value of EU’s spirit exports to India in 2022 was a mere €59.7 million compared to €875 million to China.

Spain faced an unusual situation when she accidentally swallowed her toothbrush while trying to clear a piece of turkey stuck in her throat. The incident occurred on November 29 while the woman, Heizea, was having a meal.

Venezuelan President Nicolás Maduro is asking the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezu...

Brisbane International early next year, legendary tennis player and 22-time Grand Slam winner Rafael Nadal said he will participate in the tournament in Australia without any expectations. The former World No. 1 brought fans closer to his current mindset in a philosophical message delivered in Spanish. The 37-year-old Spaniard has not played since losing in the second round of the Australian Open earlier this year due to a long-standing hip problem.

The English Premier League has sold its domestic TV rights for 6.7 billion pounds for the next four-year cycle

Argentina’s outgoing government says it will not support the signing of a long-delayed trade deal between the European Union and the South American bloc Mercosur during a summit this week in Brazil even though the incoming Argentine government has expr...

Facebook and Instagram parent company Meta is being sued by 83 Spanish media outlets over allegations that the social media giant breached EU data protection rules between 2018 and 2023, leading to unfair competition in the advertising market. The newspapers, led by media organisation AMI, claim that Meta's "massive" and "systematic" collection of users' personal data has given the company an 'illegitimately gained competitive advantage' in the design and delivery of personalised ads.

A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain.

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

By Stefano Rebaudo

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.

Electric vehicle drivers hoping to top up their batteries at one of Repsol's 1,600 Spanish charging stations might well be disappointed, with nearly half lying dormant because they have no power connection. Such gaps are evident across the European Union, where last week the European Commission announced plans to upgrade the bloc's power grids. These are due to be implemented in 18 months and include addressing EV charging station power shortages. But despite the declarations of its leaders, red tape preventing progress towards greener transport in the EU is on the rise, industry groups and energy companies told Reuters, with permitting one of the major roadblocks. The ease of building an EV charging hub varies considerably country by country. One industry source said that in Germany a hub was held up for months over rules protecting a single tree, while another located on a busy highway had to wait 10 months for a noise evaluation before it gained approval.

International Maritime Organisation (IMO) Council with the highest tally on Friday, and the term of council will be for the biennium 2024-25, according to an official statement. The statement said India's re-election falls under the category of 10 states with «the largest interest in international seaborne trade», alongside Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, Sweden, and the United Arab Emirates (UAE).

Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is «very buoyant» for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels.