Spain Financial News

Investing.com — The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. 

France's data watchdog, CNIL, made an unannounced visit to the office of Worldcoin in Paris this week, intensifying the scrutiny surrounding the cryptocurrency project's controversial privacy practices.

Cartagena de Indias, a colonial port city on Colombia's Caribbean coast, can be so hypnotically hot (even with the ocean breeze and occasional tropical downpour) that visitors may feel as if they are drifting through a dream world of cobblestone lanes and Afro-Colombian drumbeats — a sensation captured by the magical realism in Gabriel Garcia Marquez's Cartagena-set novels. A weekend is perfect for a robust introduction through two adjacent, walkable neighborhoods. The Old Town is still surrounded by the stone walls built by Spanish colonists, who also left behind opulent mansions and churches. Neighboring Getsemani is an artsy, semi-residential enclave with a popular street-party scene, overlooked by the 16th-century fortress that looms on a hill nearby. And if the heat does get to you, order a limonada de coco, the slushy coconut limeade that keeps coastal Colombians deliciously cool. ITINERARYFriday3 p.m. | Snack your way around Kick off a visit with a walking tour through the city's connected Old Town and Getsemani neighborhoods, the triangular heart of the city between the Caribbean Sea and San Lazaro Lagoon. Several groups offer free walking tours departing from the egg-yolk-colored main gate and clock tower, called the Puerta del Reloj, the original entrance into the walled city. For a more curated experience, Cartagena Connections adapts guided tours to visitors' interests, such as architecture, history or photography (two-hour group tours start around 123,000 Colombian pesos, or $30, per person; private tour rates vary). The popular street food tour includes stops to taste wedges of salted green mango, corn arepas filled with cheese, and mamoncillo, a local lychee-like fruit.

covid-19, anti-maskers in the era of Spanish flu waged a disinformation campaign. They sent fake messages from the surgeon-general via telegram (the wires, not the smartphone app). Because people are not angels, elections have never been free from falsehoods and mistaken beliefs.

El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed.

West Bengal Chief Minister Mamata Banerjee is likely to visit Dubai and Spain in September to seek investments, a senior official said on Thursday.

Spanish Cabrales blue cheese has achieved a groundbreaking milestone by commanding an astonishing price of over $32,000 (Rs 26.48 lakh). Weighing in at 2.17 kg, this dairy delight has secured a new Guinness World Record for the highest price ever paid for cheese. Guillermo Pendás, the creator of this remarkable cheese from the family factory in Los Puertos, expressed his astonishment, stating, «We knew we had a good cheese but also that it is very difficult to win.» Pendás shared these thoughts with the Spanish news agency Efe, as reported by the Times of London. This celebrated cheese, which encapsulates the essence of the Asturias mountain caves in Northern Spain, recently went up for auction, following its prestigious title as the best Cabrales of the year at the renowned Las Arenas’ 51st annual cheese competition. The proud owner of this record-breaking cheese is Iván Suárez, who also acquired the previous Guinness World Record-setting Cabrales cheese in 2019 for €20,500 (Rs 18.42 lakh).

₹50 per kg in some places, down from ₹250 not too long ago. But the shock waves linger.

Eurozone inflation remains stubbornly high even as other signs point to a slowing economy, presenting the European Central Bank with the tricky task of cooling already anemic demand without pushing the region into a prolonged recession. The surge in energy and food prices that followed Russia’s invasion of Ukraine has left the eurozone with higher inflation and weaker growth than in the U.S. When ECB policy makers raised the bank’s key rate last month, they signaled that they might pause at their next meeting, which is scheduled for Sept.

workplaces, said San Segundo. The women’s soccer team “are heroes not only because they won the World Cup, but because they are paving the way for all women toward equality." A rapidly changing country has become one of the world’s most socially liberal societies, survey evidence shows. Successive governments have passed laws to strengthen women’s rights, from advancing gender equality in the workplace to toughening penalties for violence against women.

Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten monetary policy further, even with inflation running far above target.

New Sandfire Resources managing director Brendan Harris says acquisitions would need to be extremely attractive to distract him from the task of getting the company’s two new mines performing to their full potential.

China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time.

Vodafone Idea is exploring both OpenRAN (ORAN) and virtualised RAN (vRAN) technologies to reduce the cost of deployment for its upcoming 5G network. The cash-strapped telco has already begun proof-of-concept (PoC) projects with Korea's Samsung for vRAN and US-based Mavenir Systems for OpenRAN-based 5G network. People familiar with the matter said Samsung is doing PoCs in 20 sites with Vodafone Idea in Tamil Nadu, while Mavenir is doing a similar project in the Punjab circle. «Vi is doing 5G trials in various circles with vendors such as Mavenir and Samsung using vRAN and ORAN deployment.

Germany and quickened in Spain, offering European Central Bank officials a partial picture of the region's price pressures as they judge whether to raise interest rates again. The numbers published Wednesday point to the possibility of a robust outcome when the eurozone report is released the following day data policymakers have highlighted as crucial to their September 14 decision. Consumer prices in Germany, the region's biggest economy, rose 6.4% in August from a year earlier, exceeding the median estimate of 6.3% in a Bloomberg survey of economists. While inflation in Spain was far lower, at 2.4%, that result marked a second month of acceleration, and an underlying measure stayed far higher. Any evidence of stubbornly strong consumer-price growth may yet convince the ECB to raise borrowing costs. Officials are weighing if underlying pressures are too strong to risk a pause, or whether a weakening economy can brake inflation without further tightening. That appraisal augurs what appears for now to be a cliffhanger decision in two weeks' time. Hawks such as Austria's Robert Holzmann have already signaled they may push for a hike, while his Finnish colleague Tuomas Valimaki insisted on Tuesday that the outcome is “totally open.”

Tomatina" festival. The vibrant event, an integral part of Spain's cultural fabric, transforms the town's cobblestone paths into a riot of red as tomatoes become the artistic medium for exuberant revelry.

Spain and Germany inflation releases could give some indication on the bloc's wider numbers due on Thursday. Inflation in Germany's most populous state, North Rhine-Westphalia (NRW), rose by 5.9 % year-on-year from 5.8% in July, supporting expectations that the European Central Bank's tightening cycle might not end soon. In Spain, consumer prices rose 2.6% year-on-year in August from 2.3% in July, and in line with the 2.6% expected by analysts polled by Reuters. Money markets raised their bets on a September rate hike from the ECB, pricing in a 60% chance of a 25 basis-point move. «A September hike at this stage could be more of a coin toss, but more importantly, we sense that the hawks will see it as a last chance to hike one final time,» said Benjamin Schroeder, senior rates strategist at ING. «One key input to arrive at a final assessment is the inflation data this week,» he added. The euro edged 0.1% higher to $1.0887. The dollar index — which measures the currency against six major peers including the yen and euro — slipped 0.1% to 103.47. On Tuesday, the dollar index slumped 0.39% for its worst day in a month-and-a-half, after a slide in JOLTS job openings to a 2-1/2-year low spurred traders to pare bets for further U.S.

European shares opened higher on Wednesday, as positive results from insurer Prudential lifted the sector, while investors awaited more key data to gauge the economic health of the region. By 0703 GMT, the pan-European STOXX 600 edged 0.1% higher after rising nearly 1% each in the previous two sessions. European insurers added 0.7%, with Prudential climbing 2.7% after the Asia-focused insurer posted a higher first-half operating profit. Shares of Direct Line Insurance Group rose 1% after the British motor and home insurer named Adam Winslow, a senior executive at Aviva, as its new CEO. Heavyweight energy stocks gained 0.4%, tracking higher crude prices, while basic resources added nearly 1% in early trade. Germany's DAX added 0.2% ahead of August inflation data due later in the day. Also on the radar would be Spain's inflation data and a euro zone consumer confidence print. Among other individual stocks, Orsted slumped 11.8% after the world's No.

The figures by fund manager Janus Henderson estimated that 88% of companies globally had either increased their dividends or held them steady in Q2, resulting in $568.1 billion worth of worldwide payouts since the start of the year. The fastest growth came in Europe, where a number of countries such Italy and Spain have introduced or are looking at windfall taxes on bumper profits made by banks and energy firms on the back of rising interest rates and energy prices. Dividends were up nearly 10% to $184.5 billion. That did not including Britain, where the quarterly total dropped to $30.7 billion from last year's $34.9 billion, when oil and gas firms saw a leap in payments after Russia's invasion of Ukraine sent commodity prices surging. This time around, the surge in global interest rates meant banks contributed half the world's dividend growth and drove a quarter of Europe's increase.

Solheim Cup golf championships will be held in successive weeks. Stacy Lewis will be the captain of the Solheim Cup Team America. It will have 12 golfers including those who will have wild card entries. She is a part of the PGA Tour. Lewis has selected Ally Ewing, Cheyenne Knight, and Angel Yin for the final spots. Talking about the selection, she said, “These three women earned their spots on this team, putting themselves into contention both with their play on the course and their teamwork off the course." While Team U.S.A. has performed well in the last two years, Team Europe will try to register its third consecutive win in Finca Cortesin Golf Club, Spain. Captain Zach Johnson has revealed that he has selected six wild card entries for the Ryder Cup 2023. He has picked up Scottie Scheffler, Wyndham Clark, Brian Harman, Patrick Cantlay, Max Homa, and Xander Schauffele as wild card entries. On the other hand, the Omega European Masters will offer one final chance for players to earn qualification points in their pursuit of featuring for Team Europe.