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Spanish cheese, wine and oil to be subject to new US tariffs

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Spanish cheese, wine, olive oil and pork products will be affected by the United States government’s decision to introduce new duties on certain European Union exports starting on October 18. The move comes after the World Trade Organization (WTO) ruled that the US can impose annual tariffs on as much as $7.5 billion worth of European exports in retaliation for ... Read More »

Jobs facing ax and millions in losses: How the Thomas Cook collapse affects Spain

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The collapse of Thomas Cook has left a huge hole in the Spanish tourism industry. The British travel group, which ceased activity on Monday after failing to secure funding, is one of the largest sources of tourists to Spain, bringing around 3.6 million passengers to the country every year. Spanish companies, especially in the Canary and Balearic Islands, where Thomas ... Read More »

Bottled gas prices fall again: Cheapest in three years

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BOTTLED gas has dropped in price again today ) for the fifth time on the trot and is now at its lowest in three years. As at yesterday, butane gas cost €12.78 for a standard 12.5-kilo orange bottle – the lighter-weight silver bottles not being subject to State price control, meaning they are usually more expensive – but has now ... Read More »

Spain’s Socialist party would maintain lead, polls show

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MADRID: Spain’s Socialist party would win a November election and gain more seats, two polls showed but it would fall short of a majority and would still need support from other parties to form a government. The Socialists finished first in an inconclusive national election in April but acting Prime Minister Pedro Sanchez has failed to form a government with ... Read More »

Spanish stocks-Factors to watch on Monday

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The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: TELEFONICA The Spanish telecom group is considering making a bid for its Brazilian rival Oi and has hired an investment bank to advise it on buying some or all of the company, ... Read More »

Spanish industry feels the strain of global economic slowdown

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The goal of having industry represent 20% of Spain’s gross domestic product (GDP) seems increasingly like a pipe dream. Instead of gaining weight in the national economy, industry is retreating. The latest indicators point to a slowdown in manufacturing, increasing the risk that industry’s contribution to GDP could fall below last year’s figure of 14%. The only time when this ... Read More »

Tourism, jobs, pollution: the pros and cons of Barcelona’s 3m cruise ship visitors

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Over 3 million visitors arrived in Barcelona on cruise ships in 2018, making the city Europe’s biggest cruise destination ahead of other top ports including Palma de Mallorca, Venice or Southampton. Barcelona is also the fourth top cruise destination globally, and the president of Barcelona’s Chamber of Commerce, Joan Canadell, says it ‘is a good thing for the country.’ Those ... Read More »

Spain makes new offer to help migrant rescue boat off coast of Italy

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Spain has made another offer to the Open Arms migrant rescue vessel situated off the coast of Italy to dock at the nearest Spanish port. It’s after the boat with more than 100 people on board rejected a plan to dock in Algeciras because it was too far away. The migrants, most of whom are African, had been picked up ... Read More »

Spain’s Socialists rise above 40%, voter poll shows

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MADRID: Spain’s Socialist party extended its lead in an opinion poll published which potentially put it on course to challenge for a majority in a snap election days after it failed to persuade lawmakers to confirm it in government. Party leader Pedro Sanchez has been acting prime minister since April when the Socialists finished first in an inconclusive national election. ... Read More »

Spain’s Podemos demands bigger government role to back Sanchez as PM

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MADRID: Spain’s far-left Podemos on Monday demanded higher profile government posts, upping the ante on the eve of Socialist Pedro Sanchez’s confirmation vote as prime minister after politicians from both sides had said a deal was within reach. Almost three months after an inconclusive national election left the Socialists as the biggest party but short of a majority, parliament began ... Read More »

Spain: poverty hits millions despite growth

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But this is a special day for them. They are here with social workers from the organisation Entre Amigos (Between Friends). They are part of the millions of Spaniards who are not reaping the benefits of the economic upturn. We travel with them to their neighbourhood in Polígono Sur, known as ‘the ’3.000 homes’, one of the poorest in Spain. ... Read More »

Bank of Spain improves economic growth outlook for 2019

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The Bank of Spain has improved its 2019 growth outlook for the Spanish economy, raising it to 2.4% from the 2.2% it predicted in March. The reason for this uptick is the fact that the economy has demonstrated “greater strength than anticipated,” said Óscar Arce, the Bank of Spain’s head of research, at a news conference. From now on the ... Read More »

Bank of Spain improves economic growth outlook for 2019

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The reason for this uptick is the fact that the economy has demonstrated “greater strength than anticipated,” said Óscar Arce, the Bank of Spain’s head of research, at a news conference. From now on the pace of growth will gradually slow down, according to the supervisor, which also warned about the risks to the job market from the minimum wage ... Read More »

Spanish police bust drug ring that smuggled cocaine-laced plastic

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MADRID: Spanish police have busted a cocaine-smuggling ring that dodged detection by mixing the drug with industrial plastic pellets before chemically removing it in three specially designed laboratories. Twelve people were arrested as part of the operation announced on Wednesday, which police hailed as the country’s biggest-ever seizure of cocaine-processing infrastructure. One of the laboratories, which are located in Madrid ... Read More »

Rijeka port completes first phase of Zagreb Deep Sea Container Terminal

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Rijeka port authority has completed the first phase of the construction of the Zagreb Deep Sea Container Terminal on May 23, with a total investment of €112.5 million ($126 million), of which €84 million ($94.1 million) was covered by a World Bank loan and €28.5 million ($31.9 million) was allocated from the Croatian state budget. The Zagreb DSCT was implemented ... Read More »

Spain creates nearly 600,000 jobs in a year, but unemployment rises in first quarter

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The Spanish labor market is proving to be more resilient than most people expected at a time of internal and external uncertainty. While unemployment grew in the first quarter of 2019, the Spanish economy has created 596,900 jobs over the past 12 months, representing a 3.14% increase, according to data released on Thursday by the National Statistics Institute (INE). This ... Read More »

TUI warns of 2019 headwinds from Spain overcapacity, 737 MAX grounding

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TUI said its first-half losses deepened due to airline overcapacity for Spain and the grounding of its 15 Boeing 737 MAX planes. These two issues could plague the Anglo-German tour operator over the rest of the year. TUI said it needed clarity over the status of its grounded planes by the end of May or it will take another hit ... Read More »

Police in Spain seize 2.7 tonnes of hashish

This undated handout photo released on September 14, 2016 by Guardia Civil shows bales of hashish at the Cartagena seaport seized by Spanish Civil Guard off the Spanish Murcia region coast.
The Spanish Civil Guard said on September 14, 2016 they seized this weekend 14.5 tons of hashish and arrested two people, one Bulgarian and one Dutchman, aboard a sailboat sailing off the southeast Spanish coast of Murcia region. / AFP PHOTO / Guardia Civil / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / GUARDIA CIVIL " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

A three-year joint operation by Spanish and Italian police has resulted in the seizure of 2.7 tonnes of hashish in the Spanish region of Andalusia. Forty-four people have been arrested and more than 70,000 euros weres seized, along with illegal firearms. Those arrested were mostly suspected members of the Italian ‘Ndrangheta group and the Spanish “Los Castanas Clan”. They face ... Read More »

Spain creates nearly 600,000 jobs in a year, but unemployment rises in first quarter

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The Spanish labor market is proving to be more resilient than most people expected at a time of internal and external uncertainty. While unemployment grew in the first quarter of 2019, the Spanish economy has created 596,900 jobs over the past 12 months, representing a 3.14% increase, according to data released on Thursday by the National Statistics Institute (INE). This ... Read More »

Airbus considers legal action against Germany over Saudi ban: sources

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Airbus is considering suing the German government as its freeze on arms exports to Saudi Arabia means the company is unable to complete a border security system for the Gulf state, two people familiar with the matter said. In October, Germany decided to reject future arms exports licenses to Saudi Arabia over the killing of journalist Jamal Khashoggi, and to ... Read More »