Thursday , September 21 2017
Breaking News


Spanish police raid Catalan government to halt banned referendum


  MADRID: Spanish police raided Catalan government offices and arrested officials on Wednesday to halt a banned referendum on independence, an action the regional president said meant Madrid had effectively taken over his administration. Hundreds of protesters gathered outside the regional government offices in the center of Barcelona’s tourist district, waving the red-and-yellow Catalan flag and chanting “Occupying forces out” ... Read More »

Falcao to plead guilty to tax fraud in Spain


MADRID: Falcao, who now plays in the French league for Monaco, was accused of not properly declaring around €5.6m earned in image rights between 2012 and 2014. The striker will plead guilty to the charge, taking sole responsibility, a source on his legal team said, confirming reports in Spanish newspaper El Mundo. Falcao paid €8.2m to the Spanish authorities in ... Read More »

Cumbernauld woman faces drug smuggling charges in Spain


  MADRID: A Cumbernauld woman has been arrested in Spain after police swooped on an alleged drugs smuggling ring. Stephanie Morgan (25) a former beautician is one of 12 Britons who were arrested after being accused of supplying drugs to clubbers in the Punta Ballena district of Magaluf. The arrests which also involve two non-British suspects were made last Thursday ... Read More »

France, Germany, Italy, Spain seek tax on digital giants’ revenues


  MADRID: France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated ... Read More »

Catalonia pushes Spain toward crisis


MADRID: The battle for Independence by the wealthy Spanish state of Catalonia hit crisis point on Friday as the country’s Constitutional Court, Spain’s highest legal authority, suspended the vote planned for 1 October. The central government called the move an attack against Spain’s and Catalonia’s institutional order. Although the decision was widely expected, Carles Puigdemont, the regional president, said that ... Read More »

China helps drive Spain’s wine exports


  MADRID: Spain’s wine exports in the first half of the year have reached a record high to €1.3207 billion, up by 6% over the same period, driven by strong demand from China. According to a report by national newspaper El País, the increase in export values is a result of a hike in the average price of exported wine ... Read More »

Bunzl’s first half revenues and profits grow


  MADRID: Bunzl has been expanding its business through acquisitions and expects this strategy to support continued growth delivery truck. Distribution and outsourcing company Bunzl PLC said it has completed its first acquisition in China as it reported growth in first half revenues and profits. Bunzl has bought Shanghai-based HSESF, which sells personal protection equipment, bringing the number of acquisitions ... Read More »

Spain: economy grows by 3.1% in Q2


  MADRID: The Spanish economy has now enjoyed almost four straight years of growth following a 0.9% increase in GDP in the second quarter and 3.1% in the last 12 months, according to the National Accounting figures published by the INE [National Statistics Institute]. This means the rate of growth has increased by one-tenth in both the annual and the ... Read More »

Spanish honey production drops


  MADRID: Honey production in Spain dropped 4.08% last year, the country’s agriculture ministry warned. A decline in bees, which pollinate between 5% and 8% of global food production, poses a serious threat the food chain. The drop in honey production breaks the growing trend that started in 2012, according to the annual report on economic indicators published by Spain’s ... Read More »

Concentrating solar power market size to reach $8.92b


MADRID: The global concentrating solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth. Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrating ... Read More »

Spain’s Tamesol breaks into Turkish market bagging 37 MW of projects


MADRID: As an exclusive partner of Tamesol, Arevo Enerji Sanayi Ve Ticaret AS will be responsible for the import of the Spanish manufacturer’s solar panels through Turkey’s ports of Mersin, Istanbul and Izmir. Under the agreement signed between the two parties, Arevo will initially import 130,000 units of Tamesol’s solar PV modules for several projects that add up to 37 ... Read More »

Guardia Civil Association calls for fast launch ban in Spain


MADRID: The Spanish Guardia Civil Association has called for a ban on fast launches of the kind used for drug smuggling, citing Gibraltar as an example where this has worked well. The AEGC issued a statement calling for the creation of a permanent elite unit, to better tackle what they called the “dangerous” drug trafficking gangs that work in the ... Read More »

101 Arrested over people smuggling ring in Spain


MADRID: More than 100 people have been arrested in Spain after police busted a criminal network responsible for smuggling Iranian nationals into the UK on commercial flights, Europol said in a statement on Thursday. The network, which operated out of Malaga, charged Iranian migrants around €25,000 ($30,000), in exchange for fake Spanish passports, travel documents, transfers and accommodation, according Europol. ... Read More »

Spanish Police nabs human traffickers gang


MADRID: Police in Spain have smashed a gang of 101 people smugglers which was charging illegal immigrants more than £22,000 to reach Britain. Officers arrested 14 of the 15 suspected members in Malaga but the alleged ringleader was held at London’s Heathrow Airport as he tried to flee to Brazil. Nearly 50 Iranians using falsified Spanish passports they bought from ... Read More »

Spanish billionaire for allegedly trying to smuggle  Picasso


MADRID: In the ongoing legal case against Spanish billionaire Jaime Botín, who’s accused of smuggling a Picasso out of Spain, the prosecutor has requested a four-year prison sentence and a €100 million fine against the heir and collector, a member of Spain’s most successful banking family. Botín is the owner of an early painting by Pablo Picasso, Head of a ... Read More »

Orange Spain revenues soar 9% in Q2


MADRID: Orange Spain was by far the parent group’s best performing unit in the three months to June, reporting revenues up 8.8 percent year on year to EUR 1.34 billion, driven by 141,000 net fibre additions in the quarter and 148,000 more mobile contracts. A total of 3.1 million customers had a converged services plan on 30 June, up 5.2 ... Read More »

Multi-agency cross-border crackdown on tobacco smugglers


MADRID: Over 30 people were stopped close to the border fence during cross-border multi-agency operations targeting tobacco smugglers early Wednesday morning. The operations drew on officers from the Royal Gibraltar Police, HM Customs and the Gibraltar Defence Police on the Gibraltar side, with the Guardia Civil, the Policia Nacional, the Servicio de Vigilancia Aduanera and La Linea’s Policia Local involved ... Read More »

Dozens arrested in Spain for Europe-wide horsemeat scam


MADRID: Spanish police have arrested and charged 65 individuals over a continent-wide ring that traded in horsemeat from animals “in bad shape, too old or simply labelled as ‘not suitable for consumption,'”according to a statement released by Europol. Spain’s Guardia Civil, in coordination with Europol, the European police agency, charged the individuals with crimes including animal abuse, document forgery, perverting ... Read More »

Spain seizes 3m packs of tobacco smuggled near Cadiz


MADRID: n waters close to the Bay of Cadiz in the early morning of last Wednesday, the Spanish Tax Agency seized over three million packs of contraband tobacco found in six containers being transported by a tug boat and cargo ship heading for the Huelva coast. The seizure, carried out as part of Operation ‘Escudo’, is the largest ever conducted ... Read More »

BIR, Customs workers march against TTRA


MADRID: As Government moves ahead with plans to establish the Trinidad and Tobago Revenue Authority (TTRA) before year’s end, the Public Services Association (PSA) has warned it will not take this autocratic decision “quietly.” To demonstrate their rejection of the initiative, which is reportedly scheduled to come on stream by October 1, hundreds of workers from the Customs and Excise ... Read More »