Tag: Spain

• Saturday, November 10th 2012 - 04:40 UTC

  Iberia survival plan: slash quarter of jobs, cut 15% network and downsize fleet

  

  Loss-making Iberia on Friday announced plans to axe 4.500 jobs to save Spain's biggest airline from collapse and warned more cuts could follow against the backdrop of economic crisis in the Euro zone country.

• Tuesday, November 6th 2012 - 06:25 UTC

  Spain breaks another unemployment record in October; 52% for the under 25

  

  The number of job seekers in Spain soared to the highest level in at least 16 years in October, the Labour Ministry reported on Monday. As recession deepens the number of officially unemployed jumped by 128,242 people in October which means about 4.83m people were jobless at the end of last month, an increase of 2.7% on September.

• Tuesday, November 6th 2012 - 06:20 UTC

  US group prepares to take over debt-laden Spanish chain NH Hotels

  

  Spain's NH Hoteles has received a preliminary offer from US private equity firm KKR to buy bonds that can be converted into shares of the debt-laden hotel chain. NH Hoteles, Europe's third largest business hotel operator based on rooms, has long been tipped as a private equity target given its large debt and that of its savings bank shareholders, which together own nearly a third of the firm.

• Wednesday, October 31st 2012 - 23:34 UTC

  Gibraltar willing to enter a double taxation treaty with Spain

  

  Gibraltar said it complies with European Union and OECD regulations regarding finance centres and also indicated that it was willing to enter a double taxation treaty with Spain.

• Friday, October 26th 2012 - 21:30 UTC

  Spain unemployment and economic situation only comparable to Franco’s days

  

  Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.

• Thursday, October 25th 2012 - 19:06 UTC

  Santander quarterly profits plummet 90%; property losses provision of 3.5bn euros

  

  Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said.

• Tuesday, October 23rd 2012 - 21:20 UTC

  Gibraltar, a ‘smokescreen’ to distract Spain’s austerity cuts claims political party

  

  The Spanish leftwing political party Izquierda Unida [IU] has tabled questions in Spain’s parliament asking why Gibraltar continues to be a priority matter for the central government in Madrid.

• Monday, October 22nd 2012 - 03:11 UTC

  Spain wants to ban photos and filming of security forces ‘on exercise of their functions’

  

  The Spanish government challenged by growing protests and street demonstrations and a possible national strike next month is considering a ban on photographing, filming or reproducing images of police and state security forces that are on duty, according to officials.

• Monday, October 22nd 2012 - 03:04 UTC

  Landslides for Rajoy in Galicia but Basques raise the question of ‘independence’

  

  Spanish Prime Minister Mariano Rajoy conservative Popular Party on Sunday retained power in his home region of Galicia despite recession and biting austerity measures, official results showed.

• Thursday, October 18th 2012 - 18:32 UTC

  Gibraltar admitted to UEFA junior football and Futsal competitions

  

  Gibraltar Football Association President Gareth Latin announced that Gibraltar has been invited to participate in UEFA Under 17, Under 19 and Futsal competitions, commencing in September 2013, despite Spain’s “outright objection”.