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  • Spain handing out $3B in planet's biggest lottery Monday, 22 Dec 2014 | 4:21 AM ET

    MADRID— The drawing is underway in Spain for the world's biggest lottery payoff, a 2.5 billion-euro pot of cash that will be divided among thousands of ticketholders. Unlike lotteries that offer one large jackpot, Spain's Christmas season lottery distributes winnings to thousands. Before Spain's economic implosion in 2008, winners often splurged on new...

  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • SYDNEY, Dec 22- Spanish infrastructure group Ferrovial SA has walked away from a sweetened A $1.02 billion offer for Transfield Services Ltd, sending shares in the Australian contract services firm to two-month lows. Madrid- based Ferrovial ended talks late Sunday after Transfield, which runs Australia's offshore refugee detention centres, rejected an...

  • Rise of the car-sharing apps poses threat to auto sector Thursday, 18 Dec 2014 | 10:15 AM ET

    The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...

  • Ford shuts doors of Belgium's Genk plant Thursday, 18 Dec 2014 | 8:00 AM ET

    *Production to move to Valencia, Spain. GENK, Belgium, Dec 18- Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to shut the factory which employed some 4,000 people and to relocate production of new models to Valencia, Spain.

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • Russia's effect on European markets  Tuesday, 16 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bad day for Russia exposed stocks, and the BOE published the results of its stress tests.

  • Spain's Repsol buys Canada's Talisman for $8.3 bln Tuesday, 16 Dec 2014 | 4:26 AM ET

    MADRID— Spanish energy company Repsol is buying Canadian oil firm Talisman Energy for $8.3 billion, a combination that would be among the 15 largest privately owned oil and gas companies in the world, Repsol said Tuesday. Repsol S.A. said Talisman's incorporation will increase Repsol's output by 76 percent to 680,000 barrels of oil equivalent per day, and boost...

  • Spain: Google News vanishes amid 'Google Tax' spat Tuesday, 16 Dec 2014 | 4:21 AM ET

    MADRID— Google on Tuesday followed through with a pledge to shut down Google News in Spain in reaction to a Spanish law requiring news publishers to receive payment for content even if they are willing to give it away. The company's Spanish Google News page, normally full of aggregated news content, vanished and was replaced by a message saying Google was "...

  • UPDATE 4-Repsol to buy Talisman Energy for $13 billion Tuesday, 16 Dec 2014 | 3:15 AM ET

    *Repsol strikes deal to buy Canada 5th largest oil producer. MADRID, Dec 16- Spanish oil company Repsol said on Tuesday it had reached a deal to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $13 billion. Repsol will pay $8.3 billion Repsol for 100 percent of Talisman shares which represents a 56 percent premium to the Calgary- based...

  • LONDON, Dec 15- BT has entered exclusive talks with the owners of EE for a potential 12.5 billion pound deal to give the former UK state telecoms firm the top position in mobile as well as fixed line broadband services. BT had been in competing talks with both the Spanish group Telefonica's rival mobile firm O2 and EE's owners, Orange and Deutsche Telekom, putting...

  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • Confusion on the menu for European allergen rule Saturday, 13 Dec 2014 | 9:53 AM ET

    PARIS— A European rule requiring restaurants, bakeries and supermarkets— or anyone mass-producing meals— to list any of 14 allergens that might appear on their menus is being met with confusion. Italy and France, with their strong restaurant and cafe culture, had yet to outline how the rule approved three years ago should be put into effect. Beatrix Chiusole, a...

  • Spanish police investigates large meat plant fire Saturday, 13 Dec 2014 | 7:24 AM ET

    MADRID— Spain's national police says it has deployed sniffer dogs to help investigate a large fire that destroyed one of the country's largest meat plants last month in the northern city of Burgos. The fire on Nov. 16 gutted the Campofrio plant where 1,000 employees had worked, causing evacuation of parts of the city. Campofrio is Europe's largest producer of...

  • Uber French ruling latest in series of challenges Friday, 12 Dec 2014 | 12:58 PM ET

    A judge ordered Uber's temporary suspension in Spain, saying it represents unfair competition. The Madrid commercial court judge said this week in a preliminary ruling that Uber drivers lacked proper permits to transport passengers in Spain. The suspension was sought by Madrid's Taxi Association, which is planning legal action against Uber.

  • PARIS, Dec 12- Uber will continue to operate its UberPop transport service in France for now after a Paris commercial court rejected on Friday a request by competitors to ban the service. Three car companies and several taxi associations had sued the French subsidiary of the San Francisco- based company over what it deemed unfair competition, saying among other...

  • *Repsol executives in Calgary for bid talks- source. MADRID, Dec 12- Spanish oil major Repsol SA is finalising an offer for Canada's Talisman Energy Inc and has sent executives to Calgary to step up talks, a source with knowledge of the matter said on Friday. Shares in the Calgary- based company, Canada's fifth-largest independent petroleum producer, rose 33.6...

  • European markets close in red  Friday, 12 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including stocks falling 5 percent in one week.

  • French court says Uber may infringe on taxi law Friday, 12 Dec 2014 | 6:23 AM ET

    A judge ordered Uber's temporary suspension in Spain, saying it represents unfair competition. The Madrid commercial court judge said this week in a preliminary ruling that Uber drivers lacked proper permits to transport passengers in Spain. The suspension was sought by Madrid's Taxi Association, which says it is planning legal action against Uber.