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  • "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...

  • 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...

  • 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.

  • Spain's 'Xnet' corruption fighters expose graft Friday, 12 Dec 2014 | 6:00 AM ET

    And the secretive members of Xnet want others outside Spain to follow their lead. The online drop box for citizens' complaints they set up just three months ago has already paid off, exposing some of Spain's biggest corruption scandals. Xnet's biggest coup came in October, when it made public documents helping prove that senior officials at Spain's bailed-out...

  • LONDON/ MADRID, Dec 11- The battle to become the mobile partner of BT intensified on Thursday as the chairman of O2-owner Telefonica flew to London and the owners of EE indicated they were willing to offer more attractive terms to seal a rival deal. BT has been in talks with Telefonica and EE's owners, Orange and Deutsche Telekom since November about a deal to buy one...

  • FTSE falls for fourth session  Thursday, 11 Dec 2014 | 11:30 AM ET

    CNBC's Carl Quintanilla reports on all the market moving events in Europe today.

  • Swiss charge former HSBC analyst with data theft Thursday, 11 Dec 2014 | 8:47 AM ET

    The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing stole information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC. The Office of the Attorney General of Switzerland says the data theft charges...

  • Spanish news to vanish from Google News globally Thursday, 11 Dec 2014 | 7:24 AM ET

    MADRID— Google is locking Spanish publishers out of its popular Google News service in response to a new Spanish law that imposes fees for linking to the headlines and news stories on other websites. Besides closing Google News in Spain, Google Inc. also is blocking reports from Spanish publishers in the more than other 70 other international editions...

  • Spain's Zara owner 9-month profit back up on sales Thursday, 11 Dec 2014 | 4:29 AM ET

    MADRID— Spanish fashion retailer Inditex, which owns Zara stores, has returned to profit in the first nine months of the year thanks to strong sales. The company said Thursday profit for February to October rose 1 percent to 1.69 billion euros compared with 1.67 billion euros in the same period in 2013.. The company's shares were up 3.7 percent at 23.2 euros in...

  • Ferrari looks to burnish brand value ahead of IPO Thursday, 11 Dec 2014 | 1:11 AM ET

    MILAN— Ferrari's sleek sports cars and souped-up Formula 1 racing machines have made the prancing horse logo among the world's most powerful brands. The Made-in- Italy luxury goods sector is abuzz over whether Marchionne's ambition could facilitate the creation of an alliance of high-end producers, one that might stand up to the French conglomerates like...