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  • MADRID— Tens of thousands of commuters in the Spanish city of Barcelona suffered travel chaos Tuesday as smoke from a fire filled railway tunnels and forced authorities to suspend train service for several hours. The city's firefighting department said the fire started around 6 a.m. in trash that had accumulated at a disused station in the northeastern city.

  • MADRID— An explosion at a biodiesel plant has killed two workers and left one survivor seriously injured, Spanish emergency services said Saturday. The Emergency Coordination and Information Center for the regional government of Valencia said the explosion occurred at around 11 a.m. Saturday at a fuel production plant in Algemesi, 33 kilometers south of the...

  • DIARY-Top Economic Events to Feb 17 Thursday, 4 Feb 2016 | 7:00 PM ET

    LONDON- European Central Bank's Supervisory Council member Daniele Nouy to participate in panel discussion at European Banking Authority 5th Anniversary Conference- 1130 GMT. LONDON- Bank of England's Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey to participate in panel...

  • *France, Italy, Spain, Portugal at odds with EU commitments. BRUSSELS, Feb 4- Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro. Governments also argue that they need to spend...

  • Spain: Jet evacuated in Madrid after hoax threat Thursday, 4 Feb 2016 | 7:36 AM ET

    MADRID— Passengers on a jet set to leave Madrid for Saudi Arabia were evacuated Thursday after the pilot reported an unspecified threat that authorities later determined was a hoax. The Saudi Arabian Airlines jet taxied to a remote part of Madrid's airport Thursday after the threat was reported and all passengers safely disembarked, a spokeswoman for...

  • European markets close after weak data Wednesday, 3 Feb 2016 | 11:30 AM ET
    European markets close after weak data

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including falling retail sales in the euro zone.

  • BRUSSELS, Feb 3- European lawmakers on Wednesday backed a compromise deal to reduce car emissions that will still allow vehicles to exceed official pollution limits, defying calls for more radical reform following Volkswagen's emissions-test cheating scandal. The European Commission, the EU executive, had already begun trying to close a known gap between...

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • MADRID— A large cargo ship that went adrift last week in the Bay of Biscay is nearing the northern Spanish port of Bilbao following a towing operation that has lasted days. The crew on the Panama- registered vessel was evacuated after issuing a distress call last Tuesday. Authorities had feared it would run aground in southwestern France.

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...

  • Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...

  • European stocks extend losses at close Tuesday, 2 Feb 2016 | 11:30 AM ET
    European stocks extend losses at close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including markets falling across the board.

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • European markets close Monday, 1 Feb 2016 | 11:30 AM ET
    European markets close: Banks, airlines on the move

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including merger activity in the Italian banks.

  • Spain: Ex-IMF boss to stand trial in bank card probe Monday, 1 Feb 2016 | 10:10 AM ET

    MADRID— Spain's National Court says it will try Rodrigo Rato, the former head of the International Monetary Fund, and 65 others for alleged misuse of corporate credit cards issued by Spain's Bankia group. The court said in a statement Monday that there were signs of fraudulent administration and misappropriation of bank funds by the accused in the use of the "...

  • PARIS— Rescuers successfully diverted a cargo ship threatening to run aground in southwestern France after five days adrift, and started towing it Tuesday toward the Spanish port of Bilbao. The maritime authority for France's Atlantic Coast said in a statement later that the towing operation was successful and the ship was towed far enough from the coast to...

  • *Bankia beats on 2015 profit, rises 34 pct to 1.04 bln eur. MADRID, Feb 1- Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40 percent rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook. Falling charges against soured debts as Spain's economy rebounded helped Bankia post...

  • MADRID, Feb 1- Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40 percent rise in net profit for 2015, although a legal bill linked to its troubled flotation is clouding its outlook. It is now entering a key phase for its return to private hands as Madrid, which owns around 64 percent of the bank, vowed to sell off Bankia by the end of 2017..