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Europe Top News and Analysis Spain

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  • MADRID— Spain's prime minister Friday promised a 1 percent pay rise for Spain's 2.5 million civil servants in the 2016 budget, their first hike in five years after public spending was reined in because of the country's economic crisis. Spain was battered by the global financial crisis and only emerged from a double-dip recession at the end of 2013. It still has a...

  • *BBVA posts solid Q2 results, helped by Spain rebound. MADRID, July 31- A combination of acquisitions in its home market and a strong performance in Mexico helped Spanish bank BBVA increase revenues and profits in the first half of the year, showing the benefits of a growth strategy many local rivals are now looking to emulate. Even BBVA, which like local rival...

  • Caracas shopkeeper Wilmer Ruiz realized last week that he couldn't call his family in Cuba or a friend who immigrated to Ecuador. Both countries have been staunch allies of Venezuela's 16- year socialist revolution. Internet calling services like Skype go only so far toward resolving the issue.

  • MADRID, July 30- Spanish telecoms group Telefonica raised its 2015 revenue forecast after it reported strong second-quarter results on Thursday, saying its problematic home market was beginning to return to growth. However the economy has been recovering since mid-2013 and Telefonica has spent the last three years restructuring its business and...

  • MADRID, July 30- Spain's economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged from a prolonged downturn in mid-2013, economic growth has been driven by a steady rise in consumer...

  • Spain's economy maintains fast growth in Q2 Thursday, 30 Jul 2015 | 5:01 AM ET

    MADRID— Spain's economy expanded by 1 percent in the second quarter compared with the previous three-month period, its best rate since before the economic crisis began in 2007.. It was Spain's eight consecutive quarterly growth figure. Spain was battered by the global financial crisis and only emerged from a double-dip recession at the end of 2013. It still...

  • ROME— Pope Francis has declared a Jubilee Year for Rome, and the first of as many as 30 million people may start pouring into Rome. Just when Rome needs to be at its best, the city is being shamed by corruption scandals and a breakdown in public services— especially in the mass transit that many of the pilgrim masses will use. The actions are part of a protest against Rome...

  • European markets close in the green Tuesday, 28 Jul 2015 | 11:22 AM ET
    European markets close in the green

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Honeywell buying Melrose's Elster meter unit.

  • How to cash in on airport overhauls: Expert Monday, 27 Jul 2015 | 4:26 PM ET
    A departure terminal at Frankfurt Airport, operated by Fraport AG.

    LaGuardia is publicly owned, but investors can buy shares of firms that manage transportation hubs abroad, a fund manager said.

  • European markets close: Selloff in commodities Friday, 24 Jul 2015 | 11:27 AM ET
    European markets close: Selloff in commodities

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Europe miners and earnings impact.

  • LE VERNET, France— The families of those killed in the Germanwings plane crash released white balloons into the air Friday, holding a ceremony in the French Alpine village exactly four months after the plane's co-pilot crashed the Airbus 320 into a nearby mountain. French prosecutors say co-pilot Andreas Lubitz locked the pilot out of the cockpit on the March...

  • European markets flat on day Thursday, 23 Jul 2015 | 11:30 AM ET
    European markets flat on day

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including earnings.

  • BERLIN— In the race to secure business deals with Iran, Germany was quickest out of the blocks. On Sunday, Economy Minister Sigmar Gabriel became the first senior Western official to visit Iran following last week's agreement to ease sanctions on the Islamic nation in exchange for concessions on its nuclear program. Last year, Germany imported goods worth 295...

  • UPDATE 1-Job insecurities mar Spain's labour rebound Thursday, 23 Jul 2015 | 4:41 AM ET

    MADRID, July 23- Eric Martin, a freelance property agent, also drives trucks and sometimes moonlights as a football referee. As Spain emerges from a deep downturn, short-term job contracts like Martin's are helping to chip away at an unemployment rate that is falling but still affects 22.4 percent of the workforce, second only to Greece's in Europe.

  • MADRID, July 23- Spain's jobless rate dropped to its lowest level in over three years in the second quarter, offering a boost to Prime Minister Mariano Rajoy as he seeks to persuade voters that an economic recovery is taking root. At 22.4 percent, the unemployment rate is still higher than anywhere else in Europe bar crisis-hit Greece and it has not dipped below a...

  • Spain's jobless rate drops as government eyes elections Thursday, 23 Jul 2015 | 3:42 AM ET

    MADRID— Statistics released Thursday said Spain's unemployment rate dropped to 22.4 percent in the second quarter, welcome news for the governing Popular Party as it prepares for upcoming general elections. Spain's jobless rate is still the second highest in the EU after that of Greece. Prime Minister Mariano Rajoy said Thursday the figures were "excellent,"...

  • Job insecurities mar Spain's labour rebound Thursday, 23 Jul 2015 | 2:00 AM ET

    MADRID, July 23- Eric Martin, a freelance property agent, also drives trucks and sometimes moonlights as a football referee. As Spain emerges from a deep downturn, short-term job contracts like Martin's are helping to chip away at an unemployment rate that affects nearly a quarter of the workforce and is second only to Greece's in Europe. But they are accentuating...

  • European markets close: Goldman's view Tuesday, 21 Jul 2015 | 11:26 AM ET
    European markets close: Goldman's view

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Goldman's 3-month view.

  • BERLIN, July 21- The families of 18 schoolchildren and teachers killed in the Germanwings crash have called for an apology from the head of Lufthansa, saying their children might still be alive if the airline's doctors had paid more attention to the pilot's health. The children and their teachers were returning to Germany from an exchange trip in Spain when the...

  • BERLIN— A group of parents whose children were killed in the Germanwings plane crash in March on Tuesday released a scathing letter to Lufthansa's CEO, accusing him of ignoring their needs and feelings and insulting them with his company's compensation offer. Prosecutors believe the Airbus A320 was intentionally crashed into a French mountain by co-pilot...