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  • SAO PAULO, April 24- The Spanish and Brazilian governments have teamed up to lay an undersea cable in the Atlantic Ocean to offer fast online and cloud services to citizens of both countries by 2019, underscoring efforts to rout communications outside North America. The cable will also connect the archipelagoes of Madeira, Spain's Canary Islands and Africa's...

  • BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs Council meeting 0800 GMT. FRANKFURT, Germany- "Frankfurt Finance Summit 2017." STOCKHOLM- Meeting of the executive board of the Riksbank- 0800 GMT.

  • **FRANKFURT- Deutsche Bundesbank Executive Board Member Andreas Dombret speaks in Frankfurt. BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs Council meeting 0800 GMT.

  • CARACAS, April 24- General Motors' Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees. Workers say that before the seizure was announced, GM had been dismantling the plant, which has not produced a car since...

  • BRASILIA, April 24- The governments of Spain and Brazil on Monday reinforced their commitment to completing a trade pact between the European Union and South American trade bloc Mercosur despite protectionist sentiments. On a two-day visit to Brazil, Spanish Prime Minister Mariano Rajoy said he agreed with Brazilian President Michel Temer about the need to...

  • BRASILIA, April 24- The governments of Spain and Brazil on Monday reinforced their commitment to completing a trade pact between the European Union and South American trade bloc Mercosur despite protectionist sentiments. On a two-day visit to Brazil, Spanish Prime Minister Mariano Rajoy said he agreed with Brazilian President Michel Temer about the need to...

  • MADRID— Thirteen ferry passengers were injured when the boat slammed into a breakwater in a port on the Canary Islands, Spanish authorities said Saturday. Manolo Vidal, spokesman for Naviera Armas, the company that owns the ferry, says that a "loss of electrical power" caused the accident as the boat was leaving the Puerta de la Luz on the island of Gran Canaria...

  • Pyotr Levashov, who was arrested in Barcelona, Spain, this month, is accused of running a computer network that sent hundreds of millions of spam emails worldwide each year. The Justice Department announced on April 10 that it had taken action to dismantle the Kelihos botnet and that Levashov had been arrested. The FBI in Connecticut is leading the investigation...

  • MADRID— The government says it has granted Spanish citizenship to the editor of Venezuela's El Nacional newspaper because of the political persecution it said he was subjected to in his country. A government statement Friday said Miguel Henrique Otero, whose paper is the last remaining national newspaper critical of Venezuelan President Nicolas Maduro's...

  • Spain can live with recent financial reforms, but going forward

    José María Roldán, chairman of the Spanish Banking Association, says that "having a current account surplus is going to be very important for us."

  • WASHINGTON, April 20- U.S. officials are reviewing Venezuela's seizure of General Motors Co's assets in the country, U.S. State Department spokesman Mark Toner said on Thursday. The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many U.S. companies. Total auto production in Venezuela fell to a historic low of...

  • WASHINGTON, April 20- U.S. officials are reviewing Venezuela's seizure of General Motors Co's assets in the country, U.S. State Department spokesman Mark Toner said on Thursday. "We are reviewing the details of the case," Toner said in a statement, saying the United States hoped to resolve the case "rapidly and transparently." GM said on Wednesday that Venezuelan...

  • General Motors said Thursday that it will stop doing business in Venezuela after authorities took control of its only factory there. Last month, a World Bank arbitration panel determined that Venezuela would not have to pay $1.4 billion to Irving, Texas- based Exxon Mobil for confiscating company assets during a wave of nationalizations.

  • MADRID, April 20- A Spanish High Court graft inquiry that has led to the arrests of people linked to the ruling People's Party widened on Thursday as police searched the offices of construction group OHL and technology firm Indra. Mariano Rajoy is not accused of any wrongdoing, but the investigation is an embarrassment for the Spanish Prime Minister who has...

  • DETROIT— General Motors became the latest corporation to have a factory or other asset seized by the government of Venezuela, and the Detroit automaker faces an uphill battle to recover any damages. GM said Thursday that its only factory in Venezuela was confiscated a day earlier, as anti-government protesters clashed with authorities in a country that is...

  • VALENCIA, Venezuela— General Motors announced Thursday that it was shuttering its operations in Venezuela after authorities seized its factory in the country, a move that could draw the Trump administration into the escalating chaos engulfing the South American nation amid days of deadly protests. The seizure arose from an almost 20- year-old lawsuit...

  • *Merck, Bristol, Roche also have important upcoming news. LONDON, April 19- Three years after Pfizer's failed bid for AstraZeneca, the British drugmaker aims to prove in the coming weeks that its cancer immunotherapy can deliver on bold sales forecasts made during that takeover battle. "I think there will be multiple approvals in the first-line space," Naiyer Rizvi,...

  • *New law in Denmark forced end to Uber service there. COPENHAGEN, April 18- Uber Technologies sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an Uber executive said. "I am typically rather excited about some of the...

  • Just ask Mathilde Thomas, who co-founded the Caudalie luxury skin care and spa company after meeting a doctor in 1993 at her family vineyard in the French city of Bordeaux. The Paris- based company has high-end spas in locations including New York, Istanbul, Versailles and Bordeaux. Thomas, who worked from New York City for years before recently moving to Hong Kong...

  • Chinese commuters ride shared bicycles during rush hour on April 12, 2017 in Beijing, China.

    Ofo CEO Dai Wei, a 26-year-old entrepreneur who named his firm Ofo as the letters look like a bike, revealed the figure in a conversation with CNBC.