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Europe Top News and Analysis Spain

  • Park Guell in Barcelona, Spain.

    Spain's economy is heading in a "very good direction" and is set to grow more than the European Union, the CFO of the Spanish lender Bankia told CNBC on Thursday.

  • MADRID— Official statistics show the number of unemployed in Spain fell below the 4 million mark for the first time in more than eight years as new contracts were signed for the summer tourism season. The figure is still the second-highest rate in the 28- country European Union behind Greece. Unemployment in Spain peaked at 27 percent in 2013 just before it began...

  • MADRID _ Telefonica SA on Thursday reported net income of $902.1 million in its second quarter. On a per-share basis, the Madrid- based company said it had profit of 17 cents. Telefonica shares have risen 19 percent since the beginning of the year.

  • MELBOURNE, July 27- Australia is building a superhighway offering free charging stations in a bid to boost use of electric vehicles, the northeastern state of Queensland said on Thursday, most of its route fringed by the Great Barrier Reef tourist attraction. Australia's new superhighway, an 1,800- km stretch of mostly coastal road alongside the Great Barrier...

  • LONDON/ PARIS, July 27- Europe's major oil and gas companies have turned a corner after a three-year slump, reporting strong growth in profits as cost cutting paid off and vowing to press on with saving more money amid a fragile recovery in oil prices. "This demonstrates they have moved themselves to a new level of profitability at $50 oil," said Colin Smith, director...

  • MADRID— Spanish energy company Repsol says strong production and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year. Repsol said Thursday that profit for the January-June period reached 1.05 billion euros compared with 639 million euros for the first half of 2016.. During the first half of 2017, Repsol also...

  • *Singapore to be test bed for fast-growing SE Asia- analysts. SINGAPORE, July 27- Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. While Amazon already delivered to Singapore, higher-end...

  • SINGAPORE, July 27- Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding. While Amazon does deliver to Singapore, higher-end services had not been available, such as Prime services which...

  • July 26- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. The association expects 3,000 to 5,000 new jobs in Frankfurt over the next two years as a result of Brexit, its head Stefan Winter, of UBS, told German newspaper Welt am Sonntag in June. Bank of America became the...

  • *Britain says long goodbye to internal combustion engine. LONDON, July 26- Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to ban diesel vehicles from...

  • *Britain says long goodbye to internal combustion engine. LONDON, July 26- Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of popular use of the fossil fuel-guzzling internal combustion engine. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to...

  • SAN FERNANDO DE HENARES, Spain— Spain's Prime Minister Mariano Rajoy told Spain's National Court on Wednesday that he didn't know anything about the ruling Popular Party's accounting when a kickbacks-for-contracts scheme allegedly helped its funding. Wednesday's hearing is the first time a Prime Minister has appeared in court while holding office since...

  • MADRID— Spain's economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession. Minister Luis de Guindos tells Spanish newspaper ABC that he expects Spain's economy to expand 3.2 percent this year. Spain emerged from recession in late 2013 and is now one of the European Union's...

  • MADRID— The city of Madrid has asked Spain's anti-trust watchdog to investigate whether Uber's new airport transport service violates fair competition laws. Uber, the San Francisco- headquartered mobile ride-hailing service, offers rides from 15- 29 euros from Madrid's airport to the city center. In a statement Saturday evening, Madrid's city hall says "...

  • MADRID, July 22- Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition. The firm's recently launched Uber Airport service offers a tariff of 15- 29 euros for a ride between Madrid's Barajas international airport and the city centre.

  • FRANKFURT, July 22- Carmaker Seat sees compressed-natural-gas as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday. Seat was betting on CNG in order to compensate for falling diesel car sales, its chief executive Luca de Meo was quoted as saying in part of a report due to run in full in the July 24 issue of...

  • LONDON, July 21- AstraZeneca Chief Executive Pascal Soriot, responding to rumours he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work together with employees to see the company succeed. A company spokeswoman added he was intending to attend the European Society for Medical Oncology annual meeting in...

  • LONDON, July 21- AstraZeneca Chief Executive Pascal Soriot, responding to rumours he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work "together" with employees to see the company succeed. A company spokeswoman added he was intending to attend the European Society for Medical Oncology annual meeting in...

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. Citi is one of several banks opting to build up a subsidiary in Frankfurt so that its trading operations in the EU can...