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Europe Top News and Analysis Spain

  • 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...

  • 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. In a memo to staff Jim Cowles, the bank's head of Europe, Middle East and Africa, said the bank also planned to build up its...

  • MADRID— The lawyer defending a Russian computer programmer arrested in Spain says flaws in the extradition request by the United States signal a political motivation behind the prosecution. Attorney Juan Manuel Arroyo said accusations that 31- year-old Stanislav Lisov was involved in a network that used a Trojan virus to steal online financial...

  • MADRID— Spain's Civil Guard said Wednesday that a former chairman of one of the country's largest banks has been found dead with a gunshot to the chest in a private hunting estate in southern Spain. The former head of the now defunct Caja Madrid savings bank was awaiting the result of an appeal to a six-year prison sentence for misusing corporate credit cards...

  • MADRID— Guardia Civil says former chairman of one of Spain's largest banks has been found dead with a gunshot to the chest.

  • MADRID— The International Monetary Fund says it is raising the growth forecast for Spain in 2017 to 3.1 percent, due to improved levels of consumption, investment and exports amid a surging post-crisis recovery. The revised figure is 0.5 percentage points higher than the IMF's previous forecast in April. The country emerged from recession in late 2013 and is...

  • SINGAPORE, July 18- Asian sovereign investors are increasingly adding non-public firms to their portfolios amid pricey stock markets, a strategy that could be risky as they compete head-on for such deals with cashed-up private funds. Such investments of China Investment Corp and Singapore's Temasek Holdings, two of the biggest state investors in Asia, were...

  • SAO PAULO, July 14- Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, is working on a dual initial public offering in São Paulo and New York that could value it at up to 35 billion reais, three people with direct knowledge of the plan said. The IPO could be launched around September, when the people expect...

  • Vilnius International Airport, with a single 2.5- kilometer runway, will close Friday until Aug. 17. Some airlines, including Ryanair, have canceled all scheduled flights until September, and several popular direct flights between Vilnius and Madrid, Liverpool and Malta will not be flown during the closure. With 3.8 million annual passengers last year, Vilnius...

  • DOHA, Qatar— It's been more than a month since four Arab nations cut land, sea and air routes to Qatar, but in the gas-rich Gulf nation's glimmering malls and luxury hotels there is little sign of hardship. Grocery stores are brimming with meats and cheeses from Europe and Turkey, and just last month the country's main port received 4,300 cars and sheep from...

  • *Audi unveils revamped top-end A8 at glitzy Barcelona event. BARCELONA, July 11- Battered by its emissions scandal, Audi launched its latest technology-packed A8 luxury saloon on Tuesday, aimed at overtaking rivals Mercedes-Benz and BMW as it struggles to overcome its biggest-ever corporate crisis. On Tuesday Audi shifted the focus back to its products with...

  • **ABERDEEN, Scotland- Benjamin Broadbent, Deputy Governor for Monetary Policy at the Bank of England, will give speech at the Scottish Council for Development and Industry during a regional visit to Aberdeen 1100 GMT. **LONDON- Andy Haldane, Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England, will give speech as...

  • **ABERDEEN, Scotland- Benjamin Broadbent, Deputy Governor for Monetary Policy at the Bank of England, will give speech at the Scottish Council for Development and Industry during a regional visit to Aberdeen 1100 GMT. **LONDON- Andy Haldane, Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England, will give speech as...