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Europe Top News and Analysis Spain

  • MADRID— Air traffic in Spain's popular Balearic islands is catching up after a navigation company fixed a technical glitch that caused a three-hour delay on the eve of a busy Easter holiday. Air navigation company Enaire said Palma de Mallorca airport was operating at 75 percent of its capacity by Wednesday afternoon for incoming flights after a major...

  • LONDON, April 11- IAG plans to expand its new low-cost, long-haul airline Level to other European cities, after a successful first month that has seen bookings of the Barcelona- based service top 100,000.. The airlines group, which owns British Airways, Iberia and Ireland's Aer Lingus, launched Level on March 17, offering flights from Barcelona to the Americas in...

  • FRANKFURT/ LONDON, April 11- Cross-border banks in London looking to shift operations to the euro zone after Britain leaves the European Union should allow at least six months for a new licence, the European Central Bank said on Tuesday. Banks in London fear a "hard" Brexit with no access to the bloc's single market after 2019, and face pressure from regulators to...

  • FRANKFURT/ LONDON, April 11- Cross-border banks in London looking to shift operations to the euro zone after Britain leaves the European Union should allow at least six months for a new license, the European Central Bank said on Tuesday. Banks in London fear a "hard" Brexit with no access to the bloc's single market after 2019, and face pressure from regulators to...

  • LONDON/ MADRID April 10- A gap in EU financial rules is allowing member countries to compete to host the trading operations of London- based investment banks after Brexit by offering looser regulatory standards. This is largely because when the ECB became responsible for euro zone supervision in 2014 the bulk of broker-dealers were in London and therefore not...

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • SAO PAULO, April 6- Qatar Investment Authority's sold about 2.5 percent of Banco Santander Brasil SA for 2.3 billion reais in a restricted offering after banks exercised an option to buy extra units, the bank said on Thursday. Investors placed bids worth 2.5 times to three times the amount of units in Brazil's fourth biggest bank on offer, the sources said.

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • Barcelona, Spain

    Spain, France and Germany were ranked the world's most tourist-friendly countries this year, according to the World Economic Forum.

  • We’re an important engine for Spain: Gibraltar Chief Minister

    Gibraltar Chief Minister Fabian Picardo talks about the latest developments surrounding Brexit and Gibraltar’s significance in the negotiations.

  • Spain’s behavior has been abominable: Gibraltar Chief Minister

    Gibraltar Chief Minister Fabian Picardo explains if there was a vote today to stay in the U.K. or share sovereignty with Spain, Gibraltar would vote for staying with the U.K.

  • A Union Jack flag (bottom), the flag of Gibraltar (center) and the European Union flag fly in Gibraltar on March 28, 2017.

    The EU on Friday offered Spain veto rights over the future relationship between the British enclave of Gibraltar and the bloc after Brexit.

  • *Any trade deal would bar Britain from wage, tax "dumping". VALLETTA/ BRUSSELS, March 31- The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit. Those include paying tens of billions of euros and giving residence rights to...

  • *German annual inflation 1.5 pct in March. BERLIN/ MADRID, March 30- German and Spanish consumer inflation slowed more sharply than expected in March as oil prices slumped, data showed on Thursday, offering some respite to the European Central Bank as it faces pressure to wind down its monetary stimulus. The ECB has slashed interest rates into negative territory...

  • MILAN, March 30- Three employees of BT Group's Italian unit warned their Madrid- based supervisor in November 2015 about possible accounting problems at BT Italy, one of the three said, a year before the phone company revealed financial irregularities at the division. BT, one of Britain's oldest companies, said last October it had discovered "inappropriate...

  • Europe could be on track to encounter a shock wave up to five times as turbulent as the start of the euro zone debt crisis if Le Pen wins; UBS.

  • *Spot gold was mostly unchanged at $1,254.12 per ounce at 0102 GMT, after touching $1,261.03, the highest in a month, in the previous session. *Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he will support further interest rate hikes if the U.S. economy continues to make progress towards its goals of full employment and 2- percent...

  • Chief Executive Craig Kreeger put the impact on profits of Britain's decision to leave the European Union at around 50 million pounds after the carrier reported a 2 percent increase in underlying pretax profit for 2016 to 23 million pounds. Virgin Atlantic, which is owned by founder Richard Branson's Virgin Group with 51 percent and U.S. carrier Delta Air...

  • MADRID- Chicago Fed President Charles Evans and ECB Chief Economist Peter Praet speaks in Madrid- 1300 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Dallas Committee on Foreign Relations 1700 GMT. ONTARIO- Bank of Canada Governor Stephen Poloz will attend...

  • MADRID- Chicago Fed President Charles Evans and ECB Chief Economist Peter Praet speaks in Madrid- 1300 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Dallas Committee on Foreign Relations 1700 GMT. ONTARIO- Bank of Canada Governor Stephen Poloz will attend...