Egyptian Fugitive Pleads Guilty to Rideshare Fraud After Extradition from Spain
NEWARK, N.J. – Today, Hatem Ghouneim, a 35-year-old Egyptian citizen, admitted his involvement in defrauding a rideshare company of hundreds of thousands of dollars. Ghouneim’s guilty plea to three counts of wire…
Spain says ECB’s tool to control government bond spreads are ‘appropriate’
MADRID – Spain’s Economy Minister Nadia Calvino said that the European Central Bank’s tools to try to keep government bond spreads down are adequate. “The tools the ECB is using right now…
Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance Minister Nadia Calvino said in a radio…
Spain leads EU pandemic funding race, but obstacles remain
MADRID – Spain, which was the first European Union country to receive a first tranche of pandemic recovery funding, on Monday was also the first to get European Commission approval for a…
Spain approves $9.5 billion aid package for vulnerable families
MADRID – Spain announced a 9 billion euro ($9.50 billion) package of measures on Saturday to help its most vulnerable households cope with soaring energy prices and inflation, including subsidies for transport…
Moderna to invest 500 million euros in Spain, PM Sanchez says
MADRID – Moderna plans to invest around 500 million euros ($520.60 million) in a new laboratory in Spain to boost its production of vaccines, Spanish Prime Minister Pedro Sanchez said on Tuesday.…
U.S. in talks with Spain, Canada about taking more refugees -sources
By Matt Spetalnick and Ted Hesson WASHINGTON – The Biden administration is in talks with Spain and Canada about taking more Western Hemisphere refugees for resettlement, people familiar with the matter said…
Spain retail sales rise 1.5% y/y in April
(Reuters) – Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the National Statistics Institute (INE) said on Friday.…
Former king to visit Spain after 2020 departure amid scandal
MADRID – Spain’s former King Juan Carlos will travel to his country this weekend for the first time since leaving for the United Arab Emirates in August, 2020 under a cloud of…
Bank of Spain sees moderate immediate risk to banks from climate policies
By Jesús Aguado MADRID – Spain’s transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing and agriculture, though any impact on banks…
Money Launderer Previously Extradited from Spain Sentenced to Five Years in Prison
BOSTON – A Dominican national was sentenced on Friday, April 8, 2022, in federal court in Boston for his role in a money laundering conspiracy. Jose Ernesto Pujols, 47, was sentenced by…
Bank of Spain urges banks to monitor risks, keep provisions amid Ukraine conflict
MADRID – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic impact from Russia’s invasion of Ukraine and…
Spain to launch financial consumers’ protection authority
MADRID – Spain is planning a consumer protection authority which aims to ensure banks and other financial institutions meet obligations towards customers, responding to complaints of unfair mortgage lending, and financial exclusion,…
$90 Million Yacht of Sanctioned Russian Oligarch Viktor Vekselberg Seized by Spain at Request of United States
WASHINGTON – Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned…
Spain expects Easter bounce to lift tourism to 80% of pre-COVID levels
MADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en masse for…
Spain March car sales slump as trucker strike adds to industry woes
MADRID – New car registrations in Spain fell more than 30% in March as a partial trucker strike delayed deliveries of vehicles and parts and deepened existing supply-chain issues, industry body Anfac…
Spain consumer goods sales rise on worries over supply amid Ukraine war
MADRID – Sales of consumer goods rose 13% in Spain in the wake of Russia’s invasion of Ukraine as supply concerns, exacerbated by a partial transport strike, prompted shoppers to stock up…
Spain allows rationing products in case of market stress to prevent shortages
MADRID – Spain temporarily authorised stores on Wednesday to limit the sale of some products to prevent sell-outs when markets are under stress, days after some supermarkets ran out of sunflower oil…
ArcelorMittal idles three plants in Spain after truckers strike disrupts supplies
MADRID – Steel giant ArcelorMittal said on Tuesday it had idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap metal, iron…
Truckers’ strike in Spain disrupts food industry
MADRID – A truck drivers’ strike for better working conditions has caused disruption at some supermarkets and certain industries in Spain, with dairy food producers complaining on Thursday of some supply shortages…
Spain set to approve emergency U.S., Argentina corn buying
MADRID – Spain expects “in the coming hours” to approve emergency purchases of corn from Argentina and the United States for animal feed after supply gaps left by Russia’s invasion of Ukraine,…
Conservative Politicians In Spain Attack Biden After Indigenous Peoples’ Day Proclamation
Right-wing politicians in Spain criticized President Joe Biden’s proclamation of Indigenous Peoples’ Day on Monday and refused to apologize for the atrocities committed when the country colonized the Americas, BBC News reported.…
AP: Greta Thunberg arrives at climate summit by electric car
Teenage climate activist Greta Thunberg has arrived at the global climate summit in Madrid by electric car, before joining a group of young protesters.…
AP: Sayonara coal! Protesters at climate summit target Japan
Protesters at the global climate summit in Madrid protest Japan’s use of coal-fired power plants.…
AP: Thunberg urges action at COP25 summit
Greta Thunberg arrived in Lisbon, Portugal on her way to the upcoming COP25 UN climate change conference in Madrid, Spain. The Swedish teen said she plans to keep pressing political leaders to…
AP: Global climate protests ahead of Madrid meeting
Protesters in cities across the world staged rallies Friday demanding leaders take tougher action against climate change, days before the latest global conference which will take place in Madrid. (Nov. 29) Subscribe…
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