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Search resuls for: "Emma Pinedo"


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☆ Spain calls for tougher enforcement of oil transfers at sea
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
MADRID, March 31 (Reuters) - Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships hit by sanctions grows and raises pollution risks, a U.N. agency session heard this week. Spain's Mediterranean and Atlantic coastlines have become hubs for shipping activity including the transfer of oil known as ship-to-ship (STS) operations. Madrid, which has already tightened its rules for STS transfers around its coastline, has called for flag states to step up scrutiny and enforcement of such activity, the source added. A paper submitted to the IMO committee by Australia, the United States and Canada said illicit transfers "undermine the rules-based international order". The IMO committee said the shadow tankers "posed a real and high risk of incident" particularly when engaged in STS transfers.
☆ Spain's Asturias ravaged by fires as authorities blame 'terrorist' arsonists
  + stars: | 2023-03-31 | by ( Vincent West | ) www.reuters.com   time to read: +2 min
Dozens of fires have already been put off by emergency services in Asturias and the neighboring region of Cantabria over the past two days. [1/6] Firefighters use a controlled burn to tackle a wildfire in Setienes, Asturias, Spain, March 31, 2023. In the past, intentional fires have often been linked to pastoralists seeking to gain more grazing land for their cattle. The densely-forested mountainous region is one of Spain's rainiest areas, though fires are common in March, according to the regional government. A combination of scarce rainfall, high temperatures and winds has placed most of northern Spain at a high wildfire risk.
☆ Wildfires ravage Spain's Asturias as temperatures hit record highs
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +2 min
MADRID, March 30 (Reuters) - More than 100 wildfires broke out in Spain's northern Asturias region on Thursday, most of them started on purpose by arsonists and others, authorities said, as temperatures soared to record highs. Flames raged near a road as cars drove by in Asturias, a lush region with rainy oceanic climate, local TV footage showed. Spain registered its hottest March 29 on record on Wednesday, with temperatures exceeding normal levels by seven to 14 Celsius (44.6-57.2 Fahrenheit), the meteorological agency AEMET said. The Canary Islands registered temperatures more common for the summer, with 37.8C in Tasarte, Gran Canaria. Other regions in the Basque Country and some parts of central Spain also recorded record temperatures for the time of year.
☆ Spanish competition watchdog opens disciplinary case against Google
  + stars: | 2023-03-28 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A man walks past a logo of Alphabet Inc's Google in front of an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo/File PhotoMarch 28 (Reuters) - Spain's competition watchdog CNMC has opened a disciplinary case against Google for alleged anti-competitive practices affecting publishers and Spanish news agencies, the regulator said on Tuesday. CNMC said it was investigating whether Google had abused its dominant position in the Spanish market. The proceedings involve Google LLC, Google Ireland Ltd, Google Spain, S.L. The alleged practices also include distorting free competition and imposing unfair conditions on press publishers and Spanish news agencies, CNMC said.
☆ Bank of Spain sees turmoil rising funding costs, requiring liquidity sourcing review
  + stars: | 2023-03-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +3 min
Non-performing loans stood at nearly record lows of 3.56% in January, far below the all time-high of 13.6% in December 2013. Deputy Governor Margarita Delgado also said that amid a tighter financing conditions following a period of abundant, cheap liquidity, banks should assess liquidity risks and have diverse, credible and plan-based funding sources to allow them to "adapt flexibly to the changing environment." In its report, the Bank of Spain said it expected Spanish lenders to maintain comfortable excess liquidity positions. As of February, Spanish banks' liquidity coverage ratio stood on average at 175% among the significant lenders, well above the global average of 140%, according to the Basel Committee on Banking Supervision. Olano said that Spanish banks' exposure to Credit Suisse (CSGN.S) stood at between 300 million euros ($325.23 million)and 400 million euros.
☆ Spain's drought devastates olive oil output, drives world prices up
  + stars: | 2023-03-24 | by ( ) www.reuters.com   time to read: +2 min
MADRID, March 24 (Reuters) - Drought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estimates from the European Commission show, pushing prices up. Spanish exporters' association Asoliva estimates there will be at least 10% less olive oil available worldwide this year from the 3.1 million tonnes produced in the season ending in 2021. "Every day that goes by without rain, the forecasts get worse," Dcoop, Spain's largest olive oil producers' cooperative, told Reuters. In Spain, the price of bottles of olive oil rose by around 60% in 2022, according to industry groups and companies consulted. The price hikes have reduced sales volumes of olive oil in Spain by 8% in the year to February, according to a study by consulting firm Nielsen.
☆ First major fire of year destroys 3,000 hectares in Spain
  + stars: | 2023-03-24 | by ( ) www.reuters.com   time to read: +3 min
VILLANUEVA DE VIVER, Spain, March 24 (Reuters) - Spain's first major wildfire of the year raged in the eastern Valencia region on Friday, destroying more than 3,000 hectares (7,413 acres) of forest and forcing 1,500 residents to abandon their homes, authorities said. In Spain, 493 fires destroyed a record 307,000 hectares of land last year, according to the Commission's European Forest Fire Information System. Spain is experiencing a long-term drought after three years of below-average rainfall. A European Commission report this month observed a lack of rain and warmer-than-normal temperatures during the winter, raising drought warnings for southern Spain, France, Ireland, Britain, northern Italy, Greece and parts of eastern Europe. The Commission report warned that low levels of water could affect strategic sectors including agriculture, hydropower and energy production.
☆ Oil spills and near misses: more ghost tankers ship sanctioned fuel
  + stars: | 2023-03-23 | by ( Jonathan Saul | ) www.reuters.com   time to read: +9 min
REUTERS/Ronen ZvulunSummary Risk of accidents in focus as 'shadow' fleet growsStirs fears of oil spills, decades after Exxon ValdezHundreds of ships carry oil from sanctioned nationsMany ship certifiers and insurers have pulled servicesLONDON, March 23 (Reuters) - An oil tanker runs aground off eastern China, leaking fuel into the water. Many leading certification providers and engine makers that approve seaworthiness and safety have withdrawn their services from ships carrying oil from sanctioned Iran, Russia and Venezuela, as have a host of insurers, meaning there's less oversight of vessels carrying the flammable cargoes. Reuters was unable to independently verify the numbers regarding the size and growth of the shadow fleet. The U.S. Treasury didn't immediately respond to a request for comment on ships carrying sanctioned oil. SHIP-TO-SHIP TRANSFERSAround 774 tankers out of 2,296 in the overall global crude oil fleet are 15 years old or more, according to data provider VesselsValue.
☆ VW aims to produce 3 mln small EV cars in 2025-2030 in Spain, SEAT chief says
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Imelda MedinaBARCELONA, March 22 (Reuters) - German carmaker Volkswagen (VOWG_p.DE) plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030, Wayne Griffiths, the chairman of VW's Spanish unit SEAT, said on Wednesday. The German car maker is pushing the electrification of its production and plans to build a battery plant in Spain. Griffiths said SEAT aims to assemble 500,000 electric cars a year in the medium-term at SEAT’s plant in Martorell, outside Barcelona. Not cutting jobs at the plant is SEAT's priority, he added. Reporting by Joan Faus and Inti Landauro; editing by Emma Pinedo and Jason Neely, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Spain's Princess Leonor to do military training for three years
  + stars: | 2023-03-14 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Spain's Princess Leonor speaks during the ceremony of the 2021 Princess of Asturias Award for Communication and Humanities at Campoamor Theatre in Oviedo, Spain October 22, 2021. REUTERS/Vincent West/MADRID, March 14 (Reuters) - Princess Leonor, 17 and the heir presumptive to the Spanish throne, will undergo three years of military training starting in August, Defence Minister Margarita Robles said on Tuesday. "As in all parliamentary monarchies (the heir) has to have a military background and a military career," Robles said after a cabinet meeting. The princess will receive her first year of training at the Army Military Academy in Zaragoza, then go to a naval school, which includes sailing the Juan Sebastian Elcano training tall ship, and finish her studies at the General Air Academy. The government and the Royal House have agreed her "very intense" military training will precede university studies, following in the footsteps of her father in the 1980s.
☆ Grifols' shares tank 10% as 2023 outlook disappoints
  + stars: | 2023-02-28 | by ( Joan Faus Matteo Allievi | Joan Faus | Matteo Allievi | ) www.reuters.com   time to read: +2 min
BARCELONA, Feb 28 (Reuters) - Spanish pharmaceutical company Grifols' (GRLS.MC) shares fell around 10% in afternoon trading after its 2023 outlook disappointed analysts, who were looking for a better recovery in margins. Grifols reported on Tuesday that net profit rose 10% to 208 million euros ($220.19 million). Total revenues rose 23% to 6 billion euros ($6.38 billion), with over half generated in the United States and Canada. JPMorgan said the progress on EBITDA margin recovery in 2023 may be a little slower than the market had hoped. Grifols announced earlier this month it would lay off 8.5% of its workforce seeking annual savings of around 400 million euros.
☆ Santander to return half of profits to shareholders in 3-year strategy
  + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +2 min
"Profitability guidance will be a positive surprise for the market ... however the company had already guided to an above 15% ROTE in 2023," Jefferies said, adding that new dividend policy had also been anticipated. As part of this plan, Santander's European region will see this metric rising to 15% from 9.28% by the end of 2022. Santander also said that it expected to improve its efficiency ratio to 42% from currently 45.8%. Its total cash dividend per share for 2022 will rise to 0.1178 euros, it said, also announcing an additional share buy-back programme of 921 million euros ($974.8 million) after obtaining regulatory authorization. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
☆ Santander bets on Europe recovery, customers to lift profits and pay-outs
  + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +4 min
Santander has relied in the past on Latin America to cope with tough conditions for lenders in Europe since the financial crisis but banks across Europe are beginning to benefit from higher borrowing costs despite economic uncertainty. The remuneration would be in the form of cash payouts and share buybacks. This would bring Europe, the lender's main contributor to the group's profits, in line with the ROTE target seen for North America. Santander expects its cost of risk, which measures the cost of managing potential losses for the bank, to hover around 100 and 110 basis points in 2025 from an expected 120 bps this year. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
☆ Abortion rights in Spain over the past decades
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
Here is a timeline of abortion rights in Spain over the past few decades:1985Abortion is first decriminalised in the cases of malformed foetuses, rape, or potential mental or physical risks to the mother. The party's campaign promises include reforming the abortion law. 2013A new abortion law draft, even more restrictive than the one passed in 1985, is released. The draft allows abortion only in the case of rape or if the pregnancy poses a serious physical or mental health risk to the mother. 2022The left-wing coalition government reinforces abortion rights by eliminating parental consent for women aged 16-17 who wish to terminate their pregnancy.
☆ Spain's Constitutional Court rules in favour of 13-year-old abortion law
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
MADRID, Feb 9(Reuters) - Spain's Constitutional Court on Thursday upheld a 13-year-old law that allows women to abort on demand within the first 14 weeks of pregnancy, after the divisive issue resurfaced following a regional far-right party's effort to limit abortion access. "The Abortion Law is constitutional," Equality Minister Irene Montero said on Twitter, adding that "never again will 13 years go by in which a single women's right is questioned". Since the abortion law was passed, there was a failed attempt to restrict rights in 2014 by the conservative government of Prime Minister Mariano Rajoy. The proposal caused a big turmoil, with the central government threatening to step in if the region restricted women's rights. Women's rights are back under the international spotlight after the U.S. Supreme Court overturned the constitutional right to terminate pregnancies in 2022.
☆ Why Europe's drug shortages may get worse
  + stars: | 2023-02-08 | by ( Maggie Fick Natalie Grover | Maggie Fick | Natalie Grover | ) www.reuters.com   time to read: +10 min
Much as he would have liked to significantly increase supplies, Biosca-Reig said he couldn't justify investing millions of euros in new production lines unless he was paid more for the generic drug to cover sharply rising costs. European generic drugmakers say the tender system and regulated prices have fuelled a race to the bottom, and European firms are being undercut by suppliers from Asia. BRUSSELS, WE HAVE A PROBLEMThe European Medicines Agency (EMA) and European Union lawmakers acknowledge there is a problem. Half the generic medicines sold in Spain are priced below 1.60 euros per box or bottle, the country's generics manufacturing association said. But companies with smaller market shares, such as Israel's Teva (TEVA.TA), which has 5% of the region's amoxicillin market according to Medicines for Europe, are constrained.
☆ Spanish court rules Amazon 'Flex' couriers were falsely self-employed
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +2 min
MADRID, Feb 3 (Reuters) - A Spanish court has ruled that Amazon (AMZN.O) must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has criticised worker conditions in the "gig economy". Amazon scrapped the Flex programme in Spain last year, after a 2020 Supreme Court ruling forced companies to hire freelance couriers as staff and the government introduced a pioneering law to the same effect in 2021. "Amazon is a company that is not only a logistics and transport operator, but also a courier and messenger service provider," the judge said. According to the court, Amazon made all decisions related to the service - including schedules, geographic distribution and remuneration - and used an app to direct and coordinate the couriers, who "lacked their own and autonomous business organisation". "We're happy with the result and especially happy that this Amazon Flex model no longer exists," Ranz added.
☆ Spanish high court backs man's right to walk naked in the street
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +2 min
MADRID, Feb 3 (Reuters) - A Spanish high court has ruled in favour of a man who was fined for walking naked through the streets of a town in the region of Valencia and later tried to attend a court hearing in the nude. The court, however, acknowledged a "legal vacuum" in Spanish law regarding public nudity. [1/2] Alejandro Colomar poses naked in his vegetable garden, as Spanish court has ruled in favour of allowing him to continue walking around his village naked, as he has been doing since 2020, in Aldaia, near Valencia, Spain, February 3, 2023. The Valencia court ruled Colomar had "limited himself to remaining or circulating naked at different times in two different streets of Aldaia," and his behaviour did not imply an "alteration of citizen security, tranquility or public order". Reporting by Charlie Devereux, Eva Mañez, Emma Pinedo and David Latona; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
☆ Santander is not interested in potential acquisition of Orange Bank
  + stars: | 2023-02-02 | by ( ) www.reuters.com   time to read: 1 min
MADRID, Feb 2 (Reuters) - Spain's Santander (SAN.MC) is not interested in the potential acquisition of Orange Bank (ORAN.PA), the mobile banking unit of Orange, chairman Ana Botin said on Thursday. Les Echos reported on Wednesday that French banks BNP Paribas , Credit Agricole (CAGR.PA) and Societe Generale (SOGN.PA) were mulling a bid for Orange Bank. The newspaper added that Spanish bank Santander and U.S. private equity fund Cerberus were also considering a bid. "We are not interested in Orange," Botin said during the annual earnings press conference in Madrid. Reporting by Emma Pinedo; Editing by Jesus AguadoOur Standards: The Thomson Reuters Trust Principles.
☆ Spanish police detain 23 for alleged soccer match-fixing in Spain, Andorra and Gibraltar
  + stars: | 2023-01-31 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Jan 31 (Reuters) - A group of 23 people, including soccer players, have been arrested as part of a probe into suspected match-fixing in non-professional Spanish, Andorran and Gibraltarian soccer leagues, Spanish police said on Tuesday. "A second layer of the scam comprised soccer players who took advantage of their position to organise the fixing in the teams under their influence," police said. No players were identified, but police said the ring targeted some 30 games in non-professional leagues such as Spain's third division and the local leagues of micro-state Andorra and British enclave Gibraltar. The investigation was carried out in 2021 and 2022 with the help of several organisations, including Spain's football federation RFEF, LaLiga, the Betting Market Global Investigation Service (SIGMA) and European governing body UEFA's Anti-Match-Fixing Unit. ($1 = 0.9246 euros)Reporting by Inti Landauro and Emma Pinedo; Editing by David Latona, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
☆ Spain church machete attack suspect was 25-year-old Moroccan, police confirm
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +3 min
[1/2] People observe a moment of silence a day after a 25-year-old Moroccan suspect attacked two churches, in Algeciras, Spain January 26, 2023. REUTERS/Marcelo del PozoMADRID, Jan 26 (Reuters) - The suspect in a machete attack on two churches in southern Spain in which one clergyman was killed and another seriously injured is a 25-year-old Moroccan man who was due to be deported from the country, police said on Thursday. A police source denied local media reports that the suspect had been under surveillance by security operatives in the days or months before the attack. The man was not in Spain legally and his deportation process began in June last year and was ongoing, the source added. According to a High Court ruling, the perpetrators were linked to Al Qaeda and the Moroccan Islamic Combatant Group.
☆ Spain says it is open to sending Leopard tanks to Ukraine
  + stars: | 2023-01-25 | by ( Belén Carreño | ) www.reuters.com   time to read: +2 min
MADRID, Jan 25 (Reuters) - Spain's defence minister said on Wednesday Madrid was open to providing Ukraine with German-made Leopard 2 tanks, after Germany agreed to send the tanks and said NATO allies could do the same. Spain has 108 2A4 tanks, according to security and defence researcher Felix Arteaga of the Elcano think-tank. In late 2022, Spain delivered its largest package of defence materiel for Ukraine to date, sending to the logistics hub in Poland heavy weapons, long-range and anti-tank ammunition. Spain has sent four U.S.-made HAWK air defence systems and has committed to sending two more. It is also offering medical treatment to wounded Ukrainian soldiers, and air defence training at its air base in Toledo.
☆ Spanish police arrest man suspected in 2022 parcel-bomb case
  + stars: | 2023-01-25 | by ( Vincent West | ) www.reuters.com   time to read: +3 min
[1/6] Spanish police officers guard outside a building after the arrest of a man suspected of being the sender of letter-bombs in November and December to the Ukrainian and U.S. embassies and several institutions in Spain, in Miranda de Ebro, Spain January 25, 2023. The man was detained in the northern town of Miranda de Ebro, and police searched his home. The suspect is a retired Spanish citizen with the initials P.G.P. The man used to work for the town hall of the Basque capital Vitoria-Gasteiz before retiring in 2013, a city spokesperson said. Spanish officials have declined to comment on the report, while a senior judicial source denied having knowledge of such a line of investigation.
☆ Cellnex shares soar on report that American Tower, Brookfield mulling possible bid
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Jan 20 (Reuters) - Shares in Spain's Cellnex (CLNX.MC) jumped 8% on Friday after a media report that said American Tower (AMT.N) and asset manager Brookfield (BN.TO) were weighing a possible takeover bid for the mobile phone tower operator. Spanish online outlet Okdiario quoted unidentified sources close to the operation saying Goldman Sachs was advising Cellnex, while Morgan Stanley was advising American Tower and Brookfield. Cellnex, Brookfield, American Tower and their advisers declined to comment. Cellnex shares were up 8.3% at 12.21 GMT to lead gains in Spain's blue chip index Ibex-35 (.IBEX). Reporting by Andres Gonzalez and Emma Pinedo; additional reporting by Jesús Aguado; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
☆ Spain's Supreme Court drops sedition charges against Catalan separatist leader
  + stars: | 2023-01-12 | by ( ) www.reuters.com   time to read: +2 min
MADRID, Jan 12 (Reuters) - Spain's Supreme Court on Thursday dropped sedition charges against the leader of Catalonia's failed bid for independence, Carles Puigdemont, after a reform of the country's penal code abolished the crime. Puigdemont, who is in self-imposed exile in Belgium to avoid prosecution in Spain, still faces charges of disobedience and embezzlement, which carry jail terms of up to eight years. Spain's previous bids to have Puigdemont extradited during his stays in Germany, Belgium and Italy have failed. Puigdemont posted a video on Twitter in which he vowed to fight "to the end" against his extradition in European courts. Puigdemont has been living in self-imposed exile in Belgium since late 2017 and served as a member of the European Parliament since 2019.
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