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Britons face five-hour airport queues in Spain with no-deal Brexit

British tourists to Spain could face airport queues of five hours or more after a no-deal Brexit, according to analysis by Which?, and the consumer group suggests travellers should take food, water and even nappies to survive prolonged delays. Alicante airport, which serves Benidorm and other Costa Blanca resorts, is likely to be the worst-affected airport, and Which? said visitors ... Read More »

Spain-Morocco Railway Tunnel Talks Underway Government Says

TALKS to build a Morocco-Spain railway line are underway, a government minister has said. “We have been working for years with Spain for the continental railway line between the two countries and we are now in the process of deepening technical studies,” Morocco’s Transport Minister Najib Boulif said. The official revealed that Spain and Morocco could complete the necessary research ... Read More »

Police intercept cargo ship smuggling €100 million worth of cocaine into Spain

A DRUGS network has been smuggling cocaine into Spain on cargo ships, police revealed after a 15-month investigation. A ship carrying a 3.3-ton consignment of cocaine with a €100 million street value was recently intercepted almost 288 kilometres off the Portuguese coast and escorted into Setubal harbour. Here, the Guardia Civil and Policia Nacional officers, together with officials from tax ... Read More »

Spain arrests 29 people for drug smuggling

Spanish police have arrested 29 people who they allege are involved in a drug trafficking ring. Spain’s Civil Guard says that their officers made the arrests on Tuesday after raiding several locations in the southern provinces of Cadiz and Malaga. Most of the arrests took place in the town La Linea de la Concepcion near the Iberia Peninsula’s southern tip. ... Read More »

Spain budget vote hinges on Catalan support

Spain’s prime minister has acknowledged that it’s doubtful his government will be able to gain enough support to keep alive its attempt to pass a national budget. The minority Socialist-led government needs the backing of several parties, including Catalonia’s separatists, to steer its spending bill through an initial vote Wednesday. The separatists, and right-wing parties, have said they will vote ... Read More »

Russian billionaire seeks to buy Spanish supermarket group Dia

Russian billionaire Mikhail Fridman has offered to buy Dia Group in a deal that gives the struggling Spanish supermarket chain an equity value of €417m, a deep discount from its €2.7bn valuation at the end of 2017. Mr Fridman’s holding company, LetterOne, which owns 29 per cent of Dia through its L1 Retail fund, has offered to purchase the rest ... Read More »

Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk. Algeciras is one of the top 10 busiest ports in Europe, ... Read More »

Jaime Botin to stand trial for smuggling €26 million Picasso painting out of Spain

JAIME Botin, Bankinter’s boss, will be standing trial for smuggling a €26 million Picasso out of Spain in 2017. The picture was seized by the French authorities from Botin’s yacht in Corsica in 2017 although Botin insisted that he was taking it to Geneva, intending to store it at the Freeport warehouse complex. Instead Botin, brother of Emilio Botin – ... Read More »

Vodafone plans to cut up to 1,200 jobs from its Spanish business

MADRID: Vodafone (VOD.L) plans to cut up to 1,200 jobs from its Spanish business, the company said on Thursday, though it declined to give further details ahead of talks with labour representatives expected to begin at the end of the month. The telephone company said in November it planned to reduce its costs in Spain and Italy to respond to ... Read More »

Major Spanish bank opens Toronto outpost as trade ties deepen

One of the biggest banks in Spain has opened an outpost on Bay Street. CaixaBank SA announced Thursday that the new representative office in Toronto, its first in both Canada and the city, will offer support and advisory services in trade and corporate banking. It also makes CaixaBank the sole Spanish bank with a physical presence in Canada, the lender ... Read More »

Spain’s Parques Reunidos buys Ananda Krishnan’s company for RM1.07b

HONG KONG: Parques Reunidos Servicios Centrales SA, the Madrid-based entertainment park operator, has agreed to buy a tropical-themed resort in Germany for 226mil euros (US$256mil) or RM1.07bil. The Spanish firm reached an agreement with a holding company of Malaysian billionaire T. Ananda Krishnan to acquire Tropical Islands Resort, according to a Tuesday filing, confirming a Bloomberg News story. The deal ... Read More »

Spanish police smash ring smuggling Palestinians

Police in Spain and France have smashed a criminal ring suspected of smuggling hundreds of Palestinians into Europe through fraudulent asylum claims, Spanish police said on Sunday. Officers arrested nine people, including the suspected leader of the network, in the two countries as part of the operation carried out with European police agency Europol, a Spanish police statement said. Police ... Read More »

IMF report calls on Spain to take action against high debt and deficit

The International Monetary Fund (IMF) has issued a report on Spain praising its economic recovery, but warning that “several downside risks are clouding the medium-term outlook.” In its annual report, known as the Article IV Consultation, the IMF notes that the Spanish economy is posting growth above the European average, creating jobs and achieving a more deleveraged private sector. But ... Read More »

Spanish police arrest alleged leader of drug-smuggling gang

Spanish police have arrested a man alleged to be one of the biggest drug-smugglers operating on the violence-ridden stretch of southern coast close to Gibraltar. The man, named in media reports as Antonio Tejón, is one of the two brothers who head the Castañas gang, which allegedly brings huge quantities of hashish over from Morocco on powerful speedboats. He was ... Read More »

Spain: Europe’s new cocaine gateway

The confrontational attitude of the drug gangs that traffic hashish in La Línea de la Concepción, in the south of Spain, has dominated news headlines and political agendas after a recent spate of drug-related violence plunged the Campo de Gibraltar area into crisis. But just 20 kilometers from Gibraltar, in the port city of Algeciras, huge amounts of cocaine are ... Read More »

Authorities Break Up One Of Spain’s ‘Biggest’ Hashish Drug Smuggling Rings

SPANISH authorities have broken up one of the ‘biggest’ hashish drug smuggling rings in the Campo de Gibraltar. It is estimated the drug ring brought more than 10,000 kilograms of hashish from Morocco to Spain. 12 people have been arrested, while €190,000 in cash was seized along with a gun, ammunition, a bulletproof vest and ‘high-end vehicles’. It comes after ... Read More »

Spain’s largest phone company tries to treat alcoholism, body disorders

In the heart of Barcelona’s burgeoning startup scene, about 70 people work on technology-centered solutions to problems that affect billions, such as alcoholism and electricity shortage. The cast includes entrepreneurs, specialists and a visual artist, but it’s not venture-capital backed. It’s Spanish phone carrier Telefonica SA’s answer to X, Alphabet Inc’s innovation lab. Known as Alpha, the former monopoly’s initiative ... Read More »

Texas Bullet Train developer names new operating partner

The developers of the Texas Bullet Train named international railway company Renfe as the train’s operating partner. The Spanish company brings more than 25 years of experience in operating high-speed trains in Europe and other countries. Renfe operates 5,000 trains daily on 7,500 miles of track, from local commuter routes to high-speed national and international travel, according to a news ... Read More »

Spain’s largest tobacco company acknowledges Gibraltar’s efforts to tackle smuggling

Gibraltar has for years taken an increasingly-tough line on tobacco smuggling and its efforts, much maligned by successive Spanish governments, received a nod from an unlikely source this weekend – Spain’s largest tobacco company. In an interview with Europa Sur newspaper, Rocio Ingelmo, the head of legal and corporate affairs at Altadis, acknowledged the measures taken by Gibraltar to tackle ... Read More »

Spanish bank rules out entry into Irish mortgage market

Spanish lender Bankinter has ruled out moving into the Irish mortgage market, at least in the short term. The news will dampen expectations that it would link up with An Post to offer cut-price loans to property buyers. And following an announcement from semi-State company last week that it wants to move into the mortgage market by undercutting the existing ... Read More »