The world's second largest mobile operator, Vodafone recorded a fall of 4.2 per cent in organic service revenue during the fourt quarter of the financial year 2012-2013.
The company has indicated that it will retain 2.1 billion pound dividend from tis US division due to weaker results in the quarter. The company is also planning to sell the US unit in a major financial deal in the sector. The drop of 4.2 per cent is the largest fall since the company began the measurement in 2003.
Officials have said that the Spain's King Juan Carlos wants to give his 21-million-Euro yacht to the government. The 41.5-metre yacht was named Fortuna and was donated to the king in 2000, but it left the king to receive flak during hard times in Spain.
According to the Spanish press, each refueling of the yacht costs more than 20,000 Euros. The luxury yacht is owned by the state including the royal places and managed by the national Heritage for the use of the 75-year-old king and his family.
Saskia Sassen's, a Professor at Columbia University, has been awarded with Spain's prestigious award for her contributions towards the field of globalization and urban sociology.
The Dutch sociologist, said the jury, has great contributions in the field for which she has earned the Spain's Prince of Asturias social sciences prize. They remarked that her greatest work was her concept of the global city.
The concept has been accepted and used worldwide. It sheds light on the cities that form the centers of the world economy.
As per recent reports, the Spain is facing financial crisis and people of the country are being hit by thefts. It recently emerged that sheep, rabbits and tools are being stolen from the farms of people in the northern town of Albeda in the province of Aragon.
The thefts are urging the people to take up nighttime patrols to safeguard their flocks and gear. One of the residents of the pace named José Bria has his chickens, tools and eight rabbits stolen in three different events.
Before the country sees a series of events across the country, the inaugural event for the Great Bull Run will be held in Northern Virginia this year.
The event is slightly dangerous but very enthusiastic. So far the figures and findings have remained in the favor of the participants. In the history of about 103 years on record, only 15 people have died; however, a hundreds of them have been injured.
Spain has been reported to sell seven billion Euros of a new benchmark 10-year bond through banks. For the first time in three years, the nation auctioned 12-month bills at a yield of less than one percent.
A person, with knowledge of the deal, said that the 10-year sale attracted bids that exceeded 21 billion Euros and the bonds were sold to fetch 4.452%. The person asked not to reveal his name as they are not authorized to speak about it.
Spain issued seven billion Euros of securities maturing in January 2023 at a yield of about 5.4% in a similar sale on Jan 22.
Thalidomide Victims Sue Manufacturer Company of Drug for Allegedly Selling Drug in Spain for Six-Months after Ban
As per a group of Spanish Association of Thalidomide Victims representing victims of drug thalidomide, this morning sickness drug was still sold in regions of Spain even after it got banned by various other countries as it causes severe birth defects in babies throughout the world.
In an auction in Madrid, Spain crossed its aspired target. After there was fall in its borrowing costs, this is a pleasing thing to witness. It appears that Spain is benefiting from the surging confidence in the euro area's fourth-largest economy.
The European Commission has predicted that the country's public debt burden will cross the euro region's average next year for the first time in the currency's history. European Commission has said that Spain's request for two more years to handle the largest budget deficit in the European Union is significant and reasonable.
Recent report by Telefonica SA (TEF), Spain's biggest telephone company states that the first-quarter profits for it have missed the expert's expected returns. It exhibited a decline of 1.3% to 11.14 euros at 9:34 a. m. in Madrid. Latin America and Europe saw a plunge in sales by 16%.
Experts have explained that the competition was responsible for the plummeting sales for the company. The completion has been widespread, all across Latin America and Europe.
A UK court has provided the ruling that says that an alleged member of the Basque separatist group Eta can be sent to Spain to confront terrorism charges.
Westminster Magistrates' Court, Judge Nicholas Evans has called Spain a trusted extradition partner in the case. The member's name is Raul Angel Fuentes Villota. He was arrested in Liverpool last year. He's been on this course for 17 years. Earlier, he missed bail in Spain in 1995. Here he was accused of attempting to bomb a police officer's car in 1991.
With an intention of reduction in youth unemployment and to speed the efforts in banking reforms so as to stabilize the financial condition of Europe, the premiers of Spain and Italy joined hands so that they can focus more on encouraging economic growth rather than focusing just on reduction of debt.
On Sunday, a historic jet plane tended to crash into a hangar. It has been revealed that the crash caused the pilot to be severely injured, who later was taken to a hospital, but died.
The injured pilot named Ladislao Tejedor Romero, 35, was admitted in the serious burns unit at Getafe hospital. He was an assistant to Defense Minister Pedro Morenes and was experienced in jet piloting.
As per the findings, the plane had exploded at an airshow in a fireball, southwest of the capital. People at the show were forced to run all of a sudden.
As per recent reports, Iker Casillas, the Captain of Real Madrid, has disclosed that he will stay at the Santiago Bernabeu for the upcoming season. He expressed that he was in contract with Real Madrid and his future lay with it only.
He asserted that he has been at the club since he was nine years old and he always wanted to be there. By that all the speculations of his movement to the Premier League came to an end. He faced major disagreements and had a terrible second half of seasons under José Mourinho.
In a letter to the Voice of Gibraltar Group (VOGG), David Lidington has expressed his views about the issue in Gibraltar about the incursions. He wrote that he was aware of the deep public linked with the issue but any response to the same must be controlled.
The UK minister also said that unlawful incursions by Spanish State vessels violate the UK's sovereignty but are not the threat to the same. Also, he mentioned that they didn't comprise an armed attack or invasion; therefore, it is necessary that response is appropriate.
Many Latin American currencies are getting soared and various remittances are flowing from Spain to Latin America. The latest data of remittances in Inter-American Development Bank shows the increasing economic crisis in Spain.
The 27-year-old Isle of Man-based racer Cal Crutchlow after making a stunning beginning at Moto GP in Spain is aiming high for his first podium finish of the campaign. He is keeping up his same form of last season at the Jerez track by ending up at second place in context with the fastest time after reigning champ Jorge Lorenzo.
Crutchlow was quoted as saying, "It was quite a tough day because we made a lot of changes that meant the bike was set-up completely different than the way we had it at the test".
As per the European Commission predictions, it has been revealed that Spain will not be able to accomplish its deficit target for 2014 budget. The Commission has affirmed that Spain is expected to have 6.5% GDP, which will get stretched to 7% by 2014.
While citing reasons for missing the deficit target by a wide margin, the Commission said that Spain's economy is not showing robust growth. Moreover, the budget-tightening measures, which the country was adopting for time being, have also expired.
If Spain's present condition is assessed then it will be found that the country is in deep trouble. It has suffered major setback in financial sector.
It has been found that Spain's unemployment rate has reached at 27% for entire population and 52% for young people. Among some other problems is rise in suicide rate of people, who are excluded from their homes, as they have been unable to pay rent or mortgage amount.
A gang that supplies hashish and buys the same from Morocco in fishing boats has been captured by the Civil Guard.
Civil guard has stated, "The Civil Guard unit dismantled the entire criminal network detaining those responsible for supplying, smuggling and distributing the drug across Spain". Men in uniform are on a role and after a close watch, they arrested people belong to several nationalities; Italians, Spanish and Moroccan citizens.
Lance Armstrong scandal has made way for an inquest. Spain's doping agency has announced that state prosecutors have started with an investigation into the individuals, who've been part of the scandal report.
According to a report by USADA, Spanish doctors Luis Garcia del Moral and Pedro Celaya and trainer Pepe Marti were also part of this ignominy. The prosecutors in the eastern province of Alicante have been asked to look into the matter and interview each individual named in the report by U. S. Anti-Doping Agency.