UBS acquitted over Lehman Brothers lawsuit filed in Marbella

The Court of First Instance No. 6 of Marbella has acquitted UBS Bank to pay 12 million euros to a client for an investment in Lehman Brothers bonds. The lawsuit is the biggest Lehman Brothers-related lawsuit in Spain. The court ruling declared that...

Spanish Property Sales Fall 4.1% in September

Existing home sales fell 4.1% year on year in September, breaking the upward trend during the first eight months of the year, according to data from the National Statistics Institute (INE). According to the statistics of transfers of property rights...

Aznar’s Company Achieves Record Profits in the Worst Year of the Crisis

The company of former Prime Minister Jose Maria Aznar has been able to dodge the crisis. Famaztella ended the 2009 fiscal year with a record profit of 445,417 euros, according to annual accounts deposited in the registry. The latest profits represent...

Unemployment in Spain rises by 68,213 people

The number of people out of a job in Spain increased by 68,213 people in October bringing the total to 4,085,976, or 1.7 per cent more than in September according to the latest figures released today by the Ministry of Work and Immigration. Compared to...

Spanish Women the “World’s Greatest Flirts”

A recent study by an online dating website revealed that Spanish women are the most flirtatious in the world. The dating website Badoo.com found that Spanish women were most likely to initiate the first contact with a man than women from any other country...

Unemployment in Spain Soars by 61,000 in August

Unemployment figures in Spain have seen a rise of 61,083 in August, the first increase in four months according to a report released Thursday by the Labour Ministry. The 61,083 new unemployed or 1.56 per cent increase brings the total number of unemployed to...

“Illegal Acts” in Shakira’s Barcelona YouTube Video

A video posted on YouTube could cost Shakira a fine say sources at the Barcelona city council. Barcelona authorities are evaluating whether to fine Shakira for dancing with her fans in a fountain and driving a Harley Davidson without a helmet. Shakira...

Apple Store Location in Barcelona Confirmed

Apple Store Barcelona - Photo credits: movilzona.es After months of speculation and high hopes for Apple fans in Spain, the wait appears to be over. The first Apple store in Spain will open in September in Barcelona’s La Maquinista shopping mall...

Barcelona Registers Over 1 Million Cruise Passengers

Barcelona port has registered 1.7 million passengers between January and July this year, of which 1.1 million were cruise passengers and the rest regular ferry passengers, which travel to and from the Balearic Islands of Mallorca, Ibiza and Menora as...

BBVA Warns of Economic Uncertainty in Spain

BBVA Research warned Monday about the economic uncertainty which would continue in the second half of this year, despite slight increases in GDP during the first two quarters. The warning comes as a result of the negative effects that the VAT increase...