Page 9 - Spain

Spain fines Apple, Amazon $218 mn for elbowing out small retailers

Amazon and Apple were fined a total of 194 million euros (USD 218 million) Tuesday for colluding to box out competitors by favouring sales of Apple products directly from the online retail giant, Spain's antitrust watchdog said. Amazon and Apple reached agreements in 2018 that limited the free competition of third-party sellers who hawk Apple goods through Amazon's platform for smaller retailers, according to Spain's National Markets and Competition Commission, which oversees Spanish markets for antitrust violations. "The investigated behaviors could be restricting competition in the sectors of the Internet sale of electronic products, and the provision of marketing services to third-party retailers through online platforms (Marketplace) in Spain, the regulator said. The tech giants also limited the capacity for third parties to advertise Apple products on Amazon, according to Spanish regulators. In addition, the companies are accused of reaching a deal that limited Amazon's ability

Spain's early poll could put far right in power for 1st time since Franco

Spain's general election on Sunday could make the country the latest European Union member swing to the populist right, a shift that would represent a major upheaval after five years under a left-wing government. Prime Minister Pedro Sanchez called the early election after his Spanish Socialist Workers' Party and its small far-left coalition partner, Unidas Podemos ("United We Can"), took a beating in local and regional elections. The center-right Popular Party emerged from the May 28 elections with the most votes. Polls for the general election have consistently put the PP in first place but likely needing support from the far-right Vox party to form a government. Such a coalition would return a far-right force to the Spanish government for the first time since the country transitioned to democracy following the 1975 death of Gen. Francisco Franco, the dictator who ruled Spain for nearly 40 years. The Popular Party and Vox have agreed to govern together in some 140 cities and tow

Usha Martin arm Espana incorporates wholly owned subsidiary in Spain

Usha Martin International Limited (UMIL) has incorporated a wholly-owned subsidiary, Usha Martin Espana, SL, in Spain. Usha Martin Espana, SL will work in the area of distribution, manufacturing, sale and application of metallurgical products, high-performance wire ropes, LRPC strands, wires, pre-stressing accessories, machinery and cables, Usha Martin said in a regulatory filing on Tuesday. "Usha Martin Espana, SL has been formed as a wholly owned subsidiary of Usha Martin International Limited (UMIL), a wholly owned subsidiary of Usha Martin Limited," it said. UMIL has subscribed to the share capital of euros 3,000, with a face value of euro 1 per share. UMIL holds 100 per cent of the paid-up share capital of Usha Martin Espana, SL. Usha Martin Ltd is a leading global manufacturer of wire ropes with manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and the UK.

L&T, Spain's Navantia to jointly bid for $5-bn India submarine tender

L&T has so far built more than 65 defence vessels- both in partnership and on its own- including a handful for the Indian Navy and Coast Guard, according to its website

Inflation in Germany reaches 6.8%, while Spanish CPI hits 1.6% YoY in June

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain, official figures said Thursday. German consumer prices jumped 6.8 per cent in June from a year earlier, up from May's 6.3 per cent, the state statistics office Destatis said. The figure was boosted in part by a widely used offer of cheap transport tickets last summer, analysts said. The increase in Europe's largest economy comes a day before the release of inflation figures for the entire 20-country area that uses the euro currency. Inflation in the eurozone has been falling from its peak of 10.6 per cent in October, coming in at 6.1 per cent in May. But that is still far above the target of 2 per cent set by the European Central Bank. ECB chief Christine Lagarde has warned inflation is persistent enough to warrant at least one more interest rate hike at the bank's July 27 meeting. Higher interest rates are central banks' chief tool against inflation. Meanwhile, lower food and ene

With record heat, Spain's Catalonia faces perfect wildfire conditions

Surveying the hills covered with near bone-dry pines stretching to the Pyrenees in the distance, Asier Larraaga has reason to be on guard. This part of northeast Spain is, like large swaths of the Mediterranean country, braced for wildfires due to the lethal combination of a prolonged drought, record-high temperatures and increasingly dense woods unable to adapt to a fast-changing climate. Larraaga is one of the top fire analysts for the firefighters of Catalonia charged with safeguarding the region's homes and landscapes. While grateful that some desperately needed rain has finally fallen in recent weeks, he is ready for the worst unless July and August buck Spain's historic trend of being the hottest and driest months of the year. If we have a normal summer and conditions of low humidity combined with high temperatures, then we will see fires that quickly expand beyond our extinction capacity. And for areas where it has not rained in May and this month, we could see these types

Spain has lot to offer in terms of defence trade: Indian ambassador Patnaik

Indian ambassador to Spain Dinesh Patnaik has said that the European country has "a lot to offer" in terms of bilateral trade in defence, start-up and IT ecosystem, and cultural exchange. The two countries share an increasingly important relationship through bilateral exchanges, he said, adding more and more Indian filmmakers are now exploring Spain's scenic locations, the latest being films such as Pathaan and Tu Jhoothi Main Makkar, and India is buying C295 aircraft, submarines and automotive components from Spain. The European country, in turn, procures chemicals, mechanical, engineering and electrical equipments from India, he said. "In the last one-and-a-half years, our trade has increased by about 30 per cent. We have a surplus of USD 4 billion with them. With very few countries we have such large surpluses, especially when it is non-petroleum products. But there is a lot more that can be done. This is just the tip of the iceberg," Patnaik told PTI in an interview. Speaking o

Crucial that India takes lead in making tourism more sustainable: Official

Director General for the Ministry of Tourism from Spain, Felix De Paz, said that it is important for the world that India takes the lead in terms of making tourism more sustainable

Heat scorches Europe as southern Spain temp to reach 45 deg C this month

The mercury in Seville, in southern Spain, is forecast to peak near 45C (113F) later this month, data compiled by Bloomberg show

F-18 fighter jet crashes at Zaragoza airbase, pilot ejects successfully

An F-18 fighter jet crashed at an airbase in the Spanish city of Zaragoza but the pilot ejected successfully, the Spanish defense ministry said on Saturday. The aircraft landed within the perimeter of the base, the defense ministry said on Twitter. The base, which lies about 10 miles (16 kilometers) outside the city, belongs to the Spanish Air and Space Force. Videos posted on social media showed a plane in flames falling towards the ground. The pilot was already in hospital and his life was not in danger, the air force said. Spain's public news agency EFE said the F-18 was training for a flying exhibition when the incident occurred. The Guardia Civil told The Associated Press that one of its patrols was the first to reach the pilot, who fell outside the exterior fence surrounding the airbase. According to the Guardia Civil, the pilot suffered injuries to his legs, apparently because he ejected with a parachute from a low altitude. He was evacuated to hospital in a helicopter.

France preferred destination for Indians, sees max visa rejections: Report

At 20.12%, France has the highest visa rejection rate and 27,681 applications were rejected, the report suggests. It was followed by Spain with 18.5% or 14,852 visas rejected

India U-17 Football men's team gears up to face Real Madrid in Spain

The India U-17 men's team is set to face Real Madrid U-17s, at the Ciudad Deportiva del Real Madrid in Madrid on Wednesday in their fourth preparatory game in Spain

Netflix loses over 1 million Spanish users over password policing in 2023

In early February, Spain became one of Netflix's first markets to introduce a monthly fee for users who shared their log-in details with another household and technical measures to detect such sharing

India U-17 men's team begin Spain tour against Atletico de Madrid U-16

The India U-17 men's team will begin its preparatory tour of Spain with a match against Atletico de Madrid U-16s at the Alcala De Henares in Madrid on Wednesday. The Indians are preparing for the upcoming AFC U-17 Asian Cup in Thailand, and will play the age group teams of some of the top Spanish clubs during the ongoing tour. Head coach Bibiano Fernandes said, "The boys are very excited to be here, training in this kind of environment and facilities. They have adapted quickly to the conditions and have been working hard, and we are getting better as a team." The match against Atletico de Madrid U-16 will be a challenging affair but Fernandes maintained that the team has its eyes trained on getting up to the proper level to compete in the AFC U-17 Asian Cup. "We are well aware of the level of quality and game insight of the teams we are set to play here. At the same time, we are preparing ourselves the way we want to play in AFC keeping in mind the teams in our group stages," said

PM Modi speaks to Spanish counterpart about strengthening countries ties

Prime Minister Narendra Modi on Wednesday spoke with his Spanish counterpart Pedro Sanchez as the two leaders discussed ways to further strengthen ties between their countries. Sanchez tweeted that he reiterated Spain's support for India's presidency of G20. Modi responded, "Glad to speak with Prime Minister of Spain @sanchezcastejon. We discussed ways to further strengthen our growing bilateral relationship. Look forward to continuing our close cooperation as part of India's G20 Presidency." The Spanish leader said they had a fruitful conversation. He added, "I have reiterated Spain's support for the Indian G20 presidency and we have agreed to continue strengthening our bilateral relations, especially in the areas of economy and trade.

Tata considers Spain, Britain for EV battery plant for supply in Europe

India's Tata is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain

Tata Power Q3 net profit nearly doubles to Rs 1,052 cr on higher revenue

Tata Power on Friday said its consolidated net profit almost doubled to Rs 1,052.14 crore in the quarter ended December 2022 compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 551.89 crore in the quarter ended on December 31, 2021, a BSE filing showed. Total income rose to Rs 14,401.95 crore in the quarter from Rs 11,018.73 crore in the same period a year ago.

India to be theme country at 2025 Madrid International Book Fair: Envoy

India will be invited as the focal country at the Madrid International Book Fair in 2025, the Ambassador of Spain to the country Jose Maria Ridao said on Tuesday. Spain is the theme country at the 46th International Kolkata Book Fair here, which began on Monday. Ridao, who was present at the Spain Pavilion', said, "We want to have a direct relation with Indian authors, which will begin from this book fair in a bigger way. "We are inviting India as the theme country at the Madrid International Book Fair in 2025. It is usually for publishers only. But, we can expand the horizon, to include cinema and music as well," he told PTI. There are over 100 events lined up at the pavilion, the envoy said. He said as part of the cultural exchange between the two countries, Spain has donated books to five universities in Bengal on Tuesday, where the Spanish language is taught. Works of Spanish authors are also being published by leading Indian publishing houses, Ridao said. "We are happy that

Fifa WC Highlights: Morocoo beat Spain on penalties, enter last 8 1st time

Fifa World Cup Round of 16, Morocco vs Spain Highlights: Morocco created history as they became the fourth African nation to qualify for World Cup quarterfinals after they beat Spain 3-0 in shoot-out

FIFA WC: No change for Spain despite defeat to Japan, says defender Rodri

With another match against Japan on the horizon, Rodri insisted that "you learn from your mistakes", but said the plan would remain the same