Business - Page 7
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Ceuta rolls out direct cash aid for self-employed and businesses
Ceuta is launching a 36.6 million euro direct aid program for local businesses and self-employed workers. Applications open 14 September, with payments of up to 150,000 euros for companies and 5,000 euros for autónomos. The plan is meant to support the city’s economy and key sectors.
Serial Impostor Walks Free Again After Madrid Police Catch Him in the Act
José Trinidad Márquez, known as the Camaleón Criollo, was arrested in Madrid for attempting to defraud a businessman of 120000 euros. Despite over 20 cases against him, he was released with charges. His scams have targeted major companies for decades.
Google commits €13 billion to Finnish data centers and energy
Google will invest at least €13 billion in expanding its Finnish data centers and energy infrastructure by 2028. The project is expected to create thousands of jobs and includes a long-term nuclear energy agreement, marking a significant change for Finland’s digital economy.
Judge orders police to track Jonathan Andic’s Ecuador expenses and calls
A Barcelona judge has demanded a full police report on Jonathan Andic’s rapid trip to Quito after his father’s fatal fall. Investigators are focusing on the disappearance of Andic’s phone and his financial activity during the 48-hour journey.
Logistics Strike Threatens Operations in Guadalajara
A massive strike looms over Guadalajara’s logistics sector after nine months of failed negotiations. Unions demand a 6% pay rise, shorter annual hours, and limits on temporary agency staff. The dispute could disrupt a quarter of the province’s economy.
China faces safety fears as carmakers race to cut development time
Chinese authorities are sounding the alarm as local carmakers slash development cycles to as little as 18 months. The push for speed, driven by AI, now collides with mounting concerns over safety and long-term reliability.
Volkswagen Considers Selling Ducati Amid Restructuring
Volkswagen is weighing a possible sale of Ducati as it overhauls its business. An Italian investment fund has offered 2.5 billion euros, and the Italian government is pushing to keep Ducati under national control.
Jaguar Land Rover to Cut 4,000 UK Jobs as US Tariffs and Costs Bite
Jaguar Land Rover will cut 10 percent of its UK workforce over two years, citing falling sales, higher costs, and new US tariffs. The move highlights growing pressure on the British auto sector as global competition heats up.
Roig Arena sets new attendance record in Valencia with 1.7 million visitors
Roig Arena in Valencia has surpassed all forecasts, attracting over 1.7 million visitors in its first year. The venue has quickly become a magnet for major concerts, sports, and corporate events, reshaping the city’s cultural landscape.
Mercedes and YASA reveal a ten-kilo electric motor with record power
Mercedes and its subsidiary YASA have developed an electric motor weighing just ten kilos that can deliver up to 1000 horsepower per unit. This advance in axial flux technology could make bulky, heavy EV motors a thing of the past and reshape the future of high-performance cars.
Seat Faces Uncertain Future as Volkswagen Shifts Focus to Cupra
Seat, once the symbol of Spain’s automotive rise, could disappear from showrooms after 2030 as Volkswagen weighs its investment priorities and bets on Cupra. The fate of the brand now hangs on the group’s electric strategy and regulatory pressures.
Geely's Quiet Expansion in Spain: More Than Meets the Eye
Geely has quietly sold over 2,000 cars in Spain this year while shaping the future of mobility across Europe. From satellites to London taxis, the company’s reach extends far beyond what most drivers realize.
Volkswagen Leaves Seat’s Future Uncertain as Electric Shift Pressures Mount
Volkswagen is reconsidering Seat’s future beyond 2030, citing the rising costs of electrification and stricter emissions rules. The group is focusing on Cupra for growth as it weighs whether to keep investing in the Spanish brand.
Volkswagen Announces 50,000 Job Cuts, Leaves Seat’s Future Unclear
Volkswagen will cut 50,000 jobs and reduce its model range across Europe, but the company has not addressed what will happen to Seat. German factories are at risk, and Spain’s auto industry is left in the dark.
Ford Prepares Off-Road Mustang Baja with V8 and All-Wheel Drive
Ford is developing a Mustang Baja: a high-riding, all-wheel-drive V8 coupe aimed at the off-road performance market. The project, shown to dealers in 2024, signals a bold shift for the legendary nameplate and could reshape expectations for sports cars.
Madrid Emerges as European Launchpad for Latin American Fashion
Madrid is fast becoming the European base for Latin American fashion. Colombian designers and brands are opening flagship stores and joining major events. The city’s luxury districts now serve as a gateway for Latin American design.
Afghan Carpets Transform Madrid’s Rastro and Support 250 Families
Traditional Afghan carpets now fill Madrid’s Rastro, connecting 250 families in Surkh Aqcha to Spanish buyers. The business adapts ancient weaving to modern tastes, reshaping livelihoods and interiors across continents.
OpenAI launches GPT‑6 Astra, raising the bar for AI in cybersecurity and science
OpenAI launches GPT‑6 Astra, its most advanced AI model, with record scores in cybersecurity, mathematics, and professional automation. The rollout begins for select organizations and will soon reach all premium users and developers.
Volkswagen to Cut 50,000 Jobs, Four German Plants Face Uncertain Future
Volkswagen will cut 50,000 jobs and reduce production in Europe by 2030, putting the future of four major German factories in doubt. The company is responding to overcapacity and growing pressure from Chinese automakers.
Xiaomi Targets 2027 for European Electric Car Debut
Xiaomi plans to launch its electric cars in Europe in 2027, starting with Germany after signing agreements with eight major dealership groups. The company previewed its latest models at IFA Berlin, signaling a direct challenge to established automakers.
Volkswagen Board to Decide Seat’s Future as Uncertainty Grows
Seat’s future is up for debate as Volkswagen’s board meets to set a new direction. Spanish sales are up, but with no new models and industry pressure mounting, the brand faces tough questions.
Range Rover Launches Its First Electric SUV After a Year’s Delay
Range Rover has launched its first fully electric SUV, offering up to 600 km of range and a 22-minute charge from 10% to 80%. Orders are open in the UK, but pricing and arrival details for Spain are still unknown.
BYD’s Stella Li Claims Superiority Over Tesla: 'We Do Everything Better'
Stella Li, executive vice president of BYD, asserts the Chinese automaker outpaces Tesla in technology, production, and reliability. Her bold claims come as BYD pushes into Europe and eyes zero-accident autonomous driving.
European Prosecutors Uncover €27.9 Million Fuel Fraud Linked to Spain
The European Public Prosecutor’s Office has exposed a €27.9 million scheme involving Spanish fuel firms and Portuguese shell companies. Funds were laundered across borders, with millions seized and key suspects identified.
Burgos Bakery Cuts Sunday Hours After Failing to Find Night Shift Staff
Villímar, a family-run bakery in Burgos with 72 years of history, has stopped opening on Sundays after struggling to hire staff for its early morning shift. Despite offering €1,600 per month and a reduced workweek, the owners could not fill the position.
Why Fran Left a 20-Year Career to Build a Life Around 400 Beehives
After two decades in construction, Francisco José González García—known as Fran—traded his stable job for the uncertain world of beekeeping. Now, he manages 400 hives across three provinces, producing and selling natural honey under the Mielegante brand. His story reveals both the challenges and rewards of rural self-employment in Spain.
Mallorca’s Bar Castilla Closes After 10 Years Under Enrique Perlado
Bar Castilla, a beloved fixture in Palma’s Es Fortí district, has closed after a decade with Enrique Perlado at the helm. The 65-year-old owner, known for his signature torreznos, leaves following a legal dispute over the rented premises. Perlado now faces the challenge of continuing to work in hospitality until retirement.
Omoda: The Chinese Car Brand Reshaping Spain’s Roads
Omoda has quickly become a standout name among Chinese car brands in Spain. Here are seven lesser-known facts that reveal how this brand evolved from a Chery project to a major player on European streets.
Hyundai Bets Big on US Expansion, Robotics and Robotaxis for 2030
Hyundai is aiming for a profitability rate above 9% by 2030, driven by major investments in the US, a surge in robotics and robotaxi development, and a sweeping renewal of its model lineup. The plan includes over 100 new or updated vehicles and a sharp focus on electrification.
Mercedes CEO Calls Electric CLA 45 the Best V8 Experience Yet
Mercedes CEO Ola Källenius says the new electric CLA 45 delivers the most convincing V8 sensation he’s ever experienced, thanks to simulated engine sounds and innovative seat technology. The claim highlights the evolving identity of high-performance EVs.
Hyundai Unveils Aggressive Plan: 100 New Cars and Extended-Range Tech by 2030
Hyundai has announced a sweeping strategy to launch over 100 new vehicles by 2030, including models with extended-range electric technology. The plan aims to counter Chinese competition and reshape the brand’s global presence.
Iberdrola Bets on Profitability for EV Charging by 2030
Iberdrola, Spain’s leading electric vehicle charging operator, expects its charging division to turn profitable before 2030. Heavy investment and slow market growth have delayed returns, but usage is rising and the company is holding prices steady.
Ford to Build New SUV in Valencia Using Geely Platform
Ford will manufacture a new compact SUV at its Almussafes plant, using Geely’s GEA platform and offering both hybrid and electric options. The move marks a major shift for the Spanish factory and its workforce.
Carrefour Bans Electric Cars from Upper Parking Levels in Key Stores
Carrefour has restricted electric vehicles from parking on upper floors in some of its older stores, citing structural and fire safety risks. The move highlights the growing tension between green mobility and aging infrastructure.
Madrid Builder Ditches Staff for Freelancers as Spain Faces Bricklayer Shortage
At 75, Rafa Domínguez closed his permanent team and switched to working with three freelancers. His decision reflects a wider crisis: Spain’s construction sector now struggles to find experienced bricklayers, with official data confirming a shortage of candidates and technical skills.
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