Business - Page 7
604 news
Publix Reports Drop in Comparable Sales as Food Prices Rise
Publix saw only slight sales growth in the second quarter, with comparable-store sales falling. Rising food prices and economic pressure are changing how customers shop. The company’s net earnings increased, but internal stock value dropped.
BYD Overtakes MG as Spain's Top-Selling Chinese Car Brand
BYD has surpassed MG in monthly sales, signaling a major shift among Chinese car brands in Spain. With just over 2,000 units separating them for the year, the race for the top spot is closer than ever.
Revolut Founder Faces €17.5 Million Lawsuit Over €350 Million Superyacht
Nik Storonsky, CEO of Revolut, is being sued in London for €17.5 million by yacht broker Cecil Wright & Partners, who allege they enabled the purchase of a €350 million superyacht. Storonsky’s family office denies any obligation to pay.
Volkswagen Surprises with T6 Name for New Electric SUV in China
Volkswagen has launched the ID. Aura T6, an electric SUV designed exclusively for China. The model revives the T6 name, long associated with the iconic Transporter van, but now signals a shift in strategy and design for the brand’s electric lineup.
Two Brothers Arrested in La Rioja with €1 Million Hidden Under Bed
Spanish police seized nearly €1 million in cash from two brothers in La Rioja. The suspects allegedly used their companies to import cocaine for an Albanian network based in Dubai. Authorities made 44 arrests across Spain and Ecuador.
Nvidia CEO: Data Centre Boom Drives Soaring Demand for Skilled Trades
Jensen Huang, CEO of Nvidia, says hundreds of thousands of skilled tradespeople will be needed to build the infrastructure for artificial intelligence. As Spain already faces shortages in these professions, the surge in data centre construction is set to intensify competition for qualified workers.
Mercedes-AMG GLS 63 4Matic+ Sets New Standard for Seven-Seat Luxury SUVs
The Mercedes-AMG GLS 63 4Matic+ arrives with 612 hp, a striking new look, and a fully reworked V8 engine. This seven-seater blends high performance with luxury, but its exclusivity comes at a price.
Freelander 8 Launches in China Without Land Rover Badge
The Freelander 8, the first model from the new Freelander brand, is rolling off the production line in China. Developed by Chery and Jaguar Land Rover, this large SUV marks a new chapter for the historic name, now with electrified technology.
Peugeot 2008 Turbo 100: The New Entry-Level SUV Shaking Up the Market
Peugeot’s 2008 Turbo 100 arrives as a practical alternative for drivers wary of the PureTech engine’s reputation. With a new three-cylinder motor and a competitive price, it aims to restore confidence in the brand’s compact SUV lineup.
Bogaris Sevilla Norte Opens with Action, Guaw and Popeyes
Bogaris Sevilla Norte has officially opened its doors along the SE-20, bringing more than 11,200 square metres of new retail and dining options to the city. The first phase features Action, Guaw and Popeyes, with Planet Fitness and Izumo set to join soon.
123-Metre Superyacht Al Lusail Returns to Tarragona After €35 Million Overhaul
The Al Lusail, owned by the Emir of Qatar, has docked in Port Tarraco after a seven-month refit in Germany. The extensive renovation, estimated at €35 million, marks the yacht’s return to the Mediterranean ahead of the summer season.
Toyota Races Ahead in Solid-State Battery Breakthrough
Toyota is set to launch its first electric car with solid-state batteries by 2028, aiming to outpace Chinese rivals. This technology promises faster charging, longer range, and greater safety for the future of electric vehicles.
Europe’s Car Industry Faces Historic Job Cuts Amid Chinese Competition
Major European automakers are cutting nearly 150,000 jobs by 2035, driven by falling sales in China, rising trade barriers, and the rapid transition to electric vehicles. Germany and its flagship brands are at the center of this upheaval.
Zeekr 7GT vs BMW iX3: The New Battle for Premium Electric Cars
The Zeekr 7GT enters Europe with aggressive pricing and advanced tech, directly confronting the established BMW iX3. How do these two electric contenders compare in design, performance, and value?
Former Ulma Group CEO Iñaki Gabilondo Dies Suddenly at 62
Iñaki Gabilondo, who led Ulma Group for 16 years, has died unexpectedly at 62. His passing leaves a mark on Gipuzkoa's business and cooperative landscape. The funeral will be held on Tuesday.
HEINEKEN Spain Completes Full Shift to Renewable Energy in Brewing
HEINEKEN Spain has finished converting all its breweries to 100% renewable electricity and heat, using solar, biomass, and biometano. The company says this move supports 1,400 direct jobs and 85,000 more across its supply chain. The transition marks a milestone for Spain’s beverage industry.
Dacia CEO: EU Rules Force Us to Divert 25% of R&D from Customers
Dacia’s CEO Katrin Adt says a quarter of the company’s development resources are spent meeting EU regulations, not on customer needs. She argues for stable rules as Dacia pursues a pragmatic electrification strategy in a changing market.
XPeng G9 Arrives in Spain With Record-Breaking Charging Speed
XPeng launches its G9 AWD Performance in Spain, offering 575 hp, 800V architecture, and ultra-fast charging up to 525 kW. The SUV blends luxury, space, and technology, but its interface may divide drivers.
Pistachio Boom in Castilla-La Mancha: From 4,000 to 70,000 Hectares
Castilla-La Mancha has rapidly expanded its pistachio plantations, now covering nearly 70,000 hectares. Only a quarter of these fields are producing, yet the 2025 harvest exceeded expectations. One farmer’s story highlights the scale and promise of this agricultural shift.
Beloved L’Hospitalet Churrería Closes After 30 Years Serving the Neighborhood
After three decades as a morning ritual for families and neighbors, La Xurrería L’Àvia in L’Hospitalet has closed for good. The family-run shop, known for its churros and warm atmosphere, served its last customer on July 19, 2026, marking the end of an era for the community.
17,000 km by Land and Sea: How the Lepas 8 Arrives in Barcelona
The Lepas 8, Chery's new plug-in hybrid SUV, has landed in Barcelona after a complex 17,000 km route involving river barges and five seas. Its arrival marks a new phase in the brand's European ambitions.
BMW iX3 Neue Klasse Breaks Production Records with 50,000 Units
BMW has reached a milestone with its iX3 Neue Klasse, producing 50,000 units in just ten months. The electric SUV’s rapid success signals a turning point for the brand, as demand continues to surge and new benchmarks are set.
Colombian Firm Reinvents Brick with Recycled Plastic Lego-Style Blocks
A company in Cali has launched Plock, a lightweight building block made from recycled plastic and natural fibers. The modular design snaps together without mortar, promising faster, cleaner construction and dramatically lower environmental impact.
Spanish Shop Owner Challenges Temu Over Ultra-Low Prices
A Spanish bazaar owner has raised concerns after discovering that Temu sells cables for as little as €1, far below his own retail price of €4.95 and even under his supplier’s cost. The case highlights the mounting pressure small shops face as global e-commerce platforms reshape local retail dynamics.
World’s Tallest Ferris Wheel Proposed for Madrid’s Skyline
A 260-meter observation tower and Ferris wheel could soon rise near Madrid’s Cuatro Torres, aiming to surpass global records. While business leaders tout economic benefits, residents warn of traffic and disruption. The city council awaits formal plans before deciding.
Judge Expands ‘Caso Cerdán’ Probe to Family Finances and Linked Firms
The investigation into alleged public works rigging involving Santos Cerdán intensifies. Authorities now target family bank accounts and demand records from companies tied to the case. New evidence could reshape the legal landscape.
Spain’s Bars Face Countdown to EU Ban on Single-Use Plastic Sachets
From August 2026, Spain’s hospitality sector must adapt to sweeping EU packaging regulations. While most single-use plastic sachets will be banned by 2030, some exceptions remain. Businesses are already searching for alternatives to comply and maintain food safety.
Zeeman to Close 13 Stores in Spain After Final ERE Deal
Zeeman will shut 13 stores across Spain following an agreement with unions on collective layoffs. The deal reduces the number of closures, secures higher compensation for affected staff, and introduces support measures for older employees.
Vitoria’s Iconic Bazar Xu to Close After 27 Years as Owner Retires
Bazar Xu, a fixture in Vitoria-Gasteiz since 1999, will close between September and October 2026 as owner Hua Lan retires following health challenges. The shop is offering a 50% liquidation sale, marking the end of an era for generations of local residents.
What It Really Costs to Open a Specialty Café in Spain
A specialty café in Viladecans, Barcelona, required €105,000 to launch. Owner Lorena reveals how much she earned, what she spent, and why breaking even is tougher than it looks. Her story offers a rare, detailed look at the economics behind Spain’s independent coffee scene.
Geely Unveils Galaxy TT to Challenge Xiaomi in China’s EV Sedan Race
Geely has introduced the Galaxy TT, a sleek electric sedan designed to rival Xiaomi’s disruptive SU7. With up to 570 hp, three battery sizes, and a focus on price and technology, the Galaxy TT aims to shake up China’s competitive EV market.
Ford and Geely Seal Landmark Deal to Revive Almussafes Plant
Ford’s Almussafes factory in Valencia will soon produce Geely’s best-selling electric SUV, following a joint venture that gives new life to the struggling plant. The move marks Geely’s first major manufacturing step in Europe and promises job stability for local workers.
Japan's Biggest Employers Dismantle Barriers to Women's Careers
Facing a looming shortfall of 11 million workers by 2040, Japanese giants like MUFG Bank and Nippon Life are overhauling outdated job categories that kept women in low-paid, dead-end roles. The move signals a shift in how Japan values female talent amid a deepening demographic crisis.
Carlos Slim’s Radical Plan: Three-Day Workweek, Same Pay, Later Retirement
Carlos Slim proposes a sweeping overhaul of the workweek: three days of 12-hour shifts, unchanged salaries, and retirement at 75. His vision stands in sharp contrast to Mexico’s gradual move toward a 40-hour week, sparking debate over productivity, worker health, and the future of employment.
New Witness Challenges Jonathan Andic’s Account in Mango Founder Case
A British interpreter’s statement has cast doubt on Jonathan Andic’s version of events surrounding his father’s fatal fall in Montserrat. The new testimony raises questions about omissions in his defense and intensifies scrutiny of the case.
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