Economy - Page 17 2976 news

Fisherman Battles 2.5-Meter River Giant in São Paulo

Roberto do Carmo Jesus spent 45 minutes fighting a 160-kilo pirarucú in the Marinheiro River in São Paulo. Too large for his boat, the catch comes as Brazil tightens rules on the invasive species outside the Amazon, showing the growing impact of non-native fish in Brazilian waters.

Repsol Warns of Diesel Supply Risks as Summer Approaches

Repsol’s CEO has raised concerns about Europe’s ability to secure enough diesel and kerosene this summer. Spain is better prepared, while other EU countries face greater vulnerability due to refinery closures and global tensions.

Rental Caps Lifted in Granollers Amid Housing Shortage

Granollers and other Catalan cities are leaving the list of regulated rental zones. Agencies report a lack of available flats, while new limits are coming into force in Tordera. Authorities and property experts warn of a deepening rental crisis.

La Carlota Factory Faces Hiring Surge as 10,000 Apply for Jobs

Grupo Aviserrano’s new poultry plant in La Carlota has received nearly 10,000 job applications, but hiring is still underway. The company is seeking production workers and specialists as it prepares for a September launch with an initial workforce of 300-500 employees.

BMW to Cut 8,000 Jobs Worldwide in Major Restructuring

BMW plans to eliminate 8,000 positions worldwide to simplify operations and reduce costs. Most cuts will affect non-production staff in Germany, with early retirement and severance programs likely to account for much of the reduction.

Spanish Shop Owner Challenges Temu Over Ultra-Low Prices

A Spanish bazaar owner raised concerns after finding Temu cables for as little as €1, well below his €4.95 retail price and even below what he said he paid his supplier. The case highlights the pressure on small shops as global e-commerce platforms reshape local retail.

Volkswagen Engineers Arrested in $5 Billion Rivian Insider Trading Scandal

Two former Volkswagen engineers were reportedly detained in California over alleged stock trades tied to the company’s partnership with Rivian, but do not corroborate the arrests. The partnership is documented; no basic charging document or official agency statement confirming the alleged case was identified.

Valencian Community to Receive Record €16.3 Billion in 2027 Funding

The Valencian Community is set to receive its largest-ever state funding allocation in 2027, with €16.3 billion earmarked. The Spanish government is urging regional authorities to negotiate reforms that could bring additional resources, as tensions rise over the region’s refusal to discuss the new model.

Construction Begins on Infinity, Valencia’s Ambitious Mega Mall

Heavy machinery has arrived in Turianova as work begins on Infinity, a vast shopping and leisure destination planned for Valencia’s southern gateway. Backed by General de Galerías Comerciales, the project targets a 2028 opening, with more than 220 shops plus restaurants and entertainment, a hotel and offices.

Barcelona Fast-Tracks Montjuïc Fairgrounds Overhaul Ahead of 2029

Barcelona has launched the next phase of the Montjuïc Fira redevelopment. Demolition and construction are underway to meet the 2029 centenary deadline. The project includes a new multifunctional venue and restored historic buildings, alongside hundreds of protected homes.