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Cocaine smuggler sentenced to 14 years imprisonment in Cuba

CUBA: A drug smuggler named Paul Scott, 32 who is said to be from Vauxhall, Liverpool has accepted his crime of being involving in conspiracy to import cocaine. Scott had been on the run since 2010 and was captured last December when he returned to the UK from the Netherlands in a Cessna light aircraft which landed at the remote ... Read More »

Spanish Police seizes 11 ton hashish from 55 drug traffickers

MADRID: Spanish police have seized 11 ton of hashish and detained 55 people as part of a vast operation targeting a Moroccan drug trafficking ring. The operation was launched today throughout the country, including Madrid, Barcelona, Malaga and the Spanish exclave of Ceuta in Morocco. Seven firearms, including two assault rifles, were also seized during the operation. Spain’s proximity to ... Read More »

Spain unemployment rate falls to 23.7% in 2014

MADRID: Spain’s unemployment rate fell in 2014 for the second straight year, dropping by just over two points to 23.7 percent, but still remains at one of the highest levels in the European Union, official data showed on Thursday. The fall was greater than what had been expected by the government, which had forecast the country would end 2014 with ... Read More »

Spanish police found drug smuggling gang seize 150g cocaine worth £6,500

MADRID:  Spanish drug dealers attempted to smuggle cocaine into France by hiding it inside a sarnie. Police made the bizarre find when they stopped three people on their way to France. The married couple and another man had what looked like two ordinary sausage sandwiches in a coolbox. However, when officers looked closer, they found they contained 150 grams of ... Read More »

Spanish police investigating two former IRA members on smuggling

MADRID:  Two former Irish Republican Army members and convicted bombers Leonard Hardy and his wife Donna Maguire, who live outside Dundalk, were arrested in Spain last week. Garda sources say Maguire has now been released on bail and is due back in Ireland. Hardy remains in custody on the Canary Islands after bail was set for him at €250,000. He ... Read More »

Spain’s Abengoa to make joint venture with EIG Global Energy Partners to launch $9.5b project

MADRID: Abengoa Spanish Multinational Corporation jumped the most in seven weeks after the Spain’s renewable energy company said it plans a joint venture with EIG Global Energy Partners Limited Liability Company to invest in projects under construction. Abengoa’s Class B shares climbed 16 per cent to 2.19 euros in Madrid. The Seville based company’s 5.5 per cent bonds issued through its ... Read More »

Banco do Brasil of Brazil gets central bank’s approval for Cielo venture

SAO PAULO: Banco do Brasil Spanish, the nation’s largest bank by assets, said on it received approval from the central bank for a joint venture with card payment processor Cielo Spanish, but it will not be able to book accounting gains from the deal. Banco do Brasil announced the planned joint venture in November, valued at 11.6 billion reais ($4.3 ... Read More »

Increase in rail fare by 2.5pc hits commuters in England, Wales

LONDON: Trades Union Congress (TCU) has complained that the recent hike in rail fares has outstripped wage growth despite the service being plagued with delays and overcrowding. The TUC said the UK had some of the highest rail fares in Europe, and that UK passengers spent respectively more than twice as much of their salary on tickets compared to those ... Read More »

Spain’s manufacturing sector expands for 13th month in December

MADRID: Spain’s manufacturing sector expanded for a 13th month in December, though at slower rate than a month before, while the employment index grew at its fastest in more than seven years. Markit’s Purchasing Managers’ Index (PMI) of manufacturing companies stood at 53.8 in December, down from 54.7 in November 89 month high. It remained above the 50 mark that ... Read More »

Spain Civil Guard seizes 26,000kg smuggled kebab meat

BARCELONA: Spain Civil Guard has seized 26,000 kilograms of illegal kebab meat from two companies in Barcelona that were trying to supply it to bars and restaurants, here the other day. The meat, which was manufactured in central Europe and not subjected to health controls, was stored in two warehouses, one in Badalona, which contained 20,000 kilos, and another in ... Read More »

Spain’s Ferrovial plans to raise full takeover offer for Australia’s Transfield

MADRID: Ferrovial Spanish infrastructure group plans to raise its full takeover offer for Australia’s Transfield Services Limited. Ferrovial has proposed an offer of A$2.1 per share, valuing Transfield at A$1.076 billion, according to Expansion. The new proposal has been passed to Transfield’s board which could reach a decision within hours. On Oct. 20, Ferrovial offered A$1.95 per share for Transfield, ... Read More »

Spain ready to set world’s first Smurf Park in Lleida

MADRID: Spain is ready to set world’s first Smurf Park in its city Lleida, a project that will create 200 jobs in the region. The project dedicated to the little blue characters known as ‘pifutos’ in Spanish will have set-up fees of €47 million ($57.8 million), Lleida’s town hall said on Thursday. Expected revenues will be €14 million in the ... Read More »

Spain Customs seize two separate illegal fireworks

GIBRALTAR: Spain Customs officers have seized two separate illegal fireworks in the lead-up to the Christmas period, a Spanish Customs officer said here the other day. The raids came about as a result of increased Customs checks aimed at the detection of fireworks purchased in Spain. Fireworks are a restricted import under the Imports and Exports Act and it is ... Read More »

Spain Customs seizes 2kg hash from ‘imam’ at Algeciras port

GIBRALTAR: Spanish Customs arrested an elderly man who disguised himself as an imam, at Algeciras port in Spain after officers say they found 2 kilos (about 4 pounds) of hash under his robes. Hash, or hashish, is a cannabis product made of pressed or purified preparations of stalked resin glands, according to a Customs official. The fake imam, 64-year-old Azad ... Read More »

Spanish Repsol to buy Talisman Energy’s 5th largest producer for $13b

MADRID: Repsol Spanish oil company said on Tuesday it had reached an agreement to purchase Talisman Energy’s fifth largest producer Canadian oil company in exchange for $ 13 billion. This contributes to reducing the company’s dependence on the production of high-risk areas such as Libya. And promote the proposed transaction exploration and production activities in Repsol to compensate for the ... Read More »

Spain new ‘Google tax’ shut down Google News

MADRID: Today, the Google shut down its Google News service in Spain to avert publishers objection on Google News to display their content without payment. In this regard, the new law will impose in next month in which Internet search company would pay Spanish news organizations for linked content or fragment of news. The move marks the first time globally ... Read More »

Spanish gets five-year jail for trying to smuggle tonnes of cannabis into UK

FRANCISCO:  A Spanish lorry driver has been jailed for five years after attempting to smuggle two tonnes of cannabis resin into the UK, drugs had an estimated street value of £5.6 million. Border Force officers stopped a Spanish-registered lorry at the UK freight controls at the Channel Tunnel entrance in Coquelles France on 5 June 2014. After questioning the driver, ... Read More »

Spain’s Villar Mir reduces stake in OHL

MADRID: The controlling shareholder in Spain’s Group Ontario Hockey League (OHL) Villar Mir said in a statement on Friday it had reduced its stake in the building company to 57.6 percent from just over 61 percent since September. OHL’s Chairman Juan Miguel Villar Mir said it was not planning further sales and said it would not in any case cut ... Read More »