National
D. VALERA
Last Friday, 23 February, was a black day for the Spanish company Inditex, the world's largest fashion group. Share prices in the company fell 7.06%, its worst performance since 2009. Put another way, the company lost 5.92 billion euros in value.
Local
I. LILLO/ P. MARTÍNEZ
billion euros, has been looking for a home for a while ever since Madrid said it couldn't be built there. But the interest in the Costa del Sol appears to be a red herring to encourage the acceptance of the project by the regional government in
Local
P. M. / H. B. / N. H.
...afternoon when Prime Minister Pedro Sánchez announced relief measures for small and medium businesses (SMEs) and the self-employed, as well as the tourism sector in general. As part of a stimulus package worth 14 billion euros, all self-employed and SMEs
Opinion
ANDREW J. LINN
...to lose customers, or pass it on and still lose customers. Either way it was almost certainly a prelude to closing down her business. The Wine & Spirits Wholesalers of America Association has projected the loss of 36,000 jobs and US$1.6 billion in ... wages, costing the US economy more than $5.3 billion. The saddest aspect of the whole matter is that the wine business is paying for the Boeing-Airbus spat that Trump has emphasised as being the main justification for the introduction of the taxes on
Opinion
Mark Nayler
World War II, named after US Secretary of State George Marshall, Sánchez has requested that Brussels implement a "major Marshall Plan". Combined with an emergency package of €200 billion to be provided by his Socialist government, this would give
National
SALVADOR ARROYO
2030, which estimates suggest would require an annual investment of 260 billion euros, or 1.5 per cent of the EU's combined GDP in 2018. Von Der Leyen's new plans of 50 or even 55% reductions by 2030 would raise this cost further, but the German stressed ... the huge costs of inaction; droughts and floods currently cost EU countries 15 billion euros a year. The Commission's plan would involve a yearly investment of 100 billion euros, and also involves the European Investment Bank incentivising billions
National
SUSANA ZAMORA
...benefit the fine can be between 10,000 and 187,000 euros. 24.6% is the percentage the submerged economy represents of Spanish GDP. It means 250 billion euros a year escape tax and employment controls, according to the Tax Inspectors Union. Manuel ... they should, and, above all, affects the income of the State. “The submerged economy in this country represents 24.6 per cent of GDP, and means that 250 billion euros escape fiscal and employment controls. According to our estimations, the money the ... State is not receiving in tax and Social Security contributions is between 60 billion and 70 billion euros a year,” says José María Mollinedo, the general secretary of the Ministry of Finance Technicians Union (Gestha). Tax havens and dividends There
Opinion
Mark Nayler
On Tuesday, prime minister Pedro Sánchez announced that his government will provide an aid package of €200 billion to deal with the Covid-19 (C19) outbreak in Spain. The next day, during a subdued parliamentary session attended by just a few MPs,
Local
SUR
...residents allowed into the country. This was ahead of a similar EU-wide ruling the next day. Further major announcements this week included a package of 200 billion euros for the economy, clarifications to the ban-on-movement decree and the Foreign Affairs
Local
J. A. BRAVO
...share) and MRW (11.2%) come next, followed by DHL (6.2%). Online sales reached 39bn Online shopping sales in Spain reached over 39 billion euros in 2018 and helped increase postal services' revenues by 19% to almost 4.9 billion euros, even though the