IBEX 35

Spanish bourse hits new low for the year

Low investor confidence brings down markets across Europe

BIG BONUSES

Stock market watchdog to toughen up on remuneration declarations

Companies will have to provide detailed explanations of their payout policies

TELECOMS INDUSTRY

Telefónica sells Irish unit to Hutchison Whampoa of Hong Kong

Deal includes upfront payment of 780 million euros

LATIN AMERICA

Proposed reforms inside Pemex threaten to break Mexico’s biggest leftist party

Tensions among PRD’s leaders have divided members into factions

Andalusia plan to expropriate homes at risk of eviction slammed by EC

Commission warns of increased borrowing costs and “a drop in the value of real estate assets”

EUROPEAN SUMMIT

EU will give Spain two billion euros to boost jobs for young people, says minister

Unions skeptical of progress at European Summit Social issues “will not be given room,” argues CCOO head

PRISM SPYING SCANDAL

Ecuador gave Snowden travel document, says WikiLeaks founder Assange

The whereabouts of former NSA contractor, wanted by the US, remain unknown

TENNIS

Nadal dumped out of Wimbledon on day one

Belgian Steve Darcis wins in straight sets to record the Spaniard’s first-ever defeat in the opening round of a Grand Slam event

THE PP'S HIDDEN FINANCES

PP says investigation into ex-treasurer is “becoming a witch hunt”

Spokesman for ruling party argues probe has malicious intent and that all members feel “disgust” for corruption

PREFERRED SHARES SCANDAL

Open season on bank employees

Local Novagalicia branches are bearing the brunt of preferred share victims' ire

ARCHITECTURE

Cathedral claim breathes life into cloister debate

Medieval expert says the Romanesque gallery discovered on a private Catalan estate dates back to the 12th century and comes from Salamanca

OPINION

Allah’s pendulum

Erdogan’s excesses and Morsi’s creeping conservatism offer little hope that Islam and democracy can mix

CORRUPT politics

Gürtel boss invoiced La Moncloa for trips during Aznar’s time in office

New court probe papers also show that kickbacks network offered top Popular Party officials luxury watches

National Health Scare

How rabies returned to Spain: first case since 1975 caused by passport check failure

Infected dog bites five people after its owners entered the country illegally Health Ministry says chances of an outbreak remain minimal