
Apple declares losses in Spain despite booking record turnover
Technology giant did two billion euros’ worth of business in 2012, but local units avoid paying tax

Technology giant did two billion euros’ worth of business in 2012, but local units avoid paying tax

Juan Rosell: “There is fat everywhere in the administration”
Economy shed 8,500 jobs a day in January
Thousands hold nightly demonstrations in front of party headquarters across Spain

Over two-thirds of funds received from business and private patrons were outside of the law

PP Senate speaker admits that papers correctly show loan he received from party’s unofficial accounts

Ledgers reveal that PM Rajoy was apportioned annual sum of 25,200 euros for 11 years Documents include donations from construction firms and businessmen implicated in Gürtel
South Korean firm to hand over 9.5 million euros for the period 2005-2008

Growth slowed somewhat in the third quarter
Agency wants new pension and labor reform and the elimination of partial retirement

Repsol chairman Antonio Brufau discusses the chances of an agreement with Argentina
Economy to shed 500,000 jobs next year
Airline says it is losing 1.7 million euros a day Layoffs to affect 22 percent of workforce.
More than two million of working population not entitled to unemployment benefits Spending on jobless already close to budget for full year
Former economy minister ordered to appear as High Court investigates possible fraud in listing of the nationalized bank
Country ranks 136th out of 185 on the World Bank’s survey on the ease of doing business
Lenders may also transfer consumer loans, company credit and real estate assets
Economy Minister de Guindos says any change would be in agreement with European partners
Lagarde calls on “creditor countries” to facilitate bailouts for countries that need them
Agency says it is Spain’s call on bailout but warns of risks of not seeking aid
Minister insists government’s economic forecasts are “credible” despite gloomy horizon
Only Greece will perform worse Fund foresees country failing to comply with European deficit rule until 2017
Syndicated loan called in after French bank refuses to extend it
After the third round of stress tests, analysts foresee no more than 10 entities surviving Local lenders respond to results of Oliver Wyman audit on the sector
British unit takes out coverage for possible losses on 35 billion pounds of contracts
Spending on benefits up 5.4 percent in first seven months of the year when the government expected a fall
Government attaches harsh conditions to central rescue fund Provisions of 18 billion euros being prepared