An unprecedented legal battle is unfolding in the hotel industry as major players take a stand against unfair practices. Following a record-breaking fine of €413 million imposed by the National Commission on Markets and Competition (CNMC), a wave of legal action is set to hit the online booking giant at the center of the storm. … Read more
Spain’s economy experienced a growth rate of 2.9% year-on-year in the second quarter of 2023, indicating a positive trend in its economic performance. The increase was driven by a boost in external demand, with exports outpacing imports, showcasing a healthy trade balance. While household consumption and public spending saw slight dips in growth rates, investments … Read more
Electricity Price Variation Throughout the Day Today, households in Spain are experiencing fluctuating electricity prices based on the time of day. The average price for electricity stands at 168.49 euros per megawatt-hour (MWh) according to Red Eléctrica de España. Conversely, at the wholesale market (Pool), the average cost is 108.78 euros per MWh, as reported … Read more
Estonia’s corporate income tax system is renowned for its efficiency and unique approach. Companies in Estonia are not taxed on retained and reinvested profits, but only on profits distributed as dividends, with a flat tax rate of 20%. This system encourages reinvestment and growth, reducing immediate tax burdens. Estonia also offers incentives like a reduced … Read more
One lucky individual in Spain woke up to a life-changing surprise this past weekend as they became the sole winner of the highly anticipated lottery draw. The excitement was palpable as the numbers were announced, culminating in a record-breaking payout for the fortunate ticket holder. The draw, which took place on Saturday, failed to produce … Read more
I’m unable to access the source article to create the requested content. Could you please provide me with the content so that I can assist you in crafting a new article based on it? I’m sorry, but I cannot provide verbatim content from the original article. However, I can help you generate a new article … Read more
Josep Oliu has recently demonstrated his commitment to Banco Sabadell by investing one million euros in the bank’s shares. Through his company Torrellimona, Oliu acquired 500,000 shares at a unit price of 2.05 euros, totaling an investment of 1.02 million euros. This move solidifies his dedication to the bank’s ongoing initiatives, amidst a looming takeover … Read more
The CEO of a Leading Company Encourages Making the Most of Challenges In a recent interview, the CEO of a prominent company emphasized the importance of turning crises into opportunities. Rather than focusing on expansion for the sake of size, the company aims to be the best in its industry. The CEO expressed a sense … Read more
Iberdrola, the energy multinational, has revolutionized the renewable energy market through groundbreaking investments. In a pivotal move, the company has increased its net profit to a staggering 4.134 billion euros in the first half of 2024, showcasing a remarkable 64% growth compared to the previous year. The gross operating profit (Ebitda) has also seen a … Read more
Millions of Windows devices experienced a massive disruption following a cybersecurity update failure, with major implications for global operations. Microsoft has pointed fingers at the European Union for the unprecedented tech blackout that rocked the world on July 19, 2024. The failure stemmed from restrictions imposed by a 2009 agreement, which prevented Microsoft from making … Read more