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Business/Economy news & information for Spain

Inditex founder ‘Amazon’s landlord’
Economy Thu, Mar 28, 2019

Inditex founder ‘Amazon’s landlord’

SPAIN’S richest man Amancio Ortega - founder of the global high-street clothing empire Inditex – has just bought a chunk of Amazon’s headquarters, his second-largest purchase ever after buying the London Adelphi...

Rural bank crisis: 4,000 villages have no branch and elderly residents ‘don’t understand cashpoints’
Economy Mon, Feb 25, 2019

Rural bank crisis: 4,000 villages have no branch and...

AS MANY as 4,000 villages in Spain have no local bank branch, and just 20% of these are served by a monthly or fortnightly ‘mobile bank’ open for three hours at a time. And some of these villages are within striking...

Telefónica to sell its executive aircraft for €20m
Economy Wed, Feb 20, 2019

Telefónica to sell its executive aircraft for €20m

TELECOMMUNICATIONS giant Telefónica has just put its luxury airline up for sale for between US$21.9 million and US$22.9m (€19.3m to €20.2m). Once the largest aircraft owner in the IBEX 35 – Spain’s list of the...

Bottled gas down in price by 5%
Economy Mon, Jan 14, 2019

Bottled gas down in price by 5%

BOTTLED gas is set to go down in price the day after tomorrow – welcome news for anyone who relies upon it for heating and cooking during this record week of chilly winter temperatures. Until Tuesday morning, orange...

British supermarket chain Dealz to open in Valencia
Economy Mon, Dec 31, 2018

British supermarket chain Dealz to open in Valencia

A BRITISH supermarket chain is set to open in Valencia city in the New Year and a local job agency has taken on four supervisors and 28 sales assistants. The council-run recruitment centre València Activa has struck an...

Inditex's Amancio Ortega buys part of Amazon HQ for €645m
Economy Wed, Nov 21, 2018

Inditex's Amancio Ortega buys part of Amazon HQ for...

INDITEX founder and Spain's richest man Amancio Ortega has just bought part of Amazon's headquarters in Seattle, USA, for a cool €645 million. The 82-year-old tycoon from Galicia, whose clothing and interiors...

Amazon warns of new card-theft 'phishing' scam
Economy Fri, Nov 16, 2018

Amazon warns of new card-theft 'phishing' scam

WARNINGS have been issued by global media about a 'phishing' scam affecting Amazon customers in an attempt to hack their credit card and bank details. Amazon Spain has flagged up this latest cyber-fraud and...

Inditex boss to pocket 693€ million dividend payout
Economy Thu, Nov 1, 2018

Inditex boss to pocket 693€ million dividend payout

Amancio Ortega, head of clothing retail giant Inditex, will tomorrow pocket 693 million euros for the dividend of 0.375 euros per title paid by Inditex , the textile group that he co-founded and of which he owns 59.294%...

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