Box from Spain, a taste of real Spanish entrepreneurism
VALENCIA | By Álvaro Mohorte | The operation, now in an early stage, is basically online although some distribution shops in countries like the UK have showed interest.
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Spanish Inditex opens first Pull&Bear store in Germany
BERLIN | Pull&Bear is joining Zara, Massimo Dutti, Zara Home and Bershka which already operate in this market, where Inditex Group has presence from 1999.
Spain’s unemployment takes a breathe in the best May since 1996
MADRID | By Julia Pastor | Jobless numbers registered in Spanish public employment offices in last May dropped by 98,265 against market expectations of 50,000. It is a record high in this month since the unemployment data started to be collected in 1996.
A three-speed global recovery
BARCELONA | By CaixaBank analysts | There are still a large number of medium-term risks for a global recovery: the absence of credible fiscal consolidation plans in the United States and Japan is one of them.
Abengoa wins $364-million Portland contract
SEVILLE | Abengoa’s project is a 440 megawatt (MW) combined cycle power generation plant that will supply half the population of Portland, Oregon.
Chinese tourists: are the world’s biggest spending travelers uncivilized?
After a Chinese teenager defaced a stone sculpture in an ancient Egyptian Temple, an intense debate has sparked about travelers misbehavior and national shame. Chinese tourists increasingly are the main target for the world’s biggest hotels and tour companies. And they are big spenders: $102 billion on overseas trips last year, a 40 percent jump over 2011 spending. However, as some experts tell Ray Kwong, many consider a trip abroad more like a Spring Break to wildly indulge than a museum visit.
A case for higher living wage in Europe
MADRID | By Javier Flores of Asinver | Rising the actual minimum wages would benefit families at risk of social exclusion and poverty with no backlash results for the stability of those jobs.
Much to do against youth unemployment
MADRID | By El País | A total of €6bn for 6 million unemployed young Europeans. The plan presented by Germany and France is a response to an absolute emergency. But for it to work, it must be supported by a collective will.
Foreign investment funds approach the Spanish bad bank
MADRID | By Julia Pastor | Sareb would be preparing the selling of a portfolio valued at around €200M, which includes 38 houses located in Valencia and Andalucia, as well as a group of unfinished buildings.
This Time is Not So Different: The Euro Crisis and the 1840s
BERKELEY | By Carola Binder | The author compares the fiscal crisis in the 1840 in the US with what happened in the euro zone. Back in the XIX century state governments in America saw infrastructure projects fail and land values and tax revenue fell further, eroding their fiscal positions, making it harder for them to issue bonds and forcing them to pay higher interest rates. Something similar to what Greece is suffering.