In Spain

OPEC cut to impact Spanish economy

Inflation holds steady at 4.9% in October following lower fuel prices

Inflation held steady in October. The Consumer Price Index (CPI) placed its year-on-year rate at 4.9%, according to data released by the National Statistics Institute (INE), which cites falling fuel prices as one of the main drivers. Nevertheless, it remains the highest rate since February 2023. In detail, the groups that stood out for their downward pressure include food and non-alcoholic beverages, which placed their annual rate at 2.4%—three-tenths of…

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Urda

At least 68 dead in second rail tragedy in nine months

The collision of a Renfe High-Speed train (AVE) with a stationary Iryo train near Urda (Toledo) has left at least 68 people dead. A failure in the LZB safety system forced traffic to be managed manually. Subsequently, Adif’s control center authorized the AVE train to proceed without warning it of the stopped train ahead. The investigation will have to establish responsibility for this new disaster, which has disrupted the PSOE’s…