Spain
Erste acquires 49% stake in Santander’s Polish unit for $7.7 billion
Erste bank headquarters in Budapest. ATTILA KISBENEDEK I AFP I Getty Images Austria’s Erste Group Bank acquired a 49% stake in Santander’s Polish unit for around 6.8 billion euros ($7.7 billion), Santander and Erste said Monday, driving shares in Santander Bank Polska down around 5% in Warsaw. Santander and Erste also reached a deal for Erste to acquire 50% of the Spanish […]
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Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government
Signage outside a Banco Bilbao Vizcaya Argentaria SA (BBVA), right, and a Banco Sabadell SA, left, bank branch in Barcelona, Spain, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have […]
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Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal
U.S. President Donald Trump looks on, on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 23, 2025. Leah Millis | Reuters European officials say they’re optimistic a trade deal can be reached with U.S. President Donald Trump, warning of significant economic harm to both […]
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Baby boomers and first-time travelers are shunning Europe’s summer hotspots in favor of ‘coolcations’
Baby boomers and first-time travelers appear to be driving a so-called “coolcations” trend, shunning Europe’s peak summer hotspots in favor of cooler climes — such as the Nordic and Baltic countries. Extreme summer heat, combined with cost and overcrowding concerns, are affecting where people choose to go on vacation. For some, the appeal of booking […]
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Trump’s reciprocal tariffs would hit these European Union products that Americans buy the hardest
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of […]
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Trade war is a ‘zero-sum game,’ Spain’s PM warns, as Trump threatens EU with tariffs
A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday. “We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., neither for the European […]
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As WEF gets underway, the list of world leaders not attending Davos speaks volumes
View ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC LONDON — It’s that time of year when the great and the good gather for the annual World Economic Forum in Davos, Switzerland. A slew of heads of state, politicians and business moguls are set […]
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44-year-old who left the U.S. for Spain: I have ‘shorter work hours’ and ‘more energy’
From the moment I set foot in the Netherlands at 17, I knew I wanted to move abroad. But my dream of living overseas always felt just out of reach. I made several attempts: studying Spanish in Spain at 21, teaching English there at 26, and even returning to pursue a master’s degree at 29. […]
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Spain plans to tackle housing crisis with 100% tax on homes bought by foreigners
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on […]
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Dodge maker Stellantis and China’s CATL team up to build $4.3 billion EV battery plant in Spain
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium […]
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