Spain

Spain's Controversial Windfall Tax on Energy Companies Repealed in Parliament

3 days ago

In a surprising turn of events, the Spanish parliament has voted to repeal the windfall tax imposed on energy companies. The decision comes after intense debate and scrutiny surrounding the financial burden placed on these firms amid soaring energy prices. This rollout of the tax had been designed to assist in funding measures to combat rising energy costs for consumers, especially in light of the ongoing energy crisis exacerbated by geopolitical tensions.

TickTok Expands E-Commerce Horizons: TikTok Shop Launches in Spain

12 days ago

In a significant move aimed at expanding its e-commerce footprint in Europe, TikTok has officially launched its shopping feature, TikTok Shop, in Spain. This rollout marks the platform's entry into the European market, highlighting its strategy to tap into the booming online retail sector and leverage its massive user base.

Glovo Transforms Food Delivery Workforce: Drivers to Become Full-Time Employees

19 days ago

In a landmark decision, Glovo, the Spanish food delivery giant, has announced that its delivery drivers will transition from freelance roles to full-time employment contracts. This significant shift is set to impact thousands of workers in the burgeoning gig economy, aiming to improve job security and benefits for those who play a critical role in the company's operations.

Delivery Hero Faces Stock Decline After Spanish Courts Classify Drivers as Employees

20 days ago

In a significant development for the gig economy, Delivery Hero's shares took a sharp downturn following a ruling by a Spanish court that classified its delivery drivers as employees rather than independent contractors. This landmark decision underscores ongoing debates surrounding worker rights in the evolving landscape of on-demand services.

Spanish King Sounds Alarm on Flood Misinformation Amid Rising Death Toll

2 months ago

In the wake of devastating floods that have swept through parts of Spain, King Felipe VI has issued a stark warning regarding the proliferation of misinformation surrounding the disaster. As the country grapples with the aftermath of the floods, which have led to more than a dozen confirmed fatalities and left countless others in peril, the King urged citizens to remain vigilant and seek information from reliable sources.

Masdar Agrees to Acquire Spanish Renewables Firm from Brookfield

3 months ago

Masdar's acquisition of Eolia Renovables, a Spanish renewable energy company, from Brookfield Asset Management, delineates a serious expansion into its foreign footprint of renewable energy. The deal underlines Masdar's commitment to sustainable energy and further strategic expansion into the European market.