Business

Bosses face €7,500 fines for after-hours messages

Bosses face €7,500 fines for after-hours messages

Thanks to the updated legislation, Spanish workers are now better protected against messages related to work that occur outside of normal working hours. According to the Workers’ Statute (Estatuto de los Trabajadores), employers who repeatedly disturb employees beyond their contracted working hours may face significant fines of up to €7,500. This regulation is based on the principle of “digital disconnect”, …

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Spain is now the top EU asylum destination, surpassing Germany

Spain overtakes Germany as top EU asylum destination

Editor’s Digest: Unlock it for Free This weekly newsletter features the favourite stories of Roula Khalaf Editor at The Financial Times. Report confirms that Germany no longer ranks as the top destination for asylum-seekers in the EU. The end of the Assad era has led to a decrease in Syrians who apply for protection within the EU. Financial Times reports …

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Co-op CEO admits cyberattack that stole data from all 6.5m members

Co-op CEO admits cyberattack stole data of all 6.5m members

Co-op, London. Credit: WD Stock Photos, Shutterstock Shirine Khoury-Haq confirmed to the CEO of Co-op that 6.5 million mutual members had their data stolen by a cyberattack in April 2025. “It hurt my members… and that I do take personally,” Khoury-Haq told the BBC, The woman added, “I am incredibly sorry for this breach.” Information stolen included names, addresses and …

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Apollo eyes takeover of Atlético de Madrid in €2.5bn deal

Apollo eyes takeover of Atlético de Madrid in €2.5bn deal

FC Atletico Madrid pitch. Credit: Yuri Turkov, Shutterstock American private equity firm Apollo Global Management is reportedly negotiating a multi-billion-euro investment in Atlético de Madrid, marking its most aggressive push yet into Spanish sport. According to Expansión, Apollo is in talks to acquire a majority stake in Atlético Holdco – the company controlling 70.35 per cent of the club’s shares …

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Mallorca Means Business

Mallorca Means Business

Palma de Mallorca Cathedral. Photo credit Reinhard_S via Pixabay Mallorca is usually associated with relaxation, vacations, and tourism. This paradise offers as many opportunities for business as there are fish in the sea. This island, with its high number of international tourists, growing interest in sustainable development, and diverse economy, is a fertile ground for those who have a global …

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EU budget restructuring will shift billions of dollars to Eastern states

EU budget shake-up to shift billions to eastern states

Editor’s Digest: Unlock it for Free In this weekly newsletter, Roula Khalaf, Editor of FT, chooses her favorite stories. Brussels is to unveil a new way to allocate more than €750bn of EU farming and development funds, shifting the common budget to favour newer member states and those bordering Russia, according to a leaked proposal. The European Commission on Wednesday …

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Exclusive interview: Transforming distressed homes into vibrant short term rentals

Exclusive interview: Transforming distressed properties into vibrant short-term rentals

Credit: Peter Milto/Shutterstock| Credit: Peter Milto/Shutterstock Ken Burrows is an experienced mortgage broker in the United States. Now he is backing a bold real estate venture named KinLux.  The plan? Snap up distressed commercial properties—think rundown hotels, motels, or other forgotten gems—and turn them into vibrant, high-occupancy group rental spots for vacationers. Burrows’ plan benefits both the housing market and the …

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Los Leones: The Spanish rugby team that makes rugby attractive again

Los Leones, the Spanish team making rugby sexy again

Get the Editor’s Digest free This weekly newsletter features the favourite stories of Roula Khalaf Editor at The Financial Times. A 20-second clip of a player in flamenco, shirtless, was the beginning. The clip went viral, capturing the heart of a nation and catapulting Manu Moreno, 26 – the personification of Spanish rugby’s new wave – to fame. He has …

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Monzo fined £21m (€25m) for allowing fake addresses like ‘Buckingham Palace’

Monzo fined £21m (€25m) for allowing fake addresses like ‘Buckingham Palace’

Monzo banking. Credit: Ink Drop, Shutterstock Britain’s digital bank Monzo has been fined £21 million (€25 million) for failing to prevent financial crime, after it allowed thousands of accounts to be opened using clearly fake or implausible addresses, including Buckingham Palace and 10 Downing Street. The Financial Conduct Authority announced the fine Tuesday, July 8 citing “completely insufficient” anti-financial crimes …

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How I built my dream business with zero experience in Spain after leaving the corporate grind of London!

How I swapped the corporate grind in London and built my dream business in Spain with zero experience!

I swapped the corporate grind in London for sun, sewing and self-employment — and built my dream business in Spain with zero experience. Stock image: Woman at home sewing a yellow-and-white Flamenco dress on her sewing machine. Credit: adriaticfoto, Shutterstock. She had no fashion degree, no business plan, and no clue how to make a flamenco dress – but that …

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