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Zara owner Inditex profits rise as quick-trend model pays off

MADRID - Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to what analysts said was a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shopfloor...

22 Sep 2016


Google News abandons Spain in paid content row

MADRID, SPAIN: Spain's government on Thursday defied Google's vow to shut down its Spanish online news service in protest at being made to pay for content, in its latest legal clash in Europe...

12 Dec 2014


Free voice calls for WhatsApp by mid-year

BARCELONA, SPAIN: Fresh from a US$19bn takeover by Facebook, mobile messaging service WhatsApp said it will launch free voice calls by the middle of this year.

25 Feb 2014


Telefonica reports profit slump but core revenue climbs

MADRID, SPAIN: Spain's international telecommunications group Telefonica revealed slumping profits in the third quarter of 2013 on Friday but said underlying revenues were climbing and debt levels had dropped.

11 Nov 2013


Telefonica announces sale of Czech unit for €2.47bn

MADRID, SPAIN: Heavily indebted Spanish telecoms firm Telefonica said Tuesday it had agreed to sell a 65.9% stake in its Czech unit to Czech financial group PPF for €2.47bn ($3.3bn).

6 Nov 2013


Zara owner says profit edged higher

MADRID, SPAIN: Spanish textile company Inditex, owner of global fashion brand Zara, reported a slight rise in profits in the first half of 2013 on Wednesday, 18 September, saying it had made a solid start to sales in the second half.

19 Sep 2013


Carlos Slim backs Telefonica's German ambitions

MADRID, SPAIN: Mexican billionaire Carlos Slim's America Movil said Monday it is backing rival Spanish group Telefonica's sweetened takeover bid, valued at €8.55bn (US$11.4bn), for German mobile operator E-Plus.

27 Aug 2013


Introducing Vodafone Red

LONDON, UK / BERLIN, GERMANY / LISBON, PORTUGAL / MADRID, SPAIN: Vodafone celebrates a new era in telecoms by literally turning everything red.

26 Aug 2013


KPN sells German mobile operator to Telefonica

THE HAGUE, THE NETHERLANDS: Dutch telecom operator KPN has announced that it had sold its German subsidiary E-Plus to Spain's Telefonica for €5bn in cash and a 17.6% stake in Telefonica Deutschland.

24 Jul 2013


Euronews signs deals with two TV channels in Spain

LYON, FRANCE / ARAGON, MURCIA, SPAIN: Euronews is breaking into the Spanish free-to-air DTT following the agreements with two regional TV stations, Aragón TV (ATV) in Aragon and 7RM in Murcia to partially distribute its signal and content to almost 1 million homes combined. With the deal, the recently-created Euronews Network is also expanding with ATV as a new member, the first Spanish partner of the Network.

22 Jan 2013


Spain's Telefonica turns to Latin America for profits

MADRID, SPAIN: Spanish telecoms titan Telefonica erased the red ink and posted a third-quarter profit on Wednesday as it turned away from crisis-hit Europe to find riches in Latin America.

8 Nov 2012


Environmentally friendly purchases heat up in emerging markets

NEW YORK, US: Purchases of environmentally protective products have grown significantly in two of the world's leading markets - China and Brazil; but the widespread perception that these products are too expensive may be blocking deeper adoption.

21 Aug 2012


Ad Dynamo enters Brazil with Realmedia

BRASILIA, BRAZIL: Ad Dynamo announced its entry into Brazil yesterday. "Brazil represents an enormous growth market in both online and mobile advertising, and we're very pleased to be launching here with a relevant and established player such as Realmedia," says Sean Riley, CEO of Ad Dynamo.

26 Apr 2012


New iPad tops three million

CUPERTINO, US: Apple has announced it has sold three million of its new iPad, since its launch on Friday, March 16. The new iPad features a new Retina display, Apple's new A5X chip with quad-core graphics, a 5 megapixel iSight camera with advanced optics for capturing photos and 1080p HD video, and the same all-day 10 hour battery life*.

22 Mar 2012

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