Multiverse Computing SL is raising $570 million in a funding round that is set to boost its valuation to $1.7 billion, as investors flock to companies aiming to make it cheaper to use artificial intelligence.

European Central Bank Governing Council member Jose Luis Escrivá said high oil prices are feeding through to other parts of the economy.

European Central Bank Governing Council member Jose Luis Escrivá said high oil prices are feeding through to other parts of the economy.

Private equity firm Portobello Capital is delaying its sale of Spanish legal-tech firm Legálitas due to concerns by prospective investors that artificial intelligence will disrupt the sector, according to people familiar with the matter.

Cosco has been awarded a 50-year port concession in Tarragona on the east coast

Cosco Shipping Holdings Co. will use a terminal it acquired in eastern Spain mainly for car imports, underlying the country’s growing importance for Chinese automobile manufacturers.

The European Union will need to provide farmers with several billion euros of funding to prevent crop cutbacks following a surge in fertilizer costs caused by the Iran war, Spain Agriculture Minister Luis Planas said.

Germany and Spain are leading opposition to European Commission plans to ban Chinese technology suppliers from telecom networks as part of new cybersecurity rules, according to people familiar with the negotiations.

Spanish police seized information from the ruling Socialist Party’s headquarters, as part of a broad criminal investigation that’s gripping the country and roiling the government of Prime Minister Pedro Sánchez.

Spanish utility Cox ABG Group SA took a bridge loan to help fund a $4.2 billion asset acquisition in Mexico and placed shares as collateral.

Zara owner Inditex SA is banking on diversification across brands and countries as well as artificial intelligence to spur growth at the world’s largest listed retailer, Chief Executive Officer Óscar García Maceiras said.

Indra Sistemas SA, the defense company backed by the Spanish government, is set to replace its top executive in the latest management shakeup after its controversial chairman stepped down last month.

Telefónica SA shares jumped the most in almost three months as the Spanish carrier reported higher first-quarter earnings, boosted by growth in Brazil and easing competition in Spain.

A cruise ship at the center of a deadly hantavirus outbreak is starting the process of evacuating passengers in Spain’s Canary Islands, almost a month after the contagious disease broke out.

The European Central Bank is carefully weighing its response to the Iran war and the impact on inflation to ensure it acts neither prematurely nor too late, President Christine Lagarde told Spain’s RTVE.

The European Central Bank is carefully weighing its response to the Iran war and the impact on inflation to ensure it acts neither prematurely nor too late, President Christine Lagarde told Spain’s RTVE.

Repsol SA, BP Plc and slate of other oil firms have been accused of abusing market dominance and anti-competitive practices in a complaint filed by a Spanish wholesaler of refined fuels.

US private equity firms KKR & Co. and Apollo Global Management are considering bids for Portuguese packaging maker Logoplaste, according to people familiar with the matter.

Solaria Energía y Medio Ambiente SA is in talks to join a state-backed consortium seeking to develop a €4 billion ($4.7 billion) data center hub in Spain, part of broader European efforts to expand digital infrastructure, according to people familiar with the matter.

Solaria Energía y Medio Ambiente SA is in talks to join a state-backed consortium seeking to develop a €4 billion ($4.7 billion) data center hub in Spain, part of broader European efforts to expand digital infrastructure, according to people familiar with the matter.