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Spain May retail sales rise 1.3% y/y

Spanish retail sales rose 1.3% in May from a year earlier on a calendar-adjusted basis and excluding the effects of inflation, after rising a revised 0.6% in April, the National Statistics Institute (INE) said on Monday.The April figure was revised down from a preliminary increase of 0.8%, INE said.

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Economy
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Data centers aren't the real US power problem. Outdated policy is: Douglas J. Arent

By Douglas J. ArentData centers are being blamed for America's rising electric bills. But the real issue is not that AI — and consumers in general — are boosting energy usage. The real problem is structural, and it began long before the latest infrastructure boom.Average residential electricity rat…

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Economy
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Spain's 12-month EU-harmonised inflation unchanged at 3.6% in June

Spain's European Union-harmonised 12-month inflation rate stood at 3.6% in June, unchanged from the period through May, preliminary data from the National Statistics Institute (INE) showed on Monday.The June figure was above the 3.4% expected by analysts polled by Reuters.Core inflation, which stri…

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Economy
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Prosus profit jumps 84% as deal spree sets stage for European push

By Leo MarchandonDutch digital services operator Prosus EURONEXT:PRX reported an 84% leap in full-year adjusted core profit on Monday as it looks to expand its successful Latin American business model across Europe following a run of aggressive dealmaking.Prosus deployed some $8.5 billion for acqui…

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ARY Holding strikes deal to transfer Tekfen Holding shares to Libco Insaat

ARY Holding has signed a share transfer agreement to sell its direct and indirect stake in Turkish construction and engineering firm Tekfen Holding BIST:TKFEN to Libco Insaat, the company said on Friday.The transaction covers ARY's direct 23.4% stake in Tekfen as well as its full ownership of Vera…

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