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- Chavez nationalises Banco de Venezuela
President Hugo Chavez has made a great leap towards increasing democratic control over the economy by nationalising Venezuela's third-largest bank. The government took over Banco de Venezuela after agreeing to pay Spanish privateer Grupo Santander more
- Kenya tourism looks up
MADRID, Jul 2 - Kenya has been named as one of the few tourist destinations worldwide that see increased arrivals as the year progresses, according to the United Nations. A statement from the UN World Tourism Organisation says the recovery of Kenya as
- Chinese oil companies eye stake in Repsol unit
MADRID: Two giant Chinese oil companies are interested in buying a 30-percent stake in an affiliate of Spanish oil major Repsol, media reported yesterday. The China National Petroleum Corp (CNPC) and China National Offshore Oil Corp (CNOOC) are ready to
- 108 would-be migrants arrive in Spain
Madrid - Seven boats carrying 108 would-be migrants including several children were intercepted by Spanish coastguards off the southern coast in the Almeria area, police said Saturday. They said the would-be migrants were beliveed to have come from
- Venezuela assumes control of top bank
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. The purchase of the Spanish-owned Banco de Venezuela gives Chavez's socialist government
- Citygrove signs up Travelodge in Spain
By Laura Chesters Hotel group takes prelets on Barcelona, Valencia and Seville developments Citygrove Securities has linked up with budget hotel operator Travelodge for a Spanish venture. Citygrove has agreed to buy three sites in Barcelona, Valencia and
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Spains powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World Wars I and II, but suffered through a devastating Civil War (1936-39). In the second half of the 20th century, it has played a catch-up role in the western international community. Continuing concerns are large-scale unemployment and the Basque separatist movement.
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