In a letter to the Voice of Gibraltar Group (VOGG), David Lidington has expressed his views about the issue in Gibraltar about the incursions. He wrote that he was aware of the deep public linked with the issue but any response to the same must be controlled.

The UK minister also said that unlawful incursions by Spanish State vessels violate the UK's sovereignty but are not the threat to the same. Also, he mentioned that they didn't comprise an armed attack or invasion; therefore, it is necessary that response is appropriate.

Following a legal battle over if 70-year-old Chief Executive Alfredo Saenz should be barred from banking as a result of a criminal conviction, Saenz has resigned from his position. The announcement regarding the same was made on Monday by the euro zone's largest bank, Spain's Santander.

New proceedings were opened a month back by the Bank of Spain. The aim was to decide what would be the future of Saenz. Since, a law was passed by the government, with the help of which, he could retain his post.

Spain's best-selling newspaper El Pais's, which is also a most influential paper in the Spanish-speaking world, parent company has plans to cut salaries of staff as well as suspend a third of editorial staff. A recent report has revealed that the same seems to have outraged employee representatives at the newspaper.

As per the findings, the cuts in jobs at the newspaper were announced last Friday by Media conglomerate Prisa SA. The reason behind the same was the problems compounded by the weak economy for media companies in Spain and that too, to a great extent.

As per reports, it has been revealed that Grup Maritim TCB SL, a Spanish port operator along with Lanco Infratech Ltd has been accused by the Union Government for withdrawing from a project in Tamil Nadu.

Their withdrawal has made the Union Government to witness a lot many complications. This is the reason that the Union government has decided that it will not allow the group to make a bid next time. The ban will be applicable in all the Union Government run ports.

Automakers in Europe are at stake of facing a stunted future; the time may come anytime, as per a recent report. Fiat and Chrysler’s Sergio Marchionne is suggesting that all these carmakers should altogether cut their enormous overcapacity.

Mr. Marchionne is the chief executive of the automotive group, according to whom, the problem of European carmakers needs to be addressed in a European way only. It is being said that piecemeal solutions can only be spotted when the European Union coordinates restructuring across the continent.

Santander is known as the largest bank of Spain and is all set to raise an amount up to $4.3 billion by contributing 24.9% of Santander Mexico (SANMEXB. MX) in Mexico and the United States.

Aiming to help the bank fasten up its operations in the ill Spanish economy, Spain's Banco Santander (SAN. MC) is trying to raise more than $4 billion with its dual-country offering in regard of its Mexican unit's shares.

Relocation of the headquarters of Solar tracking controllers supplier P4Q USA will soon take place. Recently the P4Q USA informed that it is relocating its headquarters from North America to Albuquerque.

The relocation of the headquarters would help the company's solar, train business and lightening divisions to prosper. Originally, the major portion of P4Q USA is owned by P4Q Electronics of Bilbao of Spain.