Officials have said that the Spain's King Juan Carlos wants to give his 21-million-Euro yacht to the government. The 41.5-metre yacht was named Fortuna and was donated to the king in 2000, but it left the king to receive flak during hard times in Spain.

According to the Spanish press, each refueling of the yacht costs more than 20,000 Euros. The luxury yacht is owned by the state including the royal places and managed by the national Heritage for the use of the 75-year-old king and his family.

Saskia Sassen's, a Professor at Columbia University, has been awarded with Spain's prestigious award for her contributions towards the field of globalization and urban sociology.

The Dutch sociologist, said the jury, has great contributions in the field for which she has earned the Spain's Prince of Asturias social sciences prize. They remarked that her greatest work was her concept of the global city.

The concept has been accepted and used worldwide. It sheds light on the cities that form the centers of the world economy.

As per recent reports, the Spain is facing financial crisis and people of the country are being hit by thefts. It recently emerged that sheep, rabbits and tools are being stolen from the farms of people in the northern town of Albeda in the province of Aragon.

The thefts are urging the people to take up nighttime patrols to safeguard their flocks and gear. One of the residents of the pace named José Bria has his chickens, tools and eight rabbits stolen in three different events.

Before the country sees a series of events across the country, the inaugural event for the Great Bull Run will be held in Northern Virginia this year.

The event is slightly dangerous but very enthusiastic. So far the figures and findings have remained in the favor of the participants. In the history of about 103 years on record, only 15 people have died; however, a hundreds of them have been injured.

Spain has been reported to sell seven billion Euros of a new benchmark 10-year bond through banks. For the first time in three years, the nation auctioned 12-month bills at a yield of less than one percent.

A person, with knowledge of the deal, said that the 10-year sale attracted bids that exceeded 21 billion Euros and the bonds were sold to fetch 4.452%. The person asked not to reveal his name as they are not authorized to speak about it.

Spain issued seven billion Euros of securities maturing in January 2023 at a yield of about 5.4% in a similar sale on Jan 22.

As per a group of Spanish Association of Thalidomide Victims representing victims of drug thalidomide, this morning sickness drug was still sold in regions of Spain even after it got banned by various other countries as it causes severe birth defects in babies throughout the world.

In an auction in Madrid, Spain crossed its aspired target. After there was fall in its borrowing costs, this is a pleasing thing to witness. It appears that Spain is benefiting from the surging confidence in the euro area's fourth-largest economy.

The European Commission has predicted that the country's public debt burden will cross the euro region's average next year for the first time in the currency's history. European Commission has said that Spain's request for two more years to handle the largest budget deficit in the European Union is significant and reasonable.