Spain | featured news

Spain's government tried to plug a gaping hole in the country's banking system on Friday, but the fourth such attempt to tackle the fallout of a property crash fell short of expectations.

News that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances on Monday and nudged stocks lower. The Dow Jones industrial average slipped 35 points to 13,192 shortly after noon Eastern.

Spain's latest credit rating downgrade has thrown into sharp relief the need to revive a banking sector that could need another 100 billion euros to cover bad debts in order to avoid exposing another weak flank in the euro zone crisis.

The European Union has no plans to activate its emergency funds to recapitalize Spanish bank and Spain had no need to appeal for funds to do so, the European Commission said on Thursday.

The king of Spain offered an unprecedented apology Wednesday for going on an elephant-hunting safari in Africa while his subjects struggle with recession and high unemployment at home.

Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Though Spain’s economy is struggling, prostitution is booming, exploding into public view in cities and towns.

Just when we thought the euro crisis had subsided for a bit, Spain is bursting back up as a trouble spot. On Wednesday, Prime Minister Mariano Rajoy said the country is “facing an economic situation of extreme difficulty.” Spain is struggling to borrow money and can’t hit its deficit targets.

The Spanish government is asking a judge to force Florida deep-sea explorers to hand over the last of the treasure they recovered from a 200-year-old shipwreck.

Two military planes laden with 17 tons of silver and gold coins scooped up from a Spanish warship that sank during a 1804 gunbattle landed in Spain on Saturday, ending a 200-year odyssey that took the treasure from an ocean floor to Florida courtrooms.