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Argentina: YPF vows to continue gas supplies

YPF produces 34 percent of Argentina's oil and 25 percent of its gas, and holds some 54 percent of the nation's refining capacity.

Spain unemployment hits record levels

The number of jobless in Spain reached 5,639,500 at the end of March, with 365,900 people having lost their jobs in the first three months of the year, according to the country’s national statistics agency.

Argentina Senate approves YPF nationalization bill

Sixty-three senators voted for the bill in the early hours of Thursday morning, with three parliamentarians voting against and four abstaining, leaving little doubt as to the popularity of the expropriation.

Muslims in Europe suffer discrimination, says Amnesty International

The report, which focuses on Belgium, France, the Netherlands, Spain and Switzerland, comes two days after Marine Le Pen’s right-wing National Front party secured a record result in the first round of France’s presidential elections.

EU Parliament calls for sanctions against Argentina over YPF seizure

The resolution also warns that Buenos Aires’ actions could “put a strain on the climate of understanding and friendship needed to reach” a trade deal currently being negotiated between the EU and the Mercosur bloc of Latin American countries led by Argentina and Brazil.

Spain will likely need a bailout to save economy

Spain has become front and center in the European debt crisis.

Spanish bond yields rise as debt worries grow

Spanish bond yields rose higher on Thursday after investors continued to worry about the European nation's ability to meet its budget projections.

Spain unveils $36 billion austerity budget

The 2012 draft package will see public sector workers’ salaries frozen and departmental budgets cut by nearly 17 percent.

Spanish court drops Saudi prince rape case

Prince Alwaleed is now pursuing criminal actions against the woman, her mother and their lawyer, as well as professional sanctions against the lawyer for unethical behaviour.

Spanish unions strike over labor reforms

The strike is the government’s first major challenge since taking office and comes a day before PM Mariano Rajoy is to unveil the country’s 2012 budget, expected to contain measures to save billions of dollars in order to keep Spain on track for deficit targets agreed with the European Commission.
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