Charlie Devereux

Madrid, Spain

Lead Writer, Iberia at Reuters

Lead Writer for Iberia @Reuters. Previously @thetimes, @thesundaytimes, @business in Argentina, Venezuela

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Articles

Spain's Iberia Plans to Increase Long-Haul Fleet to 70 Aircraft

1 week ago | gurutrade.com | Corina Pons |Inti Landauro |Charlie Devereux |Rachna Uppal

MADRID, June 18 (Reuters) - Iberia expects to increase its fleet of long-haul aircraft to 70 planes from 45 by the middle of the next decade, the Spanish airline said in a strategic plan released on Wednesday. Owned by International Consolidated Airlines, Iberia plans to invest 6 billion euros ($6.90 billion) as part of the plan. Iberia CEO Marco Sansavini told reporters that 70% of the investment needed for the fleet expansion will come mainly from its own cash flow.
Spanish judge calls on top Sanchez ally to testify over alleged public works kickbacks

2 weeks ago | yahoo.com | Charlie Devereux |Inti Landauro

By Charlie Devereux and Inti LandauroMADRID (Reuters) -A Spanish Supreme Court judge on Thursday invited a senior official in Prime Minister Pedro Sanchez's Socialist Party to testify over corruption allegations, posing one of the biggest threats yet to the survival of his fragile coalition government. Judge Leopoldo Puente, who unsealed the case on Thursday, called for Santos Cerdan, a lawmaker and the Socialist Party's (PSOE) organisational secretary, to testify on June 25.
Zara Owner Inditex's Early Summer Sales Disappoint, Tariffs Fuel Uncertainty

2 weeks ago | gurutrade.com | Helen Reid |Inti Landauro |Charlie Devereux |Joe Bavier

First-quarter sales miss analysts' forecasts May-June revenues grow 6% vs analysts' expectations of 7.3% Shares fall 4.6% Currency fluctuations will have -3% impact on 2025 sales MADRID, June 11 (Reuters) - Zara owner Inditex missed expectations for first-quarter sales and early summer trading on Wednesday, as tariff fallout complicated the fast-fashion retailer's efforts to maintain strong growth.
Madrid’s ghost towns revived as housing crisis escalates in Spain

2 weeks ago | timeslive.co.za | Corina Pons |Charlie Devereux

09 June 2025 - 08:00 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. A building in a development in Sesena, near Madrid, that gained notoriety as one of the "ghost towns" created when Spain's property bubble burst in 2008.
Spain's imports of Venezuelan oil dry up ahead of US sanctions deadline

3 weeks ago | today.westlaw.com | Charlie Devereux |Edwina Gibbs |Pietro Lombardi

MADRID (Reuters) -Spain didn't import crude oil from Venezuela in April, ahead of a key sanctions deadline set by U.S. President Donald Trump's administration. Spain's largest oil company Repsol is among foreign firms operating in Venezuela whose...
Red Sea marine traffic up 60% after Houthis narrowed targets, EU commander says

3 weeks ago | yahoo.com | Charlie Devereux

By Charlie DevereuxMADRID (Reuters) -Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.
Municipios fantasma de Madrid reviven mientras se intensifica la crisis de vivienda en España

3 weeks ago | lanacion.com.ar | Corina Pons |Charlie Devereux

El resurgimiento de un pueblo fantasma muestra la gravedad de la crisis inmobiliaria madrileña Llegan familias de clase media a Seseña y se reanuda la construcción La ciudad aún carece de buenas conexiones de transporte o de un hospital cercano España construyó 128.000 viviendas el año pasado, frente a las 866.000 de 2006 By Corina Pons, Charlie Devereux SESEÑA, España, 4 jun (Reuters) - La primera llamada se produjo dos minutos después de que la agente inmobiliaria Segis Gómez publicara un...
Madrid's ghost towns revived as Spain's housing crisis escalates

3 weeks ago | reuters.com | Corina Pons |Charlie Devereux

Ghost town's revival shows severity of Madrid's housing crisis Middle-class families arrive, construction restarts in Sesena Town still lacks good transport links or a nearby hospital Spain built 128,000 homes last year compared to 866,000 in 2006 SESENA, Spain June 4 (Reuters) - The first call came two minutes after estate agent Segis Gomez posted a listing in Sesena, a development near Madrid that gained notoriety as one of the so-called "ghost towns" created when Spain's property bubble...
Spanish Satellite Operator Sateliot in Talks to Offer 5G to European Armies

1 month ago | gurutrade.com | Charlie Devereux |Mark Potter

MADRID, May 28 (Reuters) - Spanish satellite startup Sateliot is in talks with several European defence ministries to offer 5G connection for their militaries, its co-founders said on Wednesday. The company, which recently raised 70 million euros ($79 million) in debt and equity, expects to offer narrow 5G band connection to small devices in areas without mobile phone coverage through satellites.
Ferrovial's Quarterly Core Profit Rises 19% Led by US Highways Business

1 month ago | gurutrade.com | Corina Pons |Charlie Devereux |Inti Landauro |Eileen Soreng

MADRID, May 13 (Reuters) - Spanish construction giant Ferrovial posted a 19% rise in first-quarter core earnings on Tuesday, driven by strong performance in its toll highway business in the United States. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 309 million euros ($345.8 million), which fell short of the 315 million euros expected by analysts, according to an LSEG survey.