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Airlines fume after Spain hits low-cost carriers with 7 million in fines

Spain’s Ministry of Consumer Affairs has fined five budget airlines a total of 179 million euros ($187 million).The fines affect Ryanair, Vueling, easyJet, Norwegian, and Volotea.The ministry accused the airlines of “abusive practices” including charging extra carry-on fees.Airlines are fuming over a decision by Spain’s Ministry of Consumer Affairs to…

STOXX 600 hits one-week high on tech boost, eyes weekly gains By Reuters

By Ankika Biswas and Joao Manuel Vicente Mauricio (Reuters) – Tech led gains in Europe on Friday, with the benchmark stock index on track for its first weekly advance in five, as the recent selling pressure due to geopolitical tensions eased, but the mood was still sombre after discouraging economic…