Catalan separatists bring region to standstill in general strike

Conor Coyle WebFG News | 08 Nov, 2017 16:54 - Updated: 16:54 | | |

ep cortela c-32la huelgacatalunya
Corte en la C-32 por la huelga en Catalunya@CDRSITGES

A general strike organised by independence supporters in Catalonia has left many of the region’s roads blocked, bringing much of its industry to a standstill as several local government officials remain in jail.

In the early hours of Wednesday morning in the troubled north-eastern region, thousands of protesters took to the streets, blocking traffic and causing severe traffic jams across the city of Barcelona and other areas.

Much of the action focused on major routes in and out of the region’s biggest city.

The strike took place in response to the detainment of eight former ministers of the local Catalan government, who were jailed for their roles in the independence referendum on 1 October and subsequent declaration of secession from Spain.

Also on Wednesday, the Constitutional Court in Madrid formally annulled the unilateral declaration made by the Catalan parliament on 27 October.

Catalonia now awaits elections on 21 December in which pro-independence parties may still be in the majority in the local parliament.

Former president Carles Puigdemont, who remains in Brussels despite calls for him to be returned to Spain, may also be able to participate in the elections.

More news

00:20 US close: Wall Street mixed ahead of Thanksgiving holiday

Wall Street finished mixed on Wednesday, following the record highs set the day before and amid lighter-than-usual trading volumes ahead of the Thanksgiving holiday on Thursday.

22 Nov Jefferies upgrades Kingfisher to 'buy', raises target price

Analysts at Jefferies upgraded home improvement products retailer Kingfisher (KGF) to 'buy' from its previous 'hold' rating on Wednesday, raising its target price from 310p to 400p along the way.

22 Nov Europe close: German stocks give back gains amid political impasse

Stocks ended the session modestly lower as traders waited for the release of the minutes of the US Federal Reserve's last rate-setting meeting in the evening and monitored the news-flow out of Germany, amid speculation that a 'grand coalition' between Germany's two main political parties, the centre-right CDU/CSU and the Socialist SPD, may yet be possible.

22 Nov Lebanon prime minister Hariri retracts resignation

Saad al-Hariri has revoked his resignation as Lebanon's prime minister, according to a local news report on Wednesday.

22 Nov Budget: Planning probe spooks builders, mixed reaction for stamp duty cut

A range of new housing policies were proposed by Chancellor Philip Hammond in his Budget statement, including more funds for smaller housebuilder, a probe into potential holding of land by major housebuilders and a stamp duty cut for first-time buyers.

22 Nov US open: Shares hold ground ahead of FOMC minutes

Wall Street is holding its ground following the record highs set the day before, albeit amid lighter than usual trading volumes ahead of the Thanksgiving Holiday on Thursday, with investors looking to the release of the minutes of the most recent meeting of the Federal Open Market Committee.

22 Nov London close: Stocks higher on UK budget

Shares closed higher on Wednesday as investors sifted through corporate releases as well as the Autumn Budget.

22 Nov FTSE 250 movers: Qinetiq boosted by Berenberg note as Thomas Cook tanks

The FTSE 250 index was up around 0.50% on the day in which Chancellor Philip Hammond revealed his budget for the upcoming year.

22 Nov Higher margins offset declining sales volumes at Cambria

Motor dealer Cambria Automobiles managed to successfully grow profit and revenue throughout the financial year, as per-unit profits counteracted a slide in sales volumes.

22 Nov First production at Texas asset transforms Pantheon Resources into full-cycle energy and power business

Oil and gas exploration firm Pantheon Resources announced "another year of progress" in its full-year results on Wednesday, as it completed the transition from a pure-play exploration company to a full-cycle energy and power business.