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Jobless figures in Spain hit record

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People enter a government employment office in Madrid April 3, 2012. Spain's number of registered jobless rose for the eighth straight month in March as companies in all areas of the economy continued to lay off staff in an effort to survive a deepening crisis. The number of registered unemployed rose by 0.8 percent in March from a month earlier, or by 38,769 people, leaving 4.75 million people out of work, data from the Labour Ministry showed. Photo: Reuters

People enter a government employment office in Madrid April 3, 2012. Spain's number of registered jobless rose for the eighth straight month in March as companies in all areas of the economy continued to lay off staff in an effort to survive a deepening crisis. The number of registered unemployed rose by 0.8 percent in March from a month earlier, or by 38,769 people, leaving 4.75 million people out of work, data from the Labour Ministry showed. Photo: Reuters

People enter a government employment office in Madrid April 3, 2012. Spain's number of registered jobless rose for the eighth straight month in March as companies in all areas of the economy continued to lay off staff in an effort to survive a deepening crisis. The number of registered unemployed rose by 0.8 percent in March from a month earlier, or by 38,769 people, leaving 4.75 million people out of work, data from the Labour Ministry showed. Photo: Reuters

Some 4.75 million people are now registered as job seekers in Spain, a new high for the troubled state. The latest figures released yesterday recorded a rise of 0.82pc on the previous month. The statistics have been rising for eight months in a row and is the highest figure since the current statistical series began in 1996.

Chrysler sales rise over fuel efficiency

Automobiles

Car manufacturer Chrysler, the US firm controlled by Fiat, said its sales at home increased by 34pc in March as soaring fuel prices drive consumers to more efficient cars. Last month, sales climbed to 163,381 vehicles from 121,730 a year earlier, the Michigan-based company said yesterday in a statement.

RBC accused of derivative fraud

Banking

One of Canada's largest banks has been accused by the US Commodity Futures Trading Commission of "multi-hundred million dollar" fraud over derivative trading. Civil charges have been filed against Royal Bank of Canada (RBC). The US regulator claims the RBC made "unlawful non-competitive trades" with itself. RBC said the allegations were "baseless".

Molson Coors to buy Euro rivals StarBev

Brewing

The owner of Carling lager, US firm Molson Coors, has agreed to buy Eastern European rival StarBev for €2.65bn. StarBev operates nine breweries in central and Eastern Europe. It brews beers such as Borsodi, Kamenitza and Jelen, and employs 4,100 people. It is headquartered in Amsterdam and Prague.

Google's Motorola Mobility probed

TELECOMS

The European Commission yesterday opened two competition investigations against Google's Motorola Mobility. This follows complaints from Apple and Microsoft in a patent war between the technology giants. The EU competition watchdog said it would check whether Motorola had abused a dominant market position on patents. It had sought court injunctions against Apple and Microsoft from selling their iPhone, iPad, Xbox and Windows products.

Irish Independent