Some 15 transgender Brazilians who were forced into prostitution using black magic have been freed from sex slavery following police raids in southeastern Spain. Authorities busted the prostitution ring in the city of Murcia Wednesday, making 13 arrests and seizing three flats after one of the victims managed to escape and raise the alarm. “The criminal group was headed by a Brazilian national,... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

Moody’s Investors Service The European banking industry has suffered another crushing blow after Moody’s ratings agency downgraded the credit ratings of 16 Spanish banks, citing the weakened government’s ability to support some banks. The agency downgraded the long-term debt and deposit ratings by one to three notches for 16 Spanish banks and Santander UK PLC, a UK-domiciled subsidiary of Banco...