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Barcelona-based CaixaBank, which leads the Spain's banking market, registers a net attribute profit of €305 million during the first half of 2014. This is 25.3% less than 2013 and it is due to extraordinary operations such as the costs of totally integrating Banc de València and the effects of 2012 regulatory regarding the restructuring of toxic real estate assets. Apart from that, the profit attributable to the banking and insurance business, which excludes real estate activity and the investments portfolio, stands at €665 million. The banking business has generated €1.72 billion, representing a 6.8% increase, and highlights the acceleration of the decrease of the delinquency rate, which fell for the second consecutive quarter and now stands at 10.78%, 88 basis points less. 

Catalonia has established a reputation as a global centre of scientific excellence, pioneering research and innovative ideas. This corner of Europe, with just 0.1% of the world’s population, accounts for nearly 1% of global scientific production. The Catalan Research system, formed of 12 internationally esteemed universities, over 60 research centres, 15 world class hospitals, and almost 9,000 innovative companies, attests to the Catalonia's ambitions in science. This territory is also a magnet of international funding: with 1.5% of Europe’s population, it receives 2.2% of European competitive funds and 3.5% of European Research Council (ERC) grants. There can be no doubt that Catalonia is now a benchmark in Southern Europe, producing frontier research and punching considerably above its weight in terms of scientific contribution.  It is attracting worldwide talent and projects, and many consider it to be fast becoming the Palo Alto of biomedical research.

The number of unemployed people in Catalonia has decreased by 69,800 in the second quarter of this year; the largest drop in unemployment rates in the whole of Spain and the biggest decline in the jobless population in the last 12 years. Catalonia also created 79,300 new jobs in the second quarter of this year, a rise of 2.68% in comparison to the first quarter. This means that the total unemployment rate in Catalonia has dropped by nearly 2 percentage points since March 2014, falling from 22.1% to 20.22%. Spain as a whole has also registered a drop in unemployment of 310,400 people, meaning the number of jobless citizens is down to 24.47% of the total active population.

According to a report published on Thursday by Barcelona's Chamber of Commerce, the Spanish Government's investment in infrastructure in Catalonia has dropped by 50% in the last 10 years, while it has been reduced by 25% throughout the rest of Spain in the same period. The President of the business association, Miquel Valls, stated that this reduction represents "a break"in the Catalan economy's growth, which could be in a better position to speed up the economic recovery. The report takes into account the executed investment made by the Spanish Government and its public companies in areas such as airports, high-speed railway or harbours. In 2006, the Spanish Parliament recognised "a historical" lack of investment in Catalonia when it approved the Catalan Statute of Autonomy and set a minimum investment percentage share to be made in Catalonia to compensate this in the next 7 years. This share was never respected.

Barcelona-born photographer Joan Fontcuberta presents his first major exhibition in the UK, ‘Stranger than Fiction’, which represents an overview of 30 years of his artistic work on nature photography. It opened on Wednesday at London’s Science Museum's Media Space and will be running until the 9^th of November. The six-part collection of pictures and artefacts aims to examine the presumed reliability of photography and shake the viewer's consciousness by mixing fact with fiction, science with art, and persuasive storytelling with a deep questioning. After London, the exhibition will travel to the National Media Museum in Bradford (northern England) from the 19^th of November 2014 to the 8^th of February 2015.

On Tuesday, the Spanish Finance Minister, Cristóbal Montoro, rejected to review the funding scheme of the Autonomous Communities to grant them more resources, despite the fact that the Catalan Government is under-budgeted. On Wednesday, the Spanish Finance Ministry downplayed Catalonia's fiscal deficit by issuing the so-called fiscal balances, which calculate the inter-territorial fiscal transfers, posting a significantly low Catalan contribution. According to the Spanish Government's new calculations, Catalonia gave away €8.46 billion in 2011, representing 4.35% of its GDP. The figure is significantly lower than the Catalan Government's calculations: €15.01 billion and €11.09 billion, using two complementary methodologies used by the Spanish Executive in 2008 and agreed among independent university experts.

The Bachcelona Festival kicked off on Sunday with a concert by renowned harpsichord duo Ton Koopman and Tini Mathot at the Catalan capital's Palau de la Música concert hall. The performance included the famous ‘Art of Fugue,’ one of the most celebrated compositions by Johann Sebastian Bach. The festival, which is designed to showcase the work of the great composer, will run in Barcelona until 27 July 2014. Koopman, a specialist in Baroque music and great interpreter of Bach’s work, gave attendees an intense and enjoyable musical evening, and was accompanied by his wife Mathot. The pair are noted for the authenticity of their performances, which sometimes even use exact replicas of instruments used by Bach.

An old factory in the 22@ technological and business district of Barcelona, named Ca l'Alier, will be transformed into an innovation centre focused on Smart Cities. The French multinational Schneider Electric and the American networking giant Cisco Systems will invest €6 million in the building's renovation in order to set up their new research centres. The two companies then plan to invest a total of €37 million in the centres over the next 5 years. Barcelona´s City Council will also occupy a part of the renovated building for offices for its new Institute of Technology for the Habitat (BIT Habitat). The renovation of the Ca l'Alier factory will be the first step towards the creation of the Smart City Campus, which will be located throughout the 22@ technological district, a developing business area in Barcelona located around the old Poblenou industrial neighbourhood. The new Ca l'Alier research centres are expected to open in the summer of 2016 and to create 160 jobs.

FC Barcelona and València CF have reached agreement for the transfer of the French player, Jérémy Mathieu. The French defender will sign a contract with FC Barcelona for the next four seasons, plus an optional season more. The cost of the transfer is €20 million and the buyout clause will be €50 million. Mathieu, born in 1983, is a physically imposing defender who can play in various positions at the back. Until recently, he was considered a natural left-back, but of late he has tended to feature more regularly in the centre of defence.

The FC Barcelona forward will join the Premier League's Stoke City side this summer. After spending nearly his entire footballing life at FC Barcelona, Bojan Krkic says goodbye to his club. The Catalan forward, who was always one step ahead of his age in terms of skill and quality, leaves FC Barcelona with the distinction of being the all-time highest scorer in the Barça youth system. His tally from all his years at La Masia exceeds the 400-goal mark. He also performed well when he shared the senior side dressing room with some of the best forwards on the planet. First he vied for a starting spot with Eto’o, and then with Ibrahimovic and Leo Messi. During his four seasons on FC Barcelona's first team (2007-2011), he scored a total of 26 goals. He was then loaned out to Roma, Milan and Ajax.

The governments of Catalonia, the Basque Country, Andalusia, Asturias and the Canaries have spoken out against the Spanish Executive's draft bill on the Protection of the Life of the Unborn and the Rights of the Pregnant Woman, presented in December 2013. This legislative reform, which still has to be approved in Parliament, aims to restrict the right of abortion only to cases of rape, incest or when the mother´s health is at serious risk. The reform of the People's Party (PP) is far more conservative than the previous laws from 2010 and 1985. It has raised a paramount opposition throughout Spanish society and also at European level. Catalonia and the 4 other Autonomous Communities that are not run by the PP presented this week a formal request to discuss this reform, as the Spanish Executive rejects talking about it with other parties and regional governments.

From the 20^th until the 25^th of July, more than 4,000 scientists, researchers, engineers and academics from 52 countries will meet in Barcelona's Palau de Congressos de Catalunya for the 11^th World Congress on Computational Mechanics (WCCM). Experts will be presenting 3,200 scientific papers and 220 mini-symposiums. They will also develop computer simulations that allow studying the operation of aircrafts, nuclear plants and the human body without the need of direct experiments on prototypes and people. More than 300 Catalan researchers will also participate in the summit which, for the first time, is jointly organised with the 5^th European Conference on Computational Mechanics (ECCM) and the 6^th European Conference on Computational Fluid Dynamics (ECFD VI).

The much awaited meeting between the Spanish Prime Minister, Mariano Rajoy, and the President of the Catalan Government, Artur Mas, has finally been announced for Wednesday 30^th of July at 11am, after both politicians have stated during several months that they were open to talk. In the meeting they will discuss the institutional and social affairs related to the economic crisis, but they should also talk about the organisation of a self-determination vote in Catalonia. However, Rajoy has rejected to talk about it, as he considers it "an absurd" debate, despite the fact that 80% of Catalans want to hold such a vote and it is the main topic in Catalonia's political agenda, and probably in Spain's as well. Besides, on Monday 28^th of July, Rajoy will meet Pedro Sánchez, the new Secretary General of the Spanish Socialist Party (PSOE), who is also against Catalonia's self-determination and offered his will to reach agreements on "the territorial model".

Catalonia received 1,677,679 foreign tourists in June, an increase of 2.4% compared with the same month in 2013. The combined number of foreigners who visited the Autonomous Community in the first half of this year reached 7.129 million, which is an increase of 6.7% and sets a historic new record for the number of foreign visitors passing through Catalonia. This good performance has been shared throughout Spain, as it hosted 28 million foreign tourists in the first half of 2014, marking a new record.

BBVA will pay €1.187 billion to the Fund for Orderly Bank Restructuring (FROB) for the nationalised Catalan bank, beating the other two offers in the final phase of the auction process presented by Santander and Barcelona-based CaixaBank. This means that Spanish taxpayers will lose €11.84 billion considering guarantees and due to the fact that the Spanish Government injected €12.622 billion into Catalunya Banc since it was nationalised in 2011. Catalunya Banc was a private bank owned by CatalunyaCaixa, the merger of three historical Catalan savings banks (Catalunya, Tarragona and Manresa). It could not face the deep restructuring process required to meet the new banking regulations. The bank had a weak financial position resulting from a high exposition to toxic real estate and mortgages assets, as well as suffering from poor management. The BBVA will become the second largest bank operating in Catalonia, doubling its past position.