Business News & Financial News

In Spain 3rd October 2025

By the end of August, Spain had already received 66 million tourists (+3.9%) with a daily expenditure of 198 euros

In the first eight months of 2025 (8M2025), the number of tourists who visited Spain increased by 3.9%, reaching 66.77 million, the highest figure in that period in the INE’s Frontur series. The main sending countries during the 8M2025 period were the United Kingdom (with nearly 13.2 million and a 4.3% increase), France (with almost 9.2 million and an increase of 0.1%), and Germany (with over 8.2 million, a 2.0%…

In Europe 2nd October 2025

EC could announce tariffs on imported steel and reduce current quotas next week

Bankinter | The European Commission could announce tariffs on imported steel and reduce current quotas next week, according to press reports. The European Commission could establish a permanent mechanism to raise tariffs on imported steel and reduce current quotas and tariffs, which could reach 50% on imports exceeding those quotas. Bankinter analysis team’s view: If confirmed, this would be good news for companies with a presence in Europe, which would…

World economy 2nd October 2025

US Economy Sheds 32,000 Net Private Jobs in September

According to payroll processor ADP, the U.S. economy shed 32,000 net private jobs in September. This figure compares very negatively with the 50,000 new net jobs forecast by FactSet consensus analysts. Furthermore, ADP reported a downward revision to its August job creation figures; the data now points to a loss of 3,000 net private jobs, compared to the 54,000 net jobs initially reported. The surprising reversal of the projected growth…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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