Business News & Financial News

In Spain 21st November 2025

Supreme Court Convicts State Attorney General for Revelation of Secrets

Yesterday, the Supreme Court’s ruling was announced, condemning the Attorney General of the State, Álvaro García Ortiz, to two years of disqualification from office and the payment of a fine to the aggrieved party for “revelation of a secret.” The aggrieved party is González Amador, the romantic partner of the President of the Community of Madrid. The process has monopolized Spanish press headlines for months, featuring the unusual image of…

European economy, In Europe 20th November 2025

ECB says Eurozone current account surplus reaches in September €38.1 billion, compared to €43.5 billion in same month 2024

Link Securities | According to the European Central Bank (ECB), the Eurozone generated a current account surplus of €38.1 billion in September, compared to €43.5 billion in the same month of 2024. This decline was the result of a sharp drop in the primary income surplus, which fell to €800 million from €12 billion in September of the previous year. At the same time, the secondary income deficit increased to…

In the World 21st November 2025

US job creation higher than expected after shutdown, but unemployment rises to 4.4%

Norbolsa | On Thursday, the US employment report for September was published, providing more complex readings for predicting the Fed’s next steps. On the one hand, we had higher-than-expected job creation figures, with revisions for the previous three months also positive on balance. However, the unemployment rate rose to 4.4% from 4.3% due to increased participation. In addition to the mixed reading of the data, the delay in data due…

“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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