Business News & Financial News

In Spain 5th May 2026

Surreal: property owners must pay taxes on rent from squatters even if unpaid

In Spain, the personal income tax filing period has begun, and property owners who have been unable to collect rent from their tenants now find themselves in the absurd paradox of having to declare—and pay taxes on—income they have never actually received. Current Spanish legislation shields “okupas” (squatters), who take over empty homes by force, and so-called “inkiocupas” (tenant-squatters), who pay the first month or two of rent and then…

European economy, In Europe 5th May 2026

Eurozone manufacturing PMI rebounds in April as firms build up stocks in anticipation of war-related disruptions

CdM | Growth in the Eurozone manufacturing sector rebounded in April. However, “although the PMI index has reached its highest level in almost four years, the survey is causing more concern than joy”. Input price inflation rose sharply again, approaching its four-year high. Furthermore, production and the order book were driven by the build-up of safety stocks, “as a result of widespread concerns over supply shortages and rising prices stemming…

In the World 4th May 2026

OPEC+ to increase production in June by 188,000 bpd from additional voluntary cut announced in April 2023

Link Securities | The seven countries of the OPEC+ alliance, which had previously announced voluntary oil production cuts in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, held a meeting yesterday, Sunday, to review global market conditions and their outlook. In their collective commitment to supporting market stability, the seven participating countries decided to implement a production increase of 188,000 barrels per day from…

“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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