Business News & Financial News

Spanish economy 4th November 2026

Worst October for unemployment in five years

The number of registered unemployed rose by 43,128 people compared to the previous month (+1.81%), bringing the official unemployment figure to 2,422,633 people. This increase is double that recorded in October 2025 (when it rose by 22,101 people) and marks the worst year-on-year record for an October in the last 5 years. The USO union dismantled the triumphalism surrounding the “record” figure of 22,624,165 average Social Security affiliates. This figure…

In Europe 30th October 2026

ECB will attempt to agree on a new president before year-end, with Pablo Hernández de Cos and Klaas Knot best positioned

Yesterday, in line with expectations, the ECB kept key interest rates unchanged, with the deposit facility rate at 2.5% following the June and September hikes. Furthermore, the statement noted that the scale and duration of the energy shock (crude oil, and especially gas and distillates), along with its indirect and second-round effects (which are currently not evident, given stable wage growth), will likely push inflation higher and weigh on economic…

In the World 4th November 2026

Trump defeated: Democrats win majorities in both houses of Congress

They are projected to secure at least 250 seats in the House of Representatives and hold at least 54 seats in the Senate, after defeating Republicans in Texas, Michigan, South Carolina, Kansas, Iowa, Ohio, Maine, and North Carolina. U.S. voters finished casting their ballots on Tuesday for all 435 seats in the House of Representatives and 35 of the 100 Senate seats. Additionally, 39 governorships were on the line. The…

rosa garcia consejera caixabank acerinox ence

“Many companies complicate CSRD implementation more than necessary”

Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…

“We are one of Europe’s leading R&D investors: €1.45 billion last year”

“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…

…in the last week