Business News & Financial News

In Spain 10th October 2025

Venice Commission Says Spanish System for Electing Judges’ Governing Body “Fails to Meet European Standards”

The Plenary Session of the Venice Commission concluded yesterday that the system for electing the General Council of the Judiciary (CGPJ), the governing body of judges, which is supported by the Government, “fails to meet European standards.” This is due to the current system leaving the final election of candidates in the hands of the Parliament, which the Commission views as a “political filter.” In contrast, the alternative system, in…

European economy, In Europe 10th October 2025

ECB minutes suggest cycle of rate cuts over, despite continuing impact of US tariffs

Bankinter | ECB minutes from the 10/11 September meeting. Conclusions: Monetary policy is appropriate to respond to the inflation environment in the EMU and the ECB is in a comfortable position to wait for more visibility on fiscal and trade policies. Everything points to the cycle of cuts having ended for now, even if US tariffs continue to impact growth and prices: ‘the current level of interest rates is sufficiently…

In the World 10th October 2025

New statements from Fed members suggest prevailing view is to lower interest rates again in October

Norbolsa | New statements from Fed members suggest that the prevailing position is to lower interest rates again in October, despite some members advocating caution due to uncertainty about inflation. From New York, Governor John Williams said he would be comfortable lowering interest rates again, considering that the downside risk to employment is dominant and may have slowed further, while the pressure of tariffs on prices is not as high…

“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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