Business News & Financial News

In Spain 19th November 2025

AIReF Accuses the Government of Trying to Conceal the Pension Gap, Filling the “Piggy Bank” with Debt

Cristina Herrero, President of the Independent Authority for Fiscal Responsibility (AIReF), yesterday criticized the Government for filling the ‘pensions piggy bank’—known as the Reserve Fund—based on taxes and debt, that is, with transfers and loans from the State. The latest loan, for 10 billion euros, was made this very month of November to cover the extraordinary annual payment. Total pension spending stands at 15.6 billion euros per month (around 218…

European economy, In Europe 14th November 2025

Eurozone Industrial production grows 1.2% year-on-year in September due to dependence on external sector

Bankinter | Industrial production in Eurozone countries grew less than expected in September: 1.2% year-on-year versus 2.1% expected and 1.2% previously (revised from 1.1%). In month-on-month terms, 0.2% versus 0.7% versus a drop of 1.1% (revised from 1.2%). By country, Germany continues to slow down its growth (down 0.8%). Analysis team’s view: Industrial production, which is highly dependent on the foreign sector, continues to be affected by US tariffs and…

In the World 18th November 2025

Current component of NY manufacturing index improves to 18.7 against 10.7 previously

Bankinter | The Empire Manufacturing or New York Fed Manufacturing Activity Index (November) shows a mixed reading, although in expansion territory (>0). The current component improved unexpectedly to 18.7 against 5.8 expected and 10.7 previously, while the six-month outlook worsened to 19.1 against 30.3 previously. Analysis team’s view: This indicator, which surveys 200 executives in the manufacturing sector in New York State, shows less optimism about the economy’s performance, although…

“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…

…in the last week