Business News & Financial News

In Spain 29th April 2026

37% of workers in Spain earned less than Minimum Wage in 2024

More than 7.6 million workers in Spain (37% of the total workforce) received a salary in 2024 lower than the Interprofessional Minimum Wage (SMI) of €15,875 per year. This is according to a report by the Ministry of Finance Technicians (Gestha), which highlights the persistence of precariousness in the current labor market. Regional Disparities Highest Rates: Andalusia (46.9%) and Extremadura (46.8%) recorded the worst total figures for workers falling below…

In Europe 27th April 2026

Passenger car registrations in EU rise 12.5% year-on-year in March and 1.4% compared with February

Link Securities | The European Automobile Manufacturers’ Association (ACEA) reported that passenger car registrations in the European Union (EU) rose by 12.5% year-on-year in March and by 1.4% compared to February, reaching 1.2 million units, the highest monthly figure in over six years. In March, new and revised tax incentives and schemes in the major European countries were the main factor driving registrations in the region. During the month, sales…

In the World 27th April 2026

Investigation into Powell over cost overruns in renovation of Fed buildings closed; confirmation of Kevin Warsh moves forward

Bankinter | The Department of Justice has closed its investigation into Jerome Powell over cost overruns in the renovation of the Fed’s headquarters. US Attorney Jeanine Pirro stated that, instead, she has asked the Fed’s internal oversight body — the Office of the Inspector General — to examine the cost overruns in the renovation of the central bank’s headquarters in Washington. With the review being transferred to the internal oversight…

“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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