Business News & Financial News

In Spain 26th June 2026

Civil lawsuits in Spain take up to 12 years to resolve

Civil lawsuits regarding loans, mortgages, unfair contract terms, evictions, or credit cards can take up to 12 years to be resolved. The biggest bottleneck occurs in the Supreme Court, where cases remain for an average of seven years, but also in the preceding stage, the Provincial Courts (Audiencias Provinciales). Proceedings in the court of first instance take about two years. This was stated this Thursday by the president of the…

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In Europe 19th June 2026

Switzerland closes public consultation on Federal Act on Sustainable Corporate Governance on 9 July

Switzerland aims to align its legislation with that of the EU, specifically the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). It seeks to avoid the ‘Swiss finish’ (where Swiss regulations end up being stricter than those in the rest of Europe). By Consejeros Editorial Team The Swiss Federal Council is currently conducting a public consultation on the draft Federal Act on Sustainable Corporate Governance…

In the World, Markets 24th June 2026

Five oil tankers now leaving Strait of Hormuz daily

Reported by the Editorial Team Martijn Rats (analyst at Morgan Stanley) notes that the seven-day moving average of the number of oil tankers leaving the Strait of Hormuz has risen to 5.6 per day, with the majority of outgoing vessels now being crude oil tankers. He highlights that observed outflows of crude oil and petroleum products reached 8 mbbl on 19 June and 6 mbbl on 20 June, representing a…

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

Luis Maroto is the CEO of Amadeus, which has just announced the acquisition of Idemia Public Security—for €1.2 billion—to strengthen its biometrics, security, and airport management business. Maroto explains that “alongside biometrics, digital identity is transforming how travelers move throughout their journey. Today, travelers are asked to prove their identity at almost every step: flight check-in, baggage drop, security, immigration, boarding, car rentals, hotel check-in… With digital identity, a traveller…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

“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”

Irene Hernández, coordinating advisor of Ence, and advisor of Elecnor and Saint Croix explains that “In Spain and in the European Union, there are times when we are regulating too much and putting brakes on economic growth… 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. We are not in a position to…

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