In a 754-page report sent to Congress, the Court of Auditors lays bare the Ministry of Finance’s accounting for 2024. The report is filled with “reservations” (qualifications) that reflect a multi-billion euro use of debt and EU funds to cover up the absence of a formal Budget, inflated revenues—by no less than €11.263 billion—and a record hole in the pension system. In 2024, the Government spent €77.341 billion more than…
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CdM | Growth in the Eurozone manufacturing sector rebounded in April. However, “although the PMI index has reached its highest level in almost four years, the survey is causing more concern than joy”. Input price inflation rose sharply again, approaching its four-year high. Furthermore, production and the order book were driven by the build-up of safety stocks, “as a result of widespread concerns over supply shortages and rising prices stemming…
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Norbolsa | The IMF director warns that with the conflict dragging on and oil prices heading towards $120, we are moving away from the baseline scenario—which envisaged a moderate impact on growth—towards the adverse scenario, which envisaged global growth of 2.5% and inflation above 5%. At the same forum, the chairman of Chevron warned that product supply shortages will begin to be felt, with Asian demand adjusting to lower supply.
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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…
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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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