Spanish labour market

Spain leads Europe in absenteeism: 7% of workers miss work every day

Approximately 1.6 million workers miss work every single day. This means that around 7% of Spain’s employed population is absent from their jobs daily. The majority of these absences are justified, according to data provided by the employers’ association CEOE: 1.4 million of them are accompanied by a temporary disability leave (IT, by its Spanish acronym)—what we commonly call medical leave. According to the association, the expenditure on benefits and…

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Crédito y CauciónCrédito y Caución
ECB bonds

Antonella Manganelli (Payden & Rygel): ‘Markets are pricing in two further rate rises in Europe’

“The ECB has raised rates to 2.25%. A widely anticipated decision, with few surprises and a stagflationary outlook… The debate now centres on the ECB’s next moves. Our economists believe this is the last hike of 2026, whilst the markets continue to price in a further hike in September and a third in early 2027”. By Antonella Manganelli By Antonella Manganelli, CEO of Payden & Rygel in Europe | The…

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Banner CIR, junio 2022

FED Kevin Warsh

Kevin Warsh makes Fed debut, now with greater scope to sound neutral without appearing ‘dovish’

Report by Renta 4 Flat opening on European markets (Eurostoxx futures down 0.1%, S&P futures up 0.2%, Nasdaq futures up 0.7%) and modest gains in Asia (Nikkei up 0.8%, Kospi up 1%), with markets keeping a close eye on US-Iran negotiations (the draft MoU has already been published) and with Brent crude continuing to fall (down 16% over five sessions to 78 USD/b), as attention focuses on whether physical traffic…

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interviews

Amadeus CEO Luis Maroto Headshot 2026 copia

“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…

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IreneHernandez copia

“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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