The unprecedented general strike called by the trade unions and backed by the Government this November 11th – under the slogan “Wages, Housing, and Prices” – and seemingly directed at the opposition, which according to all polls will form the next Government on November 29th, is turning out to be a complete failure. The convening unions (CCOO, UGT, and the Tenants’ Union) talk of “broad participation” and a “significant stoppage,”…
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Daniel Siluk (Janus Henderson) | The Bank of England delivered its first rate increase in more than three years, lifting Bank Rate by 25 basis points to 4%. While the move itself was widely anticipated, the 8–1 vote was more hawkish than expected, with the sole dissenter, Catherine Mann, arguing for a larger 50 basis point increase. The Bank also materially revised its inflation outlook, with CPI now expected to…
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They are projected to secure at least 250 seats in the House of Representatives and hold at least 54 seats in the Senate, after defeating Republicans in Texas, Michigan, South Carolina, Kansas, Iowa, Ohio, Maine, and North Carolina. U.S. voters finished casting their ballots on Tuesday for all 435 seats in the House of Representatives and 35 of the 100 Senate seats. Additionally, 39 governorships were on the line. The…
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Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…
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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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