Business News & Financial News

Spanish economy 28th April 2026

Unemployment in Spain Rises by 231,500 in Q1, the Largest Increase Since 2013, with Public Employment at Record Highs

According to data from the Labor Force Survey (EPA) for the first quarter, unemployment rose by 231,500 people, reaching a total of 2,708,600 unemployed. Meanwhile, employment fell by 170,300 people, bringing the total number of employed individuals to 22,293,000, as reported by the National Statistics Institute (INE). This represents the largest increase in unemployment for a first quarter since 2013 and the sharpest decline in employment since 2020. Unemployment Breakdown…

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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