Business News & Financial News

In Spain 29th July 2026

Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million

The average pension under the Social Security system stands at €1,372.2 this month, 4.6% higher than in the same month last year. Reported by the Editorial Team Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, according to figures provided by the Ministry of Inclusion, Social Security and Migration, which include the adjustment approved by the Government for 2026. In the seventh month…

In Europe 28th July 2026

European banking sector resilient despite complex geopolitical landscape says Scope Ratings

The cost of risk could rise by 10 basis points in 2026 compared with 2025, reflecting increased geopolitical risks and macroeconomic uncertainty, although provisions will remain low overall. Scope Ratings Analysis European banks are profitable, well-capitalised and have sound balance sheets. Our outlook is positive, although we are closely monitoring the knock-on effects of the war in the Middle East, the risk of stagflation, merger and acquisition activity, interest rate…

In the World, Markets 29th July 2026

Shift from semiconductors and memory towards hyperscalers and software continues

Report by Renta 4 Minimal fluctuations at the European open (Eurostoxx futures down 0.2%, S&P down 0.1%, Nasdaq down 0.4%) despite continued sharp falls in Asia (Japan down 2%, South Korea down 6%) and renewed tensions between the United States and Iran. Today’s session will have several clear focal points: the Fed meeting and the results from tech giants Microsoft and Meta Platforms, whilst keeping a close eye on the…

rosa garcia consejera caixabank acerinox ence

“Many companies complicate CSRD implementation more than necessary”

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…

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

“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…

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