Business News & Financial News

In Spain 17th April 2026

President of Congress caught out at the Supreme Court

Unprecedented. Just 10 days ago, the President of the Congress, Francina Armengol—former Socialist President of the Balearic Islands during the COVID era—testified as a witness before the Supreme Court in the so-called “masks case.” The trial involves, among others, the former PSOE Organization Secretary and former Minister of Transport, José Luis Ávalos, and his then-advisor, Koldo García. In the masks case, it appears proven that both, along with a private…

In Europe 16th April 2026

Eurozone industrial production exceeds expectation, up 0.4% in February

CdM | Industrial production in the Eurozone rose by 0.4% in February compared with January, more than expected, whilst it fell by 0.6% compared with the same month last year, less than expected, according to data from Eurostat, the statistical office of the European Union (EU). Across the EU, industrial production also grew by 0.4% compared with the previous month, whilst it fell by 0.1% compared with February 2025. Specifically,…

In the World 16th April 2026

US to launch system for issuing refunds to US importers next Monday

Norbolsa | The Trump Administration plans to launch the system it will use to issue refunds to US importers next Monday, according to a spokesperson for US Customs and Border Protection. The system, known as CAPE, will consolidate the refunds so that importers affected by the court ruling on Trump’s tariffs receive a single electronic payment with the corresponding interest. The Agency’s announcement stated that 56,497 companies have completed the…

“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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