Business News & Financial News

In Spain 2nd June 2026

€9 billion 10-year mechanism via open auctions to ensure security of electricity supply

Report by Banco Sabadell The EC has authorised Spain’s proposal to create a capacity mechanism valued at €9 billion over 10 years (~€900 million/year) to ensure security of electricity supply. The scheme will remunerate the availability of firm capacity during periods of scarcity, reinforcing the stability of the system and preventing blackouts. It will be allocated through open auctions and the main potential beneficiaries will be combined-cycle plants, pumped-storage hydro,…

European economy 2nd June 2026

Eurozone inflation rises to 3.2% in May, highest since 2023

Reported by Consejeros Editorial Team The rise in energy prices resulting from the war in the Middle East has driven up inflation in the Eurozone. In May, the Consumer Price Index (CPI) stood at 3.2%, up from 3% in April, according to preliminary estimates published by Eurostat, the statistical office of the European Union (EU). The figure, which is in line with expectations, puts further pressure on the European Central…

Companies, In the World 29th May 2026

‘The Trillion-Dollar Club’: there are now 15 companies with market capitalisation exceeding one trillion dollars

A new all-time high for Micron and a 10% rally in SK Hynix have expanded the select list of the ‘Trillion-Dollar Club’ to 15 companies, a third of which belong to the semiconductor sector. Report by Morgan Stanley Following the new all-time high reached on Tuesday by Micron, the company has joined for the first time the exclusive group of firms with a market capitalisation exceeding $1 trillion – a…

“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…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

“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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