Business News & Financial News

In Spain 29th October 2025

Spending on contributory pensions in Spain rises 6% in October to €13.6758 billion

CdM | Contributory pensions (retirement, widowhood, permanent disability, orphanhood and family benefits) rose by 6% in October to €13.6758 billion, according to data released by the Ministry of Inclusion, Social Security and Migration. In the eighth month of the year, Social Security paid a total of 10,397,372 pensions to 9,405,352 million people. Almost three-quarters of these were retirement pensions, representing more than 73% of the total (€9,999.2 million, up 6.01%)….

In Europe 29th October 2025

Portugal approves 2026 budget, sign of stability after last year’s political crisis

Bankinter | With votes in favour from the PSD (Social Democratic Party) and the CDS (Democratic and Social Centre) — which form the AD coalition —, the abstention of the PS (Socialist Party) was enough for the government to pass its first major parliamentary test. The document now enters the speciality phase, in which the various parties may table amendments, although the government has already warned that the scope for…

In the World 28th October 2025

Adobe Analytics expects Christmas season online sales in US to increase 5.3% to $253.4 billion

Bankinter | According to Adobe Analytics, online sales during the Christmas season will increase by 5.3% to $253.4 billion between November 1 and December 31. This represents a slowdown compared to 8.7% in 2024, although it would only be slightly below the average of 5.7% for the 2022-2024 period. The biggest shopping day will be Cyber Monday, when growth of 6.3% to $14.2 billion is expected. Adobe expects online sales…

“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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