Business News & Financial News

In Spain 28th May 2026

Police raid PSOE headquarters; party created network to sabotage trials against Sánchez’s inner circle, judge alleges

At 9:00 p.m. yesterday, the Civil Guard (Guardia Civil) left the PSOE headquarters after a raid lasting more than 12 hours. The judge who ordered the operation is investigating whether the Socialist Party paid over €188,000 to a network tasked with digging up “dirt” on the police officers, judges, and prosecutors investigating cases against the Prime Minister’s family members. (Coincidentally, the trial against his brother and other defendants for malfeasance…

European economy, In Europe 27th May 2026

ECB already discussing need to raise interest rates at next meeting, regardless of whether US and Iran reach peace deal

Report by Link Securities Isabel Schnabel, a German member of the European Central Bank (ECB) Executive Board, stated that the ECB should raise interest rates in June, even if peace negotiations with Iran result in an agreement. It should be noted that the ECB has kept its key interest rates unchanged for a year, but that inflation in the Eurozone stood at 3% in April, above the ECB’s 2% target….

World economy 28th May 2026

Three months since start of Iran war: Global GDP set to grow 3.1% in 2026, Eurozone and Asian economies to bear brunt of adjustment

This Thursday marks three months since the start of the Iran war, whilst peace negotiations continue – negotiations that do not appear to be bearing fruit. Meanwhile, the energy crisis continues to take its toll on the global economy. In fact, Scope Ratings forecasts that “the price of oil will average around $100 per barrel in 2026 and that, from then on, it will fall only gradually, remaining in 2027…

“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…

…in the last week