Economy - Page 13
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Catalonia’s President Stands Firm After Pisa Report Error
Salvador Illa defends his government’s record despite the Pisa report setback. He urges PP-led regions to back the new funding model. Daily transport failures and education unrest add pressure.
Stellantis Returns to Profit with €670 Million in First Half of 2026
Stellantis has rebounded from last year’s losses, posting a €670 million profit in the first half of 2026. Strong growth in North America and improved operating margins signal a decisive shift for the group.
Renault Returns to Profit with €705 Million in First Half of 2026
Renault has posted a €705 million profit for the first half of 2026, reversing last year’s record losses. The turnaround comes as sales rise and cost-cutting measures take hold, with electrified models driving growth.
BMW to Cut 8,000 Jobs Worldwide in Major Restructuring
BMW has announced plans to eliminate 8,000 positions globally, aiming to streamline operations and reduce costs. Most of the job cuts will affect non-production staff in Germany, with a focus on early retirement and severance programs.
Valencian Government Allocates €67 Million for La Vall d’Uixó Fire Victims
The Generalitat Valenciana has approved €67 million in aid for those impacted by the La Vall d’Uixó wildfire. The package includes direct payments, municipal support, and interest-free loans. Applications open from August 10.
Mercedes Suffers 94% Profit Collapse in China in Just Three Months
Mercedes-Benz has seen its profits in China plummet by 94% in only three months, despite strong results in Europe and the US. The German brand now faces a critical challenge as local demand for European luxury cars weakens.
Mercadona, Decathlon and Lidl Drive 350-Job Boom in Aranjuez Retail Park
A major retail park in Aranjuez is set to open in late 2026, bringing together Mercadona, Lidl, Decathlon and other brands. With 98% of space leased, over 350 jobs are expected, and a local job fair will connect residents with employers this September.
Madrid Sells Chamberí Luxury Penthouse to Fund Wildfire Recovery
The Madrid government will sell a luxury penthouse in Chamberí. The decision follows recent wildfires in Sierra Oeste. Proceeds are earmarked for reconstruction in affected areas.
Spanish Shop Owner Challenges Temu Over Ultra-Low Prices
A Spanish bazaar owner has raised concerns after discovering that Temu sells cables for as little as €1, far below his own retail price of €4.95 and even under his supplier’s cost. The case highlights the mounting pressure small shops face as global e-commerce platforms reshape local retail dynamics.
Spain’s Top-Earning Speed Camera Issues 90,000 Fines in a Year
A single speed camera on the A-7 in Valencia generated over 90,000 fines in 2025, helping drive traffic penalty revenues in Spain to new heights. The surge in enforcement is sparking debate over the true purpose of these devices.
Wildfires Devastate Vineyards from Valle del Tiétar to El Escorial
Wildfires have destroyed historic vineyards across Ávila and Madrid. Growers face major losses, with concerns rising over smoke taint in upcoming wine harvests. The full scale of the damage is still emerging.
Volkswagen Engineers Arrested in $5 Billion Rivian Insider Trading Scandal
Two former Volkswagen engineers have been detained in California, accused of exploiting confidential merger details with Rivian to profit from stock trades. The case exposes the risks of insider leaks in high-stakes automotive deals.
Valencian Community to Receive Record €16.3 Billion in 2027 Funding
The Valencian Community is set for its largest ever state funding in 2027, with €16.3 billion allocated. The Spanish government urges local authorities to negotiate reforms that could further boost resources. Tensions rise over the region's refusal to discuss the new model.
How Much You Should Really Spend on Holidays, According to José Luis Díaz
José Luis Díaz, a leading financial advisor, recommends allocating 5–10% of your yearly income to holidays. By planning and automating savings, families can avoid debt and enjoy their trips without financial stress. Here’s how to make vacations part of a healthy budget.
Construction Begins on Infinity, Valencia’s Ambitious Mega Mall
Heavy machinery has arrived in Turianova as work starts on Infinity, a vast shopping and leisure destination set to transform Valencia’s southern gateway. The project, backed by General de Galerías Comerciales, targets a 2028 opening and promises over 220 shops, restaurants, entertainment, a hotel, and offices.
Salvador Illa Pushes for Stronger Catalonia-Vietnam Business Ties
Salvador Illa calls for balanced business relations between Catalonia and Vietnam. He presses the PP to engage on regional funding reform. The visit highlights Catalonia’s economic ambitions in Asia.
One Missed Deadline Cost This Self-Employed Woman Her Pension
A self-employed woman in the Basque Country was denied her pension after 16 years of contributions. The court ruled her registration in the RETA system ended too late to qualify under old rules, forcing her to wait longer for retirement benefits.
Apple Launches Device Leasing in US With Klarna, Ending Upgrade Program
Apple introduces a new leasing program in the US, letting customers rent iPhones and other devices for up to three years. The move comes as device prices rise and Apple ends its previous Upgrade Program.
China Begins Mass Production of Key Chipmaking Tool Amid Doubts
A Chinese company has started mass-producing a critical chipmaking tool. Analysts warn that performance and scale remain uncertain. ASML's dominance is not expected to be seriously threatened in the near term.
Catalan Government Pushes for 2027 Funding Reform Despite Delays
Catalonia insists on passing the new regional funding model by 2026. The government warns that any further delay could threaten budget plans and political alliances. The reform would bring €4.7 billion more annually to the region.
Why 15 Years of Social Security Contributions Can Mean a Bigger Pension Than Expected
Spanish Social Security expert Alfonso Muñoz reveals why some retirees with only 15 years of contributions may receive pensions that exceed their total payments. Legal caps, minimum supplements, and early retirement rules all play a role in this surprising outcome.
Asturias Toll Operator Faces Record Fine for Full Charges Amid Service Failures
Authorities in Asturias have launched a major sanction against Aucalsa, the AP-66 toll operator, after months of full-price charges despite major traffic restrictions and degraded service. The case could set a new standard for toll road accountability in Spain.
Barcelona Fast-Tracks Montjuïc Fairgrounds Overhaul Ahead of 2029
Barcelona has launched the next phase of Montjuïc’s Fira redevelopment. Demolition and construction are underway to meet the 2029 centenary deadline. The project includes a new multifunctional venue, restored historic buildings, and hundreds of protected homes.
Spain’s Speed Cameras Collected €8.2 Million a Day in Fines in 2025
In 2025, Spanish speed cameras generated nearly €247 million in fines, with almost half of all traffic penalties linked to speeding. Valencia’s A-7 radar issued more tickets than any other device nationwide.
How to Secure the Maximum Grant from Spain’s Plan Auto+ for Electric Cars
Spain’s Plan Auto+ replaces the old MOVES scheme, offering up to €6,000 for electric car buyers. But only those who meet strict criteria can claim the full amount. Here’s what you need to know to maximize your subsidy.
Spain Falls Short on EU Wildfire Prevention Funds Execution
Spain has spent just a quarter of €401 million in EU funds for wildfire prevention since 2022. Most projects remain incomplete. Regional governments handle most spending, while key state initiatives stall.
Mercadona Builds One of Andalusia’s Largest Supermarkets in Dos Hermanas
Mercadona is nearing completion of a massive new supermarket in Dos Hermanas, set to become the municipality’s second largest retail space. The two-level building will offer a covered parking area and a spacious sales floor, reflecting the chain’s latest design standards.
How 70,000 Sheep Are Protecting a Jaén Village from Wildfires
In Santiago-Pontones, more than 170 shepherds—many of them young—have revived large-scale grazing to keep public lands clear and prevent devastating wildfires. Their approach has not only protected the landscape but also brought new life to the local economy.
Indra and Bold Sign Strategic Deal to Boost Catalonia’s Tech Sector
Indra has entered a strategic agreement with Bold in Barcelona. The move is designed to accelerate technological and industrial growth in Catalonia. The partnership signals a shift in Indra’s regional approach.
Barcelona and Vietnam Chambers Sign Pact, Eye Direct Air Link
Barcelona and Vietnam's chambers of commerce have agreed to boost economic ties. Talks include a potential direct air route between Barcelona and Vietnam. The move could open new business and tourism opportunities for Catalonia.
Housing Crisis Overtakes Health and Jobs as Top Concern in Andalusia
Housing has become the leading issue for Andalusians, surpassing health and unemployment. The latest Centra survey shows a sharp rise in concern over access to homes. Political preferences are also shifting in the region.
Government Delays Key Housing Decree Amid Coalition Rift
The Spanish government has postponed its flagship housing decree until after summer. Coalition divisions and lack of parliamentary support forced the delay. The measure included a rent freeze and changes to land law.
ERC Membership Fees Overtake Leadership Contributions in Party Funding
ERC's 2025 accounts reveal a major shift: member fees now surpass leadership contributions. The party reports a low debt ratio and significant cost-cutting. Losses in elections have reshaped its income sources.
Catalonia Seeks Stronger Economic Ties with Vietnam Amid International Push
Catalonia's president Salvador Illa highlights Vietnam's strategic role for the region's exports. His visit underscores efforts to expand Catalan business presence in Southeast Asia. The trip comes as education and infrastructure debates intensify at home.
Spain Launches Ambitious Rocket Factory Project in Elche
A new industrial complex in Elche is set to transform Spain’s role in the global space industry. Backed by €65 million in private investment, the site will mass-produce the MIURA 5 orbital launcher and create thousands of jobs, marking a decisive step for Spanish aerospace.
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