Economy - Page 2
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Lagarde says higher rates are not the main cause of Europe's housing crisis
Christine Lagarde says ECB rate rises are not the main cause of Europe's housing crisis. She points to a gap between housing supply and demand, while acknowledging higher mortgage costs, weak investment and a severe shortage of homes in countries such as Spain.
Spain's Mortgage Market Hits a New Barrier for Homebuyers
Hundreds are camping in Madrid's Puerta del Sol as mortgage activity falls. The average loan has reached a record 180,785 euros, while fewer buyers are completing purchases.
US Eases Fuel Efficiency Rules for New Cars
The US Department of Transportation has approved less stringent fuel efficiency standards for vehicles, reversing previous targets and raising concerns about higher fuel costs and emissions. The move is expected to impact car buyers and the automotive industry for years.
Spanish mortgage rates climb above 3%
Spain's average mortgage rate has crossed 3% again. Sabadell and Ibercaja offer monthly savings of around €75 on a typical loan.
Trump slashes US fuel standards in dramatic rollback
The US has scrapped strict fuel economy rules set for 2031, cutting requirements and dropping the planned credit market. The move promises $1,300 savings per new car but raises questions for European suppliers and climate policy.
Spain faces hidden risks as tax revenue outpaces real growth
Spain’s tax revenue is rising at a pace far beyond the country’s real economic growth, driven by inflation and higher VAT and income tax collections. Analyst Marc Vidal cautions that this apparent strength could conceal structural weaknesses with long-term consequences.
CaixaBank sees mortgage growth losing pace in 2027
CaixaBank expects mortgage growth to slow in 2027 as home prices and interest rates shut more buyers out. Consumer and business lending are holding up better.
Spanish Economic Boom Leaves Millions Behind
Spain’s economy has surged since 2013, but the benefits have bypassed much of the population. Despite record employment and rising profits, stagnant wages and persistent poverty reveal a widening gap between headline growth and everyday reality.
Europe weighs fuel relief as pressure to cut energy use grows
Britain is studying temporary limits on fuel purchases as energy prices rise again. Brussels is asking governments to cut gas and electricity use, while Spain prepares fresh support for drivers and households.
Spanish Growth Faces Hidden Strains as Tax Revenue Surges
Spain’s economy continues to outpace much of Europe, but economist Marc Vidal points to warning signs behind the headline numbers. Rising tax revenue, persistent inflation, and a population boom are reshaping the real story of Spanish growth.
Trump's Crypto Empire Leaves Retail Investors Billions Short
Donald Trump's crypto ventures added billions to his family's wealth while retail investors took heavy losses. The collapse of $TRUMP exposed the conflict between political promotion and private profit.
Mortgage demand falls as Spain's housing market slows
Spain recorded 43,372 home mortgages in July. Annual lending fell 3.5% as higher prices and financing costs began to slow the property market.
Santiago Niño Becerra demands action on Spain’s housing crisis
Economist Santiago Niño Becerra says Spain’s housing crisis won’t end until more homes hit the market. He blames millions of empty properties and the unchecked rise of tourist rentals, tracing the roots back to the 1950s.
Clicars opens Murcia hub to fight Spain’s old car problem
Clicars has set up its first physical hub in Murcia, aiming to help locals swap out old cars for newer, certified models. The company targets one of Spain’s oldest car fleets with fast sales, next-day delivery, and flexible payment plans.
Spanish mortgages slow as average loans hit €180,785
Spain recorded fewer mortgage deals in July, but the average loan reached a record €180,785. Higher interest rates are adding to the pressure on buyers.
Santiago Niño Becerra calls for urgent action on Spain's housing crisis
Economist Santiago Niño Becerra argues that Spain’s housing crisis cannot be solved without a dramatic increase in available homes. He dismisses legislative fixes as mere stopgaps and points to millions of empty properties and the rise of tourist rentals as key obstacles.
Spanish mortgage size hits record as July signatures fall
Spain recorded fewer home loans in July. Yet the average mortgage reached a historic high of 180,785 euros. The figures point to a housing market under renewed price pressure.
Euribor rise puts Spanish variable mortgages under fresh pressure
The Euribor is set to reach 3.22% in September. Average variable mortgage payments could rise by €828 a year as the ECB keeps pressure on borrowing costs.
Spain launches major electric vehicle subsidy push for businesses
Spain is rolling out a powerful subsidy program to accelerate electric vehicle adoption among businesses and self-employed workers. The Plan Auto+ Line 2 offers up to €7,500 per van and strict eligibility rules, aiming to reshape the national transport landscape.
Used car sales surge as Spain rewrites the rules of the road
Spain’s used car market is booming, with nearly two million vehicles expected to change hands this year. As digital platforms transform how Spaniards buy and sell, new challenges and opportunities are emerging for buyers, sellers, and the entire mobility sector.
Telefónica Germany turns to AI as merger talk returns
Telefónica Germany is rebuilding after losing 1&1. AI should cut costs as the operator expands fixed-line services, targets business customers and keeps network deals on the table.
Telefónica puts German O2 through an AI-led overhaul
Telefónica is rebuilding its German O2 business around artificial intelligence. The plan includes 150 AI applications, staff cuts and 60 store closures as the company seeks new growth.
Ford profit plunges in Spain even as car sales climb
Ford Spain closed 2025 with a net profit of €69 million, down 70% from the year before. Sales jumped, but revenue and output dropped, showing the strain of the electric transition.
Car buyers face rising prices as direct sales model stalls in Spain
The promise of direct car sales in Spain has hit a wall as manufacturers refuse to shoulder the cost of unsold vehicles. With prices up over 40 percent in four years and Chinese brands now holding 20 percent of private sales, the traditional dealership is far from obsolete.
Trump rewrites US car rules and sidelines electric mandates
Donald Trump has scrapped Biden-era electric vehicle mandates and approved looser CAFE standards, promising $100 billion for US carmakers. The move could reshape global production plans and delay the electric transition for years.
Spanish pensions to rise sharply as inflation pushes forecasts higher
Spanish pensioners could see their payments jump by more than 3 percent in 2027. With inflation running hot, the final increase will depend on price trends through November. Here’s what the latest numbers mean for retirees.
Spain's fuel discounts face a 30 September deadline
Temporary fuel discounts are due to expire on 30 September 2026. The government must decide whether to extend or replace the support as petrol and diesel prices remain close to €2 per litre.
GWM targets rapid growth in Spain with seven new models
GWM is betting on a bold expansion in Spain, aiming for a three percent market share within three years. The company plans to introduce seven new models and build a robust dealer network despite rising tariffs on Chinese electric vehicles.
Córdoba roadmap puts food security at center
Ibero-American states have signed a shared agricultural roadmap in Córdoba. The agreement targets food security and rural opportunities while addressing climate change, market volatility and inequality.
Europe faces electric car crisis as China dominates design and production
Europe’s electric car industry is losing ground to China, with design and manufacturing slipping out of European hands. Political proposals and infrastructure gaps reveal a sector under pressure and a continent at a crossroads.
Spain Faces a Sharper Debt Bill as Bond Yields Surge
Spain's 10-year bond yield has climbed above 4%, reaching its highest level since 2013. The rise will make it more expensive for the Treasury to replace older, cheaper debt.
Maserati eyes electric revival with Chinese partnership
Maserati is in talks with Huawei and JAC to build two new electric cars. The Italian brand wants to turn around falling sales by tapping Chinese tech and production. No official deal yet.
Investors demand crisis-era returns on Western government debt
The 10-year US Treasury yield has moved above 5%, while European debt has crossed key thresholds. Fiscal pressure, inflation and geopolitical risks are pushing investors to demand more from governments.
Dani keeps Spain’s cheapest supermarket crown in 2026
Dani leads Spain’s cheapest supermarkets again. Families could save €1,310 a year by choosing carefully, while Madrid has the widest gap between stores.
Ford Almussafes faces crisis as production plummets
Ford’s Almussafes factory in Valencia is running at a fraction of its capacity, with taxpayers footing the bill to keep jobs alive. The plant’s future now hinges on delayed investment from China’s Geely.
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