Economy - Page 20
2965 news
Only 12% of Spanish Households Save or Invest Despite High Stability
A third of Spanish households feel financially stable, yet just 12% manage to save or invest. The Allianz 3am Report 2026 highlights a sharp gap between perceived security and actual savings habits in Spain.
Why Construction Jobs in Spain Are Now a Lifeline for Migrants
Luis Alberto left Honduras for Spain and started as a construction helper. Today, he earns up to €90 a day—well above minimum wage. As Spain’s building sector faces a labor shortage and an aging workforce, construction is becoming a key entry point for migrants seeking stable work.
PP Clarifies Feijóo’s Remarks on Sick Leave, Focuses on Fraud Cases
The Partido Popular has clarified that Feijóo’s recent statements on sick leave targeted fraudulent cases, not genuine illness. The party now stresses the need for consensus on tackling absenteeism and rejects pay cuts for the sick.
Catalonia Moves to Restrict Speculative Housing Purchases in Key Areas
Catalonia’s parliament has fast-tracked a law to curb speculative home buying in high-demand zones. The measure aims to limit large investors and protect residents’ access to affordable housing. Political divisions remain sharp.
Trump Orders Immediate Halt to US-Spain Trade Amid NATO Dispute
Donald Trump has instructed a full stop to all US commercial dealings with Spain. The move follows Spain’s refusal to increase defense spending and deny US access to key military bases. Madrid and Brussels have responded, emphasizing existing economic ties.
Markets Slide as Trump Ends Iran Ceasefire, Oil Prices Surge
Stock futures tumbled after Donald Trump declared the Iran ceasefire over at the NATO summit. US strikes in response to attacks in the Strait of Hormuz pushed oil prices up. European markets and most sectors also fell.
Oil Prices Surge After U.S. Ends Ceasefire With Iran
Oil prices soared nearly 6% after the U.S. launched new strikes on Iran. The escalation followed attacks on commercial vessels in the Strait of Hormuz. Washington has now withdrawn a key waiver for Iranian oil sales.
Trump Ends Iran Ceasefire After Strikes Escalate at NATO Summit
Donald Trump announced the end of the ceasefire with Iran after new military strikes. The US president dismissed further negotiations, calling Iran's actions unacceptable. Oil prices surged following the renewed conflict.
Trump Threatens to Halt All Trade with Spain over NATO Dispute
Donald Trump has ordered a halt to all US-Spain trade, citing Spain’s defense spending. The Spanish government responds, highlighting EU rules and the US trade surplus. The dispute raises new questions for bilateral relations.
Spain Overtakes South Korea in GDP, Surprising Global Analysts
Spain has surpassed South Korea in total GDP, entering the world’s top 12 economies. Strong job creation and a booming services sector drive growth, but concerns remain over housing and infrastructure.
Inditex Reports Record Profit as Marta Ortega Stresses Customer Focus
Inditex has posted its highest-ever profit, with sales and dividends also reaching new peaks. Marta Ortega highlighted the need to maintain close customer ties as the company accelerates international growth and tech investment.
How the CAE Can Cut €1,000 Off Your New Electric Car in Spain
Spain’s Certificado de Ahorro Energético (CAE) offers up to €1,000 off a new electric car—on top of other incentives. Here’s how this system works, who qualifies, and why more buyers are starting to take advantage.
Senate Restores Exclusion of Pensioners in Mutualists' Social Security Law
The Senate has reintroduced a key restriction in the law allowing mutualists to join Social Security. Existing pensioners are now excluded again, affecting thousands of professionals. The final decision returns to Congress.
Feijóo Calls for Lower Sick Pay Amid Surge in Absenteeism
Opposition leader Feijóo urges changes to sick leave pay, calling rising absenteeism a major problem. The proposal sparks sharp reactions from unions and government. Spain faces record costs for temporary incapacity.
Hundreds Left Without Cars or Pay as Cobendai Dealerships Collapse
Nearly 100 customers in Madrid are still waiting for cars they paid for months ago. Cobendai dealerships have stopped operations, leaving 170 employees unpaid and dismissed. Hyundai and MG scramble to address the fallout.
Spain Cuts Pension Approval Times as Delayed Retirement Surges
Spain’s Social Security has sharply reduced the time it takes to approve retirement pensions, with most new claims now resolved in just over a week. The number of workers choosing to delay retirement is also rising, pushing the average retirement age higher.
EU Allocates €120 Million to Spain After 2025 Wildfires
Spain will receive €120.55 million from the EU Solidarity Fund after devastating wildfires in 2025. The aid targets regions with severe damage and supports recovery efforts. Parliament approved the measure with broad backing.
Spain to Launch National Fertilizer Plan Amid Middle East Crisis Impact
Pedro Sánchez has announced a National Fertilizer Plan for early 2027. Over €1.1 billion in aid is already mobilized for Spain’s primary sector. The move aims to reduce dependency and stabilize food production.
Ayuso Accuses Government of Favoring Catalonia in Budget Talks
Isabel Díaz Ayuso has sharply criticized the government's new budget approach. She claims the plan prioritizes Catalonia over Madrid and undermines institutional trust. The debate exposes deep divisions among Spain's regions.
EasyJet Board Backs £5.2bn Takeover Proposal from US Firm
EasyJet has given initial support to a £5.2bn takeover bid from Castlelake. The deal faces strict EU ownership rules and must pass a shareholder vote. The US firm has until August to confirm its intentions.
Electric Trucks Challenge Diesel on Cost in Chile’s Heavy Transport
Electric trucks are making inroads in Chile’s logistics sector, with operational costs now matching or even beating diesel on high-mileage routes. Trailer Logistics is already running electric units for retail and mining giants, signaling a shift in the country’s heavy transport landscape.
BNEW 2026 Expands with Five New Sectors and 270 Speakers in Barcelona
Barcelona New Economy Week 2026 will add Gaming, AI, Energy, Agrofood and Science to its agenda. The event expects 270 speakers and over 50 sessions. New topics include the impact of AI on jobs and energy transition.
How Almería’s Tomatoes Keep Europe Supplied All Winter
Almería’s tomato growers have mastered winter production, turning a sun-drenched corner of Spain into Europe’s main source of fresh tomatoes when the rest of the continent falls quiet. The secret lies in a rare mix of climate, saline water and careful cultivation.
Independent Directors Blocked Zapatero’s Appointment at Indra
Moncloa sought to appoint José Luis Rodríguez Zapatero as Indra’s international adviser for Ibero-America. The plan was halted by independent directors, raising questions about political influence in major Spanish firms.
Halland Faces Key Choice on Regional Leadership
Halland’s future direction is under debate as the region weighs continued centre-right leadership. Economic management, healthcare quality, and support for local businesses are central to the discussion.
Commvault Faces Securities Lawsuit Over Misleading ARR Growth Claims
Commvault Systems is under scrutiny after investors filed a class action lawsuit. The case centers on allegedly misleading ARR growth projections. A major stock decline followed the latest financial results.
Spanish Homeowners Offered Up to €3,000 for Energy-Saving Upgrades
Homeowners in Spain can now access grants covering up to 40% of renovation costs, with a maximum of €3,000 per property, for projects that boost energy efficiency. Eligible upgrades include replacing windows, improving insulation, and installing efficient heating systems—provided energy savings are proven.
Triticale Surges in Aragón as Farmers Battle Devastating Rabbit Plague
Triticale, a cross between wheat and rye, is rapidly gaining ground in Aragón. Its resilience to wild rabbits and ability to preserve more grain are changing how local farmers defend their fields from one of Spain’s most persistent agricultural threats.
Merz Unveils Action Plan Against Social Benefit Abuse in Germany
Chancellor Friedrich Merz has announced a new action plan to tackle social benefit abuse. The initiative comes alongside major reforms in tax, pensions, and healthcare. The government aims to restore confidence and drive economic recovery.
Valencian Tourism Campaign Sparks Debate Over Sustainability and Exclusion
The Generalitat Valenciana's new tourism campaign has reignited debate over the real impact of mass tourism. Critics point to rising housing costs, strained public services, and accusations of selective hospitality.
Government Pushes Major Reforms Amid Judicial Pressure
Spain's government accelerates key reforms on housing, dependency, and regional funding. Judicial scandals and political tension shape a critical July before the summer break. Major decisions could define the end of the legislature.
Valencia Family Arrested for €1 Million Pyramid Scheme Targeting Investors
Four members of a single family in Valencia have been arrested for allegedly running a pyramid scheme. Authorities say at least 81 victims lost their savings. The group used a fake investment website and lived lavishly off the proceeds.
Valencia Family Arrested for Alleged €1 Million Ponzi Scheme
Four family members have been detained in Valencia for orchestrating a Ponzi-style investment scam. Authorities report at least 81 victims and over €1 million in losses. Luxury goods and assets have been seized.
Social Security Grants 270-Day Pension Bonus Per Child in Spain
Spain's Social Security now counts 270 extra days per child towards pensions. The measure targets gaps in contributions after childbirth. Additional supplements can further boost retirement income.
ElPozo Expands with Major Poultry Acquisition in Albacete
ElPozo Alimentación, part of Grupo Fuertes, has acquired Tolvasa-Paasa, a leading Albacete-based poultry company with nearly €60 million in annual turnover. The move marks a strategic shift for ElPozo, broadening its reach beyond pork and deepening its control over the poultry supply chain.
Page 20 by 20