Economy - Page 6 2976 news

Feijóo rejects Government housing decree as a failed response

Alberto Núñez Feijóo has rejected the housing decree the Government plans to approve. He is calling for more construction and tax cuts, while demanding Yolanda Díaz's resignation as protests grow following the eviction of 87-year-old Maricarmen Abascal.

Mortgage signings hit a two-year low

Banks registered 43,372 home purchase loans in Spain in July, the sharpest annual drop in 25 months. Buyers took on larger debts as house prices and borrowing costs made access harder.

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 affect car buyers and the automotive industry for years.

Trump slashes US fuel standards in dramatic rollback

The US has scrapped strict fuel economy rules set for 2031, lowering requirements and dropping the planned credit market. The move is expected to save buyers $1,300 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 far faster than 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.

Clicars opens Murcia hub to fight Spain’s old car problem

Clicars has opened its first physical hub in Murcia to help residents replace old cars with newer, certified models. The company is targeting one of Spain’s oldest car fleets with quick sales and next-day delivery, plus flexible payment plans.