Business News & Financial News

In Spain 12th February 2025

New squabble between government partners: PSOE wants minimum wage taxed and for Treasury to take 43% of increase, Sumar refuses

In the press conference following yesterday’s cabinet meeting, the dispute was public and notorious. The Vice President of the Government and Minister of Labor, Yolanda Díaz, was busy explaining that the government, in agreement with the unions and disregarding the employers, has decided to raise the minimum wage (SMI) by another €50 per month – to 14 payments of €1,184 per month – a decision that affects 2.4 million workers….

In Europe 11th February 2025

Indra to provide German Air Force, Luftwaffe, with state-of-the-art radar for detecting objects in low space orbits

Link Securities | Following approval by the German Parliament, Indra has signed a contract with the Federal Office of Procurement (BAAINBw) of the German Armed Forces (Bundeswehr) to provide its Air Force, the Luftwaffe, with a state-of-the-art low-orbit object detection radar, the digital portal Bolsamania.com reported yesterday. The system will protect active satellites from possible impact with debris from other missions that orbit uncontrollably at high speed and can damage…

In the World 11th February 2025

Chinese aluminium manufacturers to hardly be affected by US tariffs

Intermoney | The US is wielding tariffs as a weapon to achieve certain concessions and show its ability to exert pressure in certain areas, but we should not overestimate them, as in some cases the products lack high added value. This is the case with aluminium and China. Chinese aluminium manufacturers will hardly be affected by the US plan to impose tariffs of 25% on steel and aluminium imports. The…

“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…

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

“Mercosur is perhaps an idea that people have fallen in love with and are keeping because everyone is too embarrassed to liquidate it”

Fernando Gónzález Urbaneja interviews José Juan Ruiz, president of the Real Instituto Elcano and director of Redeia, in Consejeros, who states that “The intellectual prestige of pessimism is one of the characteristic features of Western civilisation. But, to give an example: in terms of CO2 emissions, everything may be in chaos, people’s perception may be that we have done nothing, but the European reduction in emissions is 32% compared to…

…in the last week