Business News & Financial News

Forty years of Spanish constitution: What's next?

In Spain 10th July 2026

Government approved additional €6.287 billion in defence spending hours before NATO summit

To the executive report on defence spending that Sánchez had prepared for the NATO summit, another item of €6,287 million was added at the last minute. The Council of Ministers approved it last Tuesday, just before the chief executive caught his flight to Ankara. This is a record credit transfer ordered by the Treasury to the Ministry of Defence—nearly double the largest one authorized so far this year. The briefing…

In Europe, Markets 9th July 2026

ESMA publishes technical standards on CCP admission criteria

Reported by Consejeros Editorial Team The European Securities and Markets Authority (ESMA), the regulatory and supervisory body for the European Union’s financial markets, has published its final report on the regulatory technical standards (RTS) relating to the elements of the admission criteria for central counterparties (CCPs), following the revision of the European Market Infrastructure Regulation (EMIR 3). EMIR 3 introduces amendments to the provisions relating to the requirements for participation…

Companies, In the World 10th July 2026

SWIFT launches its blockchain for payments with 17 banks

SWIFT – which connects 15,000 financial institutions worldwide – has announced that its blockchain DLT is going live with 17 partner institutions (ANZ; BNP Paribas; BNY; Citi; DBS; First Abu Dhabi Bank (FAB); FirstRand Bank Limited; HSBC; Itaú Unibanco; Lloyds Bank; Mashreq; MUFG Bank; OCBC; Standard Chartered; UBS; UOB and Wells Fargo). These institutions will be able to process cross-border payments using tokenised deposits and carry out transfers in real…

rosa garcia consejera caixabank acerinox ence

“Many companies complicate CSRD implementation more than necessary”

Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…

“We are one of Europe’s leading R&D investors: €1.45 billion last year”

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

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