Business News & Financial News

In Spain 20th June 2025

Sánchez Regains Partners’ Support by Confronting Trump and Refusing to Raise Defense Spending to 5%… by 2035

Who knows where Pedro Sánchez might be in 2035? In La Moncloa (the Prime Minister’s official residence)? In Europe? In jail, given the way things are going in Spain? But far from stalling, Pedro Sánchez has chosen to publicly confront Trump, the U.S., and NATO by refusing to increase Spanish defense spending beyond 2%. And as for 5% by 2035, that’s out of the question. This is what Sánchez explained…

In Europe 18th June 2025

First day of Paris Air Show sees Airbus get orders for 132 aircraft from two Saudi companies, Poland’s LOT and Japan’s ANA

Bankinter | Airbus announced yesterday several orders for 132 cargo and passenger aircraft on the first day of the Paris Air Show being held this week, from Saudi leasing company AviLease (40 aircraft of various models, which could be expanded in the future), Riyadh Air (25), Polish airline LOT (27) and Japanese airline ANA(40). Analysis team’s view: Good news on orders, although the company’s main challenge remains to speed up…

In the World 20th June 2025

Fed keeps rates steady (4.25-4.50%), lowers GDP forecast and raises inflation forecast

Link Securities | The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) kept its benchmark rates unchanged in the 4.25%–4.50% range for the fourth consecutive meeting in June, in line with expectations, as its members adopted a cautious stance to fully assess the impact of President Trump’s policies, particularly those related to trade tariffs, immigration and taxation. FOMC members also noted that uncertainty about the economic outlook has…

“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…

“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”

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

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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