Business News & Financial News

In Spain 23rd July 2026

Spain becomes EU country with the most burned land

Spain is the European Union country with the largest amount of burned land so far this year, exceeding 120,000 hectares, according to updated data from the European Forest Fire Information System (EFFIS). It is followed at a distance by Italy (with 48,000 hectares) and France (with 46,000 hectares). Provisional data from the Ministry for the Ecological Transition and the Demographic Challenge (Miteco) indicated that, up until July 12, fires had…

In Europe 23rd July 2026

Eurozone deficit falls to 3.1 per cent of GDP and debt rises to 88.9 per cent in first quarter

Reported by the Consejeros Editorial Team The Eurozone’s public deficit at the end of the first quarter fell by one tenth of a percentage point compared with the last three months of the previous year, to 3.1 per cent of Gross Domestic Product (GDP), whilst public debt rose by 1.2 percentage points, reaching 88.9 per cent, according to figures from Eurostat, the statistical office of the European Union (EU). As…

In the World, Markets 23rd July 2026

Neuberger: A story of real interest rates

The firm believes that, despite the impact of the rise in real interest rates on fixed-income markets in the coming quarter, the credit market may continue to show resilience as long as growth remains robust and inflation stays under control. Report by Neuberger Movements in interest rates this year have been driven primarily by the rise in real interest rates rather than by an increase in inflation expectations. Real interest…

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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