Business News & Financial News

Spanish economy 6th November 2026

In the midst of the election campaign, the Government will raise the minimum wage by 5.3%, up to 1,286 euros per month, surpassing today’s most frequent salary in Spain

With inflation at 4.9%, trade unions had requested a 7% increase in the minimum wage for 2027. Employers’ associations had asked to leave the decision in the hands of the next Government, whichever emerges from the November 29th elections. Meanwhile, the committee of experts convened by the Ministry of Labor had recommended raising it by 4.9%, matching inflation. However, just days before the election, the Ministry of Labor announced it…

European economy 6th November 2026

Bank of England hikes, but this is unlikely to be the start of a long tightening cycle

Daniel Siluk (Janus Henderson) | The Bank of England delivered its first rate increase in more than three years, lifting Bank Rate by 25 basis points to 4%. While the move itself was widely anticipated, the 8–1 vote was more hawkish than expected, with the sole dissenter, Catherine Mann, arguing for a larger 50 basis point increase. The Bank also materially revised its inflation outlook, with CPI now expected to…

In the World 4th November 2026

Trump defeated: Democrats win majorities in both houses of Congress

They are projected to secure at least 250 seats in the House of Representatives and hold at least 54 seats in the Senate, after defeating Republicans in Texas, Michigan, South Carolina, Kansas, Iowa, Ohio, Maine, and North Carolina. U.S. voters finished casting their ballots on Tuesday for all 435 seats in the House of Representatives and 35 of the 100 Senate seats. Additionally, 39 governorships were on the line. The…

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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