Business News & Financial News

In Spain 14th July 2025

Government Negotiates “Unique Funding” with Catalonia Today

The Bilateral Government-Generalitat Commission is meeting today in Barcelona. This meeting has socialists in many regions holding their breath, as it will address the so-called “unique funding” for Catalonia. An agreement is expected to advance Catalonia’s tax management of personal income tax (IRPF). The pact signed last year between the PSOE and ERC involves giving the Catalan government the management, collection, settlement, and inspection of taxes obtained in Catalonia, a…

In Europe 14th July 2025

CAF consolidates presence in France with two new contracts in consortium with Alstom for €300 million total

Intermoney | The company will manufacture trains and trams for France after being awarded two new contracts worth a total of €300 million. In consortium with Alstom, the Basque group will supply 14 trains from the Coradia Polyvalent platform to the Burgundy region. The shared contract stems from agreements between the two companies following CAF’s purchase of Alstom’s Reichshoffen plant three years ago, after the French company was forced to…

In the World 11th July 2025

US continues to send letters to countries informing them of establishment of tariffs as of 1 August

Renta 4 | The United States has continued to send letters (to six countries) informing them of its next steps, mainly the establishment of tariffs from 1 August. However, on Wednesday, these were sent to countries of lesser importance in terms of trade volume, while the markets remain complacent in anticipation of the announcement of trade agreements with more important partners (the EU and India). In addition, countries such as…

“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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