Yesterday, April 28th, at 12:33 PM, and due to causes that are still unknown, all of Spain – and Portugal as well – were left without power. Trains stopped in the middle of the countryside, subways halted in the middle of tunnels. Elevators with hundreds of residents trapped throughout the country. Traffic lights off, refrigerators and freezers off. Businesses open but unable to charge customers or close, in the case…
Bankinter | The unemployment rate stands at 11.36% in Q1 2025, compared to the 10.7% expected and the previous 10.61%. The number of employed workers decreases to 21.8M (down 92.5 thousand people since Q4 and up 515.4 thousand people year-on-year). The number of unemployed increases to 2.8M people (up 193.7 thousand people in the quarter and down 188.7 thousand year-on-year). Analysis team opinion: The unemployment rate surprises negatively, with a…
Representatives from 75 companies from 25 countries will attend the meeting, of which 20 are American, with investments in Spain or in the process of having them. They will speak with national companies and members of half a dozen ministries and autonomous communities about the projects they are interested in. The government denies that, for the moment, a slowdown in trade relations with the US has been noticed, stating that…
Banco Sabadell: The company announced at closing an investment of €200 (6% of capitalisation) in Deeplabs, a rental platform in the science and innovation (S&I) segment. The agreement foresees an alliance with Stoneshield to jointly manage a REIT in which new capital will enter to increase the asset base, which will initially be €400 million (of which Colonial holds 90% or the equivalent of 3% of the asset portfolio) but…
Link Securities | The National Markets and Competition Commission (CNMC) expects to approve next Monday, 28 April, its opinion on the takeover bid launched by BBVA for Banco Sabadell (SAB), according to sources close to the process, the Efe news agency reported. The work of the CNMC has been well advanced for weeks and now the result of the market test initiated at the beginning of the month to approve…
NATO yesterday once again pointed to Spain as the member of the Atlantic Alliance that makes the lowest investment in defense relative to the size of its economy. In fact, the organization’s annual report indicates that the country’s military spending closed 2024 at 1.24% of its GDP, compared to the 1.4% outlined in the government’s rearmament plan. The figure increases the outstanding gap to reach the commitment of 2% of…
In the first two months of the year, the Spanish trade deficit has soared to €9,612 million, of which €6,079 million correspond to the deficit with China. China has become Spain’s top supplier, ahead of Germany, after its exports to Spain grew by 22.9% to €8,002 million. In February, Spanish goods exports grew at an annual rate of 0.4% and at a month-on-month rate of 7.4%. Meanwhile, imports in February…
Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5) reported on Tuesday, after the market close, that it has bought the Deeplabs platform, specialising in the management of scientific campuses, for €200 million from the Stoneshield fund. In turn, the REIT has reached an agreement with the same fund to create an investment vehicle to grow in this market segment at European level. Deeplabs has three scientific campuses in Barcelona…
The debt of the Public Administrations stood at €1.646 trillion in February, which represents a growth of 2.6% in year-on-year terms, with €42,051 million more, as reflected in the data of the Excessive Deficit Protocol published by the Bank of Spain. Compared with the previous month, the debt balance increased by €16,906 million, or 1.04%. Specifically, the State debt stood at €1.498 trillion, with a year-on-year increase of 3.8%, while…
Pedro Sánchez announced yesterday that Spain will increase its military spending by €10 billion this year, although only 20% of that figure will be allocated to the purchase of equipment and materials, while 35% will go to raising the salaries of the military. With this increase, Spanish spending on security and defense will reach 2% of GDP this year, totaling more than €33 billion. Sánchez thus contradicts himself, once again,…