The Independent Authority for Fiscal Responsibility (Airef) has revised upwards the growth forecasts for the Spanish economy for the coming years, from 2027 to 2030. The reason is immigration. Foreign workers are making a significant contribution to the improvement of GDP and will continue to do so in the coming years, assures the regulator.
Catalonia functions as the great laboratory in housing policy in Spain and, as such, is subject to greater scrutiny regarding its consequences. It happened again this Monday with the publication of the Rental Housing Price Index prepared by the National Institute of Statistics (INE). The data shows a figure that has surprised the sector: rental prices accelerated in 2024, the year in which the rent cap was introduced under the state Housing law.
Nissan is proposing a redundancy plan for 211 workers in Catalonia, affecting 37% of the 569 employees it has across the three centers it operates in the region. The Japanese car manufacturer informed the unions on Monday about the opening of a file that will impact all three facilities. This will involve minimizing activity at the El Prat spare parts center, the most affected with 110 out of 122 workers impacted, 90%. The unions fear that the center may end up closing. At the technical center in Barcelona and the functional areas center in El Prat, a quarter of the workforce is proposed to be cut, with 86 and 15 departures respectively.
The Godmar rectory, an architectural complex adjacent to the old church of Sant Sadurní, originally from the 13th century, restored in the 19th century and converted into a space for meetings and conventions, was the setting last Wednesday night for the final farewell to the until now…
Up to three candidates have applied so far (candidacies can be submitted until June 10) to preside over the DO Cava, succeeding Javier Pagés who has completed two terms. Once the 12 members of the new board are elected following yesterday’s elections, the presidency is expected to be decided on June 11. Marta Vidal made the announcement this morning, Friday, at the headquarters of the sector’s employers’ association in Sant Sadurní d’Anoia, the Associació d’Elaboradors de Cava (Aecava), and later presented it to the staff of her cellars based in Vilobí del Penedès and to her grape suppliers. If she obtains enough votes, she will become the first woman to preside over the DO Cava since its founding in 1972.
The United States Court of International Trade ruled on Thursday against the latest global 10% tariffs imposed by President Donald Trump, finding that they were not justified under a trade law from the 1970s.
A pioneer has died, whose work is summed up in three letters: CNN.
The European Union activates its machinery to force the White House to respect the terms of the already criticized trade agreement with the U.S.. “A pact is a pact,” warned the President of the European Commission, Ursula von der Leyen, a few hours before her Trade Commissioner, Maros Sefcovic, meets with the U.S. Trade Representative, Jamieson Greer, in Paris. All this, after President Donald Trump threatened this weekend with a 25% tariff on the import of European vehicles.
Extraordinary minors and the drop in interest rates penalized Banc Sabadell in the first quarter of the year, with profits falling by 29.1%, down to 347 million euros. In the results for the January-March period, TSB continued to contribute dividends to the bank, and it will not be until the second quarter that the extraordinary profit (capital gain) of 300 million from the sale of that British subsidiary to Santander will be recorded.
Someone was inhaling butane. Energy experts had long been warning that the war in Iran was causing the biggest oil supply shock in history. The closure of the Strait of Hormuz took 14 million barrels per day of crude off the market. To destroy so much demand, they said, the price of Brent should be more than double the pre-war level, sitting well above $150 per barrel. However, oil market operators seemed drowsy. Until April 17, prices were below $90 per barrel. In the last week, amid rumors of a worsening of the fighting, they have started to react. On April 30, prices exceeded $125.
