News
Loans: Healthy Spanish Banks won’t promise it.
Spanish banking has passed the ECB's last stress test with flying colors. As expected, all banks in our country, which account for 95% of the national financial sector, passed. Liberbank was the only bank that failed the audit, it just fell short of its target, with...
Elon Musk goes back on his word and sells 7.9 million Tesla shares
The billionaire said there would be no further sales, but with the Twitter trial looming, he said such a move was necessary Trusting Elon Musk is risky. The world's richest man agreed to buy Twitter for about $44 billion and exited three months later. He sold $8.5...
Inflation does not punish equally: why Spain and the Netherlands take the worst part
Inflation in the euro zone will continue to hit record highs in the coming months. However, within this general trend there are great differences within the bloc, which shows that the fragmentation goes beyond finances or culture. The differences in the economic and...
The Bank of Spain foresees a contraction of credit to households and companies in the second quarter
The Bank of Spain forecasts that Spanish financial institutions will tighten the criteria for granting credit in the second quarter, both for companies and for households, given the greater uncertainty associated with the effects of the war in Ukraine on credit risk...
Malaga councils angry at central government low funding for emergency beach repairs
The mayors of Malaga councils were unhappy after the virtual meeting held yesterday with the Secretary of State for the Environment, Hugo Morán and the government’s delegate in Andalucía, Pedro Fernández, because they say the government is not allocating enough money...
Macron demands an embargo on Russian oil after the Bucha massacre
French President Emmanuel Macron has demanded that the European Union impose new and stricter sanctions on Russia after the discovery of the Bucha massacres, which he has described as "war crimes". The leader of the French executive has proposed an embargo on Russian...
Inflation suffers a big rise this march as a consequence of the war
The Consumer Price Index (CPI) increased by 3% in March compared to the previous month and placed the interannual rate at 9.8%, its highest level since May 1985. A brutal escalation that is due to the increase in the cost of all components of the shopping bag, driven...
The expensive plan of the Spanish government to cushion the effects of war
The Government has proposed a plan for the next three months with which it seeks to reduce the effects of the war in Ukraine on Spain's economy and on the well-being of citizens, in the midst of rising inflation. Among the measures, the Executive will discount...
Amber alert for heavy rain in Malaga
Aemet’s amber alert for heavy rain, which was activated in the Costa del Sol, Serranía de Ronda and Valle del Guadalhorce areas during Wednesday, has been extended to all day this Thursday, 24 March. The forecast is for up to 80mm of rain in 12 hours, mainly in the...