Zara owner Inditex, the world’s biggest fashion retailer, has reported record profits for 2022 despite halting operations in Russia and soaring global inflation. Net profit reached 4.1 billion euros last
GBP In any normal week, the UK Budget would make major headlines for markets. This week being what it was, the Budget* came and went without too much of a
The Spanish government has confirmed its economic growth forecast for this year and the next, based on the pace of recovery following the end of most coronavirus mobility restrictions and
Eurozone interest rates are close to historic lows and expected to end July on -0.49 percent – and, as Spanish mortgages are linked to these rates, buying a property is
Consumers in Spain are moving more and more towards electronic payments at the expense of cash, with mobile phones increasingly used, according to recent research. A year ago, 87 percent
Left-wing Podemos has won its battle with coalition partners PSOE (socialists) to bring back an optional nationwide ‘payment holiday’ on mortgages and rent. Economy minister Nadia Calviño has agreed to
Spain’s stock market has experienced its best month in history, closing November with a record increase, according to market data. The Bolsa, as the national share price index is known
A majority of CaixaBank’s shareholders have voted in favour of a merger with partially State-owned entity Bankia – the result of which would be the largest financial firm on the
More information has come to light regarding forced UK account closures for expats living in the EEA. Barclays has now stated that it will be closing all bank accounts (including
A number of large British banks are set to stop serving UK citizens resident in the EU as the government has not yet negotiated post-Brexit rules. Tens of thousands of
