Finance – Euro Weekly News https://euroweeklynews.com News and views in English since 1998 Thu, 14 May 2026 15:01:10 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://euroweeklynews.com/wp-content/uploads/2022/02/cropped-EuroWeeklyNews-Favicon-2-60x60.png Finance – Euro Weekly News https://euroweeklynews.com 32 32 Seasonal surge: the growing divide in Spain’s rental market https://euroweeklynews.com/2026/05/15/seasonal-surge-the-growing-divide-in-spains-rental-market/ https://euroweeklynews.com/2026/05/15/seasonal-surge-the-growing-divide-in-spains-rental-market/#respond Fri, 15 May 2026 03:15:52 +0000 https://euroweeklynews.com/?p=569098 When spring turns to summer, three things are guaranteed in Spain: warm weather, tourists arriving in droves and short-term seasonal rentals flooding the real estate market. For visitors, short term rentals are a more appealing alternative to hotels, offering more independence and oftentimes a cheaper rate. For locals, it’s a frustrating phenomenon that vastly impacts their ability to find…

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]]> https://euroweeklynews.com/2026/05/15/seasonal-surge-the-growing-divide-in-spains-rental-market/feed/ 0 The World Cup hasn’t started yet but countries are already losing https://euroweeklynews.com/2026/05/08/the-world-cup-hasnt-started-yet-but-countries-are-already-losing/ https://euroweeklynews.com/2026/05/08/the-world-cup-hasnt-started-yet-but-countries-are-already-losing/#respond Fri, 08 May 2026 11:00:02 +0000 https://euroweeklynews.com/?p=568570 This summer 48 countries are set to compete in the World Cup in what is expected to be the most successful edition yet, but before the tournament gets underway, FIFA have upped each country’s pay. Ahead of the 2026 World Cup, set to take place across the United States, Mexico and Canada, FIFA have increased payments to the competing international teams by 15 per cent. This takes the total pay…

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]]> https://euroweeklynews.com/2026/05/08/the-world-cup-hasnt-started-yet-but-countries-are-already-losing/feed/ 0 Has going to the pub become a luxury in the UK? https://euroweeklynews.com/2026/05/07/has-going-to-the-pub-become-a-luxury-in-the-uk/ https://euroweeklynews.com/2026/05/07/has-going-to-the-pub-become-a-luxury-in-the-uk/#respond Thu, 07 May 2026 03:10:16 +0000 https://euroweeklynews.com/?p=568468 There’s few thing Brits love more than their pubs, but the beloved pub industry is dying. On average, two establishments close their doors for good each day. In the first quarter of 2026, 161 pubs have ceased trading, a 26 per cent increase to the same period in 2026. This sharp rise highlights the accelerating pressure on what has long been a cornerstone of British social life.

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]]> https://euroweeklynews.com/2026/05/07/has-going-to-the-pub-become-a-luxury-in-the-uk/feed/ 0 Currency outlook: Middle East uncertainty continues to stoke currency market volatility https://euroweeklynews.com/2026/05/06/currency-outlook-middle-east-uncertainty-continues-to-stoke-currency-market-volatility/ https://euroweeklynews.com/2026/05/06/currency-outlook-middle-east-uncertainty-continues-to-stoke-currency-market-volatility/#respond Wed, 06 May 2026 07:00:28 +0000 https://euroweeklynews.com/?p=568288 EUR/GBP: Down from £0.87 to £0.86 EUR/USD: Down from $1.15 to $1.11 The euro trended broadly higher through the first half of April, underpinned by hawkish European Central Bank (ECB) policy bets and hopes that Hungary’s new administration will pursue a less antagonistic relationship with the EU. EUR sentiment was then moderated through the latter half of the month amid lacklustre GDP and…

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]]> https://euroweeklynews.com/2026/05/06/currency-outlook-middle-east-uncertainty-continues-to-stoke-currency-market-volatility/feed/ 0 Spain prepares for record-breaking summer https://euroweeklynews.com/2026/04/27/spain-prepares-for-record-breaking-summer/ Mon, 27 Apr 2026 07:53:18 +0000 https://euroweeklynews.com/?p=567581 Spain is set to reinforce its position as one of the world’s leading travel destinations as the 2026 summer season approaches. Following a record-breaking 2025, the country continues to attract millions of visitors thanks to its diverse cultural heritage, reliable climate and well-developed tourism infrastructure. With shifting global travel patterns and strong early indicators…

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]]> Euro banknotes new design plan features Don Quixote author Cervantes in proposal https://euroweeklynews.com/2026/04/25/euro-banknotes-new-design-plan-features-don-quixote-author-cervantes-in-proposal/ Sat, 25 Apr 2026 21:52:29 +0000 https://euroweeklynews.com/?p=567516 Spanish writer Miguel de Cervantes, best known as the author of Don Quixote, has been linked to discussions around the possible redesign of euro banknotes, according to the European Central Bank his name has been proposed in connection with the €50 note, which is the most widely used denomination across the eurozone in everyday transactions. The suggestion places one of Spain’s most recognisable…

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]]> Spain’s investment appeal slumps as country falls over debt and jobs fears https://euroweeklynews.com/2026/04/19/spains-investment-appeal-slumps-as-country-falls-over-debt-and-jobs-fears/ https://euroweeklynews.com/2026/04/19/spains-investment-appeal-slumps-as-country-falls-over-debt-and-jobs-fears/#comments Sun, 19 Apr 2026 11:18:56 +0000 https://euroweeklynews.com/?p=566906 Spain has fallen to 15th place in a global ranking of the countries considered most attractive for foreign direct investment, according to the 2026 Foreign Direct Investment Confidence Index published by consultancy Kearney. The country was ranked 11th a year earlier, marking a four-place decline. The index is based on a survey of more than 500 senior executives from large international…

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]]> https://euroweeklynews.com/2026/04/19/spains-investment-appeal-slumps-as-country-falls-over-debt-and-jobs-fears/feed/ 1 Brits swap sunshine for a staycation as travel coasts soar https://euroweeklynews.com/2026/04/17/brits-swap-sunshine-for-a-staycation-as-travel-coasts-soar/ Fri, 17 Apr 2026 03:00:16 +0000 https://euroweeklynews.com/?p=566712 Holidays remain a cherished annual tradition for many, offering a chance to relax, explore and spend quality time with loved ones. However, a combination of ongoing global conflicts and the cost of living crisis is increasingly forcing travellers to rethink their plans. Recent data highlights a notable shift in consumer behaviour, with more people delaying or cancelling trips altogether.

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]]> Amazon vs Starlink: Globalstar acquisition intensifies satellite internet race https://euroweeklynews.com/2026/04/16/amazon-vs-starlink-globalstar-acquisition-intensifies-satellite-internet-race/ Thu, 16 Apr 2026 14:45:07 +0000 https://euroweeklynews.com/?p=566717 Amazon are shooting for the stars with the announcement of its latest acquisition: Globalstar, a mobile satellite operator. This deal, worth approximately €10.5 billion, will add two dozen satellites to Amazon’s fledgling fleet and significantly accelerate its ambitions in the direct-to-device connectivity market. Global shareholders will receive either a cash payment of €75 or 0.3210…

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]]> Universal Music Group takeover bid: Bill Ackman offers €55bn https://euroweeklynews.com/2026/04/09/universal-music-group-takeover-bid-bill-ackman-offers-e55bn/ Thu, 09 Apr 2026 07:56:15 +0000 https://euroweeklynews.com/?p=566068 Universal Music Group (UMG) has received a takeover offer from investment company Pershing Square. The US company, led by billionaire investor Bill Ackman, has proposed a cash and shares offer with a value of approximately €30.40 per share, representing a significant premium on the company’s recent trading price. Experts estimate the total value of the deal to be around €55.8 billion.

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]]> Currency outlook: War in the Middle East drives volatility in EUR, GBP and USD https://euroweeklynews.com/2026/04/06/currency-outlook-war-in-the-middle-east-drives-volatility-in-eur-gbp-and-usd/ Mon, 06 Apr 2026 07:00:32 +0000 https://euroweeklynews.com/?p=565264 EUR/GBP: Down from £0.87 to £0.86 EUR/USD: Down from $1.18 to $1.16 The euro faced significant pressure through March, as Europe is thought to be particularly exposed to the energy price crisis sparked by the war in the Middle East. EUR sentiment was also undermined by the notion that, as inflation in the Eurozone was below target prior to the war, the European Central Bank (ECB) might…

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]]> Spain could become major “war metal” producer as tungsten prices surge 520% https://euroweeklynews.com/2026/03/19/spain-could-become-major-war-metal-producer-as-tungsten-prices-surge-520/ Thu, 19 Mar 2026 14:48:54 +0000 https://euroweeklynews.com/?p=564380 Households and industries worldwide are feeling the strain of rising prices amidst conflict in the Middle East. In addition to ever day household items doubling in price, critical military materials are also experiencing a price hike. One of the most striking examples is tungsten, often referred to as a “war metal”, whose price surge is being driven by conflict, restricted trade…

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]]> Axel Springer expands media empire with £575m Telegraph takeover https://euroweeklynews.com/2026/03/13/axel-springer-expands-media-empire-with-575m-telegraph-takeover/ Fri, 13 Mar 2026 08:47:57 +0000 https://euroweeklynews.com/?p=563802 Axel Springer has reached an agreement to purchase an iconic British institution, The Telegraph. The all-cash deal for the Telegraph Media Group is valued at approximately £575 million and includes ownership of the Daily and Sunday Telegraph. These media outlets will join Axel Springers impressive portfolio, which includes owns Europe’s biggest newspaper, Bild, as well as digital brands such as…

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]]> Euribor spikes to 11-month high: What it means for households in Spain https://euroweeklynews.com/2026/03/09/euribor-spikes-to-11-month-high-what-it-means-for-households-in-spain/ Mon, 09 Mar 2026 15:37:43 +0000 https://euroweeklynews.com/?p=563442 The Euribor, the main benchmark interest rate used by banks across the eurozone, has risen to its highest level in 11 months as markets react to fears that inflation could climb following geopolitical tensions involving Iran. This increase affects all residents in Spain who borrow or use credit, including homeowners, renters, businesses, and consumers with personal loans or credit cards.

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]]> Work contracts in Spain explained: Permanent, temporary and seasonal jobs https://euroweeklynews.com/2026/03/07/work-contracts-in-spain-explained-permanent-temporary-and-seasonal-jobs/ Sat, 07 Mar 2026 22:01:50 +0000 https://euroweeklynews.com/?p=563321 Spain’s labour market offers several types of employment contracts, each designed for different working arrangements and business needs. The system is governed primarily by the Workers’ Statute (Estatuto de los Trabajadores), which outlines the rights and obligations of both employers and employees. While recent labour reforms have simplified the structure of contracts, several distinct forms of…

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]]> The rise of Gen Alpha and its impact on the retail market https://euroweeklynews.com/2026/03/05/the-rise-of-gen-alpha-and-its-impact-on-the-retail-market/ Thu, 05 Mar 2026 16:48:00 +0000 https://euroweeklynews.com/?p=563175 Gen Alpha, those born between 2013 and 2025, is the largest generation globally, representing 24 per cent of the population. While most of Gen Alpha is still in primary school, they already have a strong hold on retail markets. In fact, by 2028 their collective spending power will exceed the trillion-euro mark, according to Colliers. This rapid growth in influence is already shaping how…

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]]> Currency outlook: Pound pressured by dovish BoE bets, US dollar rebounds from multi-year lows https://euroweeklynews.com/2026/03/04/currency-outlook-pound-pressured-by-dovish-boe-bets-us-dollar-rebounds-from-multi-year-lows/ Wed, 04 Mar 2026 08:51:50 +0000 https://euroweeklynews.com/?p=562873 EUR/GBP: Up from £0.86 to £0.87 EUR/USD: Down from $1.19 to $1.17 The euro remained well supported over the past month, buoyed by robust Eurozone GDP figures and the European Central Bank’s (ECB) hawkish policy outlook. However, the single currency’s upside potential was ultimately capped amid a lack of progress in Ukraine-Russia peace talks. Looking ahead, the euro may continue to move…

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]]> Billions at risk as teen social media ban threatens big tech https://euroweeklynews.com/2026/03/04/billions-at-risk-as-teen-social-media-ban-threatens-big-tech/ Wed, 04 Mar 2026 08:00:12 +0000 https://euroweeklynews.com/?p=562989 Following Australia’s monumental decision to ban social media to those under 16, other governments are considering following in their footsteps. However, this ban affects more than just the teenagers as big tech companies will feel their absence acutely. With the rise of the internet came the rise of digital marketing. Billboards were ditched for pop up ads and sponsored content. In 2025 Meta…

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]]> Fill up now! Analysts say petrol prices will surge as Iran conflict threatens Strait of Hormuz oil route https://euroweeklynews.com/2026/03/01/fill-up-now-analysts-say-petrol-prices-will-surge-as-iran-conflict-threatens-strait-of-hormuz-oil-route/ Sun, 01 Mar 2026 16:30:31 +0000 https://euroweeklynews.com/?p=562772 The escalating US-Israel war with Iran has triggered a major disruption in global oil supplies, with major shipping companies diverting tankers away from the Strait of Hormuz, the narrow chokepoint carrying about 20 per cent of the world’s petroleum. As soon as the stock exchanges open on Monday morning, March 2, the price of crude oil is expected to sky-rocket, which will have an almost immediate…

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]]> Overworked, underpaid: Spanish employees work millions of unpaid overtime hours https://euroweeklynews.com/2026/02/26/overworked-underpaid-spanish-employees-work-millions-of-unpaid-overtime-hours/ Thu, 26 Feb 2026 07:00:06 +0000 https://euroweeklynews.com/?p=562458 Spain’s labour market has come under the microscope as of late, as union research revealed widespread unpaid overtime across multiple sectors. The findings highlight a structural workplace issue. Hundreds of thousands of employees have been affected, as concerns about salaries, mental health and labour law compliance rise. According to the CCOO, Spanish employees worked a total of 2.5…

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]]> Reddit fined £14m for failing to protect children https://euroweeklynews.com/2026/02/25/reddit-fined-14m-for-failing-to-protect-children/ Wed, 25 Feb 2026 12:09:02 +0000 https://euroweeklynews.com/?p=562422 The UK’s watchdog, the Information Commissioners Office (ICO), has come down hard on social media platform Reddit. The company has been fined £14.47 million for failing to protect underage users, and for unlawful use of children’s personal information. The company has been accused of unlawfully sharing personal information of children under age 13. The ICO has found Reddit’s protocols to ensure…

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]]> Why Lagarde staying at the ECB could affect your mortgage, savings, and cost of living https://euroweeklynews.com/2026/02/20/why-lagarde-staying-at-the-ecb-could-affect-your-mortgage-savings-and-cost-of-living/ Fri, 20 Feb 2026 11:50:35 +0000 https://euroweeklynews.com/?p=561967 Speculation over Christine Lagarde’s future at the European Central Bank has eased after the ECB president signalled she is likely to remain in her role until the end of her term in 2027. While leadership rumours might seem distant from everyday life, stability at the ECB plays a direct role in shaping mortgages, savings, and the overall cost of living across Europe. The European Central Bank…

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]]> Spanish wineries face challenges as wine consumption falls https://euroweeklynews.com/2026/02/19/spanish-wineries-face-challenges-as-wine-consumption-falls/ Thu, 19 Feb 2026 12:02:30 +0000 https://euroweeklynews.com/?p=561870 Global wine consumption is slowing, and the impact is being felt at the very top of the industry. Two of Spain’s largest and most historic wineries, Codorniu and Bodegas Faustino, are currently up for sale. Despite posting record profits and strong operating results, both companies have struggled to attract buyers in an increasingly cautious market. The sharp slowdown in wine consumption…

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]]> HMRC pockets £246 million in recovered inheritance tax after crackdown https://euroweeklynews.com/2026/02/13/hmrc-pockets-246-million-in-recovered-inheritance-tax-after-crackdown/ Fri, 13 Feb 2026 11:59:08 +0000 https://euroweeklynews.com/?p=561323 HMRC are cracking down on unpaid or undervalued inheritance tax (IHT) as investigations into dodged tax rose from 3,793 cases to 3,977. New figures show that, as a result of these investigations, the tax man pocketed £246 million in recovered tax. Since 2020, the annual IHT take has risen more than 61 per cent to £8.3 billion. The original IHT threshold was set so only high-valued assets and…

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]]> Spain and UK Finance News Round-Up, February 13 https://euroweeklynews.com/2026/02/13/spain-and-uk-finance-news-round-up-february-13/ Fri, 13 Feb 2026 08:30:25 +0000 https://euroweeklynews.com/?p=561266 Spotify experienced a last-minute boost in the final three months of 2025 with 9 million paid subscribers joining the service. This is partly due to the service’s “Wrapped” feature, which provides users with an in-depth recap of their listening habits and allows Spotify to stay on top in a competitive streaming market. Spotify reported €3.7 billion in revenue from these three months alone.

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]]> Fast-fashion fight: H&M close 40% of Spanish shops https://euroweeklynews.com/2026/02/12/fast-fashion-fight-hm-close-40-of-spanish-shops/ Thu, 12 Feb 2026 16:38:43 +0000 https://euroweeklynews.com/?p=561263 The rise of extra-fast fashion brands is prompting one of Europe’s most prominent retail moguls, H&M, to scale back operations in Spain. Since 2019, the Swedish retailer has closed 69 shops across Spain, representing 40 per cent of its Spanish network. This reflects a broader global trend, as H&M struggles to compete with online-first fast fashion brands such as Shein and low-cost retailers like…

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]]> The Digital Euro is closer than you think, but will it change your daily life? https://euroweeklynews.com/2026/02/12/the-digital-euro-is-closer-than-you-think-but-will-it-change-your-daily-life/ Thu, 12 Feb 2026 09:24:42 +0000 https://euroweeklynews.com/?p=561205 Imagine paying for dinner, rent or a train ticket with a euro that exists only in digital form, issued directly by Europe’s central bank. That is the idea behind the digital euro, a project that is moving steadily through the EU system. It would not replace cash or your bank account, but it could add a new way to pay that feels familiar and different at the same time. Proposed by the European…

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]]> Spanish inheritance tax explained: What non-residents need to know in 2026 https://euroweeklynews.com/2026/02/10/spanish-inheritance-tax-explained-what-non-residents-need-to-know-in-2026/ Tue, 10 Feb 2026 11:23:11 +0000 https://euroweeklynews.com/?p=560738 Spanish inheritance tax for non-residents, formally called Impuesto sobre Sucesiones y Donaciones (ISD), is often described as unpredictable rather than complicated. The rules themselves are clear, but outcomes vary dramatically because Spain operates a hybrid system. ISD is a national tax, yet each of Spain’s 17 autonomous communities can apply its own reductions and bonifications.

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]]> Gold and silver crash rattles markets: Will the price continue to tumble? https://euroweeklynews.com/2026/02/07/gold-and-silver-crash-rattles-markets-will-the-price-continue-to-tumble/ Sat, 07 Feb 2026 16:33:07 +0000 https://euroweeklynews.com/?p=560753 A sudden fall in the gold price and silver price has unsettled markets and reignited debate about how reliable so-called safe-haven assets really are. After weeks of strong gains, both metals reversed sharply, wiping out billions in paper value and catching many retail traders off guard. The move has shaken confidence and highlighted how modern precious-metals trading is shaped by leverage…

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]]> Currency outlook: US dollar nosedives amid wider US selloff, Pound underpinned by positive UK data https://euroweeklynews.com/2026/02/07/currency-outlook-us-dollar-nosedives-amid-wider-us-selloff-pound-underpinned-by-positive-uk-data/ Sat, 07 Feb 2026 08:47:29 +0000 https://euroweeklynews.com/?p=560296 EUR/GBP: Down from £0.87 to £0.86 EUR/USD: Up from $1.17 to $1.18 Trade in the euro has been erratic over the past month, with EUR exchange rates fluctuating in response to US President Donald Trump’s renewed territorial ambitions for Greenland. Trump has claimed the US ‘needs’ Greenland for security reasons and suggested the US could use force to take the territory from Denmark…

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