Finance – Euro Weekly News https://euroweeklynews.com News and views in English since 1998 Thu, 22 Oct 2026 21:12:26 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://euroweeklynews.com/wp-content/uploads/2022/02/cropped-EuroWeeklyNews-Favicon-2-60x60.png Finance – Euro Weekly News https://euroweeklynews.com 32 32 AI is logging into bank accounts – and banks are struggling to tell who’s in control https://euroweeklynews.com/2026/10/22/ai-is-logging-into-bank-accounts-and-banks-are-struggling-to-tell-whos-in-control/ https://euroweeklynews.com/2026/10/22/ai-is-logging-into-bank-accounts-and-banks-are-struggling-to-tell-whos-in-control/#respond Thu, 22 Oct 2026 21:12:26 +0000 https://euroweeklynews.com/?p=582099 It may not be the case for the average person with a savings account and nothing more, but other customers who have handed their online banking password to an AI assistant are breaking the rules at most banks, and some of those assistants have reportedly done things nobody asked for. Now America’s biggest banks are shutting them out, while those in Spain are running their own tightly controlled…

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]]> https://euroweeklynews.com/2026/10/22/ai-is-logging-into-bank-accounts-and-banks-are-struggling-to-tell-whos-in-control/feed/ 0 Spain leads stronger construction markets as European growth remains subdued https://euroweeklynews.com/2026/10/09/spain-leads-stronger-construction-markets-as-european-growth-remains-subdued/ Fri, 09 Oct 2026 08:20:49 +0000 https://euroweeklynews.com/?p=580609 Europe’s construction industry is facing another subdued year, with high financing costs, expensive materials and weak housing economics continuing to restrain activity. Spain is among the stronger performers, while infrastructure, renewable energy and railway projects are providing some support across the continent. Europe’s construction sector is expected to remain subdued in 2026…

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]]> Finance in brief: Construction pressure, energy savings and Europe’s investment outlook https://euroweeklynews.com/2026/10/08/finance-in-brief-construction-pressure-energy-savings-and-europes-investment-outlook/ Thu, 08 Oct 2026 08:17:05 +0000 https://euroweeklynews.com/?p=580593 Europe’s economy is sending mixed signals as construction struggles with high financing costs while renewable energy delivers major savings. Elsewhere, policymakers are examining everything from digital money and artificial intelligence to property investment and bond markets, while Japan and Australia are strengthening their financial ties. Europe’s construction sector is expected to remain…

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]]> Finance in brief: EV levies, euro pressure and the global money stories in focus https://euroweeklynews.com/2026/10/06/finance-in-brief-ev-levies-euro-pressure-and-the-global-money-stories-in-focus/ Tue, 06 Oct 2026 12:16:34 +0000 https://euroweeklynews.com/?p=580529 Trade tensions, government debt, energy support and frozen Russian assets are among the issues shaping the economic outlook this week. Britain is considering action on Chinese electric vehicles, France’s finances are weighing on the euro, and Italy is preparing for a larger deficit, while questions over wealth, jobs and the future of the cruise industry are also attracting attention.

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]]> Spain’s household wealth surges to €3.4 trillion as equities drive growth https://euroweeklynews.com/2026/10/05/spains-household-wealth-surges-to-e3-4-trillion-as-equities-drive-growth/ Mon, 05 Oct 2026 12:32:22 +0000 https://euroweeklynews.com/?p=580193 Spanish households saw their financial wealth rise sharply during 2025, with assets reaching €3.4 trillion and growth comfortably outpacing the wider Western European market. New figures also show equities taking an increasingly important place in household finances, while net financial assets continued to grow despite an increase in borrowing. Household financial wealth in Spain increased by…

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]]> AI borrowing, online growth and major Valencia battery investment https://euroweeklynews.com/2026/10/03/ai-borrowing-online-growth-and-major-valencia-battery-investment/ Sat, 03 Oct 2026 12:28:33 +0000 https://euroweeklynews.com/?p=580190 Technology, trade and investment dominate the latest round of European business news, with artificial intelligence driving fresh borrowing while e-commerce continues to expand. Elsewhere, new rules are affecting retailers and exporters, and Valencia is attracting a major investment in electric vehicle battery production. Meta is preparing to enter Europe’s bond market for the first time as it…

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]]> Finance in brief: Water investment, banking battles and Europe’s changing economy https://euroweeklynews.com/2026/10/01/finance-in-brief-water-investment-banking-battles-and-europes-changing-economy/ Thu, 01 Oct 2026 12:21:35 +0000 https://euroweeklynews.com/?p=580186 From new investment in Mediterranean water infrastructure to banking consolidation, government spending and changing payment habits, businesses and policymakers across Europe are facing a busy economic landscape. Here are some of the latest finance and business developments from across the continent and beyond. Meditteranean countries have now agreed to new measures to attract investment into…

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]]> The Spanish tax that non-resident owners forget and why 31st December matters https://euroweeklynews.com/2026/10/01/the-spanish-tax-that-non-resident-owners-forget-and-why-31st-december-matters/ Thu, 01 Oct 2026 08:00:47 +0000 https://euroweeklynews.com/?p=579967 Jon W. Olsen is an authorised colaborador social of the Agencia Tributaria and has been filing Modelo 210 returns for non-resident owners since 2006. Every autumn I take calls from people who have owned a place on the coast for ten or fifteen years and have just had a letter from the Agencia Tributaria. They have paid their IBI to the town hall without fail. They assumed that was the end of it.

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]]> Europe built the world’s greatest sports brands. Did it forget to protect the supply chains behind them? https://euroweeklynews.com/2026/09/08/europe-built-the-worlds-greatest-sports-brands-did-it-forget-to-protect-the-supply-chains-behind-them/ Tue, 08 Sep 2026 13:55:55 +0000 https://euroweeklynews.com/?p=578470 As manufacturers evolve into brands, Europe’s sporting goods industry may be confronting the most important supply-chain governance question since globalisation. When Adidas was founded in Herzogenaurach in 1949, competitive advantage was defined by innovation, craftsmanship and athletes. Seventy-five years later, competitive advantage looks very different. Today’s sporting goods industry is…

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]]> Wealth management for Americans in Spain https://euroweeklynews.com/2026/09/01/wealth-management-for-americans-in-spain/ Tue, 01 Sep 2026 16:04:10 +0000 https://euroweeklynews.com/?p=577925 Imagine a rock & roll band that spent nine years perfecting their live show. They know which song opens the night, how to transition to the one that brings the crowd to their feet before the break, and which song should close things out at the end. Their setlist, songs they’ll perform in the order they’ll play them, is perfect. It works every time. Then they book their first European tour.

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]]> Spain’s summer could leave economy up to €24bn poorer https://euroweeklynews.com/2026/08/31/spains-brutal-summer-could-leave-economy-up-to-e24bn-poorer-with-worse-to-come/ Mon, 31 Aug 2026 09:10:59 +0000 https://euroweeklynews.com/?p=577686 Spanish beaches were still packed this summer, but many of the tourists who sweated through the worst heatwaves are already less likely to come back. That reluctance is one reason economists estimate this summer’s extreme heat has cost Spain’s economy up to €24 billion, with far bigger bills forecast ahead. Spain’s tourism industry has long been considered one of the most resilient in Europe…

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]]> Spain thinks big: State-backed AI gigafactory targets €5 billion investment https://euroweeklynews.com/2026/08/29/spain-thinks-big-state-backed-ai-gigafactory-targets-e5-billion-investment/ Sat, 29 Aug 2026 13:48:07 +0000 https://euroweeklynews.com/?p=577557 Spain is the only European country bidding for an EU artificial intelligence gigafactory through a company almost half-owned by the state. The Spanish Society for Technological Transformation, known as SETT, holds 47.99 per cent of the project company, while the Catalan Government owns another 1 per cent. The project forms part of the wider European push to increase artificial intelligence…

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]]> No quick fix: Spain needs eight years to plug 740,000-home housing gap https://euroweeklynews.com/2026/08/28/no-quick-fix-spain-needs-eight-years-to-plug-740000-home-housing-gap/ Fri, 28 Aug 2026 13:47:14 +0000 https://euroweeklynews.com/?p=577555 Spain could need at least eight years to address its housing shortage, even if construction more than doubles from recent levels, according to the Real Estate Market Report 2026 from OBS Business School. The report estimates there is a deficit of around 740,000 homes. Since 2021, approximately 1.2 million new households have been created, compared with just 474,000 completed homes.

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]]> Finance in brief: Profits, markets, mortgages and the money stories making headlines https://euroweeklynews.com/2026/08/26/finance-in-brief-profits-markets-mortgages-and-the-money-stories-making-headlines/ Wed, 26 Aug 2026 16:15:54 +0000 https://euroweeklynews.com/?p=577424 Lego reported a net profit of 8.6 billion Danish crowns (€1.15 billion) for the first half of 2026, an increase of 32.3 per cent compared with the same period last year. Revenue reached a record 41.9 billion crowns (€5.6 billion), rising 21 per cent year-on-year, supported by strong sales across America, Western Europe, Asia Pacific and other regions. The Danish toy group said that its…

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]]> Foreign retailers dominate Spain’s online shopping as Temu and Shein expand https://euroweeklynews.com/2026/08/26/foreign-retailers-dominate-spains-online-shopping-as-temu-and-shein-expand/ Wed, 26 Aug 2026 12:49:37 +0000 https://euroweeklynews.com/?p=577395 Spain’s online shoppers are increasingly turning to foreign retailers, putting pressure on domestic businesses as international platforms including Shein and Temu continue to expand. According to a PATECO report, 65.1 per cent of online purchases made from Spain in 2025 went to websites or platforms based abroad. The trend is particularly strong in fashion, where 83.1 per cent of online…

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]]> A cross-border financial planner in Spain is like a Patent Attorney for your wealth https://euroweeklynews.com/2026/08/21/a-cross-border-financial-planner-in-spain-is-like-a-patent-attorney-for-your-wealth/ Fri, 21 Aug 2026 09:38:52 +0000 https://euroweeklynews.com/?p=576961 A car mechanic discovers what he thinks could be a breakthrough innovation for the auto industry. He rushes to the office of a well-known patent lawyer, an attorney who specialises in the legal protection of inventions and intellectual property. As the mechanic excitedly explains the discovery he hopes will make him a famous inventor, the patent attorney takes notes. He asks the mechanic questions.

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]]> Why your fuel and electricity bills are driving Spain’s worst inflation since 2024 https://euroweeklynews.com/2026/08/13/why-your-fuel-and-electricity-bills-are-driving-spains-worst-inflation-since-2024/ Thu, 13 Aug 2026 11:26:21 +0000 https://euroweeklynews.com/?p=576402 Diesel is up almost 16 per cent on a year ago and electricity by more than eight, yet the cost of a weekly food shop is actually easing. That contradiction sits behind Spain’s inflation figures for July, which climbed to 3.6 per cent, the country’s highest reading in two years. Spain’s National Statistics Institute (INE) confirmed on Thursday that annual inflation reached 3.6 per cent in July…

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]]> Mortgage revisions in Spain are landing €65 a month higher as Euríbor nears 3% https://euroweeklynews.com/2026/08/12/mortgage-revisions-in-spain-are-landing-e65-a-month-higher-as-euribor-nears-3/ Wed, 12 Aug 2026 11:11:37 +0000 https://euroweeklynews.com/?p=576294 The same loan that cost €845 a month a year ago now costs €910, and nothing about it has changed except the index it is tied to. Spain’s Euríbor has risen almost a full percentage point in 12 months and is closing in on 3 per cent for the first time since 2024. The 12-month Euríbor stood at 2.913 per cent on Tuesday August 11, leaving the provisional average for the month at 2.914 per cent.

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]]> What Revolut’s new French licence changes for account holders in Spain https://euroweeklynews.com/2026/08/11/what-revoluts-new-french-licence-changes-for-account-holders-in-spain/ Tue, 11 Aug 2026 10:49:55 +0000 https://euroweeklynews.com/?p=576161 More than six million people in Spain now bank with Revolut, yet not one of their euros is protected by the Spanish deposit fund. A licence granted in Paris on Monday August 10 could change which country stands behind that money. Revolut has served Spanish customers since 2023 through Revolut Bank UAB, Sucursal en España. Their branch registration brought Spanish IBANs…

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]]> Currency outlook: US dollar rocked by fresh hostilities in the Gulf, Pound stabilises as UK political risks fade https://euroweeklynews.com/2026/08/06/currency-outlook-us-dollar-rocked-by-fresh-hostilities-in-the-gulf-pound-stabilises-as-uk-political-risks-fade/ Thu, 06 Aug 2026 04:15:03 +0000 https://euroweeklynews.com/?p=575767 EUR/GBP: Down from £0.86 to £0.85 EUR/USD: Down from $1.14 to $1.13 The euro got off to a poor start in July, being pressured by some dovish signals from the European Central Bank (ECB). While subsequent signals from the ECB struck a more hawkish note, the single currency remained pressured by weak Eurozone inflation and concerns over European energy security. The focus now turns to upcoming…

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]]> The rising cost of Spain’s wildfires https://euroweeklynews.com/2026/08/04/the-rising-cost-of-spains-wildfires/ Tue, 04 Aug 2026 13:41:06 +0000 https://euroweeklynews.com/?p=575651 Spain’s devastating 2026 wildfire season has highlighted the growing financial and environmental impact of climate change. As thousands of hectares burn across the country, the cost of fighting increasingly severe wildfires is mounting rapidly. Once the flames have been extinguished and the smoke has subsided, the Spanish government will be left facing a hefty bill, with billions of euros…

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]]> Spain won the World Cup, but could the USA take a slice of the prize? https://euroweeklynews.com/2026/07/23/spain-won-the-world-cup-but-could-the-usa-take-a-slice-of-the-prize/ https://euroweeklynews.com/2026/07/23/spain-won-the-world-cup-but-could-the-usa-take-a-slice-of-the-prize/#comments Thu, 23 Jul 2026 09:35:32 +0000 https://euroweeklynews.com/?p=574611 Spain’s triumph over Argentina in the 2026 World Cup final was a major win for the country, boosting morale and cementing the national team’s reputation as one of the strongest squads in the world. Not only did the La Roja lift the coveted gold trophy, but the team also walked off the pitch with €43.7 million in prize money, the highest cash prize in the tournament’s history. However…

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]]> https://euroweeklynews.com/2026/07/23/spain-won-the-world-cup-but-could-the-usa-take-a-slice-of-the-prize/feed/ 2 How UK small businesses are meeting the demand for always-on customer service https://euroweeklynews.com/2026/07/22/how-uk-small-businesses-are-meeting-the-demand-for-always-on-customer-service/ Wed, 22 Jul 2026 16:23:32 +0000 https://euroweeklynews.com/?p=574589 The nine to five is losing its grip on customer service. Someone orders a lamp at 11pm, spots the wrong delivery address at midnight, and wants it sorted before breakfast. The big retailers taught people that this is normal, and the expectation does not shrink just because the seller is a two-person firm in Leeds rather than a national chain. The habit has numbers behind it. Ofcom found that UK…

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]]> Fewer Spaniards are drinking, and it’s costing the Treasury millions https://euroweeklynews.com/2026/07/09/fewer-spaniards-are-drinking-and-its-costing-the-treasury-millions/ Thu, 09 Jul 2026 15:11:33 +0000 https://euroweeklynews.com/?p=573527 Drinking culture in Spain has changed significantly in recent years. The combination of rising living costs and growing wellness trends has created a generation that prioritises sobriety over excessive drinking. According to a 2023 Ministry of Health report, 31 per cent of the population consumed alcohol at least once a week, down from 48.4 per cent in 2006. The report also found that younger…

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]]> The part of Spain offering a 60% tax break that most Costa expats cannot use https://euroweeklynews.com/2026/07/08/the-part-of-spain-offering-a-60-tax-break-that-most-costa-expats-cannot-use/ Wed, 08 Jul 2026 08:32:14 +0000 https://euroweeklynews.com/?p=573412 Skilled foreign workers moving to Bizkaia, the Basque province that includes Bilbao, could benefit from a proposed 50 per cent income exemption, rising to 60 per cent for under-36s. But the deal is still being processed, and comes with strict regional rules and a postcode catch many expats may miss. For British workers thinking about a move to Spain, the biggest financial pull may not be on…

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]]> Pound wobbles as Starmer resigns, US dollar strengthened by hawkish Fed repricing https://euroweeklynews.com/2026/07/03/pound-wobbles-as-starmer-resigns-us-dollar-strengthened-by-hawkish-fed-repricing/ Fri, 03 Jul 2026 07:00:43 +0000 https://euroweeklynews.com/?p=572901 EUR/GBP: Unchanged at £0.86 EUR/USD: Down from $1.16 to $1.13 The euro initially got off to a robust start in June, with the single currency being underpinned by the European Central Bank’s (ECB) interest rate hike. However, the single currency struggled to sustain this support amid renewed USD demand and subsequent comments from ECB President Christine Lagarde, which tempered bets for…

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]]> What to consider before making an ETF investment https://euroweeklynews.com/2026/06/29/what-to-consider-before-making-an-etf-investment/ Mon, 29 Jun 2026 12:26:51 +0000 https://euroweeklynews.com/?p=572716 Exchange-Traded Funds (ETFs) are one of the most popular investment options available today. They give investors easy access to many different assets without the high price tags seen in actively managed funds. But as user-friendly as these products are, finding an ETF investment for you is going to take some time and consideration. Here are a few things you should consider before making an ETF…

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]]> Millennials vs Gen-Z, which generation has it worst? https://euroweeklynews.com/2026/06/25/millennials-vs-gen-z-which-generation-has-it-worst/ Thu, 25 Jun 2026 16:30:54 +0000 https://euroweeklynews.com/?p=572487 Gen-Z and Millennials are constantly arguing over which generation had it best, or rather, which had it worst. A new report from the Resolution Foundation could add kindling to the fire, as they claim Gen-Z is better off financially, earning a higher wage than Millennials did at the same age. According to the Resolution Foundation, Gen-Z – those born between 1997 and 2012 – saw an increase in…

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]]> Victory lap: Formula One generates €300 Million in Barcelona https://euroweeklynews.com/2026/06/19/victory-lap-formula-one-generates-e300-million-in-barcelona/ Fri, 19 Jun 2026 11:30:07 +0000 https://euroweeklynews.com/?p=571895 All eyes were on Barcelona recently when Formula One arrived for another weekend of racing. While it may have been Lewis Hamilton topping the podium, if the weekend’s economic impact is anything to go by then the Catalan government was the real winner. According to data from Perk, when Formula One is in town hotel occupancy rises by 49 per and flight demand by 17 per cent.

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]]> Empty tables and closed doors: rising costs are forcing Britain’s restaurants to shut https://euroweeklynews.com/2026/06/15/empty-tables-and-closed-doors-rising-costs-are-forcing-britains-restaurants-to-shut/ Mon, 15 Jun 2026 03:30:47 +0000 https://euroweeklynews.com/?p=571376 Britain was once a foodie hotspot, but in recent years the scene has dropped off, and in some places disappeared entirely. Currently, the hospitality sector is losing three establishments a day. Bars and restaurants are drowning under rising taxes, high overheads and produce costs. The reinstatement of 20 per cent VAT and the abolishment of the 40 per cent business rate discount severely…

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