Spain

Spain Strengthens Strategic Partnership with China Ahead of EV Tariff Vote

2 months ago

Spain has officially confirmed its strategic partnership with China in the face of an upcoming vote on electric vehicle tariffs, set to take place within the European Union. This move is seen as an attempt by the country to emphasize the importance of bilateral relations between the two nations, especially amidst the growing global competition in green technologies and the electric vehicle market.

Spain on the Brink of Moody's Credit Rating Upgrade

3 months ago

Spain, which has shown impressive economic indicators over the past few years, is nearing a possible upgrade of its credit rating, an achievement that could have significant implications for the country. Rating agency Moody's is considering revising Spain's creditworthiness in light of its sustained economic growth and decreasing national debt levels.

China and Spain Collaboration in Artificial Intelligence: A New Step Towards a High-Tech Future

3 months ago

In a recent statement made by Chinese President Xi Jinping, the importance of deepening relations between China and Spain in the field of high technology and artificial intelligence was highlighted. Xi made these comments during a video call with Spanish Prime Minister, where they discussed pressing issues of international cooperation and technology exchange.

Spain Appoints Núñez as Deputy Governor of Central Bank

3 months ago

The Spanish government has announced the appointment of Pablo Núñez as the new deputy governor of the country's central bank. This decision was made public by the government spokesperson following a cabinet meeting. Núñez, who previously held the position of chief economist at the central bank, will carry out his duties under the guidance of the governor. His experience and knowledge in macroeconomics are expected to significantly benefit the management of Spain's monetary policy, particularly amid the current economic challenges facing the nation.

Chinese Company Envision Energy Launches $1 Billion Green Hydrogen Park Project in Spain

3 months ago

Chinese company Envision Energy is initiating an ambitious project in Spain, planning to invest $1 billion in a new green hydrogen park. This move aims to further develop clean technologies and promote the sustainable energy transition in Europe. The park will not only be involved in hydrogen production but also in the infrastructure creation that supports the reduction of carbon footprint and ensures long-term ecological sustainability in the region.

Spain Appoints Iscriva as New Central Bank Governor

3 months ago

The Spanish government has decided to appoint José Luis Escrivá, a representative of the Spanish Socialist Workers' Party (PSOE) and the current Minister of Institutional Affairs, as the new governor of the country's central bank. This appointment is expected to be confirmed in the coming days. To this end, Prime Minister Pedro Sánchez will approach the King of Spain with a request to appoint Escrivá, who has gone through various stages in his political career and is known for his active stance on economic policy issues.

Spanish Inflation Hits One-Year Low as ECB Poised to Cut Rates

3 months ago

Recent data released by the Spanish National Institute of Statistics indicates a significant decline in inflation levels in Spain, which fell to one of the lowest points in the past year. In August 2024, the year-on-year inflation rate was 2.4%, marking a reduction of 0.4% compared to the previous month. This news is welcomed by economists and analysts who are anticipating that the European Central Bank (ECB) will soon make a decision to lower interest rates to stimulate economic growth.