Ignacio Fariza

The business magnate’s net value dropped significantly due to Tesla’s stock crash, while other tech chiefs also saw major losses, according to the Bloomberg Billionaires Index

The UK, Italy and Greece were the first to announce a specific levy on power giants, while Spain and Belgium recently proposed similar plans

The state-owned firm is making the most of the international isolation imposed on its direct competitor, Russia, and raising production gradually

The move will see the price of crude rise, in particular if the European Union follows suit. Seeking supply alternatives is currently a priority

Inflation is compounding the income gap in the country, with millions of workers struggling with the loss of purchasing power

Madrid says doing so would send the wrong signals to the financial markets as Europe works to achieve net-zero greenhouse gas emissions by 2050

Renewable sources already cover almost half of the country’s consumption needs – so far this year, they have contributed almost 47% of the total compared to less than 30% a decade ago

With diesel prices spiking, the sector is calling for urgent action from the government, which it accuses of ‘neglect’

The health crisis has affected households with lower incomes worse than others, and has increased the already-existing gap in Spanish society

Experts, however, strongly reject concerns that there will be power outages this winter caused by Algeria’s closure of the Maghreb-Europe Pipeline

With winter around the corner and the price of energy skyrocketing, Madrid has sent a minister to Algiers to seek assurances that supply will be guaranteed

A new report forecasts growth of 5% in 2021 and 4% in 2022, not enough to make up for this year’s historic contraction of 11.6%

The head of the international organization is worried about the effects of the coronavirus pandemic on developing economies, which lack the recovery tools of developed countries

Central bank announces its medium-term plan for an economy that contracted 5.2% in the first quarter

The central lender has charted several scenarios for recovery and has issued a warning that the Spanish economy will not return to pre-crisis levels until at least 2022

The unemployment rate could soar to nearly 21%, according to the organization’s ‘World Economic Outlook’ report of April 2020

The former World Bank economist talks to EL PAÍS about his mission to fight global poverty, and how to make capitalism fairer for everyone

Proponents of salary hikes for the country’s poorest have found unexpected allies in NAFTA partners

A bank glitch related to María Félix Nava’s advanced age prevented her from getting new account and card

Country is leading global exporter, but the environmental impact is proving increasingly costly

Widespread resentment toward Donald Trump and falling peso are the two main factors

Automation endangers model based on low-wage jobs and export of goods made in duty-free zones

But instability, a lack of diversification and economic woes pose a risk to future growth

Despite pledges, there’s been no per capita income convergence between Mexico and its trade partners

Trade deal could do with revision, says José Juan Ruiz of the Inter-American Development Bank

Letter signed by CEOs of Inditex, Iberdrola and Telefónica highlight importance of a united Europe