Saudi oil company Aramco earns $39.5 billion in the first quarter of the year
The state-owned firm is making the most of the international isolation imposed on its direct competitor, Russia, and raising production gradually
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
Brussels calling for awareness campaign to combat multi-million euro problem
Car-sharing service willing to provide income information on drivers to local tax authorities
Report recommends more deleveraging and finding alternative sources of funding