Economic journal of Spain's foreign business
Global news of interest to Spanish companies and executives in their international decision-making
Brazil's monetary authority has announced it is evaluating the interconnection of its instant payment system, Pix, with international platforms, as well as its integration into the credit market. This measure could significantly reduce operating costs and simplify treasury management for Spanish companies with interests in the Latin American market.
The tech giant Apple is testing memory components from the Chinese manufacturer ChangXin Memory Technologies (CXMT) for their future iPhones y MacBooksThe decision, which seeks to diversify its supply chain, comes amid heightened trade tensions between Washington y Pekín under the current administration Trump.
Ottawa and Washington have begun discreet talks on possible relief from the tariffs imposed by the Trump administration. Sources close to the negotiations indicate that Canada would be willing to make concessions in about ten areas of priority for the US, a move being closely watched in Europe for its potential repercussions on transatlantic trade relations.
Sugar production in the European Union is heading for its lowest level in ten years, coinciding with an already tight global supply. This scenario anticipates increased costs for the Spanish agri-food industry and puts upward pressure on inflation, directly impacting supply chains and export competitiveness.
A naval blockade implemented by the Trump Administration has effectively halted the flow of Iranian crude oil from the key terminal on Kharg Island, bringing its exports to a standstill and generating an immediate shockwave in global energy prices.
The El Niño weather phenomenon, which is shaping up to be one of the most intense since 1950, threatens to cause serious disruption to global agricultural commodity supply chains. The resulting risk of shortages and price volatility exerts direct inflationary pressure on the global economy and, specifically, on key sectors of Spanish industry.
Washington has announced a 15% tariff and a minimum price on imports of polysilicon, a key raw material for solar panels and semiconductors. The measure, which will take effect in December, aims to protect the US domestic industry from Chinese dominance and could distort the European market, impacting Spanish companies.
The British government announced a new package of restrictive measures on Thursday against six Russian banks, six oil tankers, and four industrial companies. The action aims to stifle energy revenues that finance the military offensive in Ukraine, with a particular focus on the so-called "ghost fleet" that operates outside regulated markets.
US automotive giant General Motors has renewed its joint venture with Chinese state-owned manufacturer SAIC Motor for another 20 years. The decision, which comes after a period of restructuring and amid trade tensions between Washington and Beijing, reinforces its long-term commitment to the Chinese market and creates new competitive pressures for the European automotive sector and Spanish automotive suppliers.
The government in New Delhi is preparing an extension of tax benefits for technology equipment suppliers, a measure designed to accelerate the relocation of production from China and directly impact global logistics routes to Europe.
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