Spain And Uk Finance News Round-up, November 27

Buy Now Pay Later

Buy Now Pay Later (BNPL) continues to grow successful nan UK, now making up 8 per cent of each online and in-store payments, according to caller information from UK Finance. The marketplace is expected to separator up to 9 per cent by 2030.

BNPL usage grew sharply successful 2024, pinch 25 per cent of UK adults utilizing it astatine slightest once, up from 14 per cent successful 2023.

Apprentice cap

SPAIN has approved caller rules capping really galore apprenticeship contracts companies tin person astatine once.

Workplaces pinch up to 10 unit whitethorn return 3 apprentices, those pinch 11–30 tin return seven, and those pinch 31–50 tin return 10. Companies pinch complete 50 workers will beryllium constricted to 20 per cent of their workforce.

Labour Minister Yolanda Díaz said nan betterment intends to extremity “abusive practices.”

Travel Planet x Iryo

FRENCH recreation guidance patient Travel Planet has signed a caller woody to administer Iryo’s high-speed obstruction services crossed its booking platforms, reports BTN Europe. The relationship is powered by Travel Planet’s tech limb Makitizy, which will besides connection Iryo contented done its white-label SaaS system.

Travel Planet said nan nexus will simplify train bookings and support greener recreation choices. Iryo, launched successful 2022, runs routes betwixt Madrid, Barcelona, Valencia, Alicante, Málaga, Seville, Zaragoza and Córdoba.

Green fashion?

A caller DW and EDJNet investigation shows awesome European manner brands are gathering only astir half of their ain sustainability promises. The study reviewed 468 commitments from 17 starring companies, covering emissions, materials and waste.

One successful 3 pledges has failed, while galore others are excessively vague to measure. Zalando missed astir targets reviewed, and respective luxury brands gave nary nationalist updates astatine all.

Experts opportunity stronger EU regularisation is needed.

Diamond funding

SPAIN has approved a €753 cardinal finance to support Diamond Foundry’s awesome description of its gem wafer accumulation successful nan country. The funding, provided done nan PERTE Chips programme, completes DF’s $2.77 cardinal scheme to turn its single-crystal gem (SCD) exertion successful Spain.

DF will summation SCD ingot maturation astatine a caller tract successful Trujillo, wherever building has begun connected 2 regular shifts, while wafer cutting and finishing will return spot successful Zaragoza.

The institution says its process turns methane into gem utilizing zero-emission energy, creating next-generation wafers for AI chips and electrical vehicles.

Aragón star deal

ZELESTRA has agreed a caller semipermanent powerfulness acquisition woody pinch Microsoft for cleanable power from 2 star farms now being built successful Zaragoza, Aragón. The Escatrón II and Fuendetodos II plants will supply 95.7 MW of powerfulness erstwhile completed.

As portion of nan agreement, section non-profit ECODES will person backing to support societal and biology projects successful Aragón. The money will thief grow sustainable infrastructure, amended organization services, and support susceptible groups.

Zelestra says nan business supports its world Education, Energy and Environment strategy, while Microsoft says it will thief meet its carbon-negative goals and use section communities.

Biomass boiler

BEL GROUP has a caller biomass boiler astatine its Navarra site, allowing nan mill to tally connected renewable power and trim 500 tonnes of CO₂ a year. It’s besides investing €1.5 cardinal to grow packaging lines, boosting The Laughing Cow accumulation by 15 per cent.

Bolt x Pony.ai

BOLT has announced a caller business pinch Pony.ai to present Level 4 autonomous mobility successful Europe. The collaboration will attraction connected real-world testing, information validation, and designing a afloat driverless experience, pinch CEO Markus Villig saying it will thief standard autonomous vehicles responsibly.

Trade meeting

SPAIN’S 30th Consultative Commission connected International Trade Negotiations met November 26. It reviewed EU–US waste and acquisition plans, relations pinch China and advancement connected Mercosur talks. The gathering besides announced a caller Office for Ukraine Reconstruction to support Spanish companies.

UK Budget

THE UK’s 2025 Budget promises awesome finance successful roads, housing, atomic energy, and nationalist services, pinch support for start-ups and younker employment. Critics statement rising spending pressures, reliance connected semipermanent projects, and questions complete delivery.

OECD warning

SPAIN’S system has grown 10 per cent since 2019 and is group for robust GDP maturation of 2.9 per cent successful 2025, nan OECD said. But it warned that pension pressures, taxation inefficiencies, and debased SME productivity frighten semipermanent stability.

Statistic of nan week

Overnight stays successful edifice establishments accrued by 1.3% successful October compared to nan aforesaid period successful 2024, reports INE.

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