Author: staff
Published on 25/08/2026 – 9:05 GMT+2•Updated 13:29 Spaniards had to wait until 20 August this year to reach the so-called Tax Freedom Day — the point at which, according to one think tank’s calculations, the average worker has earned enough income to cover their taxes and social security contributions. According to a study by Fundación Civismo, a Spanish liberal think tank, the estimated burden was equivalent to 231 days in 2026, two more than last year. The foundation said the increase was not necessarily the result of explicit tax rises alone. When Pedro Sánchez became prime minister in 2018, the…
With the bloc racing to strike a deal on its budget before elections next year in France, Spain and Italy that risk turning the chance of agreement from difficult to nye-on impossible, the next four months are critical for the EU’s stability, Costa’s legacy and whether leaders like Merz and Stocker can prove to their voters that Brussels isn’t wasting their money.The leaders meeting in Berlin don’t just want the size of the budget to shrink by hundreds of billions of euros, they also want shift the way it is spent away from areas such as agriculture toward defense and…
Spanish police have revised down the number of minors recorded in Ceuta following the mass arrival of migrants from Morocco last month, after discovering duplicate entries in their databases. According to the Interior Ministry, some procedures involving the same child had been recorded as separate cases, inflating the overall figure. On 18 August, police said they had located, identified and placed 2,168 minors in the care of the Ceuta authorities since the mass arrival of people from Morocco on 30 July and up to 09:00 that morning. Following a review of the records, the figure now stands at around 1,500.…
By Christina Thykjaer & Euronews Published on 26/08/2026 – 20:24 GMT+2•Updated 21:02 A 5.1-magnitude earthquake struck Colombia on Wednesday, causing shaking in several areas in the centre and northeast of the country, including in the capital, Bogotá. The tremor comes just 16 days after a major 7.4-magnitude quakehit the nation, leaving more than 300 people dead. A preliminary report measured the new tremor at a magnitude of 5.4 on the Richter scale and the depth at 140 kilometres, but revised figures from Colombian Geological Survey (SGC) put it at magnitude 5.1 and at a depth of 149 kilometres. According to the SGC, the…
Washington is effectively asking every firm on the planet to choose between Iran and the American financial system. At a US Treasury press conference on Monday, Scott Bessent laid out a campaign he called an “economic onslaught” against Iran’s financial connections, and said he already expects “an announcement of a major financial institution being sanctioned by the end of this week”. The plan, dubbed Operation Economic Outcast, follows Bessent’s warning on Sunday of an “economic D-Day” for Tehran. The US Treasury designated close to 60 companies, individuals and vessels across several jurisdictions, including Chinese nationals, and suspended licences that had…
NATO arsenals have long been composed of high-tech, sophisticated missiles worth several million dollars each, which land forces, navies and warplanes have been firing against unmanned aerial vehicles worth just tens of thousands of dollars. Now, the main goal is to significantly reduce the so-called cost per kill, meaning how much money has been spent to neutralize a threat. Most recently, the French air force used costly missiles against cheap Iranian drones sent toward Gulf countries. French legacy arms companies such as MBDA, as well as startups including Alta Ares and Harmattan AI, are working on lower-cost, mass-producible weapons to…
Ireland is keeping the door open to nuclear power as a potential answer to the growing energy demand from data centres, even as the government insists its immediate energy strategy will remain firmly focused on renewables, an Irish government official told Euronews. “There is a need to consider all options (with decarbonising potential) in the long-term,” a spokesperson for the Irish Department of Climate, Energy and the Environment said. Political talks about the future of data centres are heating up in Dublin, the Silicon Valley of Europe. According to the country’s Central Statistics Office, data centres consume roughly 21% to…
Millions of Indonesians risk health complications from exposure to thick haze covering several cities and towns, officials said on Wednesday, as El Niño-fuelled wildfires wreak havoc on Borneo and Sumatra islands. Indonesia, a vast archipelago, has battled wildfires for weeks that have led to school closures and thousands of people requiring medical treatment, with smoke also reaching neighbouring Malaysia and Singapore. The health ministry said 3.4 million people living in seven provinces on Borneo and Sumatra were at risk of respiratory infections due to exposure. In Pekanbaru, the capital of Sumatra’s Riau province, thick smog forced the government to shutter…
Leonardo Maria Del Vecchio is stepping down from all his managerial roles at EssilorLuxottica to focus on new entrepreneurial projects. The 31-year-old fourth child of Luxottica founder Leonardo Del Vecchio has announced his resignation as chairman of Ray-Ban and as chief strategy officer of the Italian-French giant. The resignation, submitted in a letter to the group’s chairman and chief executive, Francesco Milleri, and to the board, will take effect on 31 August and follows those tendered last year by his half-brother, Rocco Basilico. In his letter, reported by Milano Finanza (MF), Del Vecchio addresses Milleri and speaks of a corporate…
Beloved British actor Tim Curry has died aged 80. A cause of death was not immediately available, though Curry had suffered from several health issues since a severe stroke in 2012 left him unable to walk. Best known for his role as Frank-N-Furter, the “sweet transvestite from transsexual Transylvania”, in the cult musical comedy The Rocky Horror Picture Show (1975), Curry was considered one of the most charismatic performers of his generation. Born in Cheshire, England, on 19 April 1946, Curry began his professional acting career in a 1968 West End production of the rock musical Hair shortly after graduating…