Spain And Uk Finance News Round-up, July 18

UK Export Finance

UK Export Finance (UKEF) completed its first charismatic sojourn to Turkmenistan from June 23–27, 2025, holding high-level talks pinch cardinal ministries and financial institutions.

The sojourn explored up to £5 cardinal (€5.85 billion) successful imaginable UKEF-backed projects crossed infrastructure, energy, and greenish sectors.

According to nan British Embassy successful Ashgabat, this marks a caller section successful UK–Turkmenistan waste and acquisition ties and paves nan measurement for deeper economical cooperation.

Barclays fined

The Financial Conduct Authority has fined Barclays Bank £42 cardinal (€49 million) for failing to decently show high-risk clients, including Stunt & Co and WealthTek.

Barclays allegedly facilitated nan activity of costs linked to money laundering, pinch £39.3 cardinal of nan good tied to Stunt & Co. The FCA said 1 basal cheque would person revealed WealthTek wasn’t authorised to clasp customer money.

Barclays said it co-operated afloat and has strengthened its anti-financial crime systems.

UK institution crackdown

A multi-agency UK crackdown has resulted successful 11,500 companies being struck disconnected nan Companies House registry for breaching anti-money laundering rules.

The National Crime Agency, HMRC, Companies House, and constabulary recovered high-risk firms linked to clone addresses, ammunition activity, and criminal networks.

Thirty spot and institution work providers are facing enforcement, pinch important criminal spot now nether investigation. Officials opportunity nan reforms will thief protect nan UK system from abuse.

Grupo IFA

GRUPO IFA grew Spanish income by 5.6 per cent to €19.2 cardinal successful 2024, contributing €11.2 cardinal to Spain’s system – 0.7 per cent of GDP. With 6,406 stores and 90,000 labor nationwide, it remains Spain’s largest retailer by aboveground area, starring successful 23 provinces, including Madrid, Barcelona, and Seville.

CaixaBank funding

CAIXABANK, MicroBank, and Edinor are backing 20 Local Energy Communities crossed Spain pinch €18.5 million, aiming to proviso 20,000 homes and businesses pinch star energy. The task supports CO₂ cuts, power inclusion, and section ownership, helping Spain meet EU ambiance targets done community-led cleanable powerfulness initiatives.

UK savers

UK banks will interaction savers pinch low-interest rate accounts astir banal marketplace investments nether caller Treasury proposals. Backed by Chancellor Rachel Reeves, nan inaugural intends to boost economical growth, make investing much accessible, and revise consequence warnings. But experts pass it whitethorn summation fraud risks.

Madhya Pradesh

MADHYA PRADESH CM Dr Mohan Yadav met Spanish investors successful Madrid, sparking liking successful integrated food, greenish energy, aviation, and integer media. Nature Bio Foods and Grupo GranSolar are among those readying projects. The meetings purpose to boost jobs and business up of MP’s Global Investors Summit.

Venga successful Catalan

BARCELONA-BASED Venga has launched nan first-ever Web3 app successful Catalan, aiming to make crypto much accessible to Catalonia’s 10 cardinal Catalan speakers.

Already disposable successful Spanish and English, Venga’s multilingual crypto level now offers localised tools, tutorials, and exchanges tailored to location users.

CEO Michael Stroev said nan app is designed to consciousness “truly local.”

Bitcoin Jesus

Roger Ver, dubbed “Bitcoin Jesus”, has reportedly sued Spain successful a bid to artifact his extradition to nan United States complete alleged crypto taxation evasion, according to Bloomberg Law.

The lawsuit, revenge pinch nan European Court of Human Rights, claims Spain violated Ver’s ineligible protections and that extradition would restrict his correct to liberty.

BPA scandal

EIGHTEEN elder executives from Banca Privada d’Andorra (BPA) person been jailed for up to 7 years for laundering €70 cardinal for Chinese businessman Gao Ping, linked to organised crime. The tribunal banned them from banking, pinch apical execs fined millions. BPA was unopen down successful 2015.

Lefties relaunch

SPANISH manner elephantine Inditex will relaunch its fund marque Lefties successful France successful 2025. Born successful Spain, Lefties has been revamped pinch homeware lines and a caller image. The move is portion of Inditex’s world description strategy, positioning Lefties to rival Primark, Shein, and Temu successful affordable fashion.

Statistic of nan week

In Spain, immigrants gain connected mean 28–29 per cent little than native-born workers, moreover aft adjusting for education, age, sex, and region of employment.

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