AGP Executive Report
Last update: 12 hours agoBanking Watch: BBVA says Q2 net profit rose 11.4% to €3.06bn, helped by Mexico’s 22.8% growth and higher lending income, while provisions increased but the “cost of risk” fell; the bank also announced a €2bn share buyback. Macro Pulse: Spain’s economy grew 0.7% quarter-on-quarter in Q2 (0.6% prior), slightly above forecasts, with annual GDP up 2.7% as tourism stays a key support. Housing & Costs: May home sales fell 11.8% year-on-year to 55,761, while the average price per square metre rose 8.8% to €2,049, and mortgage signings slipped 4%. Tourism Policy: WTTC urges governments to shift from chasing visitor numbers to “destination stewardship” that prioritises resident satisfaction and shared benefits. Wildfire Reality Check: With burned area soaring, guidance highlights practical steps for protecting homes in at-risk zones as heat and blazes disrupt daily life and travel. Tech/Media: Spain’s consumer ministry orders platforms to remove 141 ads for rentals in occupied Palestinian territories. Space & Science Funding: Spain unveils a €1bn package to back La Palma’s bid for the Thirty Metre Telescope, contingent on the consortium choosing the Roque de los Muchachos site.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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