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Business
Spanish workers spend the equivalent of 231 days paying taxes, study says
Tax Freedom Day fell on 20 August, according to Fundación Civismo. The think tank says the average worker’s tax burden has increased by 54 days since 2018, partly because of higher social contributions and income tax thresholds failing to keep pace with inflation.
Business
Spain's housing crisis: Why young people are swapping cities for villages
13% of would-be homebuyers plan to move to towns with fewer than 10,000 residents. Often single 35-year-olds on average incomes, they see depopulated Spain as their only escape from a housing market that has shut them out.
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Russia
Russians pull billions from banks fearing Kremlin will seize savings for war
Russia's central bank reported that billions of roubles have been withdrawn from banks each month, as Russians pull out cash amid fears of the Kremlin seizing their savings to fund the war in Ukraine amid a deteriorating economy.
Europe News
Euroviews. Beyond the Shadow of 'Too Big to Fail': Moving Beyond Fragmentation
In an opinion piece for Euronews, Frédéric Oudéa, Chairman of Revolut Western Europe, says Europe should move beyond fragmented banking markets and create pan-European financial champions to finance innovation, defence and the green transition.
