Duty-free for Oz and NZ

services trade amounting to AU$4.4 billion (€2.71 billion) in 2021­22.

A SURVEY of 1,000 people by the Prospect union found that 58 per cent wanted AI regulation in the workplace.

economic boost by driving bilateral trade up by 53 per cent with Australia and 59 per cent with New Zealand, the UK government said.

“Businesses up and down the country can now reap the rewards of our status as an independent trading nation,” Business

IBERDROLA recently put the finishing touches to its alliance with Norway’s sovereign fund, managed by Norges Bank Investment Management.

Iberdrola will hold a majority stake of 51 per cent in an agreement to invest in 1265 MW of new, renewable energy capacity inside Spain, of which 20 per cent will be wind­powered and 80 per cent produced by solar plants.

Both parties have now informed Spain’s National Securities Market Commission (CNMV) they have complied with all the legal requirements necessary for formalising the agreement.

This will be directed at speeding up decarbonisation in Spain and could be extended to other countries in future.

The portfolio of assets amounts to approximately €1.2 billion, which Iberdrola will control and manage, providing op­

Settling up

MORE than €28 billion has been withdrawn from Spanish banks since the beginning of this year for early repayment of mortgages and loans as interest rates rose. Another €17,000 billion was transferred to investment funds.

Addressing the General Council of Economists on May 31, Alejandra Kindelan, president of the Spanish Banking Association (AEB), emphasised that despite these withdrawals, deposits were double those of 2008.

It was also “too soon” to gauge the effects of rising interest rate, Kindelan said, although Spanish banks were “somewhat more protected from turbulence,” she added.

and Trade secretary Kemi Badenoch said.

“We can seize new opportunities, driving economic growth, innovation and higher wages.”

Trade between the UK and Australia was worth AU$10 billion (€6.077 billion) in 2022, with two­way

The UK is Australia’s 12th­largest trading partner and second ­ largest source of foreign direct investment, amounting to more than AU$1 trillion (approximately €6.098 trillion) in 2022.

New Zealand’s trade with the UK, its seventhlargest trading partner, amounts to an annual NZ$1 billion (€2.98 billion).

The UK estimates that the deal will add £800 million (€926 million) a year to its gross domestic product.