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Spanish PM Pedro Sánchez appoints Carlos Cuerpo and Arcadi España to key economic roles amid crisis, formal handshake at Moncloa Palace press conference.
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Sánchez appoints Cuerpo first vice president and España finance minister

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Prime Minister Pedro Sánchez has appointed Carlos Cuerpo as first vice president and Arcadi España as finance minister to replace María Jesús Montero, who will run as PSOE candidate in the Andalusian elections on May 17. Sánchez keeps Economy and Finance separate, betting on technical profiles amid an economic crisis from the war in the Middle East.

Ba Shusong, former managing director and chief China economist at Hong Kong Exchanges and Clearing (HKEX), has not appeared in public recently and could not be contacted, according to two sources familiar with the situation. Mainland media outlets reported that he was missing, with speculation that he had been detained by authorities for an investigation. An HKEX spokesman confirmed Ba left the company in late 2025.

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Colombia's Ministry of Finance reported that Foreign Affairs, Education and Health had the highest budget executions at the end of February 2026, at 16%, 14.4% and 13.3% respectively. The overall average across sectors was 10.4%. Science, Technology and Innovation, Sports and Housing lagged with 2.7%, 2.5% and 1%.

With just one week left until the March 31 deadline for individual electronic tax returns for the 2025 tax year, Egyptian Tax Authority (ETA) head Rasha Abdel Aal urged taxpayers to submit promptly and utilize expanded free technical support amid the ongoing filing season that began January 1.

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Ecopetrol shares dropped 4.96% to $2,680 on the Colombia Stock Exchange on March 24, as the board debates Ricardo Roa's future as president after his imputation for alleged influence peddling. The USO union threatened a national strike if he is not removed. Analysts criticize the timing amid high oil prices.

At the shareholders' assembly, Grupo Cibest's CEO Juan Carlos Mora defended the Banistmo sale as a strategy to optimize capital and focus on more profitable businesses. Shareholders approved $4.3 trillion in dividends, a 15% increase from last year.

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HDFC Bank has engaged three law firms, including domestic and international ones, to investigate former chairman Atanu Chakraborty's sudden departure. The review will examine board meeting records and whistleblower complaints. The move seeks an objective assessment amid concerns over governance.

 

 

 

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