Marco Bianchi 
STMicroelectronics NV has significantly increased its data center revenue forecast to $1 billion for the year, driven by strong demand for AI infrastructure
European fintech firm Twinco Capital has completed a capital raise of €165 million ($190 million) combining a Series B equity round with a securitization fund to support its supply-chain financing operations.
Boris Vujcic, a Croatian official, took office as the new Vice President of the European Central Bank, succeeding Luis de Guindos from Spain who completed his eight-year term. Vujcic now occupies the office on the 40th floor of the ECB tower in Frankfurt, near the office of ECB President Christine Lagarde.
Alantra, a Spanish investment bank, has recovered from its stock market crisis and is leading sector gains. The recovery is driven by investor confidence in the bank’s new strategic plan.
The ECB reported that corporate credit growth in the eurozone reached its strongest level in three years, representing an important signal of economic dynamism as the central bank prepares for an expected interest rate increase.
ECB Vice President Luis de Guindos called for the Spanish State to divest its stake in CaixaBank, emphasizing that European banking’s strength lies in its solvency. He also suggested regulatory simplification is possible.
Spanish stock market report covering strong performance of major companies in May. ArcelorMittal, Indra, IAG, Acerinox and Amadeus showed gains ranging from 11% to 20.6%, with additional companies outside the Ibex index like Cox also advancing over 15%.
Analysts express moderate optimism regarding Inditex’s stock market performance, forecasting sales increases in the textile sector with approximately 9% upside potential.
Vanguard, the world’s second-largest asset manager with approximately $12 trillion in assets under management globally, has appointed Pablo Bernal to lead its Spanish operations starting in 2025. The Spanish office manages €20 billion in assets under management.
The European Commission is planning meetings with Anthropic PBC to gain more information about its Mythos artificial intelligence model and to negotiate access to this advanced AI tool for European use.