CAF has secured a contract in France for the rehabilitation of regional trains for 121.3 M€. According to the train builder, CAF was awarded the contract to rehabilitate 43 regional trains in France, which form part of those offering services in metropolitan Paris and the rest of the Île-de-France region, for a total of 121.3M€.
Articles by The Corner
Theresa May’s defeat in the British Parliament is historic with a gap of 230 votes (432 votes against 202 against). What can happen? We all have in mind a scheme with all the alternatives. Can Theresa May still be credible after her terrible defeat? We can imagine general elections but who will take the 10 Downing Street?
The Spanish economy capacity for financing abroad has contracted in annual terms to 2015 lows, points Bankia Estudios, in the process undermining the process of deleveraging when global indebtedness still remains at excessive levels.In the case of households, even if disposable income has seen a big increase as a result of the recovery in wages, the greater rhythm in consumption has led to a new fall in savings.
The rate of Spanish donors is the highest in the world, and its transplant system the best. In the last five years Spain has registered the greatest increase in donors since 1989, achieving in 2018 a rate of 48 donors for every million inhabitants, 2,243 in total, and for the 27th consecutive being the world leader in donations and transplants, according to the latest balance of activity from the National Transplant Organisation (ONT), presented this week by the Ministry of Health.
The flood of negative news about Italian banks continues. The shares of Banco Dei Paschi di Sienna (BMPS) fell -10.2% to 1.35€/share after receiving a request from the ECB to improve its solvency ratios. The central bank sees risks which affect the bank’s profitability and financing, but the Italian Economics Minister, Giovanni Tria, comments that “Italian banks do not have major problems”.
Finally, Britain’s House of Commons will vote on the divorce deal with the European Union, today at 19:00 local time. PM Theresa May postponed the vote, originally set for 11 December, due to its lack of support in parliament. Analysts at Julius Baer believe a failed deal will not inevitably lead to the hard no-deal Brexit that many fear. Furthermore, an alliance seeking a softer Brexit, or to abort Brexit, optionally using a second referendum, may take control of the process.
| When the dot-com bubble burst in 2000 it sent significant numbers of businesses to the wall. Investment banks had been encouraging enormous investment in dot-com ventures by launching Initial Public Offers (IPOs) allowing investors and entrepreneurs to cash in on vast fortunes by selling off shares in their companies.
Following a truly exceptional 2017, the growth of the euro area dropped down a gear in the first half of 2018. Although this raised some suspicion, it was attributed to temporary factors (colds, strikes, meteorology, etc.). However, the pace of growth in Q3 was much lower, and this has already triggered some alarms. In this article, CaixaBank Research will study to what extent should we be worried.
A combination of proper pension reforms, better allocation of state and private-sector assets, and greater utilization of new technologies can help China to defuse the demographic bomb and mitigate the ageing shock for its economy and society. Analysts at AXA IM briefly summarises the pillars of China’s pension system.
Germany is on track for a technical recession, like Italy. Growth should return in 2019, but slower EM means slower Germany.The main calls for 2019 suggested by the analysts of BoAML are the euro area inflation at 1.0% on average, tricky for the ECB but good for purchasing power. These following are their arguments: