Espana Bandera Mapa

Spain’s 4Q23 GDP figure confirms 2% annual growth, 1/10 of a percentage point higher than in previous quarter

In Spain, the final 4Q GDP data brings no news and confirms the +0.6% quarter-on-quarter growth, which puts the year-on-year advance at +2%, one tenth of a point above the previous quarter. This growth was entirely supported by domestic demand, which contributed +2.1 p.p. to GDP, while foreign demand retreated one tenth of a percentage point. In quarterly terms and analysing the data for the main demand aggregates, household final…

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Crédito y CauciónCrédito y Caución
Airbus

Airbus Defence and Space buys German public sector IT and cyber security company Infodas

Link Securities| The Airbus Defence and Space division of European aeronautics manufacturer Airbus (AIR) has reached an agreement to acquire Infodas, a German company that provides cybersecurity and IT solutions in the public sector, including defence and critical infrastructure, Europa Press reported. “With exponential cyber threats, along with the increasing digitalisation and connectivity of its products and systems, cybersecurity is a fundamental component of Airbus’ development,” the manufacturer said in…

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Banner CIR, junio 2022

Jerome Powell delivered an upbeat appraisal of the US economy

March madness in global monetary policy

Benoit Anne (MFS Investment Management) | Last week, we witnessed some rather unusual activity among major central banks. Indeed, one central bank—the Swiss National Bank—delivered a rate cut, while another—the Bank of Japan—announced a rate hike. Sightings of unsynchronized monetary policy actions at the major central bank level are less frequent than sightings of UFOs in New Mexico. Not only that, but we are starting to get the sense of…

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interviews

BOGAS

“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

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RepsolImaz 777x400 1

“An electric car in Germany today emits more CO2 than a diesel or a petrol car. That’s the reality, because 50% of electricity is generated with coal”

The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…

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