Siemens Gamesa

Siemens Gamesa will supply 14 turbines to the Philippines after its first renewable energies auction

Link Securities | Siemens Gamesa said in a statement that it has finalised a new agreement with Acen Corporation for the supply of 14 SG 5.0-145 turbine units to the Philippines. The deal comes in the wake of the first renewable energies’ auction in that country. This order comes after the same client last year signed up for the country’s biggest wind energy project, the 160 MW wind farm Pagudpud…

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Stock markets

Spanish GDP Is Still Below Pre-Covid Levels, -3.2%, and So Are Corporate Profits, -6.2%

Spain’s GDP remains -3.2% below pre-pandemic levels, after its historic fall in 2020 (-10.8%). It is last in the EU in terms of GDP recovery and also in terms of business profits: Spanish companies are some 11 points below the European average and, together with Portugal (-6.3%), Spain is the country showing the worst rate of recovery in business profits, which are still 6.2% below pre-covid levels, according to the…

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Banner CIR, junio 2022

weltkarte

Economists See Ray of Hope for Political Situation in Almost All Regions of the World

IFO Insitute | The assessment of the political situation improved worldwide in the second quarter of 2022 according to the latest Economic Experts Survey (EES) – a global quarterly survey conducted by the IFO Institute and the Swiss Economic Policy Institute – which this time had 1,795 participants from 127 countries. At plus 10 points, they assessed political stability worldwide as significantly better than in the previous quarter. “Despite energy…

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interviews

fratzscher 1

“The Rise In Inflation Is Largely Due To Speculation. The ECB Will Not Be Able To Stop It By Raising Rates”

Lidia Conde (Francfort) | explains Marcel Fratzscher, president of the DIW (Berlin Institute for Economic Research) who headed the ECB’s International Economic Policy Analysis Department in 2008-2013. In an interview to be published in this month’s issue of Consejeros magazine, Fratzscher explains that “The ECB is habdicapped because it cannot tacle the problem by raising rates, neither this year nor the next”, which is why “I am not in favour…

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Dullien

“Politics Would Have To Intervene Whenever The Market Transfers Wealth Creation Out Of Europe In A Disproportionate Way”

Lidia Conde | Sebastian Dullien is Director of the IMK Düsseldorf. Q: Germans have spent 200 billion euros less since the beginning of the epidemic. Will all this money flow into consumption? A: Not all of it, but a considerable part will be spent. Studies conducted by our institute show that Germans are not only planning to buy new consumer durables such as cars, furniture or houses, but also to…

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