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Shutting Down Nuclear Power? It Is Not Possible

Fernando González Urbaneja | The conflict over the escalating price of electricity goes from bad to worse, from threat to threat and from one brag to another. The latest is the Nuclear Forum warning (perhaps threatening) to shut down the nuclear power plants that today provide almost a third of the electricity fed into the grid. A boastful threat, highly improbable, if not impossible. Nuclear management is too important for…

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Will Lagarde Dare To Move In Earnest?

JP Marín-Arrese | All was quiet on the ECB front for too long. Suddenly, last week it announced its intention to scale down the emergency asset-buying programme starting next month. While falling short of the tapering heralded weeks ago by Jerome Powell, it represents indeed a shift in the dull do-nothing approach followed for months and years. Once embracing quantitative easing, much later than other central banks, it proved unable…

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Five Predictions For The Future Of US Media

Nathan Meyer (Capital Group) | With remarkable speed, the COVID-19 pandemic has accelerated select investment themes across a number of industries. In my view as an equity analyst, nowhere is that truer than the media and entertainment sectors where technological advances and work-from-home trends are rapidly changing the landscape. For exmaple, streaming services such as Netflix, Disney+ and Amazon Video are the primary replacement for traditional pay TV bundles.

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“All Neighbouring Electricity Markets Have Been At Record Highs For Days. The Rules Are The Same Throughout Europe, And They Are Not Going To Change Them”

Almudena Díez | Red Electrica’s Director -Socorro Fernández Larrea- explains why the current price of electricity in Spain (140€ MW/h) has been at record highs for days: Q: How do you explain to consumers that the system can have such sharp fluctuations in the price of electricity that directly affect their pockets? A: Very easily, by telling the truth, if you like. The problem arises because the price of energy…

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“A Lot Of Things Are Not Defined. We Don’t Know What Is Green, What Is Brown…”

Fernando Rodríguez | “Nor do we know what rules the EBA is going to impose on these issues, or how some of the measures the ECB may take will affect capital ratios. So regulation is making it difficult for us to grow, because of all the limitations and all the capital requirements being imposed on us,” explains Ramiro Mato, chairman of the responsible banking, sustainability and corporate governance committee at Santander Bank: “For example, in Poland 70% of energy still comes from coal, and we cannot stop financing our customers all at once.”

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