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IBEX, In Spain, Markets 4th March 2021

Telefónica Joins CDPQ To Create Fibrasil, A Neutral Fibre Wholesale Network Provider In Brazil

Upon completion of the transaction, Telefónica and Caisse de dépôt et placement du Québec will each hold 50% in FiBrasil under a co-control governance model. Telefónica Group’s 50% participation will be held through Telefônica Brazil (“Vivo”) and Telefónica Infra, the infrastructure arm of Telefónica Group, each holding a stake of 25%. Operating as a neutral wholesale company, FiBrasil is set to deploy and operate fibre-optic networks in selected mid-sized cities across Brazil outside the state of Sao Paulo.

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In Europe 26th February 2021

Pharmas To Produce 10 Bn Doses Of Covid-19 Vaccines By 2021, As EU Plans Vaccination Passport For The Summer

News about vaccines against coronavirus and the progress of vaccination campaigns globally are coming thick and fast. The production of vaccines is rising significantly as companies are working in shifts of 24 hours a day, seven days a week, said the pharmaceutical industry association Ifpma. On the other hand, the EU leaders have passed the creation of a digital vaccination certificate in order to exempt travelers from restrictions such as quarantines or PCR tests, an essential aspect in order to boost tourism. 

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merchbank
world growth

In the World, World economy 3rd March 2021

Is China the New Champion of Globalization?

Vittorio Emanuele Parsi & Valerio Alfonso Brun | On January 25, addressing a virtual World Economic Forum, China’s President Xi Jinping not only strongly advocated for a multilateral approach to the COVID-19 pandemic but insisted on the virtues and systemic benefits of free trade and globalization. Jeopardizing those elements may introduce conflict into the international system, Xi warned, clearly referring to, although not mentioning, the US. Can China credibly profess the virtues of globalization to achieve harmony and balance in an international system if it doesn’t adhere to international law?

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interviews

“Spain Has Not Had An Industrial Policy In The Last 20 Years, Maybe More”

Fernando Rodríguez | “Tourism, energy, food…In those sectors where we have people with a lot of knowledge and we are leaders, we should use the recovery funds to invest in technology to be stronger and more competitive. I think it is very difficult to transform a society from one day to the next and create companies that generate employment in sectors completely new. Our transformation must be gradual. We must take advantage of European funds to make an intelligent change of our strengths”, says Emma Fernández, board member of Metrovacesa, Asti and Axway.

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