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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

Relevant News Item 20th May 2025

Indra to carry out integral modernisation of ground-to-air communications system for Brazilian Air Force

Link Securities | Indra (IDR) has been selected by the Brazilian Air Force to carry out the integral modernisation of the country’s ground-to-air communications system, in a contract awarded by the Department of Airspace Control (DECEA) through the Commission for the Implementation of the Airspace Control System (CISCEA), according to the digital portal Bolsamania.com. The project contemplates the supply of more than 800 state-of-the-art radios that will optimise voice and…

European economy 20th May 2025

Eurozone final CPI confirms 2.2% in April and core rate 2.7% due to 4% rebound in services

CdM| The year-on-year inflation rate in the Eurozone remained stable in April at 2.2%, while in the European Union as a whole the rate moderated by one tenth of a percentage point compared to March, to 2.4% year-on-year, according to the second reading published on Monday by Eurostat and reported by Europa Press. According to data from the statistical office for the Eurozone, in April the price of energy recorded…

Spanish economy 20th May 2025

Spain to grow 2.6% in 2025 after public debt (103.5% of GDP) increases 3.3%

The Bank of Spain (BoE) published yesterday that the debt of all public administrations in Spain rose in March to €1.667 trillion. Compared to February, Spanish public debt grew by 1.3%, which represents an increase of €21.263 billion. In the last 12 months, Spanish public debt has grown in absolute terms by 3.3%, equivalent to €52.729 billion. This figure contrasts with the 2.6% growth expected for Spanish GDP by the…

European economy 19th May 2025

Eurozone posts €62-billion suplus in 1Q25 compared to €55 billion in 1Q24, exports and imports both up

Link Securities | Eurostat reports that, according to its first estimate of the data, the Eurozone’s trade surplus stood at €36.8 billion in March compared to €22.8 billion in March 2024. In March, exports of goods from the Eurozone to the rest of the world amounted to €279.8 billion, an increase of 13.6% year-on-year. On the other hand, imports from the rest of the world amounted to €243.0 billion, an…

In the World 19th May 2025

US rating downgrade to Aa1 from Aaa reflects “more than a decade-long rise in government debt ratios”, says Moody’s

Bankinter | Moody’s downgrades the US credit rating to Aa1 (Stable) from Aaa (Negative). According to the agency, it “reflects the increase over more than a decade in government debt and interest payment ratios to levels significantly above those of countries with similar ratings”. Analysis team’s view: It is the last of the three rating agencies to cut the triple-A; Fitch and S&P were already at AA+ Stable. S&P did…

In Spain 19th May 2025

House sales increase 40.6% year-on-year in March, totalling 62,808 transactions

According to figures from the National Institute of Statistics (INE), the sale of homes increased in March by 40.6% year-on-year, totalling 62,808 transactions. This represents the highest figure for this month since 2007, when over 74,000 sales were recorded. The sale of homes has now seen nine consecutive months of year-on-year increases. The year-on-year increase in home sales in March was a consequence of the rebound in transactions involving both…

Relevant News Item 19th May 2025

Aena passenger numbers accelerate to 6.3% in April, 5.2% increase accumulated so far this year

Bankinter | Passenger numbers accelerate to 6.3% in April (year-on-year) compared to 4.2% previously, supported by the ‘Easter effect’. Aena airports recorded 27.2 million passengers in April. This represents an increase of 6.3% year-on-year, compared to 4.2% in the previous month. This brings the cumulative increase for the year to date to 5.2%, compared to 4.7% previously. Bankinter analysis team’s opinion: Good news for Aena. Airport traffic continues to break…

Relevant News Item 16th May 2025

Basque consortium postpones entry into Talgo by one month to unblock financing of €116 million fine imposed by Renfe

Renta 4 | According to press reports, the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has not formalised its entry into Talgo’s capital within the deadline set, opening a one-month extension to close the deal. The main problem is obtaining financing to structure the operation since Renfe imposed a €116 million fine on Talgo for delays in the delivery of AVRIL trains. The…

World economy 16th May 2025

Trump’s fiscal plan includes proposal to increase debt by $4 billion

Norbolsa | Republicans introduce the fiscal plan in Congress, which includes the tax cuts promised by Trump during his campaign (making the tax cuts from the first term permanent; tax exemptions for tips, overtime, private education payments, pensions and local tax cuts). No estimate of the cost (revenue shortfall from the plan) has been provided, which they hope to offset with cuts to the Medicaid healthcare programme, other spending cuts…

Spanish economy 16th May 2025

‘Creditors’ contests grow by 12% up to April

According to the monitoring of insolvency proceedings published in the Official State Gazette (BOE) carried out by Iberinform, the business fabric registered a year-on-year decrease of -3.5% in business insolvencies in April. For the year as a whole, they accumulate an increase of 12% compared to the same period in 2024. A creditors’ contest is a judicial procedure designed to manage and administer the assets of a company that cannot…

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