Articles by The Corner

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The Corner
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.
aena airport

Still too early to talk about Aena’s investment plan without tariffs being defined in Dora III framework

Banc Sabadell | From the interview with the president of Aena (AENA), Maurici Lucena, we highlight: Regarding the 2027-2031 framework (Dora III), which is expected to be approved in September 2026 by the Council of Ministers, he comments that tariffs should increase moderately but less significantly than in 2026 (6.4% increase to €11.02/passenger), which according to the media can be interpreted as annual growth until 2032 of between 3% and…


Moeve

Moeve and Portugal’s Galp to integrate downstream businesses to create two energy and mobility platforms on Iberian Peninsula

Alphavalue/ Divacons | Formerly Cepsa, now Moeve, and Portuguese oil company Galp are negotiating the integration of their petrol stations and refineries (downstream businesses). The aim is to create two leading platforms in the Iberian Peninsula in energy and mobility. On the one hand, an industrial platform will be created with refining, trading, chemical and energy activities based on green molecules (biofuels and hydrogen), serving B2B customers with a competitive…


employment

Eurozone unemployment rate falls slightly to 6.3% in November

CdM | The unemployment rate fell slightly in November in the Eurozone, to 6.3%, one tenth below the previous month’s figure, but one tenth higher than the previous year’s figure, according to Eurostat, the statistical office of the European Union (EU). Across the EU, the unemployment rate stood at 6% in November, stable compared to October and higher than the 5.8% recorded in the same month in 2024. Compared to…


pdvsa

Brent falls 1.3% below $60/bbl after Trump announces Venezuela to sell 30-50 million barrels to US at market prices

Norbolsa | The price of Brent has fallen 1.3% in two sessions and dropped below $60/b after Trump announced his plan to sell 30-50 million barrels of blocked Venezuelan oil to the US ($2.8 billion). On the other hand, it is likely that Trump will meet with American oil companies on Friday to discuss entry and investment in Venezuela. While the market believes that reviving the sector in Venezuela will…


Amadeus lobby

Nine Lufthansa airlines plan to adopt Amadeus’ AI-native Nevio modular solutions

Link Securities | Amadeus (AMS) announced on Wednesday that Lufthansa Group (LHA-DE) is taking a leading role in the digital transformation of the industry, with nine of its airlines (including Austrian Airlines, Brussels Airlines, Lufthansa and Swiss) planning to adopt Amadeus’ AI-native Nevio modular solutions for Personalised Retail Sales, Ordering and Distribution Management. Amadeus Nevio, a next-generation modular solution, will provide airlines with flexible core technology, supporting transformation at their…


repsol refineria exterior

Repsol reportedly asks Trump to allow it to extract oil in Venezuela, even if it has to ship it to US

Alphavalue/Divacons | Repsol (REP) is meeting with the White House to clarify its future in Venezuela, according to a report in Thursday’s edition of the newspaper Expansión. Repsol has reportedly asked Trump to allow it to extract oil as Chevron has done, even if it has to take it to the United States. As we pointed out yesterday, the Spanish oil company is the Spanish company with the greatest economic…


Spanish banks credit lending

Government Caps Consumer Credit at 22%

To limit the cost of credit, the Government is using the APR (Annual Percentage Rate) as a reference, as this indicator reflects the final price paid by the customer, including all expenses associated with the loan. The APR offered by financial institutions may not exceed a specific maximum level, which will be set based on the average consumer credit rate published by the Bank of Spain, plus a margin depending…


airtificial robot salida bolsa

German automotive group awards Airtificial €7.8 million contract for three robotic assembly lines

Alphavalue/Divacons | As we reported on Monday, the Spanish technology company was awarded a €7.8 million contract to manufacture three intelligent robotic assembly lines for electric and hybrid vehicles for a German automotive group. The project includes design, manufacturing, integration and commissioning in Europe, with production at its plant in Manresa and start-up scheduled at the customer’s factory in Q4 2026, according to a communication to the National Securities Market…


Indra nuevita

Appeal to provisionally block €3 billion in 0% government loans for Indra and Escribano joint venture admitted for consideration

Banco Sabadell | The Supreme Court has admitted an appeal filed by Santa Bárbara Sistemas requesting the precautionary suspension of €3 billion in 0% loans granted by the government in October 2025 to the joint venture formed by IDR and Escribano Mechanical & Engineering (EM&E). These loans would be used to pre-finance the two main artillery programmes included in the government’s military modernisation strategy: wheeled howitzers (€1.181 billion) and tracked…


aena

Aena to propose raising airport charges between 3% and 5% annually for 2027-2031

Alphavalue/ Divacons | The airport operator will propose increases in airport charges paid by airlines of less than 6% until 2031, according to its president Maurici Lucena in Expansión. The company is in talks with airlines and the final fees will have to be approved by the Spanish government in September. The fee increase would help finance a €13 billion investment plan to expand airports that are approaching their capacity…