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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.

Spanish economy 24th June 2025

Indra falls almost 3% on stock market after Spain and NATO agree to defence spending of 2.1% GDP

Alphavalue/DIVACONS | Shares in the Spanish IT services and consulting company fell by 2.93% on Monday following the agreement reached between the Spanish government and NATO. This agreement exempts Spain from spending 5% of GDP on defence in exchange for meeting certain ‘capacity targets’ over the next four years. Specifically, Spain will spend 2.1% of GDP (compared to the current 2%, recently increased in April). Last week, Indra had already…

In Europe 24th June 2025

ArcelorMittal puts decarbonisation plans on hold at two German plants due to energy policy and regulatory environment

Morgan Stanley | Our analyst Alain Gabriel highlights two pieces of news from the steel sector that are delaying decarbonisation targets. ArcelorMittal has announced that it is putting its decarbonisation plans on hold at two German plants (Bremen and Eisenhüttenstadt) given the energy policy and regulatory environment. In addition, Arcelor has confirmed that it will not be able to meet its 2030 emissions intensity targets. It justifies this on several…

In Spain 24th June 2025

NATO Contradicts Sánchez, Denies “Exclusion Clause for Spain”

NATO does not believe Spain can fulfill its military capabilities by investing only 2.1% of its GDP in Defense. Secretary General Mark Rutte made this clear yesterday, stating that the country will have to spend 3.5%. The Alliance is “absolutely convinced” of this, he specifically pointed out, thus contradicting what Prime Minister Pedro Sánchez had claimed just hours earlier. To ensure that the Executive fulfills its responsibilities as a member…

Spanish economy 23rd June 2025

Home sales in Spain rise 2.3% in April to 54,318 transactions, highest April figure since 2008

Link Securities | According to figures released by the National Statistics Institute (INE) and published by Expansión newspaper, the number of home sales rebounded in April by 2.3% year-on-year to 54,318 transactions, the highest figure for this month since 2008. Home sales have now risen year-on-year for ten consecutive months. The year-on-year increase in home sales in April was due to both the upturn in transactions involving new flats, which…

In Europe 23rd June 2025

Inditex CEO says conditions not right for return to Russian market

Link Securities | Inditex (ITX) CEO Oscar García Maceiras said that conditions are not right for the owner of Zara to return to Russia, more than two years after it sold its local business following the invasion of Ukraine, according to the Inditex newspaper. When asked what circumstances would be right for the group to return to the market, the executive told the Financial Times that ‘an environment that is…

European economy 23rd June 2025

IAG estimates Capex of €6 billion and operating profit of €1.4 billion in Strategic Plan

Banc Sabadell | IAG (IAG) presented its strategic plan, ‘Flight Plan 2030’, for Iberia (25% of IAG’s capacity in 2024), with which it hopes to consolidate its position as leader in its main markets. We highlight the main messages: Capacity growth of 3/5% over the next few years, without specifying a period, with LatAm as the main market with expected growth of 5%.In the medium term (no specific period given),…

Spanish economy 22nd June 2025

Textile sector suffering: sales barely grow 0.17% in 2024

Bankinter | Sales in the textile sector in Spain stagnated in 2024 and 2025 is not expected to be ‘the year of recovery’. They grew by 0.17% to €11.04 billion, according to Acotex, the textile trade association. It forecasts heavy summer sales due to excess inventories, which will boost sales, but the end of the year faces high uncertainty. Analysis team’s view: Spending on clothing and discretionary consumption in general…

In Europe 22nd June 2025

Indra to implement A-CDM/i-AOP collaborative decision-making system at Helsinki Airport

Link Securities | The company has signed a strategic alliance with Finnish airport operator Finavia to implement its A-CDM/i-AOP collaborative decision-making system at Helsinki Airport, the country’s main airport, with the aim of optimising the management of airport ground operations and aircraft turnaround times before take-off. As part of the agreement, Indra will also be responsible for the maintenance and future development of the system until 2031. This project reinforces…

In the World 22nd June 2025

Global oil demand to peak at 105.6 Mbd in 2029 and fall slightly in 2030, supply to rise to 114.7 Mbd, IEA predicts

Bankinter | The International Energy Agency estimates that global oil demand will continue to rise until the end of the decade. This is despite the fact that Chinese demand will peak in 2027, before moderating due to the advance of electric mobility. In the US, lower-than-expected electrification and lower energy costs will help boost oil demand. It estimates that developed countries will reach peak consumption in 2029, at 105.6 Mbd,…

In Spain 22nd June 2025

Redeia blames power companies for blackout

Bankinter | Redeia presented a report on Wednesday with its view of the causes of the blackout. Redeia chairwoman Beatriz Corredor justified the presentation of the report on the grounds of the company’s ‘legal obligation’ to produce such a document whenever a significant event occurs. The report points to a lack of energy absorption in the system, which caused a power surge. Absorption is a mechanism that allows some power…

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