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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 17th July 2025

Inditex Board confirms distribution of gross dividend of €1.68 per share

Alphavalue/DIVACONS | On Tuesday, Óscar García Maceiras, CEO of the textile group, informed the General Shareholders’ Meeting that Inditex (ITX) will face the tariff scenario imposed by Donald Trump through innovation, flexibility and diversification of its business model. Maceiras detailed the success of collaborations such as Zara and Zara Home’s ‘The Apartment’ and the opening of Zacafé in Madrid, as well as the expansion of new customer interactions in markets…

In the World 17th July 2025

US CPI stops falling in June: overall year-on-year rate rises to 2.7%, core to 2.9%

Link Securities | The Department of Labor reported that the US consumer price index (CPI) rose 0.3% in June compared to May, in line with the consensus forecast by FactSet analysts. In June, clothing prices rebounded by 0.4% (versus a drop of 0.4% in May) and transportation services by 0.2% (versus a drop of 0.2% in May), while the growth in healthcare services prices accelerated (0.6% versus 0.2% in May)….

In Spain 17th July 2025

AIReF urges Government to initiate procedures to have, after two years, a General State Budget

“Not even the ministerial order to start preparing the Budgets has been given,” warned Cristina Herrero, president of the Independent Authority for Fiscal Responsibility (AIReF), highlighting the lack of reliable deficit and debt forecasts for next year, as well as non-financial expenditure. “None of the necessary milestones for the Budgets that should already be underway have been met at this time,” Herrero warned, with the added uncertainty of defense spending…

Companies, Relevant News Item 17th July 2025

Faes Farma Board approves acquisition of 100% of Sifi, strengthening position in ophthalmology

Link Securities | At the Extraordinary General Shareholders’ Meeting of Faes Farma (FAE) held on Wednesday, the proposal of the Board of Directors contained in the sole item on the Agenda was approved: Approval of the acquisition of 100% of the share capital of Sifi, S.P.A. With this approval by the shareholders, Faes Farma takes another step towards completing the acquisition of Sifi, which represents a transformational step in its…

Relevant News Item 16th July 2025

Cellnex successfully refinances main syndicated credit facility to €2.8 billion

Link Securities | The company has successfully refinanced its main syndicated credit facility, increasing its amount to a total of €2.8 billion, according to a statement released on Monday, as reported by the digital portal Bolsamania.com. This refinancing not only extends the maturity by an additional year, but also includes two one-year extension options, which could bring the final maturity to July 2032. The transaction, carried out under favourable market…

In the World 16th July 2025

US announces 30% tariffs on EU starting 1 August; EU keeps door open for negotiations

Bankinter | The US will impose 30% tariffs on the European Union. They will come into effect on 1 August. The tariff will apply across the board to European products imported by the United States. From Europe, Von der Leyen maintains a constructive tone and leaves the door open for further progress in negotiations, while preparing countermeasures. On the same Saturday, the United States also imposed a 30% tariff on…

In the World 16th July 2025

China’s trade balance reaches surplus of $114.799 billion in June

Intermoney | The trade surplus rose to $114.7 billion. This was largely due to exports rebounding by 5.8% year-on-year, while imports picked up with a 1.1% year-on-year increase in June, after three months of negative growth. By country, the first thing to look at was the evolution of trade relations with the US, where we once again witnessed a rebound in the Chinese surplus, which rose to $26.5 billion. Shipments…

In Spain 16th July 2025

European Parliament Accuses Sánchez of ‘Preventing’ European Electoral Law from Taking Effect Due to ‘His Investiture Pact with the PNV’

The new European electoral law requires countries with more than 35 MEPs, like Spain, to establish a minimum threshold of 2% to 5% of votes to be allocated seats in European elections. Spain is the only EU Member State that has not incorporated this European electoral reform into its legislation, despite Pedro Sánchez’s debut as Spanish President and member of the European Council in June 2018, where he approved this…

In Spain 15th July 2025

Pedro Sánchez Breaks Up Social Security by Handing Over Unemployment Benefit Payments to 44,700 Basques to PNV

Today, President Pedro Sánchez will break with the principle maintained by all Spanish governments to protect Social Security from nationalist demands for its fragmentation. In the meeting starting at 5:30 PM in La Moncloa, delegations led by Sánchez and the Basque Lehendakari, Imanol Pradales, will address the transfer of unemployment benefit and unemployment subsidy payments. This executive capacity will mean that the 29,335 Basques receiving unemployment benefits, plus the 14,472…

Relevant News Item 15th July 2025

Indra Board divided over ‘conflicts of interest’ with acquisition of Escribano, one independent director resigns

Link Securities | Conflicts of interest arising from Indra’s possible purchase of Escribano were the focus of a Board of Directors meeting lasting more than four hours, which ended with the departure of an independent director, Ángeles Santamaría, who had expressed her reservations about the operation and resigned yesterday for ‘personal reasons’. Santamaría, who did not attend the meeting, has recently been appointed director of Mapfre. At the meeting, it…

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