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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.

In Spain 1st July 2025

Sánchez’s Right-Hand Man Goes to Jail

Yesterday, a Supreme Court judge ordered Santos Cerdán, until two weeks ago the PSOE’s organization secretary and Sánchez’s right-hand man, to prison without bail and incommunicado. Cerdán had accompanied Sánchez—along with José Luis Ábalos and Koldo García, also indicted by the judge—in the mid-last decade to retake the PSOE’s general secretariat. Sánchez had been expelled from this position by the federal executive for attempting to negotiate a government with separatists…

Spanish economy 1st July 2025

BBVA Maintains Hostile Takeover Bid for Sabadell, Which Must Decide on TSB Sale

Carlos Torres’s BBVA has announced that it is pressing ahead, come hell or high water, with its hostile takeover bid for Banco Sabadell. The bank sent a note to the National Securities Market Commission (CNMV) reiterating its firm intention to acquire the Barcelona-based bank, despite the latter’s board of directors meeting this Tuesday to analyze an offer from Banco Santander to acquire its British subsidiary, TSB, for just under €2.7…

World economy 1st July 2025

Europe fears Spain’s stance on defence spending could be stumbling block in trade talks with US

Norbolsa | Spain’s lack of commitment to increasing defence spending as agreed with NATO opens up another rift in EU-US relations. Trump threatens to double tariffs on Spain for failing to meet its defence commitments. With trade agreements in place, it seems unlikely that tariffs could be imposed on a member state, but there is a risk that they could impact the country’s most sensitive goods, including oil, wine and…

Relevant News Item 1st July 2025

Redeia president says Red Eléctrica to make record investments in new strategic plan

Link Securities | Beatriz Corredor, president of Redeia (RED), which is holding its General Shareholders’ Meeting on Monday, announced in an interview with Expansión newspaper that the holding company that owns Red Eléctrica will make record investments in a new strategic plan and that the electricity system will emerge stronger after the blackout. The newspaper notes that Corredor, two months after the blackout, criticised the role of the electricity companies,…

World economy 30th June 2025

ACS to participate in Chile’s National Data Centre Plan after acquisition of Fleischmann

Norbolsa | ACS has acquired Chilean company Fleischmann, which specialises in engineering and air conditioning and has extensive experience in data centres. The operation strengthens its position to participate in Chile’s National Data Centre Plan, with a planned investment of $2.5 billion over five years. The Group has not disclosed the amount of the transaction, but has emphasised that the completion of the purchase is subject to obtaining the relevant…

European economy 30th June 2025

Iberdrola, through Scottish Power, in talks with OVO Energy for possible merger of energy supply businesses

Alphavalue/DIVACONS | The Spanish utility, through its subsidiary Scottish Power, is in talks with OVO Energy for a possible merger of their energy supply businesses in the United Kingdom. If completed, this transaction would create the third-largest energy supplier in the country, with more than six million customers, behind only British Gas and Octopus Energy. Although the talks are at a very early stage, it is believed that Ovo could…

Relevant News Item 30th June 2025

Preliminary CPI in Spain rises 2.2% year-on-year in June, two tenths more than in May

CdM | The Consumer Price Index (CPI) rose by two tenths of a percentage point year-on-year in June to 2.2%, due to higher fuel and food prices, according to data released on Friday by the National Statistics Institute (INE), reports Europa Press. With the upturn in the year-on-year CPI in the sixth month of the year, inflation is rising again after three consecutive months of declines in its year-on-year rate….

In Spain 30th June 2025

UN Summit in Seville to Revitalize Development Aid, Which Fell 10% in 2024

The Andalusian city of Seville is hosting the 4th International United Nations Conference on Financing for Development (FFD4) from this Monday until July 3. This high-level gathering aims to rekindle global commitment to the Sustainable Development Goals (SDGs) as the 2030 Agenda approaches its conclusion. The summit, the first of its kind held on European soil, was inaugurated at the Exhibition and Congress Palace with an event presided over by…

In the World 29th June 2025

US GDP contracts by 0.5% in annualised terms in 1Q25 against +2.4% in 4Q24

Singular Bank | According to the BEA, in the final reading, GDP fell by 0.13% in quarterly terms in 1Q25 (against an increase of 0.61% in 1Q24). At the same time, in year-on-year terms, production growth stood at 1.99% (versus 2.53% in the last quarter of 2024) and in annualised terms contracted by 0.5% (against plus 2.4% in the previous quarter).

Spanish economy 29th June 2025

Repsol sells 24% stake in Corridor block in Indonesia to Medco Energi for $425 million, adding $70 million to 2025 profits

Link Securities | The Spanish oil company informed the National Securities Market Commission (CNMV) that it has reached an agreement to sell its 24% stake in the Corridor block in Indonesia, where it is not the operator, to Medco Energi for $425 million. This transaction is part of Repsol’s asset rotation strategy to optimise its upstream portfolio and focus its efforts on assets that offer high profitability and cash generation….

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