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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.
Indra Tecnocom

Relevant News Item 5th June 2025

General Dynamics-Santa Bárbara closes door on possible acquisition of Santa Bárbara by Indra

Bankinter | General Dynamics closes the door to the acquisition of its Spanish subsidiary (Santa Bárbara Sistemas) after presenting its 2030 strategic plan. Indra (IDR) expressed three months ago its interest in buying Santa Bárbara Sistemas. However, Santa Bárbara Sistemas is owned by General Dynamics, which yesterday presented its strategic plan in Spain: “Industrial and Technological Plan 2025-2030”. The main points are to increase the production capacity of ground vehicles,…

ocde 2

World economy 5th June 2025

OECD revises down forecast for global growth in 2025 to 2.9% from 3.1% foreseen previously

Link Securities | According to a new report published by the OECD, its analysts expect global gross domestic product (GDP) growth to slow this year, with projected growth of 2.9% in both 2025 and 2026, down from 3.3% last year. These analysts justified this weaker outlook to rising global uncertainty, driven mainly by changes in US trade policies. In its report, the OECD warns that more trade barriers could further…

poverty

In Spain 5th June 2025

Poverty in Spain: 12.5 million suffer deprivation, 4.1 million very severe, 34% of children at risk of poverty

“Child poverty is a significant structural challenge that undermines upward social convergence and future competitiveness. More than one in three children are at risk of poverty or social exclusion.” Brussels confirms this harsh reality in its report on Spain for the European Semester, published yesterday. Eurostat data indeed shows the rate reaching 34%, and furthermore, no other Eurozone country surpasses the Spanish figure. The second is Greece, with a figure…

Grifols nueva

In the World 4th June 2025

US judge to investigate Gotham for defamation of Grifols in bearish report published in January 2024

Banco Sabadell: According to press reports, the U.S. District Court for the Southern District of New York has agreed to investigate Gotham City Research for defamation following the bearish report published on Grifols in January 2024. At the same time, it rejects four of the five charges brought by Grifols (illicit enrichment or interference with business relationships, among others). The court has also explicitly rejected the defendants’ attempt to invoke…

ArcelorMittal

European economy 4th June 2025

Tariff effect could subtract ~10% from ArcelorMittal’s 2025 Ebitda and cut expected recovery this year

Banc Sabadell: Trump will impose an additional 25% tariff on steel imports which would leave the tariff burden on these products at 50%. Assessment: Negative news given that we understand that although at first the company stated that the impact of the tariffs could be positive, the fall in the dollar, together with the fall in demand linked to the uncertainty, would be weighing on the business. Thus, despite its…

turismo playa

Spanish economy 4th June 2025

Spain receives 8.6 million international tourists in April, 10.1% more than same month last year

Link Securities | According to the Statistics on Tourist Movements at Borders (Frontur), published by the National Statistics Institute (INE), Spain received 8.6 million international tourists in April, 10.1% more than in the same month of 2024. The United Kingdom was the main country of residence, with more than 1.6 million tourists and an increase of 11.1% compared to April 2024. From Germany came 1.3 million (up 13.7%) and from…

Trump Eurozona

In the World 4th June 2025

Trump getting in a hurry: government invites countries to submit “best tariff offer” today, 4 June

Bankinter | A document/letter from the US government has been leaked, inviting all countries to submit their “best tariff offer” today, June 4, to complete the deals as soon as possible. So far, the US has only concluded a deal with the UK. Then, according to the letter (it is not known which countries have received it), the US government will respond within days with the tariff measures it believes…

ACS Hochtief Alemania

In Europe 3rd June 2025

ACS (Hochtief) and Ferrovial (Budimex), contractors showing most interest in building terminal at Warsaw’s new airport

Link Securities | Investment in Poland’s Centralny Port Komunikacyjny (Central Communication Port) project includes the construction of a new international airport on the outskirts of Warsaw and the development of a large high-speed rail network connecting the facility with major Polish cities, according to the newspaper Expansión. The investment in this programme amounts to around €30 billion, of which €1.2 billion will go towards the construction of a large airport…

EEUU deficit comercial

In the World 3rd June 2025

US trade deficit narrows sharply in April following 19.8% month-on-month drop in imports, largest ever

Bankinter | The US trade deficit narrows sharply following the largest ever drop in imports (19.8% month-on-month), while exports grew by 3.4%. The item where the reduction in the deficit is most evident is in consumer goods (down $49.276 billion in April against $80.843 billion previously). After the sharp increase in the deficit in Q1 2025 to avoid the impact of tariffs, imports are normalising, softening the impact on the…