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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.
Nordstream

European economy 24th March 2022

Russia Has Increased Gas Supplies Since Invading Ukraine (While Gazprom Has Withdrawn From The Spot Market In Europe)

ASE Group | Russian gas supplies to Europe from Russia have increased since the war broke out because of long-term contracts, in place between European buyers and Russia’s Gazprom, which include strict commitment clauses. All parties are committed to respecting them or face serious losses. This is why Grazprom is avoiding direct economic sanctions from Europe.In any case, Russian flows are not back to normal for this time of year….

ELECTRIC CAR

Spanish economy 24th March 2022

Volkswagen Chooses Sagunto (Valencia) For Its Battery Gigafactory, Where It Will Invest 7 billion euros

The Volkswagen Group and Seat have officially announced on Wednesday that Sagunto (Valencia) will be the site of the giant battery factory for electric cars it plans to build in Spain, which will be the consortium’s second after the one in Germany. At the press conference to present Seat’s 2021 results, Chairman Wayne Griffiths and Seat CEO and head of Volkswagen Components, Thomas Schmall, confirmed the choice of Sagunto to…

car makers europe

World economy 23rd March 2022

The Playbook For Chinese Carmakers To Mitigate Waning Domestic Demand And Higher Costs

Alicia García Herrero (Natixis) | After three years of sluggish performance, China’s car sales finally reverted to positive growth in 2021. The auto industry is essential for the Chinese economy as it forms 28% of retail sales and 7% of industrial revenue. Without a recovery in car sales, it is hard to imagine a solid rebound in consumption. In this note, we analyze the demand for passenger cars in China…

overfishing

Spanish economy 23rd March 2022

Spanish Fishermen Also Go On Strike

Eight days after the strike by lorry drivers and hauliers, the fishing sector has organised a strike along the Spanish coast until today, Wednesday, protesting against the rise in fuel prices: 200 fishermen’s associations, 40,000 members, of which 9,000 are boat owners, are taking part in the strike. The fishermen’s guilds began a strike on Monday, in protest against rising fuel prices. The fishing fleet will remain moored until today…

Climate changes risks

European economy 23rd March 2022

No European Bank Meets The ECB’s Expectations On Climate Risk Reporting

Fernando Rodríguez | “Although there have been improvements since the first assessment at the end of 2020, no bank fully meets supervisory expectations” on environmental and climate risk reporting, according to the latest report of the European Central Bank (ECB) with data analyzed as of November 2021 on 109 entities under direct supervision. Although more than 70% of banks provide information on how their boards of directors monitor these risks…

Spain

Spanish economy 22nd March 2022

Spain Attracted 28.785 Bn € In Foreign Investment In 2021, Up 17.7%, With Madrid Leading The Way

Spain has received during 2021 a total of 28.785 billion euros in foreign investment. The Community of Madrid is the region that leads in attracting funds from abroad, with 20.943 billion, 73% of the total, according to data revealed yesterday by the Ministry of Industry, Trade and Tourism. These 28.785 billion euros that Spain has attracted in foreign investment in the year as a whole represent an increase of 17.7%…

spanish economy

Spanish economy 21st March 2022

Growth Of The Spanish Economy Unlikely To Reach The Expected 5% In The Face Of The War In Ukraine

Oriol Aspachs (CaixaBank Research) | The outbreak of war in Ukraine has occurred at a time when things were looking favourable for the Spanish economy. Economic activity gained traction during the course of the past year and in Q4 it grew by a significant 5.2% in year-on-year terms. In addition, the impact of the new wave of infections caused by the Omicron variant was lower than feared. The high proportion…

edf central

European economy 20th March 2022

Europe Rethinks Nuclear Power As Longer-Term Fix To Market, Climate, Security Challenges

Sebastian Zank & Anne Grammatico (Scope Ratings) |New investment in nuclear power could help Europe stabilise diminishing supplies of baseload electricity as coal and old nuclear power stations close – without relying just on natural gas as an alternative – but only in the longer term. Nuclear reactors with a total capacity of more than 20 GW are scheduled for decommissioning by 2030. Europe had a double energy challenge – even…

Lamanodedios

Spanish economy 19th March 2022

“Saving The PSOE”

On 1 October 2016, the day the PSOE executive kicked Pedro Sánchez out of the party’s general secretariat (his subsequent revenge would be merciless) El País defined Sánchez’s profile in its editorial “Saving the PSOE”: “The inevitable and legitimate dismissal of Pedro Sánchez is the only way out for the party”. “The departure of the PSOE’s secretary general, Pedro Sánchez, is essential…. Sánchez has not turned out to be a…

rusia energia

World economy 19th March 2022

Is Russia The New Iran As A Result Of Sanctions?

George Brown (Schroders) | Russia is now the most sanctioned country in the world following its illegal invasion of Ukraine, which has brought misery to millions. More than 2,000 additional Western sanctions have been brought in against a broad range of individuals, corporations and institutions. Measures have also been put in place to exclude it from international payments systems, using major reserve currencies or accessing key technologies such as semiconductors….