Almudena Díez | “The producer countries already impose considerable fiscal charges on the production of oil, basically because some of them live only on oil,” says Angel Durández, a member of Repsol’s Board of Directors.
A report from IRC and Citi examines efforts of more than 20 cities spanning four continents to build inclusive communities. For example, it highlights that many cities are already allocating resources to support displaced populations and bolster integration.
Atul Singh | How much value have technological advances created? On one side are internet bears who point out that productivity has been falling and the internet is not a big a deal. On the other side are internet bulls who argue that the internet has unleashed a new wave of productivity that is not captured by current measures accurately.
The Spanish economy is entering a more mature phase of the cycle and, therefore, its growth is gradually slowing down to levels that are more sustainable in the long term. In this context, CaixaBank Research wonders what trends can be expected in the main driver of the economy: private consumption. Following are their conclusions.
Following the series of articles by William Chislett which The Corner is going to publish on the 40th anniversary if the Spanish Constitution, today we are dedicating to know the intricacies of Spain’s political life during these years of democracy. Between 1982-2015, this was dominated by two parties, the conservative Popular Party (PP) and the Socialists. They alternated in power until two upstart parties, centrist Ciudadanos (Citizens) and the populist-left Podemos (We Can) won a significant number of seats in parliament.
The share price of Deutsche Bank has risen + 9% since 26 October. This reaction is explained by the entry of Hudson since the results for Q32018 were unconvincing and the reaction to the stress tests did call attention. The US hedge fund Hudson Executive Capital has invested 550 M€ to take control of 3.1% of the capital – equivalent to 8.6€/share. Hudson thus becomes the fourth largest shareholder behind the Chinese group HNA (7.6%), a Qatari fund (6.1%) and Blackrock (5%).
Solar energy will mobilise investments of 60 to 70 billion euros to achieving the objective of 35% of renewable energy by the end of 2030. This coincides with the recent approval of the Law Proposal on Energy Self-Consumption, which bids definitive farewell to the tax on solar power.
Between September and October, Siemens Gamesa has registered sales of 9.122 billion, with an Ebit pre PPA (Power Purchase Agreement) costs of integration and re-structuring of 693 million and an Ebit margin of 7.6%. Siemens Gamesa is closing its first financial year since the merger.
“Never again Spaniards will have to pay the mortgage stamp duty”. With these words the Spanish president Pedro Sánchez announced a decree law and gave a new twist to the story of who should be responsible for this tax, just a few hours after the Supreme Court decided that it will be the customer’s duty. The way in which the highest court has managed the decision making process puts into question its credibility.
Steven Pressman via The Conversation | Perhaps the biggest surprise in the midterm elections was that, unlike 2016, there wasn’t one. Polls and pundits expected Democrats would take control of the House and Republicans would keep the Senate, and that’s exactly what we’re getting. The likely result: two years of congressional gridlock on economic policy, which requires both houses of Congress to agree on the same legislation. So, we can expect that the status quo on economic policy will mostly prevail.