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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.
Spain economy linda

Spanish economy 23rd December 2021

IMF downgrades its growth forecasts for Spain in 2021 (4.6%) and 2022 (5.8%)

The International Monetary Fund (IMF) has substantially cut its growth expectations for the Spanish economy in 2021 and 2022, reducing the expected expansion of GDP this year to 4.6% from the 5.7% anticipated last October. For next year it forecasts that the rebound in activity will be limited to 5.8%, six tenths of a percentage point lower than previously expected. So the IMF’s forecasts are close to those recently published…

startups 1

Spanish economy 23rd December 2021

A Startups Act Designed To Attract And Bring Back International And Spanish Talent

ICEX-Invest in Spain | The Spanish Government has passed a bill to encourage an ecosystem for new companies, better known as the Startups Act, and by which it hopes to make Spain one of the most attractive destinations for investment, talent, and innovative entrepreneurs. The document includes significant tax breaks, eliminates red tape and makes procedures more flexible to encourage the creation of and investment in tech startups. It also…

Camporredondo

Spanish Politics 22nd December 2021

The Mayor Of Camporredondo Takes The Senate To Task Over The Law Of Democratic Memory

The Valladolid municipality of Camporredondo, near Medina del Campo (Valladolid), is presided over by the mayor Javier Izquierdo García. He has signed a letter of response to the President of the Senate, María Pilar Llop Cuenca (*), defending his municipality against the request of the Upper House to remove the name of the street Calvo Sotelo from that municipality. The letter is as follows: PRESIDENT OF THE SENATE OF SPAIN…

car makers europe

European economy 21st December 2021

New Car Sales In Europe Fell By 17% To 864,119 Units, The Worst November Figures Since Registers Began In 1993

Santander Corporate & Investment Banking | New car sales in Europe (EU+EFTA+UK) fell by 17% to 864,119 units, the worst November performance since the European Automobile Manufacturers’ Association began recording data in 1993. Registrations were only 0.8% higher than in the first 11 months of last year. Germany (-31.7%), Italy (-24.6%) and Spain (-12.3%) recorded double-digit falls and France a contraction of 3.2%. In contrast, car sales in the UK…

Renfe

Spanish economy 20th December 2021

Today The AVE To Galicia Is Inaugurated: 16 Years Of Works And 9 Billion Euros Of Investment

King Felipe VI and the Prime Minister, Pedro Sánchez, today make the AVE to Galicia’s inaugural journey. The high-speed train will connect Madrid with this region after more than 16 years of planning and works and an investment of 9 billion euros for 440 km of track. Today sees the opening of the section between Pedralba de la Pradería (Zamora) and Ourense, which is 119.4 kilometres long and has involved…

electricity prices

Spanish economy 20th December 2021

The Soaring Electricity Prices To Lower The Spanish GDP Growth In 2021 and 2022 by 0.1% And 0.3 %, Respectively

Oriol Carreras Baquer & Eduard LLorens i Jimeno (CaixaBank) | The price of electricity, something that would usually barely catch the reader’s attention, has populated the headlines and been a topic of dinner conversations since the middle of the year. This change is not a trivial one: the price of electricity soared beginning in July, and by October it had almost quadrupled the average for 2018-2019. What is the reason for this increase and what impact will it have on the economy? These are the questions that this article attempts to answer.

overfishing

European economy 19th December 2021

On Environmental Protection, The EU Has A Mixed Record

It’s usually China, Japan and the US that come to mind first when the issue of overfishing is brought up, but what’s often overlooked is the fact that the EU has to take a big part of the blame as well. Brussels may not be sending fishing fleets across the oceans, but many of the bloc’s environmental policies have serious unintended effects in the world’s far-flung regions.

COP26

World economy 18th December 2021

Our Green Future: Is It All About the Money?

Oliver Matikainen | Finance has always been a key issue at the UN’s Conferences of the Parties, and a sticky one at that. In this sense, COP26, held in Glasgow, Scotland, in November, was no different. Climate finance is key because it cuts across all other issues. One of the big things to come out of COP26 was the Glasgow Financial Alliance for Net Zero, that aims to align private capital with science-based targets to finance the investment in a net-zero economy.

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World economy 17th December 2021

Amazon Threatens Telecom Sector By Entering The Enterprise 5G Business

Renta 4 | Amazon has launched AWS private 5G, a solution for building private 5G networks with a focus on the corporate customer. One of the most attractive businesses for telecoms with the launch of 5G is expected to be the creation of private telecoms networks for corporate customers. For example, in Germany, states have set aside frequencies for the exclusive use of companies.

Indra Tecnocom

Spanish economy 16th December 2021

After The Government’s Assault, The March Family Sells Its Shares In Indra, Which Falls Sharply (-11.5%) On The Stock Market

Indra plunged 11.51% on Wednesday in the stock market to 9.34 euros, after Corporación Financiera Alba announced its gradual exit from the company after selling 5% of the capital to SAPA. Following the announcement, Indra recorded its biggest fall on the stock market since March 2020. The March holding company sold this stake to the defence group for just over 90 million euros and will leave the company’s board in…