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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.
Telefonica o2 filial

Companies 5th January 2026

Telefónica Deutschland begins internal process to become an ‘AI First’ company

Link Securities | Telefónica Deutschland (O2 Telefónica Germany, a subsidiary of Telefónica (TEF), has embarked on an internal strategic transformation process with the aim of becoming an AI First company, according to the newspaper elEconomista. This new slogan, which places artificial intelligence (AI) at the centre of the telecommunications company’s future technological developments, will shape the German subsidiary’s destiny in its search for efficiencies and new sources of revenue over…

repsol refineria exterior

Companies 5th January 2026

Repsol likely to benefit from hypothetical regime change in Venezuela

Bankinter | Repsol (REP) has almost 15% of its global oil reserves (for extraction, in the form of concessions) and 12% of its production in Venezuela, the country with the largest proven reserves in the world, approximately 17% of the total. Before the arrival of the Chavista regime, daily oil production in the country was 3.5 million barrels, compared to the current 0.9 million out of a total of 103…

unemployment office

In Spain 5th January 2026

Unemployment in Spain falls by 16,291 in December, leaving 2,408,670 jobless

Registered unemployment fell by 16,291 people in December, a 0.7% decrease compared to November. Meanwhile, Social Security affiliation rose by 19,180 workers—a moderate increase for a month that usually sees some of the year’s largest gains due to the Christmas season. With these figures, the total number of unemployed people stood at 2,408,670, while the number of contributors reached 21,844,414. The drop in unemployment in December was primarily driven by…

gas natural almacenamiento

In Spain 2nd January 2026

Demand for natural gas in Spain grows 7.4% in 2025 thanks to electricity generation

Alphavalue / Divacons | Demand for natural gas transported in Spain, including domestic demand and exports, grew by 7.4% in 2025, reaching 372 terawatt hours, according to provisional data from Enagás. This growth has been driven by electricity generation, which has shot up by 33.3% to 99.3 terawatt hours, and by exports, which have risen by 17.4% to 40.5 terawatt hours. Spain has reaffirmed its commitment to European security of…

Sanchez

In Spain, Relevant News Item 2nd January 2026

Spain goes into 2026 with 2023 Budget Extension

The 2023 State General Budget (PGE) was automatically extended for the third time this January 1st. This occurs while Pedro Sánchez’s government prepares to present and attempt to pass new public accounts for the 2026 fiscal year in Parliament during the first half of the year—an outcome that, at this stage, appears unlikely. During the final Cabinet meeting of 2025, the Government approved an agreement establishing the application criteria for…

Iberdrola edificio

Companies 2nd January 2026

Iberdrola becomes first multinational in Spain to certify global AI process under ISO/IEC 42001

Alphavalue / Divacons | The Spanish utility closed 2025 at historic highs, with a revaluation of close to 45%, supported by its defensive profile, the regulatory visibility of its businesses and the attractiveness of utilities in an environment of still high interest rates. The market continues to reward its combination of stable growth, dividends and exposure to networks and renewables. Furthermore, Iberdrola certified its global artificial intelligence process under the…

airbus A320

Companies 2nd January 2026

Airbus and Air China confirm order for 60 A320neo aircraft worth £9.53 billion

Alphavalue/Divacons | The aerospace and defence company and Air China have formalised an order for 60 A320neo aircraft, valued at $9.53 billion at list price, with deliveries between 2028 and 2032. The Chinese airline is seeking to modernise its fleet, improve operational efficiency and reduce emissions, given that the A320neo consumes around 20% less fuel. Airbus: Add, Target Price €227/share.

stock markets 777x400 1

Markets 2nd January 2026

Transition session towards next week, when activity should return to normal after Christmas

Rentra 4 | European markets open lower (Eurostoxx futures -0.40%, S&P 500 futures +0.45%) in the first session of the year, with the main European and American indices very close to historic highs. At the macro level, we highlight the publication of the final manufacturing PMIs for December: Germany (47.7 estimated and preliminary versus 48.2 previously), France (50.6 estimated and versus 47.8 previously), Eurozone (49.2 estimated and preliminary versus 49.6…

enagas logo

Companies 2nd January 2026

Barclays reduces total position in Enagás from 3.28% to 3.08% but incorporates direct position for first time

Banc Sabadell | Barclays has notified the National Securities Market Commission (CNMV) of a total position of 3.08% in Enagás (ENG). Compared to the previous notification, Barclays slightly reduces its aggregate exposure: from 3.28% to 3.08%, although it incorporates a direct position for the first time. Assessment: No impact. Other relevant shareholders are: BlackRock 7.4%, SEPI 5.0%, Pontegadea 5.0%, Bank of America 3.6%.

inflacion precios

In Spain, Spanish economy 31st December 2025

Spanish inflation moderates 1/10 of a percentage point in December and closes 2025 with average of 2.7%

CdM | The Consumer Price Index (CPI) stood at 2.9% in the last month of the year, representing a moderation of one tenth of a percentage point in the year-on-year rate thanks to the fall in fuel costs, according to data released on Tuesday by the National Statistics Institute (INE). Inflation thus closed 2025 with an average of 2.7%, one tenth of a percentage point below the previous year. Specifically,…