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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.

Companies 13th April 2026

Telefónica unveils new drone operation solution based on remote rather than physical piloting

Alphavalue/ Divacons | The Spanish telecoms firm has launched a commercial service aimed at businesses and public authorities from its new T_Space facility, staffed by specialists in remote drone piloting. With this initiative, Telefónica is introducing a solution that transforms the traditional model of drone operation—which until now required pilots to travel physically to each mission, apply for specific permits and carry out preliminary assessments of the environment, all of…

In the World 13th April 2026

US CPI for March yet to reflect full impact of Iran conflict: 3.3%, slightly below 3.4% expected

Bankinter | The CPI rose slightly less than expected in March: 3.3% against an estimate of 3.4% and a previous reading of 2.4%. Core rate 2.6% compared to an estimated 2.7% and the previous 2.5%. Analysis team’s view: the monthly figure (0.9% month-on-month) is the highest since June 2022, driven by the energy shock following the outbreak of the conflict in the Middle East. The rise excluding energy is more…

In Spain 13th April 2026

Spanish tourism sector ends Q1 2026 with real growth of 2.1%, compared with 2.5% estimated, and despite war in Iran

Alphavalue/ Divacons | The Spanish tourism sector closed Q1 2026 with real growth of 2.1%. Although this figure is below the 2.5% estimated for the national economy as a whole, the period stands out for the strength of foreign demand. This progress has been achieved despite operational volatility and the uncertainty generated by the conflict in the Middle East.

In the World 13th April 2026

Total vehicle sales in China fall 0.6% year-on-year in March to 2.899 million units, down 15.2% in February

Link Securities | The China Association of Automobile Manufacturers (CAAM) reported that total vehicle sales in China fell by 0.6% year-on-year in March (down 15.2% in February), reaching 2.899 million units. It should be noted that February sales plummeted as volumes were affected by the significant reduction in working days, since the Lunar New Year holidays fell in February this year rather than January last year. It is also worth…

Companies 13th April 2026

Demand remains strong despite uncertainty, Airbus’s net orders for 2026 stand at 398 aircraft

Banc Sabadell | Airbus (AIR) reported that it delivered 60 aircraft during March (compared to 35 in February 2026 and 71 in March 2025), bringing the total deliveries for 2026 to 114 (compared to 136 in 2025, down 16%). Furthermore, a total of 331 new orders and 10 cancellations were recorded during the month. Consequently, net orders in 2026 stand at 398 aircraft (against 204 in 2025; up 95%). Assessment:…

Companies 13th April 2026

Supreme Court agrees to hear Ferrovial’s appeal regarding insufficient compensation awarded for unfinished M-203 motorway

Link Securities | The company will continue its battle with the Madrid Regional Government over the M-203, a motorway between Vallecas and Alcalá de Henares that Ferrovial was awarded in 2005 but was never able to complete. The Supreme Court (TS) has accepted for consideration the appeal lodged by the infrastructure group against the ruling issued by the High Court of Justice of Madrid (TSJM) in February 2025. In that…

Companies, Relevant News Item 13th April 2026

Escribano family seeking to smooth way for Indra’s merger by finding potential buyers for their 14.3% stake

Link Securities | The Escribano brothers are taking steps to bridge the gap with the Government. The family has commissioned JP Morgan to seek potential buyers for its 14.3% stake in Indra, according to sources familiar with the matter speaking to Vozpopuli.com. Among the options on the table are both a potential partial and total sale of this stake, against a backdrop marked by the government’s demands to revive the…

Spanish economy 13th April 2026

Pedro Sánchez visits Xi Jinping once again

For the fourth time, the Spanish Prime Minister is travelling to Beijing amidst the ongoing clash with the U.S. over the war in Iran. The goal of the trip is to open the Chinese market to new sectors, attract investment to Spain, and mitigate a €40-billion trade deficit. The work agenda, which begins today and runs through Wednesday, includes meetings with the Chinese government, business leaders, and investors. “China is…

In Spain 10th April 2026

Spanish households’ net wealth rises by 11% in 2025 and debt-to-GDP ratio falls to its lowest level since 1999

CdM | Household net financial wealth stood at €2.645 trillion (156.8% of GDP) at the end of 2025, representing an 11% year-on-year increase, according to the ‘Financial Accounts of the Spanish Economy’ published by the Bank of Spain. Meanwhile, household debt rose to €723 billion, up from €696 billion in 2024. However, in relative terms to GDP, it fell to 42.8%, the lowest level since the end of 1999. As…

In the World 10th April 2026

US economy growing at slower-than-expected rate, PCE moderates by 0.1 percentage points, as expected

Bankinter | The US economy is growing at a slower-than-expected rate and the PCE has moderated by 0.1 percentage points, as expected. US GDP for Q4 2025 was revised downwards to 0.5% quarter-on-quarter annualised, below the expected 0.7% and the initial estimate, with private consumption slowing to 1.9% versus the expected 2% and investment falling to 2.3% versus the expected 3.3%. In year-on-year terms, growth remains at 2.0% year-on-year, in…

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