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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.
EU regions

European economy 10th July 2021

EU Funding For Cross-Border Regions Needs Better Focus

The European Territorial Cooperation programme (Interreg) is a long-standing instrument of EU cohesion policy aimed at encouraging economic growth in border areas. According to a report from the European Court of Auditors (ECA), the cooperation programmes financed through Interreg had clear strategies for tackling existing cross-border challenges. However, several weaknesses in the implementation of the Interreg programmes and in their monitoring limited the potential to unlock the capacity of the adjacent regions they covered.Interreg’s total budget for the 2014-2020 programme period was €10.1 billion. Over €6 billion was used to finance projects associated with internal borders.

Alberto Garzón

Spanish Politics 9th July 2021

The T-bone Steak Debate, Awesome!

Fernando González Urbaneja | Nutrition, the correct and recommended nutrition to preserve health, deserves a debate and an ambitious, high-level strategy. Michelle Obama dedicated a good part of her activism as “second lady” to this cause, correct infant nutrition. It was not with an occasional video and a few colourful statements, but she also proposed a strategy and a policy of greater range and scope. And from international organisations, especially…

Eurofighter

Spanish economy 9th July 2021

Indra To Equip The 38 German Eurofigthers

Indra has signed contracts worth €100 million to equip the 38 Eurofighters the German Ministry of Defence has acquired as part of the Quadriga programme, with the latest generation systems that will ensure the aircraft’s superiority for decades to come. The firm will develop and produce, in consortium with German sensor supplier Hensoldt, the new ESCAN Mk1 electronically scanning radar.

Iberdrola east anglia

Spanish economy 9th July 2021

Spain Could Contribute Up To 40% Of The European Offshore Wind Energy Target By The End Of The Decade

With 27.5 GW of installed power on land, Spain is the fifth largest country in the world, behind China, the USA, Germany and India. It also has a shipbuilding industry, a maritime-port sector and technological and engineering capabilities that have already made the country an international benchmark in the value chain of offshore wind installations. However, offshore wind as a technology has hardly been developed in Spain due to the high depth of territorial waters for projects with fixed foundations -inviable from a depth of 50 metres.

ECB bonds

European economy 8th July 2021

ECB Raises The Bar For Normalisation In The Short-Run, Flexibility Is The Key For Policy

Monex Europe | Today’s announcement by the European Central Bank can be perceived as net dovish in the short-term by markets, as the shift from an asymmetric target to a new symmetric 2% inflation target gives the central bank ample room to run accommodative monetary policy for longer without having to fight markets. Previously, the ECB’s inflation target was set at “below, but close to 2%”, which contributed to the eurozone’s structural issues with low inflation for years. By changing this target to a symmetric target, which means any undershoots and overshoots would be equally undesirable, the central bank moves the bar slightly upwards for inflation before policy is required to tighten.

Emmanuel Macron

European economy 8th July 2021

Macron Should Go Ahead with Pension Reforms

Nick Ottens (Atlantic Sentinel) | Emmanuel Macron is reportedly mulling pension reforms that were put on hold during the COVID-19 pandemic. There are risks: reforms will almost certainly spark protests, including from trade unions, which oppose raising the retirement age. Macron can ill-afford social unrest a year away from the election. But it could also burnish the French president’s reformist credentials after the COVID-19 crisis forced him into a more…

obras 11 1000x528

Spanish economy 8th July 2021

Spain: Business Start-Ups Reach Their Highest Figure Since 2007

Last May, 9,570 new companies were created in Spain, the highest figure for a month of May since 2007, according to data from the National Statistics Institute (INE). This was more than double the number created in May 2020. That said, INE recalls that in May last year the number of companies incorporated, which increased capital or were dissolved “was exceptionally low” due to the declaration of the first state…

Oil 1024x575 1

World economy 8th July 2021

The Oil Industry Is Under Pressure, In A Process Of Transformation With A High Impact On The Global Scenario

Portocolom | Oil rose to the highest level in more than six years in New York (78 USD/bl) after the OPEC meeting failed to agree on a production increase. The United Arab Emirates rejected a proposed eight-month extension of production limits. The most immediate effect of the rupture is that OPEC and its allies will not increase production by August and this will deprive the global economy of vital additional…

Repsol's bet on alternative energies

Spanish economy 7th July 2021

Bank Of Montreal Has A 3.4% Stake In Repsol

Bank of Montreal informed the CNMV on Monday that it holds a total of 3.467% of the voting rights of Repsol (REP). However, it does not specify whether this is in its own name or in the name of third parties, nor the average acquisition price. This stake would make it the fifth largest shareholder after Sacyr, with 8.2%, JP Morgan with 6.8%, BlackRock with 5% and Amundi with 4.5%….

Sanchez Biden

Spanish Politics 7th July 2021

Sánchez Tries To See Biden On His First Official Trip To The US

José Hervás (Capital Madrid) | The Spanish lobby in Washington still hopes the President of the United States will finally meet Pedro Sánchez. But for now, Joe Biden has no plans to meet the head of the Spanish Government at the White House on his first official trip to the United States, from the 20th to the 24th of this month. There will not even be a brief meeting in…