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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.
Amazon1

Spanish economy 7th July 2021

The 12,000 Spanish SMEs Selling On Amazon Exported €650 M In 2020, 30% More Yr-on-Yr

Amazon published yesterday the “Report on the impact of Amazon on Spanish SMEs 2021,” where it flags that the 12,000 Spanish small and medium-sized companies sellling on Amazon have registered more than 650 million euros in exports in 2020. This is an increase of more than 30% compared to the previous year. In addition, they have created more than 30,000 jobs in Spain and another 3,000 abroad. Despite the difficulties…

Ibex35 screen

Spanish economy 6th July 2021

IBEX 35 Companies Increase Treasury Shares By 38.7% In 2020

IBEX 35© companies increased their treasury shares by 38.7% last year, according to a report by BME’s Research Department. At the end of 2020, the total value of treasury shares held by companies in the index was 3.3 billion euros, which represents 0.63% of the IBEX 35©’s total capitalisation. This was largely due to the 27.2% decrease in the amount of own shares amortised: 4 billion, compared with 5.7 billion in 2019.

scottish power reuters

European economy 5th July 2021

ScottishPower To Invest £3.2 Billion In The UK Over 5 Years

ScottishPower Energy Networks, Iberdrola’s distribution subsidiary in the UK, unveiled its 2023-2028 network investment plan. The company will invest £3.2 billion – around €3.7 billion – over five years, with the aim of driving the UK’s energy and digital transformation as it transitions to an electrified, carbon-free economy. Frank Mitchell, CEO of ScottishPower Energy Networks, said: “We provide an essential public service: maintaining the electricity supply for 6 million people…

full employment

Spanish economy 5th July 2021

20 Million People Working In Spain: A Real Opportunity?

Social Security registers a record high of 19,500,277 people affiliated in June in Spain, In addition, there are still 447,800 people affected by temporary layoffs. Infojobs conjectures that the trend of job creation will consolidate in the medium term. With Social Security enrollment at an all-time high and the European funds still to arrive, is a real opportunity 20 million people working in Spain?

semiconductors osram

European economy 4th July 2021

Europe Is Running Out Of Semiconductors – Here’s What It Can Learn From Tech Survivor Osram

Michael Weinold via The Conversation | The shortage of semiconductor chips has exposed the vulnerability of European high-tech manufacturers that rely heavily on chip imports from Asia. The automotive sector alone, traditionally a European high-tech stronghold, is expected to take a US$110 billion (£79 billion) hit over the coming years as a result. In 2020, high-tech products represented approximately 20% of total exports from the European Union by value, with…

auto

World economy 3rd July 2021

Are Auto Companies Preparing Their Workforce For A More Digital Future?

Catherine Macaulay & Rodrigo Kohn (Schroders) | As climate change ambition ramps up across the world, emissions reduction targets in the autos sector will likely be forced to tighten further. Numerous countries – including Norway, France, the UK, Sweden, Ireland and the Netherlands – have already announced internal combustion engine (ICE) vehicle phaseouts between 2025-2040. At the same time, technological advancements continue to transform the industry. Production processes are increasingly automated, autonomous driving technology is growing in sophistication, and consumer expectations around the digital experience of vehicles continue to increase.

Caixabank

Spanish economy 2nd July 2021

Caixabank, Unions Reach An Agreement: There Will Be 6,452 Departures, 15% Of The Workforce

Caixabank (CABK) has finally reached an agreement with the unions to carry out an adjustment plan of 6,452 employees, equivalent to 15% of the workforce, after reducing the initial proposal by 1,839 people (22%). The departures are expected to take place between November this year and March 2022. And all of them will be voluntary. According to analysts, the associated impact on the profit and loss account is estimated at…

photovoltaic energy

Spanish economy 1st July 2021

Photovoltaics, The Queen Of Renewable Energies In Spain Over The Next Ten Years

Intermoney | No beating around the bush. The generation of energy through photovoltaic technology is one of the keys to Spain’s economic recovery. at the beginning of 2020, before the arrival of COVID-19, more than 59,000 people were working in photovoltaic. 59,000 people were working in photovoltaics, including direct and indirect jobs, with a direct contribution to GDP of 0.24%, and these figures are expected to increase over the next ten years, making our country an international photovoltaic hub.