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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.
Abengoa copper mine

World economy 12th May 2021

Chile | A Robust 7% GDP Rebound Expected in 2021, But Political Uncertainty Has Increased

Crédito y Caución (ATRADIUS) | In October 2019, massive social riots broke out, due to a deep frustration among large parts of the population with growing inequality, rising costs of living and unequal access to public services. One of the protesters’ key demands was to reform the old Pinochet-era constitution, which they argued entrenched inequalities by putting the private sector in control of health, education, housing and pensions. Finally, the…

Amazon2 1

Relevant News Item 12th May 2021

Amazon: When Everything Is 5 Star-rated

T.C. | An Internet database leak has uncovered a network of more than 200,000 people posting fake product reviews on Amazon in exchange for free product ratings. This was explained by the cybersecurity company SafetyDetectives, which discovered an open ElasticSearch database with a total of 13,124,962 records, weighing 7 GB, the researchers said in a statement. The database contained a server that hosted direct messages between various Amazon sellers with…

ACS Euston station

Ibex, Markets, Spanish economy 12th May 2021

ACS Is Awarded The Construction Of A ‘Green’ Railway Station In The UK For €660 M

ACS has been won, in consortium with the British company Mace, a contract valued at €660 M for the construction of a new high-speed train station in Birmingham (United Kingdom), which will not produce any polluting emissions once it comes into operation. Ferrovial is also present in HS2 after it took a 15% stake in the consortium led by France’s Eiffage in April last year, which has been awarded the construction of one of the sections of the line, a contract worth around €2.6 Bn.

spain business network

Spanish economy 11th May 2021

Spain: 2,000 Companies Have Already Declared Insolvency Despite The Insolvency Moratorium

T.C. | In Spain, 2,086 companies declared insolvency between January and April this year, an increase of 71% compared to 1,217 a year earlier, according to data published in the Official State Gazette and analysed by Iberinform. The strongest growth was in April, when 552 insolvencies were declared, compared to 41 in April last year, when the legal moratorium and confinement began, exempting administrators from filing for insolvency proceedings. The…

ERTES extension

Spanish economy 11th May 2021

The “Good” PSOE-UP Government: “We Will Never Again Tell People That They Have To Tighten Their Belts”

T.C. | Labour Minister Yolanda Díaz, whom Pablo Iglesias has designated as his successor in the (third) vice-presidency of the Government, yesterday presented the plans for the labour reform she intends to push through before year-end. With or without the agreement of the so-called “social partners”, i.e. trade unions and employers. “The labour changes will be published in the BOE before the end of 2021. Prime Minister Pedro Sánchez and…

colonial pipeline

European economy 11th May 2021

Cyberattack On Largest US Oil-Products Pipeline: We Could See Europe Start To Ship Gasoline To The US

Aneeka Gupta (Wisdom Tree)| Colonial Pipeline Co., a supplier of gasoline, diesel, and jet fuel to the eastern US, was forced to halt operations on Friday owing to a ransomware attack that affected some of its IT systems. If the outage were to last for an extended period of time it could have far reaching effects on the oil markets extending beyond the US and impact Europe as well. In order to plug the shortfall in gasoline in the US East Coast we could see Europe start to ship gasoline to the US.

OUIGO

Relevant News Item 10th May 2021

Spain: Renfe’s Trains Finally Have Competition

T.C. | Coinciding with the end of the state of alarm in Spain, the French ‘low cost’ Ouigo -subsidiary of SNCF- has today, Monday, kicked off the liberalisation of passenger trains in Spain. With five daily high-speed trains between Madrid and Barcelona, two of them stopping in Zaragoza and another one in Tarragona, and at really competitive prices: from 9 euros for adults and with a flat fare of 5…

mergers and acquisitions

Spanish economy 10th May 2021

The Value Of Mergers And Acquisitions In Spain Rises 190% Through May

The Spanish transactional market recorded 738 operations in the first four months of the year, 3.8% more than in the same period of the previous year, with an aggregate value of 40,706 million euros, up 190%, according to a report by TTR.he real estate sector was the most active of the year, with 151 transactions, followed by the technology sector, with 145.

ELECTRIC CAR

Relevant News Item 9th May 2021

‘Electric Car Production To Grow To 145 Million By 2030’

European Views | The number of electric vehicles plying the road is projected to jump to 145 million over the next nine years if governments globally continue to beef up efforts to meet international energy and climate goals. ccording to a report by CNBC citing the International Energy Agency’s Global Electric Vehicle Outlook, the number was even expected to rise further to 230 million by the end of the decade.

corona vaccine 1

World economy 8th May 2021

US-Backed Vaccine Patent Waiver: Pros And Cons Explained

Farasat Bokhari via The Conversation | The Biden administration has now agreed to back a proposal to suspend intellectual property protection for COVID vaccines. This is a break from US government’s long-held position on strong intellectual property protection, which has also been supported by many research-intensive countries in western Europe as well and the pharmaceutical industry.