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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.
Caixabank

Ibex 22nd April 2021

The Restructuring Of Caixabank Could Lead To The Largest Redundancy Scheme In The History Of Spanish Banking Sector

The Catalan bank has informed the trade unions of the adjustment resulting from the merger with Bankia. The plan, in principle, includes the lay-off of 8,291 workers, 18% of the group’s workforce in our country, although the final figure could be lower depending on the negotiations that began last week. Until now, the most significant restructuring plan in the Spanish financial industry was carried out by Bankia in 2013 and affected 4,500 workers.

utilities brand value

Spanish economy 21st April 2021

Iberdrola, Naturgy And Endesa Among The 20 Utilities With The Highest Brand Value In The World

Iberdrola is the Spanish energy brand with the highest growth in brand value, with a 1.4% increase in brand value and remains the most valuable Spanish energy company in the world according to Brand Finance, the intangible valuation consultancy. Furthermore, Iberdrola is the only Spanish company in the sector’s top 10. It ranks 6th in the table and has a value of €4.38 Bn. The ranking is headed by China’s State Grid with €46.9 Bn.

RealMadridBarcelonaok

Spanish economy 20th April 2021

European Super League Football, Backed By JP Morgan, Against All The Rest

T.C. | Real Madrid, Barcelona, Atlético de Madrid, AC Milan, Arsenal, Chelsea, Inter Milan, Juventus, Liverpool, Manchester City, Manchester United and Tottenham Hotspur are 12 of the 15 teams that have decided to set up a European Super League, backed by JP Morgan, which is putting 3.25 billion on the table to move forward with a project that is clearly and openly opposed by FIFA and UEFA, which speaks of a “shameful and selfish project, driven solely by greed”, and which has threatened those who play in the Super League with “excommunication” – with not being able to play in their respective national teams.

S81IsacPeral

Spanish economy 20th April 2021

We Are Not Sinking. And If We Do Sink… We Have Submarines

T.C. | Next Thursday, 22 April, in Cartagena (Murcia), King Felipe VI will preside over the launch of the S-81 Isaac Peral, the first submarine built by Spain alone (until now the development costs were shared with other countries, with France in the case of the latest submarines), which will be sponsored by his daughter Leonor, Princess of Asturias and heir to the throne.

ECB Bundesbank

European economy 20th April 2021

Central Bank Independence: From The Theory To The Practice

Javier García Arenas and Adrià Morron Salmeron (CaixaBank ) | The independence of central banks seems indisputable, even more so in these times of pandemic, in which they have increased their use of unconventional policies and provided coverage for the high funding needs of states. In this article we will explore the theory and empirical evidence supporting the importance for central banks to maintain their independence.

Acciona

Spanish economy 19th April 2021

How To Trade At A P/E Of 20 When Working Capital Is Negative

CdM | It is well known that in order to take a company public, it is advisable to hire a good press campaign, distribute some money among banks and underwriters, etc. But there are times when haste leads to a rush to force the machine and fall into ridicule. A Madrid business newspaper has published a report on the renewable energy companies expected to list on the Spanish stock exchange in the coming months, comparing the capital valuations of some with others that add capital and debt, which, to say the least, is misleading.

Carbon emissions

European politics 18th April 2021

The EU Wants A Carbon Tax On Imports – But Would It Be The Climate Solution Officials Expect?

Timothy Hamilton via The Conversation | The European Union is considering a new tax on imports as it tries to fight climate change, and the U.S. is raising concerns about it. At issue is what’s known as a border adjustment carbon tax. The tax is designed to level the playing field for European companies by holding imports responsible for their greenhouse gas emissions the same way domestically produced products are.

europe vaccination

European politics 17th April 2021

What Led to Europe’s Vaccine Disaster?

By Hans-Georg Betz | The COVID-19 pandemic has not only brutally exposed Europe’s unpreparedness to confront a major crisis, but it has also shown the parochial state of mind of significant parts of the European population.  Much has been written over the past year about American science skepticism and conspiracy theories, held partly responsible for the toll that COVID-19 has taken on the US population. Yet Europeans are hardly any better.