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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.
tasa google tasa tobin

Spanish economy 9th October 2020

Tobin’ And ‘Google’ Taxes To Be Launched In Spain In January 2021

The Spanish Senate has definitively approved the Tobin tax and the ‘Google’ tax. The first is a tax on financial transactions, involving a 0.2% charge on the purchase and sale of shares of Spanish companies with a capitalisation of over 1 billion euros. This will affect 32 of the 35 securities in the Ibex 35 index. The second is a tax on digital services, to the tune of 3%. This will be imposed on multinationals with annual revenues of at least 750 million euros worldwide and 3 million euros in Spain.

EU recovery fund

European economy 9th October 2020

A Resurgent Euro: Illusion Or Reality?

In the medium term there are reasons to believe that the euro should appreciate very gradually over the coming year, boosted by the reduction of EMU–US interest rate differentials and the increased demand for euros to acquire the new European asset known as coronabonds.

Oldman

European economy 8th October 2020

UK: Care Homes Report

As lockdown began, thousands of patients were sent from hospitals into care homes. In three months 18,562 people living in Care Homes died with COVID-19. Our report As if Expendable highlights the UK Government’s failure to protect older people in care homes during the COVID-19 pandemic. Cases of coronavirus are rising again in the build-up to winter, the government must learn lessons from its disastrous decisions and not repeat the same mistakes.

Solaria

Ibex, Markets, Spanish economy 8th October 2020

The Ibex Has 35 Stocks Again With The Entry Of Solaria

Bankinter | The Ibex 35’s Technical Advisory Committee has decided to integrate Solaria to the index. It announced the exclusion of MasMovil last September before the takeover bid launched on the company. With this move, the Ibex, which has been temporarily composed of 34 companies, is now complete. Solaria comfortably meets the minimum capitalization criteria and presents very high levels of negotiation. The firm covers the entire solar energy value chain from wafer production to solar parks management. 

Pedro Sánchez and Charles Michel

Spanish economy 8th October 2020

Spain Aims To Create 800,000 Jobs In Next 3 Years; To Use €72 Bn From The European Recovery Fund

The Government has set a target of creating 800,000 jobs over the next 3 years (in the period 2021-23). To achieve this goal, it will use 72 billion euros from the European Reconstruction Fund (60 Bn in the form of non-refundable transfers and 12 Bn as loans with conditionality, out of a total of 140 billion). It is foreseen that 37% of the funds will be earmarked for green investments and 33% for digital transformation. As a result, it is estimated that these areas will contribute +2.5 pp to GDP growth.

M&A are increasingly growing in Europe

In the World, World economy 8th October 2020

Mergers And Acquisitions: A Window On The Market

Edmond de Rothschild | As Warren Buffet likes to say, “You never know who’s swimming naked until the tide goes out. The exogenous shocks generated by the crises throw a harsh light on the real state of the market, and the excessive risks taken by investors are evident. The sub-prime mortgage and sovereign debt crises were good examples of this phenomenon. But while the financial shock of 2008 had an immediate impact on mergers and acquisitions and led to a collapse in valuations, what can we say about the effects of the coronavirus crisis?

Congreso

Spanish economy 7th October 2020

The Spanish Congress Will Create An Academic Advisory Office To Ensure That Scientific Knowledge Is Available To Parliamentarians

The Congress of Deputies will bring to a meeting of its Bureau the proposal to set up a scientific advisory office so that all Members of Parliament will be able to find out what science has to say about any issue up for debate, as is already the case in the United Kingdom, Germany and Denmark, among other nearby countries. The proposal prospered after it was supported by the professional association of lobbyists APRI and by the Minister for Science and Innovation Pedro Duque. The motto of its promoters is “ the specialist informs, the expert advises and the politician decides”.

brazil metro line

Ibex, Markets, Spanish economy 7th October 2020

Acciona Is Awarded Line 6 Of Sao Paulo’s Underground Valued At Some €2.3 Bn

Acciona has formalized the agreement to take over the concession to construct, maintain and operate the São Paulo Metro line 6 (or Orange line). The company signed the agreement for the transfer of the concession, along with the Brazilian consortium MOVE, which had been previously in charge of the project, and the Brazilian State of São Paulo. The project is valued at €2.3 billion (R$15 billion). Once complete, Line 6 will serve 600,000 passengers per day.

demographics japon

In the World, World economy 7th October 2020

Demographics Squeeze Advanced Economies’ Long-Term Growth Potential; Big Test For Italy, Japan

Demographics and labour-market inclusion are increasingly important determinants of growth in advanced economies where productivity is in structural decline, but the impact is highly uneven. Italy and Japan are particularly vulnerable to below-par growth. Scope Ratings has examined the impact of demographic trends on long-term economic growth in major economies, assuming productivity growth and employment rates remain constant.

Current EU major challenges-Brexit and Italy budget- move but still remain stranded

Spanish economy 7th October 2020

The Spanish Budget For 2021: Priority, Indispensable, Inevitable

Although Spain’s budgetary credibility in Europe, built up over the past decades, is in tatters- none of the deficit or debt commitments of recent years have been met- the country needs a budget which can be presented in Brussels, in order to obtain the green light for European financial flows. These are essential. Therefore, Pedro Sánchez’ s government aspires to obtain a minimum political agreement for the approval of the 2021 Budget, without which it could not survive.