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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.
Donald Trump

In the World, World economy, World politics 2nd October 2020

President Trump And His Wife Have Tested Positive For COVID-19… Election Uncertainty Ramps Up

The symbolism of President Trump testing positive for coronavirus will not be lost on market participants and economists. Many things – from US-China relations, post-election tax policy, the US’s relationship with global institutions, trade, climate change progress, social cohesion in the US –depend on how a 74-year old man reacts to getting a virus that has claimed over a million lives globally this year

employment office

Spanish economy 2nd October 2020

Spain’s Jobless People Cut By 26,329 In September, Record Drop Since 1996; Rate Doubles The Eurozone’s

The labor market in Spain added 84,013 affiliates in September, the largest increase for this month in the series, while the jobless people fell by 26,329, also an historic high for the ninth month of the year, reported the Ministry of Labor today. With this figures the total number of unemployed reached 3,776,485 by the end of September. Even so, Spain leads European unemployment in August, with a rate of 16.2%, which is double than that of the Eurozone (8.1%), according to data published yesterday by Eurostat.

Elecnor basura espacial

Spanish economy 2nd October 2020

Elecnor Will Provide The Control System For Europe’s First Mission To Clean Up Space Debris

Elecnor, through its Portuguese aerospace subsidiary Deimos Engenharia, has been selected to develop the guidance, navigation and control systems for the Clearspace-1 mission. This is the first European mission aimed at cleaning up the garbage in space. The framework for this project is the European Space Agency’s (ESA) Adrios programme, the first European space debris removal mission, scheduled for launch in 2025.

Madrid coronavirus spread

Spanish economy 2nd October 2020

Spanish Government Imposes Mobility Restrictions And New Criteria To Halt The Coronavirus Spread In Madrid

Spain’s government will restrict movement in major cities facing severe outbreaks of Covid-19 from Friday night, thus avoiding the total lockdown model the whole country experienced in March. The measures will apply to cities with over 100,000 inhabitants, where there is an infection rate greater than 500 per 100,000 people over the next two weeks. All regional leaders debated on Wednesday and a majority agreement was reached in the end, although Madrid, Galicia, Andalucia and Catalonia voted against it.

Australiaok

In the World, World economy 2nd October 2020

Crypto Corner: Australian Government Invests $5m In Blockchain

The Australian government this week announced an investment in developing its blockchain industry as part of a wider digital expansion package. Unveiling its $574m Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives, Prime Minister Scott Morrison earmarked a substantial investment in blockchain.

Bonds

In the World, World economy 1st October 2020

Managing Bonds In The Modern Monetary Theory Era

According to Ray Dalio, the founder of Bridgewater, 90% of governments’ attempts to reflate their economies have ultimately been successful over the past 200 years. In other words, after a few years of monetised deficits, trials and errors by policymakers, inflation will eventually rise.

Sin título 3

European economy 1st October 2020

The ECB Could Move Towards An Inflation Model Similar To That Of The Fed

Intermoney | ECB President Christine Lagarde acknowledged yesterday that the central bank would consider formulas to allow inflation to exceed 2%, without being forced to raise rates and suffocate the recovery. Reality, as Lagarde indeed acknowledged, is in keeping with a world in which inflation targets must be transformed. They were designed to avoid upward deviations, but not to deal with prolonged situations of inflation deficit.

MELIA CHINA lujo

Ibex, Markets, Spanish economy, Uncategorised 1st October 2020

Meliá Takes The Advantage Of The Chinese Tourism Recovery Opening Its Fifth Hotel In The Country

According to the China Tourism Academy, more than 90% of hotels and tourist attractions in the country have reopened along with around 60% of travel agencies after containing the pandemic. Against this backdrop, Meliá Hotels has resumed work on an expansion plan which aims to double its presence in China within two years, from 5 to 10 hotels in operation. The reactivation of the domestic market have encouraged the company to open an ultra-luxury urban resort in Chengdu this week.

Mexican flag

In the World, World economy 30th September 2020

Mexico | Mixed Picture In August Job Creation

The Mexican Institute of Social Security (IMSS) reported that 92.4 thousand formal jobs were created in August, equivalent to 8.3% of the 1.1 million jobs lost from March to July. The weak recovery in employment could not stop the deterioration of the labor market in a generalized way.