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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.

In Spain 28th March 2025

Public spending up €230 billion since Sánchez took office, now exceeds €700 billion

The year 2024 ended with consolidated public spending exceeding €700 billion. The final figure, which was revealed this Thursday, amounts to €722.846 billion, an absolute record in history. This fabulous amount is about €230 billion higher than the same concept in 2018, the year Pedro Sánchez came to power as Prime Minister after winning a vote of no confidence against Mariano Rajoy, explains La Razón newspaper. The accounts for 2024…

Relevant News Item 28th March 2025

Competition authority proposes new commitments to BBVA in Sabadell takeover bid

Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an 18-month…

Relevant News Item 27th March 2025

Taqa negotiates entry into Naturgy’s shareholding structure with stake of up to 29.9%, no takeover bid, and hand in hand with CriteriaCaixa

Bankinter | The energy giant Taqa, controlled by the Emirate of Abu Dhabi, is studying the possibility of acquiring a stake in Naturgy. According to articles that have appeared in the press, Taqa would enter with a non-majority shareholding, hand in hand with CriteriaCaixa and with the approval of the Government, which has the right of veto over this type of strategic operation. At the moment, Naturgy has a self-tender…

In Europe 27th March 2025

Timid progress towards peace in Ukraine would ease maritime traffic of agricultural products and fertilisers

Banca March | This weekend’s negotiations in Riyadh have borne fruit. Ukraine and Russia announced on Tuesday that they had finalised the ceasefire agreement on energy infrastructures, to which a truce in hostilities in the Black Sea has been added, which would allow for the streamlining and securing of greater maritime traffic of agricultural products and fertilisers. However, the terms of the agreement are not entirely clear and the Russian…

Spanish economy 27th March 2025

Ministry of Labour admits 687,884 unemployed not counted

The Minister of Labour, Yolanda Díaz, and her team have spent three years without specifying how many people with fixed-discontinuous contracts are registered in the public employment service offices, arguing that the registration of job seekers is the responsibility of the autonomous communities. However, despite this opacity, the statistical services of the department do handle and even publish these figures. Thus, they estimate that in 2024, the number of people…

Spanish economy 27th March 2025

Repsol sells 49% of 400 MW renewables to Schroders Greencoat

Repsol has partnered with Schroders Greencoat, a manager specialized in renewable infrastructure from Schroders Capital, which enters as a partner with a 49% stake in a wind and solar portfolio of 400 megawatts (MW), valued at €580 million. The portfolio includes eight wind farms, totaling 300 MW, located in Huesca, Zaragoza, and Teruel. Additionally, it encompasses two photovoltaic plants totaling 100 MW in Palencia. All assets are expected to be…

In the World 26th March 2025

Consumer confidence in US (The Conference Board) falls to four-year low – 92.9 – in March

Bankinter | Consumer Confidence (March) disappoints, moderating to 92.9 against the 94.0 expected and 100.1 previous (revised from 98.3). It is at its lowest level since January 2021 and is the fourth consecutive month of decline. By components: (i) Current Situation: 134.5 versus 138.1 previous (revised from 136.5); (ii) Expectations: 65.2 versus 74.8 previous (revised from 72.9). (ii) Fed Richmond Manufacturing Activity Indicator (March): -4 versus 1 expected and 6…

In Europe 26th March 2025

Car sales in Europe fall 3.1% to 963,540 units year-on-year in February, but rise 11% in Spain

Alphavalue / Divacons | In February 2025, passenger car registrations in Europe fell by 3.1% year-on-year to 963,540 units, with declines in all major markets except Spain, where they grew by 11%. Compared to pre-pandemic levels (February 2019), sales are still 16% lower. In terms of technologies, pure electric vehicles (BEVs) grew by 26% year-on-year to reach a market share of 17.1%. Hybrids were the most popular option (with a…

In the World 26th March 2025

Spain threatened by possible 25% tariff on countries importing oil or gas from Venezuela, directly or through third parties

Bankinter US President Donald Trump has announced the possibility of a 25% tariff on any country that imports oil or gas from Venezuela, either directly or through third parties. Trump announced this measure, dubbed a ‘secondary tariff’ for ‘sending tens of thousands of criminals to the US’, which was later confirmed by executive order. Although it is due to come into force on 2 April, its application will not be…

In the World 26th March 2025

Due to agreement with PDVSA on key properties of Tomoporo and La Ceiba, Repsol may face tariffs on imports from Venezuela

Banco Sabadell | Donald Trump has announced the imposition of a 25% tariff on all imports from countries that buy oil or gas from Venezuela. This measure would come into force on 2 April 2025. Among the potentially affected nations are Spain, China and India. Although these could be additional tariffs to those already announced, the details of their implementation are ambiguous. The Trump Administration will offer more details in…

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