Articles by The Corner

About the Author

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.
ACS Hochtief Alemania

ACS (Hochtief) and Ferrovial (Budimex), contractors showing most interest in building terminal at Warsaw’s new airport

Link Securities | Investment in Poland’s Centralny Port Komunikacyjny (Central Communication Port) project includes the construction of a new international airport on the outskirts of Warsaw and the development of a large high-speed rail network connecting the facility with major Polish cities, according to the newspaper Expansión. The investment in this programme amounts to around €30 billion, of which €1.2 billion will go towards the construction of a large airport…


EEUU deficit comercial

US trade deficit narrows sharply in April following 19.8% month-on-month drop in imports, largest ever

Bankinter | The US trade deficit narrows sharply following the largest ever drop in imports (19.8% month-on-month), while exports grew by 3.4%. The item where the reduction in the deficit is most evident is in consumer goods (down $49.276 billion in April against $80.843 billion previously). After the sharp increase in the deficit in Q1 2025 to avoid the impact of tariffs, imports are normalising, softening the impact on the…


Judges

Amnesty is constitutional because not expressly prohibited, according to high court

The draft of the ruling on the amnesty that the magistrates appointed by the PSOE are going to approve in the Constitutional Court has now been revealed. After mentioning the word “reconciliation” 14 times – curiously, since yielding to Puigdemont’s blackmail has divided Spanish society in two – the rapporteur of the ruling, Inmaculada Galván, adopts Sánchez’s discourse – who always maintained that amnesty did not fit within the Constitution,…


indra edificio 2

Brussels reportedly considering slapping extraordinary tax on arms giants

Intermoney | The German media Spiegel published a report on Monday in which they mentioned that Brussels is considering imposing some kind of measure on arms giants to prevent billions of euros of public money being invested from ending up directly in the pockets of shareholders. These measures could range from taxes on extraordinary profits to partial nationalisations of the companies or stricter contracts with fixed prices. The German company…


ArcelorMittal

Tariffs on steel and aluminium up from 25% to 50%: negative for ArcelorMittal, positive for Acerinox

Bankinter | US President D. Trump announced that he will raise tariffs on all steel and aluminium imports from all countries from 25% to 50% as of Wednesday 4 June. The 25% tariff was set on 12 March. Analysis team’s view: This increase comes days after a US International Trade Tribunal called into question reciprocal tariffs, but not sectoral tariffs. This new sectoral tariff increase complicates ongoing negotiations with many…


portugal parlamento congreso

Two-party system ends in Portugal: Chega overtakes Socialist Party to become second political force

Bankinter | Chega overtook the Socialist Party (PS) and, after the votes of emigrants in the legislative elections were counted, became the second political force with the most deputies in Parliament. The party led by André Ventura, which won in the two emigrant districts – Europe and Outside Europe – will elect two more deputies and will have 60 representatives in Parliament, two more than the PS, which has 58….


US inflation2

US personal consumption price index rises 2.1% in April, core 2.5%

Link Securities | The Commerce Department released on Friday that US personal income rose 0.8% in April from March, significantly more than the 0.4% increase analysts had expected. This increase was mainly due to a 2.8% rise in personal current transfer income. In addition, compensation of employees rose by 0.5 per cent. Rental income was unchanged, while income from personal rents on assets fell by 0.4 per cent. On the…


The returm of migration to Spain

Spanish per capita income is 86.6% of European average, surpassed by only two regions: Madrid and the Basque Country

Eurostat has published the data on per capita disposable income for the countries of the European Union up to the year 2022. This refers to the resources available to individuals, including salaries, capital income, public aid, and other income. In 2022, the per capita income (net disposable income) of Spain was €16,800 per year, which represents 86.6% of the average for the European Union of 27 countries. That is, 13%…


naturgy eolica

CNMV approves Naturgy’s auto-IPO to acquire up to 9.08% of its capital at €26.50/share

Banc Sabadell : The National Securities Market Commission (CNMV) has authorised the auto-IPO of Naturgy (NTGY) to acquire up to 9.08% of its share capital (with the aim of improving its free float) at €26.50/share. The acceptance period will be 15 days from the day after details of the offer are published in the press. On the other hand, the company has confirmed that it will not go ahead with…


inflacion precios 1

ECB’s expectations for average Eurozone inflation over next 12 months rise in April to 3.1% from 2.9% in March

Link Securities | According to the monthly report published by the ECB, average inflation expectations in the Eurozone for the next 12 months rose in April for the second consecutive month to 3.1% and from 2.9% in March, standing at its highest level since February 2024. Inflation expectations for the next three years remained unchanged in April at 2.5%, while inflation expectations for the next five years stood at 2.1%…