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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.
Tourism

In Spain 30th January 2025

Spain’s GDP grows 3.2% in 2024, and 3.5% in Q4 2024

Bankinter | The preliminary GDP for the year 2024 grows by 3.2% year-on-year, after announcing a Q4 2024 growth of 3.5% year-on-year that once again surprises with its strength. In quarter-on-quarter terms, the pace remains at 0.8% quarter-on-quarter since Q2, while Q1 is revised upwards to 1% (from 0.9%). Domestic Demand once again increases its contribution to growth by 3.5 percentage points year-on-year (1.2% quarter-on-quarter), where the improvement in Investment…

Indra aeropuertos

In the World 30th January 2025

Indra implementing supply and logistics systems at Port of San Antonio in Chile

Alphavalue/DIVACONS | The Spanish IT services and consultancy company announced on Tuesday that it is implementing the digitalisation and interoperability systems of all the processes involved in the supply and logistics chain of the Port of San Antonio in Chile, the country’s main and largest port. Indra’s Port Community System (PCS) integrates in a single digital platform in the cloud, all the information related to the activities of transport of…

Talgo diferente

In Europe 30th January 2025

Polish railway manufacturer controlled by PFR determined to take joint control of Talgo

Link Securities | Pesa, the Polish railway manufacturer controlled by Polish Development Fund (PFR), equivalent to the Spanish ICO, is determined to take joint control of the Spanish company Talgo (TLGO), respecting the conditions imposed by the Spanish government in terms of respecting the Spanish nature of the train manufacturer and protecting the local industrial fabric, according to the newspaper Expansión. Thus, the Polish state investor is willing to agree…

centros de datos

Spanish economy 30th January 2025

Merlin Properties, one of DeepSeek’s victims in Spain owing to exposure to AI data centre deployment

Alphavalue/ Divacons | The real estate developer’s shares fell 4.68% yesterday due to its exposure to the development of data centres for AI. Today it closed the market with a value of €5,851 million. Banco Santander, the REIT’s main shareholder with 22%, lost €63 million. Merlin Properties increased capital by €920 million in July last year to undertake its investments in platforms that host data centres, a line of business…

telefonica edificio

World economy 29th January 2025

Telefónica hires J.P. Morgan to study sale of HispAm subsidiary in Argentina

Renta 4 | Telefónica (TEF) has hired J.P. Morgan to study the sale of its subsidiary in Argentina, according to press reports. The potential buyers are local companies. MiliCom also stands out, to which Telefónica has already sold several Latin American subsidiaries and is in the process of selling the Colombian one. In addition, Telefónica Peru has sent a relevant fact in which it highlights that it is in talks…

ArcelorMittal

In Europe 29th January 2025

ArcelorMittal, among best-positioned companies to take advantage of improving business environment

Morgan Stanley | Alain Gabriel summarises the various changes in the European market environment that we could see during the year. Starting with the review of import quotas, which expire in June 2026, and whose review ends on 31 March 2025. Alain believes there is potential for a reduction in quotas, implementation of quotas on an individual level and/or tariff increases. An anti-dumping investigation of HRCs from Egypt, India, Japan…

Ferrovial construcción

European economy 29th January 2025

Ferrovial completes sale of 50% stake in AGS for €535 million

Intermoney | Ferrovial (FER) (Hold, PO €35) announced on Tuesday after the market closed that it has completed the sale of its 50% stake in AGS, which groups a number of airports in the UK, to AviAlliance UK Limited for £450 million, around €535 million. Macquarie, owner of the other 50%, has also sold this position for the same amount. Ferrovial confirms that in its Q1 25 results it will…

Puigdemont

In Spain 29th January 2025

Spain: Without the Fugitive, There is No Law

The President of the Government, Pedro Sánchez, had to retract and concede again publicly yesterday, accepting the demands of the fugitive Puigdemont – leader of Junts, who with his seven deputies in Congress decides which laws move forward and which do not – in order to push through an “omnibus” Decree Law with 29 measures, which include everything from pension increases to subsidies for public transport passes or aid for…

Aena nuevo

In Europe 28th January 2025

Aena calls Ryanair’s elimination of 12 routes and 800,000 seats at regional airports by summer 2025 “blackmail”

Norbolsa | Aena’s conflict with Ryanair over airport charges continues. The airline has reduced regional flights in Spain and is demanding incentives to expand. Aena, backed by the government, rejects its demands, accusing it of blackmail, while the airline defends its low-fare model as key to tourism and connectivity. Last week, Aena president Maurici Lucena and the Irish airline’s CEO Eddie Wilson clashed in a debate organised by Hotusa. Lucena…

EEUU deficit comercial

In the World 28th January 2025

Trump’s new trade threat: now wants universal tariffs “much higher” than 2.5 per cent

Norbolsa | The US president again spoke of his intention to set global tariffs to protect the country’s economy, stating that he is not going to do so immediately, but that he sees the tariff level clearly above 2.5%. This level has been put in the mouth of Treasury Secretary Bessent, although Trump does not believe that this is what Bessent supports and he himself sees a clearly higher tariff….