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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.
endesa novisimo

Spanish economy 3rd January 2025

Renewable energy connected to Endesa’s grid exceeds 30 GW, enough to supply almost 20 million homes

CdM | Endesa, through its network subsidiary, e-distribución, has exceeded 30 GW of distributed renewable capacity connected to its distribution grid, enough to supply the consumption of almost 20 million homes and avoid the emission of close to 30 million tonnes of CO2. These are installations of small and medium-scale renewable energy producers and self-consumption which, in recent years, have been increasing their weight on the renewable generation map in…

China 3

In the World, World economy 2nd January 2025

Xi Jinping expects China’s economic activity to exceed $17.8 trillion in 2024

Norbolsa | Economic activity is expected to exceed $17.8 trillion in 2024, said President Xi Jinping in his New Year’s speech, acknowledging the new challenges facing the economy in the face of global uncertainty and the pressure to transform old growth engines into new ones. He added that the government will implement new proactive measures to boost growth through 2025. Indeed, looking ahead to 2025, Xi said the country aims…

ECB night

European economy, In Europe 2nd January 2025

ECB expects to reach 2% inflation target this year

Banca March: The ECB expects to reach the 2% inflation target this year. This was stated yesterday, Wednesday, by the President of the institution, Christine Lagarde, on the X social network. It should be recalled that price growth slowed down last year, even falling below the ECB’s target in September, although prices have picked up again in recent months. The slowdown has allowed the monetary authority to cut interest rates…

Santander

Ibex, In Spain 2nd January 2025

Santander receives €23.6m from Google, first payments under contract signed two years ago

Alphavalue / Divacons | The Cantabrian bank has already received $25 million (€23.6 million) as the first payments for the contract signed two years ago with Google. The bank granted the US multinational the licence for Gravity, a technology that Santander developed for its own transformation and which Google will now also market to its large corporate clients. Gravity Framework, whose intellectual property belongs to Santander, is software that makes…

Barcelona housing

In Spain 2nd January 2025

Judicial complaints for squatting soar by 55%

Courts across Spain registered 1,782 judicial proceedings for the occupation of homes during the first nine months of the year, according to data released by the General Council of the Judiciary (CGPJ). In just the third quarter of 2024, there were 580 judicial complaints for home occupation, a 55% increase year-on-year compared to the 373 judicial complaints from the summer of 2023, confirming that the issues of legal insecurity affecting…

Airtificial

Companies, Markets 2nd January 2025

Airtificial successfully completes €20m capital increase for international expansion plans

Alphavalue/DIVACONS | The technology company successfully closed a €20 million capital increase, with the aim of boosting its growth through international expansion in key markets such as the United States and China. In addition, it will seek to develop its intelligent robotics and aerospace and defence units, and will strengthen its R&D area to diversify into new sectors.

Acciona

In Spain 2nd January 2025

Fitch confirms Acciona Energy’s long-term issuer default rating at “BBB-” with “stable” outlook

Link Securities | According to information sent to the National Securities Market Commission (CNMV) by the company, the credit agency Fitch Ratings has confirmed Acciona Energía’s long-term issuer default rating (IDR) at “BBB-” (last step of investment grade), with a “stable” outlook. According to Fitch, the €1bn sale of Spanish hydro assets to Endesa Generación and good progress on other disposals (likely to be completed by 2025) are consistent with…

donald trump

In the World 2nd January 2025

Global economy bracing for Trumpworld

Alicia Gª Herrero (Natixis) | On the eve of Donald Trump’s election win in November, the world economy was already under stress with a slowing Europe, a grinding war in Ukraine and a stagnant Chinese economy. Yet there was hope that as central banks started to bring high inflation under control, lower interest rates would buoy economic activity and the world economy in 2025. But Trump’s victory is taking the…

Repsol

Companies, In the World 2nd January 2025

Ecopetrol reaches agreement to acquire Repsol’s 45% stake in CPO-09 oil well

Alphavalue/DIVACONS | The oil company’s CEO, Jose Jon Imaz, criticised the government for “settling regulatory and fiscal policies in a bazaar” and urged to “raise our voices against the tax on energy companies”, assuring that it is “making investment in Spain impossible”. In other news, as we read on Monday in elEconomista, Ecopetrol has entered the sale of 45% of the Colombian oilfield CPO-09, which Repsol held in the country…