Relevant News Item

Relevant News Item 1st August 2021

Next Big Financial Crisis Could Be Triggered By Climate Change – Central Banks Can Prevent It

Garth Heutel, Givi Melkadze & Stefano Carattini via The Conversation | In 2008, as big banks began failing across Wall Street and the housing and stock markets crashed, the nation saw how crucial financial regulation is for economic stability – and how quickly the consequences can cascade through the economy when regulators are asleep at the wheel. Today, there’s another looming economic risk: climate change. Once again, how much it harms economies will depend a lot on how financial regulators and central banks react.

Relevant News Item 30th July 2021

Repsol Reports Net Income Of €1.235 Billion For First Half 2021

In this period, the company has advanced in the decarbonisation objectives laid out in its 2021–2025 Strategic Plan. The plan and related actions have enabled the company to benefit from the incipient recovery in demand, still below 2019 levels, and the improvements in raw material prices. As a result, Repsol was obtain positive cash flow in all business segments and a net debt reduction of 6%. Adjusted net income, specifically…

Relevant News Item 29th July 2021

Interim Workers Deserve More Respect

Fernando González Urbaneja | The government narrowly (by one vote and in a second vote) passed the decree law (which will be processed as a bill subject to amendments) opening the door for up to 800,000 temporary public workers to consolidate their employment with stable contracts. Governments (state, regional and local) have been using and abusing interim workers for decades. To such an extent that the European Commission and the…

Relevant News Item 5th July 2021

Sánchez Against The Court Of Auditors

Fernando González Urbaneja | The description as “anachronistic” of the fact that the rapporteur of the Court of Auditors – in the case of the possible embezzlement of pro-independence leaders – was a minister in an Aznar government deserves some reflection. It begs the question of how the president’s mentality works, his concept of the constitutional system and the balance of powers. Added to this are the considerations of Catalan…

Relevant News Item 30th June 2021

Spacs: Why Investors Fell In Love With These Stock Market Vehicles – And How The Bubble Burst

Daniele D’Alvia via The Conversation | Spacs have been around since the 1990s, but they exploded in popularity in 2020 and early 2021. This is partly because there has been more and more capital looking to make money, since bonds have been paying unattractively low interest rates, and far fewer companies are listing than in previous decades. Regulations have made traditional flotations slower and more expensive. Flotations are also traditionally underpriced on the day of listing to drum up investor interest. But a crucial advantage of Spac deals is that they are privately negotiated and avoid the risk of money being “left on the table”.

Relevant News Item 27th June 2021

ESG Funds And Management Fees.

Ricardo Jimenez (Sigma Rocket) | In the last 18 months, sustainability has definitely made its way to the top of investors’ agendas. Gone is the old Corporate Social Responsibility driven by companies, a kind of philanthropic activity towards society, corporate marketing with little interest for fund managers. This change in mentality, supported by the circumstances arising from Covid 19, is being driven directly by investors, both institutional and retail. There…

Relevant News Item 25th June 2021

Brits Can Now Go To Ibiza

Yesterday afternoon the UK changed its criteria and opened its hand by moving the Balearics, Malta and Madeira from the amber to the green list. This means that any British tourist will be able to travel to these three destinations from 30 June without quarantine on their return. They will not have to bring a PCR on entry to Spain, provided they have not travelled to another country in the…

Relevant News Item 23rd June 2021

We Need To Talk About Inflation

José Ramón Díez (CaixaBank Research) | While expected, the rise in inflation is causing discomfort due to the high levels that have been reached and the risk of it persisting at those levels for longer than desirable without investors being startled. The key is whether we are faced with an economy that is simply skidding around as it seeks to accelerate from 0 to 60 in a short time, in which case inertia will allow it to easily regain stability; or, on the contrary, overheating caused by an excessively expansive demand-focused policy could test the strength of the economic engine.

Relevant News Item 15th June 2021

Repsol To Build A 500 MW Solar Plant In The US With Investment Of Over 500 M$

Repsol (REP) has just submitted, via Hecatte Energy, an application to the New York State Office of Renewable Energy Siting to build a 500 MW solar plant in the towns of Elba and Oakfield. The plant will involve an investment of over $500 million and is expected to create more than 500 jobs during construction. It is capable of supplying 920,000 MWh of renewable electricity annually. This will be enough…

Spanish Ministry of Economy Nadia Calviño and Ministry of Finance María Jesús Montero

Relevant News Item 11th June 2021

Fiscal Inconsistencies Of The 2021 Budgets

Fernando González Urbaneja | The approval of the 2021 budget was one of the first successes of the coalition government headed by Pedro Sánchez. It was like a resistance test for the alliance that made the government possible, with partners in the government (the United-Power conglomerate) and occasional partners in Parliament (regionalists, nationalists and various pro-independence supporters). The budget was approved after previous failed experiences and the government felt ratified…

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