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Ferrovial construcción

In the World 6th February 2025

Ferrovial to modernise electrical infrastructure between Grain and Tilbury for National Grid for €276 million

Alphavalue / Divacons | The Spanish construction, services and concessions company, through its UK Construction division, will carry out the £230 million (around €276 million) project to modernise the electrical infrastructure between Grain and Tilbury for its new client, National Grid, which manages the UK’s electricity grid. The project is part of a broader programme of infrastructure modernisation and improvement promoted by National Grid as part of The Great Grid…

airtificial robot

In the World 6th February 2025

Airtificial signs two automotive projects, one in China and one in India

Link Securities | Airtificial (AI), through its Intelligent Robots business unit, has signed two automotive projects for the design, manufacture and turnkey delivery of linear systems in India, for the assembly and verification of driving systems, and in China, for the assembly of electric steering, according to the Bolsamanía portal. Their manufacture is part of the company’s global geographical diversification plan, and they strengthen its position in electric mobility, while…

donald trump

In the World 5th February 2025

Mexico and Canada negotiate with Trump to delay tariffs in exchange for stricter measures against immigration

BancaMarch | First Mexican President Claudia Sheinbaum and then Justin Trudeau negotiated through telephone conversations with Trump to delay tariffs in exchange for stricter measures to combat immigration and cross-border drug trafficking. The planned measures consisted of imposing tariffs of 25% on imports from Mexico and Canada, with the exception of Canadian energy products, which would be subject to a 10% tariff. The White House executive orders do not contemplate…

eeuu supermercado consumo

In the World 5th February 2025

PCE rebounds in December to 2.6% year-on-year, core remains at 2.8%

Link Securities | The Commerce Department released on Friday that personal income rose 0.4% in the US in December from November, a reading that was in line with the FactSet consensus of analysts’ expectations. Compensation of employees rose 0.4 per cent in the month, driven by private wages and salaries (0.4 per cent). Personal spending rose 0.7% in December from the previous month, significantly more than the 0.5% expected by…

Telefonica Prosegur

In the World 4th February 2025

Telefonica Brazil proposes two-step, six-month split to reduce operating and administrative costs

Link Securities | Telefonica’s Brazilian subsidiary has initiated a process of grouping and then splitting its shares in order to reduce operating and administrative costs and be more efficient in distributing profits to the firm’s shareholders, digital portal Bolsamania.com reported on Friday. According to the company, which operates under the name Vivo, the move will be put to a vote at an extraordinary general meeting on 13 March. If approved,…

Inditex forfrom

In the World 3rd February 2025

Inditex opens first For&From shop in Mexico

Link Securities | Inditex (ITX) has announced the opening of the Group’s first For&From shop in the Aztec country, in the Samara Shops shopping centre in Mexico City. Mexico is the fourth market in which the company has incorporated this format of shops for the social and occupational integration of people with disabilities, after the openings in Spain, Italy and Portugal, according to Bolsamania. The company explained in a statement…

The winners and losers of new Nafta

In the World 3rd February 2025

Trump wages war with tariff weaponry

Juan Pedro Marín Arrese | The sweeping tariffs on Canada, Mexico and China do not stem out of protectionism. In Trump’s mind they simply amount to massive destruction weapons aimed at waging wars without casualties. He aims to submit and bully every nation on earth be it a friend or a foe. For all we know that difference doesn’t really matter. The longstanding close alliance between the US and its…

infraestructuras australia

In the World 31st January 2025

ACS and Acciona on EnergyCo’s shortlist to build one of largest high-voltage projects in Australia, with €700 million investment

Link Securities | ACS (ACS) and Acciona (ANA) are on the shortlist selected by EnergyCo, the public utility of New South Wales (Australia) to build one of its largest high-voltage projects, according to Expansión on Friday. The project is the Hunter Transmission project, a 110-kilometre section north of Sydney that involves the construction of a new 500 kilovolt (kV) transmission line. The estimated investment in the project is AU$ 1.1…

eeuu capitolio

In the World 31st January 2025

Trump’s plan to freeze government programme grants and loans blocked

BancaMarch | Trump’s plan to freeze government programme grants and loans has been blocked. The new administration’s measures have caused a stir across the country, as they could freeze payments to medical research programmes, road construction or natural disaster aid. The federal judge issued the temporary stay just minutes before the executive order was due to take effect and scheduled a hearing for 3 February. The White House has issued…

chair powell

World economy 30th January 2025

Powell’s wait-and-see stance

Juan Pedro Marín Arrese | Jerome Powell made it clear at the press conference following the Fed’s meeting that he and his colleagues are in no hurry to adjust rates. They will only move should prices undertake further progress to converge with the 2% target or the economy markedly cool down, sharply deteriorating employment. Carefully avoiding casting comments on the new administration’s policies, he emphasised the Fed’s commitment to independence…