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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.

In the World 11th September 2026

Trump wants to buy votes – at $5,000 each – for the November elections

Donald Trump announced a policy proposal at the Republican Midterm Convention in Dallas: he promised to deliver a $5,000 “Trump Dividend” to every adult U.S. citizen if the Republican Party retains control of the House of Representatives and the Senate in the midterm elections. Under the slogan “if the Republicans win, you win with us,” the president claimed that the payment would be funded by revenues derived from his trade…

In Spain 11th September 2026

The Supreme Court suspends the electoral effects of a “Grandchildren Law” that had already generated nearly half a million new voters

The Third Chamber (Administrative Litigation) of the Supreme Court has issued a precautionary suspension of the electoral effects linked to the “Grandchildren Law” (eighth additional provision of the Democratic Memory Law). The decision comes in response to appeals filed against a ministerial instruction that arbitrarily broadened the criteria applied in consulates following the law’s entry into force. The instruction in question applied a blanket presumption of exile status to those…

Companies, Relevant News Item 11th September 2026

Morgan Stanley, holder of STC’s shares in Telefónica, reduces its stake from 13% to 8.3%

The adjustment in the reported stake by the US firm is due to the expiration of a portion of the financial derivatives used to hedge STC’s position in Telefónica. US investment bank Morgan Stanley has reduced its stake in Telefónica to 8%, a move that places the current value of its position at €1.726 billion, according to filings with the Spanish National Securities Market Commission (CNMV). Specifically, the entity’s holding…

European economy 11th September 2026

ECB raises rates by 0.25 to 2.5%: Prices rise, and so does the cost of money

Julian Marx (Flossbach von Storch) | Strength lies in calm, and this applies to monetary policy as well. As a rule, the European Central Bank (ECB) avoids generating unnecessary suspense before potential changes in interest rates. This occasion was no different: Bundesbank President Joachim Nagel virtually previewed the rate decision when speaking to the French newspaper Le Monde in early September: “Inflation is currently very far from our medium-term target…

Companies, Relevant News Item 10th September 2026

Naturgy’s chairman asserts that Spain’s Energy Plan is obsolete

Francisco Reynés, executive chairman of Naturgy, considers that the National Integrated Energy and Climate Plan (PNIEC) has already become obsolete given the pace at which the energy sector and the international landscape are evolving. “The National Integrated Energy and Climate Plan, from my perspective, has already become obsolete. Even the latest update lies far behind, not so much in terms of time, but when compared to all the events that…

Spanish economy 10th September 2026

Spain fails to close its 22-point productivity gap with Europe

Spain has spent nearly three decades without managing to converge in productivity with the most advanced European economies. Despite the economic growth and job creation recorded in recent years, the Spanish productive model continues to face serious difficulties in generating a sustained increase in value added per hour worked. This was highlighted by experts from the General Council of Economists of Spain (CGE) and the Foundation for Applied Economics Studies…

Companies, Relevant News Item 9th September 2026

Inditex increases sales and net profit by 7% in the first half

Inditex maintained solid operational momentum during the first half of fiscal year 2026, delivering strong top-line growth and expanded margins across its core international markets. James Grzinic (Jefferies) says: ITX’s Q2 confirms an 8.1% YoY EBIT gain (3% shy of cons largely due to dd opex increases) as org growth of 9.5% was accreted by gm expansion of 22bps partly diluted by ope increases in excess of 10% (perhaps reflecting…

In Spain 9th September 2026

PISA Report: Spain records the worst results in its history in Reading, Mathematics, and Science

The 2025 PISA Report is devastating. Spain has recorded its worst historical results in Science, Reading, and Mathematics—the three main core competencies measured by the PISA assessment. It scored “significantly lower” than the average for EU and OECD countries, coming in at 477 compared to 482 and 481, respectively. The data released this Tuesday by the OECD shows that 15- and 16-year-old students in Spain have seen their scores decline…

Companies, Relevant News Item 8th September 2026

OHLA asks banks and bondholders for a default waiver over the latest Qatar court ruling

OHLA has asked its creditors for a waiver to breach certain terms of its financing agreements following a recent ruling by Qatari courts ordering the construction company to pay 26.4 million euros in damages to Kentz and Voltas, subcontractors for the Sidra Hospital project in Doha. The Qatari court dismissed the cassation appeals filed by the joint venture formed by OHLA and Contrack Cyprus, as well as by Kentz Qatar…

Spanish economy 8th September 2026

Spain: Housing prices rise by 12% annually, triple the rate of wage growth

According to data released by the National Statistics Institute (INE), the year-on-year variation in the Housing Price Index (IPV) moderated by 0.7 percentage points in Q2 2026, settling at 12.2% (down from 12.9% in Q1 2026). By property type, new home prices grew at an annual rate of 7.4% in Q2 2026, representing a 1.7 percentage point moderation compared to the previous quarter. Meanwhile, second-hand home prices rose by 12.9%…

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