Business News & Financial News

In Spain 27th April 2024

The Spain of Pedro Sánchez: when black is white

A.J.A. | Unusual: The PSOE denies the evidence and backs Pedro Sánchez, who, surrounded by corruption, speaks of “harassment” and lashes out against the right, the ultra-right, the judges, the press… On the same day a judge opened proceedings to find out whether the president’s wife had committed any criminal offences (an opening of proceedings that, in another unprecedented decision, has been appealed by the public prosecutor’s office, which depends…

European economy 25th April 2024

German government revises 2024 growth estimates upward from 0.2% to 0.3% year-on-year

Bankinter : The German government has improved its growth estimates for 2024. It revises upwards by one tenth of a percentage point to +0.3% YoY (vs +0.2% prev.) the GDP growth expected this year. Maintains the estimate of +1.0% for 2025. Analysis: Positive news. The German government expects both consumption and industrial activity to perform better than estimated this year. The good evolution of inflation (+2.2% in March), the likely…

World economy 26th April 2024

Thin air ahead for the equity markets

Bert Flossbach (Flossbach von Storch) | The AI boom has also had an impact on the equity markets, and not just on the supposedly immediate winners. The valuation of US equities, which make up a good two-thirds of the MSCI World Index, has recently risen further and, with a price-to-earnings ratio (P/E ratio) of 23.4, has reached an above-average level, even in an historical context. It is now common knowledge…

“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

“In banking funds, there are sales targets and conflicts of interest”

“An electric car in Germany today emits more CO2 than a diesel or a petrol car. That’s the reality, because 50% of electricity is generated with coal”

The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…

…in the last week