The Civil Section of the Hearing of Girona has sentenced an insurance company to compensate a pizzeria with 6,000 euros that he claimed alleging a section in his policy that included the ‘stoppage of activity’ with an amount of 200 euros a day for 30 days. The restaurant contracted the policy on February 13, 2020 […]
Tag: economy / companies
Biden halts plan to force TikTok to sell its US assets
The Joe Biden administration suspended the plan to force TikTok to divest its US assets while assessing the alleged security risks of the popular Chinese app, The Wall Street Journal reported Wednesday. Citing unidentified sources, the outlet claimed that the new government had indefinitely archived the plan to demand the sale of TikTok, owned by […]
Insurers revolt before the ruling that forces them to compensate the closure by Covid: “It does not go into the bottom of the matter”
The ruling of the Girona Provincial Court that obliges an insurer to compensate a pizzeria for the loss of profits generated by the closure during the state of alarm has shaken the sector. It is a firm sentence that, above all, could set a precedent for new demands in the same direction and that has […]
The technological employers ask the private sector to monitor the Government’s distribution of EU funds
The technological employer’s association yesterday demanded that the professionals of the sector supervise or monitor the channeling of European funds. Pedro Mier, president of Ametic, warned that the use of these aids for digitization will end in “failure” if the private sector is denied participation in decision-making. At a press conference and asked about it, […]
Naturgy loses 347 million in 2020 after signing a new depreciation of assets for 1,363 million
Naturgy recorded some losses of 347 million euros in 2020, compared to the earnings of 1,401 million euros the previous year, after pointing out deterioration of 1,363 million euros due to a new review in the valuation of assets, mainly of conventional generation in Spain, reported the company. Specifically, the energy company indicated that, in […]
Germany intensifies the rescue to companies and families with more direct aid and reduces VAT to 7% for bars and restaurants until 2023
The German Government will reinforce with up to 10,000 new million euros the shield to protect families and companies from prolonged restrictions due to coronavirus and to promote economic recovery. There is no date for the entry into force of the new aid package agreed by the three parties that make up the coalition led […]
Alstom torpedoes the Parisian mega-contract of the Spanish CAF
Alstom has torpedoed the mega-contract that Bombardier and CAF achieved to supply 146 trains worth 2,560 million euros to the Parisian suburban network (RER). A contest in which his offer, 600 million more expensive, was defeated. The French giant has used all kinds of resources to delay the signing of the contract until the January […]
Banco Santander loses 8,771 million in 2020 due to provisions and write-offs
The entity increases the provisions for the coronavirus and assumes a deterioration of 12,173 million in the value of its subsidiaries in the United Kingdom, the United States and Poland Pandemic Banco Santander earns 40.8% less until September due to provisions From 50 years old Banco Santander will reduce its workforce by 3,572 employees early […]
Cellnex buys Hivory in France for 5.2 billion and increases capital by 7 billion
The Spanish company Cellnex buys the French company Hivory, with a portfolio of 10,500 telecommunications sites in France. The agreement contemplates an initial investment of around 5,200 million euros, as Cellnex has made known to the National Securities Market Commission (CNMV). In addition, the company has agreed on an investment program for the deployment of […]
Vodafone closes the year with fewer telephone clients but more television clients
Vodafone Spain’s service revenue, the sales that give a more faithful image of the course of the business, reached 957 million euros from October to December 2020, after falling by -1.1% compared to the same period of the previous year. In the previous quarter, the year-on-year drop was 1.8%. The data for the last quarter […]
