The government has decided to restrict flights from Brazil and South Africa for the next two weeks to stop the arrival in Spain of the new strains of Covid that exist in these two countries, according to the Government spokesman, MarÃa Jesus Montero, after the meeting of the Council of Ministers. The measure will take […]
Tag: economy / companies
The taxi sector claims 2,000 million euros from the Community of Madrid for authorizing the VTC
The taxi revolts against the new regulation for the sector proposed by the Community of Madrid and the Department of Transport, Mobility and Infrastructure led by Ãngel Garrido. One of the main groups in this field, the Professional Taxi Federation of Madrid (FPTM), has stated that it will request compensation for more than 2,000 million […]
GameStop bubble begins to decline: sinks 80% as momentum deflates from Reddit
The GameStop bubble begins to deflate with the same force that it inflated. The shares of the video game store chain, which have risen up to 1,600% since the beginning of the year, have lost three-quarters of their accumulated value in these sessions on Tuesday at the plummet up to 80% from last week’s highs. […]
Sabadell touches the ‘red numbers’ after covering against Covid and signs in the ‘superbank’
Banco Sabadell closed the year 2020 touching the ‘red numbers’ after reduce 99.7% of your profit. The financial group earned two million euros at the end of the period by making extraordinary provisions of 2,275 million to cover the deterioration of the economy in the markets where it operates -mainly Spain- and to clean up […]
Nights in non-hotel accommodation plummet 58% due to Covid in 2020
Overnight stays made in 2020 in tourist accommodation that are not non-hotel hotels, such as apartments, campsites, rural tourism accommodation and hostels, fell almost 59% due to the pandemic. They reached 52.2 million, according to provisional data published this Monday by the National Institute of Statistics (INE). As with hotels, the collapse of foreign tourism […]
The great fear of SMEs: they will lose 1,100 million a week if there is a new confinement
The Spanish Confederation of Small and Medium Enterprises (Cepyme) and Ceprede warn that a new confinement would make SMEs lose 1,100 million euros every week. In addition, 300,000 jobs would be affected, according to a study collected by Europa Press. A confinement similar to that of April, both organizations explain in this study, would cause […]
Tubacex explodes in the stock market after an attempt to imitate the GameStop case in Spain
The stock market earthquake caused for days on Wall Street by the case GameStop it continues to leave aftershocks in world markets. The last one could have taken place in Spain, taking into account the behavior of the shares of Tubacex this Monday. The company rose 15% during the session after a group of private […]
Spanish airports will have spaces to test Covid tourists who return to their destination
A total of 15 Spanish airports will have spaces dedicated to conducting diagnostic tests for Covid in the departure areas. Will be made to passengers who are in Spain and have to return to their countries of origin. Tourists entering Spain from another destination must provide the PCR test performed in the country of origin, […]
CaixaBank and Bankia trust that the CNMC will approve their merger without conditions
CaixaBank and Bankia believe that they will pass the Competence test on their merger and that they will do so even without restrictions from the supervisor. The president of the Madrid bank, Josà © Ignacio Goirigolzarri, was blunt yesterday in foreseeing that there will be no conditions on the part of the CNMC, considering that […]
BBVA finalizes a cost adjustment in Spain and boosts the dividend after leaving the US
BBVA opens the door to a restructuring of the workforce and branch network in Spain in line with those that other large banks are undertaking. The group that leads Carlos Torres Until now, it had denied its intention to face an extraordinary reduction of costs in this way, although it justifies that “the changing needs […]
