The Governor of the Bank of Spain, Pablo Hernández de Cos, calls on the Government for a shift in the economic stimulus policies used to deal with the effects of the coronavirus to focus on the solvency problems that already drag thousands of companies. “The persistence of the crisis has caused companies to be clearly […]
Tag: economy / companies
IAG loses 6.9 billion in 2020 due to the pandemic
IAG, the group that owns airlines such as Iberia, British Airways or Vueling, lost a total of 6,923 million in 2020 Euros due to the collapse of air traffic as a result of the pandemic. In 2019, it had obtained a profit of 1,715 million euros, according to the group this Friday. The various restrictions […]
Cellnex, 25,000 million purchases in just 14 months: “We are the largest investors in Europe in telecommunications infrastructures”
Cellnex continues its incessant investment rhythm, which is close to 37,000 million euros since the birth of the company in 2014, which reached 16,000 million in the 2020 financial year and which continues with the operation announced this Friday: the acquisition in Poland of Polkomtel Infrastruktura for 1,600 million euros. “We are the company that […]
Telefónica shoots up its profits and cuts the dividend to shareholders
Telefónica has improved its profit in the year of the pandemic by 38.5%, to 1,582 million euros. The operator has achieved better results even with a decrease in revenue, which amounted to 43,070 million euros in 2020, 11% below the turnover of the previous year. The company chaired by Josà © MarÃa Ãlvarez-Pallete has also […]
Felipe VI supports SMEs: “Ensuring that your activity can be carried out in the best conditions is necessary”
Felipe VI presided over this Friday, February 26, the delivery of the IV National SME Award of the Year. An event organized by Banco Santander and by the Chamber of Commerce that has counted on first time with the presence of the King, something that all the representatives of the sector summoned in the delivery […]
El Corte Inglés plans a staff cut that will affect 3,000 people
Tomorrow the English Court will propose to the unions a plan to face the impact that the pandemic is having on their business and what happens, among other things, to do a staff cut that will affect 3,000 people. “The goal is to adapt to new circumstances and adapt the company’s resources to current needs […]
Extremadura cigar makers light the fuse of the demonstrations in the Spanish countryside
The Extremaduran cigar makers -which produce more than 97% of this product from all over Spain- have lit the fuse again this Friday of the demonstrations in the Spanish countryside, parked just a year ago due to the pandemic. To do this, they have chosen the same symbolic place where in February 2020 the then […]
Aena registers losses of 126.8 million, the first since 2012, due to the impact of the pandemic
Aena, the manager of Spanish airports, It registered losses of 126.8 million in 2020, after falling its income by 50%, to 2,242.8 million, due to the impact of the pandemic. They are the first losses in eight years, since 2012. In 2019, before Covid, Aena had had a profit of 1,442 million. In just one […]
BBVA prepares an ERE for 3,000 employees in Spain
BBVA prepares an ERE with which it plans to cut 3,000 jobs in Spain, which would represent 10% of its workforce. The bank wants to carry out an adjustment plan in the first half of the year to reduce its costs. The group had already opened the door to this possibility at the end of […]
Canada teams up with Australia to get Facebook and Google to compensate publishers
Canada joins Canada’s position vis-Ã -vis the digital giants for companies such as Google and Facebook to remunerate the journalistic work of the media. “The prime ministers have mentioned the growing cooperation between Canada and Australia in the regulation of online platforms. They have agreed to continue coordinating efforts to address the damage online and ensure […]
