The famous glassware francesa Duralex finally got a buyer this week that saved it from bankruptcy and will be able to continue producing its glasses with fame of unbreakable, present for years in the kitchens of many countries around the world. The commercial court of Orleans on Thursday gave its approval to the offer presented […]
Tag: Economy
Bank of Spain inspectors warn: “Mergers may be creating banks that are almost impossible to rescue.”
The disturbing letter to Parliament from the association brings together the bulk of the Inspection. They warn that mistakes from the past are being repeated in the new wave of bank mergers and that the pandemic accentuates “the vulnerability” of the system “Our country has already embarked on a relevant concentration process, so the implementation […]
Xiaomi sues the US Government for including it on a blacklist
The Chinese technology company Xiaomi has filed a lawsuit against the Defense and Treasury departments of U.S for having included it in a black list of companies with supposed ties to the Chinese Army, according to the official press of the Asian country today. Xiaomi thus joins other Chinese technology companies such as ByteDance -developer […]
Prices rise 0.6% in January, the first rebound since the coronavirus
Prices have risen 0.6% in January compared to the same month of 2020, a rate that is 1.1 points above that of December last year (-0.5%) and that represents the first rebound since the start of the coronavirus pandemic, according to the data advanced this Friday by the National Institute of Statistics (INE). If this […]
Renfe will put Ave tickets on sale at 15 euros on Monday
Renfe is going to put up for sale Ave tickets at 15 euros on an offer that will last two weeks. The promotion is part of the celebrations of the 80th anniversary of the brand and the National Rail Network and will begin on Monday, February 1. These discounted Ave tickets can be purchased from […]
Retail sales plummeted 7% in 2020, the first and biggest drop since the previous crisis
Retail sales plummeted 6.8% in 2020 due to the pandemic. It is the biggest decline since 2012 and the first drop since the last economic crisis, according to the data published this Friday by the National Institute of Statistics (INE). This collapse is due to the restrictions derived from the health crisis. In fact, although […]
Bank portability: change bank and mobile operator
There may be multiple causes that motivate a change of entity, from new linkage requirements or a commission increase, until the existence of offers with much more advantageous characteristics available in other banks. However, the process of changing accounts and banks can be seen as somewhat tedious, since this change involves transferring the source of […]
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 […]
GDP collapse: has the pandemic affected other countries as much as Spain?
The figure published by the National Institute of Statistics leaves no room for doubt: Spain’s GDP fell by 11% in 2020, the worst result in history in peacetime. Although Spain has not been the only country that has suffered this financial setback derived from the pandemic, its fall has been one of the hardest. The […]
Germany closes its borders this Saturday to citizens from countries with variants of coronavirus
The nationals and citizens of those countries residing in Germany, passengers in transit and transporting goods, escape this restriction. Germany will ban from this Saturday the entry into the territory of citizens from countries with high rates of infection by variants of coronavirus, according to the Interior Ministry. The countries affected by the measure are […]
