No one expected good news, and it has been. “Disastrous”, “unusual”, “debacle”. The president of Tourism Costa del Sol, Francisco Salado, has spared no adjectives to describe the average fall of 75% that has marked the 2020 tourist exercise and has put into perspective the destruction that the pandemic has caused in the sector by […]
Tag: Economy
Banks drive the biggest rise in the Ibex 35 in two months with an advance of 3.2%
Neither the elections in Georgia nor the approval in Europe of Moderna’s vaccine, the great protagonists of the Three Kings’ day in the Ibex 35 have been the banks, which have led the selective to their biggest increase in two months with an advance of 3.2%, up to 8,350 points. After losing more than 35,000 […]
Tubos Reunidos asks Sepi for a rescue of 115 million after the stoppage of half of its contracts
Tubos Reunidos has requested financial support for an amount of about 115 million euros to the Support Fund for the Solvency of Strategic Companies affected by the pandemic that is managed through the SEPI, the Basque pipeline reported. Specifically, it has asked the fund for a participating loan for an amount of approximately 100 million […]
Why Exchanges Ignore the US Capitol Assault and Hold on to the ‘Blue Wave’
One thing is what happens at the political level and another is how investors interpret it. The historic and spectacular storming of the US Capitol by a tide of Donald Trump supporters has hardly disturbed the markets. Far from being intimidated by the riots, the stock markets look at the results of the Georgia elections, […]
Tubos Reunidos requests 115 million from the rescue fund as its production falls by 80% due to the Covid-19 crisis
Assembled Pipes, a company with 125 years of history, has claimed the Government of Pedro Sánchez their help to ensure its continuity in 2021. The Alava industry has registered with the State Society for Industrial Participations (SEPI) a total of 115 million euros through individual loans participatory (100 million) and ordinary (5 million) with which […]
“Recovering employment is essential to return to confidence in 2021”
Consumer credits have been an important tool for reactivating the economy in the midst of a pandemicBut big challenges are faced as consumption has plummeted and there is uncertainty about the economic outlook. The purchase of goods and services has plummeted and in the second quarter of 2020 there was a 20% drop in new […]
Boeing will pay 2 billion to the US to close an investigation of its 737 MAX aircraft
The US Department of Justice announced Thursday that it reached an agreement with Boeing whereby aeronautics will pay 2.5 billion dollars (slightly more than 2,000 million euros) to close an investigation of its 737 MAX aircraft in which it was accused of withholding information from the regulator about the design flaw which caused two fatal […]
Tourism in the Canary Islands collapses in high season, while Catalonia and Madrid disappear as destinations
The month of November has also been devastating for tourism in Spain: the arrival of 456,956 international visitors has been registered, 90.2% less than in the same month of 2019, and total spending has decreased by 90 , 8%, to stay at 467 million euros, as shown by the sectorial data provided this Tuesday by […]
The World Bank warns that the delay in vaccination would slow world growth to 1.6% in 2021
The global economy will grow 4% in 2021 and 3.8% in 2022, after suffering a contraction of 4.3% in 2020, assuming that the initial distribution of Covid-19 vaccines is expanded to throughout the year, according to the latest projections from the World Bank, which warns that, if infections continue to increase and vaccine distribution is […]
On the minister’s intentions
We began the year with a triple announcement from Minister MarÃa Jesús Montero. The first, the creation of a committee of experts to advise on the comprehensive reform of the Spanish tax system. We need it; and a lot. We have spent decades of patches and fixes, without going deep, without adapting the system to […]
