The great threat to wages and productivity of the future is Spain’s own economy

Spain has suffered for decades from low productivity and mediocre growth in real wages (discounting inflation). Politicians, media or analysts try to find quick solutions (minimum wage, Rider Law …) to a complex problem whose permanent solution may require years of costly transformation and investment. The problem of productivity has to do, above all, with … Read more

Cinven renews its alliance with Enel and reinvests in Ufinet Latam, valued at 2,500 million

New large corporate operation in the fiber optic market. The private equity British Cinven has signed an agreement to reinvest in Ufinet Latam, Gas Natural Fenosa’s former international fiber optic business, through its seventh fund, called Cinven Fund VII, to continue taking advantage of the group’s growth potential. The complex operation, which includes several parallel … Read more

Finland opens its new nuclear power plant 13 years late and with an extra cost of 11,000 million

The Finnish electricity company Teollisuuden Voima Oy (TVO) has launched its new Olkiluoto 3 (OL3) nuclear reactor on Tuesday, which is a step prior to the completion of a project that accumulates not only 13 years of delay but multimillion-dollar cost overruns. OL3, built by a consortium formed by the French group Areva and the … Read more

UK will give 1 billion pounds to hospitality to compensate for “unofficial lockdown”

The United Kingdom Government has presented an additional assistance plan endowed with 1,000 million pounds (1,177 million euros) in support of the hospitality and leisure sector in the face of the impact of the new omicron variant of the coronavirus. Finance Minister Rishi Sunak announced this package of measures at the beginning of an ‘unofficial … Read more