Envy is a bad counselor says the Spanish proverb. Well, this simple phrase seems to be true, at least in economic terms. The Bank of Norway has shown that if your neighbor wins the lottery, your debts and those of the rest of the closest neighbors will increase on average in an attempt to ‘appear’ … Read more
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
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
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
With the conceived idea that in most professions retirement comes with a certain age set by law, in 2021 at 66 years, however there are certain formulas by which to anticipate this retirement. Very marked from the previous four yearsTo be able to ‘hang up the boots’ at 62 years of age, a series of … Read more
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
The most valuable lesson we draw from the pandemic is that the market should not be questioned: it is much more correct than those who insist on the contrary. The doomsayers have screwed up dSince the end of the fleeting 2020 bear market unleashed by confinements. They questioned the continued rises as infections and restrictions … Read more
Fear once again took hold of investor sentiment on Monday, as a result of the rapid expansion that the omicron variant is starring across the planet. This variant, recognized just over a month ago in South Africa, has not been shown to be more severe, but it is much more contagious, which is already causing … Read more
Ismael Clemente and Santander give a truce. Although, it could be said that for the moment this battle has been won by the Extremadura manager, since he remains the CEO of Merlin Properties. This has been decided by the Socimi Board of Directors after a meeting that began at seven in the afternoon yesterday and … Read more
Historically, the old market saying implies that the first interest rate hikes by the Federal Reserve are “good”, especially in a scenario with relatively strong economic growth and a mid-cycle bull market. That said, from Bank of America, its chief strategist, Michael Hartnett, warns in a note to his clients that, on this occasion, the … Read more