The Community of Madrid has taken another step to increase the rate of vaccination in its territory and, taking advantage of the beginning of the school year, will administer doses in up to 13 centers in the region. In collaboration with the Red Cross , for what will be done in campaigns similar to those of blood donations, the objective is to finish inoculating the more than 300,000 university students that populate the Capitoline classrooms. With immunization over 70% of all young people in Madrid in the first dose, and about 60% complete pattern , the government led Isabel Diaz…
Author: Lauren Samson
China made an unprecedented intervention in the oil market, releasing for the first time part of its strategic reserve, with the explicit aim of lowering prices. China’s move joins the US public request to OPEC to increase production. The world’s two largest oil consumers are unwilling to tolerate prices much higher than $ 70 a barrel. Despite the efforts to maintain control, prices are recovering from yesterday’s losses. China begins a war against inflation and the rise in energy prices that hits all the economies of the planet. China announced yesterday (local time) yesterday through the National Food and Strategic…
The end of several toll road concessions on September 1 will have a direct effect on public budgets to be able to meet their maintenance costs. The Minister of Finance, María Jesús Montero, assured yesterday that the Government is studying that it be financed by means of a formula whereby this payment is generalized, instead of by the use of some section of the infrastructures, as is the case with the model of the tolls. The Minister of Finance defended the decision of the Executive of Pedro Sánchez not to renew the concessions of the current tolls. “It is regressive…
Tressis Cartera Eco30 , the first investment fund advised by a media outlet in Spain, has already accumulated a return of 16.64% so far this year, with data at the end of August. After drawing a new historical maximum in the middle of the month, the net asset value of this vehicle is now somewhat lower, at 122.87 euros. In August, where the good market performance has prevailed despite the specific tensions caused by the increase in regulatory pressure in China, the rise in infections caused by Covid or the uncertainty due to tapering, the fund advised by elEconomista has…
Two of the most profitable dividends of the EuroStoxx 50 are due soon : they are that of BNP Paribas (which is already confirmed for this month) and that of Intesa Sanpaolo (scheduled for October). Both companies, together with the oil company Eni, will be in charge of launching the European remuneration calendar after the summer break. Check here the calendar of the next dividends. Analysts recommend buying the BNP Paribas securities, which receives the second best recommendation from European banks (only improved by Austrian bank Erste). The market consensus collected by FactSet has been giving this advice to the…
In Spain electricity has never been paid so expensively, and although there is still an autumn ahead, winter is approaching. The electricity bill has reached historic heights this week, reaching over 140 euros per MW / h on Thursday. It is a worrying fact, which collides with the prices that were paid last year, close to 1 euro per MW / h at the cheapest times of the year, and close to 55 euros at the most expensive. But, even more worrying, is that the outlook is not good for the next few months. The relationship between the price of…
Recent allegations about mislabeled sustainable funds from Deutsche Bank fund manager DWS have triggered a domino effect in the financial market. The US Securities and Exchange Commission (SEC) and German market regulator Bafin were the first to react, launching an investigation. This, in turn, caused the German manager to drop 13% on the stock market, which also affected the price of Deutsche Bank. Now, asset managers fear it will snowball into a barrage of industry-wide sales . Desiree Fixler, former global director of sustainability at DWS, is the one who has sounded the alarm about the dubious requirements of the…
This is what is taken into account to raise the Minimum Interprofessional Salary. The Workers’ Statute regulates how this indicator should be reviewed The SMI refers to monetary remuneration, never to payments in kind. The Minimum Interprofessional Wage (SMI) has focused part of the political debate after months of waiting for its next increase, which, according to the Prime Minister, Pedro Sánchez, could take place between September and October . According to the Executive, the rise should be 15 euros by 2021, but … what is taken into account to increase the SMI? The Workers’ Statute makes it clear in…
Before the start of a new school year, and knowing the evolution of the pandemic, from the State Platform for Public School we state our deep concern about the relaxation of measures to guarantee the safety and health of teachers, students and students. their families, and we urge the Ministry and public administrations to reverse the cuts in the health of the people who participate in education. The organizations that are members of this platform are very negatively surprised that, both in the sectoral conference and in the rest of the forums where health and safety measures in the educational…
Abertis faces the end of two concession contracts in Spain this Tuesday, that of Acesa, the most important of the group in the world, and that of Invicat. This will have a severe impact on the income statement of the company controlled by Atlantia and ACS. Specifically, both concessions represent, together, 13.2% of revenues and 18% of gross operating profit (ebitda). The reversal of these contracts is added to the one that already took place at the end of 2019 with Aumar, another of its major projects. However, the firm led by José Aljaro has been preparing for years to…