73% of British companies see a bad climate for business in Spain

23/11/2020 11:52Updated: 11/23/2020 12:06 PM

United Kingdom stayed in the first semester of the year As the second country that has invested the most in Spain Despite the Covid crisis and Brexit, with 1,004 million euros, only behind Switzerland, although British investment in Spain decreased by 68% in the first six months of the year compared to 3,125 million last year.

In addition, 44% of British companies plan to reduce their investments this year in Spain and 45% to maintain them in 2021, while a 73% see bad or average weather to do business.

This is clear from the results of the VI Barometer on climate and prospects for British investment in Spain, presented this Monday by the British Chamber of Commerce in Spain and developed jointly with Analistas Financieros Internacionales (Afi), which highlights that despite the lower investment, the positive records of British foreign direct investment (FDI) in Spain continue.

E. Sanz

A figure that represents just over 1% of GDP, according to data from addmeet.com, a portal specializing in auctions and private online sales of plots and buildings.

Only in two of the last 15 years has British FDI in Spain registered more divestments than investments, which has allowed the United Kingdom to go from being the sixth largest investor in Spain in 2015 to the second today.

In addition, in the 16 quarters since the Brexit referendum, these British investment flows to Spain have amounted to 14,665 million euros and represented 13% of all foreign investment received by Spain.

Until June, Switzerland (2,963 million) led foreign direct investment in Spain, followed by the United Kingdom (1,004 million), France (766 million), Japan (514 million), Germany (465 million), USA (316 million) ) and the Netherlands (172 million).

In the first half of 2020, demarcation most benefited by British FDI was Madrid, with an investment of 773.1 million that almost multiplied by five those of the second classified, Catalonia, with 165.7 million, and by thirty those of the third, Andalusia, with 26.1 million.

Regarding the regions that have benefited the most from British investment in the recovery period since 2014, Madrid, with 10,671 million, once again leads a ranking completed by Catalonia (2,164.8 million) and the Basque Country (1,871.8 millions).

During the presentation of the barometer, the UK Ambassador to Spain Hugh Elliott, stressed that the data is an “excellent example of the strong commercial relationship between the United Kingdom and Spain”. “The United Kingdom is the main investor of the European Union in Spain, this close economic and friendly relationship will continue after the transition period,” he predicted.

For his part, the Mayor of Madrid, José Luis Martínez-Almeida, has underlined “the stability of the relationship between Spain and the United Kingdom, and how 34% of the foreign investment made from the Community of Madrid is also directed to the British country”.

Almeida has guaranteed that the Community and the Madrid City Council will continue “with the model of the last decades, of openness, low fiscal pressure and continuous effort for the sake of regulatory simplification to provide the region with a framework of conditions and sufficient stability so that those who want to invest in Madrid can continue to do so. “

British installed investment reaches a new record

In 2018, the last year for which the stocks of foreign direct investment in Spain, United Kingdom was the second most important investor for the fourth consecutive time, continuing the uninterrupted growth of this stock since 2013 and placing it at a record figure of 63,225 million euros, which represents 14% of total FDI in Spain, only exceeded by the United States (17%) and ahead of France (12%), Germany (10%) and Italy (9%).

By sectors, this stock it is distributed above all by energy, with 10,745 million of installed investment, four times more than in 2016, that of telecommunications (8,917 million), tobacco (6,177 million) and the manufacture of basic products of iron, steel and ferro-alloys (4,982 million).

The president of the British Chamber of Commerce in Spain, Luis Pardo, has highlighted that the British stock is “markedly productive and supports 235,600 jobs, 60% direct”, a figure that together with others “prove the good health of the company. bilateral relationship between the two countries even in a context impacted by a global pandemic and the increasingly imminent outcome of Brexit. “

Most see bad or regular business climate

On the other hand, the VI Barometer on climate and prospects for British investment in Spain of the British Chamber of Commerce in Spain also incorporates a survey conducted between the months of July and October this year to the more than 1,550 companies active in Spain with British majority capital.

The survey reflects a “notable deterioration” in the perception of the climate for doing business due to the collateral effects of the Covid crisis, since if a year ago only 19% of those surveyed called regulating the business climate in Spain and none They considered it bad, today 73% opt for those two options, a figure similar to that of those who in 2019 believed that it was good or acceptable (81%).

The climate data is also obtained averaging nine themes and the nine have worsened their scores compared to last year, including those related to political risk, the labor market or the degree of digitization of our economy.

In addition, prior to the covid crisis, 58% believed that it would grow in 2020, while in the post-Covid-19 world, 93% expect it to fall this year, and 47% that it will continue to do so in 2021.

Regarding their investment prospects in Spain, 44% of British companies plan to reduce them compared to 2019. Looking ahead to 2021, their maintenance predominates (45%) and, both this year and next, their main focus will be be taking advantage of opportunities derived from the pandemic.

Finally, there continues to be a low impact of Brexit on the investment disposition of British companies in Spain, since only 20% attribute the decrease in their investments this year to the United Kingdom’s exit from the European Union, a decision that they impart especially fears of the appearance of regulatory requirements or barriers (62%) or of tariff costs (43%).


Trump and Xi will coincide in virtual Asia-Pacific summit on the world economy

KUALA LUMPUR, Nov 20 (Reuters) – US President Donald Trump and his Chinese counterpart Xi Jinping will attend a virtual summit of Asia-Pacific leaders on Friday to discuss the coronavirus and global economic recovery, and it is Lingering trade differences are likely to cloud the meeting.

An advertisement displays the flags of the United States and Papua New Guinea one day after the end of the Asia Pacific Economic Cooperation (APEC) Forum, in Port Moresby, Papua New Guinea, November 19, 2018. REUTERS / David Gray

Both leaders will lead the meeting of the leaders of the 21 nations of the Asia-Pacific Economic Cooperation (APEC) Forum, organized by Malaysia, just two weeks after Trump lost the US elections.

Asia-Pacific leaders have called for more open and multilateral trade to support economic recovery, and have warned against protectionist trade policies.

After coming to power in 2017, Trump slapped tariffs on billions of dollars of Chinese goods, sparking a trade war between the world’s two largest economies.

At the last APEC summit, in 2018, member countries failed to agree on a joint statement for the first time in the bloc’s history, as the United States and China disagreed on trade and investment.

In the run-up to Friday’s meeting, several APEC leaders warned against protectionism as the world grapples with the economic impact of the new coronavirus.

“As we face the greatest economic challenge of this generation, we must not repeat the mistakes of history by backtracking into protectionism,” New Zealand Prime Minister Jacinda Ardern said during her remarks at the APEC CEO Dialogues on Friday.

“APEC must continue to commit to keeping markets open and trade flowing.”

Xi, for his part, said Thursday that “increasing unilateralism, protectionism and intimidation, as well as the backlash against economic globalization” had increased risks and uncertainties in the world economy.

The president noted that China will remain committed to multilateralism, openness and cooperation.

Other leaders from the Asia-Pacific region have also expressed hope that the Joe Biden administration will support multilateral trade.

Japan aims to expand the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership trade pact, Japanese Prime Minister Yoshihide Suga said on Friday, which could satisfy the interest of China and the United Kingdom to join the agreement.

Information from Rozanna Latiff and A. Ananthalakshmi; additional information from Kiyoshi Takenaka and Ju-min Park in Tokyo; edited by Sam Holmes; translation by Jorge Martínez


UK to ban the sale of new gasoline and diesel vehicles from 2030

LONDON, Nov 18 (Reuters) – Britain to ban the sale of new gasoline and diesel cars and vans from 2030, five years ahead of schedule, following the so-called “green revolution” that Prime Minister Boris Johnson is considering leading. carried out in order to reduce emissions to net zero by 2050.

FILE PHOTO: An exhaust pipe in the City of London, UK, on ​​December 2, 2016. REUTERS / Peter Nicholls

Johnson, who is grappling with Europe’s deadliest crisis in the COVID-19 pandemic, Brexit trade negotiations and the departure of his top adviser, wants to underscore his green credentials as part of what he hopes will be a rethink. of your Government.

“Now is the time to plan for a green recovery with highly skilled jobs that give people the satisfaction of knowing they are helping to make the country cleaner, greener and more beautiful,” Johnson said in a column published Tuesday in the Financial Times.

The United Kingdom last year became the first G7 country to set a net zero emissions target by law by 2050, which will require major changes in the way Britons travel, use energy and source food. .

In total, the plan would mobilize 12 billion pounds ($ 16 billion) of government money, and the amount from the private sector would triple that amount. The project would create 250,000 highly skilled green jobs by 2030, according to Johnson.

The new date for the ban on new gasoline and diesel cars has been set for five years ahead of the one foreseen and promised by Johnson, in February 2035.

An additional 200 million pounds would create industrial clusters that would bring together technology to capture, store and use carbon dioxide emissions by the mid-2020s. Two other centers are also being projected for 2030, leading to total investment in the technology. to 1 billion pounds.

Johnson, who has pledged to increase the UK’s offshore wind power to 40 gigawatts by 2030 – from 10 gigawatts today – pledged to contribute up to £ 500 million for projects testing the use of hydrogen, including heating and cooking. .

The government would also help develop large and small-scale nuclear plants.

Johnson’s plan was applauded by the industry.

“It gives a springboard to the huge investment opportunities across the UK and the green jobs that a true low carbon economy can bring,” Josh Hardie, Acting Director of the Confederation of British Industry, said in a separate statement.

Information from Susanna Twidale; edited by Guy Faulconbridge and Edmund Blair; translated by Andrea Ariet in Gdansk


Censorship in the White House

Donald Trump he is not limiting himself only to propagating urbi et orbe that the elections that will remove him from power are fraudulent. As the hours pass, the States where the votes have been counted and recounted certify that the scrutinies have been correct. Meanwhile, the outgoing president continues to make decisions, dismissing officials and replacing them with others he fully trusts.

The Secretary of State, Mike Pompeo he seconded it by reiterating to the international community that the elections have not been resolved. In addition, Trump keeps the process for the transfer of powers paralyzed on January 20. He has prohibited those in charge of negotiating the transfer to speak with representatives of Biden. And what is more regrettable: he has given the order to block the congratulations and correspondence that are addressed to Biden in his capacity as president-elect.

The censorship imposed on correspondence keeps hundreds of congratulations from heads of state from around the world blocked. So far only four countries, Brazil, Mexico, Russia and China have refused to recognize him. Of course, Biden is not wasting his time. Is aware of the problems

he will inherit in the field of international relations and has already begun to maintain direct contacts.

The round was started with the Prime Minister of Canada, Justin Trudoau, followed by the Chancellor of Germany, Angela Merkel, French President Emmanuel Macrón and “British Prime Minister Boris Johnson. He has also spoken with the heads of government of Japan, Australia and South Korea. There is no precedent for an elected president to be subjected to such censorship.


GLOBAL MARKETS-Biden’s Win Drives Stocks to New Record; dollar remains weak

A market trader looks at monitors with the Nikkei index and the news about the US elections at a brokerage in Tokyo, Japan. November 9, 2020. REUTERS / Issei Kato

MILAN / SYDNEY, Nov 9 (Reuters) – Global stocks hit a new record on Monday and the dollar remained weak, as expectations for improved global trade ties and more monetary stimulus under a US presidency of Joe Biden they supported the appetite for risk.

* The MSCI World Stock Index, which includes stocks from 49 countries, improved 0.5%, hitting a new record in the early hours of European trading. On Friday he had posted his best weekly profit in almost seven months.

* On Wall Street, E-mini futures on the S&P 500 index jumped more than 1.4%, while those on the Nasdaq rose more than 2%, on the verge of a new all-time high.

* MSCI’s broader index of Asia Pacific equities excluding Japan soared 1.3% after hitting its highest level since January 2018. The pan-European STOXX 600 was up 1.5% at 0846 GMT, hitting highs. of one month.

* “Why so much excitement? Hopes for less trade and diplomatic distress and a lower dollar help a global rebalancing, ”Chris Bailey, Europe strategist at Raymond James in London, said in a note. “Much hope (…) but there are more than two months to take office!”

* Crude prices rose nearly 2.5% as investors celebrated the prospect of a Biden victory, forgetting their concerns about poor demand amid a surge in coronavirus cases globally.

* The dollar index, which compares the greenback to a basket of six leading currencies, was trading just slightly above its 10-week low, up 0.1%.

* The euro, which rose 1.9% last week, was stable, as was the British pound, at a time when the focus is on the Brexit trade talks, which will reach a critical point with the summit of the European Union of November 15.

Edited in Spanish by Carlos Serrano


Johnson and Von der Leyen agree to “redouble efforts” toward a post-Brexit deal

The British Prime Minister, Boris Johnson, and the president of the European Commission (EC), Ursula von der Leyen, they agreed ‘Redouble efforts’ towards a post-Brexit deal in a telephone conversation held this Saturday, a British government spokesman said.

The source noted that during the call, planned to Taking stock of the negotiationsJohnson noted that, while progress has been made, “significant differences persist in several areas” of common concern, including competition and fisheries.

The two leaders agreed that their respective teams will continue negotiations next Monday in London in order to “Redouble efforts to reach an agreement”, which would enter into force at the end, on December 31, of the post-Brexit transition period, which was formally executed on January 31.

For their part, Johnson and Von der Leyen “will remain in contact,” the spokesman said. If they fail to negotiate a bilateral pact, as of January 1, 2021, the United Kingdom and the European Union (EU) will start trading based on the generic, less beneficial regulations of the World Trade Organization (WTO).


“It’s not like being in prison”: gymnasts satisfied with COVID restrictions at Tokyo event

TOKYO, Nov 6 (Reuters) – At a luxury hotel in Tokyo, gymnasts from the United States, Russia, China and Japan are testing what more than 11,000 athletes could experience when the city hosts the Olympics postponed to next year. .

Athletes are preparing for a match on Sunday, the first international event to be held at an Olympic venue since the COVID-19 pandemic forced the Games to be postponed.

The event is seen as a test of how international athletes can safely travel and stay in Japan during the Games. The 30 gymnasts stay in the same hotel but on separate floors and have different training times to avoid contact.

“Before breakfast, we do a COVID test and they also gave us cell phones that alert us if anyone (in the group) has COVID,” eMjae Frazier, 16, who had never traveled outside the United States before, told Reuters. .

“They are being very cautious and cautious, but it is not like we are in prison,” he added.

Team members are escorted from the bus to their rooms and to the dining room.

“The United States team can only be in the elevators (with the) United States team. We cannot be there with China, Russia or Japan, ”said Yul Moldauer, who won bronze at the 2017 World Cup.

The 23-year-old artistic gymnast said he didn’t get bored being trapped in his room and enjoyed looking at the view of Tokyo Tower from his window. However, he added that he will bring a video game console if he returns for a longer period during the Olympics.

In addition to the daily COVID-19 testing, all gymnasts and team officials must go through temperature checks and use antibacterial sprays upon arrival at the competition venue.

Report by Jack Tarrant, edited in Spanish by Daniela Desantis


▷ Meghan Markle’s vote in the US elections

Meghan Markle’s vote in the US elections.


In these last American electionss  Meghan Markle has been encouraged to vote in its public comments. ‘Page Six’ has been confirmed by sources close to the Sussex that the Duchess voted days before by post, and they go further by adding that she would also have exercised her right as an American citizen if she continued to live in the United Kingdom.


▷ The new virtual BlizzCon will be free for everyone: Blizzard says goodbye to the classic ticket in this edition

BlizzConline will be the event to learn more about Overwatch 2, Diablo 4, and other games.

Blizzard It has been holding a face-to-face event for 15 years where it announces news for its video games, and where fans can meet to participate in all kinds of activities related to their favorite titles. As we already knew, the 2020 pandemic has caused this BlizzCon to become “BlizzConline“an exclusively digital edition destined to maintain tradition from a safer perspective. And with this new format, they also arrive monetization changes.

In a video reviewing Blizzard-related news, products and services, President J. Allen Brack announces that BlizzConline, dated to February 19 and 20, will be free for all viewers. This is, in part, a first for the event: although the opening ceremony has always been free to watch, the rest of the tournaments, contests and collectibles were part of a virtual ticket of 40 dollars / euros.

In spite of everything, a good part of the activities which WoW parents are accustomed to, including competitions, cosplay contests or the fun march of the murlocs, where fans interpret these tribal fish with greater or lesser visual fidelity. Of course, we will also have ads.

In this edition, we will have to closely track Overwatch 2 Y Diablo IV, among other novelties. The former will add campaign heroes and PvE content to Blizzard’s cooperative shooter, while the latter will take a more sinister and traditional approach to the loot progression-based RPG series. Neither has a release date for now.

More about: Blizzard, BlizzConline, BlizzCon 2020, Diablo IV Y Overwatch 2.


Flanders wields a 1666 treaty to fish in British waters even if Brexit fails

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by hatunruna a lavanguardia.com Sent: ____

Charles II of England had a hectic life. A woman he married in two separate ceremonies, no legitimate children, but a minimum of 12 with his lovers, a beheaded father, and himself spending nine years in exile before taking the thrones of England, Scotland and Ireland after the Cromwell’s death. He spent three of his years in exile in the Flemish city of Bruges and, grateful for their hospitality, in 1666 he awarded them the Privilegie der Visscherie, the privilege of fishermen who gave 50 boats from that city rights …

| labels: United Kingdom , England , Brexi , uk , fishing , boris , France , treaty

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