EFE Economy Topics of the Day for Monday, July 8, 2024

EFE Economy Topics of the Day for Monday, July 8, 2024
EFE Economy Topics of the Day for Monday, July 8, 2024

WORKDAY

Madrid – The Ministry of Labour is once again meeting with social partners at the negotiating table to reduce working hours, with the presentation of a new Government proposal to try to bring employers’ associations closer to an agreement.

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BANK OF SPAIN

Madrid – The Bank of Spain has this week completed its first month without the Government having elected a governor, following the end of Pablo Hernández de Cos’ mandate, which forced the deputy governor, Margarita Delgado, to temporarily take over the reins of the institution.

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ELECTRIC CAR

Madrid – The first electric car with a removable battery made in Spain has come onto the market. This is an urban nanocar from Acciona that will be sold for around 10,000 euros and can reach 45 kilometres per hour, although in its dual-battery version it can reach 85 km/h.

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FRANCE ELECTIONS MARKETS

Paris – Financial markets, which had suffered losses due to fears of an absolute majority victory for the far-right RN, have regained optimism after the first round of voting, and are reacting to the final results of the French elections.

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MERCOSUR SUMMIT

Asunción – Paraguay is hosting the biannual summit of heads of state of Mercosur and associated states, where it will hand over the rotating presidency of the bloc to Uruguay.

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INFORMATION AGENDA

9:00h.- Madrid.- GOVERNMENT ECONOMY.- The Minister of Economy, Trade and Business, Carlos Cuerpo, participates in an informative breakfast organized by Europa Press, Hotel Rosewood Villa Magna. Paseo de la Castellana, 22. (Text)

9:00h.- Madrid.- BUSINESS COMPANIES.- The INE publishes the statistics on business companies for the month of May 2024. (Text)

9:30h.- Madrid.- ELECTRIC VEHICLE.- Acciona presents its first electric ‘nanocar’ with removable battery. ACCIONA Campus (C/ Gran Vía de Hortaleza 3). (Text)

10:00h.- El Escorial.- SUMMER COURSES.- The Vice President of the Government and Minister of Labor and Social Affairs, Yolanda Díaz, speaks about “The modernization of Spain”, in the course “A social and change legislature: democracy in the company”, which is part of the UCM Summer Courses for 2024. Hotel Victoria (San Lorenzo de El Escorial) (Text)

10:00h.- Madrid.- JP MORGAN AM REPORT.- Investors continue to trust in the rise of the stock markets and believe that the Spanish market will be the one that grows the most this year, according to the JP Morgan AM investor confidence index.

10:30h.- Barcelona.- CCOO UNIONS.- The general secretary of CCOO, Unai Sordo, and his counterpart from CCOO in Catalonia, Javier Pacheco, offer a press conference before participating in a rally in front of the Foment headquarters to demand a reduction in working hours and protest the blocking of collective agreements. (Text)

11:00h.- Madrid.- ENERGY TRANSITION.- The executive president of CAF, Development Bank of Latin America and the Caribbean, Sergio Díaz-Granados, and the Minister for Ecological Transition, Teresa Ribera, inaugurate the presentation meeting of the Economy and Development Report ‘Renewed Energies: Fair Energy Transition for Sustainable Development’ Fundación Botín. (C/ Castelló 18C)

11:45h.- Madrid.- ENERGY TRANSITION.- The president of the electricity employers’ association Aelec, Marina Serrano, takes part in the panel discussion on ‘Contributions and challenges to achieve a more sustainable energy system’. Comillas Pontifical University. Aula Magna, C/Alberto Aguilera, 23.

12:00h.- Madrid.- WORKING DAY.- Social dialogue table for the negotiation of the reduction of the working day. Ministry of Labour (Text)

14:00h.- Madrid.- BURGER KING.- Burger King presents a new launch in its line of products at an event that will be attended by the CEO of the Restaurant Brands Iberia group, Luis Hérault. Pons Foundation. Serrano, 138.

Madrid.- VODAFONE LAYOFFS.- Meeting between Vodafone Spain workers’ unions and company representatives at the ERE Negotiation Table for almost 1,200 employees.

International

Europa

11:30h.- Frankfurt.- GERMANY DEBT.- Germany places debt at three and nine months

12:00h.- Paris.- OECD TOURISM.- The OECD publishes a report on trends and expectations of the tourism sector.

Berlin.- GERMANY EXPORTS.- The Federal Statistical Office of Germany, Destatis, publishes the data on German exports in the month of May.

America

New York.- GRIFOLS ACCOUNTS.- First date for the submission of motions in the lawsuit by the pharmaceutical company Grifols against the Gotham City fund in New York.

Santiago.- CHILE INFLATION.- The National Institute of Statistics of Chile (INE) releases inflation for June, after reaching 4.1% in May. (Text)

Santiago.- CHILE TRADE.- The Central Bank of Chile publishes the trade balance for June. (Text)

Asia

2:00h.- Tokyo.- JAPAN BALANCE OF PAYMENTS.- The Ministry of Finance of Japan publishes the preliminary data of the balance of payments for May. (Text)

Hwaseong.- SAMSUNG STRIKE.- The union with the largest representation among Samsung Electronics employees (22%) begins a three-day strike due to disagreements with management over wages and working conditions. (Text)

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