Finanzas

El panel de expertos considera que el desfase presupuestario se situará en 2017 en el 3,5%, lejos del 3,1% comprometido con Bruselas

Emilio Saracho tomará las riendas de la entidad en sustitución de Ángel Ron

“FLYING’S very dangerous. In 1987, there were 30 airline accidents; 211 were fatalities and 230 were definitely passengers.” When “Rain Man” was released in 1988, airlines edited this scene out of the film before showing it to passengers. The deleted segment was important to the plot—it explains why Raymond and Charlie drive cross-country rather than use more convenient modes of transport. Still, airlines’ squeamishness is hardly surprising. Despite Tom Cruise’s assurances that air travel is “the safest…in the world”, flyers prefer not to be reminded of the one-in-11m chance that they might die. To this day, airlines avoid playing the scene on shared screens. (Only Qantas allowed it to be shown: Raymond lists it as the only airline to have never crashed.)

If aeroplane-disaster flicks such as “Sully” (2016, pictured above) and “Flight” (2012) are obviously unsuitable for in-flight entertainment, what do carriers look for when offering a film? On short-haul flights with shared screens, the goal is to find something that might appeal to everybody. That is a tough task. In his book on censorship, Michael Cornick argues that “terrorism, nudity or sex…Continue reading

AS THEY slid down the streets of Davos this week, many executives will have felt a question gnawing in their guts. Who matters most: shareholders or the people? Around the world a revolt seems under way. A growing cohort—perhaps a majority—of citizens want corporations to be cuddlier, invest more at home, pay higher taxes and wages and employ more people, and are voting for politicians who say they will make all that happen. Yet according to law and convention in most rich countries, firms are run in the interest of shareholders, who usually want companies to use every legal means to maximise their profits.

Naive executives fear that they cannot reconcile these two impulses. Should they fire staff, trim costs and expand abroad—and face the wrath of Donald Trump’s Twitter feed, the disgust of their children and the risk that they’ll be the first against the wall when the revolution comes? Or do they bend to popular opinion and allow profits to fall, inviting the danger that, in the run up to their 2018 annual general meeting, a fund manager from, say, Fidelity or Capital will topple them for underperformance?

Wiser executives…Continue reading

IN THE tense, uncertain days of late 2013, when Ukrainians filled Kiev’s Independence Square in protest at their government’s turn towards Russia, the then president, Viktor Yanukovych, grabbed a lifeline. To bolster his resolve in resisting the demands of pro-EU protesters, Russia lent Ukraine $3bn in the form of a bond. Mr Yanukovych was subsequently ousted anyway. Russia and Ukraine went to war. The money was never paid back.

So Russia took legal action against Ukraine. The bond was issued under English law, and a hearing began this week in London. Those on the Ukrainian side say the country has no case to answer. In 2015 a group of creditors agreed to a debt restructuring on favourable terms: Russia refused to take part. And Russia itself made it much harder for Ukraine to repay the bond by annexing Crimea and stoking war in the Donbass. Moreover, it has fiddled with gas supplies to the country and slapped on trade sanctions. In 2013-15 Ukraine’s GDP dropped by 15%. The purchasing power of ordinary folk has fallen far more. In 2013 eight hryvni bought one American dollar; it now takes more than 25.

It is not clear, however,…Continue reading

El ministro explica que con el sistema que aprobarán buscan abrir «una vía alternativa, rápida y gratuita para evitar el colapso de los juzgados”

Los bancos deberán informar a todos los clientes que tengan estas condiciones sobre la existencia del proceso de reclamación

Es malintencionado decir que el Supremo infringe la ley para proteger a la banca

Los banqueros creen que los cambios legales ponen en riesgo el amplio acceso a la vivienda en propiedad que ha existido en España

El Supremo condenó a dos años por apropiación indebida a cinco altos cargos de Novagalicia