1.-The big company is committed to a repetition of the elections against a Government of Sánchez and Iglesias. The business fabric warns of the negative consequences of political instability on the economy and calls for reforms, so they prefer new elections over a weak government. Given the current political negotiation, the president of the Businessmen's Circle, John de Zulueta, said this morning that in front of a PSOE and Podemos government, the "repetition of elections would be the best". "Although it seems that the same could be a break and some party can reconsider its position," he added in reference to a hypothetical PSOE pact with Citizens or PP.
2.-Inditex breaks its sales record in the second quarter and earns 10% more. Inditex continues to break records. The textile chain has presented the results until July, where it has achieved a turnover of 12,820 million euros, 6.6% more than a year ago, and has obtained a net profit of 1,549 million, 9.9% more. The group highlights that comparable sales grew 5% compared to last year. In this way, it complies with the forecasts made by the company's management, which estimates that comparable sales at the end of the course will grow between 4 and 6%. In turn, ebitda grew 3,447 million compared to 2,343 million last year due to the impact of IFRS 16 rules.
3.-Uber dismisses 435 workers for their poor results. Uber, which struggles to convince financial markets of its ability to earn money since entering Wall Street in May, has laid off 435 employees in the engineering and design department, according to the American group, and has advanced TechCrunch.
4.-Fedetaxi will launch an application in October to compete with Uber and Cabify. The president of Fedetaxi, Miguel Ángel Leal, announced on Wednesday that the organization will launch in October a digital platform that will compete with Uber, Cabify and FreeNow. The new application, an old wish of the guild, will offer closed prices and may include discounts and shared taxi services as soon as the regulation allows.
5.-OPEC foresees a reduction in the demand for crude oil due to the economic slowdown. The trade war between China and the United States, the uncertainties of Brexit and the problems that Germany is dragging, among other things, have caused crude oil consumption in 2019 and 2020 to be lower than calculated so far by the Organization of Petroleum Exporting Countries (OPEC). . (tagsToTranslate) economic alert (t)