Has China taken control of the most important machine in the world?

Has China taken control of the most important machine in the world?

The Dutch have historically played a much more significant role than one would expect given the size of their country in the technological transfers that have shaped the modern world. In the 17th century, their financial and agricultural innovations spread to Great Britain, driving the Industrial Revolution and the expansion of the British Empire. In the 18th century, the Russian tsar Peter the Great studied Dutch shipbuilding techniques to create the fleet that would turn Russia into a maritime power. And in the 1970s, the Pakistani scientist Abdul Qadeer Khan stole blueprints from a Dutch laboratory to launch his country’s nuclear weapons program and later contribute to the development of similar initiatives in North Korea, Iran, and Libya.

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High taxation in Spain hinders households from investing their savings

High taxation in Spain hinders households from investing their savings

The higher taxation borne by investments in Spain compared to other comparable countries penalizes and hinders households from investing their savings. The effective rate borne on various products analyzed – stocks, deposits, funds… – rises to 22.3%, eight points higher than the 14.4% of the European Union, according to a report by the Institute of Economic Studies (IEE) and the Spanish Association of Financial Advisors and Planners (EFPA).

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The financing system plans to collect in a common fund but without regional management

The financing system plans to collect in a common fund but without regional management

The new regional financing system contemplates that “the procedure for collecting and distributing income” may be carried out with “a common or shared cash model in which tax revenues simultaneously reach the corresponding state or regional administration.” It says nothing about the management of that collection nor that, for example, the Generalitat collects all the IRPF in Catalonia, despite it being contemplated in the investiture pact of Salvador Illa signed by ERC.

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The prosecutor's office asks the judge of Martorell to reconstruct the events on the road where Isak Andic died

The prosecutor’s office asks the judge of Martorell to reconstruct the events on the road where Isak Andic died

The public prosecutor’s office has asked the judge in Martorell, who is investigating the death of Mango founder Isak Andic, to order a reconstruction of the events to clarify the causes of death with the only person investigated for the events, the businessman’s son, Jonathan Andic. To this end, the public prosecutor’s office has requested several investigative proceedings, now that the investigation is no longer secret, among which a possible reconstruction of the events at the site of the fall, the path of the Cuevas del Salitre, in Collbató (Baix Llobregat), stands out.

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The apocalyptic turn of American capitalism

The apocalyptic turn of American capitalism

“Extraordinary Popular Delusions and the Madness of Crowds” (1841), by Charles Mackay, is scorned by historians and revered among stock traders. The book is best known for its vivid accounts of the 17th-century tulip mania and the 18th-century South Sea Bubble. However, those who want to understand the business world in the 21st century should rather look at Mackay’s chapter on “the epidemic terror of the end of the world.”

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Brussels expands the case against Spain over the laws used to block BBVA's takeover bid

Brussels expands the case against Spain over the laws used to block BBVA’s takeover bid

The European Commission on Thursday extended the infringement procedure it opened last July against Spain over the laws used by Pedro Sánchez’s government to hinder BBVA’s hostile takeover bid for Sabadell. Despite the failure of the operation after BBVA failed to acquire even 26% of the entity’s capital, Brussels left the file open against Spain, and the Commission recalls that it was not initiated by the operation itself, but by the laws used to obstruct it.

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