The big tech companies triple their profit after the emergence of AI

The big tech companies triple their profit after the emergence of AI

The Magnificent Seven –Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla– maintain their strength with a combined profit of $557 billion –or €480 billion– in the first half of the year, once Nvidia’s results are known. It is more than triple (258%) compared to the same period in 2021, before ChatGPT and the AI fever emerged, which have benefited them and at the same time cast doubt on them, without disrupting their stability for now. A colossal figure despite covering only six months. Behind the strong rise is mainly Nvidia, which has gone from being just another listed company to a monster: it earns 28 times more, with over $100 billion up to June.

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Widows become the object of desire for private banking

Widows become the object of desire for private banking

Widows have always had a reserved seat in the world of investments. The Scottish Widows investment fund was created in the early 19th century to assist women who lost their husbands in the Napoleonic wars and today manages more than 200 billion euros. In Spain, the dividends from the elevator company Zardoya were once known as “the widows’ dividend,” for being as reliable as leaving a pension.

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Tourism records do not stop the exodus of workers from the sector in Spain

Tourism records do not stop the exodus of workers from the sector in Spain

In the month of July, at the height of the arrival of visitors to Spain, the tourism sector reached nearly 3.1 million jobs. 110,000 more workers were registered with Social Security, 3.1% more than last year. Employment in this industry continues to grow fueled by the latest records of international tourists, which increased by 5% in the first half of the year, reaching 46.6 million. Even so, the unions remind that these figures still hide a high turnover in the workforce and difficulties in attracting and retaining workers, who often end up opting for other jobs with better salaries and greater possibilities for work-life balance.

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Trump announces an oil deal with Venezuela that will double U.S. reserves

Trump announces an oil deal with Venezuela that will double U.S. reserves

The acting president of Venezuela, Delcy Rodríguez, has confirmed the “historic oil agreement” with the United States previously announced by Donald Trump on his Truth Social account. The Chavista leader thanks Trump and the U.S. Secretary of State, Marco Rubio, in a statement for “their willingness in the development” of an alliance she describes in a statement as “a historic milestone in bilateral relations.”

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Retirees will be able to return to work as self-employed and keep part of their pension

Retirees will be able to return to work as self-employed and keep part of their pension

The new flexible retirement rules, which allow pensioners to return to work as self-employed and combine this activity with part of the pension, have been in effect since this Friday. The royal decree, published in the Official State Gazette (BOE) in May, extends this modality to self-employment. Until now, retirees could only apply it if they returned to work as employees.

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The simultaneous congestion in several maritime channels is choking the global economy

The simultaneous congestion in several maritime channels is choking the global economy

Doctors know that when circulation in the arteries is blocked, there is a risk of having a heart attack. For the first time, several key maritime navigation channels are simultaneously experiencing disruptions, which increases costs, delays delivery times, and heightens the specter of inflation, when maritime transport accounts for more than 80% of global goods trade.

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Inflation soars above 4% in August due to rising fuel prices

Inflation soars above 4% in August due to rising fuel prices

The persistent rise in oil prices due to the Iran conflict and the closure of the Strait of Hormuz is already having a strong impact on prices. General inflation rises in August, reaching 4.3%, according to the preliminary CPI indicator from the National Statistics Institute, seven tenths higher than that recorded in July and the highest rate in the last three years, since February 2023. With the August data, inflation records two consecutive months of increases and stands above 4% for the first time since April 2023.

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