Almost with total certainty, the gloomy predictions about the end of the dollar’s reign will, once again, be disproved by reality. But until the U.S. finds a new monetary system that suits it, there is much suffering ahead. A way of the cross. The current…
Trade negotiations between the United States and Canada failed late Friday, clearing the way for the implementation of the 50% tariffs imposed by U.S. President Donald Trump on about 20 billion dollars worth of Canadian products, after Ottawa refused to close a deal it considered unfavorable.
The Euribor, a benchmark for variable mortgages, reached 3% in its daily rate this Friday, something that had not happened since September 2024, almost two years ago. Behind the upward trend is the environment of higher inflation and rate hikes that the market anticipates due to the energy tension caused by the war in the Middle East.
So far, the Artificial Intelligence (AI) revolution has sparked debate about the possible repercussions on employment, productivity increase, or the danger of a bubble in the stock markets. But its impact has just opened a new front in the debt market.
The Government already has the green light from Brussels for the ambitious operation together with ACS, Telefónica, and Santander to bid for the future European Artificial Intelligence (AI) gigafactory that Brussels plans to build in a Member State very soon. The European Commission has authorized the creation of a joint venture with the participation of all these groups and the Spanish Society for Technological Transformation (SETT), known as ‘SEPI Digital’, to participate in the European tender that has just been launched and which foresees the creation of these first infrastructures in 2027.
From the peak of China’s great fortunes to spending the rest of his life behind bars. A court in Shenzhen sentenced Xu Jiayin, founder of Evergrande and one of the businessmen who best represented China’s dizzying real estate boom, to life imprisonment this Thursday. This is due to a long list of financial crimes committed during the group’s years of expansion. The sentence, issued in the first instance, also includes the loss of his political rights for life and the confiscation of all his assets.
The Chinese dragon is already here roaring in the European castle. China has advanced in the global production chain and now competes directly with the eurozone in almost 40% of the sectors in which Europe has a comparative advantage, compared to around 25% at the beginning of this century. The alarm comes from the president of the European Central Bank (ECB), Christine Lagarde, who shared the data this Wednesday during a conference in Geneva at the World Economic Forum.
The great economy that Donald Trump promised is not adding up. Public debt in the United States has surpassed 40 trillion dollars, reaching another astonishing debt record, according to the Treasury Department.
They dance, run, do somersaults, and even practice martial arts. Now they also trade on the stock market. Unitree, the company that has turned its humanoid robots and robot dogs into one of the most recognizable images of Chinese technological advancement, debuted this Wednesday on the Shanghai stock exchange and sparked euphoria among investors: its shares soared 629% as soon as they started trading. Why has this frenzy broken out?
The Ministry of Social Rights, Consumer Affairs and 2030 Agenda has announced today the imposition of a one million euro fine on the car rental company Avis for engaging in abusive practices.