The United States has officially returned to UNESCO after a 5-year absence. This was reported by “Kommersant” in reference to the organization’s executive director Audrey Azoulay. She called the country’s re-annexation “great news.”

“Our initiatives will be strengthened around the world,” he commented on the incident.

The United States’ return ceremony to the organization will take place at the end of July. It will be attended by VIP guests. After the return of the United States to the organization, the number of its members will be 194 countries. The United States was already a member of UNESCO, but in 2017 the administration of President Donald Trump decided to leave it. A year later, this decision came into force. It was justified by the “continuation of the anti-Israel policy” of the organization.

The administration of current President Joe Biden has requested $150 million from the US budget to cover UNESCO’s contributions and arrears by 2024. In the following years, Biden hopes to pay off the organization’s entire debt. : this is 619 million dollars, more than UNESCO’s annual budget.

Previously, Prada Group and UNESCO launched an educational program for children. They are classes in the lagoon for the study of flora and fauna. We talk about it in more detail here.

Transport & Environment, the European federation that brings together the main environmental organizations of the old continent, figures at 4,610 million euros the import to which the annual tax exemptions granted by Spain to the aviation sector will increase. This figure makes our country the second economy that stops receiving the most money due to these tax privileges, only behind France. In an investigation disclosed today —available at the end of this article—, the organization estimates the total amount that the EU member states abandoned in 2022 at 34.220 million euros for maintaining the regime of application of tax exemptions to the aviation sector. .

This ‘fiscal hole’ is caused, in the organization’s opinion, by government policies that allow the airline sector not to pay taxes on the fuel it uses, or that avoids taxing value added tax (VAT) on international flights is . The lack of a tax on airline tickets or the fact that the emission rights trading system only applies to flights in the European Economic Area means that Spain is, after France, the economy that stops entering the most funds per this activity, which, however, is key to the Spanish tourism industry.

Up to 6,000 million that are not entered

Specifically, the study figures at 4,610 million euros that the State stops receiving due to this ‘fiscal gap’ compared to the 182 that it does receive in the form of VAT, since this tribute only taxes peninsular routes with a reduced rate of 10%. The study indicates that if all bills were taxed, regardless of their destination, this figure could be multiplied by 13, up to 2,440 million. To this would have to be added another 990 million if all flights paid their corresponding emission rights – Spain is an important air ‘hub’ to Latin America and, for example, those flights do not have to pay for them. The Treasury could also collect another 1,720 million if a tax on kerosene were set.

In addition, if the forecasts of increased air traffic and passenger demand are confirmed, this amount could grow by 23% to 5,980 million euros in 2025. At the European level, this revenue deficit for public coffers amounts to 4 7,100 million euros in the same year.

Intercontinental airlines, the most benefited

Transport & Environment not only focuses on the states, but also on the airlines, which also do not pay for what they emit on transoceanic or intercontinental flights. He cites as an example the case of the Spanish Iberia, whose extensive activity in Spain would make it responsible for a fifth of these exemptions. These would amount to 851 million, of which 484 correspond to taxes on kerosene and the payment for the emissions generated. The rest (367) would fall on the travelers, who would pay it on their tickets.

This ‘tax gap’ is substantially lower than that generated by some of its competitors from neighboring countries such as Air France, whose ‘gap’ amounts to 1,936 million; British Airways —from the same group, IAG—, which ‘saves’ 1,528 million; the German Lufthansa, 1,403 million; or the Dutch KLM, which should pay 1,009 million more, according to the organization. Different is the situation of the ‘giant’ of the European low-cost, Ryanair, whose activity ‘only’ would stop contributing 159 million to the continental arcades. This amount would be the lowest among the 16 airlines studied, given that most of their activity is already subject to the emission rights trading regime.

Ask to raise ticket prices

The organization, which advocates “eliminating the huge tax breaks of the air transport industry,” proposes increasing ticket prices as a way to save on carbon emissions into the atmosphere. THESE Increases Would Come Motivated by the imposition of a Tax on -kerosene, the application of a 20% to all tickets or amplilets the regime of emission rights Ara That Applies to Those Flights That Depart from the European Union, Including those of Long distance.

In case of not applying any of these measures, it is proposed to set a tax on the price of the ticket “equivalent to the country’s fiscal hole”. In the case of Spain, this would raise the price of the ticket by an average of 19 euros for national routes (which is already applied), 49 euros for routes to European destinations (including routes to the Canary Islands, which are now exempt from VAT) and 275 euros for trips outside the EU In addition, they advocate that the income collected be reinvested in promoting technologies and alternative and cleaner means of transport, such as the railway.

Environmental organizations that are part of Transport & Environment, such as Ecodes or Ecologistas en Acción, point out that this figure “is the equivalent of the annual budget of Barcelona and Valencia together, and enough to maintain the subsidy for free passes for Cercanías and Media trains Distance for almost 7 years”.

Aviation Tax Gap Report: Transportation and the Environment

Discharge

The Russian diplomatic department noted that all attempts by the United States to position itself as “the leading defenders of children’s rights” are not supported by law, stressing that the intercountry adoption process in the United States is “extremely corrupt” and “subject”. to the neocolonial political conjuncture”.

The diplomats called the adoption of Russian children in the United States a “regrettable” practice in which there were “numerous cases of serious violations of the rights of underage citizens of Russia.” The Russian Foreign Ministry recalled the ban on this practice since 2013.

Naturgy’s board of directors pronounces itself after days of speculation about the possible arrival of a number two for Francisco Reynés. “Given the various pieces of information that have appeared in recent days, all the shareholder representatives have wanted to ratify their firm commitment to the company’s industrial project and their total confidence in the management team,” the company stated in a private information sent to the National Securities Market Commission (CNMV).

The 12 members of the council were stored yesterday for more than four hours to study the new distribution of powers in the gas company and the role that the future CEO will have. However, the statement sent to the CNMV does not give more details about the role that the future CEO will finally have. Yesterday the withdrawal of Ignacio Gutiérrez-Orrantia appeared after almost realizing his appointment during the last week. The pressure from CVC Capital Partners and Global Infrastructure Management (GIP), which together account for 40% of the capital, for Reynés to delegate part of his functions is what would have motivated the Bilbao manager’s no.

The Mallorcan executive has been the president and CEO of Naturgy since February 2018 and for his signing he made it a condition to have 100% of the executive functions. Isidro Fainé, who did not have them, took over as his trusted man when Reynés was vice president and delegate director of Abertis. His appointment also meant the departure of the then CEO of Gas Natural Fenosa, Rafael Villaseca. He was reelected to the post just a few months ago for another four years.

Relaunches Gemini

The management team of the gas company also discussed the update of the Geminis project. The council once again confirms its “strategic sense” and called on its team “to continue analyzing the possible execution alternatives and their associated calendars.” Naturgy’s objective continues to be to split into two companies. One of the two groups will manage the liberalized businesses in an integrated manner (Naturgy MarketsCo): the development of renewable energies; For its part, the other will glue all the part of regulated infrastructures (Naturgy Networks) of distribution and transmission of energy

On the other hand, the board analyzed the evolution of the 2021-2025 strategic plan, which is in the middle of its execution, and reassessed the dividend policy, as promised in July 2021. In this sense, it raises the floor of the annual dividend for the period at 1.40 euros per share, always subject to the maintenance of a BBB credit rating by S&P. “This new floor is consistent with the average ‘payout’ of 85% announced in July 2021. Based on current share prices, this represents a return of 5.4% and compensates the company’s shareholder miles for the rise in costs due to interest rates and inflation,” says the company.

The company will release more information on updating its 2025 targets on July 24, coinciding with the publication of its half-year results. However, it has given a few small brushstrokes: it plans to achieve a gross operating result (Ebitda) of 5,100 million euros, compared to the previous objective of 4,800 million, and to reduce the net debt to 16,000 million (900 million less). For its part, investments will drop from 14,000 to 13,200 million euros. Naturgy was the first Ibex 325 company to benefit from the reform of the law that allows not presenting quarterly results.

“The board has recognized the high degree of commitment of the entire Naturgy team, which has contributed decisively to achieving these results despite a difficult and volatile situation in the energy markets,” the letter states.

– As a result of the flood that occurred on the territory of the Tuapse district on July 11-12, the rural settlements of Novomikhailovskoye, Dzhubgskoye, Tenginskoye, Nebugskoye were flooded. The Tuapse inter-district prosecutor’s office has taken control of the issue of eliminating the consequences of heavy rain, the Kuban prosecutor’s office said in a statement.

According to the ministry, there was damage to social facilities and infrastructure, transportation links were disrupted, citizens’ property was damaged, and houses were flooded.

It was previously reported that after heavy rains in the Tuapse district, local emergency regimes were introduced in the most affected settlements. Up to 144 millimeters of rain fell here overnight.

We have prepared a selection of useful books for everyone. We read about coping with burnout and impostor syndrome, we learn how to make dreams come true that have always been put off until later, we learn new things about the power of unity with nature and overcoming difficulties in communicating with people. people.

Linda Okeson-McGurk

Hygge, lyukke, lagom – all the popular varieties of the “philosophy of happiness” and comfort in the Scandinavian style have already been mastered by the world. The new Nordic-style mind-body reset secret is called friluftsliv, which means to be outdoors. About the healing encounters of nature and man during hikes, hikes, long journeys, the journalist Linda Okeson-McGurk wrote her book.

On the cover of the book, instead of the author’s name, the name of the most popular psychological platform for women in China is indicated. This means that the experience and practical advice described on the pages is the result of the work of a whole team of specialists. Start reading if you find it difficult to communicate with strangers, but you want to make new friends and not experience communication problems.

How to maintain stability in difficult situations? How to deal with impostor syndrome, burnout, internal tension? Clinical psychologist Sam Akbar dedicated the book to answering all of these tough questions. As (self) help, it offers acceptance therapy techniques, practices for emotional recovery.

“How to understand what you want and live as you dream?” – this question-request is placed in the subtitle of the book. And the truth – how? Sometimes we realize at a fairly late age that we want to live our lives differently. Change jobs. Make dreams forgotten by the daily routine. This book will become an assistant on the path of knowing yourself and your true desires, as well as making them come true.

Under the cover: the author’s technique to get out of the state of exhaustion. The one whose symptoms are severe fatigue, disgust at the work you once loved, a feeling of complete emptiness and unwillingness to do anything. The psychologist and business coach Leonid Krol talks about how to identify burnout, identify its causes, prevent it and/or overcome it.

Sidarta Ribeiro

A Brazilian neuroscientist has conducted and published a large-scale study of phenomena such as dreams and the subconscious. He describes its importance in our life. He showed them not only in a historical context, but also in a cultural and evolutionary one, he revealed them from the positions of biology and psychology. Despite the deep scientific component, the book is easy to read and accessible to a wide range of readers.

The Ibex 35 maintains the positive tone of the previous days and seems willing to consolidate the rebound from 9,300 points. The Spanish stock market reference starts with a rise of 0.3% on the day of the publication of the CPI for the United States for June. The forecast that the rise in prices will moderate their escalation in the US country from 4% to 3.1% and that the core will moderate three tenths to 5% drives the stock markets. Frankfurt rises 0.24%, Paris rises 0.27%, London accelerates 0.12% and Milan advances 0.45%.

In Spain it has also been known that inflation rose 0.6% in June in relation to the previous month and cut its interannual rate by 1.3 points, to 1.9%, marking its lowest level since March 2021. In this context, the European Central Bank (ECB) has already warned that it plans to increase rates at its meeting at the end of this month. In the case of the Federal Reserve it is still not so clear after the pause. At the current moment, the market gives a greater than 90% probability that the central bank will increase its benchmark interest rates by 25 basis points and a 30% probability that it will do so again before the end of the year. .

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“Regardless of what the June CPI data release this afternoon looks like, the Fed will raise rates this month. However, if the June reading surprises on the downside, expectations for a further rate hike may Once again they are reduced significantly, which should be very well received by both the bond and equity markets, markets, the latter, which we understand that yesterday they already discounted this possible scenario to some extent”, they specify from Link values

Back in Spain, the corrections come from the tourism sector. IAG cuts more than 3.5%, Meliá falls 1.5% and Amadeus loses 0.7% on the day that the dividend is discounted from its share price, including this effect, 0.9% is left. On the opposite side, Naturgy leads the rises and accelerates 2.5% the day after the board meeting was held in which it was finally not possible to appoint Ignacio Gutiérrez-Orrantia as CEO due to the counter offer he received from City. Banking is also gaining momentum thanks to the pull of Bankinter (+1.8%), Santander (+1%) and Sabadell (+0.88%).

In other markets, the price of a barrel of Brent fell 0.08%, to 79.34 dollars, while the West Texas Intermediate (WTI) eased to 74.79 dollars, 0.05% less, in the opening. Regarding debt, the yield on the Spanish bond with a ten-year maturity stands at 3.68%, 0.86% less, with the risk premium reaching 103.4 basis points, while in the market currency, the euro is exchanged at 1.1025 dollars.

So who are they for us – these ASEAN countries, on Wednesday, July 12, Sergey Lavrov arrived in the Indonesian capital to meet with their foreign ministers? Secret friends who are afraid to quarrel with Europe and the US and can therefore only show sympathy for Russia behind the scenes? The American “singers” who are forced to enter into a dialogue with Moscow in order not to come into conflict with China, which has enormous weight in Southeast Asia? Or have the pragmatic countries come together on the ASEAN platform, still hoping to sit on two (and possibly more) chairs and thus defiantly play a “double game”?

As the Vietnamese ambassador to the Association, Nguyen Hai Bang, said, the current ASEAN foreign ministers meeting in Jakarta “will focus on discussing the issues of” regional economy, investment and stabilization of supply chains “. Conflicts, including the Russian-Ukrainian confrontation None of the ASEAN leaders will definitely object if US Secretary of State Anthony Blinken and Russian Foreign Minister Sergei Lavrov, as well as other guests in Jakarta, outline his vision of world problems.

But all this, in general, concerns the countries of the region only taking into account two key aspects for them. The first is how what is happening will affect trade in the member states of the Association. The second is whether the fighting by the powers that be will harm ASEAN’s security. Unlike the pawns that always dream of reaching the queens on the chessboard, the countries of the region do not set themselves such ambitious and difficult tasks. When several ASEAN member states simultaneously joined other Washington-created blocs, ASEAN faced the extremely difficult task of staying afloat and remaining useful. Otherwise, the Association will fall apart: some of its members will end up in China’s orbit, the rest will go to the White House as a trophy. That is why the countries included in ASEAN, like the famous frog that fell into milk, are forced to constantly move their “legs”, work tirelessly to get the famous oil in order to survive. Hence hundreds of different programs, projects and initiatives with many states, sometimes geographically distant from Southeast Asia, providing specific benefits to ASEAN members.

Russia’s participation in ASEAN projects, and all 74 points of the Comprehensive Action Plan, calculated up to 2025, are being worked on immediately, looks like a solid start. Here and energy, and technology, and training. There is only one problem: the commercial turnover between Russia and the Association countries is falling. And for Asia, successful trading is a kind of religion. After all, in the past, Australia, Singapore and, to some extent, Indonesia have opposed Moscow’s participation in ASEAN regional forums, citing the insignificance of our country’s trade ties with Southeast Asia. Many member states of the Association do not hide the fact that the Western sanctions imposed against Russia make it difficult to develop contacts with Moscow.

Therefore, the stable desire of the ASEAN countries, despite all the difficulties and pressures, to maintain numerous channels of dialogue with Russia is not about trade at the current stage. Here is a different accounting, which is incorrect to assess in dollars or in the number of joint events held between Russia and ASEAN. In all the programs or “Forms” that have been and will be adopted by the Association, it is written that its objective is to maintain political stability and peace in the region. That is why the US Secretary of State, who came to Indonesia, claims that the task facing his country in Southeast Asia is the most noble – to preserve the central role of ASEAN. True, in reality the Americans are doing the opposite: they are destroying the Association from within, creating new blocs in Asia and hotbeds that did not exist before.

Among those who accepted the invitation to the NATO summit in Vilnius were the heads of state and government of Australia, New Zealand, South Korea and Japan. Furthermore, according to the Yomiuri newspaper, the formation of a new cooperation agreement between Japan and NATO is in its final stages. In this situation, Russia, acting together with China for ASEAN unity, helps the latter to resist the expansion of the West. Moscow’s opinion remains significant on issues of global security, food and energy shortages. ASEAN’s interaction with Russia, according to the head of the department of the Ministry of Foreign Affairs of Thailand, is developing successfully in the field of combating transnational crime and in cyber security issues.

For the upcoming meeting of foreign ministers in Jakarta, the ASEAN countries have prepared a global “surprise”: they intend to address the representatives of the nuclear powers and invite them to sign the so-called Bangkok Treaty of 1995. This document declares Southeast Asia a nuclear-weapon-free zone. In addition to Moscow, the ASEAN countries are going to ask the United States, France, Britain and China to sign the document. None of the nuclear-armed powers endorsed the Bangkok treaty. However, China has announced that it is ready to sign the corresponding protocol.

As for the United States, they, together with Great Britain, planned to transfer three nuclear submarines with non-nuclear weapons to Australia by 2030. But everyone understands that non-nuclear weapons on submarines can be changed in the future … Therefore , ASEAN members are proactive in obtaining formal assurances before maintaining Southeast Asia’s non-nuclear status. But it is not clear whether it will be possible to obtain the desired guarantees from Washington and what ASEAN will have to give up in return.

By the way, in Indonesia the legend lives on how, during a visit to the USSR, the first head of the republic, Ahmed Sukarno, being in the Tretyakov Gallery, asked him to give him Repin’s painting “They did not.” Wait”. Nobody knows what exactly attracted his attention. Possibly an unusual name. Only thanks to the ingenuity of the Russian leadership, who informed the guest that the painting would be sent for restoration, the masterpiece did not end up in Indonesia.

But Lavrov was expected in Indonesia. Even before the start of the main ASEAN events, the Russian Foreign Minister will meet in Jakarta on Wednesday with colleagues from China and Indonesia, and hold talks with the Foreign Minister of Laos and the ASEAN Secretary General. . By the way, the Indonesian leader Sukarno, as they say, received a painting from the Tretyakov Gallery as a gift – it was Makovsky’s painting Sprinkling with hops.

The price of food has moderated in June by more than one and a half points -it is the fourth consecutive month in which the products in the shopping basket slow down their rise- and this, together with the fact that the fuel and electricity bill also fell has appeased in the last month in relation to the same one a year ago has allowed the annual inflation rate to stand at 1.9%, its lowest level since April 2021, in more than two years. Spain thus confirms itself as the first major euro economy to manage to reduce its CPI rate below the medium-term objective of 2% set by the European Central Bank (ECB).

Despite the fact that in June legumes and vegetables became cheaper by 4% in relation to the previous year, since milk, cheese and eggs remained stable; fruit, bread, cereals and meat continued to rise in price, although less than a year ago. The prices of oils and fats also rose, which, however, fell in June of last year. Thus, the rise in food prices continued to be in double digits in June. Overall, food is 10.3% more expensive than a year ago, so the pressure on consumers’ pockets still remains.

The data made public this Wednesday by the National Institute of Statistics (INE) confirm what was advanced just a few weeks ago, also with regard to underlying inflation, which excludes energy and fresh food. Specifically, its rate fell two tenths to 5.9%, that is, its lowest level in the last year.

Sources from the Ministry of Economic Affairs and Digital Transformation emphasize that the measures adopted by the Executive of Pedro Sánchez have reduced inflation by almost nine points in less than a year and that this “positive evolution confirms the effectiveness of the main reduction measures of taxes and allowances”.

In the quiet resort town of Saki, located on the western coast of the Crimean peninsula, there are no palaces, but the flow of people coming here has not dried up since ancient times.

The very name Saki in translation from Turkish means “mud”. The first mention of a certain city, where there is a miraculous mud that cures various ailments, appears in the 1st century BC.

Today, the local lake is the main attraction of the city, and it is from its bottom that therapeutic mud has been extracted for many centuries. The researchers say that there was originally a lagoon in the Black Sea. For a long time, the sand was washed out, which later turned into a bay, separating the lake from the sea. It took several millennia for the ancient seabed to become covered with silt, which later became the healing mud of Saka. For many years, complex processes involved in the activity of microorganisms took place in the bowels of the lake. As a result, a kind of “layer cake” was “baked” from the mud of the mound.

Therefore, the lake is considered a real natural laboratory, and the mud has acquired unique properties. Many scientific institutes have found in its composition salts of various metals, minerals, organic compounds, even hormones and biogenic substances that have a positive effect on the immune system.

Decoration of the city – the church of Saint Elias. The building looks unified, although the bell tower was built in 1894 and the church itself in 1902 Photo: provided by Saki LLC

Not only Saka mud turned out to be useful, but also salty lake water, the so-called brine. After all, the lake continues to fill with water from the sea. Under the hot rays of the Crimean sun, the liquid gradually evaporates, and a solution of various chemical compounds of high concentration remains in the lake. The content of these substances can reach up to 180 grams per liter of water. And the air itself, rich in magical vapors, also has a beneficial effect on the human body. Therefore, even walks on the lake are useful for people suffering from diseases of the upper respiratory tract or a disorder of the nervous system. And there are places to walk. In the 19th century, a large park was built in the city, it has more than 80 species of trees and shrubs. Nikolai Vasilyevich Gogol walked through its alleys, taking a course of mud therapy in a local sanatorium. A reminder of this is the sculpture of him in the center of Saki Park.

Mud baths, balneological complexes and sanatoriums have long been equipped in such a fertile place. In 1827 a mud bath and spa was opened here. The first one here began to provide medical care to the wounded soldiers and officers who suffered in the battles of the Crimean War. The saki mud eased his suffering. In 1912 a new building was built according to the project of the architect D. Richter. And the research institute for diagnostics and physical methods of treatment, known as Tsanderovsky, undertook a comprehensive study of the properties of Saki mud, finding more and more evidence of its benefits. In Soviet times, spas switched to year-round work, and in the early 1980s the extraction of silt deposits from the bottom of the lake was improved – manual labor was replaced by mechanized devices. Right on the shore of the lake, from the bottom of which a miraculous mud is extracted, the sanatorium “Saki” was erected. And there is no person who, after mud procedures, does not feel rested, gaining strength – a real prince!

The increasing cost of basic products for our day to day has notoriously affected a large part of the Spanish population. And not only the high cost of these items has greatly harmed the public, but also the rise in interest rates, which translates into a rise in mortgage payments. And this despite the fact that the Spanish banks have not transferred the entire increase and continue to maintain, as they have been doing for a long time, the mortgage at a lower cost than the European average.

In our country, according to the Financial Survey of families published by the Bank of Spain, the representation of mortgaged families reaches 28% and 96% of Spaniards have a deposit with an average of 28,000 euros. In order to protect the citizen, especially those who face the greatest difficulties in the context of the current crisis, banks are taking measures to face this situation of economic uncertainty and help alleviate the added difficulties that families are encountering in this context.

The sector as a whole is implementing a series of actions in order to meet the needs of those most susceptible to suffering at this juncture. For example, customers with the greatest difficulties can take advantage of the Code of Good Practice for vulnerable mortgage debtors. Depending on different criteria, they can extend the term to repay the credit by up to 40 years, freeze the installments for one year or take advantage of grace periods.

Clients can take advantage of the Code of Good Practices for vulnerable mortgage debtors

Solve all your doubts about the procedure of banks in this type of context with this resolution of frequently asked questions.

Is it true that banks earn a lot when interest rates rise?

A bank channels the money that savers deposit in their accounts towards the credit demanded by those who want to invest in housing, in goods or in the development of their businesses. Despite what one may think, the difference between what you pay for deposits and what you charge for loans does not really represent the entity’s margin. There are many factors that reduce it, such as capital buffers that must be met by regulation, personnel costs, maintenance of distribution channels, marketing, and product design that must be continually adapted to customer needs. , provisions to deal with defaults, etc. In fact, banking margins are much lower than those of most other sectors.

A rise in rates does not imply that the banks’ margin increases, but rather it also depends on the impact of this rise in rates on the payment capacity and the demand for credit from families and companies, the weight of fixed-rate loans or at a variable rate, the average term of credits and deposits, the cost for the bank to remunerate the deposits and the cost for the banks of the debt that they have to request in the markets to attract financing.

In a context of negative rates like the one we have experienced in recent years, it is very difficult for the banking business to be profitable, but a rapid rise like the current one is difficult for companies and families to digest and, therefore, greatly influences demand of credit and in the capacity of all to face the debts. Banks also find it more difficult to finance themselves and it prevents them from recovering the profitability they have lost for so many years operating at ultra-low or even negative rates. The benefit in Spain of the entities continues to be 23% lower than it was before the financial crisis.

Why do interest rates go up so much?

Interest rates are set by central banks whose main objective is to combat inflation. Persistently high inflation is much more damaging to businesses and families than a period of economic cooling off, and that is why central banks have been so forceful with the current rise. Banks not only do not set interest rates, but have greatly reduced their margins so as not to pass on the entire rise in rates to customers. Proof of this is that what a bank charges for a mortgage in Spain is little more than the interest rate of the ten-year bond, while in other European countries that differential is much higher.

Why are banks not remunerating deposits?

Spanish banks have excess liquidity compared to other European entities, which is why many entities are directing clients towards more profitable alternative funds, such as investment, public debt, etc. The data shows that the volume of investment funds and public debt in the hands of families is at all-time highs. He has also warned a lot about the early repayment of mortgages.

Why are there entities that pay and others that do not?

It is true that in Spain there are entities that are offering deposits with returns even above 5%. Competition in Spain is very strong and clients have full freedom to move their savings between entities. Some entities have very active deposit strategies, while others are more competitive in loans or offer other alternative savings products to their clients.

Why do many banks continue without paying for deposits and yet have made loans more expensive?

Commercial banks are transmitters of the policy that central banks decide. The reason why Spanish banks pay slightly less than banks in other countries is because they have a more comfortable liquidity position and do not need to attract deposits to have liquidity. Where they are competing a lot is in offering better returns on other products that may be more profitable for their clients, such as investment funds, insurance, etc. On the other hand, it cannot be forgotten that the opposite has occurred for several years in which, with negative rates, retail customers were not charged for deposits in Spain, something that was done in other European countries. In addition, the truth is that they are not transferring all the rise in interest rates to the price of credits so quickly. In fact, according to data from the Bank of Spain, the price of credit in Spain is below that of the euro area. In April, Spanish banks were the fifth cheapest in Europe for household loans and the fourth cheapest for business loans. For companies, for example, the average in Spain is 3.9% compared to 4.2% in the euro zone. Spanish banks have always been known for offering loans at very competitive prices, which has allowed, for example, access to the mortgage market for many segments of the population.

What are banks doing to help the most vulnerable customers to mitigate the impact of inflation and rising rates?

In Spain, banks have implemented measures to help customers who are in a situation of vulnerability to reduce this situation. For example, customers who are subject to the Code of Good Practices for vulnerable mortgage debtors, who have an income below a grace period of up to 5 years at Euribor-0.10%. Another measure, for households with income between 25,200 and 29,400 euros and in which the monthly mortgage payment represents at least 30% of income, consists of freezing payments for up to 12 months and extending the term of amortization 7 years.

There are banks that earn a lot of money, couldn’t they allocate those profits to remunerate deposits?

As in all sectors, the benefits have a specific destination. Almost a third is used to pay taxes, a third to remunerate the shareholders, who are the owners of the entity and who risk their money investing in it, and the other third is used to accumulate the necessary capital to be able to continue developing its main function, which is to finance companies and families. The better the banks are, the better they can fulfill their function of providing credit and sustaining the growth of the economy.

We have seen examples of turmoil at some regional banks in the US and Switzerland with Credit Suisse. Can something similar happen to Spanish banks?

Spanish banks are very solvent. It is highly diversified and has a solid and simple business model, focused on meeting the financial needs of companies and families. The affected American banks had an exorbitant growth with an activity concentrated in very few clients, a very deficient management and a much weaker supervision than there is in Europe. Spanish banking stands out in risk management, is efficient and profitable: three key variables to maintain customer confidence, something that has failed in the case of American banks. Without trust, the banking business is unsustainable.

MADE BY ALAYANS STUDIO This content has been produced by ALAYANS STUDIO, Henneo’s Branded Content unit.

Residents are being evacuated to temporary housing centers. – In Dzhubga – to school number 31, in the Tenginsky rural settlement – to the local recreation center, in Novomikhailovsky – to school number 35, in Olginka – to school number 19, and in Nebug – to the recreation center.

Heavy rains continue in the rural settlement of Nebugsky. The main streams of water come from the slopes of the mountains towards the central street of Nebug and spread to the adjacent areas. The Nebug River did not overflow its banks. Houses were flooded in Gorskoye along Krasnodarskaya street and in SNT “Rucheyek”, in Defanovka – along Shkolnaya and Komsomolskaya streets, in Dzhubga – on Primorskaya, Sovetskaya, Naberezhnaya streets, as well as in a polyclinic . In addition, several streets in Lermontovo, Plyakho, Olginka, Sosnovy, Defanovka, Nebug and Tyumenskoye were flooded.

According to the press service of the Tuapse administration, at present, due to the high water level, it is difficult to move along Gorky streets, in the area of ​​​​Uralskaya, Depovskaya, Zhukov, Privokzalnaya Square and others. The hatches were opened by the flow of water. It is recommended not to leave their homes unless necessary, stay home if possible, and pay attention to where small children and older relatives are.

Earlier, the Kuban chief announced the evacuation of tourists in the Tuapse region, where 144 millimeters of rain fell in three hours. After torrential rains, the Dzhubga-Sochi federal highway was partially blocked.

The Spanish real estate market is experiencing a boom in property investment. Both Spanish and foreign investors are seeing the potential for profit through the purchase and rental of properties. However, it is very important that owners are aware of current legislation and understand the keys to effectively manage their properties.

Keys to invest in properties

Rental Regulations: It is critical that landlords are aware of the rules and regulations related to the rental of property. This includes the Urban Leasing Law (LAU), and autonomous laws that may establish additional requirements. It is important to familiarize yourself with the minimum lease terms, rent increase limits, maintenance obligations, and specific rules on evictions Property Records: Securing your rights as a landlord is of crucial importance. For this you must do it in the corresponding Property Registry. This will give you greater legal protection and will facilitate the management of any procedure related to the property, such as its sale, rental or obtaining mortgages. Taxes and Tax Obligations: As a homeowner, you must comply with certain tax obligations. This includes the payment of Real Estate Tax (IBI), which is levied on the property, as well as the declaration of income obtained through rental, subject to Personal Income Tax (IRPF), or Corporation Tax. The latter is considered in the case of companies. Rental agreements: At the time of renting your property you must sign a solid and complete rental agreement. This must include details such as the duration, monthly rent, responsibilities of the tenant and the owner, payment conditions, renewal clauses and any other that is relevant according to current legislation. good condition housing. You must ensure that you comply with all habitability regulations, make any necessary repairs, and provide a safe and suitable environment for your tenants. In addition, you must maintain fluid communication with your tenants, so that in this way, they can easily solve any problems and thus maintain an active relationship. risk management and insurance: if you are going to invest in a property to acquire, you should consider contracting adequate home insurance to protect your home from possible damage, as well as civil liability insurance to cover any possible claim. Also, evaluate potential risks such as non-payment of rent, and for this you might also consider non-payment of rent insurance to protect your income. You need to understand the needs and preferences of potential tenants, so you can make an informed decision about location, property type, and features to offer. Also consider the demand for rentals in the area, proximity to services and public transport, and any other characteristics that may attract your target audience. Trade like the best on eToro

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Be well informed to act legally

Amid the increase in property investment in Spain, it is essential that owners are informed and prepared to manage their properties effectively. They must understand legal regulations, comply with tax obligations, write strong and effective contracts, and maintain good communication with their tenants.

These recommendations are key to ensuring a successful and profitable investment. In addition, it is always advisable to seek legal and financial advice to ensure compliance with all applicable applications and to protect your rights as a property owner.

Remember that the success of real estate investment is not only based on acquiring properties, but also on managing them efficiently and satisfactorily for all parties involved.

– When summer came, this nightmare began, – a resident of the village of Derbisheva throws up his hands. – They plastered the windows, the ceilings, I will not save them from them!

People are losing the war against flies. The rains bring some relief, but after them the attacks resume with renewed vigour.

According to the residents of Derbishev, Ishalino, Medvedovo and Pustozerovo, all the surrounding fields are covered with bird feces. The flavors are fantastic. And the regional authorities do not see the problem.

– Not true, we are in constant contact with the leadership of “Uralbroiler”, – says the representative of the regional administration Alisa Sitdikova. Ella-ella Informed that the frequency of processing of production facilities and fields where waste is disposed of has already increased.

According to Natalya Mamaeva, Senior Assistant Prosecutor of the Chelyabinsk Region, at the request of local residents, an inspection will be carried out with the participation of representatives of Rospotrebnadzor, Rosprirodnadzor, Rosselkhoznadzor and the environmental prosecutor’s office.

However, as noted in the supervisory authority, such situations around Chelyabinsk poultry farms occur once every two to three years. The fact is that, according to the standards, bird droppings are classified as agricultural fertilizers only after long-term storage in specially designated areas. But this rule is not always followed in the region.

The National Securities Market Commission (CNMV) has opened a sanction file against Grupo Ecoener for financial assistance during its IPO, as reported by the regulator in a statement.

The CNMV considers that the energy has incurred in a violation of article 150.1 of the Capital Companies Law. This precept prohibits a company from advancing funds, granting loans, providing guarantees or facilitating any type of financial assistance for the acquisition of its shares or shares or shares of its parent company by a third party.

According to the regulator, Ecoener allegedly committed this infraction by providing financial assistance to two shareholders to subscribe shares during the company’s IPO. The company debuted on the stock market in 2021.

An agricultural debut on the stock market

The Galician renewable energy company starred in a sour debut on the stock market in May 2021, the company’s titles registered declines, with a fall of more than 3%, to 5.7 euros.

Finally, the renewable energy group ended the session with a 15% drop, up to 5 euros. The group set its starting price at 5.9 euros with a capitalization of around 336 million euros.

According to the department’s Telegram channel, the fire started around 5:00 am on Wednesday, July 12, in the village of Krivtsovo, Solnechnogorsk city district. Several wooden buildings caught fire. The total fire area is 2.5 thousand square meters. At eight in the morning the fire was located.

The Solnechnogorsk city prosecutor’s office monitors the establishment of all the circumstances of the incident.

Among the main versions of what happened: arson and negligent handling of fire.

The Spanish real estate market has gone through different moments in recent years. The ecosystem had a 2021 and 2022 with historical figures, but the beginning of 2023 came with the repercussions of a war and economic uncertainty that have caused history to change in the first months of the year. The global economic situation due to the rise in rates, the rise in prices for both buying and selling, the lack of land for construction, and other factors have made investors focus only on very specific places and that bring a lot of profit. The rental market is one of the most opted for it, and a report ensures that Parla, Elda and Talavera de la Reina are the cities where the rental can give the investor more than 10% profitability.

This is indicated in the document prepared by the company specialized in rental investment, Masteos, called ‘Where to invest in rental housing according to our budget’. THIS File Is Intended To Help Find Investment Opportunities In A Home, A Complicated Task, For Which It Provides Information About The Municipalities And Provos And Incias That Have The Most Profitability Depending On The Investment Made. the three most profitable cities in Spain to invest in a home In particular, the first achieves a 13.96% return, while the second reaches 11.14% and the last 10.40% However, everything arose of the amount of rent money that one has as a budget to carry out this type of movement.

The study divides it into four categories: expenses less than 80,000 euros; between 80,000 and 120,000 euros; between 120,000 and 200,000 euros, and finally in movements that exceed 200,000 euros. In the case of Parla, the investment to be made must be in the third category to reach these performance figures, while Elda and Talavera are both in the pack of disbursements of less than 80,000 euros. Elda stands out for being in the province of Alicante and having an important primary sector to consolidate the footwear industry and for its industrial estates. Talavera is in the ‘top’ for its location, for being a commercial city and for its ceramics market. Parla has the best performance of all due to the development it has had in recent years, which has turned it into an important industrial and service center. Added to this is the construction of the tram (mobility) and its wide variety of services.

“Day by day the profiles of individuals who want to invest in rental housing are multiple, but there are two key elements when defining their investment project: the expected return and the available budget”, they indicate in the Masteos document. Another of the prominent sites in low investments is Alcoy (9.60% profitability) or Ferrol (9.41%). In the category of 80,000 to 120,000 euros, Ourense takes first place in efficiency with 8.88%, followed by San Cristóbal de la Laguna in Tenerife (8.15%). For the third category of investment, in addition to Parla, Santander and Salamanca are also added with 8.44% and 8.12% respectively. Madrid municipality joins these with only 6.01% profitability. For investments that exceed 200,000 euros, the first place goes to Alcalá de Henares with a 7.66% return; Mollet del Vallés (6.67%), and Alcorcón (6.66%).

Rising rental price

All this occurs at the height of the rise in rental prices. Although the sector warns that the ‘price rally’ will come to an end in the coming months, for now the agents call for calm with the increases and the data ensures that the sale and purchase will continue specifically in prime sectors, and in real estate with characteristics sustainable, which are the ones that will deliver the greatest profitability in the future. According to the last semi-annual report on rental prices of the portal % and year-on-year of 6.65%. The big problem with these increases in value is that access to housing is becoming increasingly difficult for those seeking emancipation.

The strong demand has also caused the size of the apartments sought to be smaller and according to the National Institute of Statistics (INE), the ‘mini-flats’ are the most striking in cities such as Madrid or Barcelona. The spokesman and director of studies of Pisos.com, Ferrán Font, has commented in his report that “there are solutions that can increase the park with available so that there is a better balance in terms of demand”, to which he adds that “only by solving the price barrier would we make the rent take more weight compared to the property.” For this, he also proposes giving incentives to the owners instead of penalizing them with measures such as the Housing Law that is “contrary to the profitability of an asset that serves as a refuge for the investment of many small savers.”

For example, analyzing the offer that currently exists in the real estate portals, it is found that in Parla the availability is varied. On the Idealista website, there are 45 apartments for rent ranging from 650 euros to 1,600 euros. In Fotocasa there are 49 alternatives that range between 300 euros and 1,600, and in Pisos.com there are 33 homes for rent that have the same prices as in the first portal. In Talavera there are more options: in the three portals there are between 24 and 90 options to search for, ranging from 150 euros to 1,300 euros for rent. Already in Elda, there are just over 40 apartments to show and the cheapest price to rent is 350 euros and as a ceiling they are rented at 1,100 euros.

– In a few months, a record number of “injuries” fell into the background, and everyone needed fast and expensive help. For example, an animal was admitted very seriously and we left it in the hospital, although we always manage on our own. A hospital is expensive. Then we were given a cat with a broken jaw, tongue falling out, found by heat in a locked carrier with a note: “Name is Ash, we hope you’ll help him.” His own owner would have helped him too, just by giving him a course of penny injections of antibiotics, stopping the inflammation. The last straw was that the dog Fonda Shpilechka tore a ligament in her paw. We already have big expenses: summer is associated with an avalanche-like flow of kittens, and then there is this … So we had to announce: we will temporarily not accept new strays, we would have to feed and treat existing ones. . There was no money even for diapers, – said Ekaterina Krivolapova, curator of the fund.

A private donation was used to finance operations and buy food for a month.

But four days later, a favorable wind blew – compatriots, especially one of the Tyumen residents, supported en masse. With a private donation, it was possible to finance the ongoing operations and even buy basic food for the neighborhoods for a month. Then a large amount of the legal entity was transferred.

We all sob, and it’s not a figure of speech. I really cried with happiness: you can work in the same mode. True, only cats are ready to take now. Dogs – at a minimum: there is no free hands, – Ekaterina admitted.

But on this, the problems of the “Losers”, if they ended, then not for long. Spring, summer and autumn are the season of sadness, when not only small children, but also animals fall out of open windows. No matter how much you explain to people – close it, watch it, the situation does not change radically. Downed dogs will be added to the ice. And if there are “injuries”, expect astronomical expenses. Not from the owners, from the volunteers. Life, unfortunately, confirms almost every day: no one is responsible for Vaska, who jumped out of a specific window. It is rare for a teacher to confess: yes, mine. Most care only about the healthy, and it turns out that the sick are needed only by rescuers.

So, to continue accepting dogs, it is desirable that the foundation recruit at least 10 more curators (currently there are 25). Not anyway. These are active, responsible and, undoubtedly, even desperate people, who quickly make decisions, know how to coordinate work and, most importantly, do it regularly.

– There is a selection. Over time, a person understands whether this is his or someone else’s sphere, explains the head of Lost.

Then comes food and medicine. Don’t spend money on expensive drugs; They can remain unopened until the expiration date. It is better to ask what exactly is in demand at the moment. The same applies to nutrition.

– Yes, people did not begin to live better, but it turns out that we still have friends, there is a dynamic in the attached animals, because the main mission of “Lost” is to look for new owners in any case, and not to keep them until old age with volunteers , – sums up Katya.

In about a week, the charity will again announce a collection for current needs, hoping for a calm pace, without panic or anxiety. Behind the shoulders of those who are not indifferent is the rescue of more than two hundred animals thrown at the mercy of fate, half are still quite a few crumbs.

Meanwhile

In order for the found animal to enter the house from overexposure, you will have to spend two thousand rubles at once: for minimal medical manipulations, a bowl, a tray, a filler. If the ward is absolutely healthy, then about a thousand rubles are spent on food every month. For special meals – up to three thousand, not counting clinic appointments as directed.

On the Moon, according to the engineer, the Chinese “will study the construction of a lunar research and experimentation station and will carry out continuous research on the Earth’s natural satellite” (quoted by RIA Novosti).

Zhang Hailian also told Zhongguo Daily that two launch vehicles will be needed, a new-generation manned spacecraft, a lunar lander and a lunar rover.

The first rocket will have to place a lunar lander in the orbit of the earth’s satellite. The second is a manned spacecraft.

In orbit, the lander and spacecraft will dock, the two astronauts will leave the spacecraft and transfer to the descent vehicle. It is he who will take astronauts to the surface of the moon. It is planned to spend six hours there.

Banco Santander has once again reactivated its ‘friend plan’ to attract new customers. These programs are intended to encourage the acquisition of new customers through referrals from existing customers. Basically, if you are a customer of a bank and you refer someone (a friend, relative, etc.) to become a customer of that same bank, both of you can benefit from rewards or incentives.

Rewards may vary depending on the bank and the particular program. Some potential rewards include cash bonuses, gifts, discounts on financial products or services, or even bank fee waivers.

At present, as Kelisto has informed La Información, there are four banks that offer monetary incentives to their already clients and that manage to attract new users through promotions called “friend plans”. These banks are BBVA, Banco Santander, ING and Self Bank. These last two entities are the ones that have been implementing this type of promotion for the longest time.

These are the planes offered by BBVA

BBVA offers three friend plans: “Invite a Friend Plan – Boost”, “Friend Vacation Plan” and “Friend Payroll Plan”. With the “Invite a Friend – Boost Plan”, if the client invites his friends to open an Online Account with No Fees at BBVA and makes a purchase of more than 15 euros, he will receive 35 euros for each one, with a maximum of 350 euros for 10 users, and each friend, in turn, will receive 15 euros.

The “Friend Vacation Plan” offers a gift of 1,000 euros to travel to any destination. To obtain it, you must invite three friends to open an Online Account Without Commissions and make a purchase of at least 30 euros with the Aqua Debito card. These three friends must invite three other friends each, and so on. The first group of friends to reach 100 invited friends will receive the prize of 1,000 euros in the form of a voucher redeemable for a complete trip (transportation and accommodation) for each participant of the winning team.

In the case of the “Plan Amigo Nómina”, if the client invites their friends to open a Nómina Va Contigo Account at BBVA and they direct deposit a salary of at least 800 euros, they will receive 50 euros each, with a maximum of 10 friends , that is, a total of 500 euros. In addition, your friends will receive 250 euros as a bonus.

Banco Santander also offers benefits for up to 10 friends

With the Banco Santander Friend Plan you can get up to 500 or up to 300 euros in cash, depending on the requirements that are available to meet the users who come recommended by you: if they contract the Santander Online Account, they direct deposit a minimum salary of 600 euros and they accept a stay of 24 months, you would get 50 euros per friend (up to a maximum of 10), while each of their contacts would receive 150 euros.

If they open the Online Account, make a transaction with a debit card and activate Bizum, you would get 30 euros per friend, up to a maximum of 10 (in this case, your friend would also get 30 euros).

ING offers you to win up to 400 euros

ING’s Friend Plan allows its clients to get 40 euros for attracting new users (who also received this amount), up to a maximum of 10 friends (ie, they would get up to 400 euros in total). To achieve this, the new user had to sign up for the ING Salary Account and, therefore, deposit their salary in the entity.

Self Bank rewards up to 150 euros when inviting friends

Self Bank, for its part, allows old and new customers to take up to 150 euros. The final amount that each of them will get will depend on the operations that the newcomer does.

The client must enter 2,000 euros in an account, which will allow the “godfather” and his “godson” to take 20 euros each. In addition, you will need to keep three direct debit receipts for a minimum of one year, it will also mean a prize of 20 euros for both.

For purchases or transfers of investment funds worth 6,000 euros: 40 euros for each one. For purchases or transfers of pension planes worth 6,000 euros: 30 euros for each one. Finally, you can also carry out a minimum of five operations in: 40 euros for each bag. The “godfather” can only enjoy a maximum of 10 friends, which limits the amount he can get to a total of 1,500 euros

What do I have to do to opt for a ‘Plan Amigo’?

To participate in a Plan Amigo, generally you must follow certain steps, which may vary depending on the bank. These steps typically include registering the referral through a specific link or code provided by the bank, making sure the new customer meets the requirements set forth by the bank (such as opening an account or signing up for a financial product), and waiting for that the conditions necessary to receive the reward are met.

It is important to bear in mind that the specific conditions and benefits of the Plan Amigo programs may change depending on each bank and the period in which you are. Therefore, it is advisable to check directly with your bank of choice for up-to-date information on the programs they offer.

Rosgosstrakh statistics show that residents of the capital region bought almost a quarter (23.6%) of voluntary auto insurance policies for Chinese cars. In second place (12.8%) is Saint Petersburg with the Leningrad region.

On the third line (10.3%) – Nizhny Novgorod region. The Republic of Tatarstan (5.5%) and the Perm Territory (4%) are also in the top 5 for the number of Chinese cars insured with hull insurance. The top ten regions also include the Vologda, Volgograd and Rostov regions, the Tyumen region with the Khanty-Mansi Autonomous Okrug and the Samara region.

Among those who insure Chinese cars, the majority are expected to be men, but the proportion of women who prefer new products from China’s auto industry is quite significant: 36.5%. Russians between the ages of 35 and 40 are the most active in buying and insuring Chinese brand cars, accounting for 26% of hull insurance contracts in the Rosgosstrakh portfolio. The oldest policyholders issued policies in St. Petersburg: two 78-year-old residents of the northern capital bought insurance coverage for their Chinese cars from the company. The youngest car owner in China is an 18-year-old from the Kurgan region.

As expected, at the current price level in the car market, the Russians bought most of the new cars made in China on credit. Only 13.9% of newly minted car owners managed without attracting borrowed funds.

According to Otkritie Avto (an automobile trading block of Otkritie Bank) during the first half of 2023, every second car loan for a new car was issued by Russians for a Chinese car. At the same time, Chinese brands already lead in issuance financial capacity, ahead of national ones, which, in principle, is explained by the higher cost of Chinese brands. The average car loan check for the purchase of a new Chinese car was 2 million rubles, the average cost of a car from China was 2.6 million rubles.

“The expansion of Chinese automakers to the Russian market is on the rise. According to the Chinese customs authorities, the volume of deliveries of new cars to our country has already reached the level of $1 billion per month, and experts from the automotive business Otkritie Bank unit have calculated that the total number of dealers, representing in Russia the products of the automotive industry of the Middle Kingdom, approached 1.5 thousand.

We see how this is reflected in the growth in demand for insurance coverage: the number of applications for comprehensive insurance for Chinese cars is a multiple of last year’s figures, says Elena Fedorova, director of the voluntary retail auto insurance department of PJSC IC Rosgosstrakh. – At the same time, it is the buyers of new cars and, first of all, credit, who continue to be the main audience for comprehensive hull coverage and, therefore, contribute a significant part of the collection of insurance premiums engine type.

By competing for such customers, insurers try to offer car owners the most attractive rates. Also, banks are now more loyal to franchise insurance products, making insurance coverage for Chinese autos purchased on credit more affordable.”

The debate on Monday the 10th will go down in the history of Communication and will be studied in the Faculties of Political Science, but Pedro Sánchez will not be the winner, although he may go down in history for other reasons. As Napoleon Bonaparte said: “Never interrupt your enemy when he is making a mistake.” If we take Sánchez’s interruptions in the debate as a reference, it is shown that Núñez Feijóo made few mistakes.

The President of the Government dedicated himself to hindering, to put it finally, the interventions of the opposition leader rather than exposing the socialist arguments in his turns to convince the voters. Most of the Spaniards expected that Sánchez was going to eat Feijóo with chips, and the PSOE himself dropped that idea a few days before, and even the socialist leader himself believed it, hence -error, enormous error-, which raised with a certain arrogance to hold six debates.

Today more than ever Sánchez could use a new face to face. But as Sabina would say: “Now it’s too late, princess.” In addition to interrupting a lot, the president made another serious mistake that is surprising that the hundred-year-old advisers in Moncloa did not detect. They have heard of the “elephant in the room”, an expression that the British use a lot and that alludes to a thorny subject that everyone knows but nobody dares to talk about, because it is not appropriate or uncomfortable to deal with. Political scientist George Lakoff drew on the pachyderm metaphor in his book: “Don’t think about an elephant. Language and political message”, to define that with that same word we automatically evoke an animal with a flexible trunk and large ears. Even when we ask someone not to think of one, we are recording it.

Well, Pedro Sánchez took advantage of his golden minute, the most valued of all -in this you can talk without being interrupted-, to take his elephant for a walk in the room. One of the thorniest issues for the president has been his alliances with Bildu, and the first sentence that Sánchez said in his last speech was: “If someone has told you that you have to vote for the PP to end ETA, let them know that they are not it will, because ETA ended in 2011”. He alone had put ETA – the damn elephant – back in the room, without anyone asking or demanding it. Instead of offering his project, he referred to his adversaries, valuing them. Feijóo closed the debate with his opponent knocked out and on the ground, while he wore a certain satisfied smile.

Please, do not turn in rounds. Pedro Sánchez’s problem is him, specifically his arrogance. A haughtiness that confuses him and leads him to continually lower himself to the category of leader of the opposition, when in reality he is a president of the nation’s Government. Pedro Sánchez does not know very well who he is and what his category is, not human but political, that he hides behind his anxiety and his superiority complex. Criticism hurts him too much and what others will say or think about him, a difficult situation to bear for a politician constantly subjected to scrutiny. Hence, Sánchez became like a motorcycle when Feijóo refuted his arguments, instead of explaining clearly and serenely why the Spanish economy is going like a motorcycle.

Perhaps worst of all, society has begun to see a certain toxic capacity in the protagonist, and that explains the polarization that he has caused in the Spanish population in recent years. When what this society really wants is to live peacefully politically and balanced economically. His tense tone and his aggressiveness were also very surprising, while his rival was more serene and had a much more empathetic non-verbal communication.

It is perhaps in this transmission of ideas that he does not use spoken messages where President Sánchez stumbles the most, and his overwhelming image ends up devouring the character, who, as in the myth of Narciso, seeks his own exclusive beauty in the reflection of the water, but ends up drowning in it as the only virtue of his character. Nothing is decided until 23-J passes, but the debate on Monday has been a great boost for Núñez Feijóo.

Up to 23 millimeters of rain fell in some areas as small streams turned into raging rivers in Vermont’s worst flooding since Tropical Storm Irene in 2011, ABC News reported.

On Tuesday, authorities said more than 100 people had been rescued in Vermont so far. No injuries or deaths have been reported, Scott said. Flood waters continue to rise and more heavy rains are expected in the state that could drench already saturated soils, the governor said. In the Vermont capital, Montpelier, the Winooski River reached 640 centimeters, the highest level since 1927. According to Scott, he even had to go to the emergency response center Tuesday morning by boat because the roads around his home they were flooded.

More rescuers are being sent to affected areas, including teams from Connecticut, Massachusetts and North Carolina, for what authorities described as a multi-day operation. Helicopters from the Vermont and New Hampshire National Guards are also assisting with the evacuation, authorities said.

The northeastern United States is bracing for a “historic storm.” Hurricanes and heavy rains are expected for Thursday in most of its territory.

New Swedish commitment to the Spanish corporate travel unicorn Travelperk. The Nordic ETF Kinnevik has once again injected another 17 million euros into the start-up during the second quarter of the year in a transaction that allows it to increase its shareholding position and establish itself as one of the most relevant names. The valuation of the Barcelona-based platform that it has set after the operation is the same as the extension of the round that it signed a while ago and that consolidated it as a unicorn.

Kinnevik’s movements are relevant. It is a significant action by two of the Spanish unicorns. And by being listed, this almost centenary ‘family office’ offers a more transparent vision of what happens in these companies and, above all, the valuations set. The Swedes entered Travelperk in 2018. Until now, they had invested just over 62 million euros in the different rounds of financing that had allowed them to control 15% of the voting power and have a seat on the board -. Now, as reflected in its semi-annual report presented to analysts, it increases disbursements in a strategy of increasing positions in “winning” companies.

Specifically, it has invested 203 million Swedish crowns, which is just over 17 million euros at the current exchange rate. It does not make it clear what the origin of the transaction is. But from the words of the CEO, Georgi Ganev, before the analysts, it can be deduced that it has been a secondary sale since they insist that the companies in which they have raised their bets, among which is Travelperk itself, have gasoline in the form of Sufficient capital without the urgent need to raise more. What is clear is that it rises to 16%.

One of the key points that has been looked at with a magnifying glass in recent quarters is that of valuation. Given this new macroeconomic scenario and after a strong adjustment of companies in the sector on the stock market, those ‘prices’ set for unlisted companies suffer some downward pressure. In the case of Travelperk, Kinnevik says it is benefiting from the “continued recovery” in corporate travel spending with a “favorable” comparison to early 2022, when they are still affected by the global coronavirus pandemic.

“Travelperk grows revenue at a significantly higher rate than its listed benchmark rivals,” he explains. According to the Stockholm-based investment manager, it broke the $100 million annualized revenue barrier by 2022. Its valuation remains largely unchanged at €1.2 billion. Its multiples in relation to revenue “fall 10 compared to its peers, which increased by 20%.”

This investment in the Spanish company or in others such as Instabee, a Swedish last-mile logistics company, corresponds to the family office’s strategy of focusing its efforts on “winning” companies. “Our main priority in 2023 is to increase the impact of our high-conviction businesses,” they point out. There are others that they have dropped in their portfolio, such as the British digital health company Babylon, which has gone public with a sale to a fund and in which dreams have not wanted to participate.

the other unicorns

The other great Spanish participation of Kinnevik is Jobandtalent. And in this case, the valuation has remained stable, as has the shareholding position of this investor. During this time, the fund has varied the comparables with those that set the company’s valuation. The two most obvious are Fiverr or Upwork, listed companies in the employment sector. To this we must add two markets such as Airbnb or Uber. According to his calculations, they all saw an average increase in their multiples of around 10 or 15 percent. “Our underlying valuation change is muted by senior liquidations that cause unchanged value,” they explain. Today it is slightly above 2 billion.

In addition to these two unicorns, there are many others with that valuation. In 2022 three were added to that list: Factorial, Fever and Recover. The first, developer of human resources management software mainly for SMEs, required a very high valuation despite the fact that it was activated in the summer, when the multiples had suffered. The second did so after the entry of Goldman. In addition, there are others that are somewhat more veteran such as Idealista, Devo or Cabify. The latter closed an injection of capital from the public fund Next Tech of the ICO and from Francisco Riberas (Orilla Asset Management), whose ‘price’ was not made public.

The former Elle magazine columnist claims she was sexually assaulted by Trump in a New York department store in 1996. Trump has denied the allegation, calling it a “complete scam.” Carroll, 79, has already won a second case against Trump over comments he made after leaving the White House. In May, a jury in New York found Trump liable for sexual assault and defamation and ordered the former president to pay him $5 million in damages.

Trump tried to delay the first defamation lawsuit by saying he should be granted immunity because he made the comments while speaking to the media in his capacity as president. At first, the Justice Department agreed with this view. But on Tuesday, her representatives cited the jury’s verdict, Trump’s October testimony and new allegations by Carroll that the former president defamed her again with comments he made during an appearance on CNN the day after the verdict was delivered. They said the new evidence suggests Trump “was motivated by personal grudges” related to events that took place many years before his presidency, according to the New York Times.

The decision leaves Trump, 77, legally exposed to further damages in the lawsuit and forced to rely on his own legal team rather than government assistance as a former president. Steven Cheung, Trump’s spokesman, said the move showed that Joe Biden’s Justice Department is “politically arming the justice system” against Trump. Carroll is seeking $10 million in damages for the first lawsuit. A new trial in this high-profile case is scheduled for January 15, 2024.

Until not long ago, BBVA stood as the most profitable company within the sector in which it operates for the shareholder this 2023. Its position as ‘king of the dividend’ has been assured for a while, but as the markets approached the halfway through the year they have found certain values ​​to snatch the podium, as is the case of Caixa Bank, which has placed itself above the entity led by Carlos Torres. However, the real ‘Sorpasso’ has come from the hand of Mapfre, which has flattered both on the left and gained positions until it remains the listed one that OR PERFORMANCE OFFERS TO ITS Investors in terms of remuneration within the financial sphere.

The profitability of the group headed by Antonio Huertas currently exceeds 8.26%, a percentage that is only ahead of Enagás (10.8%) when comparing the Ibex 35 listed companies. It is followed by Telefónica, also with 8.26% and we must go down to fourth and fifth place to find the aforementioned CaixaBank (8.1%) and BBVA (7.67%). Part of this result is explained by the worse performance of the insurer in the stock market in comparison with these two banks, after posting a drop of 1.1% so far this year, compared to the modest rise of 3.3% of the firm chaired by Ignacio Goirigolzarri and the rebound of 23.2% of the entity based in the candle.

At the shareholders’ meeting held last May, Mapfre’s board of directors participated in the distribution of 263 million charged to the 2022 accounts for the complementary dividend. In this way, the ‘pay-out’ ratio (percentage of profit that goes to shareholders) is close to 70% if one takes into account the 186 million distributed at the end of last year. In any case, the interim dividend that is normally stipulated for the end of the year has yet to be announced.

CaixaBank already paid more than 1,730 million last April, equivalent to 55% of the profit obtained in 2022, after setting in its remuneration policy to distribute slightly more than half of its consolidated net earnings through a single payment. BBVA, for its part, distributed more than 1,800 million last April after obtaining the largest profit in its history in 2022, to which another dividend will possibly be added in the final stretch of the year, as it did last October.

In the background are Sabadell, Unicaja Banco and Bankinter, whose dividend yield ranges between 6.9% and 6.7%. This represents a drop of almost one point compared to the end of March 2023, when they were close to 8%. The falls experienced in the stock market as a result of the near financial crisis in the United States, which ended (for the moment) last May with the private rescue of First Republic Bank, as well as in Europe, where the financial earthquake forced the purchase from Credit Suisse by UBS, widened this margin.

In the last three and a half months, the dividend yield has narrowed as the price has recovered from the blow, although the aforementioned Unicaja Banco and Bankinter are still resisting the stock market meltdown and it leads them to accumulate a decline of 5.2% and of 1.18%, respectively, in the annual calculation. On the contrary, Sabadell has increased in value by more than 26% so far this year.

In this line, Santander climbed in the ranking to the fourteenth position, but rose 5.6% from the 4.7% it marked at the end of the first quarter of the year, given the worst performance recorded between April and so far in July. As a whole, it accumulates a revaluation of almost 19%, with a ‘pay-out’ ratio of 50%, in line with that established by the large Spanish banks. All of the aforementioned projected a return above the average of the Ibex 35, whose average has been around 4% over the last three decades, according to BME data.

Below are some such as Acciona (3.4%), Fluidra (3.28%), Ferrovial SE (2.55%), Indra (2.3%), Amadeus (1.5%) and Cellnex Telecom ( 0.16%). IAG, Meliá and Solaria are left off the list, which do not plan to approve a dividend, as is Grifols, which keeps it suspended until they reduce the volume of debt to four times the ebitda, something that may happen at the end of 2024, according to the roadmap established by the company itself. Traditionally, summer is usually one of the golden times to make this outlay in which the group of all members listed on the Spanish Stock Exchange will pay around 7,000 million.

The digital transformation that financial institutions are experiencing is reflected in the growing demand for workers with technology. Spanish banks were already undergoing a digitization process before the pandemic broke out, but with the arrival of the coronavirus it accelerated. Proof of this is that half of the products contracted by its customers are done through digital channels and the use of electronic payments, such as mobile phones, has been consolidated. This is leading financial institutions to search for these workers to incorporate them into the workforce.

Santander Bank Currently seeks to fill 500 technology vacancies. Specifically, the entity chaired by Ana Botín offers 484 positions for technology workers, of which 165 correspond to software engineers, 59 to infrastructure and systems workers and another 35 to technology project management. These offers would join the 349 incorporations already made in the first six months of the year in functions such as Software Engineering, Cybersecurity, Compliance, Product & IT Management, among others.

From the bank they confirm that these are professions that are in high demand and they are always looking for profiles of this type to incorporate into the entity. Regarding the workplace, the offers are at the group level, but the horrible one would be concentrated in Spain, with 234 offers, followed by Poland, with 54, Mexico, with 47, and the United Kingdom. Brazil, where the bank also has a presence, would seek 76 workers of this type.

Precisely this growing demand and the difficulty that financial institutions find to incorporate these profiles led Banco Santander to propose a specific recruitment strategy to create technological profiles for this the ‘Be Tech! with Santander’ in 2020, which sought to attract 1,000 professionals of this type in Spain and 3,000 worldwide, with the aim of accelerating the digital and technological transformation in which the bank is immersed.

In 2019, Banco Santander announced that it would allocate more than 20,000 million euros to digital transformation and technology for the next four years. This commitment allowed the number of customers that use digital channels to exceed 50 million and 56% of the bank’s sales are already made through the web or mobile.

Kutxabank, BBVA and Openbank are also looking for IT professionals

Santander is not the only entity that has set its sights on IT professionals. Kutxabank announced this week that it plans to incorporate 94 workers, of which slightly less than 50% will be linked to new technologies. However, the bank of Basque origin has stressed that by the end of the year it will incorporate workers with a more technological profile. Kutxabank has clarified that the objective is to encourage digital improvement and that it is included within the ‘Plan Acelera’ projects, which will dedicate an additional 30 million to offer first-line digital solutions for its customers.

For its part, BBVA 00), of which 1,000 would be to be contracted in Spain. For this, it has also created a job portal. “The profiles that we are most demanding for the Engineering area are ‘software’ developers and data engineers, followed by specialists in security, infrastructure and architecture,” explained Pedro J. Méndez, global head of Talent and Culture of the entity.

Likewise, and given this difficulty in attracting talent, the bank will award 2,000 euros to each employee who nominates a candidate and is finally hired. A strategy that has already been implemented by Openbank, the digital subsidiary of Banco Santander. Although in this case it was the clients who could earn up to 10,000 euros, at a rate of 1,000 euros per candidate, if these professionals finally joined the entity. Precisely, the sources of the bank indicate that the campaign covers them very well, so much so that they received thousands of resumes. A process that has allowed the entity to position itself as a technological reference.

California Gov. Gavin Newsom, who previously blocked parole attempts, said Friday he would not challenge Van Houten’s release in state Supreme Court, NBC News reported. The pardon commission concluded that the prisoner “no longer represents an unreasonable danger to public safety” and repented of her act.

Van Houten was originally sentenced to death for the murders of Leno and Rosemary La Bianca on August 10, 1969. Then Manson and another member of his cult, Charles Watson, entered the couple’s home and tied them up. According to court records, Manson came out and told Van Houten and another person to go inside and follow Watson’s instructions. On the eve of Watson and other members of the cult killed the wife of director Roman Polanski, actress Sharon Tate and others in their home.

Van Houten’s release request has been denied 19 times. Imprisoned for more than 50 years, she was considered a model prisoner. Van Houten is the second of six Manson cult members convicted of murder and initially sentenced to death.

Most of their death sentences were commuted to life imprisonment in a 1972 court decision that outlawed the death penalty. The death penalty was later reinstated in California. In 1971, a judge commuted Steve Grogan’s death sentence to life imprisonment, and in 1985 he was paroled. Manson himself died in a prison hospital in 2017. Watson and Patricia Krenwinkel are still serving life sentences. Susan Atkins died in prison in 2009.

A relative of one of the people killed by the Manson Family in the 1960s, who regularly attended parole hearings for cult members, said Van Houten’s release was “a failure of the parole system.” “.

Netflix has taken investors on a wild ride over the past two years. Shares of the content streaming giant soared during the tech-company buying frenzy, closing at an all-time high of $691.69 on Nov. multiyear of $164.28 on June 14, 2022, as its growth slowed, it lost recipients for the first time in more than a decade, and rising interest rates deflated its valuations. Mind you, after going under, the value more than doubles to about $380 in the last year.

Is it finally Netflix’s time after those huge price swings? Morgan Stanley’s analysis department considers that it may be facing a somewhat more positive scenario for the coming months. “We are optimistic about Netflix, since the adjustment plans, the withdrawal of competitors and the disciplined trends of the expenses improve our perspectives,” the entity explains. That’s why they’ve warned their price target at $450, which reflects roughly 25 times their 2005 earnings per share forecast of $20, with a six-month discount.

“For the year 2024 we foresee an EPS growth rate of 20% over three years, which, from our point of view, supports this multiple premium”, highlights the North American bank. However, twelve months from now, these experts consider that there may be more risk of compression of their multiples. Analysts at the US banking firm expect the company to offer a better entry point. Netflix is ​​up nearly 50% or $65 billion so far this year, surpassing $200 billion in market capitalization.

Consensus 24-year adjusted earnings per share estimates have risen approximately 10% over the year, implying that the 24-year P/E multiple has risen 35-40% over the year. Morgan Stanley says that since the announcement of its compensation policy on May 23, the company has added about $40 billion. “To write an IRR of 20% from here, the shares will have to trade at almost 30 times our expected earnings per share of $20 in 2025 based on our estimate for 2024 of about 26 times our expected earnings per share in the bullish scenario,” he says.

Improved subscriptions

Overall, Morgan Stanley believes that Netflix is ​​once again outperforming its competitors. “Shared payment services demonstrated the growth of more net users than other players within the sector and wiped out our previous forecast,” these experts comment. With these wickerwork, the bank believes that the company is about to demonstrate how good the streaming business can be on a large scale: “The combination of accelerating revenue with limited growth in expenses will improve profitability, in particular the RNOA and ROE, by almost 1,000 basis points from 2022 to 2025, reaching 28% and 21% respectively”.

“Our OI margins primarily reflect the benefits of declining content spend in 2023 – including the impact of the writers’ strike – on content amortization in 2024, and an expectation of continued flat marketing spend compared to other rivals. es”, highlights Morgan Stanley positively. Analysts of the North American firm slightly increase their revenue forecast for 2024 for revenue per user (ARPU) from additional subscribers and the monetization calendar compared to their previous expectations .

“We are increasing our global net profit forecast to reflect a greater mix of new subscribers vs. member sub-accounts, especially in the UCAN region… However, this is offset by an expectation of more modest sequential ARPU improvement in 3 quarters and 4. (…) We continue to expect a normal cadence of price increases to resume next year”, they conclude before assuring that Netflix is ​​finding the right path to growth and profitability.

The service department of the traffic police regiment of the traffic police of the Ministry of Internal Affairs of Russia for the city of Vladivostok received a message about an accident on the road. State Transit inspectors and an ambulance arrived at the scene.

The truck driver is known to have lost control and collided with seven vehicles. There is still no information about the victims, the cars suffered mechanical damage.

A traffic jam has built up at the scene of the accident. Traffic is one lane.

All the circumstances of the accident are now being established.

Naturgy’s board of directors met this Tuesday to study the new distribution of powers in the gas company and the uncertainty regarding the role that the number two of the president, Francisco Reynés, will have is what would have stopped Ignacio Gutiérrez-Orrantia from signing as CEO after almost realizing his appointment for granted over the past week.

Gutiérrez-Orrantia’s “withdrawal” transpired hours before the 12 members of the council met after pressure from the CVC Capital Partners and Global Infrastructure Management (GIP) funds, which between the two hold 40% of the capital, so that Reynés delegate part of its functions. They also analyzed the semi-annual accounts, which the company intends to present to the market before the end of July.

As Bloomberg advanced and La Información has been able to confirm in financial sources, there was no type of counteroffer from Citi and the executive communicated his decision to Reynés himself on Sunday. For his part, on Monday he ratified his continuity to the leadership of Citi and yesterday he did so to his most direct team of collaborators. Gutiérrez-Orrantia has also been weighed down by the fact that more than 2,000 people living in 50 different countries have their burden. Naturgy’s main shareholders agreed on the director’s profile to designate him as number two in the group. However, a formal decision from the board was not expected to come out, but rather a debate on the creation of the CEO position.

After days of noise, in a three-line statement, Criteria Caixa, the company’s largest shareholder with 26.7%, came out in defense of Reynés. “Criteria, Naturgy’s largest shareholder, confirms its confidence in the company’s management team headed by its president Francisco Reynés and will support his proposals aimed at being able to face the important challenges of the company in the coming years,” reads the letter from the holding investor. of the investment arm of the La Caixa Foundation, chaired by Isidro Faine.

The profile sought by the funds is financial to face a possible capital outflow. It has been speculating for some time with the will of GIP to get out of the shareholding of the energy company, which it reached in 2017, with the aim of bringing out the capital gains that it accumulates. The fund saw the opportunity in ‘Géminis’, the project to split Naturgy into two listed companies that has been buried practically since the day it was announced, on February 10, 2022. The geopolitical context stopped any type of movement and, after many rumors about possible shareholding movements, in November last year the funds wanted to calm the waters by ensuring their “investor commitment” with the 2021-2025 strategic plan.

However, now at Naturgy a new horizon is opening up to be defined. Gutiérrez-Orrantia had everyone’s approval for being a well-known man in the house: he advised on the company’s latest strategic plan and prepared the board of directors’ report on the IFM takeover bid last year. The Appointments, Remuneration and Corporate Governance committee has met several times in recent months to discuss the return of a CEO. Naturgy is the only energy company on the Ibex 35 that concentrates the figures of chairman and CEO in the same person. Iberdrola was the last to separate the charges, although Ignacio Sánchez Galán continues with all executive powers.

Reynés was re-elected to the position just a few months ago for another four years, but he has been weighed down by the renegotiation of the supply contract with Algeria and the impossibility of removing the split in two. It must be remembered that Criteria avoided supporting the salary of the manager and the rest of the board of directors by abstaining from the meeting. Industrial engineer, mechanical specialty, from the Polytechnic University of Barcelona, ​​and an MBA from IESE, he has been president of Naturgy since February 2018 and for his signing he made it a condition to have 100% of the executive functions. Fainé, who did not have them, took over as his trusted man when Reynés was vice president and CEO of Abertis. His appointment also meant the departure of the then CEO of Gas Natural Fenosa, Rafael Villaseca.

‘Gemini’

Naturgy’s objective is to split into two companies. One of the two groups will manage the liberalized businesses in an integrated manner (Naturgy MarketsCo): the development of renewable energies; 11 million clients) of gas supplies. For its part, the other group will bring together all the regulated infrastructures (Naturgy Networks) for energy distribution and transmission. The asset base is more than 155,000 km of electricity networks, 135,000 km of gas networks and 16 million connection points (present in 6 countries).

The Kyzyl prosecutor’s office checked the work of the health center and found that last winter an ambulance brought a 62-year-old resident of the capital of the Republic of Tyva to the hospital: the pensioner complained of high blood pressure.

– The woman was assigned to the urology department without medical evidence, where, due to the lack of due care by medical personnel, she received a burn on her foot from the battery. In the context of diabetes mellitus, sepsis occurred at the burn site, the patient underwent surgery to amputate her foot, and then the lower part of her leg, the control authority reported.

It is also known that being in the same room with a coronavirus patient caused a woman to contract pneumonia and death.

The prosecutor’s office sent materials to the Investigative Committee indicating serious violations of health care standards. A criminal case has been initiated.