During the long weekend in December, Madrid is usually filled with visitors from other provinces, who come to shop, watch musicals and enjoy Christmas decorations and lights. Which, by extension, is what other tourists who are likely to travel to New York or London on these same important dates are doing. Some residents of large cities are bothered by the tourist invasion (and the costs of polluting fuel), but they are often seen on social networks as regular travelers themselves.
In this contradictory line, Somar advocates reducing short flights and replacing them with airplanes, but he believes that the use of the official Falcon plane by Vice President Yolanda Díaz deserves to be an exception. Or Formula 1 driver Lewis Hamilton, who preferred to hold his sports awards ceremony in Paris instead of Baku, to save fuel, while his sport mainly depends on burning it. If all those who vehemently advocate the urgent need to consume, spend and move less were consistent, regulation would become completely unnecessary.
Inditex’s financial treasury is full
Almost everything is going well for Inditex. This usually happens when you have more than one valid account. His investments in fixed income and funds gave him interest income 16 times greater than the previous year in the first nine months of the year. Thanks to this, it compensates for the increase in its lease costs, which have doubled.
The multinational textile company’s abundance of cash means it has enough to invest in new (increasingly select and larger) enterprises and in digital transformation, while it has enough in financial products.
The United States wants to put an end to oil… by extracting everything there is
There are two ways to end the use of fossil fuels: first, stop extracting them; Else, to continue extracting and consuming it until exhausted. The United States appears to be choosing the latter option. With his left hand, Joe Biden defends the importance of sustainability, while a year ago with his right hand, he threatened oil companies with a tax if they did not invest more and lower the price of gasoline. This is exactly what they did, thanks to which the price of oil became moderate. Cheap fuel is a relief to pockets, but it also encourages demand. The good side of it, going back to the beginning, is that at some point you will run out of oil. By then, it is recommended that the solar panels and wind turbines be at full capacity.
Phrase of the day
“Ukraine aspires to be among the top 15 countries in the field of microelectronics and among the top 30 countries in the field of unmanned vehicles. We very positively assess our options to contribute to the ambitious EU target of achieving 20% chip market share by 2030.
Valeria Ionan, Deputy Minister of Digitalization of Ukraine
Lagarde no longer trusts even her own shadow when it comes to inflation
Christine Lagarde is choosing to be cautious about inflation: she does not trust that it will stop as quickly as expected. It has reasons to mistrust the macro forecasts made by the ECB itself, as demonstrated when, at the first dawn of the price crisis, the entity decided to hold on to ultra-low interest rates in the confidence that the storm would be temporary.
On the other hand, Jerome Powell fears that monetary harshness will help cause a recession in the middle of a presidential election year. The Fed has already cut interest rates by strengthening its short-term intentions. The question is whether that is enough to prevent the United States’ outsized influence from leading to a hard landing that seems unlikely.
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