News Team

The EU presents its plans for the technological race of decarbonization

The EU presents its plans for the technological race of decarbonization

The European Commission this week presents its plans to increase its industrial competitiveness, improve access to critical raw materials and reform its electricity market so that the European Union competes with the United States and China in the technological race of the new zero-emission economy. Brussels’ plans will be unveiled after European Commission President Ursula …

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France faces another day of protests against Macron’s pension plans

France faces another day of protests against Macron's pension plans

France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron’s unpopular pension reform plans, amid ongoing strikes that have hit refineries, public transport and garbage collection. A coalition of French trade unions, which has maintained a rare show of unity since the protest movement was launched in late January, hopes to keep …

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French unions warn government that it plays “with fire”

French unions warn government that it plays "with fire"

The French unions criticized this Saturday what they consider an attitude of “provocation” of the Government of Emmanuel Macron, for continuing not to listen to the strong social rejection of his pension reform project, and asked the Executive not to “play with fire” because the mobilizations will continue. “What else needs to be done?” asked …

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Warning strikes Monday at four German airports

Warning strikes Monday at four German airports

The united services union ver.di has called for warning strikes at the German airports of Berlin, Hamburg, Hannover and Bremen on Monday to demand better wages. The strike at Berlin airport will begin early in the morning and end late at night and air security employees who work in the control of passengers, personnel and …

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The tax gap in the EU opens the door to unfair competition

The disparity of tax legislation between the States of the European Union, with a gap of up to twenty points in their corporate taxes, opens the door to unfair competition that reduces the collection of some countries and seeks to limit the new global minimum rate of 15% for large companies. The decision of Ferrovial …

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Renfe tenders the purchase of 149 wagons for goods for 37.9 million

Renfe tenders the purchase of 149 wagons for goods for 37.9 million

The Board of Directors of Renfe has approved the tender, for 37.9 million euros, for the supply of 149 wagons for its Freight area. The investment is planned within the Next Recovery, Transformation and Resilience Plan (LON:NXT) Generation, financed by the European Union, which will subsidise an amount of EUR 14.5 million. The tender will …

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Argentine oil company YPF earns 2,234 million dollars in 2022

Argentine oil company YPF earns 2,234 million dollars in 2022

The oil company YPF (BA:YPFD), controlled by the Argentine State, posted a positive net result of 2,234 million dollars, “the highest annual mark in history”, which contrasts with the 16 million dollars registered in 2021, as described by the company on Friday. According to the financial statements released by YPF, with data expressed in US …

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HKT and Prysmian win major France-Spain submarine cable contract

HKT and Prysmian win major France-Spain submarine cable contract

HKT HV cables and Prysmian Powerlink have been provisionally awarded the engineering, procurement and construction (EPC) contract for a cable submarine between Spain and France via the Bay of Biscay, French network operator RTE said on Friday. The Inelfe project, a joint venture between the Spanish transmission grid operator Red Eléctrica (BME:REDE) and its French …

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Ford will cut 1,100 jobs in Spain -spokesman

Ford will cut 1,100 jobs in Spain -spokesman

U.S. automaker Ford plans to cut 1,100 jobs at its plant in Valencia, eastern Spain, a company spokeswoman said Friday. The layoffs, which have been communicated to unions, are part of changes introduced by the company to its car production line in Europe, the spokeswoman said. “Ford will work constructively with its union partners to …

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The CNMC fines Telefónica in relation to the commitments in the acquisition of Sogecable

The CNMC fines Telefónica in relation to the commitments in the acquisition of Sogecable

Spain’s competition body fined Telefonica (BME) 6 million euros ($6.35 million) on Friday.TEF) for commercial practices, such as permanence clauses in smartphone rentals, which violated the terms of a 2015 takeover agreement between cable TV operator DTS, the former Sogecable. The CNMC, as the regulator is known, said Telefonica’s commercial offerings, which included smartphone leasing, …

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Attentive to the employment report; Lagarde speaks: 5 keys this Friday

Attentive to the employment report; Lagarde speaks: 5 keys this Friday

Today the focus will be on US employment data, one of the thermometers of the US Federal Reserve (Fed) to measure the state of health of the US economy. We will also be watching Christine Lagarde, president of the European Central Bank (ECB). The business earnings season continues. The petroleum It is trading down. Cryptocurrencies …

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Gold Heads for Weekly Decline Amid Rate Hike Pressures

Gold Heads for Weekly Decline Amid Rate Hike Pressures

Gold prices rose on Friday but were headed for a weekly decline as prospects for further interest rate hikes dented their appeal, as traders awaited the U.S. nonfarm payrolls report, due later in the day. At 0909 GMT, spot gold was up 0.3 percent at $1,836.18 an ounce, down more than 1 percent on the …

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U.S., EU to discuss subsidies, minerals deal amid trade dispute

U.S., EU to discuss subsidies, minerals deal amid trade dispute

President Joe Biden and European Commission President Ursula von der Leyen held talks on Friday amid trade frictions that could lead to negotiations over critical minerals used for electric vehicles and government subsidies, U.S. sources said. Biden and von der Leyen will meet at the White House at 2 p.m. EST (1900 GMT) amid European …

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EU to organise joint naval manoeuvres in face of growing security threats

EU to organise joint naval manoeuvres in face of growing security threats

The European Union plans to hold joint naval exercises as part of plans to step up efforts to protect vital maritime infrastructure, the bloc’s environmental policy chief said. Concerns about threats to the safety of Europe’s maritime infrastructure increased with the September attacks on the Nord Stream gas pipelines, which caused natural gas spills into …

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Analysts forecast slower but still solid U.S. job growth in February

Analysts forecast slower but still solid U.S. job growth in February

U.S. job growth likely slowed in February but would still maintain a still solid pace, and the unemployment rate is expected to remain at its lowest level in five decades, potentially prompting the Federal Reserve to raise interest rates longer and higher to control inflation. Labor Department employment data, Friday’s focus, is also expected to …

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GE maintains 2023 profit forecast despite renewables woes

GE maintains 2023 profit forecast despite renewables woes

General Electric (NYSE:GECo on Thursday reiterated its profit outlook for this year as it expects booming demand in its aerospace business to offset the renewables’ difficulties. GE said it expected adjusted earnings of $1.60 to $2.00 per share in 2023, with single-digit revenue growth approaching 10%. Shares of the Boston-based company were up about 1% …

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Silvergate, employment, JPMorgan sues Staley: 5 keys on Wall Street

Silvergate, employment, JPMorgan sues Staley: 5 keys on Wall Street

Cryptocurrencies shudder with the closure of Silvergate. Initial applications for unemployment benefits and the Challenger survey on layoffs complete the labor market picture. U.S. President Joe Biden will outline his administration’s budget plans, including a series of measures that would weigh on stock prices. JPMorgan (NYSE:.JPM) blames Jes Staley for being splashed by the Jeffrey …

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Shell emissions in 2022 fall 10% on lower fuel sales

Shell emissions in 2022 fall 10% on lower fuel sales

Shell fell about 10% in 2022, to 1.232 billion tonnes of CO2 equivalent, as its sales of fuel, including gasoline and diesel, fell about 5% to 4.2 million barrels a day, according to its annual report and Reuters calculations. “The decline is largely due to a reduction in sales of oil and gas products, and …

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Hyundai Motor is in talks to sell its Russia plant to Kazakhstan: media

Hyundai Motor is in talks to sell its Russia plant to Kazakhstan: media

South Korea’s Hyundai Motor is in talks with a Kazakhstani company about selling its manufacturing plant in Russia, South Korean media reported on Thursday. Many factories in Russia have suspended production and laid off workers due to shortages of high-tech equipment due to sanctions and the exodus of Western manufacturers since Moscow invaded Ukraine last …

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Is the fear of inflation over? For and against rigid inflation

Baltic economies face weak growth and high inflation

Two years after inflation began its rapid rise, investors, economists and policymakers remain divided over the way forward. Yes, headline inflation in major developed economies has retreated from multi-decade highs, COVID-19 inflationary impulses, such as soaring used car and semiconductor prices, are fading, and Europe’s gas crisis has subsided. But labor markets are tight and …

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Chairman of the Board of Directors of Vestas resigns

Chairman of the Board of Directors of Vestas resigns

The chairman of the board of Danish wind turbine manufacturer Vestas (CSE:VWSBert Nordberg has decided not to run for re-election, the company said in a statement Thursday. The board expects to elect the company’s former CEO, Anders Runevad, as its new chairman after Vestas’ annual general meeting on April 12, the company said. “Now that …

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Italy to toughen jail sentences for migrant smugglers after shipwreck

Italy to toughen jail sentences for migrant smugglers after shipwreck

The Italian government is poised to approve tougher jail sentences for human traffickers, according to a draft decree seen by Reuters on Thursday, hours before a cabinet meeting near the city where a recent shipwreck killed at least 72 migrants. Four suspected smugglers have been arrested following the Feb. 26 incident in the coastal town …

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Dudas tras Lagarde y Powell: 5 claves este jueves en Bolsa

Dudas tras Lagarde y Powell: 5 claves este jueves en Bolsa

Doubts in the financial markets after the statements of Jerome Powell, chairman of the US Federal Reserve (Fed), and Christine Lagarde, his counterpart at the European Central Bank (ECB). The business earnings season continues. The petroleum It trades with volatility. Cryptocurrencies move with falls this morning. Here are the five factors that investors should consider …

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European stock markets open lower amid the fall of LEG Immobilien

European stock markets open lower amid the fall of LEG Immobilien

European stock markets opened lower on Thursday, with German property LEG Immobilien bottoming out in the benchmark index. STOXX 600 by the suspension of dividends, while investors also worried about the possibility that interest rates will continue to rise for longer. LEG Immobilien shares plunged 10.6% in early trading as the company suspended its dividend …

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Wall Street futures rise: Powell returns to Capitol Hill

Wall Street futures fall: Concern for banking returns

U.S. stocks point to a slightly higher opening on Wednesday, rebounding after heavy losses the previous day ahead of Fed Chairman Jerome Powell’s second round of Capitol Hill’s appearance. At 13:00 (CET), the contract of Dow futures A rise of 20 points, or 0.1%, is pointed out. S&P 500 futures advance 5 points, or 0.2%, …

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U.S. Private Payrolls Up in February: ADP

U.S. Private Payrolls Up in February: ADP

U.S. private payrolls rose more than expected in February, pointing to continued strength in the labor market. Private employment increased by 242,000 jobs last month, the ADP national employment report showed on Wednesday. January’s data was revised upwards to show 119,000 jobs added instead of the 106,000 previously reported. Economists polled by Reuters had forecast …

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US opens investigation into Tesla over reports that flyers come off

US opens investigation into Tesla over reports that flyers come off

The National Highway Traffic Safety Administration said on Wednesday it is opening a preliminary investigation into 120,000 Tesla vehicles (NASDAQ:TSLA) Model Y of 2023 after two reports of steering wheels that came off while driving. The U.S. auto safety regulator said the steering wheels of both vehicles, which had low mileage, came off completely. The …

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Pope affirms that equal opportunities for women is key to a better world

Pope affirms that equal opportunities for women is key to a better world

Pope Francis on Wednesday condemned violence and prejudice against women and said equal pay and opportunities could help create a more peaceful world, while a new survey of Catholic women showed many felt the Church discriminated against them. In the preface to a book published by the Vatican News website on International Women’s Day, Francis …

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Powell anticipates a tougher path of rate hikes, which will begin soon

Powell anticipates a tougher path of rate hikes, which will begin soon

Federal Reserve Chairman Jerome Powell on Tuesday teased key elements of the Fed’s upcoming meeting: A half-point interest rate hike is on the table and the monetary authorities’ updated forecasts are likely to peak rates above the 5.1 percent of their last December projections. Economic data released since the Fed’s last meeting, held between Jan. …

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Oil stabilizes after rate hike worries triggered sell-off

Oil stabilizes after rate hike worries triggered sell-off

Oil prices stabilized after early losses on Wednesday, driven by fears that a more aggressive U.S. interest rate hike would hurt demand, as the market waited for greater clarity on inventories. At 1103 GMT, futures Brent crude They rose 11 cents, or 0.1 percent, to $83.40 a barrel, and those of the West Texas Intermediate …

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Eurozone economic growth fell to zero by the end of 2022

Eurozone economic growth fell to zero by the end of 2022

The euro zone recorded no quarter-on-quarter growth in the final three months of 2022, the European statistical agency reported on Wednesday, revising its GDP and employment growth figures slightly downwards, although the latter remained strong. Euro zone economic growth was 0.0 percent in the fourth quarter from the third quarter and 1.8 percent from a …

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Germany says Nord Stream attacks may be a ‘false flag’ to smear Ukraine

Germany says Nord Stream attacks may be a 'false flag' to smear Ukraine

German Defense Minister Boris Pistorius warned on Wednesday of the danger of reaching premature conclusions about responsibility for blowing up the Nord Stream gas pipelines, suggesting the attack may also have been a “false flag” operation to blame Ukraine. Pistorius made the remarks after a New York Times report, citing intelligence reviewed by U.S. officials, …

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Britain’s Foxtons forecasts strength of London rental

Britain's Foxtons forecasts strength of London rental

Foxtons expects London’s rental market to remain strong in 2023, its chief executive said on Tuesday, while property sales will recover in the latter part of the year. Property sales in Britain have slowed markedly over the past six months as mortgage rates, which rose sharply after September’s disastrous mini-budget, and broader economic woes are …

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Calviño defends that companies with parity have better results

Calviño defends that companies with parity have better results

The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, has assured that companies that have greater diversity in their decision-making bodies have better economic results, after the announcement of the Executive of a law to ensure that parity is met in governments and in the direction of large companies. “Empirical …

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Turnover and prestige: reasons for multinationals to operate in the US

Turnover and prestige: reasons for multinationals to operate in the US

60% of Spanish multinationals operating in the United States do so because of the turnover provided by this market, as well as the prestige and the possibility of expanding contacts with partners, customers and suppliers, according to a report by ICEX and the Forum of Renowned Spanish Brands (FMRE). The report “The Spanish company in …

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Bildu asks to legislate so that companies that relocate return aid

Bildu asks to legislate so that companies that relocate return aid

EH Bildu has registered a non-legislative proposal in Congress to urge the Government to develop the necessary rules so that companies that relocate have to return public aid received in at least ten years. Bildu has informed this Monday of this non-law proposal, which was registered on Friday, the same day that Unidas Podemos announced …

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UAE wants to invest in Egypt’s ports to expand its presence

UAE wants to invest in Egypt's ports to expand its presence

The Emirati giant Abu Dhabi Ports Group (AD Ports Group) has announced that it seeks to invest in the ports of Egypt within its global expansion plans, at a time when the North African country seeks investments in hard currency to try to recover from its current economic crisis, the company reported today. The executive …

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The Ibex exceeds the 9,500 points pending Powell and US employment

The Ibex exceeds the 9,500 points pending Powell and US employment

Spain’s main stock index opened higher on Monday and surpassed the psychological barrier of 9,500 points not seen for more than three years, although current levels could be jeopardized depending on upcoming macroeconomic and monetary developments. European markets were supported by the slight rise in US futures, which point to an upward trend on Wall …

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Oil falls on China’s prospects and awaits Powell’s statements

Oil falls on China's prospects and awaits Powell's statements

Oil prices fell on Monday after China set a lower-than-expected economic growth target for this year and as investors cautiously awaited testimony from U.S. Federal Reserve Chairman Jerome Powell this week. The futures of the Brent crude They were down 53 cents, or 0.6 percent, at $85.30 a barrel at 0735 GMT. U.S. crude futures …

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Telecom Italia shares rise after second bid for fixed phone network

Telecom Italia shares rise after second bid for fixed phone network

Telecom Italia (BIT:TLIT(TIM) rose as much as 5% on Monday after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former telephone monopoly network, rivaling a proposal from US company KKR (NYSE:KKR) TIM is betting on a total divestment of its most precious asset to reduce its debt of 25,000 …

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London to extend financial guarantee for EU research programme candidates

London to extend financial guarantee for EU research programme candidates

Britain said it would extend until the end of June the financial guarantee it has provided to ensure British applicants to the Horizon Europe scientific research programme receive funding while negotiations continue on rejoining the scheme. Under a Brexit trade deal signed in late 2020, Britain negotiated access to a number of EU science and …

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Employment, Powell, central banks: 5 keys to watch this week

Employment, Powell, central banks: 5 keys to watch this week

Friday’s February U.S. jobs report will shed more light on the strength of the labor market, and investors will be watching Federal Reserve Chairman Jerome Powell’s remarks to Congress for new insights into the future direction of interest rates. Equity markets will remain volatile, the central banks of Japan, Canada and Australia will gather and …

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China is able to keep CPI below 3%, according to economic planner

China is able to keep CPI below 3%, according to economic planner

China has “the confidence and ability” to keep the consumer price index (CPI, the main indicator of inflation) below the 3% limit set for 2023, according to the National Development and Reform Commission (NDRC), the country’s top economic planning body. The rate of CPI growth experienced by China in 2022 “contrasted sharply with high inflation …

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Roubini warns: Central banks will “bend” to avoid crash

Roubini warns: Central banks will "bend" to avoid crash

Renowned economist Nouriel Roubini says central banks will be forced to “bend” to avoid causing economic and financial collapses. Roubini, known in the financial community as Dr. Doom for his forecasts of the subprime crisis that led to the 2008 financial crash, says the world faces a more than $300 trillion “debt trap” between the …

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The dollar loses positions; Powell’s speech becomes important

The dollar loses positions although it remains on the rise after Powell's speech

The US dollar loses positions at the beginning of the trading day on Monday in Europe, as the appearance of the chairman of the Federal Reserve Jerome Powell before the US Congress has provoked caution at the beginning of the week. At 9:00 am (CET), the Dollar Index, which tracks the currency’s performance against a …

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China sets modest growth target of around 5% at parliament opening

China sets modest growth target of around 5% at parliament opening

China set a modest economic growth target for this year of around 5 percent, according to a government work report, at the start of the annual session of the National People’s Congress (NPC) on Sunday, which will launch the biggest government overhaul in a decade. In a document, outgoing Premier Li Keqiang said it was …

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UN achieves global compact on biodiversity on the high seas

UN achieves global compact on biodiversity on the high seas

Negotiators from more than 100 countries concluded a U.N. treaty to protect the high seas on Saturday, a long-awaited step that environmental groups say will help reverse the loss of marine biodiversity and ensure sustainable development. The legally binding pact to conserve and ensure the sustainable use of ocean biodiversity, debated for 15 years, was …

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French minister justifies his pension reform with the example of Spain

French minister justifies his pension reform with the example of Spain

The French Minister of Labor, Olivier Dussopt, justifies his controversial pension reform, against which a new day of strikes and demonstrations is being prepared next Tuesday, using as an example the situation in Spain with a left-wing government. In an interview published today by Le Parisien, Dussopt – a former socialist who switched to the …

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Calviño: “Spanish companies are doing very well with this Government”

Calviño: "Spanish companies are doing very well with this Government"

The First Vice-President and Minister of Economic Affairs, Nadia Calviño, reiterated the Government’s rejection of the transfer of the headquarters of Ferrovial (BME:FER) to the Netherlands, which in his opinion “has nothing to do with any action or omission on the part of the Executive”, since “Spanish companies are doing very well with this Government”. …

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Powell’s appearance at Congress will focus investor attention

Powell's appearance at Congress will focus investor attention

Federal Reserve Chairman Jerome Powell’s appearances in the U.S. Congress and Senate will be the main benchmark this week for investors looking for signals on the central bank’s next steps to combat slow-than-expected bottom-up inflation. CMC Markets analyst Luis Francisco Ruiz explains in statements to EFE that the markets are still very aware of the …

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Hispasat plans to offer broadband to 100% of rural Spain this year

Hispasat plans to offer broadband to 100% of rural Spain this year

Hispasat plans to offer broadband internet to “all towns” in Spain “this year”, with speeds of 100 mbps (megabits per second) and 35 euros, after having been the only “provisional” awardee of a connection service in rural areas, which is expected to rise to “definitive”. The idea is to offer this service at a speed …

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The Government will have the first results of the AI regulation in November

The Government will have the first results of the AI regulation in November

The Government plans to launch within a month the invitation to companies to participate in the technical tests of the test bed of the European regulation of Artificial Intelligence (AI) with the aim of having the first conclusions “probably” in November. The Secretary of State for Digitalization and Artificial Intelligence, Carme Artigas, explained in an …

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China sets growth target of around 5% at Parliament opening

China sets growth target of around 5% at Parliament opening

China set a modest economic growth target for this year at around 5 percent, according to a government work report released on Sunday at the start of the annual parliamentary session of the National People’s Congress (NPC). In the report, outgoing Premier Li Keqiang said it was essential to prioritize economic stability, setting a goal …

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Virtual Data Room: Special Features

100% Confidential Information with Virtual Data Room

Virtual data rooms are currently a fairly popular and in-demand technology provided by various providers. And you can take a look at some of the ideal options that are most in demand because of the sheer number of features and the implementation of modern technology within this program. Today, we’re going to explore its basic …

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