Sunday, December 10
UBS steps into ‘Gen Z’ push with $1.4 bln Wealthfront buy
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UBS steps into ‘Gen Z’ push with $1.4 bln Wealthfront buy

Breadcrumb Trail Links PMN Business Author of the article: Reuters Michael Shields and Brenna Hughes Neghaiwi Article content ZURICH — UBS has agreed to buy California-based digital wealth management start-up Wealthfront in a $1.4 billion all-cash deal, as the Swiss bank targets younger tech-savvy investors in the United States. UBS said it would make Wealthfront's capabilities "the foundation" as it seeks to grow business amongst the 130 million millennial and Gen Z investors in the United States who will "own an increasing share of the world's wealth." The acquisition marks the first major deal in Chief Executive Ralph Hamers' bid https://www.reuters.com/business/finance/ubs-ramps-up-netflix-banking-tap-into-stream-millionaires-2021-06- 07 to reach customers outside...
Vibrant, an ‘app’ for ‘contactless’ payments that replaces the dataphone
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Vibrant, an ‘app’ for ‘contactless’ payments that replaces the dataphone

This application allows small businesses, artisans or freelancers to be able to manage collections from their mobile phones in an efficient, flexible way and without the need for a fixed structure.Designed to support local businesses in Barcelona, ​​it is already used by artists, creatives, designers, graphic artists, photographers or owners of small neighborhood shops. For a few years now, paying by card has become something not so simple. The old dataphones belong to another era, they run out of battery, without signal, they are heavy and not all of them accept many cards or accept 'contactless' payment. What's more, They are not usually efficient for small businesses, artisans or the self-employed. ...
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TNNS Pro NFT Platform Putting Athletes at the Forefront

The world of cryptocurrencies has expanded tremendously over the past couple of years, and it shows no signs of slowing down when it comes to adoption. Interestingly enough, throughout the past few months, we saw major crypto-related companies ink major deals with sports-related avenues. And while sports seem to be a highly targeted area for advertisers, the athletes seem to be left out of the picture. This is where TNNS Pro comes into the picture with high hopes of changing this and putting athletes at the forefront. TNNS Pro and Its Vision TNNS was founded with a very simple goal in mind – to reward athletes for their commitment to the sport. The project’s CEO, Tsolak Gevorkian, is a former tennis professional and a competitor for the Armenian Davis Cup team. Our Vis...
Brookfield buys Cupa Group for more than 900 million
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Brookfield buys Cupa Group for more than 900 million

the canadian background Brookfield signed this Wednesday the purchase of Cupa Group, world leader in the manufacture of natural slate for roofs, facades and roofs, as confirmed by different financial sources to El Periódico de España. This Galician company has carried out important projects such as the roof of the emblematic Metropolis Building or the Almudena Cathedral in Madrid, among others. The amount of the operation has exceeded 900 million euros, adding capital and debt, according to the same sources. Related news To date, the company was in the hands of the American fund Carlyle, which became a sharehol...
Investing.com Podcast: What are Bitcoin ATMs and how do they work?  By Investing.com
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Investing.com Podcast: What are Bitcoin ATMs and how do they work? By Investing.com

© Investing.com Podcast made by Carlos González Investing.com - In today's episode we talk to Alex Fernández, CEO of Bitbase, about ATMs and cryptocurrency stores with the aim of explaining how they work, what regulations they have and how we can buy or sell cryptocurrencies through them. In the same way, the CEO of will explain to us why Spain is one of the leading countries in the world in cryptocurrency ATMs, what are the advantages of buying crypto through ATMs instead of a digital Exchange or what type of information do ATMs request from users when making transactions with cryptocurrencies. Listen to the episode via Spotify (NYSE:), Anchor, Google (NASDAQ:) Podcast The Apple (NASDAQ:) Podcast among other prominent platforms. Legal warning: Fusion Media would like to remind ...
EuroMALE: this is the futuristic military drone in which Spain will invest 1,900 million euros
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EuroMALE: this is the futuristic military drone in which Spain will invest 1,900 million euros

The Ministry of Defense has approved a investment of up to 1,900 million euros in the EuroMALE program, the drone with military technology that will be introduced in 2025 and will be one of the great pillars of European air defense. The 'European Medium-Altitude Long-Endurance Remotely Piloted Aircraft System (MALE RPAS)', known simply as EuroMALE or Eurodron, is one of Europe's great military projects for the coming years and now the Government of Spain has given the green light to its promotion, with an allocation of 1,739.3 million euros for the development and production phases, together with an additional 150.5 million as logistical support. (more…)
TREA AM closes 2021 with 6,250 million euros in managed assets
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TREA AM closes 2021 with 6,250 million euros in managed assets

At the end of last year, TREA AM reached a volume of managed assets of 6,250 million euros, which represents a percentage increase of 18% compared to the end of the previous year, an increase greater than the 15.7% in which the industry grew in that period, according to Inverco data. Its growth strategy allowed it to increase its managed assets by 950 million euros throughout the year.This volume of assets under management consolidates TREA AM as one of the main Spanish independent fund managers and endorses the business model of the company, specialized in creating tailored investment solutions for institutional clients.The increase in the volume of assets managed by TREA AM in the past year has also been accompanied by the improvement in profitability obtained through active managem...
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Sterling hits 2022 low vs dollar on Fed rate hike plans, PM troubles

Article content LONDON — Sterling hit the lowest level of 2022 versus the US dollar on Thursday as investors sold off riskier assets in response to the US Federal Reserve saying it will likely hike rates in March. Traders said they were also monitoring rising political risks in Britain as police opened an investigation into possible COVID-19 lockdown breaches at Boris Johnson's Downing Street office and residence, the latest blow to a prime minister facing growing calls to resign. “We have seen sterling/dollar register a fresh year to date low in the wake of the market reflecting upon a more hawkish Fed (and) ongoing UK political risk, as the Gray report continues to hang over the head of the Prime Minister,” said Jeremy Stretch, head of G10 FX strategy at CIBC. Article content An offi...
Kurdish Forces Pursue Jihadists After Syria Prison Attack
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Kurdish Forces Pursue Jihadists After Syria Prison Attack

Kurdish forces continue to search this Thursday for jihadists around a large prison in northeastern Syria, recovered the day before after an attack by the Islamic State (IS) group, the Syrian Observatory for Human Rights (OSDH) said.The Kurdish-dominated Syrian Democratic Forces (SDF) announced Wednesday that it had fully retaken control of Ghwayran prison, ending six days of fighting that left more than 200 dead in the worst jihadist attack in Syria in three. years.On Thursday, SDF fighters, backed by the US-led anti-jihadist coalition, "have combed the cells and neighborhoods around the prison looking for jihadists," said the UK-based SOHR, but with a large network of sources in Syria."Coalition aircraft attacked IS fighters overnight in areas around the prison, killing at least seven...
DIW: Omikron wave slows down German economy at the beginning of the year
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DIW: Omikron wave slows down German economy at the beginning of the year

By Andreas Killer BERLIN (Dow Jones) -- The economic barometer of the German Institute for Economic Research (DIW) fell slightly in January, according to the institute. After being just above the 100-point threshold in the fourth quarter of 2021, it has now fallen below it with an index level of 99.5 points for the first quarter of 2022. "Economic output in Germany is likely to have eased somewhat in the final quarter," explained the DIW. Mainly because of the current omicron wave, there are now signs of a slight decline for the beginning of the year. "The currently enormously high number of corona infections is slowing down the German economy," said DIW expert for the German economy, Simon Junker. In the industry, however, there are more and more indications that the material...
ERC, EH, Bildu, CUP and BNG mount a common front to request changes in the labor reform but see room for agreement
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ERC, EH, Bildu, CUP and BNG mount a common front to request changes in the labor reform but see room for agreement

In a "common front" that tries to pressure the Government, the spokespersons of the main pro-independence formations, ERC, EH Bildu, CUP and BNG, have appeared jointly this Thursday in the Congress of Deputies to present common demands to the Government so that he achieves his support for the validation of the labor reform decree, a vote scheduled for next February 3. The Government obtains a new support fr...
Dollar sails high as markets brace for larger, faster rate hikes
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Dollar sails high as markets brace for larger, faster rate hikes

Breadcrumb Trail Links PMN Business Author of the article: Article content LONDON — The dollar climbed to multi-week highs against other major currencies on Thursday, bolstered by the prospects for faster and larger interest rate hikes in the months ahead. As London trade got under way, the dollar index held at its highest levels since mid-December, while the euro languished at two-month lows of $1.11930. The greenback also hit its highest levels in more than a year against the New Zealand dollar and a seven-week peak against Australia's currency. Advertisement This advertisement has not loaded yet, but your article continues below. Article content It rose broadly against emerging market currencies as money markets moved swiftly to all but price in as many as f...
Unions convey the importance of labor reform with events in Bilbao and Barcelona
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Unions convey the importance of labor reform with events in Bilbao and Barcelona

UGT and CCOO launch this Thursday an explanatory campaign of the labor reform that will take their directorates throughout Spain to convey to their members and cadres the importance of the agreement reached before Christmas Eve by unions, businessmen and the Government. And that the acts begin just one week after the decisive vote in Congress to validate the norm is not a coincidence, nor are the places chosen to inaugurate that round: Bilbao and Barcelona. "The idea is to create a favorable breeding ground for 'yes'', of course", confesses a union leader. And it is that some of the parties that can be decisive for the approval are Catalan and Basque forces that until now are reluctant: ERC, EH Bildu and P...
Sabadell accounts: Still far from pre-pandemic levels, to put a but
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Sabadell accounts: Still far from pre-pandemic levels, to put a but

Banco Sabadell closed 2021 with a net attributable profit of 530 million euros, compared to 2 million euros in 2020, when it provisioned 2,275 million for Covid-19, as reported this Thursday to the National Securities Market Commission (CNMV). ).According to Victoria Torre, from Singular Bank, the market is recognizing the good figures from Sabadell, which has far exceeded forecasts. It also highlights the good behavior that TSB has had and that the entity resumes the cash dividend of 0.03 euros per share, which represents a pay-out of 31.8% on the results of 2021. It will be submitted for ratification in the next General Meeting of Shareholders.Like other positive aspects, the net interest income has managed to grow in a complicated environment, and the drop in forecasts given that th...
Detectives in search of “picaresque and abuse” in casualties after positive tests in covid
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Detectives in search of “picaresque and abuse” in casualties after positive tests in covid

agencies of detectives from Palma de Majorca have recorded a large increase in requests from companies to investigate casualties due to covid and they have detected numerous cases of "picaresque and abuse". Many of these low processed through the internet and with a test carried out at the pharmacy, without an in-person appointment with the doctor. Some of these cases were flagrant frauds, but above all it has been proven that many of the supposedly asymptomatic patients extended the leave period as much as possible, and at the same time they carried out contraindicated activities, such as walks, sports and trips. Ac...
Banco Sabadell gains muscle in profitability after earning 530 million in 2021
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Banco Sabadell gains muscle in profitability after earning 530 million in 2021

The results he presented Sabadell Bank in 2021 they confirmed the strong upward trend of their shares, which made the entity one of the best stocks on the IBEX 35 after posting the best year in its history on the stock market. The bank far outperformed market forecasts and raised its profitability target.In the year of recovery, Banco Sabadell reported a net profit of 530 million euros, compared to two million euros in 2020. The figure far exceeded the 400 million forecast by the consensus of finance analysts.The result of these results meant that the entity advanced its profitability target by one year, presented last spring in its strategic plan.Specifically, the bank forecasts a ROTE of over 6 percent in 2022, a powerful message for the market because it reflects that staff cuts by ...
European justice knocks down model 720 that requires declaring assets abroad
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European justice knocks down model 720 that requires declaring assets abroad

The Court of Justice of the EU rules that the restrictions on the free movement of capital that it imposes are disproportionate and the fines are very highAccording to the ruling, Spanish legislation "goes beyond what is necessary" to guarantee effective tax controls and fight against fraud and tax evasion, The national legislation that obliges tax residents in Spain to declare their assets or rights located abroad -from real estate to bank accounts, assets, own funds, assets of all kinds of entities as well as life and disability insurance- violates community law. The Court of Justice of the European Union has sentenced this Thursday against the controversial Spanish law, promoted by the former PP minis...
2021 closes with 840,700 more jobs and unemployment fell to its lowest level since 2008
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2021 closes with 840,700 more jobs and unemployment fell to its lowest level since 2008

Great job creation and reduction in unemployment in 2021. Unemployment was reduced by 615,900 people in the past year and 840,700 jobs were created, according to data from the Active Population Survey (EPA) published this Thursday by the INE. The number of unemployed thus manages to lower pre-pandemic levels, to stand at 3,103,800, the lowest figure since 2008. ...
FG says N3 trillion is required to continue paying for fuel subsidy
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FG says N3 trillion is required to continue paying for fuel subsidy

The Federal Government has disclosed that the sum of N3 trillion is required to continue paying for fuel subsidy which was recently extended for 18 months. This was disclosed by Nigeria’s Finance Minister, Zainab Ahmed, after the Federal Executive Council (FEC) meeting on Wednesday. The FEC also approved a request for amendment of the 2022 appropriation batch to be transmitted to the National Assembly and also N52.8 billion for the completion of three roads across the country. What the Minister is saying about the cost of fuel subsidy On the much-debated removal of subsidy on Premium Motor Spirit (PMS), the minister said about N3 trillion would be required to continue paying for subsidy. She, however, stated that government was looking at ways of scaling down the amount. Ah...
Up to €500 fine for smoking in the car: all the penalties in force even if the butt is not thrown away
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Up to €500 fine for smoking in the car: all the penalties in force even if the butt is not thrown away

Smoking is not only bad for your health, but also for your pocket. And we are not referring to the price of the cigarette pack, we are thinking of the penalties that we face as drivers if we decide to light up a cigarette while driving. Even if you don't throw away the butt, it is possible that an agent will fine you for smoking while driving. (more…)
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New Honduras leader says she hopes to maintain Taiwan ties

Article content TAIPEI — Honduras is grateful for the support Taiwan has provided and hopes to maintain their relationship, President-elect Xiomara Castro said on Wednesday after meeting Taiwan Vice President William Lai, who is in the country to shore up shaky ties. Honduras is one of only 14 countries with formal diplomatic relations with Chinese-claimed Taiwan. Castro floated the idea of ​​ditching Taipei for Beijing in her election campaign. China has ramped up pressure to reduce Taiwan's international footprint, saying the democratically governed island is Chinese territory with no right to state-to-state ties. Article content In comments to Taiwanese media after meeting Lai, who is in Honduras for the presidential inauguration, Castro thanked Taiwan. “The people of Honduras are a...
Valve’s Steam Deck launches on February 25, the first units are already about candy
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Valve’s Steam Deck launches on February 25, the first units are already about candy

Valve's initial plans called for the first units of the Steam Deck to start shipping in December 2021. However, the company said late last year that the release it was two months late due to problems in the supply chain, although he did not specify a date. Now Valve Has published on their website an updated schedule for the Steam Deck. The American company branded as release date of your portable console on February 25, the day on which they will start sending emails to those who have already made a reservation. New Steam Deck Schedule The company explains that the emails will be sent in the same order in which the reservations were made. In Spain they will begin to be sent on February 25 at 7:00 p.m.. Once customers receive the message, they will have 72 hours to purchase th...
The world’s financial markets at risk from the planet’s most indebted developer
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The world’s financial markets at risk from the planet’s most indebted developer

Chinese authorities are considering a proposal to dismantle China Evergrande Group by selling most of its assets, according to people familiar with the matter.The restructuring proposal, submitted to Beijing by officials from the home province of Evergrande, Guangdong, requires the developer to sell most of the assets except its separately-listed electric vehicle and property management units, said the people, who asked not to be identified because the matter is private. A group led by China Cinda Asset Management, a state-owned bad debt servicer and a major creditor of Evergrande, would take over unsold real estate assets, the people said.If approved by top officials in Beijing, the plan would mark the Xi Jinping government's biggest step yet to prevent a disorderly collapse of the wo...
EU: WTO case against China for discrimination against Lithuania
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EU: WTO case against China for discrimination against Lithuania

BRSSEL (dpa-AFX) - The EU has initiated proceedings against the Asian country at the World Trade Organization (WTO) in the trade conflict between Lithuania and China. It is about China's "discriminatory trade practices against Lithuania, which also affect other exports from the EU internal market," said the authority responsible for EU trade policy in Brussels on Thursday. Since attempts to resolve the dispute have failed, dispute settlement proceedings have been initiated against China.Tensions have arisen between China and Lithuania in recent months. Beijing downgraded its diplomatic ties with the Baltic state after Taiwan opened a representative office under its own name in Vilnius. China regards democratic Taiwan, which seceded from the mainland in 1949, as a breakaway province ...
Sabadell multiplies its profit to 530 million
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Sabadell multiplies its profit to 530 million

The bank leaves behind the barely two million earned in 2020 driven by the contribution of its British subsidiary TSB The entity anticipates in one year the profitability objective that was marked in the strategic plan presented in May Radical change. Banco Sabadell multiplied its profits last year up to 530 million euros, after barely two million the previous year, marked by the pandemic. One of the elements that has allowed it to obtain these results has been the promotion of its British subsidiary, TSB, which contributed 118 million, 22.3% of the total, which contrasts radically with the losses of 220 million a year ago. ...
Spain closed 2021 with an unemployment rate of 13.3%, its lowest level since 2008
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Spain closed 2021 with an unemployment rate of 13.3%, its lowest level since 2008

Spain recovers the number of employed prior to covid, but fewer hours are still worked due to the incidence of furloughs and sick leaveCatalonia created 1.5 times more employment than Madrid in the last year and is the second autonomous region that generates the most employment Spain definitively stitched up a large part of the wounds that, in the workplace, it was dragging from the two economic crises that it has chained in the last decade. the of the covid and that of the real estate and financial bubbles. The unemployment closed last year at its lowest level since 2008 and the job went the other way and stood at its best record since the executives of Lehman Brothers they had to pack their things in c...
Trapero rejoins a Barcelona police station waiting for Interior to clarify his new functions
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Trapero rejoins a Barcelona police station waiting for Interior to clarify his new functions

José Luís Trapero has been working since Wednesday at the Plaza España police station in Barcelona's Eixample, but he still doesn't know what his job will be from now on. As you have advanced The vanguard, the major occupies the office of Rosa Gubianes, inspector of the Equality and Equity unit, on a "provisional" basis. The corruption investigations that Trapero and h...
Reddit Joins The NFT Party With Profile Picture Testing
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Reddit Joins The NFT Party With Profile Picture Testing

Reddit has jumped aboard the NFT bandwagon by testing a feature that allows users to add any NFT they own as their profile picture. The move has mimicked one by Twitter, which launched very a similar feature less than a week ago whereby paying subscribers could add and verify NFTs. Reddit already has its own Ethereum-based NFT collection called CryptoSnoos, which it released in limited numbers last year. Profile Pic NFTs There were very few details available regarding this latest foray into non-fungible tokens. Reddit stated that this particular NFT test is in “very early stages and hasn’t been made available to public users on the site,” according to TechCrunch. Company spokesperson, Tim Rathschmidt, said that it was a small internal test, and decisions on rolling it o...