Tuesday, July 5
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The special “Spain lives in flats” by elDiario.es wins the European Digital Media 2022 award

The special report of elDiario.es "Spain lives in flats" has won the prize European Digital Media Awards 2022, the journalism prizes awarded by the World Media Association (WAN-IFRA) for the European continent. The awards have selected the project as the "best data visualization" in Europe in 2021. “Spain lives in flats” is an innovative journalistic project developed ...
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Russian Gas Threat Has German Bankers Fearing Default Spike

Breadcrumb Trail Links PMN Business Germany's banks would be forced to put extra funds aside to cover a potential spike in defaults if the country were to get cut off from Russian gas, several senior bankers said. Author of the article: Bloomberg News Steven Arons and Nicholas Comfort A valve wheel on pipework at the Radeland 2 compressor station for the European Gas Pipeline Link (EUGAL), a downstream pipeline for Nord Stream operated by Gascade Gastransport GmbH, in Radeland, Germany, on Friday, March 11, 2022. The European Union, which is dependent on Russia for about a third of its gas consumption, laid out measures this week to wean the region off Russian supplies this year but any immediate disruption would have widespread economic consequences,...
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ECB’s top shareholder Germany objected to aid for indebted states-sources

Breadcrumb Trail Links PMN Business Author of the article: Reuters Balazs Koranyi and Francesco Canepa Article content FRANKFURT — Bundesbank President Joachim Nagel objected to the European Central Bank's promise of fresh support for the bloc's indebted south at an emergency meeting last month, reviving a divide between the ECB and its biggest shareholder, sources familiar with the matter told Reuters. ECB policymakers pledged to buy more bonds from debt-laden countries at an unscheduled meeting on June 15 to contain a widening spread between their borrowing costs and Germany's as the central bank prepares to raise interest rates. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content But ...
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Zapatero vindicates the LGTBI flag: “It doesn’t matter if some don’t want to put it up because it’s in the streets and in people’s hearts”

The former Prime Minister José Luis Rodríguez Zapatero claimed this Monday for the LGTBIQ+ flag which, “although some do not want to put it up”, he said, referring to PP town halls such as Madrid, “it does not matter because that flag is in the streets , on the balconies and in the hearts of all good people”. In his speech at a conference on LGTBI visibility an...
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Kremlin says others may disagree with Japan’s proposal on Russian oil price cap

Article content Russia needs to wait and see how proposals to cap the price of Russian oil exported abroad are finalized, Kremlin spokesman Dmitry Peskov told reporters on Monday. Commenting on reports that Japan's Prime Minister Fumio Kishida had proposed capping Russian oil's purchase price at around half the current purchase price, Peskov said that other countries may disagree with Tokyo's cap level proposals. (Reporting by Reuters) financialpost.com
Pedro del Cura relinquishes command of Rivas after 8 years as mayor of the municipal stronghold of IU in Madrid
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Pedro del Cura relinquishes command of Rivas after 8 years as mayor of the municipal stronghold of IU in Madrid

The mayor of Rivas-Vaciamadrid, Pedro del Cura, will announce this Monday his decision to resign from his post and abandon the municipal institutional policy, which he reached two decades ago, as he himself confirmed to elDiario.es. Del Cura will cede the baton, if everything goes as planned, to Aída Castillejo, who was number two in his party's candidacy, Izquierda Unida, in the 2019 elections. The current second deputy mayor will thus have time to prepare her candidacy before the elections scheduled for May 2023. ...
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Oil stocks lift FTSE 100, Pets at Home slumps on rating cut

Article content UK's top share index rose on Monday as stable crude prices boosted oil stocks, while investors awaited the earnings season to pick up pace to assess the hit to profits from surging prices and higher interest rates. The blue-chip FTSE 100 rose 1% and the domestically focussed FTSE 250 index slipped 0.1%, with overall trading volumes lightened by a US holiday. Both the indexes started the second half of 2022 on a subdued note on Friday after a rough first six months on worries that aggressive rate hikes would trigger a global recession. Article content Oil majors BP and Shell on Monday rose 3.1% and 2.0%, respectively, as crude priced edged higher on concerns about tight supplies amid lower OPEC output, unrest in Libya and sanctions on Russia. “A small bounce back i...
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Dutch farmers block entrances to supermarket warehouses

Article content THE HAGUE, Netherlands (AP) — Dutch farmers angry at government plans to slash emissions used tractors and trucks Monday to blockade supermarket distribution centers, the latest actions in a summer of discontent in the country's lucrative agricultural sector. The Netherlands' busiest aviation hub, Schiphol Airport, urged travelers to use public transport to get to its terminals amid fears that the blockades also would target airports. The unrest among Dutch farmers was triggered by a government proposal to slash emissions of pollutants like nitrogen oxide and ammonia by 50% by 2030. Provincial governments have been given a year to formulate plans to achieve the goal. Article content That is expected to lead to reducing livestock and buying up some farms whose lives...
Podemos asks to include in the Budgets limits on the price of gasoline, aid for upbringing and care, and taxes on the rich
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Podemos asks to include in the Budgets limits on the price of gasoline, aid for upbringing and care, and taxes on the rich

Podemos has entered this Monday fully into the negotiation with the PSOE for the approval of the next General State Budgets, those of 2023, which will be the last of the progressive government before the general ones scheduled for the end of next year. The Minister of Social Rights and leader of the party, Ione Belarra, considers that these accounts "have to be the milestone that allows the Government to redirect the course and recover the rhythm" of the leftist agenda. “They must be budgets that return a clear political horizon to the Government; they have to be the cotton test ”, she assured this Monday in her s...
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Unemployment fell by 42,409 people in June and the record for indefinite contracts was broken again with 783,595

Tiredness is beginning to show in the labor market. The economic pull is no longer so strong. The good news remains because unemployment fell by 42,409 people in June, but, except for 2020 due to the pandemic, in every year since 2011 unemployment had fallen more intensely. In the same month last year it did so in 166,911 people. The good news is that employment grew by 76,948 people last month, a new record for indefinite contracts was achieved, with 783,595, and registered unemployment stood at 2,880,582, which remains at the highest levels low since October 2008, with the start of the financial crisis. Compar...
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Gazprom says exports of gas to Europe via Ukraine at 42.1 mcm

Article content Russian gas producer Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 42.1 million cubic meters (mcm) on Monday, unchanged from Sunday. An application to supply gas via the Sokhranovka entry point had again been rejected by Ukraine, Gazprom said. (Reporting by Reuters, Editing by Louise Heavens) financialpost.com
📩 NEWSLETTER |  summer of tests
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📩 NEWSLETTER | summer of tests

We are getting into July, that month where the news seems to be lacking, we relax and then it always gets messy. Hello! where does the day go summer of tests ...
Metallica discharges all its power in a San Mamés surrendered to the band
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Metallica discharges all its power in a San Mamés surrendered to the band

Metallica has unloaded all its power tonight at the San Mamés stadium in Bilbao in a concert that has ignited the faithful followers of the 'trash metal' group, who have also contributed their energy to complete an unforgettable evening. Overcome COVID-19, a mishap that forced them to suspend the concert they had scheduled for June 29 in Switzerland, Lars Ulrich (drums), James Hetfield (voice and guitar), Kirk Hammett (guitar) and Robert Trujillo (bass) have come to Bilbao to celebrate this concert, part of their international tour. ...
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Shares wobble as Wall St futures slip, dollar stays firm

Breadcrumb Trail Links PMN Business Author of the article: Article content SYDNEY — Global share markets started in haphazard fashion on Monday as soft US data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds. The search for safety kept the US dollar near 20-year highs, though early action was light with US markets on holiday. Cash Treasuries were shut but futures extended their gains, implying 10-year yields were holding around 2.88% having fallen 61 basis points from their June peak. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content MSCI's broadest index of Asia-Pacific shares outsid...
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Australia’s commodity exports in sweet spot of Russia sanctions, China hopes: Russell

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Jul 04, 2022 • 11 minutes ago • 3 minutes read • Join the conversation Article content LAUNCESTON — Russia's invasion of Ukraine and hopes of significant economic stimulus in China are combining to boost Australia's commodity exports to record levels, at least for now. Australia's exports of natural resources are forecast at a record A$405 billion ($275.4 billion) in the 2021-22 financial year, which ended on June 30, and will likely rise to a new high of A$419 billion in 2022-23. However, the latest Resources and Energy Quarterly from the government forecaster also predicts a fairly steep drop in commodity earnings thereafter to A$338 billion in 2023-24, as...
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Stock Market Faces Earnings Shock as Economy Falters: MLIV Pulse

Breadcrumb Trail Links PMN Business Don't let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending. Author of the article: Bloomberg News Joe Easton and Michael Msika Publishing date: Jul 03, 2022 • 15 minutes ago • 3 minutes read • Join the conversation nfbhur83ef7z6gfgq94ob8i]_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Don't let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article cont...
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Japan’s KDDI shares slide nearly 4% after giant mobile network outage

Article content KDDI Corp shares fell as much as 3.9% on Monday after a weekend outage, the biggest system failure in the history of Japan's No.2 wireless carrier, which affected almost 40 million users nationwide. In a statement issued at 9:00 am local time (0000 GMT) on Monday KDDI said data transmission had been broadly restored, but users might still experience difficulty in making voice calls due to service restrictions. The disruption, which began in the early hours of Saturday morning, was caused by an equipment malfunction and affected services ranging from weather data to parcel delivery and banking. Article content The outage at a pillar of Japan's corporate establishment is the latest sign of strain on infrastructure in the world's third-biggest economy, after its power...
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Dollar holds firm as growth fears stalk markets

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Westbrook and Rae Wee Article content SINGAPORE — The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under pressure as investors sought safety due to worries about slowing global growth. Data on Friday showed euro zone inflation surging to another record, adding to the case for the European Central Bank to hike interest rates this month. While the common currency was steady at $1.0435 on Monday, it is barely above May's five-year trough of $1.0349 and highlights the market's preference for dollars as gloom clouds Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article cont...
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Argentina Taps Batakis As Economy Minister to Tackle Crisis

Breadcrumb Trail Links PMN Business Argentine President Alberto Fernandez tapped Silvina Batakis as the country's new economy minister Sunday after her predecessor resigned Saturday, deepening a political crisis boiling over into the economy and markets. Author of the article: Bloomberg News Patrick Gillespie Publishing date: Jul 03, 2022 • 16 minutes ago • 1 minute read • Join the conversation Alberto Fernandez Photographer: Sarah Pabst/Bloomberg Photo by Sarah Pabst /Bloomberg Article content (Bloomberg) — Argentine President Alberto Fernandez tapped Silvina Batakis as the country's new economy minister Sunday after her predecessor resigned Saturday, deepening a political crisis boiling over into the economy and markets. Articl...
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Supersized Outflows From Emerging Asian Markets Have Room to Run

Breadcrumb Trail Links PMN Business Some of Asia's biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Author of the article: Bloomberg News Ishika Mookerjee and Marcus Wong Publishing date: Jul 03, 2022 • 12 minutes ago • 3 minutes read • Join the conversation nxtz(54at99adath54edex(6_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Some of Asia's biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content Gl...
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Australia’s Link Rejects Revised Takeover Bid from Dye & Durham

Breadcrumb Trail Links PMN Business Australian data-services firm Link Administration Holdings Ltd. has rejected a reduced takeover offer from Canada's Dye & Durham Ltd. Author of the article: Bloomberg News Harry Brumpton Publishing date: Jul 03, 2022 • 15 minutes ago • 1 minute read • Join the conversation An elderly man fishes from the beach in Sydney. Australia's do-it-yourself pension plans are unique among developed nations. Bloomberg RSS Article content (Bloomberg) — Australian data-services firm Link Administration Holdings Ltd. has rejected a reduced takeover offer from Canada's Dye & Durham Ltd. Article content The company's board “does not believe it is able to recommend” the A$4.30 ($2.93) per share offer to its sha...
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Has Indonesia shaken its ‘fragile’ status among emerging markets?

Breadcrumb Trail Links PMN Business Author of the article: Reuters Gayatri Suroyo and Stefanno Sulaiman Publishing date: Jul 03, 2022 • 21 minutes ago • 4 minutes read • Join the conversation Article content JAKARTA — A decade ago Indonesia earned the unwelcome label of being among the so-called “Fragile Five” emerging markets, economies highly vulnerable to capital outflows and a currency slump whenever global interest rates rise. But fast forward to a new round of monetary tightening led by the US Federal Reserve, Southeast Asia's biggest economy and its capital markets have shown remarkable resilience, throwing a spotlight on whether the situation has fundamentally changed. Advertisement 2 This advertisement has not loaded yet, ...
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Traders Face Showdown With Kuroda as BOJ Policy Rips Every Asset

Breadcrumb Trail Links PMN Business The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank's target. Stocks on a rollercoaster ride and credit investors running for the sidelines. Author of the article: Bloomberg News Ruth Carson, Ayai Tomisawa and Hideyuki Sano Publishing date: Jul 03, 2022 • 37 minutes ago • 4 minutes read • Join the conversation t(q]y(k1j5edfc)d6l7jh764_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank's target. Stocks on a rollercoaster ride and credit investors running for the sidelines. Advertisement 2 This advertisement has not loade...
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Zelenskiy vows to regain Lysychansk after Ukrainian withdrawal

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder Article content KYIV — Ukraine's President Volodymyr Zelenskiy on Sunday acknowledged Kyiv's forces had withdrawn from Lysychansk in the eastern Donbas region after a grinding Russian assault, but vowed to regain control over the area with the help of long-range Western weapons. Russia said its capture of the city of Lysychansk less than a week after taking neighboring Sievierdonetsk gave it full control of the eastern Luhansk region – a political win that meets a key Kremlin war goal. The battlefield focus now shifts to the neighboring Donetsk region, where Kyiv still controls swathes of territory. Advertisement 2 This advertisement has not loaded yet, ...