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Uses of Lithium: Lithium, also known as “white gold,” is a special mineral that has become increasingly valuable due to its use in the manufacturing of electronic devices and means of transport. While Latin America is a leading mining region for lithium, none of the three largest lithium mines in the world are located there. … Read more
Eroski, one of the largest supermarket chains in Spain, has announced that it will invest 100 million euros in 2022 and 2023 in its commercial margin to absorb the increase in costs and inflation without passing the burden onto the consumers. To further show its commitment to the customers, Eroski is launching a price war … Read more
Teresa Ribera, the Minister for the Ecological Transition and the Demographic Challenge, has revealed further details about the upcoming modification of the criteria for access to the electric social bonus. The aim of the modification is to prevent large families with high incomes from obtaining public aid. During an interview with Cadena Ser, Ribera explained … Read more
Financial Crisis: The global economy is once again facing uncertainty as the latest financial movements in the United States and Europe are being closely watched by financial markets. The fears of the 2008 financial crisis are resurfacing, causing concerns among investors and everyday citizens who have their savings in the bank. What’s Happening in the … Read more
Credit Suisse Shares Plummet, European Banking Sector Experiences Black Day on Stock Market Credit Suisse, Switzerland’s second-largest bank, has experienced a significant fall in its shares, with the price plummeting more than 20% on the Zurich Stock Exchange. The banking sector in Europe has also been affected, registering significant losses. This follows the collapse of … Read more
How to Buy Treasury Bills: A Step-by-Step Guide Treasury Bills, also known as T-bills, have become a popular investment choice among private investors due to their profitability and low risk. If you’re interested in buying Treasury Bills, here’s what you need to know. What are Treasury Bills? Treasury Bills are short-term public debt securities issued … Read more
The world of social media is evolving fast, and the newest addition to the landscape is the Clubhouse app. Launched in 2020, it has quickly become one of the most popular platforms in the world, with over 10 million users as of early 2022. But what makes it so different from the other social media … Read more
Savers in Spain are eagerly waiting for banks to improve the remuneration of their deposits. Despite the European Central Bank (ECB) raising interest rates four times in a year to reach 3%, Spanish banks have not shown any interest in capturing the savings accumulated by families during the pandemic. This article aims to explain why … Read more
Private Sector Establishes Independent Spending Committee to Participate in Puerto Rico’s Democratic Process A coalition of private sector associations and leaders have announced the registration of an independent spending committee (CGI) to participate in Puerto Rico’s democratic process. The group, named Democracy is Prosperity, aims to support candidates from any party who align with the … Read more
Analyzing the Factors Behind the Record Earnings of Puerto Rico’s Big Three Banks in 2022 The big three commercial banks in Puerto Rico, Banco Popular, FirstBank, and Oriental, earned an unprecedented $1.24 billion in 2022, surpassing the previous record set in 2021 by $30.6 million (2.5%). The earnings were the result of a 10.2% increase … Read more