Tennis player Rafael Nadal and businessman Abel Matutes Prats have come together to reveal their latest venture in the real estate industry, planning to develop upscale apartments on the Costa del Sol. The duo is set to invest over 200 million euros through their new company, Payla Invest, to construct a hundred luxurious villas and … Read more
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Electricity prices are undergoing a substantial shift, with a remarkable decrease of nearly 50% in the wholesale market this weekend. This sudden drop to 31.20 euros per megawatt-hour heralds a new era of affordability for consumers. This swift decline in electricity costs is unprecedented, signaling a positive change in the energy market dynamics. Notably, this … Read more
Pontegadea Inversiones, the investment arm of Amancio Ortega, achieved a remarkable feat in 2023 by recording a profit of 1.738 million euros, marking a significant 16% increase compared to the previous year. The company’s annual accounts, recently filed with the Commercial Registry of La Coruña, revealed this impressive growth trajectory. Exceeding the milestone of 100 … Read more
Stock Market Futures Show Modest Gains The Dow Jones and S&P 500 futures are signaling a slight uptick, highlighting early positive momentum. Meanwhile, the Nasdaq 100 futures are edging higher, suggesting a potential optimistic start to the trading day. Market Expectations Amidst Economic Uncertainty Following recent market movements, investors are eagerly awaiting key economic indicators … Read more
European Union Reduces Tesla Tariffs: EU has slashed import tariffs on Tesla vehicles manufactured in China, presenting a boon for the electric vehicle market. Changes in Dairy Sector: Meanwhile, the EU and China engage in a trade dispute over dairy subsidies, as China launches an investigation into EU dairy exports. New Tariff Agreements: The revised … Read more
Inditex, a global textile giant, continues to break records in the stock market. The company, founded by Amancio Ortega, has achieved a significant milestone by reaching over 48 euros per share, making it the first Spanish company to surpass a valuation of 150 billion euros. This accomplishment has positioned Inditex as the seventh most valuable … Read more
Fluidra, a leading manufacturer of pools and water treatment solutions, has recently made strategic acquisitions to enhance its presence in the global market. The company has announced the acquisition of a renowned Australian company specializing in filtration systems, opening up new opportunities in the Asia-Pacific region. The acquired company, Chadson Engineering, brings over fifty years … Read more
When is the best time to use electricity? The most economical time to use electricity is between 3:00 PM and 4:00 PM, with prices at 67.1 euros/MWh. Other cost-effective time slots include between 1:00 PM and 3:00 PM, priced at 69 euros/MWh. When should you avoid using electricity? The most expensive hours for electricity consumption … Read more
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