Investments and Business

United Nations submarine of a company that charges US$250,000 by tours of the titanic shipwreck disappeared in the north atlantic with five people on board. “Our full attention is on the submersible crew members and their families,” he said in a statement Monday. OceanGate Expeditions, which manages underwater vessels for charter and scientific exploration. "We are working so that the crew members return safely." Among the missing is Hamish Harding, chairman of Action Aviation, according to Mark Butler, managing director of the Dubai-based aircraft brokerage. In a post on Twitter on Sunday, the company said the "sub had a successful…

Kamil Kowalcze, Michael Nienaber, and Jillian Deutsch Today 15:18 Germany and Intel Corp. closed an agreement for the US company to receive an expanded subsidy package worth about €10 billion ($10.9 billion) for a semiconductor plant in the former communist east, according to people familiar with the deal. Intel awarded the agreement Monday without providing a specific amount for financial assistance. He said he plans to invest around €30 billion in the “state of the art wafer manufacturing center” in Magdeburg, which according to Chancellor Olaf Scholz represents “the largest foreign direct investment in the history of Germany”. Together with…

In the last official measurement of INDEC, with a May of 7.8%, there was an item that passed the double-digit barrier. Housing marked 11.9% last month. In this combo, there are rental expenses, rates and there are also fuels, whose prices are sensitive to variations in the CPI due to the price agreement that the oil companies signed with the Government. The possibility that these double digits will be repeated this month due to the impact and spillage that any rise in gasoline has throughout the economy ignited the orange alert in the economic team. Both tariffs and fuels will…

Tomorrow part of the economic team will travel to Washington to underpin the renegotiation with the IMF. The deputy minister Gabriel Rubinstein, the deputy minister of the BCRA, Lisandro Cleri and the head of INDEC, Marco Lavagna, will get on the plane. The objective of the technical delegation will be for the Fund not only to advance some US$ 10,788 million of the remaining disbursements for 2023, but also an extra advance of US$ 1,800 corresponding to 2024, in order to swell the meager reserves of the Central Bank for the remainder of the of the year, and especially with…

The Secretary of Agriculture, Livestock and Fisheries of the Nation, Juan Jose Bahilloruled out the possibility of promoting a program of dollar corn and he hopes that 7 million hectares of wheat and 1.8 million of barley will be planted, to recompose the financing scheme that the Argentine farmer requires after the problems that the last dry season had; Make sure that the official strategy pointed to "no producers left on the road or unemployed" as a result of the "worst drought in 70 years." In an extensive report granted to the program Field Air, in Radio ProfileThe head of…

The tax burden represents up to 25% of the value of food paid by consumers. Inflation in this area, which was an average of 5.8% in May according to INDEC, behaved unevenly: at least five basic necessities rose well above this percentage. The round tomato, for example, grew in price by 38.4% compared to April. However, according to the latest study by the Argentine Confederation of Medium Enterprises (CAME), producers are left with just 19.7%. The rest of the value is explained by components such as seasonality, distribution expenses and direct and indirect taxes, which are paid for producing and…

Brazil's stock market will outshine its Latin American peers in the second half of the year due to still weak valuations and prospects for lower rates, according to JPMorgan Chase & Co. The actions of the country are “the simplest bet there is due to low ratings combined with lower rates”said Emy Shayo, head of equity strategy for Latin America at the bank. "The story is becoming even more interesting amid a larger-than-expected decline in inflation as inflation expectations begin to ease and expectations rise," he wrote in a report released Friday. Shayo maintained his overweight rating on Brazilian stocks…

The Buenos Aires ruling party formalized this Thursday in the Legislature the announcement made by the head of Government, Horacio Rodríguez Larreta, about the reduction of the rates of the Gross Income Tax in the City of Buenos Aires in sectors considered “key” for the generation of work. The measure, which It will come into effect from July 1. it added 36 positive votes from the legislators of Vamos Juntos, UCR-Evolución, Republicanos Unidos and La Libertad Avanza; and 21 against the Frente de Todos (FDT) and the Frente de Izquierda. At the end of May, when announcing the initiative, the…

Imagine that you need to teach a kindergarten class to read. You divided the class into two groups and used a different strategy for each one. A group of children had hands-on time with a teaching assistant several times a week. They discussed all the learning materials in depth, exploring what they enjoyed, what they were struggling with, and what additional support they needed to develop a love of reading. The other group just got their workbooks and watched some lessons. They had a big exam at the end of the year, and that was the first time they ever…