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Showing posts from March, 2019

Microsoft works on DNA storage

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Microsoft works on DNA storage Create a machine that takes almost a day to write a word   The business in the cloud has almost destroyed the world of hard drives, information in bits is stored on the network. The multinationals of the United States are looking for other means of income and have put their eyes on the DNA, why not store it? This question has been raised by researchers at the University of Washington and Microsoft engineers and has the solution. However, the idea is not new, since in 2012 a team from Harvard Medical School was able to codify a 53,000 word book and 11 images in DNA. To them, in 2017, a work was added by French researchers who managed to encode digital information in synthetic DNA.   The milestone of Microsoft and researchers in Washington is to create an automated system. "Our ultimate goal is to put into production a system that, for the end user, looks a lot like any other cloud storage service: the bits are sent to a data center a...

The ECB claims to have no "investigative capacity" on money laundering

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The ECB claims to have no "investigative capacity" on money laundering He is in charge of the supervision of the big banks since 2014   The banking supervisor in the euro zone, reporting to the European Central Bank (ECB), recalled on Thursday that "it has no investigative capacity" in the matter of money laundering, nine days after the US accusations against a Latvian bank, under surveillance. "Violations of money laundering can be symptomatic of deeper deficiencies in bank operations, but the ECB does not have the capacity to investigate these deficiencies," said Danièle Nouy, ​​president of the single supervisor (MUS), within of the European Central Bank, in a press release. "It is the work of the national authorities in the fight against money laundering," added the French leader. The MUS communiqué does not mention the recent accusations of money laundering against the third Latvian bank, the ABLV. Lately, the press has emphasi...

The creation of a temporary levy, a complex measure

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The creation of a temporary levy, a complex measure It could be included in the recommendations of the OECD, but the experts are committed to advancing the common tax base in Societies in the EU   Finding a global solution for technology multinationals to pay where they generate the benefits is taking the first steps at the level of the OECD or the G20. However, solving this problem involves coordinating a series of measures that are still far from occurring. For that reason, some countries, including Spain, want to act before. And it is in this framework that the possibility of establishing a temporary tax for the operations of these companies is framed. A measure that could be contemplated in the report that the OECD will advance in March to the G20, as explained last week by the president of the Global Transparency Forum of the OECD and deputy general director of International Taxation of the Tax Agency. María José Garde. A taxation that the Minister of Finance, Cri...

The confusions that make the income statement shake

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The confusions that make the income statement shake Although the mobile application, available since Thursday, streamlines the procedures, it is advisable to analyze all the data of the IRPF to avoid future problems   The Treasury has given a new twist in the processing of income tax to streamline the presentation of income tax. For the first time, the Tax Agency makes available to the taxpayer a mobile application from which you can find out about your fiscal data for 2017. The 'app' will be active from this Thursday, day 15, although it will not be until April 4 when Start the Rent Campaign, with the presentation of the settlements, until the end of June.   The technological initiative can be a double-edged sword for those who do not adequately review the income, deductions, withholdings and other circumstances included in its liquidation. The rush to present the IRPF and collect as soon as possible the return - if this is up to the citizen - or the difficulty w...

Courts again check the municipal value added tax

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Courts again check the municipal value added tax A judgment also annuls this tax for cases in which there were profits in the sale, while the Congress already processed the tax reform   The courts have once again put the municipal surplus tax in check. Last May the Constitutional Court considered that the tax should not be applied to cases in which there were losses in the sale of the property and annulled several articles. However, now a ruling of the Superior Court of Justice of Navarra has ruled that this tax should not be applied when there have been benefits in the transmission. Of course, qualifies that adheres to those cases settled after the annulment of the Constitutional or earlier in what taxpayers have open a claim. We must bear in mind that this new ruling affects Navarre's statutory regulations, which were also annulled by the Constitutional as the state. However, it opens a path that could be replicated in other cases affected by the general regulations....

Catalonia, the community with the highest IRPF for medium and low incomes

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Catalonia, the community with the highest IRPF for medium and low incomes It is also the one with the most taxes of its own, almost a fifth of the total, but only collects 3.2%, one point more than the national average   The fiscal whip of the Catalan Government has turned this territory into the worst in Spain, in terms of tax pressure, for the weakest strata of the population that, at the same time, are the majority. It has the highest rates in the country in the income tax (IRPF) for the average and low incomes, that is, below an annual income of 30,000 euros and up to 16,000 euros - who earns less than 12,000 is exempt throughout the country-.   This is reflected in the annual report on regional and regional taxation presented this Monday by the Register of Economists and Tax Advisors (REAF) which, in general, places Catalonia with a high personal income tax in virtually all of its income brackets. However, between 45,000 and 70,000 euros per year the one that ...

Miguel Blesa appears in an offshore company that appears in the papers of Panama

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Miguel Blesa appears in an offshore company that appears in the papers of Panama The company in which the former president of Caja Madrid appears as a proxy, Danforth Investment, was created in 1989 in the British Virgin Islands, considered a tax haven   The ex-president of Caja Madrid Miguel Blesa appears linked to the so-called Panama papers because of his relationship with an offshore company, as revealed on Saturday by La Sexta and El Confidencial.   Blesa, who chaired the Madrid box for a decade, "had a power in a company created with Mossack Fonseca that was used to set up a company and make significant investments in Spain," according to El Confidencial, which has participated together with the Sixth the research of the International Consortium of Investigative Journalists (ICIJ) and the German newspaper Süddeustche Zeitung. The company in which Blesa appears as an attorney, Danforth Investment, was created in 1989 in the British Virgin Islands, conside...

Uber will pay 148 million for hiding a massive theft of data in 2016

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Uber will pay 148 million for hiding a massive theft of data in 2016 The company paid the hackers $ 100,000 to destroy the information but did not alert users or drivers to what happened. The Uber shared vehicle platform will pay $ 148 million as part of an out-of-court settlement, released on Thursday, for not disclosing to those affected a massive theft of data in the US and other countries in 2016. Two years ago, a A group of hackers illegally obtained the driver's license numbers of 607,000 Uber drivers, as well as tens of millions of emails and user phone numbers. Upon learning of the theft, the Californian company paid the hackers $ 100,000 to destroy the information, but did not warn users or drivers for one year. It was not until last November when the new CEO of the company, Dara Khosrowshahi, made public what happened, and acknowledged that Uber should have notified the authorities immediately. Although most of the stolen data corresponded to US drivers and...

BBVA opens its application to the products of its clients in other entities

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BBVA opens its application to the products of its clients in other entities The entity hopes that from its platform it can also be operated in 2019 with other banks   BBVA has taken the first step in Spanish banking so that its customers can add the products they have contracted with other financial entities by integrating all the information in their application through Bconomy. This is the tool that currently analyzes the income and expenses of the bank's users, who may also authorize the entity to transfer their data to other firms to achieve an integral management of their assets.            Through its mobile application, the BBVA customer will be able to transfer all the data related to the accounts and cards that it has in other banks, as well as investment funds, pension plans, deposits, securities, mortgages or personal loans. For now, insurance will not be available. This tool will be able to contact 74 entities, including thos...

CaixaBank discovers its 9% stake in Repsol after two decades of relationship

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CaixaBank discovers its 9% stake in Repsol after two decades of relationship The entity, whose executives will leave the board of the oil company, will obtain 2.500 million for the sale of that shareholding package   CaixaBank has broken with Repsol the historical link that the two 1996 corporations maintained, after the financial entity announced the sale of the 9.36% that it still controlled in the oil company. This is the bank's last share package, whose relationship with Repsol has made it one of the reference owners.    The operation is part of a completely different stage for the entity, whose objective is to "reduce the weight" of its investees by the consumption of capital that it supposes for the bank, within the lines set out in the Strategic Plan 2015-2018. In 2016, this peso in the form of capital represented 16% and in the second quarter of this year it had already fallen to 5% as a result of the different sales of shares carried out in other busin...

Brussels investigates whether Amazon uses its customers' data commercially

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Brussels investigates whether Amazon uses its customers' data commercially The European Commissariat of Competition has sent questionnaires to several companies, but says that they are still in the «very preliminary» phase   As before Google or Apple, another technological giant is also in the crosshairs of Brussels. The European Commissioner for Competition, Margrethe Vestager, announced on Wednesday that her department is gathering information on the use that Amazon is making of the commercial data of its clients, facilitated in turn by the retailers that operate on the platform, and to whom is already directing   It is not yet a "formal" investigation, but rather a "very preliminary" phase to ensure that they have all the information to "understand the case". "If you, like Amazon, receive data from the vendors, which can be completely legitimate," Vestager asked, "do you use them then to figure out what the next fad is goi...

Brussels rules out that McDonald's received a tax favor favor from Luxembourg

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Brussels rules out that McDonald's received a tax favor favor from Luxembourg The European Commission accepts that the agreements signed between the US and the Grand Duchy respected the treaties against double taxation    The European Commission (EC) acknowledged on Wednesday that the fast food giant McDonald's did not receive selective tax treatment from Luxembourg that would involve illegal state aid, according to the results of an in-depth investigation opened in 2015. "The Commission has found that the non-imposition of certain McDonald's profits in Luxembourg did not lead to illegal state aid, as it is in line with national tax laws and the double taxation treaty between Luxembourg and the United States," the EC said. it's a statement. Brussels investigated whether under the EU rules on State aid the double non-imposition of certain McDonald's benefits was due to the fact that Luxembourg was not adequately applying its national legislat...

Apple returns to Ireland 14,300 million illicit tax aids

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Apple returns to Ireland 14,300 million illicit tax aids The money will remain in an account pending the outcome of the appeals filed by the Irish government and the US group against the European decision to impose the sanction on Apple   The Irish government announced on Tuesday to have collected from the technological giant Apple the sum of 14,300 million euros that correspond to tax advantages that the European Union considers illegal, money that was entered in a blocked account. Irish Finance Minister Paschal Donohoe said in a statement that in the second and third quarters of this year Apple entered into this account an amount corresponding to 13,100 million euros in alleged aid from the State and 1,200 million euros of interest.   Ireland signed with Apple in April an agreement on the establishment of this account under embargo to receive the capital corresponding to the fiscal delays. The money must remain there pending the outcome of the resources presen...

Brussels sees signs that BMW, Daimler and Volkswagen agreed not to reduce polluting emissions

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Brussels sees signs that BMW, Daimler and Volkswagen agreed not to reduce polluting emissions The European Commission investigates whether the three companies reached agreements to prevent the development of less aggressive technologies with the Environment    Three automotive companies would have reached private agreements to curb the development of technologies aimed at reducing the polluting emissions of diesel and gasoline vehicles. That is the object of the "in-depth" investigation opened by the European Commission with the focus on BMW, Daimler (of which the Mercedes-Benz brand is a part) and Volkswagen. Brussels believes that the three German manufacturers have maintained a series of contacts and meetings with the aim of not moving towards the deployment of new systems less harmful to the environment. If it is proven that this pact of illicit nature or collusion existed, "consumers would have been denied the opportunity to buy less polluting cars, eve...

Coca-Cola studies developing infusions with a cannabis compound

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Coca-Cola studies developing infusions with a cannabis compound Some of the brand's cola products have struggled to increase sales in recent years due to the growing trend of healthy consumption Coca-Cola reported Monday that it is studying the use of a key compound in marijuana to make "healthy drinks" at a time when a large number of companies are developing cannabis infusions. "We have no interest in marijuana or cannabis," Coca-Cola said in a statement. But the company is "closely monitoring the worldwide growth of the non-psychoactive CBD component (cannabidiol) as an ingredient in healthy drinks." Cannabidiol is a chemical that contains marijuana that does not have the toxic effects of THC, the active compound that causes "euphoria," and is used to treat epilepsy and other diseases. "The environment is evolving rapidly," explains Coca-Cola. «We have not made decisions until now». The Coca-Cola statement comes ...

Competition gives green light to a competitor in the AVE to Barcelona

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Competition gives green light to a competitor in the AVE to Barcelona Renfe alleges that this is the objective of Air Nostrum, but the CNMC authorizes it to understand that its "vocation" is the international connection with France    The National Commission of Markets and Competition (CNMC) seems to have found the way to open high-speed rail services to the free market by December 2020, when the EU deadline for all its states ends. This Monday gave the green light to a project led by the regional airline Air Nostrum, which aims to cover the route Madrid-Montpellier (France).   Its main reasoning is that the new service "meets the mobility needs of users", while it is "positive" for "current and potential" travelers on that route. But what does the Intermodality of the Levante (ILSA) society really pursue, where the airline is open to have more partners? For, as all the actors, including the CNMC, ultimately recognize, it is to compet...

Amazon investigates the sale of confidential data

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Amazon investigates the sale of confidential data "We have zero tolerance for the misuse of our systems," explains the company to this newspaper, in relation to the alleged sale of internal data carried out by some employees Amazon investigates several allegations that some of its employees sold confidential customer data to third-party companies, particularly in China, according to the company's acknowledgment on Monday. According to the Wall Street Journal, which does not give figures, the employees of the internet trading giant sell internal data and other confidential information, usually through intermediaries, to merchants who sell their products on the US giant's website. At Amazon customers can buy products sold directly by the company along with products from many other merchants. The practice under investigation is a violation of company policy. It occurs particularly in China, the paper said, citing the example of Shenzhen intermediar...

Vocento reinforces its diversification strategy with the purchase of GSR-Produccions de Gastronomia

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Vocento reinforces its diversification strategy with the purchase of GSR-Produccions de Gastronomia Acquires 100% of this company dedicated to the organization of events, promotion and communication within the sector of gastronomy, enology, hospitality and catering  Vocento has acquired 100% of the Grup GSR-Produccions de Gastronomia , SL, a company dedicated to the organization of events, promotion and communication within the gastronomy, enology, hospitality and catering sector.   With this operation, which is part of the group's diversification strategy, Vocento further strengthens its presence in the gastronomy sector, where last year it acquired the organizing company of Madrid Fusión . In addition, the involvement of the company in this area has always been present through the publication of specialized editorial content and about thirty events organized by the group's heads, among which is the International San Sebastian Gastronomika Congress - Euskadi Basque...

Ryanair cuts its growth plan by 12% due to strikes and falls on the stock market

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Ryanair cuts its growth plan by 12% due to strikes and falls on the stock market The airline's stock plummets 27% since the first wave of stoppages organized by its workers in Europe in mid-July   Ryanair has not had a good summer. The strikes of its employees across Europe since mid-July have caused both its reputation and its benefits to fall. The Irish airline has lowered its profit forecast for this fiscal year by 12% and blamed it precisely for the stoppages. The announcement caused the shares of the company to fall almost 13% at the close of the session of the London Stock Exchange and quote 12.8% less compared to last Friday.   At the close of the session the value of each title is at 11.43 euros, when Friday was at 13.12 euros. "The revision of our growth forecasts has taken into account the impact of the strikes called this summer, the increase in costs for compensation to customers and the rise in oil prices," the company said in a statement. In add...

Elon Musk resigns from Tesla presidency to avoid a fraud case

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Elon Musk resigns from Tesla presidency to avoid a fraud case He will remain, however, as CEO of the company and will pay a fine of 20 million dollars for his announcement to remove the company from the stock market.   The Securities and Exchange Commission of the United States (SEC) announced today that it has reached an agreement with Elon Musk whereby the businessman leaves the Presidency of Tesla to resolve the fraud lawsuit he was facing. SEC also said in a statement that Musk and Tesla agree to pay a fine of 20 million dollars each to reach an agreement with the US regulator of the stock exchange.   Musk accepts that he will not be able to serve as chairman of the Tesla board of directors for three years, a term in which he will be replaced by an "independent" person. In addition, Tesla will appoint two independent directors for its board of directors and will establish a "new committee of independent directors and will place more controls and proc...

Three Ibex companies do not have any women in their senior management positions

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Three Ibex companies do not have any women in their senior management positions Just one in four large quoted complies with the 30% of female advisors recommended   Only one in four Ibex 35 companies complies with the Good Governance Code, which - effective since 2015 - recommends that in 2020 the boards of directors of large companies have at least 30% of women , as is clear from the report published this Thursday by the National Securities Market Commission (CNMV) with data from 2017. Thus, despite the fact that there is barely a year to expire the deadline to advance in the consolidation of women in the labor market, only nine companies exceed this percentage: Siemens Gamesa (50%), Abertis (40%), Santander (35.71%), Iberdrola (35.71%), Merlin (33.33%), Red Eléctrica Corporación (33.33) %), Grifols (30.77%), Bankinter (30%) and Day (30%).   But it is even more worrisome that three of the 35 listed companies do not have any women in senior management (this being u...

Alcoa will close at least two factories in Spain and leave 700 jobs in the air

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Alcoa will close at least two factories in Spain and leave 700 jobs in the air The Government says it had no news and asks for more information from the company, while the Galician and Asturian Executives - where the plants are - will coordinate their response   Up to 700 jobs are on the air due to the closure of two of the three factories that the US aluminum multinational Alcoa has in Spain - after 1989, with the nine that the former National Aluminum Company had (Endasa) -, advanced on Tuesday to the representatives of the works council at European level. These are the plants located in Áviles (Asturias) and A Coruña (Galicia), with 317 and 369 employees, respectively, almost one third of the workforce of nearly 2,000 people the group has in Spain, where the year past invoiced 3,303 million dollars (2,861 million euros), more than a quarter (28%) of its business around the world.   The argument given by the company to justify such a drastic measure is that both f...

Companies that prevent conciliation will be fined up to 50,000 euros

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Companies that prevent conciliation will be fined up to 50,000 euros The Congress gives the green light to process a law of labor equality between men and women, with fees and penalties for non-compliance   The plenary session of the Congress gave green light Tuesday, practically unanimously, to the processing a proposal of law of the PSOE to guarantee the effective equality between men and women in the work. One of the major novelties that it includes is a regime of infractions and sanctions of up to 50,000 euros for companies that prevent conciliation.   Thus, employees will have the right to leave for the care of their children and to reconcile their work and family life , in addition to ensuring that women can promote properly. These issues relating to the care of children or the suspension of indefinite contracts for maternity will refer to work both public and private and autonomous. Establish economic sanctions if these measures are not carried out is th...

Break with sexist stereotypes in the business world

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Break with sexist stereotypes in the business world Caixabank launches a guide to promote non-sexist inclusive behavior in the world of work   The phenomenon 'Me too', the sentence of the case of La Manada or the mobilizations of 8-M in Spain have placed the role of women at the center of the debate in Spanish society. Also in the business world, where clichés, cliches and stereotypes are still crawling. An example. A professional knocks at her boss's door. «Sorry, when it suits you I would like to talk to you about a professional issue that will affect my schedules for the next few months ...».   «You're expecting a child!» Replies the boss. "No, I would like to study a master's degree," she corrects. The example is part of the guide of equal communication, published by the CaixaBank group internally among its staff to break stereotypes and promote equal and non-discriminatory behavior in the professional field. The CEO of CaixaBank, Gonzalo ...

Three out of four family businesses increased their turnover in 2018

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Three out of four family businesses increased their turnover in 2018 64% of this type of companies also increased their staff last year, eleven points above the European average   Family businesses begin to feel the end of the crisis and to live the first years of the good progress of the economy after difficult times. This is revealed on Monday by the European Barometer of Family Business developed by KPMG, which reveals that three of every four family businesses has increased its turnover in the last twelve months. In addition, in terms of employment, 64% of these entrepreneurs claim to have expanded their workforce in 2018 . These figures are very positive, as it increases by 5% last year and comfortably exceeds the European average, which only reach 53%.   Returning to turnover, the number of companies (74%) that have increased this year is four points higher than in 2017 and "significantly" higher than 64% of the European average . At this point the report hi...

Ikea raises its sales in Spain by 2%, to reach the 1.5 billion

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Ikea raises its sales in Spain by 2%, to reach the 1.5 billion 8% of purchases are already made online and the online channel accounts for 5% of its global turnover, which means an increase of 50% over last year   The direct competition of Ikea has gone from being furniture stores -which also- to platforms like Amazon. Its online sales are spiking all over the world, amounting to 5.2% of its turnover . Although it is still a small number, it represents a growth of 50% compared to last year. In Spain, the percentage of Internet sales is higher than the global average: 8% of the total, despite the fact that its online store has been launched this year.   The CEO of Ikea Spain, Petra Axdorff, has indicated during the presentation of the results that they "study" to open a store in the center of Barcelona , similar to the two that already exist in Madrid -one dedicated to living rooms and the other to bedrooms- , although he did not specify where or when. In our count...

InfinitC announces the 15th Anniversary Sponsorship Awards

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InfinitC announces the 15th Anniversary Sponsorship Awards The sponsorship consultant will celebrate its three lustrums as reference of the sector recognizing the best practices and the most outstanding professionals   InfinitC has announced the call for the 15th Anniversary Sponsorship Awards, some awards framed in the celebration of the fifteen years of life of this independent consultancy that are born with the aim of giving sponsorship the recognition it deserves within the advertising sector. The awards, which will reward in eleven categories the best practices and the best professionals of the last fifteen years, will be delivered at the first day of InfinitC Sponsorship Conferences of 2019, annual reference forum of the sector that will take place in the first quarter of next year in a site to be confirmed.   InfinitC, a leading consultancy that works with several of the main companies in the country, wants to give these awards as much objectivity as possi...