usatoday24

Madrid has the radar that most fine in Spain. We already know its location and where we have to be more careful this summer

July 17, 2025 by usatoday24

3,440,655 speeding fines. Spain closed 2024 with a 4% increase in the number of sanctions for this reason. Associated European motorists (AEA) has carried out its annual report with DGT data to point to us which are the 50 radars that most fine in our country. This increase in the number of fines cannot be understood without the fact that there are more radars that fine in our country. Specifically, in Spain there are almost 3,400 controllers of speed that monitor that we do not exceed the maximum limits allowed. And those must add mobile radars and famous pegasus that watch from the air. In addition, we remember that in the AEA numbers of this report the fines imposed in the Basque Country or Catalonia are not collected, where traffic skills are transferred. The radar that is most fine in Madrid Given all this, AEA points out that the radar that most fine in Spain is at kilometer 20 of the M-40, the famous Circunvalación de Madrid. The cinemometer repeats in the first place but, perhaps because it is an old acquaintance, it has reduced its volume of complaints by 36%. In total, this controller has issued 74,873 sanctions for speeding, far from the 118,392 fines that it registered in 2023. The radar is not only in the Community of Madrid, since six others are part of the 50 most “multones” radars in Spain, being the province where the most controllers add up in this list. These are located in the following locations: Road M-40 PK 52: 33,057 sanctions. Road A-4 PK 13: 18,263 sanctions. Road A-2 PK 15: 15,713 sanctions. Road A-5 PK 12: 14,147 sanctions. Road A-4 PK 12: 13,722 sanctions. Road A-3 PK 48: 11,568 sanctions. What are the most fine radars? Although Madrid has the most fine of Spain and another six more radars appear in the list, Andalusia is the autonomous community that adds the most speed controllers to the list. In fact, according to AEA data, almost one in three fines processed in Spain have an Andalusian radar origin. In total, in 2024 they added 959,592 complaints, which represents 27.8% of the activity in the country, accumulating up to 14 cinemometers among those who most fine in our country. If we analyze by provinces, Malaga and Seville, with five and four radars among the 50 that most sanction in Spain are the two provinces (after Madrid) in which the most radars are located. As to Volume of complaints And despite the fact that Madrid has the radar that most sanctions, Castilla y León with 413,343 sanctions is the second autonomous community in which it is most sanctioned. And it is followed by the Valencian Community, with 366,360 complaints. As for the radars that most fine in Spain, these are the 10 that sanction: Autonomous Community Province Via PK Number of fines Community of Madrid Madrid M-40 20 74873 Andalusia Malaga A-7 968 67502 Navarre Navarre A-15 127 60878 Andalusia Seville A-381 74 54835 Andalusia Malaga A-45 128 49378 Balears (Illes) Balears (Illes) EI-600 9 39202 Andalusia Seville A-92 83 37616 Andalusia Malaga A-7 978 33358 Andalusia Malaga MA-20 10 33061 Community of Madrid Madrid M-40 52 33057 Photo | DGT In Xataka | How to know all the official locations of the DGT radars

Spain produces more solar energy than ever, but it only gets a cheap time of electricity a day

July 17, 2025 by usatoday24

In full July, with the air conditioning Working tirelessly and The tuned light billin Spain there is a single moment of the day when electricity consumption does not hurt so much in the pocket. That little energy respite is concentrated at noon, a time strip in which electricity costs half or even less than in the rest of the day, but why is it just time? The fire triggered. On Wednesday, July 16, the average price of electricity had been in the € 164.06/MWh at the regulated rate (PVPC), According to data from Electrica de España. For this Thursday 17, a slight drop is expected to € 102.85/MWh, but that half hides an unequal reality: for much of the day, the cost exceeds 120 euros per megavatio hour, As the Iberian energy market operator has collected (OMIE). Only for a single hour there is a “affordable” price. In just seven hours, electricity will go from relatively affordable to almost double its price. At 15:00, it will cost € 73.00/MWh. At 22:00, it will reach € 129.85/MWh. The explanation is not in a peak of consumption, but in a change of source: the sun is exhausted, the gas enters and the market reacts. Why only in that time strip? The reason is in the sun. From three in the afternoon, the solar production curve increases considerably. The electrical system then enters an overoferta phase: there is more renewable generation than real demand. This surplus translates into an abrupt fall in the price in the wholesale market (‘pool’), which reflects in real time the imbalance between what is produced and what is consumed. The problem is that this surplus cannot be stored properly. Spain still does not have batteries No infrastructure sufficient pumping to save That cheap energy and release it when it is most needed. Thus, the system is forced to sell cheap at noon and buy expensive at dusk. To this lack of storage is added a less visible problem: he Curtailment. Although more renewable than ever, part of that energy is lost due to saturation of the network. According to Red Eléctrica, in some knots of the central-south peninsular-such as Arenas de San Juan or Caroyuelas— It has wasted up to 30 % of the electricity generated due to lack of capacity to evacuate it. Meanwhile, the price of light continues to rise. This schedule imbalance generates what experts call a daily “spread”: a price difference that can exceed € 200/MWh between the cheapest time and the most expensive of the day. It is what makes an invoice shoot although part of electricity is generated almost free. It is not just guilt of the sun. The price of light not only depends solely on solar radiation. From the blackout of April 28, Red Electrica has activated A reinforced operational modewith more weight of the combined gas cycles to stabilize the network. This emergency measure It has become the new normality While structural reforms are implemented that will not be ready until next year. The direct impact on the invoice. Consumers with regulated rate (PVPC) are the most exposed to this volatility. Every day, your bill depends on the price hour by time. But even free market customers are noticing uploads: some electrical companies are transferring the contracts to the contracts, As Facua has warnedwhat could be illegal if it is not foreseen contractually. With this panorama, many consumers try to concentrate the use of appliances such as washing machines, ovens or air conditioners during that cheap time of the day. However, not everyone has room to reorganize their life around a single low cost strip. The solution is more than clear. In this environment we have spoken many times: it goes through More energy storage, greater demand management, More local micro -redes and best interconnections with Europe. The government already has launched Royal Decree-Law 7/2025 To accelerate these changes, and has initiated the creation of a capacity market to guarantee the supply. But none of these measures is immediate. Some have deadlines until September, but others will lengthen until mid -2026. Meanwhile, the gas dependence will continue to mark night prices. A race against clock. Every day, the Spanish electrical system offers a single cheap electricity window. It is the reflection of an energy paradox: there has never been so much renewable energy, and it has never been so difficult to take advantage of it efficiently. As long as storage and flexibility deficiencies are not resolved, the cheap time will be a timely privilege and not a guarantee. In a summer marked by heat waves, the cost of not acting on time will be measured not only in euros, but also in emissions, social vulnerability and energy dependence. Image | Unspash Xataka | Broady in April, more expensive invoice in May: thus has affected the system reinforcement

This marriage traveled four hours to an idyllic destination they had seen on Facebook. Upon arrival they discovered that it did not exist: it was ia

July 17, 2025 by usatoday24

It has happened to us to be sailing on Instagram or Tiktok and that a video of a tourist destination that leaves us with an open mouth comes out. Tale landscapes, dream cities and incredible attractions. Is what happened to him To this marriage of Malaysia. They saw a video on Facebook where an impressive cable car in Perak came out, just four hours where they lived. Without thinking, they took the car and traveled more than 300 kilometers to destination only to discover that they had just fallen into a hoax. The video. It appeared in networks at the end of June this year and, although it has already been erased, it can continue to be seen in This link. In it, you can see a reporter interviewing tourists who are visiting the place. It is an impressive cable car that makes a tour of forests, rivers and has all kinds of attractions around it. In the video the location of the place is detailed: Kuak Hulu, in Perak, Malasia. The visit. Although the resolution is not very good, the video is quite realistic, but we already know that nothing that appears in it exists. We also know that at least two people believed it was real and traveled for four hours by car to go to know the place. The story became public when an employee of a nearby hotel told In your Threads profile that he had just hallucinated: a couple asked him about a cable car he had ever heard. “There is not much to do here, it’s very quiet,” he said. A hoax. The couple’s reaction was to insist on seeing the place, thinking that he was spending some joke. Then they went on to confusion. Upon realizing that the site did not exist, the woman wanted to “denounce the journalist who comes out in the video.” Finally they understood that nothing they had seen was real, nor the journalist, and left the place ashamed. The generational gap. We do not know the exact age of this couple, but according to the hotel employee, they were older. The lack of digital knowledge by many older people is a problem, from something as everyday as make efforts with the bank until Recognize what is AI and what is not. Some platforms like Instagram tag Made with AI, but is a small “created with AI” enough for people with less digital experience to detect it? With cases like this it seems quite clear that it is not enough. The garbage. We have spoken on several occasions about the ‘ai slop’ or the garbage that has flooded the networks; from Very unpleasant videos that want to break the algorithmsuntil fake crochet patterns that are sold as real. The garbage is flooding everything, Even ASMR videos What did you see before going to sleep are. Much of this content is clearly AI, but with the arrival of tools as I see 3 It becomes very difficult to distinguish the reality of AI. And this has done nothing but start. Image | Tiktok In Xataka | Millions of people are hooked right now to an Olympic Games where cats compete. Cats made with ia

The answer was on the other side of the Pacific, in Japan

July 17, 2025 by usatoday24

It is not enough to promise that a plane is less noisy. You have to prove it. That is what NASA proposed with its X-59an experimental plane that wants to change The future of supersonic flight. To achieve this, I needed data. Very precise data. And therefore, although the project is American, a key part of validation was carried out in Japan, in one of the supersonic reference facilities in Asia. The X-59 Quesst is an experimental plane created with a very specific mission: demonstrate that it can be flown at supersonic speed without that meaning a rumble on land. What NASA wants to eliminate is not speed, but noise. The classic boom Sonic, that dry burst that rumbles when an plane overcomes the sound barrier, remains one of the great obstacles for supersonic flight Return to commercial aviation. The X-59, on the other hand, promises something different: A slight THUMPbarely noticeable from the ground, thanks to a design that controls – and disintegrates – the shock waves before they are based on an acoustic explosion. But it is not enough to design a stylized and elongated form. It is not enough to simulate it on a computer or anticipate its behavior with computational models. What defines X-59 is not only its silhouette, but the sonic firm that projects When flies to Mach 1.4. That firm, that acoustic footprint should be measured with surgical precision. And that’s where Japan enters the scene. NASA did not do everything at home: key part of the validation was done in Japan Although the epicenter of the project is located in Palmdale, California, under the direction of Lockheed Martin Skunk Works, part of its most delicate validation was carried out on the other side of the planet. Instead of limiting yourself to try your model in your own facilities, NASA decided to repeat the trials In a supersonic wind tunnel of the Japanese space agency (Jaxa), located in Chofu, Tokyo. There, researchers from both agencies They exposed a plane modelreduced to 1.62 % of its actual size – 50 centimeters from tip to tail – to conditions that simulated its cruise speed. The objective was clear: to verify how the air flowed around the aircraft and, above all, register with the highest possible precision level its sonic signature. Japan’s choice was not symbolic. As NASA itself detailsthis was the third round of wind tunnel tests carried out with that same model: one was made in Ohio, at the Glenn Research Center; another, in the same Jaxa tunnel years before; And the latter, also in Chofu, was raised as part of a cross validation strategy. Even if you put the model in another wind tunnel, a slightly different version of the data is obtained, that is something good, Melissa Carter explainedresponsible for the NASA Supersonic project. “By using the same model in both tunnels, we can increase the certainty of the data and our understanding of the X-59 design.” The measurement of the pressure profile – the acoustic footprint that leaves the plane when it breaks the sound barrier – does not admit errors. And the best way to reduce any margin of uncertainty is to verify that, under different conditions And with independent instrumentation, the results remain consistent. That is what allows collaboration with Jaxa. As part of an agreement signed in 2020both agencies pledged to share data, compare methodologies and repeat essays in both countries, thus reinforcing the solidity of the entire experiment. The wind tunnel where the tests were performed is not any. It is a supersonic installation operated by Jaxa, with a section of just over a meter by one meter. Although their dimensions may seem modest, they are ideal for working with very small models such as X-59. In it, the air flow can reach sufficient speeds to simulate real flight conditions, which is just what NASA engineers were looking for. For Jaxa, the opportunity was also key. The Japanese agency has been developing its own “silent” supersonic flight program for years, With projects like Sky Frontier. Sharing information with NASA allows you refine your own designs, Learn from different approaches and validate your simulation tools with real data. In return, it offers experience, equipment and infrastructure that complement those of the United States. Images | NASA (1, 2, 3) | Roméo A. In Xataka | Ryanair’s new competition does not come from any European airline: it comes from India and has an ambitious plan

They show how the magnetic field is invested

July 17, 2025 by usatoday24

NASA has gotten into the wolf’s mouth, the place where solar storms originate. The solar probe team Parker has just published The images closest to the sun They have ever taken. It is the first time that humanity sees with this level of detail the ejections of coronal mass and the field where its magnetic polarity changes from north to south. The Sun in the first -term term. When he took the images at the end of 2024, NASA’s Parker solar probe It was just 6.1 million kilometers of the visible surface of the sun: the photograph. That day, the probe not only became the fastest artificial object in history, with a speed of 692,000 km/h. He also used his WISPR camera to capture in detail the crown of the sun and the birth of the solar wind, the constant flow of loaded particles that bathes the entire solar system. The cradle of the space climate. The most revolutionary of these images is that they allow to visualize the weltic current sheet, a gigantic and undulating “sewing” of the solar system that extends from the sun, marking the limit where the polarity of the magnetic field is invested. Seeing it so closely is an invaluable document to understand how the solar wind spreads. In addition, the probe has managed to observe the collision and fusion of multiple coronal mass ejections in high resolution. “We are seeing the CMEs stacking on each other,” explains Angelos Vourlidas, scientist of the Wispr instrument. Understanding how they merge is key, since these mergers can Create geomagnetic storms Much more powerful and dangerous. The mystery of switchbacks. The Parker mission is not just beating proximity and speed records. Its main objective is to solve enigmas that solar physicists have been trying to decipher. One of the biggest discoveries of the probe has been the abundance of the so -called ‘switchbacks’ or Magnetic investmentsfolds in the magnetic field that invest their direction at brief intervals, as if Zigzag. Thanks to the approaches to the Parker solar probe, we now know that these structures originate on the visible surface of the sun and are one of the fast solar wind engines. Also that there are two types of slow solar wind. One seems to be born from large magnetic loops, while the other would come from coronal holes. Touch the sun without melting. Approaching the sun so much poses an obvious question: how is it possible that the probe does not melt? The key is in the difference between temperature and heat. The solar crown has a temperature of millions of degrees, but it is a vacuum with a very low density. There are few particles, so, although they move very fast (high temperature), they do not transfer much energy (low heat). How to put your hand in a hot oven. Even so, the ship needs protection. There your thermal shield of 2.4 meters in diameter comes into play carbon compound. The shield is capable of supporting temperatures of up to 1,400 ° C on its outer face, while the body of the ship remains comfortable 30 ° C. Other exposed instruments are made of exotic materials such as molybdenum and tungsten, metal with the highest known fusion point: 3,422 ° C. Image | POT In Xataka | What are solar storms and why society has become so vulnerable to something that has happened millions of years

Follow in free fall despite a last “average” harvest

July 17, 2025 by usatoday24

A few months ago the headlines talked about the palpable escalation in the prices of olive oil but now the story is very different: prices fall loudly. So much that the olive sector has already requested measures to the government. The price, in free fall. The Latest consumer price index data (CPI) has served the olive sector to give the alarm: the price of olive oil is in free fall. The drop is 45.7% year -on -year for olive oil, while the category of “other edible oils” and the dedicated to butter showed rebounds of 18.7% and 6.7% respectively. Together, the category of “oils and fats” has shown A fall in 37.1% prices, which contrasts with the 2.8% rise in non -alcoholic foods and drinks and one 2.3% increase in the general index. Again attending to the annual variation of the month. In the latest IPC data, it is also indicated that oils and fats are the main bearish taxpayer of the monthly index. Never to everyone’s taste. Price drop has harmful clearings: farmers. The associations of olive producers, such as the union of small farmers and ranchers of Jaén, Upa Jaén, They recently claimed Urgent market measures to the Ministry of Agriculture to prevent this collapse in prices. “Untenable”. “What worries us most right now, especially in the traditional olive grove, is to at least the costs. Jesus Cózar Pérez saidgeneral secretary of UPA Jaén and Andalucía. Cózar Pérez, who described the situation as “unsustainable, artificially forced to leave the traditional olive grove,” asked the Ministry of Agriculture to implement “the market mechanisms necessary to achieve rise in prices at origin.” Future prices. According to the agrarian sector itself, the fall in prices It does not respond Both to the present dynamics of adjustments between supply and demand but to the futures market: after two years with pyrrhic crops, this year we are faced with a standard, not especially productive. The expectation of a future “great campaign” makes prices adjusting due to fall in demand, and with it also prices. The problem, they point out from the sector, is that nothing guarantees that the harvest that comes is excellent, much less: pests and abnormal temperatures can have an impact on a harvest that must still go through one of its critical points. An unequal inflation in food. If oil is one of the food whose fall has impact on the rate General of the CPI, we find the opposite case in fruits and meat. In the latter case, in large part because of the promotion in the prices of beefs (14.5% year -on -year) or sheep (12.2%). On the other hand, foods with less weight in the basket but with rapid ascent prices are eggs (18% year -on -year care); and coffee, and cocoa and chocolate powder (increases of 19.8% and 13.1% respectively). In Xataka | ‘Atomic Garden’: the “atomic” orchards to create the best tomatoes and cucumbers Image | Antgarprats

Airbus is about to close a new massive order in China, according to SCMP. The moment cannot be worse for Boeing

July 16, 2025 by usatoday24

Airbus prepares to reinforce its presence in one of the most strategic markets on the planet: China. South China Morning Post says that the European manufacturer is at the gates of signing a new agreement with the Chinese authorities that would include Between 100 and 200 new airplanes. The firm could arrive this month, but what really attracts attention is not the magnitude of the order, but the moment in which it occurs. The operation would coincide with the summit between the European and China Union on July 24 and 25, As Politico has advanced. A high -level diplomatic encounter that seeks to reduce commercial tensions, redefine relationships between Brussels and Beijing, and manage an increasingly tense climate in their links with Washington. That Airbus manages to close a contract of this size just in that context is something that does not go unnoticed. A new order in Chinese heavens? China has not closed great agreements with Boeing for years. The last relevant request dates back to 2017and since then the American manufacturer has been losing ground in one of the most dynamic markets in commercial aviation. The reason is not only commercial: the cooling of relations between Washington and Beijing, The tariff war And regulatory doubts seem to be tilting the balance to the European side. As the Hongkonese medium points out, Airbus has gained weight as the main supplier. Time also plays in favor of Airbus. Many Chinese airlines are dealing with aged fleets, mostly composed of Boeing aircraft acquired more than a decade ago. In cases such as Shandong Airlines or China United Airlines, the bulk of the devices exceeds ten years of service. As the airplanes accumulate flight hours, in general, their maintenance becomes more expensive, their operational efficiency decreases and increases inactivity periods. At first glance, it may seem that an airline can compensate for the situation by combining manufacturers. However, operate A mixed fleet It implies logistics complexity and high costs. An Airinsight analysis concluded that the expenses derived from managing two types of fleet – parties, training, documentation, crew ratio – are amortized in just 12–15 months and then favor significant savings in the useful life of the fleet. Operating a mixed fleet implies logistics complexity and high costs The standardization – arrest by a single supplier such as Airbus or Boeing – reduces operational costs, simplifies the training of personnel and speeds up the management of spare parts. In contrast, changing manufacturer forces to reorganize supply chains, train pilots and technicians in new models and adapt maintenance infrastructure. The latter implies from updating the hangars and workshops to the physical requirements of the new plane, to acquire specific tools. For many airlines, that entrance barrier seems to explain why they continue to depend on boeing fleets even when Airbus gains ground. China is also betting on developing its own alternative. The three large state airlines – Air China, China Eastern and China Southern – have already committed the purchase of more than 100 units of the Comac C919the passenger plane developed by the Chinese aeronautical industry. Political support is evident, but so are its limits: Production is still reducedinternational certifications are in the initial phase and the technical support network does not have maturity or the Airbus or Boeing scale. For now, C919 is a medium -term promise, but not an immediate solution to meet the enormous demand of the domestic market. Nevertheless, Boeing is not totally out of the game. In April 2025, several 737 Max prepared for Chinese airlines They returned to the United States After Beijing ordered to suspend deliveries, as part of their response to new tariffs against US products. Although this measure points to a protective impulse of the national industry and the geopolitical strategy, Boeing could still regain land if commercial tension is reduced and access to the Chinese market is resumed. But, for now, Airbus is emerging as a favorite. Airbus knows well the potential of the Chinese market. According to their own forecaststhe country will need more than 9,500 new commercial airplanes in the next 20 years. Boeing handles a similar figure: Around 8,830 to 9,740 units, depending on the economic and regulatory scenario. In any case, we are talking about a gigantic demand. And at this time, with the orders to Boeing frozen and Comac still consolidating, Airbus has a clear advantage. If the new contract is confirmed, it will not be an isolated case: it will be the reflection of a trend that can mark the distribution of power in commercial aviation during the next decades. Images | FASYAH HALIM | Takashi Miyazaki In Xataka | The C919 Comac In Xataka | The United Kingdom was waiting for an invincible hunt. Today, the F-35 flies little and cannot shoot its own weapons

US faces the dilemma impossible to or sell hardware to China … or not sell it to them and develop it themselves

July 16, 2025 by usatoday24

The United States is at a historic crossroads in regards to sell GPU to China. And not only does it have to do with the economical and with which Nvidia swells his income statement, which calculates that it will be 15,000 million less this year If you follow the prohibition of selling your avant -garde chips. It has to do with the future of the artificial intelligence (AI) and technology. The context. Nvidia has achieved something that seemed impossible: that Trump’s government let him market again His H20 chips in China. Although the GPUS were Designed to skip restrictions that fell on the H100 and H200, the United States added New restrictions in April. They paralyzed exports to China even though there were already agreements with Customers such as Tencent or Alibaba. With the relaxation of measures, Nvidia and its accounts breathe relieved, but the United States still has to make difficult long -term decisions. The United States plays it … do whatever. The United States can gain time compared to China limiting the sale of avant -garde chips, as it has been doing. However, this implies that their companies win less money, greatly reducing their global turnover. And is that the Chinese market, in 2024 and with restrictions, It was 13% of Nvidia sales. In addition, the world uses NVIDIA GPUs almost as the only option has advantages: that the North American country controls the entire Stack technological used to train IAS and to execute the expensive inference, fields that Google also dominates with its tpu. China at the height. Huang himself, in a recent interview with Bloomberg, said that the power of the technology developed by Huawei is “Probably comparable to an H200“From Nvidia, superior to H20. And they want to market it outside their borders, an intention that has motivated a offensive by the US to prevent China from exporting its chips to other countries. If exports do not find clippers, Chinese laboratories can continue focused on their plan: give away the thinking of the next decades and create global dependence. If you cut it, it already has good examples of what happens: The shot of the sanctions has come out of the cylinder head, A gift that cannot be allowed again. A fearsome potential called Huawei. The possibility that Huawei becomes a huge opponent for Nvidia raises a huge loss of income for the US company. Just against that are Fighting already from the American government: Cut Huawei’s wings into the global market before it is competitive. Huawei has already had time to develop his chip Ascend 910d and 920with SMIC as a great ally. He Historical Mate 70 processor He showed that Huawei usually gets what he pursues. And according to Huang, if China wants military autonomy with AI, You will have to develop your own technologybecause for this task, they cannot trust American developments. A Deepseek moment in hardware … inevitable? All this leaves us the unknown if in hardware we can see A moment Deepseek. China would not have to potentiate Nvidia’s proposal, as Deepseek R1 did not exceed O1 in reasoning, but yes, Through ingenuity and new paradigmsdifferentiate in aspects such as price or efficiency. Arrive on time. The big question that can be asked about NVIDIA in China is whether the approval to sell again the H20 arrives on time. According to Reutersthe beginning of the massive distribution of Huawei 910C was set for May. According to the news agency, the Chinese giant graphics card achieves performance comparable to that of NVIDIA H100 thanks to combining two 910b processors with advanced techniques. More software is needed. Huawei can have the hardware, but unlike what he has achieved in inference, where in theory Yes are at Nvidiayou have to prove to be able to compete in training software. This is something that could do by the hand of Moore Threads. If the United States wants to maintain its technology as the global standard for Ia, it must hurry. As the analyst Paul Triolo told Reuters, the restrictions at April H20 were going to mean that the Huawei Ascend 910C became “the hardware chosen by the developers of AI models (Chinese) and to display the inference capacity.” Image | Nvidia | Dominic Kurniawan In Xataka | China’s three master moves to “independent” technologically from the West: raw materials, chips, AI

Pontegadea turns Luxembourg into the new homeland for the Empire of the brick of Amancio Ortega in Europe

July 16, 2025 by usatoday24

Pontegadea, the Real Estate Holding of Amancio Ortega, It has grown so much In recent years that he has had to review his management strategy for the company’s European assets. Given this change of structure, the company has taken advantage of centralize management Of all the real estate holding company, making the one that until now was the subsidiary of Luxembourg in its new international headquarters. Luxembourg, the new Pontegadea headquarters. Amancio Ortega has completely reorganized the operational structure of its real estate holding company in Europe to convert its subsidiary Pontegadea Luxembourg into a giant that will manage real estate assets worth 7,033 million euros. However, although restructuring has been completed in 2025, it has been forging since 2024, as confirmed From Pontegadea EuropePress. The decision that has encouraged this change is that the great duchy is in a geographical position closer to the assets that it manages, in addition to having a much more friendly taxation for the taxation of the large real estate operations. Expansion under the structure of Luxembourg. In January 2023, Pontegadea registered the Luxembourg subsidiary to, throughout 2024, make several purchases of strategic real estate such as the offices of the Clifford Chance firm or the purchase of two more office buildings more worth 321 million euros. The luxembourgish subsidiary has absorbed the French, and takes control of all the residential buildingshotels, logistics centers and shopping centers that the company has in Germany, France, Ireland, Italy or Netherlands. In addition, it will also take control of the management of some assets in Canada and the United States. Spain, Portugal and the United Kingdom stay out. Despite its proximity, the assets that Amancio Ortega bought in Spain and Portugal, as well as The properties of the subsidiary Pontegadea in the United Kingdom remain outside this luxembourg dependent reorganization, and remain under the umbrella of Pontegadea investments. Under Pontegadea investments, 50.01% of the participation of Amancio Ortega en Inditex, Telxius, the telecommunications company that shares with Telefonica, and the entire investment arm in investment in Renewable energy and natural gas that the company has in Spain and Portugal. Why Luxembourg? The short response is for taxation. The long answer is that, the Pontegadea model does not consist of obtaining surplus value of real estate, but of become the landlord of important companies such as Amazon, Apple, Meta or Spotify, as well as renting their buildings To large hotel chains so that they exploit it commercially. All those rental income They are taxed in the countries where the properties are located, but Luxembourg’s fiscal advantage lies in a low tax burden when buying those properties. Amancio Ortega goes shopping in Europe. With this movement, Pontegadea has laid the foundations to begin its expansion throughout Europe, as demonstrated by the latest movements with the Purchase of an office building in the port area of Dublin for 70 million dollars; with the acquisition of the headquarters of the Editorial Planeta in Barcelona for 250 million euros; wave recent acquisition of the Luxury Banke hotel in Paris, for 97 million euros. Both the Dublin building and that of Paris, have directly passed to the Pontegadea Luxembourg asset portfolio. With assets valued at more than 110,000 million euros, Pontegadea has become the largest real estate in Spain, surpassing giants in the sector as colonial or Merlin. With this strategic movement towards Luxembourg, the investment arm of Amancio Ortega prepares to advise a blow to the European real estate market and position itself among the largest in the old continent. In Xataka | Amancio Ortega knows that millionaires are moving to Florida: a skyscraper has been bought for 165 million dollars Image | Gtres, Pexels (ABODI VESAKARAN)

Log In

Sign In

Forgot password?

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections