European

Ryanair and the rest of the low-cost airlines have been charging for your carry-on suitcase for years. The European Union is tired of it

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It is no surprise that the main business of “cheap airlines” is precisely charge you for cabin luggage. A cheap Ryanair or EasyJet ticket can easily be double the price if you include a small suitcase to carry in the cabin. And from Europe I want this to end nowboth by users and legislators. not so fast. In this regard, the European Parliament has voted in favor to allow all passengers to carry one cabin bag of up to 7 kg free of charge, in addition to their personal bag or backpack. The measure has sparked criticism from low-cost airlines, since they rate it ‘existential threat’ to its business model, and that could raise ticket prices by up to 25%, according to EasyJet. The trigger. The European legislative proposal establishes that any passenger may carry at no additional cost one personal item plus one piece of hand luggage of up to 7 kg and with combined dimensions of 100 cm. This would affect all flights to or from EU airports operated by EU airlines. Of course, it should be noted that this bill must still go through the European Council before becoming law. Baggage and margins. Bag fees have become a great source of income for low-cost airlines. Jay Sorensen, airfare expert at consulting firm IdeaWorks, counted to the Financial Times that European airlines raised $16 billion in 2025 just for baggage, of which 60% went to low-cost airlines. Although these fees are not usually broken down individually, Sorensen estimates that they represent almost a fifth of the total revenue of low-cost airlines. Reaction of the industry. Kenton Jarvis, CEO of EasyJet, has qualified the “lunatic idea” proposal and warns that the additional costs “would have to be passed on” to all passengers through higher prices, even for those traveling without luggage. On the other hand, József Váradi, CEO of Wizz Air, account to FT that consumers are “much smarter” and “are able to navigate the current system of optional tariffs.” For its part, Airlines 4 Europe, the industry lobby, has presented a survey according to which half of passengers would prefer to pay lower fares and keep suitcases as an optional extra. Margins. The low cost model is based on eliminating minutes on the ground and fuel costs. Augusto Ponte, European director of the consulting firm Alton Aviation, account FT that if each passenger carried between 2 and 4 additional kg, a plane with 150 people would have 500 kg extra weight, which translates into between 15 and 20 additional euros of fuel per hour of flight. According to Ponte, for an airline like EasyJet, which flies approximately one million hours annually, that would mean more than €28 million extra per year in operating costs, approximately a tenth of its total profit. In addition, the executive says that 150 additional suitcases in the cabin per flight would cause delays of about 10 minutes in each boarding, not counting the time necessary to relocate the excess in the hold. Ponte assures that, in short-haul aircraft that make six flights a day, this would be equivalent to one hour less operation per plane each day. Consumer protection. Beuc, the European consumer association, strongly supports the proposals of Parliament and even proposes raising the permitted weight to 10 kg. Agustín Reyna, its general director, argues that passengers “expect their hand luggage to be included in the price of the ticket” and that forcing them to pay turns luggage into “a luxury item.” For his part, Andrey Novakov, the Bulgarian MEP who is leading the parliamentary negotiation on these rules, has declared that the goal is “to strive for clearer and more predictable rules for airlines and a stronger aviation sector, but never at the expense of passengers.” Cover image | Gabor Koszegi In Xataka | When Ryanair CEO went to a restaurant he was charged for two extras: “priority seating” and “legroom”

We have crossed another line with subscriptions. LG now allows you to pay a fee to use a television in a European market

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What started as a practical formula to pay for digital content has, little by little, become a way of life. Subscriptions to listen to music, watch series, store photos, work, protect your computer. Based on small installments, has been normalized that an increasing part of our lives depends on a monthly payment. And when the time comes to do the math, that recognizable feeling of juggling the budget appears: we cancel one, reactivate another, adjust as best we can so as not to go overboard. Perhaps we pay more and more to access, and less and less to possess. That is why the latest twist in the phenomenon draws special attention: now you can also “rent” a television instead of buying it. Rent a TV if you can’t (or don’t want to) buy one. The scene comes from the United Kingdom. There, LG already offers a modality called LG Flex which allows access to a selection of televisions and sound bars through subscription, directly from the company’s website. The logic is similar to that of other services: you choose the product and, at the time of checkout, you select Raylo as an option, since LG presents it as its official partner for this program. The proposal is sold as “flexible access” to premium products, with no initial outlay, and with different subscription durations to adjust the monthly price. In practice, it is a paradigm shift in an object that we traditionally bought and amortized for years. What does “flex” mean? The subscription is proposed with two very different paths: a renewable monthly plan, designed for those who want maximum freedom, and closed plans of 12, 24 or 36 months, which reduce the monthly payment in exchange for a greater commitment. It is a well-known logic: the longer the term, the lower the fee. In addition, the proposal includes a 14-day free trial and, at the end of the period, the user can choose between continuing to pay month by month, requesting a change to a newer model at no additional cost or returning the device. Of course, this last option is not neutral: the withdrawal has a fee of 50 pounds (about 60 euros). The key is what you are paying. A television like LG OLED evo AI C54 83-inch 4K (2025) It is offered for 3,999 pounds (about 4,620 euros at the exchange rate in that market), with a subscription available from 123.90 pounds per month (about 145 euros at the exchange rate) with Raylo, while a LG QNED evo AI QNED9MA 86-inch 4K Mini LED It is listed for 2,499.98 pounds (about 2,890 euros at the exchange rate), with installments starting at 78.35 pounds per month (about 92 euros at the exchange rate). The difference is in the time horizon: if the subscription is maintained for a long time, the accumulated amount may end up exceeding the purchase price. That is why Flex is best understood as a formula to have the television “in use” without purchasing it directly, not as an alternative designed to pay less at the end of everything. Will it leave the United Kingdom? For now, the experiment remains in the United Kingdom. LG has not communicated plans to expand Flex beyond that market, so, at the moment, there is no basis to assume that it will reach other European countries. But even as an isolated case, the idea says a lot about the moment we are going through: subscriptions are no longer just a method to access digital content or tools, but a commercial language that is also beginning to be applied to physical objects. Images | LG In Xataka | Apple Creator Studio is not just a subscription. It’s Apple looking to conquer the little tiktoker who uses CapCut and Canva

that one of the European AI gigafactories ends up in Spain

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If the European Union wants to compete with the United States and China (which has a very detailed plan) in the artificial intelligence race, you don’t just need good models and specialized companies: you also need AI gigafactories. And the EU already has on its roadmap the construction of up to five plants throughout the continent. Where will they be mounted? The decision has not yet been made, but one thing is clear: Spain has submitted his candidacy in the form of a binomial between Madrid and Catalonia. The Madrid – Catalonia proposal. This candidacy combines the storage capacity and the Madrid network with the experience in Catalan computing architecture. On the other hand, the Spanish state has one of the most solid renewable energy networks on the old continent, a critical requirement for approval. Thus, it is based on a Madrid – Catalonia axis that connects the Barcelona Supercomputing Center with a new node in San Fernando de Henares (Madrid) and the previously planned massive installation of Móra la Nova (Tarragona), which would take advantage of the area’s energy infrastructure. What does a factory have to be “giga”? Last February Ursula Von der Leyen announced InvestAI, a project that will mobilize 200 billion euros for artificial intelligence, of which a fund of 20 billion will go to gigafactories, which are essentially large data centers with at least 100,000 advanced AI chips. The fundamental differences between a simple AI factory and a gigafactory according to the action plan are scale and purpose: while a factory is a supercomputing center optimized for fine-tuning AI models to specific tasks, a gigafactory is a much more powerful massive infrastructure designed to train models from scratch. At the hardware level there are also differences: the EU standard for factories is around 25,000 chips. Furthermore, while factories are often integrated into existing data centers, such as MareNostrum 5 in Barcelona, ​​for gigafactories they usually require their own They require their own high-power electrical substation. The list of requirements. The construction of up to five gigafactories in the EU is part of the action plan “AI Continent” from the European Commission. At the beginning of this year and after some delay, the formal call for proposals has already been opened. Regarding the requirements, the proposals must guarantee a capacity of more than 100,000 next-generation chips and the redundant architecture is positively valued, advanced liquid cooling systems, total sustainability and the capacity of a dedicated high-power electrical substation are required. Majority control must be European capital, although the financing model is public-private. Deadlines and budgets. If the EU approves the project in the coming months, construction would begin in 2027 to be operational between 2027 and 2028. As detailed Óscar López, Minister for Digital Transformation and the Public Service, “the joint public-private investment could exceed 4,000 million euros to make this gigafactory a reality.” The public part of the financing would come, among others, from the Spanish Society for Technological Transformation. In Xataka | If we ask Spaniards how they feel about AI, the answer is simple: more productive In Xataka | If anyone thought that Europe had no role in the race for AI, Mistral has something to tell them Cover | chaddavis.photography and Daria Borysenko

43% of European funds for batteries

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Spain is trying to create more energy batteries to store surplus renewable energy, something key for the future to achieve energy independence and also to avoid episodes like the April blackout. Although several communities were competing for aid, there is a clear winner: Andalusia. The ERDF are EU funds to encourage energy transformation and in Spain there were several communities in dispute. After the modifications, for state energy storage there was 818 million in aid to be distributed according to the final resolution. Although Andalusia has suffered a cut of 20 million compared to the previous plan, it is still a good pinch considering that almost half of the funds go there. Why is it important. The primary objective of the ERDF program is to strengthen the economic, social and territorial cohesion of the European Union, reducing disparities between regions through investments that boost growth, employment, innovation, the green and digital transition, and territorial cooperation, supporting less developed regions and transforming industries in decline. And this is demonstrated with this definitive roadmap. Why Andalusia. Taking into account economic reasons, it is worth remembering that the IDAE designed the call from the beginning, distributing the budget into regional pools and from the beginning Andalusia received the highest allocation, even after the downward adjustment of the final resolution. Under EU criteria, Andalusia is classified as a “less developed region”a designation intended for those whose GDP per capita is less than 7% of the EU average. In short: it has absolute priority for the distribution of funds. The co-financing rate is higher precisely because of the previous classification taking into account the regulatory bases, which allows us to reach 85% compared to other areas such as Madrid or Catalonia. When faced with similar projects, those present in a less developed region receive more subsidies. But there are also strategic reasons derived from the state’s renewable energy infrastructure and its operation. Andalusia is going to become Spain’s battery: with this aid it will not only lead the generation of clean energy, but will also have the technologies to manage it. Andalusia concentrates some of the projects with the greatest storage capacity of the entire call, such as those from Atlantica Sustainable Infrastructure or the Rolwind battery system (ST Palmosilla) one of the largest in the state. Andalusia is the state leader in installed power in photovoltaic solar energy and as points out the PNIECregions with very high variable renewable generation urgently need storage to avoid spills and thus guarantee electrical stability. In figures. The final resolution of the plan is lower than the initial proposal, with a total budget of 818 million in non-refundable public aid allocated to 126 projects (previously there were 133), 2.2 GW of power and a total capacity of 9.4 GWh. All this with September 30, 2029 as the deadline. Three operators concentrate more than 50% of the awarded capacity: Iberdrola with 2,333.7 MWh and 12 projects, Atlantica Sustainable Infrastructure with more than 1,500 MWh and eight projects and Rolwind Renovables with 1,225 MWh and 2 large-scale projects. Behind, other relevant actors such as Naturgy, BenBros or Ecoener. Andalusia accounts for 43% of the aid, with 354.5 million euros. It is the area with the most projects and accumulated volume. Galicia and Castilla-La Mancha follow, with 97.2 and 98 million euros respectively. The only Autonomous Community whose budget increases is Extremadura, going from 73 to 91 million euros. In detail. In the list of awarded projects, those hybridized with renewables (the majority, photovoltaic) prevail, followed by independent batteries, thermal storage and pumped hydroelectricity. Spain has achieved very competitive prices compared to other European tenders. Without going any further, according to Strategic Energy The average price for independent storage systems (stand-alone) was €64,933/MWh/year, below markets such as Italy. In Xataka | The solar miracle that went wrong: Spain produces more electricity than it can manage In Xataka | The perfect storm for electricity companies occurs in Spain: daytime solar surpluses, nighttime peaks… and increasingly cheaper batteries Cover | Sungrow EMEA

Poland and Spain are the European countries that have increased their contribution to space the most. For very different reasons

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“Europe wants to get its act together in space matters and become independent from States, so in 2025 it has launched the ambitious 15-year plan.”Strategy 2040: Elevating Europe’s future“, ha merged its largest companies and has approved a historic budget of more than 22,000 million euros. In this new budget of the European Space Agency, there are two countries that have taken a step forward in investment: Poland and Spain. Spain and Poland take a step forward. With a contribution of 1,854 million euros, the Spanish state goes from fifth to fourth positiononly behind Germany, France and Italy. Since 2022 it has surpassed the United Kingdom, the only member state that has been reducing its contribution since 2022. Poland has gone from twelfth place to become the eighth largest contributor. Although the objective of Spain and Poland is the same, their motivations are different: while the former’s priority is to support its industrial base, for the latter security and autonomy are essential. The success of ESA’s budget request lies in the programs it houses and how each country and its priorities can influence the general space spending trends of the old continent. The jewel in the crown: EOGS-ESA. One of the great engines is Earth Observation Governmental Service (Government Earth Observation Service), a key program of the European Space Agency focused on Earth observation with satellite data, but not only for science or climate, but also for defense and security in what they call dual use, civil and military. The economic injection from Poland and Spain was significant: 325 million euros for the Spanish state and 109 million euros for the Eastern country, more than half of what it put in 2022. But both financed different components of the project that align with their interests. Each country has its reasons. Thus, Poland was allocated to shared European systems and resilience networks (services that work even if there are failures or sabotage), which fits with its concern for national security, the protection of strategic infrastructures and obviously, the context of the war in Ukraine. For its part, Spain opted for a part of the most tangible project: building satellites, more specifically the “Atlantic Constellation“, a constellation of small satellites shared with Portugal to observe the Atlantic. Missing launchers. In Europe, traditionally the launching countries have been France, Germany and Italy through Ariane and Vega, but in recent years the panorama has become more complicated. On the one hand, the success of SpaceX has overshadowed European work and on the other, the gap in launches that has existed in recent years, as a result of Ariane 6 delaysthe breaking of collaborations with Russia and the stoppage of Vega-C. So other countries with less tradition have taken a step forward, improving competitiveness. In the case of Spain, it has allocated 169 million to miuraa reusable small satellite launcher from the company PLD Space. Poland has increased its contribution to the Future Launcher Preparatory Programme, an ESA program focused on new innovative launcher technologies. From 2022 to 2025 it has gone from providing three million to 48. Bringing historic programs to life. Although they had not previously been a priority for both countries, Poland and Spain have set their sights on older programs such as ‘Celeste’ or ‘Iris2’. ‘Celeste’ is an ESA mission based on low orbit satellites that reinforces Galileo in achieving more precise and difficult to interfere navigation, with a scope of application in the development of autonomous vehicles, drones and critical infrastructures. Poland has made its debut with a contribution of 10 million and Spain has tripled its investment. ‘Iris2‘ is something like the European Starlink, made up of a network of about 300 satellites that will provide secure, fast and resilient communications to EU governments and companies. With supervision from ESA, the objective is to guarantee European digital sovereignty. Its first launch is scheduled for 2029. In this mission, Spain has emerged by contributing much more than any other member state to Element 3, which focuses on user terminals, new services and missions, with 140 million euros. More R + D + i. Likewise, both states have gained weight in FutureEOESA’s R&D program for Earth observation focused on climate change, ecosystem collapse, human health and the impact of resource consumption. Thus, Poland and Spain went from 8.5 and 20 million respectively in 2022 to 35 and 110 million in this new budget. Poland’s space exploration. Poland has risen from 12.5 million to 61 million euros in just three years, with more than half of that increase (30 million) allocated to lunar exploration. However, they have just send its first astronaut in decades: Sławosz Uznański-Wiśniewski, on an Ignis trade mission. The pioneer was Mirosław Hermaszewski, in 1978. In Xataka | “Elon Musk can monopolize everything,” warns Arianespace, which has been launching all of Europe’s satellites for 40 years In Xataka | A space war looms over our heads and Europe is the power that invests the least in defense technology Cover | Image from freepik

The European Space Agency has always launched rockets from South America. Norway is very close to changing that

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The Arctic is no longer just that vast ice desert at the end of the world, but it has become a strategic point for many countries that they do not want to waste. And Europe does not want to let him escape, now opting to migrate the launch of part of your rockets from South America to this new location, something that has a great geopolitical strategy behind it. An agreement. The European Space Agency (ESA) and Norway recently signed an agreement to promote the creation of a new research center in the north of our planet: the ESA Arctic Space Center in Tromso. But it is not just another research center, but rather it is Europe’s response to ensure its autonomy in observation, navigation and communications in a region where it is already Russia and China is deploying its own infrastructure. The location. Choosing Tromsø as the city where to locate this new launch zone is not something chosen at random. If we go to a map, we can locate it far above the Arctic Circle, already being a city that has become a vibrant ecosystem of satellite data. Looking back, Tromsø already hosts mission control Arctic Weather Satellite, a satellite launched in 2024 that tried to demonstrate how a polar constellation can save lives through very accurate weather forecasts. But it also has a large number of institutions that make it a true Silicon Valley of the cold, housing the Secretariat of the Arctic Council and the Norwegian Polar Institute. A greater amount of data. The agreement signed between ESA and the Norwegian agency NOSA establishes a working group that will define the details before the end of 2026. This center is defined as an opportunity to monitor the melting of the Arctic, which warming four times faster than the global averagewhich gives us data on what will happen in the rest of the planet. It also entails an important national security reason, since today maritime traffic in the Northeast Passage does not stop increasing, and this means having signs of Galileo It allows you to have better control of everything that happens here. That is why, more than science, we are facing a critical center for civil security, search and rescue. The change of location. Until now, our gateway to space was French Guiana for a reason of basic physics: its proximity to the equator allows us to take advantage of the “impulse” of the Earth’s rotation to launch heavy satellites. However, the center of Tromsø and the new Nordic ports respond to a different need: polar orbit. That is why while from South America it is ideal to launch television satellites that remain “fixed” on the equator, the Arctic is the perfect balcony for satellites that must monitor melting ice or borders. Launching from the Pole, the satellite enters directly onto a North-South path that allows it to scan every corner of the planet as the Earth rotates below. In addition, being on the axis of rotation, rockets do not have to “fight” against the Earth’s lateral spin, which makes observation missions much more efficient and cheaper. Geopolitics. Beyond science, in this case there is a reading of territorial sovereigntysince while China invests in the “Polar Silk Road” and Russia increases its infrastructure in Siberia, Europe needs its own eyes in the north. In this way, while from South America it is ideal to launch television satellites that remain “fixed” on the equator, the Arctic is the perfect balcony for satellites that must monitor melting ice or borders. In this way, the Tromsø–Svalbard axis, added to the new spaceports of Andøya (Norway) and Kiruna (Sweden), consolidates northern Europe as the main gateway to space on the continent. This decision reduces dependence on external infrastructure as occurred in South America and obviously guarantees that all data remains in European territory. What’s next now. Norway, a member of ESA since 1987, brings its network of polar stations and its unique experience in polar orbit operations that are undoubtedly crucial in the current situation. From now on, the working group that has been formed has two years to design the governance and calendar of a center that promises to be “the control tower” of the European future in the Arctic. Images | riya rohewal In Xataka | In January a SpaceX rocket exploded. Today we know the danger that an Iberia plane was in with 450 passengers in the air

Ukraine’s biggest problem is not Russia. There are three European countries trapped in a perverse mechanism: type C accounts

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Europe faces a decision that goes far beyond an accounting discussion and that defines its strategic credibility: what to do with the more than 210,000 million of euros of Russian assets frozen since the beginning of the invasion of Ukraine. The problem is twofold, because it is not just about figures, but about what comes after activating the operation. The European crossroads. Yes, because the question is not only whether that money should be used to support kyiv at a critical moment, but whether the European Union is capable to take the risks political, legal and economic implications of doing so. As Washington presses for a quick exit to the conflict and reduces its financial support, Brussels finds itself caught between the urgency of avoiding a Ukrainian defeat and the fear of unleashing a russian retaliation that directly hits several of its Member States. Putin clearly. Statements this week by Vladimir Putinloaded with contempt for European elites and confidence in a protracted war, are not simple rhetoric. Moscow makes it clear that it is not contemplating real concessions and that it considers the use of its frozen assets as theft that demands a response. That response would not be symbolic, but surgical: selective seizures, accelerated nationalizations, endless litigation and the use of the Russian financial system as a weapon. The message, a priori, is unequivocal: if Europe crosses the line, Russia will not only punish Ukraine on the battlefield, but also European countries that still have exposed economic interests within their territory. The real blockage. I remembered this morning the financial times he crux of the whole situation. Although the debate is presented as a struggle between hawks and cautions, the real blockage comes from a handful of countries specific, with Belgium, Italy and Austria at the head. It is not a question of ideology, but of direct vulnerability. Belgium hosts Euroclear, the warehouse that guards most of the frozen Russian assets, and fears becoming the first target of retaliation judicial and economic. Italy and Austria, for their part, maintain banks and companies with billions trapped in Russia, benefits included, which they cannot repatriate. For these countries, authorizing the use of Russian money is not an abstract foreign policy decision, but rather an immediate risk to their financial and corporate systems. Type C accounts: the ace of Moscow. At the center of this fear are the calls type C accountsthe mechanism created by Moscow to withhold dividends, interest and assets from Western companies. That money, formally owned by European and American companies, is under Russian control and can be frozen, redistributed or directly transferred to the state budget with a simple decree. For the Kremlin, these accounts are a retaliation tool fast and effective, far superior in agility to slow Western judicial processes. For Europe, they are an invisible chain that binds entire governments when making strategic decisions, because any false step can translate into lost billions and internal political crises. Germany pushes, Europe hesitates. Germany has become the main political engine of the plan to use Russian assets, convinced that without that money there is no realistic way to support Ukraine for another two years without skyrocketing the European debt or depending on impossible unanimity. Berlin insists that the risk must be shared among everyone and that failure to act would send a devastating sign: Europe is not capable of defending its own security. However, this logic collides with the reality of countries that feel that the risk is not distributed, but rather concentrated in their national balance sheetsits banks and its courts. A (bad) peace as a threat. This financial blockade occurs in an even more disturbing context: European fear to an imposed peace on terms favorable to Russia. For many capitals, an agreement that consolidates Moscow’s territorial gains would not only leave Ukraine defenseless, but would force Europe to prepare for a scenario direct confrontation in the medium term, with longer borders, a strengthened Russian army and a weakened European deterrent. In this framework, the frozen Russian money stops being a tactical lever and becomes a strategic investment: either it is used now to support Ukraine, or it is paid for later in the form of massive rearmament and risk of war. The final dilemma. In short, the European Union has frozen Russian assets to prevent them from returning to Moscow without reparations, but now it must decide whether it dares to give the next step. Without that money, Ukraine could run out of liquidity in a matter of months, losing all negotiating power and forcing a deal from weakness. With him, Europe is exposed to reprisals, litigation and immediate economic losses, concentrated in a few countries that are currently holding back the decision. The crossroads are clear: assume the political and financial cost now, or accept that the fear of type C accounts determine European security policy. Not only the future of Ukraine is at stake in that election, but also Europe’s ability to act as a coherent geopolitical actor when your own interests are at risk. Image | RawPixel In Xataka | A missile has been bombarding Ukraine’s defenses for weeks. What no one could imagine is that he is not Russian: he is from the West In Xataka | A day later the satellites leave no doubt: Russia fortified a bridge, and a Ukrainian drone made science fiction a reality

The European Bizum wants to be working next Christmas, but first a problem must be resolved. One of power sharing

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“Wow, but if it gives me the option to pay with Bizum, how cool.” That was my expression a few months ago when in an online purchase the online store offered me to pay directly like this. No debit or credit card, no Google Pay. With a Bizum. The instant payment system that is triumphing in Spain is so good that What we want is for it to work further. And that is precisely what the banking entities of the European Union want, who saw a “European Bizum” as a great idea. There’s just one problem. Who will control it. The European Bizum is approaching The European Central Bank he has been fighting for five years for that application that does the same as Bizum but throughout Europe. There was a major power struggle here with two large factions. On the one hand, the consortium Spain-Italy-Portugal. On the other, that of France-Germany-Belgium-Holland, who wanted to impose its own Bizum, called Wero. Fortunately, in recent months we have seen how the positions of both consortiums have become closer and the unification now seems almost definitive. This is what they indicate in five dayswhere they quote “market sources” who talk about the agreement being signed in early 2026. The European Bizum should start operating at the end of next year if everything goes as expected. This system may not be a new application, as requested by the French and German entities, but rather a system that interconnects existing ones. It is a somewhat more confusing solution but also more practical, because users will not have to change apps. For example, a Spanish user will be able to send a Bizum to a German at no cost, and the German will receive that money in his Wero app in a way that is transparent to him. The European banks participating in the negotiations have reached an agreement to establish a new company that will be the owner of this interconnection technology. There was talk of applying certain commissions, “but it was finally rejected in favor of a multilateral network.” Power distribution And there is the new challenge: Who is in charge in this new society? The distribution of power is now the great unknown, and there are several options. On the one hand, each national platform receives practically the same participation. On the other hand, the distribution should be made based on the volume of each country and then corrected. The Bizum model seems like it can also be applied to that pan-European solution. It is interesting to realize that as explained in the economic newspaper, the owners of Bizum are 22 Spanish banks, among which the participation varies: Caixabank: 25% Santander: 21% BBVA: 18% Sabadell: 12% Other minority banks such as Unicaja, Bankinter or Cajamar have lower participations, but Bizum’s statutes establish that no bank can have more than 25% participation. Do we need a digital euro? Europe has been looking for a solution for some time that would allow it to mitigate its dependence on the two great giants of electronic payments: Visa and Mastercard. The European Payments Initiativecreated in 2020 by 16 banking entities, had precisely the objective of creating a European interbank network that competed with these platforms and with others such as PayPal. And little by little it has been proven that Bizum was precisely a great candidate to achieve this. The application, with more than 30 million users in Spain, has not stopped growing in benefits and alliances like the one a year ago they signed with Revolut. There are still other obstacles in the creation of this European Bizum. For example, building a common deposit guarantee fund to deal with large US entities. It does not seem that this is going to be a major impediment to the implementation of the pan-European alternative, and that makes us wonder what happens now with the digital euro. The European Central Bank (ECB) has been designing the design of this digital asset for years. There have also been important movements in that sense, and if the European regulations are approved in 2026, there will be a pilot starting in 2027. The EU seems to want to be ready for a possible first broadcast in 2029. However, that European Bizum will theoretically solve part of what the digital euro wants to achieve, so does it make sense? It is very likelyespecially since the digital euro is a legal tender issued by the ECB. It is not just a way to transfer money, but a digital form of official money itself. Both alternatives can coexist, and this European Bizum may be the best way to promote the use of the digital euro. In Xataka | The Treasury confirms it: payments for dinner and gifts to your friends through Bizum do not go to the Tax Agency

While Madrid becomes the “European Miami”, a group has grown to historic numbers: Venezuelans

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In the streets of Madrid every time it’s easier hear Latin American accents, but there is one in particular that stands out above the rest: Venezuelan. The number of Nicolás Maduro’s compatriots has skyrocketed in recent years in the community. So much so that the latest data from the INE show that they have already overcome the barrier of 200,000 peoplewell above the 120,400 of just five years ago. In fact, there are those who already refer to part of the capital as the “Little Caracas” or see one in Madrid “European Miami” which attracts immigrants of all kinds, including rich people who want to buy. The data shows that they are not wrong. The “Latin American” Madrid. That the Latin American population and specifically the Venezuelan has been growing for years in Madrid, it is nothing new. A year ago The Country revealed that the region had for the first time surpassed the symbolic figure of one million immigrants arriving from Hispanic America, a milestone achieved largely due to the increase in Venezuelans. Now the latest data from the INE They confirm that, far from reversing, the trend continues. And clearly. Community of Madrid Venezuelans Romanians Moroccans 2025 210,408 111,309 100,939 2024 184,387 115,911 98,360 2023 158,422 117,274 94,631 2022 130,779 123,834 92,563 2021 120,434 128,793 92,279 One figure: 210,408. The figures They speak for themselves. In 2021, the INE counted 120,434 people born in Venezuela in the Community of Madrid, the following year there were 130,779, in 2023 there were 158,422, in 2024 there were 184,387 and this year the figure has taken another rise until reaching 210,408. In short, a growth of almost 75% in a matter of five years. If we look back a little further and go to the last decade, the growth is even clearer. In 2020, 115,289 people born in Venezuela resided in the community, in 2019 there were 90,254 and in 2018 the indicator marked 66,421. A collective at the head. Beyond the percentages, there are two other approaches that demonstrate the extent to which the Venezuelan population has grown in the region in recent years. The first is that right now it is the most abundant foreign group in Madrid, significantly above the other most populous groups: Colombians (199,760), Peruvians (164,786), Ecuadorians (140,794), Romanians (111,309) and Moroccans (100,939). What’s more, The Confidential remember that Venezuelans in the region now exceed the sum of Romanians and Moroccans. The other clue is obtained by looking beyond Madrid and analyzing the Venezuelan diaspora in Spain as a whole. According to the INEIn our country there are 692,316 people born in Venezuela, of which 210,408 (almost a third) live in the Community of Madrid. The capital’s figure far exceeds that of any other region. In fact, the other two with the largest volume of population from Venezuela are the Canary Islands and Catalonia and in none of them do Venezuelans even reach 90,000 people. In Andalusia, there are barely more than 47,000. Year Population born in Venezuela registered in Spain 2025 692,316 2024 599,769 2023 518,918 2022 440,953 2021 411,996 One question: Why? At this point the big question is: Why? What is the reason for this migratory flow to Madrid? There are several factors at play. One (crucial) is the Venezuelan diasporathe volume of people who have left the country in search of better opportunities or as exiles. UNHCR estimates that 7.9 million of people have left Venezuela in search of protection or a better life. In 2024, Nicolás Maduro himself assured that between 2013 and 2023 2.5 million Venezuelans They emigrated from the country, although at that time he maintained that half (1.2) had returned between 2020 and 2023. The Trump factor. Beyond the dance of figures, the undeniable thing is that Spain has long been one of the main destinations of Venezuelans who choose to pack their bags as immigrants, refugees or asylum seekers. Years ago many of them headed to the US, but with Trump’s return to the White House “the American dream became a nightmare” for a large part of that diaspora refugee in the US, such as recognized in May Saray Díaz The Country. He knows well what he’s talking about. She is Venezuelan, she had resided in the US since 2024 thanks to a humanitarian permit and basically dedicated herself to cleaning houses. After Trump activated his policy anti-immigration Saray received an email from Department of Homeland Security inviting him to “leave” the US. A few days later he was on a flight to Barajas. It is not a unique case. During the first trimester 23,724 Venezuelans They requested asylum in Spain, a record. But… Why Madrid? That so many Venezuelans choose to settle in Spain and more specifically in Madrid is not a coincidence. Influences the open arms policy applied for yearsthe presence of relatives who have already migrated to Spain (this is, for example, the case of Saray, who had relatives here) to help them upon their arrival and of course the cultural ties with the country. Like other cities in the country, Madrid has also welcomed protests of critics of the Maduro regime and in defense of the opposition María Corina Machado. “There are several ingredients to take into account. The political and economic crisis in Venezuela is worsening. Trump’s immigration policies, together with a possible military intervention, with this situation of insecurity, also have an impact. And we must take into account that in other Latin American countries the entry of Venezuelans is being rejected,” comment to The Confidential Elisa Brey, expert in international migrations and professor at the Complutense University. “In Madrid there are already many Venezuelans and more arrive through contact and support networks.” Beyond the statistics. The influx of Latin Americans and specifically Venezuelans is felt beyond the statistics, in society, the economy and even in the residential market, as explained in 2024 the BBC network, which reminded that not only people in difficulties come to the capital. In fact, … Read more

Google changed the news to summaries made with AI. Now the European Commission has something to tell you

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In March of this year an earthquake shook European publishing houses. The reason was that Google implemented AI Overviews in your search engine. This means that, where links to media news previously appeared, a summary made with AI now appears, with the detriment that this entails for the media, which in some cases They have lost up to 50% of traffic. Now the European Commission has taken action on the matter. What has happened? The European Commission has formally opened a new antitrust investigation against Google. The reason this time is the use of content from media outlets and YouTube creators to feed their AI summaries, all without compensating the creators. The investigation will try to elucidate whether Google is distorting competition by placing unfair rules on the media, while its access to content (especially in the case of YouTube) displaces other competitors of AI companies. In the words of Teresa Ribera, Executive Vice President for a Clean, Fair and Competitive Transition at the European Commission: “AI is bringing remarkable innovation and many benefits to people and businesses across Europe, but this progress cannot come at the expense of the fundamental principles of our societies. That is why we are investigating whether Google has imposed unfair conditions on publishers and content creators, while putting developers of rival AI models at a disadvantage, in breach of EU competition rules.” Why is it important. The research involves questioning the model that Google has built around its generative AI, but it also calls into question the entire problem of the use of foreign content by these tools. Opens the door to reconfiguring the AI ​​market, imposing limits and compensation for original content creators The impact. As we said, the arrival of AI summaries has had a huge impact on media traffic. If readers receive the response without having to make a single click, that traffic is lost and not only that: it is unrecoverable. The worst thing is that to give that answer, Google drinks from the information published by those same media. In the case of YouTube, creators are required to accept a clause so that their content can be used for different purposes, including train your AI. Consequences. The investigation has just begun and there is no set date for its conclusion, which could take years. They will study whether Google has violated the article 102 of the Treaty on the Functioning of the EU and the article 54 of the Agreement on the European Economic Area, which prohibit the abuse of a dominant position. If Google is eventually found to have breached these rules, the Commission could force them to take measures to comply with the law, such as compensating creators, allowing them to opt out of having their content appear in summaries, or even removing summaries across the EU, in addition to a possible fine. And now they go… It is not the first time that Google has faced monopoly accusations in the EU. In fact, it is the technology company that accumulates the highest fines. The highest was 4.3 billion for abuse of dominant position with Androidfollowed by 2,950 million for their abuse in the advertising market. He also had to pay 2,420 million for Google Shopping and 1,490 million for AdSense. Images | UnsplashEuropean Commission In Xataka | The EU has spent years fiercely fighting monopolies. Teresa Ribera has other plans for telecos

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