Global

China had never been an important actor in global oil production. That is starting to change

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Recently, China has completed drilling of the vertical well of oil deeper from Asia, reaching a depth of 10,910 meters. At first glance, it may seem one more achievement In that career for megaestructurebut it is a symptom of something else: a strategy to reinforce your energy security and reduce its dependence on foreign crude. Record on record. In March 2025, China reached a new peak in its oil production, with an average of 4.6 million barrels per day, According to data cited by Global Times. This figure marks the culminating point of a trend that It has been in silence for years. Despite the fluctuations of the market, especially with the tariff war, Chinese production has continued to increase in a planned and sustained way. Drill, Baby, Drill. Or in Chinese: Zuan Ba, Bao Bei, Zuan Ba. This famous motto that is coined to Trump could also be applied to China. However, what happens in the Asian giant is a very different version. As He explained The energy analyst Javier Blas, Beijing is betting on squeezing his former conventional fields, many of them active from the Era of Mao. Summarizing it more easily: while in the US fracking and horizontal schist drilling They are based on profitabilityIn China, energy security is priority. In fact, state giants such as CNPC, Sinopec and Cnooc They have invested For years around 80,000 million dollars annually to sustain this strategy. In addition, the country is known for being a large importer of oil, so during these years the reserves were not known. However, in this growing silent production, According to Reutershas achieved a 167%replacement ratio. The state oil company CNOOC has declared that its proven reserves exceed 7 270 million barrels, which ensures stable production for the next 10 years. A strategy inwards. This year is fulfilled The established period for China’s autonomy with its “seven -year action plan to improve oil and gas exploration and development efforts”. Although its objective is not only to produce more, but to depend less and less abroad and not have to be subject to the tensions of global geopolitics. But for now …Keep importing and has changed a couple. Chinese refineries are importing Canadian crude record amounts after cutting American oil purchases at 90% due to commercial tensions. As has indicated Bloomberg, the expansion of a pipeline in western Canada, opened less than a year ago, has already provided China and other oil importers of the East Asian to greater access to the vast crude oil reserves in the Alberta tar sands region. Beyond its borders. China’s energy turn does not occur in a vacuum: it has direct implications for the rest of the world. In the first place, greater Chinese self -sufficiency will weaken the weight of export countries such as Saudi Arabia or Iraq, pressing further OPEC+ in its struggle for maintaining crude oil prices. With China pumping more oil locally, its demand for imports becomes more strategic and selective, displacing commercial flows and influencing the global barrel price. In addition, in this way you will have more autonomy to act in commercial tensions without compromising your energy supply. In short, it is sending a clear message: “Each barrel counts.” While the world looks at the Middle East or Texas, the real silent boom is happening in Asia. Image | China News Service and Pexels Xataka | Tariffs are already being charged to their first great victim of the global economy: the price of oil

Tariffs are already being charged to their first great victim of the global economy: the price of oil

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In this tariff war, China He has decided to get back to the United States with tariffs of 84% to all imports. A blunt response of the Asian giant, which has charged its first victim by crossfire: oil. Price drop. The price of barrels is below Los 60 dollars and going down. As He explained Energy expert Javier Blas, the oil market is going through a perfect storm: on the one hand, the fall in global demand as a direct consequence of the tariff war, and on the other hand, The answer a few days ago of the OPEC+ to continue producing more, which causes the offer to continue increasing. If this situation extends, it could evolve towards a real supply shock affecting two giants. The matter is more complex. OPEC+ decided to increase its oil production despite the fall in prices due to tariffs and concerns of a global economic slowdown. The organization I was looking to recover the market share I had lost due to the previous cuts. In addition, the growing production of non -member countries and Failurers of the rules to raise the offer. It will be very expensive. In all this situation, Saudi Arabia is one of the affected giants because in its recent projects it is diversifying its economy with the initiative, Vision 2030. It is betting on an economic model that is disconnected from oil, but It is still your currency To continue financing their mega -structures, such as Neom. As have indicated from Reutersthe fall in prices threatens to cut tens of billions of state dollars, as is already being seen in the stock market of the state oil company, Saudi Aramco. The impact is capital, since Riad can be forced to increase his indebtedness or postpone large infrastructure projects. In fact, according to the same news agency, the International Monetary Fund has estimated that Saudi Arabia needs prices greater than $ 90 per barrel to square its accounts. The other giant. The fall in prices takes with him another great economy ahead: Russia. As He has warned for Reutersthe governor of the Central Bank, Elvira Nabiullina, that the escalation of tariff wars represents a clear risk for Russia due to the fall in crude oil prices. In his words, the continuity of the commercial conflict reduces global trade, slows down the world economy and, consequently, decreases the demand for Russian energy resources. In fact, with the current situation of war, the dependence of Moscow of oil and gas is key, but the data is showing how in March 17% fell and it is expected that in April it will continue to descend. From Moscow. Kremlin spokesman Dmitri Peskov has acknowledged that the oil market is going through an “extremely turbulent” situation, derived from commercial tension caused by the United States. Meanwhile, the price of raw Urals, the Russian referent barrel, is dangerously approaching to the threshold of 50 dollars By barrel, the lowest level in almost two years. As Oilprice has had accessRussian authorities have indicated that a technical fiscal rule will help mitigate the effects on the budget, but oil prices are in free fall. Forecasts. The price of oil can continue down with all the situation that is being experienced: wars, sanctions and territorial instability. All this affects perception Investor risk and without a clear OPEC+ response the price falls without brakes. Image | Javier Colmenero Xataka | For great technological tariffs are an existential threat: their empires depend on the “world system”

The global economy enters an unexplored land

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The commercial war between United States and China He has just reached a new level. The two greatest economic powers of the planet star in a tariff climb that does not give signs of braking. We are facing a scenario that can drag significant effects on the global economy, especially for its direct impact on interconnected supply chains and the stability of financial markets. In less than 24 hours, Donald Trump’s government has decided to carry tariffs on Chinese imports from 54% to 104%in response to Beijing’s refusal to remove its 34%rate. The reaction soon arrived: China announced a new 84% tariff to American products. And when it seemed difficult to go further, Washington has returned to the bet: the US tariff now rises to 125%. He blows China for his refusal to negotiate. “Based on the lack of respect that China has demonstrated towards world markets, therefore the tariff charged to China for the United States of America to 125%, with immediate effect,” Trump said in a publication. The announcement reinforces the political and commercial pressure on Beijing at a time of maximum tension. Now, all eyes are put in the possible response of the Chinese government. Click to see the original message in Truth Social Pause in some reciprocal tariffs. The US president has also announced that he will immediately suspend the highest tariffs for 90 days for dozens of partner countries. It is not clear what nations will benefit from this tariff truce, nor under what criteria will be applied. What has been confirmed is that, even in those cases, the base rate of 10% that entered into force will remain in force last Saturday. Washington’s turn comes at a key moment: dozens of countries were already preparing their response to reciprocal tariffs that entered into force just a few hours ago. Among them, the Member States of the European Union, who approved on Wednesday a package of commercial reprisals against the United States. The measures are planned to be applied on April 15, although in this new scenario it will be necessary to see if that calendar is maintained. In development. Images | Xataka with chatgpt In Xataka | The European car industry has a problem with US tariffs. Your solution is surprising: India

China has responded to the US by putting the global chip industry against the strings. This is your strategy

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Last April 4 The Chinese government formalized its response to the tariffs approved by the administration led by Donald Trump. On April 10 China will impose a 34% tariff To all Imports from the US. The choice of that day is not casual. And is that the tariffs approved by the Donald Trump administration will take effect on April 9. Just a day before. Presumably the Chinese government has chosen to keep a few days of margin in the hope of reaching an agreement with its American counterpart and relax a little tension. However, China’s response to the US does not only happen to establish new tariffs; He has also chosen to suspend the import licenses of products belonging to six US companies, as well as imposing More export controls of some rare earths. This is not at all the first time that the Xi Jinping government decides to pressure the US and its allies establishing limitations to the export of these raw materials. In fact, on December 21, 2023 the Chinese administration decided to restrict export of some of its rare earth processing technologies, shaping a maneuver that seeks to defend their strategic interests in full confrontation with the US and its allies. And at the beginning of December 2024 He chose to prohibit The export of critical minerals to the nation currently governed by Donald Trump. The US is going to run out of the scandio and beaming from China Since last December China does not export to the US three essential chemical elements for the semiconductor industry (Galio, Germanio and Antimony), as well as some materials that are characterized by their extreme hardness, and which, therefore, can be used for military applications. However, in response to the last tariffs approved by the US The Chinese government has decided Include in its list of transition metals subjected to export controls the Scandio and Disposio. China’s export controls will further tension the global supply chains of the chips These chemical elements are probably less known than metals prohibited by China previously, such as Gallium or Germanio, but are at least as important as the latter. In fact, the Xi Jinping administration has chosen them because it is fully aware of the deep impact that these restrictions will have Not only in telecommunications industries and the manufacture of storage devices, which directly affect, but in the entire global supply chain linked to the semiconductor industry. The scandio is usually used in the radiofrequency modules used by smartphones, base stations and Wi-Fi modules, while the Disprosius is involved in the manufacture of reading and writing heads used by hard discs, and also in the manufacture of electric cars. He China Ministry of Commerce It has prohibited the US export of these metals with immediate effect, so Chinese companies can no longer export products containing scandio, disposium, gadolinio, terbio, lutecio, samarium and ititrio. Presumably the export licenses of these critical minerals will only be granted under certain very strict conditions. However, the ban not only conditions the export of finished products containing these metals; also Denies the export of these gross mineralsin the form of metal or as compounds. Some of the companies that will with all likelihood suffer from the new prohibitions of China’s critical minerals are American, such as Broadcom, Qualcomm, Seagate or Western Digital. But there are also Taiwanese and South Korean companies, such as TSMC or Samsung. In the short term it seems that global geopolitical tensions will not love. Image | Skyater More information | China Ministry of Commerce In Xataka | The US will not be able to contain the technological development of China. Experts from the chips industry forecast it

For years we had assumed that global consumption of coal was condemned to go down. Until India appeared

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Although the entire world is looking towards renewables and there are different projects focused on it, many countries still depend on coal. However, this time the country that slows this progression is not China, but a competitor has come out very geographically: India. The demand for coal. The price fixer in Asia He has marked That coal prices have dropped, around $ 100 per ton due to a temperate winter and an excess world supply, levels not seen since May 2021. However, this fall can be temporary, since investment in new production has decreased while demand Keep increasing In countries like India and China, which would cause a rebound in prices and keep coal as a necessary source globally. But wasn’t it reducing? On the one hand, some countries have managed to reduce or eliminate their dependence on this fossil fuel, such as Spain that He advanced his goal to close the coal or the United Kingdom plants that ended the carbon era After 142 years. For its part, Chile has implemented a tax Carbon pioneer, which accelerated its transition to clean energy. On the other hand, shareholders and banks are They have denied to finance projects related to this fossil fuel. However, the demand continues to grow in India and China, since they cannot meet the demand of their populations only with renewable energy. In data. India is the country that is most using coal. In fact, your demand scope The 1.5 billion tons for five years, which represents an annual increase of approximately 3%. India, with a very high demography, is using coal for the electrification of millions of homes, the expansion of the industry and the need to meet an energy demand in constant growth. However, they are closely followed or they are even almost with China. In spite of all Investment in renewable energy, closed last year With a world demand for coal of 8,770 million tons, that is, consuming 30% more than the rest of the world together. Doesn’t India invest in renewables? In recent years, he has invested in solar energy, establishing objectives such as reach 500 GW By 2030. In addition, has launched several projects to promote the development of renewable energy, such as the “National Solar Energy Program”. However, the infrastructure remains insufficient and the intermission of energy generation continues to bring them problems. The dependence of other countries. Not everything falls to India and China, there are other countries that are depending on coal by The need for continuous energy due to data centers and artificial intelligence. However, we will mention more specific cases. The German case that still has to depend on coal plants due to delays in the construction of new gas plants. For their part, Japan and South Korea continue to depend on coal to guarantee a stable energy offer, especially in winter. Finally the case of the United States than with The new energy policies Return to this fossil fuel. Forecasts The International Energy Agency has observed That world demand for coal will increase. Although prices are now low, this will change for the lack of investment and the continuous increase in demand. While China and India continue to burn coal, the problem will not be so much prices but to disrupt global climatic ambitions. Image | Jepoirrier Xataka | In Europe, 2024 marked a turning point: for the first time solar and wind are eating gas and coal

Its large appliances will reach the global market in 2025

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Xiaomi has evolved a lot in the last decade. What began as a smartphones brand today is an ecosystem that covers From vacuum robots to washing machines. However, a good part of their products still does not leave the Asian market, which greatly limits its growth in other regions and leaves many users without access to its most advanced technology. But this is about to change. At least, that’s what has advanced William Lu at the Mobile World Congress. The president of Xiaomi has confirmed at the Technological Fair that is held these days in Barcelona that the company will expand its commitment to the connected home. As part of this strategy, in 2025 they plan to bring their large appliances to the global market. The expansion of the Xiaomi ecosystem continues The announcement has not come with too many details, but there are clues that help us understand what products will cross the borders of China. Three key categories could be seen on the auditorium screens: refrigerators, washing machines and air conditioners. It is not clear what exact models will be available, but everything indicates that these will be the protagonists of this year’s expansion. At the end of last year, for example, the company presented one of its most advanced washing machines to date. Its great attraction was the ability to wash clothes with a minimum water consumption, in addition to incorporating multiple intelligent functions. However, however promising it seems, its availability was limited exclusively to the Chinese market, leaving out European users. It should be noted that, although Xiaomi has announced an expansion that aims to occur as soon as this year, it is not yet clear which countries will be part of this deployment. So there is the doubt of whether their large appliances will reach markets like Spanish or if availability will remain limited to certain regions. We will have to wait to learn more information. What is clear is that Xiaomi has gradually expanded its catalog beyond China, With an avalanche of new products They have reached different markets. This expansion strategy has paid off: at the end of last year, the company already had 861 million devices connected worldwide. Everything indicates that his commitment to strengthen his international presence is very serious. Images | Xiaomi In Xataka | The Xiaomi Su7 Ultra has registered 7,000 reservations in 10 minutes. They planned to sell 10,000 units throughout 2025

Microsoft’s general director’s opinion about AI is unusual. And suspect how much the global economy will grow thanks to it

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Satya Nadella, the general director of Microsoft, has intervened in the Dwarkesh Patel podcast. During Your interesting conversation of something more than an hour and a quarter duration This executive has touched many sticks of hot actuality for its relevance in the world of technology, but in this article we propose to investigate two of them: the artificial intelligence (AI) and the Quantum computers. And Microsoft objectively has much to say in these two disciplines. With regard to quantum computers, Redmond’s have surprised us with the presentation of a new architecture expressly conceived for these machines. Majorana 1 It is the first quantum processor devised to Use the exotic particle Theoretically proposed by the Italian physicist Ettore Majorana almost 90 years ago. Whatever the really important thing is that Nadella argues that it is possible that thanks to this Microsoft technology you can put a quantum computer equipped with millions of cubits and capable of solving a very wide range of problems in just four years. Satya Nadella believes that AI is not being evaluated correctly We are all witnessing the thrilling rhythm of development that is experiencing AI. In fact, during the last two years this technology is monopolizing the attention of the great powersresearch institutions, companies, and, of course, also of users. And nothing seems to indicate that this trend will change. Not at least in the short or medium term. Satya Nadella’s speech defends the importance of AI, but, surprisingly, this executive argues that her evolution is not being evaluated in the proper way. “Thanks to AI it is possible to increase productivity (…) The real reference point is that the global economy grows 10%” “For me it makes no sense to self -proclaim (human beings) that we have reached some milestone in the field of General Artificial Intelligence (AGI for its English denomination). It is only a manipulation of the performance tests that, in my opinion, is meaningless (…) the winners will actually be the industries that Be able to use this technologywhich, by the way, is abundant. Thanks to it it is possible to increase productivity, so the economy grows at a faster rate. The true reference point is that the global economy grows 10%”, SATYA NADELLA has pointed out During his conversation with Dwarkesh Patel. It is worth not overlooking two important points of this statement from the head of Microsoft. On the one hand it is evident that it is moderating the enthusiasm that They have triggered Openai and other companies in the always controversial land of the AGI. And, what if possible is more relevant, proposes a bar to measure the development of the different AF -is being used, and that requires evaluating its direct impact on economic growth. But there is something else. Something very important. And it is that Nadella has suggested, as we have just seen, that AI could trigger a global economic growth of 10%. We will see if the time finally is right, but a priori does not sound at all far -fetched. Image | Microsoft More information | Dwarkesh Podcast In Xataka | 38% of the US experts have formed in China. They are essential to sustain their leadership

European telecos are discouraged before global competition

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The Departure by José María Álvarez-Pallete de Telefónica It marks the end of an era that symbolizes the decline of the sector in Europe. Its mandate ends with a 57% drop in the stock market value of the company since 2016, when it agreed to the position. Of course the problem goes far beyond Telefónica. Why is it important. The European Telecommunications sector has lost 41% of its stock market capitalization between 2015 and 2023, falling to 270,000 million euros. In contrast, American telecos are worth more than 650,000 million. The root of the problem. Europe has 34 mobile network operators and 351 virtual operators for 450 million inhabitants. The United States, with 335 million inhabitants, only has three main and 70 virtual operators. China, for 1.4 billion inhabitants, has four operators and 16 virtual. Proportionally to its populations … Europe has eight times more main operators than the US and 27 times more than China. In virtual operators the difference is even greater: almost four times more than the US and 78 times more than China. Between the lines. European regulation has prioritized low prices and high competition, creating a fragmented and unable sector to compete globally. Meanwhile, the US and China have opted for giants with financial muscle. This dynamic has had consequences: it is expected that the sector only grows 1.7% in 2025. In Spain, 71,000 jobs have been destroyed since 1998, according to appointment Five days. And while the 5G coverage in Europe is 81%, in the US and in China it exceeds 95%, according to The independent. Turning point. He Draghi report Ask to facilitate mergers and end market fragmentation. The new European Competition Commissioner, Teresa Ribera, He said that the rules “will evolve” to allow larger scale. It is a burning nail to which you have to grab. Without a regulatory change that allows consolidation (and perhaps requires greater contribution to large technological ones whose business goes through the use of these networks, A historical demand Of the great telecos), the European Telecos sector will continue to lag in the global race. In Xataka | The discreet engineer: why the great shareholders see in Murtra the manager who needs telephone for his next decade Outstanding image | Telefónica

Its arrival in Spain and the approximate date of its global presentation are confirmed.

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At the end of October last year, the launch of the new Xiaomi 15 and 15 Pro in China. A series that has its loyal followers and in which work continues to take the best possible photography. Already waiting for the next one Xiaomi 15 Ultra whose release date is already known with an international debut. It had recently been reported that its presentation had been postponed. A strange moment, since it would always have been presented shortly after the launch of the first models in the series, such as this time the Xiaomi 15 and 15 Pro. A mobile phone that is of great importance due to the change of direction of the Chinese brand towards more expensive mobile phones and thus moving away from being known as a reference in the medium and low range. Xiaomi’s goal is to be recognized as a premium brand and the Ultra models are achieving their goal, so there is more interest than ever in knowing the details of its next Xiaomi 15 Ultra. Wei Siqi, general director of Xiaomi’s mobile marketing department, said that the mobile will arrive next month of february. She has not been the only executive who has referred to the next Chinese flagship, and Lu Weibing, president of Xiaomi Group, has confirmed that the Xiaomi 15 Ultra will make a global debut. The executive, according ItHomeindicated that Xiaomi’s goal is to sell its new mobile phone simultaneously throughout the world, and according to the leak, the countries mentioned are Turkey, Indonesia, Russia, Taiwan, India and those of the European Economic Area (EEA) among which would be Spain. From the Xiaomi 15 Ultra, according to Xiaomiuisome information has been leaked such as support for eSIM, a chip designed by the Chinese brand itself (in order to improve battery efficiency and help the main one), IP68/69 certification, 90 W fast charging , 6.7-inch screen and another of the important protagonists, the Snapdragon 8 Elite. All this to bring your next smartphone to compete against the next Galaxy S25 Ultra, the iPhone 17 and many other flagship phones that compete every year for the market share of premium range phones that year after year are collecting the interest of a greater number of users. And it is an important moment for the Chinese brand, since 2024 It’s been a great year with sales figures that have placed it as the manufacturer that grew the most compared to last year with a full 12% and obtained a 14% market share; It came quite close to Apple and Samsung to continue establishing itself as one of the most attractive brands both in mobile phones and in its items for the smart home or its electric vehicle.

Global study reaffirms health damage caused by sugary drinks

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According to a study, 2.2 million new cases of type 2 diabetes and 1.2 million new cases of cardiovascular disease worldwide could be linked to consumption of soda, energy drinks, and other sugar-sweetened beverages in 2020. This is what an international research group reports in the magazine Nature Medicine. Sugary drinks: not suitable for quenching thirst A glass of Cola (250 ml) contains almost 27 grams of sugar: this is equivalent to almost 9 sugar cubes. Energy drinks, fruit drinks, and other soft drinks can also be sugar bombs. However, according to the study, more and more people are turning to these drinks, especially in Latin America and Africa. It is known that sugar-sweetened drinks are not good for your health. The German Nutrition Society writes that these are not suitable as thirst-quenching drinks: “They contain a lot of sugar (approximately 80-100 g per liter) and therefore provide a lot of calories.” The research group led by Laura Lara-Castor at Tufts University in the US has now calculated the health consequences of consuming sugary drinks in relation to type 2 diabetes and cardiovascular disease. Lots of advertising in low and middle income countries To do this, the team analyzed data from the Global Dietary Database: this database contains estimates on the consumption of sugary drinks based on nutritional surveys, as well as data on obesity and diabetes rates. The scientists used figures from the years 1990 to 2020 and combined data sets from 184 countries to calculate the probability of a connection between both factors. According to this, in 2020, 2.2 million new cases of type 2 diabetes and 1.2 million new cases of cardiovascular disease worldwide were attributable to sugary drinks. This would represent one in 10 new cases of type 2 diabetes and one in 30 new cases of cardiovascular disease. The study found the highest proportion in sub-Saharan Africa, Latin America and the Caribbean. As for individual countries, Colombia, Mexico and South Africa were particularly affected. According to the study, the more countries develop and incomes increase, the more accessible and desirable sugary drinks become. More thirst for sweet drinks For Germany, the study shows only a slight increase in diabetes deaths per million inhabitants between 1990 and 2020 attributable to the consumption of sugary drinks, compared to other countries. Regarding deaths from cardiovascular diseases, a decrease is even observed, as in the US and Great Britain. According to the researchers’ data, almost 650 milliliters – or two large glasses – of these drinks were consumed weekly in Germany in 2020. This places Germany in the middle of the list of the 30 most populous countries among those studied. However, figures from the Economic Association of Non-Alcoholic Beverages (wafg) for 2023 suggest that soft drink consumption has increased again in the country. Demand for a “soda tax” As the authors themselves write, although their estimates are based on the best available data and educated guesses, they cannot provide evidence of cause and effect. Additionally, data for some countries is incomplete. The research team also emphasizes that sugary drinks are digested quickly and raise blood sugar levels without having nutritional value. Regular consumption leads to weight gain, insulin resistance and various metabolic problems related to type 2 diabetes and heart disease, two of the most common causes of death in the world. Scientists demand, among other things, health campaigns, stricter rules for advertising such drinks and tax measures. A “soft drinks tax” already exists in many countries, including Great Britain since 2018: this applies at the threshold of five grams of sugar per 100 milliliters. Manufacturers must then pay 18 pence (21 cents) per liter, and for 8 grams of sugar or more per 100 milliliters, 24 pence (28 cents) per liter applies. Since then, not only has consumption decreased, but manufacturers have also reduced the sugar content. Also in Germany, consumer advocates and health experts regularly demand such a tax, although so far without success. FEW (dpa, Nature Medicine) Keep reading: * More affordable insulin in New York starting in 2025 * How much fruit can a person with diabetes eat? * 3 Harvard recommendations for diabetics who want to lose weight

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