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Amancio Ortega has built a second brick -based empire. The funniest thing is that Pontegadea hates to do works

September 12, 2025 by usatoday24

Amancio Ortega founded one of the world’s largest textile multinationals: Inditex. The Dividends of this empireits founder has created Pontegadea: a International Real Empire with assets valued at more than 20,000 million dollars. However, according to The published by Digital economyin recent months the real estate arm of the Spanish millionaire has carried out two very unusual operations: sell two buildings. A rental -based strategy. Pontegadea has become the Major Inmobiliaria de España for the value of its assets. Its portfolio has been built by investing the annual dividends that Amancio Ortega receives for his inditex actions, which gives him a strategic advantage with respect to his competence because every year he receives a millmillionaire injection of capital to invest without issuing debt. The buildings that has been buying Amancio Ortega’s investment arm have a very diverse use: high -end apartments, strategic commercial premises, office buildings, hotels, Logistic centersetc. However, they all have something in common: solvent tenants who already pay their income even before Amancio is interested in it. That is, unlike other real estate companies, the Pontegadea business is not the sale of real estate, but the Purchase and long -term rental of its properties. It is not usual to sell. The Amancio Ortega real estate business has surprised in recent months with an unusual decision. However, Pontegadea has chosen to get rid of two outstanding buildings in just under six months. The objective of these divestments has been to avoid expensive Reform works that the properties required. One of the properties was actually divided into two buildings, and was used, for more than 20 years and until the end of 2024, as one of the headquarters of the Bank of France in Paris. The offices occupied an area of 6,724 square meters, but after the exit of the banking entity it needed a deep reform. That has made the investment group choose it for an amount of 80 million and recover the surplus value. The key: ensure profitability, minimize expenses. More paradoxical is the Sale of the second asset. It is an office building of 15 plants in Manhattan that has recently been put up for sale for the same reason as Paris: I needed A deep rehabilitation Before rented again. However, in this case the sale has been announced for a price of 50 million dollars, which represents 57% less of the 115.5 million dollars that the investment fund paid in 2006 for the property. The sale of these two buildings responds to a strategy mainly oriented to maximize profitability by obtaining an immediate investment return through rentals, avoiding large update expenses in old real estate. Pontegadea usually operates under the principle of maintaining almost the entire portfolio occupied with Tenants of maximum solvency. Assets sales, especially those that imply a devaluation of their purchase price, are very anecdotal. The expansion does not stop. Despite these sales, Pontegadea investments have not stopped in recent months. Among the latest acquisitions, the purchase of an offices building in Paris, which will go to house the group’s offices in the neighboring country, and reinforces its presence in Europe. In addition, Pontegadea He bought recently A 163 -room hotel in Amsterdam for 85 million euros, and a logistics distribution center in the nearby city of Hofddorp for about 145 million euros. In Xataka | Amancio Ortega: the billionaire who lives as one more neighbor. Except for private jets and superyates Image | Gtres, Flickr (Daquella way)

He needs it, although he hates a foreign company

August 22, 2025 by usatoday24

The US and TSMC have had a love-hate relationship for years. For this Taiwanese semiconductor manufacturer, The Major on the Planetthe country led by Donald Trump is very important because A good part of his best clients is American. Nvidia, Apple, AMD, Broadcom or Qualcomm, among other companies, get the chips they design in TSMC’s lithographic nodes. However, this currency has a second face. And it is currently the USA cannot do without TSMC. Intel is American, and It has advanced lithography nodesbut the competitiveness of his Taiwanese rival is difficult to match. TSMC has cemented its leadership on the tuning of a range of Very advanced high integration technologiesand, at the same time, on a colossal production capacity that is only possible reaching a very high wafer performance. The US government knows very well the strength of this company. And also how important it is for US companies that I have mentioned in the previous paragraph. Whatever TSMC is from Taiwan. And this Pedigrí plays against him. Donald Trump has “attacked” verbally on several occasions. In fact, the current US president He made this statement At the end of last January: “In the very close future we will impose tariffs on foreign production of computer chips, semiconductors and pharmaceutical products to return the manufacture of these essential goods to the US (…) went to Taiwan; now we want them to return. We do not want to give them billions of dollars in the ridiculous Biden program. They already have thousands of dollars.” The best TSMC defense against the Trump administration is tip technology The express mention to Taiwan made by the US president was a very clear allusion to TSMC. On this Asian island there are other semiconductor manufacturers, such as UMC (United Microelectronics Corporation) or PSMC (Powerchip semiconductor manufacturing corporation), but its relevance in the chips market is much lower than that of the company currently leads CC Wei. TSMC dominates the integrated circuit market with A quota of approximately 60%so your leadership in the chip manufacturing industry is indisputable. Do what you do in the future, the Trump administration will hardly take off TSMC off guard Do what you do in the future, the Trump administration will hardly take off TSMC. This company has been outlining its strategy for more than four years to extend its semiconductor manufacturing infrastructure Beyond Taiwan’s borders. And he is doing it for two reasons. On the one hand it is an effective way to protect your business if at any time it is triggered A war conflict between China and Taiwanand their plants on the island were useless. And, in addition, TSMC is significantly developing its infrastructure in the US to protect your business in the US market. However, this is not all. The newspaper Taiwan Economic Daily He has published a report in which he ensures that TSMC plans to tune up a cutting -edge semiconductor plant that will be expressly designed to produce 1 Nm chips. It will be housed in the Taiwanese town of Tainan, and will be called ‘Fab 25’. He will work with 12 -inch wafers, will have six production lines and start large -scale manufacturing in 2030. It may seem that there is still a long time left, but it is not so. Building a state -of -the -art chips factory usually requires at least three years. And then TSMC engineers will have to purify and optimize Your 1 nm production nodes. We will see if this company finally fulfills its purpose, but there is no doubt about one thing: the most effective protection against the measures that the administration led by Donald Trump approves in the future is having the best technology in the semiconductor industry. Image | TSMC | Gage Skidmore More information | Digitimes Asia In Xataka | Intel was about to snatch Apple as a client from TSMC. Having achieved its story would be another

There was a day when getting on a plane was beautiful, comfortable and aspirational. Today most already hates it

June 19, 2025 by usatoday24

Flying is fascinating. Or it was. Get on the plane, look for the seat and check with illusion that it has a window. A slight tingling when the route starts towards the track. The tremendous push against the seat at the time of accelerating. The incoherent feeling of ungravation when gaining height and we feel pressured against the bottom of the seat. The notice that we can take off our belt and yes, make sure that, mysteriously, we are flying. A formidable trip. I remember my first plane trip. With illusion, with nervousness. But everything changes when, due to the circumstances of life, the plane ceases to be something exceptional and becomes a more or less usual means of transport. Or when you arrive at the airport and check the huge tail with horror to pass a police control that, fortunately, It should be simplified very soon. Or when you discover that you measure more than 1.70 meters and enter the seat becomes an exercise in contortionism. Or when your look visualizes in the poster that the flight is delayed. Or when that little bridge getaway falls apart by an unforeseen cancellation. Or when you reach the destination and you have the keys and wallet at hand, but the suitcase has been lost along the way. Or when … A blow of reality. We have gone from seeing the plane as a luxury transport and associating it with an attractive and unique experience to pray because nothing happens if we have to take one. In 1951, Iberia flew for the first time to New York. On its website We can read how “a select chefs group prepared each meal, poured syrup on the cakes and prepared the trays that would then serve passengers aboard the Iberia airplanes.” There was no trace of huge queues before climbing the plane, from the distinction of passengers in four groups, “that suitcase does not enter” because it measures two and a half centimeters more than expected or charging significant amounts for choosing a seat. In the 50s in Iberia, “only the plane receives more attention than you.” They are not just sensations. It is not only a matter of sensations. Passengers begin to be really fed up with companies’s practices. In Financial Times They give as an example an American passenger who travels regularly with Southwest Airlines. In his five annual trips to the same destination he lived delays, cancellations for various reasons and even loss of the suitcase. It is not an isolated case. For the first time in more than a decade, the negative perception of flights exceeds the positive. In the United States, the fourth part of the 2022 flights were delayed or canceled and only in October the United States Department of Transportation registered 3,000 complaints of users, five times more than in 2019. Two hours. And 10,800 canceled flights. This was the result of a problem in the software of the Federal Aviation Administration of the United States that forced to leave on land all the air paths of the country for a couple of hours. 120 minutes that, as proven, wreaked havoc in the country with greater air traffic of the world. It is calculated which in 2019 traveled 925,500,000 passengers. With data from 2022, the United States is the country that has the most airports in the world. Its enormous distances and the absence of any type of commitment to the train as an alternative medium has caused that last year it will be counted until 16,890 airports. The second country is Brazil, with 4,093. The most recent data in Spain are from 2013, but then added only 150 facilities of this type. A funnel. One of the problems that indicate in the Financial Times article is the lack of workers. Coronavirus pandemia had cleaned, more or lessthe sky of airplanes. The increase in remote meetings caused many companies to ensure Bloomberg That the business trips had ended. But nothing is further from reality. Withdrawal restrictions, The number of trips has firmed again. While Airbus and Boeing thousands of millions are distributed in aircraft purchases, Pilots are missing. Many. In the United States alone, 8,000 new employees are necessary. By 2032 a world scarcity is expected of up to 32,000 pilots. And not just pilots. But pilot scarcity is not the only one that is causing delays, cancellations and generalized discomfort in travelers. In our country we know that traveling on vacation is synonymous with risk. The strikes of land workers, cabin staff and pilots have become generalized in summer and Christmas. The workers of the airlines generally denounce too much work at work for a lack of employees that crawls from the toughest months of the confinements by the COVID-19. It is estimated that those days said goodbye to 191,000 workers in airports and airlines. Photo | Carlos Coronado In Xataka | We have been binding to the suitcases to identify them at the airport for years. Your employees warn that it is a bad idea In Xataka | Naples Airport has rejected a Boeing 787 with 200 passengers on board for a single reason: two meters long

The US has decided to leave paper straws because everyone hates them. The problem is the alternative: plastic

February 12, 2025 by usatoday24

Between him merchandising Maga with whom he dressed his bankrupt 2020 attempt For returning to the White House, Donald Trump included a much less resulting piece than his famous red caps, but endowed with the same political burden: plastic straws. The cannulas carried their last name in capital letters, were sold in packages of $ 15 and were, in the words of the Republican leader, the alternative to the “Liberal straws” of paper. They did not serve to win those elections, but to raise thousands of dollars. Now, back at the White House, He has decided that the whole government also begins to use plastic cannulas instead of biodegradables. And as happened in 2020, with it he launches a message that goes beyond the straws. What happened? Donald Trump doesn’t want more straws. Rather, he doesn’t want more paper straws. That’s why He has just signed An executive order with which he reverses the efforts of the administration of his predecessor, Joe Biden, who advanced right in the opposite direction. The Democrat aspired that federal institutions be disregarding plastic cannulas throughout The next few yearsfirst taking them out of their activities in 2027 and then suppressing them until they reduce them to zero in 2035. Why’s that? Simple. Because Trump doesn’t like them. He made it clear already during his failed electoral campaign of 2020 and has stressed again these days, in a resounding way and without half inks, faithful to his style. “These things do not work, I have had them many times, and sometimes they break, they explode. If something is hot, they do not last long, a matter of minutes, sometimes second. It is something ridiculous,” He settled. The republican argument does not end there. Trump has insisted that the attached straws that have been promoting as the ecological alternative to the traditional plastic are dissolved for years “disgustingly” in the mouth and even questions that its use is positive. For both consumers and the environment. Its decree in fact that they incorporate chemicals that “can entail risks to human health”, their production is more expensive than the conventional alternative and also generate waste. “Paper strases are sometimes involved individually in plastic, which undermines the environmental argument in favor of its use,” emphasize. Goodbye to biodegradable straws? Not quite. Trump’s decision is relevant and there are those who have seen in it A declaration of intentionssomething that goes far beyond the simple cannulas. The Executive Order declares that “US’s policy is to put an end to the use of paper straws”, but at the moment its scope is limited: it focuses on the federal administration, putting an end to The Biden era policy that sought that the federal government gradually eliminate the purchase of plastics from a single use. The regulatory framework around the straws is really something more complex. There are cities and states, including California, Oregon, New Jersey or Seattle, in Washington’s own territory, endowed with regulations that limit the use of plastic cannulas or prioritize biodegradable options. Trump’s goal is clear, in any case. Before journalists, he shared transparently what his bet is: “We will return to plastic straws.” Do paper straws work? Trump ensures that its use leads to “ridiculous” situations and even that they are “disgusting” in certain cases. Those are personal, subjective appreciations. What can be affirmed objectively is that science has demonstrated that biodegradable cannulas are far from being perfect and – beyond that they may or may not be softened while using some problems related to their materials. In 2023 a group of researchers published A study in which they exposed their conclusions after analyzing 39 brands of straws of different materials, from plastic or paper to glass, steel and bamboo. And his conclusion was that the biodegradable cardboard were the ones that contained the highest volume of PFAS. That is a problem because these synthetic substances are harmful to humans and the environment. Of a total of 20 paper cannulas brands, 18 showed PFAS. Why is it a problem? It He expressed clearly Two years ago at SMC Marieta Fernández, a professor at the University of Granada, precisely following that study. “The majority of paper analyzed (90%) contained pfas. They were also detected in 80% of bamboo, 75% of plastic and 40% of glass. The steel analyzed, “summarized the academic. Fernández recalls that PFAS are commonly used for non -stick purposes and to improve the resistance of water, heat or spots, so “it is not surprising” to find them in the cannulas. The problem, abundantis that their presence in paper and bamboo straws would question that they are really “biodegradable.” And what is so or even more serious: it question that they are really “suitable for human consumption” products. Better plastic? Paper strases may not be perfect, but those of plastic are also very far from being, no matter how much Trump likes them, confessed lover of sugary and gas sodas. As Remember Fernándezthe study of 2023 also detected PFAS in the plastic units. And while its percentage was lower than in cardboard versions, the result remained elevated: chemicals were detected in 75% of the samples. His big problem is nevertheless another: the impact they have on the environment. The data does not always coincide, but they usually show a worrying scenario. There are estimates that speak that in the US they are used a day 175 million of disposable straws, Straws Turtle Island Restoraction Newtory raises the data to More than 390 million And another calculation –so cited as disputed– points out that in the country each day more than 500 million of cannulas. And what does that mean? Let any of those figures or Another estimatethe truth is that we talk about a quantity of huge straws: hundreds of thousands daily, in the best case, which take only a few minutes to become garbage. The big question is … What to do with them when they are discarded? Do they all end up in the … Read more

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