record

Ouigo has presented record numbers (and profits) in Spain. Renfe’s response is clear: they do not believe it

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“Renfe is today the only high-speed operator in Spain that manages to close the year with profits, while the rest of the companies in the sector continue in the red” The phrase is clear and the content clear: Renfe continues to be considered the only company in Spain that presents benefits in high speed. We could consider the statement valid but it has only been a few days since Ouigo put another piece of information on the table. “For the first time,” they noted in the presentation of their results that the company “managed to generate positive EBITDA for the first time.” And yet, both may be right even if the data seems contradictory. A fight that doesn’t stop From March 15, 2021the Spanish railway sector lives two realities. The first is that Ouigo operates on Spanish railways, standing up to Renfe. The second reality is that both companies maintain an open war in an exchange of statements that does not seem to end. Although a low profile was maintained in the first two years, in 2024 the Government arrived to support Renfe in a fight that they consider unequal. Then, Óscar Puente, Minister of Transportation, already stated that Ouigo operated through unfair competition. According to the Government and Renfe, Ouigo can offer lower prices than them because it is supported by France from the other side of the border. Months later, Puente raised the bar and said that I would report the French to the European Commission for unfair competition. Then it was pointed out that Ouigo was operating in Spain because it was losing money. But, in addition, France would be torpedoing its arrival to new lines in the country that could confront them in the local market. That is to say, Spain had ended up opening doors that France closed to them. Since then, we have not had news of the complaint but it is certain that Ouigo and Renfe maintain an open battle that has presented us with various chapters. We have seen disputes over prices but also over the type of repairs Ouigo was doing in the Renfe workshops (Renfe has to offer them its space but considered that these exceeded the current permits) or statements from the French making it clear that for the particularities of high speed spanish It would be impossible for them to compete in Madrid-Galicia. The last battle of this war has to do with the financial results. January 26, 2026the SCNF group, owner of Ouigo, presented a press release in which it boasted that it had achieved a 44% increase in passengers on its Spanish trains. And, in addition, he pointed out that for the first time they achieved a positive EBITDA. This has been read as if, for the first time, the French company was making profits in our country, although the truth is that the accounts were not detailed and only that financial term is pointed out. The point is that the EBITDA It refers to the operating income of the business and certain expenses but does not take into account taxes on profits, financial expenses such as interest on loans or amortizations. At the moment, Ouigo has not provided these data, but we do know that the companies that operate in our country at high speed they were losing money. This has been a constant since the arrival of Ouigo and Iryo and, in fact, both have had to receive new investments to be able to face the losses that have come upon them in the last four years. This difference between the EBITDA and the net result is what Renfe uses to proclaim itself as the only company that operates on Spanish high speed and making profits. “At the end of 2025, the Renfe division dedicated to passenger transport obtained a net profit of 70.2 million eurosa figure clearly higher than the previous year (5.4 million)”, points out in his statement. Therefore, both companies are right, neither is lying. But none of them tell the whole truth. And Ouigo, everything indicates, will continue to give net losses this year but it is true that it has years left to amortize the investment it had to make to bring its trains to Spain. Collecting a positive EBITDA is a good sign because it indicates that you are moving towards profitability but you will not be able to obtain it until you meet the interest on the requested loans and the amortizations. Renfe, on the contrary, with a consolidated network in Spain and the experience of working in the field since before becoming a company with private capital, has a clear advantage over rivals. It is true that, as Transport Minister Óscar Puente has complainedis also obliged to provide a public service that does not always have to be profitable. Photo | Wayback Machine and Cheng-en Cheng In Xataka | The overwhelming success of the train in Spain: when they gave us a choice, we chose to flee the airports

Japan’s problem is not that it is stopping having babies at a record speed. It’s just that he did it 17 years earlier than he should have.

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If there is a way out of demographic pitJapan still hasn’t found it. And not for lack of effort. Although all your effortsof the imagination and million-dollar investment that has been allocated to birth policies, its balance of births continues to be disastrous. The last one has just been published by the Government and shows that in 2025 they were born in Japan 15,179 fewer babies than in 2024. It is the tenth consecutive year of decline, a new historical low and above all a scenario in which Japan did not expect to find itself until 2042. The question is: Is Tokyo willing to cover this birth rate disaster with a greater migratory flow, the demographic table that keeps afloat other countries? What has happened? that Japan has received a hard bath of demographic reality, something that is beginning to be common. The Ministry of Health has just published the birth rate for 2025, a document that leaves little room for optimism. Throughout last year, 705,809 babies were born in the country, a bad figure no matter how you look at it. It represents the lowest record since statistics began to be compiled in 1899, and above all it confirms that the birth rate has been declining for ten consecutive years… with no prospect of improvement. In annual terms, these 705,809 births represent a decrease of 2.1% compared to 2024. If we look further back, to the last decade, the drop is around 30%. The only good news is that the data improves (slightly) some forecasts launched by the Japanese press a few months ago and that the speed at which the birth rate falls seems to be slowing down little by little. At least it is lower than that of the 2022-2024 period, when it exceeded 5% annually. Is it that bad news? Yes. For several reasons. The main one is that the Japanese demographic crisis is worsening much faster than the Government believed, which years ago prepared for a pessimistic scenario. In 2023 the National Population and Security Research Institute and Social Security (IPSS) published a report in which it calculated that the number of annual births would not decrease to 700,000 until 2042. The reality is that the country has already moved within that range in 2025, 17 years than expected. What’s more, the IPSS estimated that 774,000 babies would be born in 2025. The actual data that we know today (705,809) is closer to its most pessimistic projection (681,000). Why is it a problem? Because Japan is proving that, despite its multiple attempts, it has not managed to close its demographic gap. It is not just that their birth rate is falling, it is that vegetative growth (difference between births and deaths) gives clear alarm signals. Although the deaths have decreased by 0.8%the Japanese population shrank by 899,845 people last year. Media like Nikkei either The Japan Times In recent hours, they have published analyzes that warn of the gradual aging of the country and (above all) the pressure it puts on its social security system and pensions. There will be something positive, right? More or less. The statistics leave some positive readings or that show possible paths to follow, although with nuances. For example, in 2025 marriages increased slightly compared to the previous year (1.1%) to reach 505,656. The question is whether this rebound is the result of the hangover from the pandemic, when many couples postponed their weddings. Another curious fact is that there are territories that seem to have hit the right demographic key: in Tokyo the births increased by about 1.3% last year, reaching 88,518, and it is estimated that its metropolitan area accounts for almost a third (30%) of all births registered in the country. What is the solution? The big question. The difficult thing is to answer it. Japan has tried with economic and labor incentives, programs for pair…Everything to boost your birth rate, a goal to which you have dedicated millions and millions. It has been of little use to him. There are those who believe that in this scenario a possible salvation is to rethink the national immigration policy. “Refusing to accept an adequate flow of migrants is not only ignoring economic reality, but giving up on our collective future,” pointed recently to The World Akito Tanaka, from the Migrant Solidarity Network. “Policies that are increasingly limiting the entry of foreign workers are exacerbating precisely this problem,” Tanaka insists.who warns that Japan faces “an unprecedented demographic crossroads.” The latest data from the Ministry of Health actually leaves an interesting idea: the 705,809 babies registered in Japan in 2025 not only correspond to births to parents of Japanese origin, but also include foreigners. What is Tokyo’s position? It does not seem very willing to bet on foreigners to revive its population. In fact just yesterday transcended that Japan’s immigration agency has tightened the guidelines that applicants for permanent residence must comply with. In practice the changes make it more difficult meet the requirements to obtain the visa, for which it is key to demonstrate good conduct and financial self-sufficiency, among other conditions. It’s not exactly new. It has been known for months that the government of the conservative Sanae Takaichi was planning double the time minimum stay that foreigners must remain in Japan to qualify for citizenship. Can it change? In the midst of an avalanche of international tourism (which has generated multiple tensions between foreign visitors and the native population) the presence of foreigners has become a relevant issue in Japanese politics. In fact, after taking the reins of the Government, Takaichi did not take long to promote an immigration policy that revolves around regulations with an eloquent name: “Law for a society of orderly coexistence with foreigners.” His last results at the polls They show that their position does not upset the electorate. Image | Andrew Leu (Unsplash) In Xataka | If Korea believes it is experiencing a demographic crisis, it is because it does not … Read more

They already add 30,000 in just three months and at a time of record profits

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Amazon has confirmed the layoff of 16,000 workers worldwide, just three months after announcing the elimination of 14,000 positions. The company communicate the cuts as part of a plan to “eliminate bureaucracy” and streamline its organizational structure. The interesting thing is that the announcement comes at a time of record profits. Why it is important. This is the second large wave of layoffs at Amazon in just one quarter, bringing the positions eliminated to around 30,000. The figure becomes more relevant if we consider that next week Amazon will present its financial report, where Wall Street analysts expect revenues of more than $211 billion and profits of more than $21 billion, according to inform The New York Times. Cuts especially in the United States. The layoffs primarily affect Amazon corporate employees, who make up about 350,000 of the company’s 1.5 million total global workers. According to account BBC, most of the cuts will be concentrated in the United States, although some positions in the United Kingdom could also be affected. In the October wave, more than 1,500 positions were eliminated in California alone, most of them software engineers. How to the workers have found out. He official announcement It has arrived after an error. According to explains BBC, On Tuesday night, Amazon Web Services (AWS) workers received a calendar invite to a meeting the next day. A draft message signed by Colleen Aubrey, senior vice president of applied AI solutions at AWS, mistakenly appeared in that invitation, detailing the layoffs under the codename “Project Dawn” (Dawn is the name Amazon uses internally to refer to the layoffs). The message was quickly deleted, but the media had already covered it. It was hours later when Amazon published the official statement. Restructuring. Beth Galetti, senior vice president of people experience and technology at Amazon, wrote in the official post that the changes seek to “strengthen the organization by reducing layers, increasing ownership and eliminating bureaucracy.” He added that they do not plan to establish “a new pace” of reductions every few months, although he left the door open, adding that each team will continue to evaluate its structure “as appropriate,” especially “in a world that changes faster than ever.” Where the money goes. As Amazon cuts tens of thousands of corporate jobs, it is investing massive amounts in another direction: artificial intelligence. According to the NYTthe company spent $125 billion on new data centers and other capital investments last year, primarily to compete in the AI ​​race. Amazon CEO Andy Jassy already warned last summer to corporate employees that artificial intelligence would mean that, over time, the company would operate with fewer such workers. Contradictions. In autumn, Jassy told investors that the layoffs had less to do with AI or finance and more to do with reducing bureaucratic layers. However, according to point NYT, reductions in several divisions were based on specific goals to cut operating costs. All this while in the quarter from July to September, sales reached 180,000 million dollars and profits exceeded 21,000 million. Yocollateral impact. On the other hand, just before Amazon’s announcement, UPS also has communicated which plans to eliminate up to 30,000 jobs this year. Guardian share that UPS has been working to reduce the millions of low-value deliveries it makes for Amazon, since although it is its main customer, this large volume of shipments provides “little benefit”, referring to the fact that they are cheap packages that represent a high operating cost for the company. What happens to those affected? Just like share company, laid-off employees in the United States will have 90 days to look for an internal position at Amazon before permanently leaving the company, although the period varies by country. Those who do not find or seek a new position will receive compensation, outplacement services, and health insurance benefits. Cover image | Israel Andrade In Xataka | Something has broken between Europe and the US: France leaving Zoom behind and Teams in its administration points to something bigger

Their fortunes set a new record, growing by 2.2 billion dollars

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While millions of workers suffered massive layoffs, budget cuts and uncertain tariffs of the Trump administration, the 500 largest fortunes on the planet added a new record, adding 2.2 trillion dollars to their combined wealth, which already rises to 11.9 trillion dollars. However, even in this bullish context, there are figures in which this growth has been especially striking. The most notable, of course, the growth of the fortune of the richest person in the world. His assets have increased by no less than $358 billion in just 12 months. Record growth. He Bloomberg Millionaires Index recorded the largest annual increase in wealth in history for the 500 largest fortunes in the world. No less than 2.2 trillion dollars in 2025. If we look for someone responsible for this meteoric growth, we find some important clues in the profitability of the S&P 500 index, which has reached 17% thanks to the behavior of the 7 Magnificentas well as in the gold revaluation and other raw materials. Precisely the good stock market performance of the Big Tech It is responsible for the fact that 23% of those profits were concentrated in only eight individuals who, (oh, coincidence) are its founders or main directors. As and how they point from Bloombergthe total assets of those 500 largest fortunes in the world reached $11.9 trillion in 2025, surpassing any previous record. Millionaires among millionaires. But when it comes to naming names, Elon Musk is one of the most notable. The CEO of Tesla far led the level of profits, surpassing for the first time the ceiling of 600 billion dollars thanks to SpaceX valuation before its IPO. His fortune went from 421.2 billion in January up to the 788.1 billion dollars that are currently attributed to it. That implies an increase of 87.1% in his assets in just one year. On the other hand, Larry Ellison added 57.7 billion to his fortune for the role of Oracle in the development of AI, leaving its founder with a fortune of $231 billion. For its part, the evolution of other regular millionaires in the Top 10 with the highest fortunes, such as Jeff Bezos, Larry Page and Mark Zuckerberg, linked their increase in wealth to the performance of their companies on the stock market. Larry Page and his founding partner of Google, Sergei Brin, they escalated quickly in the heat of the last Gemini trading moveswhile Amazon and Goal suffered to stay in the mix.​ Impact on billionaires. Beyond the increase in assets of the ultra-rich participants in the race for AI, the wealth boom among billionaires has been a global phenomenon, registering growth of more than 16% in 2025, three times the average of the last five years, as noted the report from Oxfam Intermón. This jump, quantified at about 2.5 trillion dollars, is equivalent to the assets of 4.1 billion people, the poorest half of the planet. On the other hand, the report focuses on the increase in the number of billionaires, that is, those people with assets greater than 1,000 million dollars. For the first time, there were more than 3,000 billionaires in the world, which is further proof of the trend towards the concentration of resources in a few hands. Wealth in Spain. 2025 was also a year of growth for millionaires in Spain. In fact, for the first time there is 32 billionaires in Spainmostly men and with an average of age over 80 years. In 2024, this select club only had 27 members. Their combined wealth is estimated at 197.5 billion euros, the maximum recorded. This record represents an increase of 28.3 billion compared to 2024, which implies a real growth of 13.6%, more than four times the forecast for the national economy of 2.9%.​ However, there is one figure that accounts for a good part of that total amount: Amancio Ortegawith a fortune estimated at more than $142.6 billion. “This means that Spanish billionaires earned on average more than 77 million euros a day,” indicate the authors of the report from Oxfam Intermón. In Xataka | The emir of Qatar travels in a private jet so big it helped upgrade Sardinia airport Image | Flickr (Oracle, Gage Skidmore), GTRES

The Xiaomi electric car that beat Tesla in sales has been renewed. And he has shattered a resistance record along the way

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Xiaomi’s Xiaomi SU7 has broken a world endurance record and has become the first electric sedan in the world capable of traveling 4,264 kilometers in 24 hours. The previous record was held by another Chinese company. the car. The Xiaomi SU7 renewed just a few weeks ago not only some aesthetic touches: now the engine is the V6s Plus, the same one fitted to the Xiaomi YU7 with the promise of achieving 902km (under CLTC cycle) on a single charge and 670 kilometers of autonomy in 15 minutes. The test. The Chinese brand has just announced that the Xiaomi SU7 Max has just broken a record that until now was held by Xpeng’s P7. 4264 kilometers traveled in 24 hours, within a closed circuit. Why is it important. First of all, this number is the immediate translation of what Xiaomi has achieved with its affordable sedan: shattering the endurance record for electric vehicles. A milestone that places it far above the Xpeng P7. Bringing the circuit test to the practical world, the record comes close to the new SU7 going on sale in China. Xiaomi wants to make it clear that its car is capable of withstanding limits well above those that no user will expose it to on the street. How has he achieved it. For much of the test, the SU7 Max maintained a constant speed of 240 km/h, with a maximum of 265 km/h along CATARC, a 7.8 kilometer oval track. The only stops made were to recharge the vehicle. The engine of this updated SU7 mounts a 101.7 kWH NMC battery, capable of recovering 670 km of autonomy (according to the Chinese CLTC cycle) in just 15 minutes. A V6s Plus engine capable of rotating at 22,000 rpm and extracting a maximum power of 681 HP. Sales success. Xiaomi’s SU7 is an unprecedented success. Being the first car manufactured by the company, it has achieved sell more than the Tesla Model 3, outperform rivals in specifications like him Taycan Turbo in its Ultra version. Still, the company is losing money. 800 million dollars. Ironic as it may seem, Xiaomi lost close to a billion dollars in the first year manufacturing the SU7. The company has placed more than 350,000 cars on the market since the launch of the SU7 but… Between 2021 and 2025, it spent 3.3 billion on the development of both the car and its ecosystem. The figure increased to 4.2 billion in research in 2025. Figures that, as astronomical as they may seem, do not represent a major problem for a company that aspires to become the largest manufacturer of electric cars in the world, above Tesla. Image | Xiaomi In Xataka | Xiaomi’s electric car heads to Europe: the global launch will take place in 2027

when Albacete set the record for a capital at -24ºC

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Europe has started 2026 with cold. Very cold. But even the icy winds that have hit part of the continent and the peninsula these days, sinking the thermometer below 15 ºC, they pale when compared to what Castilla-La Mancha experienced in the early stages of 1971. That year left a meteorological curiosity in Albacete, a record that has remained unbeatable since then in the historical records of the Aemet: the coldest temperature ever remembered in a provincial capital, neither more nor less than -24 degrees. The most curious thing is that not even that value (more typical of other Siberian latitudes) marks the record of cold registered by the agency in Spain. “Extreme values”. The Aemet not only helps us know the weather in the ‘future’, to know if this week it is going to rain or be sunny, we should dust off the winter scarves and gloves or we can give the anoraks a break. The agency also allows us to know what the weather was like in our cities 10, 30, 50 years ago… even more, almost a century ago, something that is possible thanks to its series of “absolute extreme values”. The service (available online) details the record measurements associated with each weather station since 1920. What does that mean? That we can know the record values ​​of rain, temperatures, snowfall or gusts of wind captured by each of the stations managed by Aemet in the 50 provinces of Spain, in addition to the cities of Ceuta and Melilla. Their data must be handled with some caution (especially in comparisons) because they are subject to important handicaps. Aemet does not clarify, for example, whether all the sensors have been operational for the same amount of time or how long each one has been working. Another key fact is that within the same region (or even locality) there may be thermal differences or significant rainfall. It all depends on where the sensor is installed. A station located in a port area may collect very different values ​​than another located within the same municipal area but in the heart of the urban area or in a higher area, such as an airport. In fact, it is not strange that Aemet has sensors that collect information near the terminals. provincial capital lowest temperature Date Madrid -15.2ºC 01/16/1945 Barcelona -10ºC 02/11/1956 Valencia -7.2ºC 02/11/1956 Saragossa -11.4ºC 02/05/1963 Seville -5.5ºC 02/12/1956 Malaga -3.8ºC 02/04/1954 Murcia -7.5ºC 01/16/1985 Palma de Mallorca -10ºC 02/12/1956 Las Palmas de Gran Canaria 6.5ºC 03/27/1954 Alicante -4.6ºC 02/12/1956 Bilbao -8.6ºC 02/03/1963 Cordova -8.2ºC 01/28/2005 Valladolid -18.8ºC 01/03/1971 Victoria -21ºC 12/25/1962 To Coruña -4.8ºC 01/07/1985 Grenade -14.2ºC 01/16/1987 Oviedo -6ºC 01/07/1985 Santa Cruz de Tenerife 8.1ºC 02/22/1926 Pamplona -16.2ºC 01/12/1985 Almeria 0.1ºC 01/27/2005 San Sebastian -12.1ºC 02/03/1956 Burgos -22ºC 01/03/1971 Albacete -24ºC 01/03/1971 Santander -5.4ºC 01/21/1957 Castellón de la Plana -7.3ºC 02/11/1956 Logrono -11.6ºC 12/25/1962 Badajoz -7.2ºC 01/28/2005 Salamanca -20ºC 02/05/1963 Huelva -5.8ºC 02/17/1938 Lleida -15.4ºC 01/02/1971 Tarragona (Reus Airport) -8ºC 02/11/1983 Lion -17.4ºC 01/13/1945 Jaen -8ºC 02/11/1956 Cadiz -1ºC 02/11/1956 Ourense -8.6ºC 12/25/2001 Girona -13ºC 01/09/1985 Lugo -10ºC 12/23/2005 Caceres -5.8ºC 02/11/1956 Guadalaraja -11ºC 01/28/1952 Melilla 0.4ºC 01/27/2005 Toledo -14.4ºC 01/18/1945 Ceuta -0.4ºC 01/05/1941 Pontevedra -5.5ºC 12/10/1922 Palencia -14.8ºC 01/04/1971 Royal City -13.8ºC 01/03/1971 zamora -13.4ºC 01/03/1972 Avila -16ºC 01/15/1985 Huesca -13.2ºC 02/12/1956 Basin -17.8ºC 01/03/1971 Segovia -17ºC 01/06/1938 Soria -15ºC 12/17/1963 Teruel -21ºC 01/12/2021 One piece of information: -24ºC. Taking into account the above, the historical record of the Aemet leaves a curious fact, one that I remembered recently in X Vicente Aupí, popularizer and astrophotographer: on January 3, 1971 Albacete the thermometers dropped neither more nor less than -24º. The data was obtained at the air base and is interesting for several reasons. Not only is it the lowest value recorded in the city since records began, it is also the coldest confirmed in a provincial capital. Freezer records. The next lowest value among the provincial capitals was experienced by Burgos that same day (January 3, 1971), when the mercury dropped to -22. Vitoria and Teruel follow in the ranking. The first recorded -21 ºC on Christmas Day 1962, the second endured the same temperature on January 12, 2021. These are surprisingly low data, although in recent decades Aemet has reported a few measurements below -15º. Meteorological bulletin of January 3, 1971, when the station located in Albacete recorded a minimum of -24 ºC, a record value among the provincial capitals of Spain. Extract from the meteorological bulletin of December 17, 1963, when a minimum of -30 ºC was recorded at the Calamocha-VOR observatory station, province of Teruel. to stay at home. The most striking thing about January 3, 1971 is that the thermometer not only collapsed in Albacete. Another interesting resource that Aemet offers is the newspaper archive of the ‘Meteorological Bulletin’a part edited by the agency’s predecessors between March 1893 and well into the 21st century. On its website today we can consult practically all of its digitized issues from 1894 to 2007. Among them is the census of that Sunday, January 3, 1971. And what does it tell us? That day the people of Albacete were not the only ones who faced a wave of polar cold. Although the city took the cake, in Burgos they scored -22º, in Valladolid, Teruel and Daroca -19º and -18º in Cuenca or La Molina. Some of these values ​​were also obtained at aerodromes, just as happened in Albacete, where that day the thermometers they did not go beyond -6º. In all the provincial capitals of Spain, that day the mercury did not rise above 10 ºC, the maximum recorded in Almería, Cádiz and Castellón. The coldest day? Yes. And no. The figure for Albacete is a record among provincial capitals, but in Spain we have endured even colder days. At the end of 1963, the residents of a small town in Teruel saw how the mercury dropped until it reaches -30 ºC. That is the surprising minimum temperature recorded on December 17 of that year … Read more

In a chaotic 2025 of cancellations and delays, Renfe does have good news: record number of travelers

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Renfe has had one of its most chaotic years in 2025. The company has had to face more competition than ever, it has suffered delays due to its own trains and infrastructure, it has seen Talgo trains crack or how fires blocked its most profitable line. And, despite everything, he has achieved a new record. 37.3 million. They are the people who have traveled on AVE and long-distance Renfe trains. And in 2025 the company has managed to move more people than ever on these trains. The figure is 6% higher than that achieved a year ago when it added 35.2 million trips. According to data provided by the Ministry of Transport and Sustainable Mobility, the bulk of these trips are made up of the AVE, which has set a new record with 21.5 million trips. That’s a million more travelers than last year. Although AVLO is the company that has had the best performance, growing from 4.55 million in 2024 to 6.2 million travelers in 2025. Where? According to Transport, the corridor that continues to receive the most passengers is the Madrid-Barcelona route ending in Figueres. In total, Renfe has attracted 8.1 million passengers to this corridor. The figure is almost identical to last year’s. The Levante and Mediterranean corridor (which connects Madrid with the Valencian Community and Murcia) is where the impact on passenger growth has been felt most. Here, trips have increased from 5.5 million to 7.7 million. Andalusia has also experienced growth from 6.9 million travelers to 7.2 million. Although the corridor that has added the most passengers is the Madrid-Castilla y León-Galicia one. Adding its routes and the connection with Asturias has gone from 2.5 million travelers in 2024 to 4.6 million. Doubts. What Renfe leaves up in the air is how much passenger volume has been lost on other lines. In his statement It is not explained, for example, how many passengers there are in the Extremadura corridor. And if the data is well transmitted, there are lines that have had to lose the number of passengers. The text mentions, as we said, an increase of 2.1 million passengers in the sum of high-speed and long-distance lines. However, there is talk of increases of 2.2 million passengers in the Mediterranean corridor, 2.1 million in the northwest area and 300,000 more passengers in Andalusia, without mentioning the inevitable drops in passengers on other lines. A chaotic year. Although it is the year in which it has moved the most passengers, 2025 has been a chaotic year for Renfe, marked by the following milestones: And some good things. In addition to increasing the number of travelers, 2025 has also had some good things for Renfe. To begin with, it has been confirmation that the train can fight the plane as long as high-speed trains work with guarantee. And the fact is that Madrid-Galicia has made the airlines retreat. The company, Renfe points out, continues to be the most used in all corridors (although it is not specified that it is the one that works the most frequencies) and its travelers will be able to benefit from the new flat rate ticket of 60 euros to take all medium and long distance trains and that is pending the addition, potentially, of municipal or regional public transport. Furthermore, and although this is not so good for Renfe but for the user, travelers we should be able to receive refunds partial or total delays of more than 15 minutes this year. Photo | Xataka In Xataka | Renfe is obliged to compensate for delays of more than 15 minutes starting January 1. The Government wants to prevent it

Spotify killed the record and the industry pivoted to concerts. Netflix killed cinema and the industry was left with a “space crisis”

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Never in history have we seen so many movies: the streaming It allows us to see several a week but, nevertheless, the movie theaters are empty. Literally emptier than ever in decades. We consume audiovisual content en masse, but not where we historically enjoyed it. Meanwhile, concerts have become the leisure alternative par excellence. Why do we pay hundreds of euros to go to a stadium with 50,000 other people, but not fifteen to see a blockbuster on the big screen? The answer lies in how we value physical space in the experience economy. Some figures. Let’s look at some box office figures: the summer of 2025, traditionally the most lucrative season in the industry, has been the most disastrous since 1981 adjusted for inflation. There is no dream of returning to pre-COVID figures: in October 2025 in the US, only 445 million dollars were raised, less than half of last October before the pandemicwhich exceeded one billion. The average viewer attended only 2.31 times to theaters in 2024, a drop of 33% compared to the 3.5 annual visits in 2019. In Spain, theThe 2025 data is equally dark: The total box office falls by 14% (almost 30 million less), and Spanish cinema itself declines by 2.5-3%. The author of this last study, Pau Brunet, expressly says that “the Hollywood fantasy is crumbling.” And the erosion is constant: Spain had more than 105 million viewers in 2019, which represents a loss of a third of its volume in five years: we are now at 71 million. Windows that don’t perform. The problem is so multifactorial that it is ridiculous to focus only on the drop in the box office to explain it. For example, we have the collapse of display windows: The pre-pandemic standard was 90-120 days in theaters, three or four weeks later in digital sales and then home formats and streaming. After the pandemic, these windows were reduced by more than 60%, and although they now vary depending on the studio, Universal and Warner leave a 45-day window for their most sought-after productions (it can be reduced to 17 days), with the exception of Disney, which operates them for 60 days. In any case, the rest of the windows have been shortened or disappeared, and it is common to watch a movie in streaming just a month and a half after its release in theaters. It is one of the main reasons why people have left the theaters: even blockbusters like ‘Wicked’ can be seen streaming just 40 days after their release in theaters. Even China. A few years ago, China was the market that seemed destined to save Hollywood accountsbut experienced its own collapse in 2024: the box office fell 23% to 42.5 billion yen ($5.8 billion), returning to figures from a decade ago. Attendance fell by more than 200 million viewers compared to ten years ago. One of the main reasons is the degradation of the theatrical experience: cinemas without air conditioning and without customer service staff beyond the bar, a characteristic that has been spreading to theaters around the world for years. The crisis has been going on for a long time. In reality, this fall does not have its roots in the streaming not even in the pandemic. The attendance of the American public had been falling since the sixtiesgoing from one visit per person every two or three months to just twice a year before the pandemic. The real price of admission (adjusted for inflation) has remained stable since the 1980s, but consumers have decided that they no longer want to go to theaters. The problem, as this Bain & Company study states The thing is that, for decades, the industry has placed all the emphasis of its production on pure content, but the films have ended up arriving home in a few weeks. Meanwhile, music has come to understand something fundamental: the value is not in the recorded content, but in the unique, unrepeatable event. The triumph of music. He Taylor Swift’s Eras Tour It closed in December 2024 after 149 concerts in 51 cities, ggenerating gross revenues of 2,077 million dollars. That is, more than the annual film box office receipts of entire countries (compare with the pyrrhic 71 million box office receipts in Spain in 2024). AND We’re not just talking about the concerts.: The average expense per attendee ranged between $1,300 and $1,500, including transportation, accommodation, merchandising and dinners. More than fans, they are tourists generating systemic economic impact. “Swiftonomics“has ceased to be a metaphor and has become a real analytical category in government economic reports. Beyond Taylor. Swift is not an anomaly. The global live music market generated $28.1 billion in 2023 and projections place it at $79.7 billion by 2030. That growth is equivalent to tripling the size of the market in seven years, while cinema struggles to recover the levels of a decade ago. What does live music have that cinema has lost? The term “funflation“: Consumers prioritize spending on memorable experiences even during periods of high inflation Festivals have capitalized on this logic: They sell identity, belonging and experiences that are impossible to replicate at home. Just the opposite of cinema: a film is exactly identical all over the world and once seen, the incentive to repeat it in theaters is minimal, especially knowing that it will be in streaming in 45 days. Reinvention is required. The cinema crisis is not a death sentence, but it is a demand for reinvention. Because the physical space of entertainment is not dying, it is being reformulated. The path that the music industry has followed by completely pivoting its business model with the disappearance of physical formats is the one that cinema has to follow. At the moment, theaters have not gotten the premium experiences right (sophisticated restoration, more comfortable rooms, improvements in image and sound quality), but that is because they still do not differentiate themselves enough from the domestic experience. Cinema needs its own Taylor … Read more

How China has managed to rescue its astronauts in record time when it took the US months

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Last year, Boeing starred in a space drama that kept the world in suspense: the Starliner crisis. After discovering leaks and failures in its propellers, NASA took months between deliberations, tests and safety meetings to finally decide that the astronauts Butch Wilmore and Suni Williams They would not return in their ship, but would wait for SpaceX’s Crew-9 mission to return. Now, China has faced a similar scenario that it has resolved in a few days. The haste has its explanation. A cracked window. The news broke on November 5. The Shenzhou-20 mission, crewed by Chen Dong, Chen Zhongrui and Wang Jie, was preparing to return to Earth after six months at the Chinese Tiangong space station. However, during inspections prior to undocking, the astronauts detected an anomaly that so it was not made publicbut that we now know: “small cracks” in the external glass of one of the capsule windows. After analyzing photographs and running simulations in wind tunnels, CMSA (China Manned Space Agency) engineers determined that the damage had possibly been caused by the impact of micrometeoroids or small fragments of space junkcompromising the structural integrity of the ship. The conclusion put Chinese astronauts in a bind: the capsule “did not meet the conditions for a safe manned return.” The game of chairs in orbit. Unlike the International Space Station, the Tiangong space station cannot accommodate six astronauts for a long time, so the Shenzhou-20 crew had to be brought in as soon as possible. China always maintains a Shenzhou ship and a CZ-2F rocket ready to take off in case of emergency. However, on this occasion, the CMSA ruled out launching the new Shenzhou-22 spacecraft to bring back the three stranded astronauts because it “included instrument upgrades for which the outgoing crew had not been trained.” The solution chosen to bring the crew back was, therefore, to do so aboard the Shenzhou-21 ship that had arrived with three other astronauts two weeks earlier. A literal change of chairs (they had to move the adapted seats from one ship to another) and with a single sacrifice: leaving the three crew members of the Shenzhou-21 at the mercy of a compromised ship (the Shenzhou-20) in the event of an emergency. In summary. The three outgoing astronauts They landed safely on November 14 aboard the ship of his three incoming companions. The reason why this exchange of ships was faster than in the case of the Starliner or, a year earlier, the Russian Soyuz MS-22, was, on the one hand, that the Tiangong station is not yet large enough for six people to live in, and on the other, that the replacement ship was already there. What cost NASA months of risk analysis and public relations management with Boeing, China solved in a matter of days thanks to the availability of spacecraft. The logistical sacrifice is that the crew of the Shenzhou-21 (which will stay in space for six months) has had to give up their “lifeboat” until the Shenzhou-22 spacecraft is launched without a crew as a new return vehicle. The Shenzhou-20 will return empty to analyze its damage on the ground, if it ultimately survives re-entry. Image | CGTN In Xataka | The only photo you need to understand the scale of what Blue Origin, Jeff Bezos’ company, has just done

The automobile industry in China has broken a new record, and sales in Europe have not been the only ones that have contributed

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The Chinese automobile industry has reached an export value of 798.39 billion yuan (about 96.9 billion euros) in the first ten months of 2025, according to data of the country’s General Customs Administration. It is about an increase of 14.3% compared to the same period of the previous year, and this is one more example of China being one of the main vehicle exporting powers in the world. And it is that besides Europethere are already other markets of great interest for the country. A sector that drives foreign trade. While China’s total merchandise exports grew by 6.2% In this period, the automotive sector almost tripled that rate of expansion. Mechanical and electrical products accounted for more than 60% of the country’s exports, with automobiles and semiconductors as the main drivers of this growth. In October alone, vehicle exports rose 34% year-on-year. The role of electric and hybrid. Behind these figures are brands such as BYD, SAIC and Chery, whose electrified models have conquered new markets in Southeast Asia, the Middle East and Latin America. Although the Customs Administration has not broken down the types of vehicles exported, sector data suggests that electric cars and plug-in hybrids are largely responsible for this boost. China is moving its production towards higher value-added segments, and the automobile is a key piece of that strategy. Who buys Chinese cars. ASEAN (Southeast Asia) remains China’s largest trading partner, with a total trade volume of 6.18 trillion yuan (up 9.1%), according to the General Administration of Customs. The European Union followswith 4.88 trillion yuan and a growth of 4.9%. The figures once again highlight how emerging regions and traditional European markets continue to absorb a good part of Chinese automobile production, although with different dynamics. The weight of private companies. Private Chinese companies have also played a determining role in this growth. According to the official dataaccounted for 21.28 trillion yuan in foreign trade (imports and exports combined) during the first ten months of the year, an increase of 7.2% year-on-year. And in addition to the companies that have state protection, there are also private companies that are experiencing great growth thanks to their international expansion. Warning signs on the horizon. Despite the good time, October has marked a turning pointas China’s total exports fell 0.8% year-on-year, the first setback in several months. Some analysts attribute this decline to an already very high comparison base, since 2024 was a record year. Also to fewer working days due to holidays and, above all, to weaker demand from the West. In fact, trade with the United States fell 15.9% in the first ten months of the year, according to the same source. What’s coming. Automobile exports are expected to close 2025 above 2024 levelsalthough probably at a more moderate pace. Demand from abroad is beginning to cool and trade restrictions in some markets, such as Europe, are tightening for China. Even so, the country’s automobile sector continues to demonstrate a capacity for growth greater than the rest of its manufacturing industry. It remains to be seen how long he can keep up the pace. Cover image | Michael Fortsch In Xataka | I have tried the BYD circuit in China: an underwater YangWang, a 29 meter dune and a car that turns by itself

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