world

the largest battery company in the world is no longer just about batteries

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The Chinese company specialized in the development of batteries has published results for the first quarter of 2026 that have left analysts speechless. Not because they are good, but because no one saw them coming. And the income has exceeded the forecasts of several analysis firms by 40%. The margin of error is so large that it only shows the obvious: that CATL It has long ceased to be just a battery company. What the numbers say. In the first quarter of 2026, CATL had a turnover of 129.1 billion yuan (about $18.9 billion), 52.5% more than in the same period of the previous year, according to they count from Reuters. Net profit grew 48.5% to 20.7 billion yuan. Analysts expected revenue growth of 35.7% and profit growth of 20.9%. The reality is that the numbers almost double the estimates. If the context of the successful year they had in 2025 is added, the image is just as groundbreaking, since according to the annual report The company’s own revenue that year reached 423.7 billion yuan, with a growth of 17%, and net profit rose 42%. Why analysts They have failed so much. Market consensus continued to treat CATL as a supplier of cells for electric cars. The problem is that this approach ignores two movements that are redefining the company. The first: energy storage, a business with higher margins than vehicle batteries, already represented around a quarter of the product the company shipped in the first quarter. According to data Production data collected by Hello China Tech, in April storage had climbed to 41.3% of total cell production, up from less than 20% a year earlier. The second movement: internationalization. Approximately a third of CATL’s revenue already comes from outside China. A Bet that explains everything. Energy storage is not a segment that CATL has joined by inertia. It is the logical consequence of a thesis: the world needs to store renewable energy on a massive scale. The war in Iran has skyrocketed global energy costs and accelerated demand for renewables, making storage systems critical infrastructure. CATL, which already led that market with a global share of 30.4% in 2025, according to SNE Research (for the fifth consecutive year), has arrived at the exact moment with the necessary capacity. And its shipments of batteries for storage have grown by 80% year-on-year in 2025. Europe as a lever for internationalization. The Debrecen plant, in Hungary, went into mass production during the first quarter of 2026. An investment of 7.3 billion euros to supply Mercedes-Benz, BMW, Stellantis and Volkswagen, with a planned capacity of 100 gigawatt-hours annually and a planned workforce of 9,000 people. This factory is proof that CATL is not content with being a supplier that exports cells, but rather a manufacturer with an industrial presence in the markets it serves. At home, dominating like never before. At the same time, CATL has reached a milestone in China that it had not achieved for five years. According to data from the Chinese Passenger Car Association collected According to CarNewsChina, its production share of electric vehicle batteries in the domestic market exceeded 50% in the first quarter of 2026. In the NMC (nickel-manganese-cobalt) type battery segment, that share reaches 81.6%. And in the LFP (lithium-iron-phosphate) segment, where there is more competition, it reaches 41%, the highest level in four years. The world’s second largest manufacturer, BYD, fell to 13.4% global share, from 16% a year earlier. What CATL is today, beyond batteries. The company itself has been trying to change the story for some time. In your 2025 annual reportstates its ambition to become “a leading global zero-carbon technology company.” It may sound like corporate rhetoric, but it is worth noting that CATL has storage systems deployed in nearly 2,300 projects around the world. Its batteries power artificial intelligence data centers, including SenseTime’s in Shanghai, which the company says reduces electricity consumption by more than 10 million kilowatt-hours annually. It also has subsidiaries in the electric aviation sector and solutions for maritime transport zero emissions. It operates more than 1,000 battery exchange stations for passenger cars and more than 300 for heavy trucks. And it is building what it describes as the world’s first zero-carbon off-grid industrial park, in Shandong. ANDThe market has not yet it has finished processing. It’s not all good news. Morningstar analyst Vincent Sun warns that the automakers’ strategy of diversifying suppliers and cutting costs could “dilute CATL’s pricing power and put pressure on its unit profit.” When you are the dominant supplier, customers have incentives to reduce their dependence. Here it would be necessary to see if CATL’s diversification towards storage, energy services and internationalization builds a sufficient barrier. Cover image | CATL In Xataka | China and the US are dancing the AI ​​dance. And more and more they dance ‘agarraos’

South Korea overtakes China as ASML’s largest market. Sanctions are already changing the world

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In the first quarter of 2026, South Korea has accounted for 45% of ASML salesthe Dutch manufacturer of lithography machinery without which no advanced chip exists. China, which until now led the same ranking with 36%, has fallen to 19%. The order of the semiconductor world has been inverted in the duration of a ‘Q’. Why is it important. ASML is the only company on the planet capable of manufacturing extreme ultraviolet (EUV) lithography machinesessential to produce chips less than 7 nanometers. Whoever controls access to ASML controls, to a large extent, which countries can manufacture elite semiconductors. That is why the figures for the first quarter of 2026 are not just another balance sheet but a way to understand the geopolitical map in real time. Or at least with “only” three weeks of latency. In figures: South Korea: 45% of ASML sales in Q1 2026 (up from 22% in the previous quarter). China: 19% (up from 36%). Taiwan: 23% (up from 13%). ASML’s total net sales in the quarter: €8.8 billion. Net profit: 2,760 million euros (+17% year-on-year). Sales forecast for 2026, revised upwards: between 36,000 and 40,000 million euros. The context. The United States has been building a sanctions architecture for years designed to disconnect China from access to advanced semiconductor technology. ASML, a Dutch company but with technology whose development has also involved American and British partners, stopped selling its EUV machines to China years ago. In 2023 added restrictions on more advanced DUV/UVP systems. What the first quarter data show is that this fence already has measurable effects on real sales flows. Between the lines. South Korea’s jump is not explained only by the Chinese fall. Samsung and SK Hynix They are in full race to build high-end memory capacity (the type of chip that powers AI data centers), and both companies have accelerated their orders for EUV machines. SK Hynix has committed nearly 12 trillion won (about 8.2 billion euros) in EUV lithography equipment for its Cheongju and Yongin factories. And Samsung, for its part, has placed a bulk order for approximately 20 EUV machines as part of a larger purchase of 70 systems for its P5 plant in Pyeongtaek. The underlying message is that the demand for AI is already sold in advance. According to ASML CEO Christophe Fouquet, customers in the memory segment have already exhausted their capacity for the entire year. Supply will not meet demand in the foreseeable future and prices continue to skyrocket. Main loser? China, without access to EUV, has been using older DUV systems for years and multiple exposure techniques to approach the 7 nanometer nodes. This translates into chips that are more expensive to produce and have lower yields. Companies like SMIC, ChangXin or Yangtze Memory Technologies operate under increasing financial pressure: the more exposures you need to compensate for the absence of EUV, the worse the production economics. The big question. Can China build its own ASML? There are prototypes in development and the ambition to achieve mass production of EUVs before 2030 is public and no one hides it. That doesn’t mean we can take it for granted: neither Nikon nor Canonwho have dominated lithography for decades, have managed to develop EUV systems. ASML is where it is because it spent years working to achieve it, and it also did so with a very well-coordinated ecosystem: Carl Zeiss optics, specialized laser technology, thousands of components from suppliers around the world… Replicating that from scratch, under sanctions, in less than five years, is a titanic task even for a country of 1.4 billion inhabitants and an excessive ambition. Yes, but. The restrictions, in fact, have not sunk China, but have forced it to adapt. SMIC produces 7 nanometer chips using alternative techniques, although at higher cost and on a smaller scale. The pace of state investment in semiconductors has not slowed down. And the fact that several engineers who have worked at ASML have ended up in Chinese projects has raised alarms on the other side of the Pacific. China has built its current position on a long-term mindset. The sanctions close the shortest path, but that does not mean that other paths do not exist. In Xataka | China prepares a 2nm AI chip to end NVIDIA’s dominance. Your problem is how you are going to manufacture it Featured image | ASML

Universal quantum computers promise to change the world. Now they are closer thanks to giant super atoms

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The prototypes of quantum computers currently manufactured by IBM, Honeywell or Google, among other companies, are engineering prodigies. However, they have defectswhich currently greatly limits the range of applications in which it is possible to use them. The most important of all of them is that they make mistakes and they are still not able to correct them effectively. Scientists are working on developing advanced error correction systems, and if they achieve their goal, universal quantum computers capable of dealing with a wide range of problems will arrive. The Achilles heel of current quantum machines is the extreme fragility of their qubits. And they are very sensitive to disturbances from the environment. Their interaction with the space around them can cause quantum information to be lost or altered, preventing them from delivering a correct result. This phenomenon is known as quantum decoherence and it has the ability to degrade the quantum states that need to be protected in order to carry out operations with qubits. Currently, researchers are making an enormous effort to design effective strategies for isolating qubits from the environment. However, efforts are also being made to develop less fragile qubits, and therefore less sensitive to noise. This is the plan that several scientists at Chalmers University of Technology in Sweden are working on. And they have developed a completely new quantum system designed to protect quantum information and minimize interference from the environment. Its purpose is, neither more nor less, to pave the way for universal quantum computers or large scale. Less decoherence leads to more robust and higher quality quantum computers Quantum computing experts maintain that quantum computers that will have the ability to correct their own errors can be used to design exotic materials, and probably also to develop new drugs and in industrial optimization problems, among other tasks. These are some of the applications that the qubits implemented with giant superatoms proposed by the Chalmers University of Technology team led by applied quantum physics professor Anton Frisk Kockum could put in our hands. Giant Superatoms explore two ideas long known to quantum physicists: giant atoms and superatoms. Giant Super Atoms explores two ideas long known to quantum physicists: giant atoms and superatoms. Unlike isolated atoms, a giant atom in this context is an artificial qubit designed to interact with its environment using light or sound waves at multiple physically separated points. This peculiarity allows them to protect quantum states more effectively than conventional systems, reduce decoherence and remember past interactions. The problem with using giant atoms in quantum computers is that they have significant limitations when trying to entangle them. Entanglement is essential in quantum computing because it allows multiple qubits to share a single quantum state and act as a coordinated system. To solve this limitation, the Chalmers researchers have combined giant atoms and superatoms. A superatom is made up of several natural atoms that share the same quantum state and behave collectively as a single larger atom. Lei Du, one of Chalmers’ researchers, explains to us what is a giant super atom: “We can observe it as multiple giant atoms working together as a single entity, allowing them to exhibit a non-local interaction between light and matter. This allows quantum information from multiple qubits stored and controlled as a unit and without the need for increasingly complex surrounding circuits.” For the moment, giant superatoms are a theoretical proposal, but Professor Anton Frisk Kockum and his team are going to try to build a quantum system using them. If they succeed, they could have found a new type of qubit that is much more robust, and, therefore, suitable for use in the development of universal quantum computers. Image | Generated by Xataka with Gemini More information | ScienceDaily In Xataka | We already know what the chips that will arrive until 2039 will be like. The machine that will allow them to be manufactured is close

There are only 66 cases in the world and science is just beginning to understand it

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Night rest can be interrupt due to many factorssuch as the need to go to the bathroom constantly to drink water before going to sleep, but there are other cases, such as painful sleep erectionswhich right now is emerging from ignorance, and that is why every time you get to know more of this problem which, fortunately, is quite infrequent. What is it? Although you may think that this is a problem related to the penis, the truth is that it is classified as a parasomnia. And it is no wonder, because what happens to the man here is that he has multiple erections during the night while he is in the REM phase of sleep that are so painful that it makes you wake up with a jump out of bed. But the curious thing is that the problem does not lie in the penis tissue itself, but rather clinical reviews point out that this disease is closely linked to hypertonicity or contracture of the bulbocavernosus muscles of the penis and the pelvic floor. Added to this are alterations in the central nervous system, such as instability during REM sleep, a peak in activity of the sympathetic nervous system and abnormal processing of pain and hormonal stress signals. It’s a challenge. At the level of cases diagnosed with this problem, the reality is that we speak of a “phantom disease” since it barely there are 66 cases documented worldwide, and there are almost no articles in the medical literature. This is something that translates into a situation of underdiagnosis, since in daily practice specialists see very few cases throughout their career. As a result, patients suffer a medical journey that delays diagnosis for years, and in desperation, and in the absence of answers, many end up assuming erroneous self-diagnoses based on chronic stress or prostatitis. Science tries to advance. Historically, the lack of cases made it difficult to create treatment protocols with the steps that doctors had to follow to solve the patient’s problem. However, recent clinical research has shed light on highly effective therapeutic approaches. That is why right now the use of muscle relaxants such as baclofen has proven to be a turning point for patients, since by relaxing the muscles of the penis an improvement is achieved in patients with this problem. In addition, diseases that are below this problem should also be looked for, such as sleep apnea or insomnia in general, which may be related to this pathology. Although there is still much to be done to investigate this disease, which a priori is quite unknown. Images | gpointstudio on Freepik In Xataka | Before colonizing other planets, humanity must solve a problem: erections in space

from the anti-aging miracle with scientific backing to the dangerous world of injectable ‘looksmaxxing’

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We live in a time where people do not stop complement your nutrition with magnesium, collagenvitamins and more. But in recent months you have surely come across the famous ‘peptides’, a compound that has gained quite a bit of momentum in the world of cosmetics under the trend called looksmaxxing and also in bodybuilding. But… Do they have any scientific endorsement? What are peptides? In biological terms, peptides are short chains of amino acids that act as the building blocks of proteins, such as collagen, elastin and keratin. They are naturally in our body from the protein that we administer in our diet, and that the body uses as bricks to build the elements of the skin, muscle, immune system and many more functions. But this is something that has happened from natural biology to the field of cosmetics and nutricosmeticssince it has been seen that when these peptides are applied to the skin, they act as “messengers” that trick the body into believing that it has lost collagen, stimulating its production. In this way an anti-wrinkle effect is promised. What does science say? Unlike many “miracle supplements” that flood the internet, topical and oral peptides do have robust scientific backing, although, as always, keep in mind that you should not expect an amazing miracle when applying them. Among one of the most representative studies we have that of the Spanish Society of Aesthetic Medicine (SEME) which analyzed the effect of biomimetic peptides in patients between 40 and 70 years old. Here it was seen that, after four sessions, the biopsies confirmed real changes in the skin as there was a greater proliferation of collagen and elastin. There is more. Clinical trials with active ingredients such as Matrixyl in 93 people showed also a noticeable reduction in fine lines after 12 weeks of use, and also collagen peptide supplements such as Peptan have been shown in clinical trials to be able to reduce wrinkles around the eyes by 13% and pores by 57%. The dark side. When this becomes an obsession, that is when the problems begin, and again social networks have been a trigger. Here TikTok or Instagram has caused a trend known as looksmaxxing to break out., which in Spanish could be translated as ‘maximize appearance’. And it is nothing more than a subculture, predominant in younger men, who wants to optimize their physical attractiveness to the maximum. While the softmaxxing includes gym routines, haircuts and intense skincare, the most extreme aspect has popularized the use of injectable peptides. Suddenly, it’s not uncommon to see videos of content creators showing off refrigerators full of vials that promise ultra-luminous skin, instant muscle recovery, extreme fat loss, or hyper-defined jawlines. And it is a danger. The big problem with these injectables is that they are often not regulated, and people resort to the Internet to buy them thanks to the legal loopholes created by products under investigation or not suitable for human consumption. Here different organizations have launched alerts warning that using products that have not been authorized by the responsible agencies can cause serious risks such as infections, abscesses or even tissue necrosis. A gym shortcut. Beyond wanting to maximize beauty and reduce the number of wrinkles, in the world of bodybuilding, peptides have burst onto the scene, presenting themselves as a modern alternative to classic steroids. In this way, it is not uncommon to hear about BPC-157, TB-500 or CJC-1295, which are peptides that promise great aesthetic results. His promises. BPC-157 or TB-500 have been dubbed ‘healing peptides’ due to the great fame they have gained by promising regeneration of tendons, ligaments or muscle tears in record time. Another popular group are secretogogues such as CJC-1295 They stimulate the pituitary gland to produce growth hormone ‘naturally’, which enhances muscle growth and fat burning much more quickly than by directly injecting the hormone. Your problems. The problem in the field of bodybuilding is the same as in the aesthetic field, but multiplying the doses. Here science points out that although it is true that the BPC-157 can ‘heal’ tissues, at the moment it has not been approved by the EMA or the FDA for this use because there are a lack of studies to support its safety and the recommended dosage. Furthermore, playing with hormonal levels does not come for free, and without going any further, enhancing the release of growth hormone to have more muscle increases IGF-1 levels. And this in the long term can cause insulin resistance and, therefore, open the door to type 2 diabetes in several years. That is why the recommendation is always to avoid their consumption without medical supervision and logically if they have not been approved by the agencies responsible for drug control. Images | Norbert Buduczki In Xataka | Magnesium, creatine, collagen: we are taking supplements above what science believes is useful

The world became obsessed with pistachios because of Dubai chocolate. Now the war has turned it into a trap

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The last few years have been anything but quiet for the pistachio industry. First ‘Dubai chocolate’ fever Its demand skyrocketed, straining supply chains and skyrocketing prices. Now the Iran conflict has struck a blow to its market, causing an earthquake whose consequences are still difficult to predict. For now there are already analysts warning that the fruit is beginning to be priced at highs that have not been seen for almost a decade. The big question is… And now what? What has happened? That the pistachio market is showing signs that it does not remain immune to the Middle East conflict, something that is otherwise expected if we take into account that Iran is one of the large world producers of this dried fruit. The alarm signal was raised by Bloomberg, which on Monday warned that the conflict is already affecting the price of pistachios in the markets. Their analysis is based on measurements from Expana Markets, a British firm specialized in the agri-food sector, which assures that in March the pound of pistachios reached $4.57the highest value since May 2018. Is it important? Yes. The pistachio market is very broad, it moves billions and it is supplied from more suppliers than Iran, so Expana’s data should be taken as a clue. Even so, they are interesting for their context. The pistachio had already experienced a price increase in recent years, driven by its popularization in the the drinks and food in general and especially for the enormous success of Dubai chocolate, a sweet made with cocoa and pistachios. After TikTok was filled with viral videos about its tablets, the price of grain skyrocketed: Bloomberg estimates that between the end of 2023 and 2025, Expana’s reference value for the US rose 30%. Are there more indicators? Yes. In Spain we have the platform data Pistachio Prowhich shows the increase in prices that the different varieties of grain have experienced in recent years in the Lonja de Albacete. A few months ago, in fact, the website informed that the price of Kerman-type grain had reached a “historical record” in both conventional and organic grains. Globally, a year ago Financial Times I already warned that Dubai chocolate was straining global pistachio supplies, driving up prices. Does the war in Iran have that much influence now? Yes. And for several reasons. The main one is that Iran does not occupy just any place on the world pistachio map. Although his weight is nowhere near what it was a few decades ago, when he hoarded good part of global production, the Islamic Republic continues to be the second largest breadwinner on the planet, only behind the United States. USDA estimates in fact indicated that during the 2025/2026 season its production would be around 200,000 metric tons, 18% of world production. They are 80,000 tons more than the third country by volume, Türkiye, and 160,000 tons more than the contribution of the entire EU. Some analysts it’s been several weeks warning that Iranian crops may be affected by the impact of the war on energy and water supplies for irrigation, in addition to problems with infrastructure. This is without, of course, taking into account the blow that the conflict has dealt to maritime traffic and the entire logistics chain. Some voices even have slipped in which the Iranian pistachio industry has been directly punished by the bombings. Are there more factors? The answer is once again affirmative. The war has tightened the rope, but the reality is that the pistachio trade was not going through its best moment in Iran. The industry has not been immune to the sanctions and geopolitical tensions that preceded the attack launched by the US and Israel on February 28. Neither, remember Bloombergto the repression with which Tehran responded to the protests internal. Even the harvest would have been lower than expected. All these factors also impact the supply of the fruit. “Pistachios are undoubtedly sensitive to disruptions in the Middle East, given the region’s role as a producer, transit hub and destination,” warns Nick Moss of Expana Markets. Tehran is also a key supplier of pistachio to the gigantic Indian market, which has now seen its supply chains affected, like other nations. “The war has led shipping companies to cancel all new reservations from March 2 for shipments destined for the Middle East,” duck Gyana Ranjan Das, from Grown Point. Does it only affect Iran? At all. If the war in Ukraine in 2022 and that in Iran now demonstrated anything, it is that the effect of bombs and drones is still felt in the countries where the battles are fought, but the disruptions they generate extend to markets and economies around the world. Iranian farmers are not the only ones affected by the conflict. The Strait of Hormuz is key to global shipping oil and ureaso its blockage directly affects the supply (and therefore the costs) of two essential inputs for farmers: fuel and fertilizer. Although there are those who believe that US producers will be the big beneficiaries, in recent weeks media such as Associated Press (AP) or Los Angeles Times They have interviewed California farmers who acknowledge that they have also been harmed by the conflict. one of them assured have merchandise worth five million dollars blocked on ships, fruits that under normal conditions would have already arrived in Saudi Arabia and the United Arab Emirates. An expectant market. Surely that is the adjective that best defines the current state of the world pistachio market. Expectant. And not only because the second largest producer on the planet is at the center of a conflict that is currently hanging on a very delicate truce. After years marked by increased demand, the sector faces a potential increase in costs, a rise in prices, a decrease in supply and a strangulation of trade. “Even for buyers who do not normally source directly or indirectly from Iran, these supply restrictions could lead to increased competition for stock available elsewhere,” … Read more

Inditex made Amancio Ortega a billionaire. Now he is also the richest real estate tycoon in the world

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Amancio Ortega built the largest fashion group on the planet from scratch, became the largest fortune in Spain and the twelfth in the world. Now, he has just added a new record to his career: it is the largest real estate owner in the world thanks to Pontegadea’s investments. According to the calculations of Forbes, After analyzing corporate documents, property records and data from the Regrid and Real Capital Analytics platforms in nine countries, the real estate assets of Amancio Ortega It would be valued at 25 billion dollars, about 21.2 billion euros at the current exchange rate, spread across more than 200 properties in 13 countries. This figure exceeds that of the Australian promoter Harry Triguboff, with 23.2 billion dollars in assets and that of the American Donald Bren, with 19.2 billion, until now the great references in the sector. From hanger to brick. However, what is most surprising about this second empire that has been created is that Inditex and Pontegadea could not be more different, although both have a key point in common: the Inditex dividends. The original wine of Pontegadea emerged in 2001, when Inditex debuted on the stock market. Ortega then sold a 13.5% stake in the textile company for $1.1 billion and with that capital founded Pontegadea, his investment vehicle. From that moment, Amancio Ortega stopped being the beneficiary of the dividends generated by the textile giant and placed Pontegadea and Partler as his representatives and beneficiaries of its millionaire dividends. In 2026, the family office de Ortega will collect 3,234 million euros in dividends for Inditex’s results in 2025, a personal record figure. A portfolio of Premium buildings around the world. Pontegadea’s strategy is simple to explain, but almost impossible to replicate: buy the best buildings of the market, in strategic and irreplaceable locations in the main cities of the world, and find solvent tenants to sign long-term rentals with them, obtaining income from day one. His properties include iconic buildings such as the 43-story Picasso Tower in Madrid (which he bought for $540 million in 2011), the Devonshire House across from Green Park in London for which he paid $671 million in 2013, Amazon’s headquarters in Seattle, and in Canadaor the Royal Bank Plaza in Toronto, which is undoubtedly its crown jewel. In 2025 alone, Ortega closed 13 purchase operations in 10 cities in eight different countries, spending more than 3 billion dollars. Among its tenants we find names like Inditex itself, which rent the premises from its best stores, Amazon, Apple, Meta, Nike, Spotify, FedEx, Home Depot and Walmart, and even its biggest rival in textiles: Primark. Pontegadea has also diversified into logisticsluxury housing for rent and port infrastructure either energy networks. No debt, no rush and very few sellers. What differentiates Pontegadea from the rest of the large real estate investors is that Ortega’s investor seems to have unlimited funds, thanks to the billion-dollar dividends it receives each year from Inditex, and that it annually invests entirely in brick without incurring debt with its operations. A real estate agent who has worked with the firm told Forbes: “They buy collectible assets that are the best on the market. They are more like a art collector that looks for the most exclusive works of art.” Of their entire portfolio, according to the Real Capital Analytics database consulted by the American magazine, they have only sold 10 buildings in more than two decades. This also differentiates them from the rest of the real estate companies, which tend to get rid of their buildings after four or five years. More investment, less taxes. Behind the expansion of Pontegadea and its recent European structuring based in Luxembourg, There is also a very fine-tuned fiscal logic. In Spain, the wealth tax, to which the solidarity tax aimed at large fortunes was added in 2022, penalizes uninvested cash. Therefore, Ortega’s strategy is to keep 100% of the dividends he receives from Inditex invested in productive assets to increase their value and reduce the tax bill. According to Forbes, Ortega has saved about $800 million in wealth taxes since 2001 thanks to this constant reinvestment in real estate, infrastructure and energy with Pontegadea. Furthermore, by channeling the collection of Inditex dividends through Pontegadea and Partler, Ortega benefits from a tax exemption designed for business holdings. paying taxes at 1.25% instead of doing it for the 28% that applies to personal income tax. On the whole, Forbes It estimates that this mechanism has allowed it to save about $7 billion in taxes on these dividends in the last 25 years. In Xataka | Spain has more and more “billionaires” and a big shot who leaves their fortunes as anecdotes: Amancio Ortega Image | GTRES, Unsplash (Sergio Kian)

We have been searching for a cure for HIV for decades. The tenth cured patient in the world gives us a starting point

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Receiving an HIV diagnosis several decades ago was practically a death sentence for many patients who saw that there was no possible treatment to eradicate this virus and that sooner or later would develop the disease. But little by little, treatments for prophylaxisof attenuation, reaching an undetectable viral load, and now we are seeing the first cases of complete eradication. There are several cases. We are facing a new historical milestone in medicine, and it is no wonder, since an international consortium of researchers has documented the tenth case in the world of a person who has managed to be cured of HIV, or rather, who has managed to eliminate the virus from their body so as not to develop the disease. The latter is known as the ‘Oslo patient’. A 62-year-old man who has not taken antiretroviral treatment for four years and has no trace of the virus, which has led to a published article in Nature where a great research process is recounted, something that has been possible thanks to the work of the international consortium IciStem 2.0, led by the Oslo University Hospital and with a fundamental participation of Spanish science through the center IrsiCaixa. His story. The clinical history of the ‘Oslo patient’ follows a pattern that is increasingly familiar to scientists, similar to that of the famous ‘Berlin patient’ in 2009. Diagnosed with HIV at the age of 44, the patient developed severe hematological cancer in 2020, for which he had to receive a stem cell transplant with the aim of regaining normal blood cell genesis. But here the key to success was that the donor of these stem cells was his own brother, who had a rare and coveted genetic alteration known as the CCR5-delta32 mutation. Because. When we see the term ‘mutation’ we automatically go to the negative meaning and all the diseases that having a mutation in the DNA can cause. But the reality here is that the CCR5-delta32 mutation acts as a cellular “shield” by modifying the receptors of a type of defense cell, T lymphocytes, so that HIV be unable to anchor to them and infect them causing its destruction. In this way, by replacing the patient’s immune system with his brother’s cells, doctors not only treated the cancer, but “rebooted” their defenses, making them immune to the virus. From here, HIV could not access its defensive cells, which is the mechanism it uses to become chronic and become ‘undetectable’ to the immune system. What happened next? As the researchers report, two years after performing the transplant, the medical team decided to withdraw antiretroviral therapy under strict monitoring, since it is a truly critical moment for patients. From here, and several analyzes later, it was seen that there was no sign that the virus was multiplying again. In the end, viral DNA was not detected either in peripheral blood tests or in biopsies of intestinal tissue, which usually acts as a “reservoir” where the virus hides. And this is where the Spanish group, through IrsiCaixa, has had a lot to say, since its research teams are currently monitoring 40 participants in similar conditions. What does it mean? Although it seems that we have achieved the definitive cure, the reality is that this is not the case. Right now we must understand that hematopoietic stem cell transplantation is a very high-risk and extremely clinically aggressive procedure that initially leaves the patient without any defenses and then they trust that the transplant will work and they will not reject it. All of this makes its mortality rate very high, so it is only ethically and medically justified in patients suffering from a potentially fatal blood cancer, not as a standard therapy for people living with HIV, who today can lead a normal and healthy life thanks to daily antiretroviral treatments. It’s the way. Although it is not the definitive therapy, it does open the way to developing genetic therapies such as CRISPR or cellular treatments such as therapies CAR-T that manage to imitate this immunity in the patient’s own body in a safe, scalable way and without the need to undergo a transplant from an external donor. Although to get here there is still a long way to go for science. Images | National Institute of Allergy In Xataka | The HIV epidemic never left Africa. Now a new treatment wants to make a difference

While half the world wants to distance itself commercially from China, there is a country that is increasingly doing just the opposite: Spain

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Pedro Sanchez Yesterday he took a selfie with the CEO of Xiaomi as part of his official visit to China. In it he has taken advantage of visit also Tsinghua University in BeijingAI talent pool— and of course for meet with the president of the People’s Republic of China, Xi Jinping. But what this official visit tells us is something important about Spain and Europe: we want to depend less on China, but the data says that we are becoming more dependent. The narrative of decoupling. The discourse that we are seeing in general media or in news programs on television networks is usually the same: The West is reducing its dependence on China. There is talk about how supply chains are diversifying or how geopolitics are reordering global trade. Although the message is coherent and is usually supported by European and North American leaders, the reality is different. The numbers simply do not match. The data that dismantles everything. Between 2014 and 2024, EU imports from China increased by 101.9%, while European exports to China grew by only 47%. The relationship between both economic powers is not cooling, but quite the opposite: it is intensifying and, furthermore, becoming unbalanced. In 2024, the EU exported goods worth 213.3 billion euros to China, and imported 517.8 billion euros with a trade deficit of 304.5 billion euros. China remains by far the largest supplier to the EU and represents 21.3% of all extra-EU imports. Behind her are the US with 13.7% and the United Kingdom with 6.8%. Who “buys” more. The three largest importers of Chinese products within the EU in 2024 were Netherlands (109 billion euros), Germany (96 billion) and Italy (50 billion). The only countries with a trade surplus with China in the EU were Ireland and Luxembourg. The case of Germany is paradoxical, because this country leads this discourse of “reducing strategic dependencies”, but at the same time it is the second largest European buyer of Chinese products. One thing is the political message, and another is the commercial reality. Spain has a deficit, but it doesn’t seem to matter. The case of Spain is also special not because of the figures, but because of how it communicates them. In 2024, Spain imported Chinese goods worth 45,174 million euros, only behind Germany. What is striking is that the trade deficit of this exchange was enormous for Spain: 37,706 million, because Spanish exports to China were 7,467 million euros. That is to say: Spain buys China almost seven times more than what it sells. In 2025, imports grew even more, to 50.25 billion euros, but Spain’s discourse is not that of Germany: it does not seem to have any problem with increasing this commercial dependence. The Bank of Spain warns. The products most imported from China were industrial machinery, telecommunications equipment and motors, that is, goods that feed Spanish production. The Bank of Spain warned in 2024 that China is the great commercial weak point for both Spain and the EU. It is due to the volume of imports as well as their concentration and nature. The problem is that this dependency cannot be resolved with speeches: we would need alternative supply chains that are not being created at the moment, at least on the scale necessary to reduce this strategic dependency. Four visits in four years. Pedro Sánchez has visited China in March 2023, September 2024, April 2025 and April 2026. No other European leader has visited the Asian giant with that frequency in this period. It is true that all the presidents of the Government since Felipe González have traveled to China at least once, but none had done so four years in a row. Zapatero also made four trips, but he made them between 2005 and 2011. What Sánchez has done has no Spanish or European precedents. But Europe also builds ties with China. This movement towards rapprochement with China in 2025 and 2026 is not exclusive to Spain. German Chancellor Friedrich Merz, British Prime Minister Keir Starmer and French President Emmanuel Macron have visited China in recent months. All these movements are a clear consequence of the tariffs that Donald Trump activated in 2025 and that have accelerated this European conversation about the need to reduce dependence on Washington. Which difference to Spain from the rest of its European partners is that he has been forging that alliance for years. Many visits, but the deficit grows. Although the relations between China and Spain are notable, the trade deficit has been at historic highs for years and Pedro Sánchez’s visits have not only failed to correct them, but have aggravated them. What grows with each trip are the cooperation agreements or investment statements in renewable energy, but that still does not affect the short-term trade imbalance. Not only that: while Spain sells to China automotive components, chemicals or serrano hamChina sells to us our industrial future. There is an asymmetry not only of volume, but also of structure. To reduce strategic dependence, nothing. The conclusion after analyzing the data is uncomfortable. The rhetoric of decoupling, digital sovereignty and the reduction of strategic dependence collide head-on with that commercial reality in which Europe imports products from China as if there were no tomorrow. The difference between Spain and the rest of Europe is that Spain does not maintain this fiction of distance, and this “honesty” may have strategic value. We will see if that ends up serving to reduce the enormous trade deficit with China. In Xataka | We thought that US tariffs would prohibit Chinese cars from entering. BYD wants to challenge them

Apparently, the oldest restaurant in the world is in Madrid

by

Here’s a question for note: What do Tarantino, Hemingway, Tom Jones, Pérez Galdós, Charlton Heston and Nancy Reagan have in common? The answer is that all those celebrities enjoyed (or that’s what tradition says) of the stews served in one of the most special restaurants on the entire planet: Botin Housea food establishment famous for its barbecues located in the historic center of Madrid, five minutes from the Plaza Mayor. If the business is famous beyond the capital or Spain, however, it is not because of its vast list of illustrious clients, nor even for its baked suckling pig or lamb. What stands out is its age. The restaurant owners come back Its origins date back to 1725, which would make it the oldest in the world. This is how it appears certainly in the Guinness of records. The oldest? That’s how it is. The world is very big and above all it has many, many restaurants (in Spain close to 90,000), but if we ask the authors of the Guinness book no doubt Which is the oldest of all: Botín, a restaurant that traces its origins back to the beginning of the 18th century. This is how its owners defend it, they need that the business was founded in 1725, and so it is recognized the most famous record guide on the planet, the Guinness World Records. In fact, the place generates so much interest that in 2025, coinciding with its 300th anniversary, it starred in chronicles in media such as Smithsonian Magazine, The Times either Financial Timeswhose reporters took the opportunity to try their famous baked suckling pig and order a bottle of Rioja. And what is its story? The Guinness Book assures that the restaurant was set up in the 18th century by a French chef, Jean Botin, and his wife, originally from Asturias. Other versions they need that it was Jean’s nephew, Cándido Remis, who started the business (hence why he is known as ‘Botín’s Nephew’). What all versions agree on is that the origins of the business date back to 1725 and that the building it occupies, on Cuchilleros Street, is even earlier and can be dated to late 16th century. Another surprising fact is that, despite its astonishing longevity, the restaurant has only passed through the hands of two families: first that of its founder, then, already in the 1930s, that of the González family, who have run the restaurant since before the Civil War. How is it possible? The big question. No matter how good a restaurant is, no matter how much effort its owners put into it, or how appetizing their food is, it usually ends up declining over time. Changes in tastes, changes in cities, crises, pandemics, wars, generational changes… there are many rocks on which a family business like Casa Botín can run aground. If there is something exceptional about her, beyond her piglets, it is her great resilience and ability to adapt to changes. The authors of the Guinness Book themselves remember Until the 18th century, the inn could not sell meat or food. He only cooked the food that the guests brought. “There is a legend that it was feared that if taverns served meals, men would never return home to their wives,” remember in Smithsonian Magazine Floriana Gennari, anthropologist. Over time, towards the 19th century, the business began to be called a ‘restaurant’, emulating the culinary fashions of France and opting for a more select approach. “In fact they made cakes and sweets before focusing on pork and local meat,” duck Gennari. Is it really the oldest? Its owners so they claim. And this has been recognized by the Guiness World Record and international media that present it as such, including National Geographic, Forbes, cnn or Forbes, which included it in 2012 your selection of “10 classic restaurants to visit”. Now, the popular establishment on Cuchilleros Street is not the only one to claim that title. Without leaving the Community of Madrid we found another business, the Casa Pedro tavern, which hold that its origins can be traced back even further in time, to 1702. Even the international press has been echoed of the struggle between both establishments to be able to hang in their living room the certificate that distinguishes them as the oldest restaurant. Outside of Spain there are also businesses that they assure have a centuries-old history behind them, some even greater than Botín’s. And what are they? There are those who say that in Salzburg there is a place, the St. Peter Stifskulinariumwhich was founded in the 9th century. In Regensburg (Germany) there is another that dates back its history to the 12th century, the same century in which the museum supposedly opened its doors. Ma Yu Chingin Henan, China. In Japan we also find some restaurant which ensures that its history is well before that of Botín. Probably what few can compare with Botín (besides his suckling pig) is his history, rich in legends. It is said that Goya came to work at the premises washing dishes, Galdós organized gatherings there and the fire in his oven has never gone out, not even during the pandemic. Enough to have captivated figures like Hemingway, who mentions the restaurant in his work ‘Fiesta’. Images | Wikipedia 1 and 2 In Xataka | In Vigo the hoteliers have decided that it is enough to occupy tables to just have a coffee. Solution: minimum consumption

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