Feed MRSS-S Noticias, english.elpais.com, economy-and-business en-us https://english.elpais.com Wed, 20 May 2026 15:37:54 GMT https://english.elpais.com/economy-and-business/2026-05-20/how-spain-plans-to-challenge-the-shakira-ruling.html Wed, 20 May 2026 15:37:54 GMT https://english.elpais.com/economy-and-business/2026-05-20/how-spain-plans-to-challenge-the-shakira-ruling.html Pablo Sempere ,Nuria Morcillo The government’s appeal focuses on whether intermittent travel — so‑called sporadic absences — should count when determining tax residence The government’s appeal focuses on whether intermittent travel — so‑called sporadic absences — should count when determining tax residence Shakira Bahamas Lucía Flores (ObturadorMX/Getty) directo Shakira, at a concert in Mexico last March. Shakira, at a concert in Mexico last March. <p>Two technical concepts — sporadic absences and the idea of a taxpayer with no effective tax residence — have become the Spanish Treasury’s main arguments as it seeks to overturn a court ruling that handed Colombian singer <a href="https://english.elpais.com/economy-and-business/2026-05-18/shakira-secures-60-million-victory-in-longrunning-dispute-with-spains-tax-agency.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-05-18/shakira-secures-60-million-victory-in-longrunning-dispute-with-spains-tax-agency.html">Shakira a major victory on Monday</a>. These terms are little known outside specialist circles, but they increasingly shape multimillion‑dollar disputes. They are especially useful for tax inspectors when they try to challenge residency claims built on dense travel schedules, fragmented stays, or international moves that are hard to substantiate.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-20/how-spain-plans-to-challenge-the-shakira-ruling.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/technology/2026-05-20/why-the-jury-ruled-against-elon-musk-the-key-takeaways-from-the-landmark-ai-trial.html Wed, 20 May 2026 14:46:43 GMT https://english.elpais.com/technology/2026-05-20/why-the-jury-ruled-against-elon-musk-the-key-takeaways-from-the-landmark-ai-trial.html jordi perez OpenAI emerges on top thanks to a ‘calendar technicality,’ with the judge not addressing the substantive issue OpenAI emerges on top thanks to a ‘calendar technicality,’ with the judge not addressing the substantive issue Sam Altman OpenAI ChatGPT Elon Musk Vicki Behringer (REUTERS) Musk Altman A juror reads the verdict to Judge Yvonne Gonzalez Rogers in the Musk v. OpenAI case in a federal court in Oakland. A juror reads the verdict to Judge Yvonne Gonzalez Rogers in the Musk v. OpenAI case in a federal court in Oakland. <p>The biggest trial over artificial intelligence of the century has ended quietly, with very little fanfare. Elon Musk lost, and OpenAI won easily. Above all, because the jury found <a href="https://english.elpais.com/technology/2025-02-12/timeline-of-a-tech-feud-sam-altman-and-elon-musks-10-year-rivalry.html" target="_self" rel="" title="https://english.elpais.com/technology/2025-02-12/timeline-of-a-tech-feud-sam-altman-and-elon-musks-10-year-rivalry.html">Musk’s lawsuit</a> had been filed too late. It was barred by the statute of limitations. Neither the jury nor the judge went on to assess Musk’s complaint. It’s as if the World Cup final never gets played because one team can’t show up: someone is declared the winner, but no one knows whether they actually deserved it. These are the key takeaways:</p><p><a href="https://english.elpais.com/technology/2026-05-20/why-the-jury-ruled-against-elon-musk-the-key-takeaways-from-the-landmark-ai-trial.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-18/shakira-secures-60-million-victory-in-longrunning-dispute-with-spains-tax-agency.html Mon, 18 May 2026 10:33:32 GMT https://english.elpais.com/economy-and-business/2026-05-18/shakira-secures-60-million-victory-in-longrunning-dispute-with-spains-tax-agency.html Jesús García Bueno The National Court has ruled that the singer was not a tax resident in Spain in 2011 and has annulled the penalties imposed on her; the decision does not affect her existing criminal conviction The National Court has ruled that the singer was not a tax resident in Spain in 2011 and has annulled the penalties imposed on her; the decision does not affect her existing criminal conviction Shakira Gerard Piqué Angel Colmenares (EFE) FIFA presenta a los artistas del espectáculo de la final del Mundial 2026 Shakira, during the presentation of the artists who will perform at the World Cup final. Shakira, during the presentation of the artists who will perform at the World Cup final. <p>Shakira has won the last remaining battle she was fighting with <a href="https://english.elpais.com/spain/2024-09-04/shakira-accuses-spanish-tax-agency-of-underlying-sexist-prejudices-and-trying-to-publicly-burn-me-at-the-stake.html" target="_self" rel="" title="https://english.elpais.com/spain/2024-09-04/shakira-accuses-spanish-tax-agency-of-underlying-sexist-prejudices-and-trying-to-publicly-burn-me-at-the-stake.html">Spain’s tax authorities</a>, which must now return more than €60 million ($69 million) in penalties that, according to the courts, were imposed on her improperly. The administrative chamber of Spain’s National Court has ruled in favor of the Colombian singer and annulled the case that forced her to pay nearly €55 million ($64 million) in back taxes and fines; those amounts must now be refunded with interest, which judicial sources say totals €9 million ($10.5 million). The ruling finds that Shakira should not have been considered a tax resident in Spain in 2011. The decision does not affect the criminal case for which she has already been convicted — in a final judgment — for <a href="https://english.elpais.com/people/2023-11-20/shakira-reaches-deal-with-spanish-prosecutors-to-avoid-going-to-prison-for-tax-fraud.html" target="_self" rel="" title="https://english.elpais.com/people/2023-11-20/shakira-reaches-deal-with-spanish-prosecutors-to-avoid-going-to-prison-for-tax-fraud.html">tax evasion </a>in later years, from 2012 to 2014.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-18/shakira-secures-60-million-victory-in-longrunning-dispute-with-spains-tax-agency.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/usa/2026-05-16/the-flip-side-of-new-yorks-skyline-crumbling-public-housing.html Sat, 16 May 2026 04:00:00 GMT https://english.elpais.com/usa/2026-05-16/the-flip-side-of-new-yorks-skyline-crumbling-public-housing.html María Antonia Sánchez-Vallejo Cobo One in 20 New Yorkers, mostly African Americans and Latinos, live in aging buildings. Refurbishing them would be more expensive than tearing them down One in 20 New Yorkers, mostly African Americans and Latinos, live in aging buildings. Refurbishing them would be more expensive than tearing them down Zohran Mamdani Latinos América John Smith (VIEWpress / Getty Images) (EL PAÍS) NEGOCIOS 10/05/2026 CARTA Social housing in Chelsea (New York). Social housing in Chelsea (New York). <p>Although the New York skyline seems to consist only of luxury skyscrapers – pencil towers so exclusive that there is just one apartment to each floor – social housing is also part of the equation and is currently torn between demand and ruin. Through the municipal agency NYCHA, the city has offered reduced rents to low- and moderate-income residents since the 1930s, and currently houses 298,206 people in 152,926 apartments, distributed in 243 residential complexes that are popularly known as “the projects.” That means home to nearly one in 20 New Yorkers, mostly African-Americans <a href="https://english.elpais.com/usa/2024-06-18/more-than-half-of-us-latinos-worry-about-being-able-to-pay-rent-or-mortgage-each-month.html" target="_self" rel="" title="https://english.elpais.com/usa/2024-06-18/more-than-half-of-us-latinos-worry-about-being-able-to-pay-rent-or-mortgage-each-month.html">and Latinos</a>.</p><p><a href="https://english.elpais.com/usa/2026-05-16/the-flip-side-of-new-yorks-skyline-crumbling-public-housing.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/technology/2026-05-15/these-are-the-workers-who-arent-afraid-of-ai-chatgpt-has-little-say-here.html Fri, 15 May 2026 16:37:25 GMT https://english.elpais.com/technology/2026-05-15/these-are-the-workers-who-arent-afraid-of-ai-chatgpt-has-little-say-here.html Luis Enrique Velasco Traditional and craft‑based trades — where the technology has yet to gain real ground — are emerging as an opportunity at a moment of deep uncertainty for office jobs Traditional and craft‑based trades — where the technology has yet to gain real ground — are emerging as an opportunity at a moment of deep uncertainty for office jobs ChatGPT Internet Claude (Anthropic) Anthropic MÒNICA TORRES (EL PAÍS) NEGOCIOS 17/05/2026 SEGUNDA PIEZA Mario Pastuszak is 24 years old and works as an electrician in Valencia. Mario Pastuszak is 24 years old and works as an electrician in Valencia. <p>It’s difficult to find a trade that technology hasn’t transformed. Automotive mechanics were aghast when diagnostic machines appeared, accelerating the discovery of faults, and metalworkers and woodworkers now have equipment that cuts with millimeter precision, saving them thousands of hours a year in their workshops. In agriculture, the <a href="https://english.elpais.com/economy-and-business/2024-11-17/workers-fear-the-age-of-robots-will-a-machine-take-my-job.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2024-11-17/workers-fear-the-age-of-robots-will-a-machine-take-my-job.html">transformation hasn’t stopped</a>. Drones and self-driving tractors are two examples of how the sector is also embracing automation. However, there’s a human factor — for now, irreplaceable — in traditional trades that brings a smile to the faces of workers like Darío Valera.</p><p><a href="https://english.elpais.com/technology/2026-05-15/these-are-the-workers-who-arent-afraid-of-ai-chatgpt-has-little-say-here.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/culture/2026-05-15/the-auction-of-two-rothkos-and-a-de-kooning-injects-optimism-into-new-york-art-week.html Fri, 15 May 2026 12:46:00 GMT https://english.elpais.com/culture/2026-05-15/the-auction-of-two-rothkos-and-a-de-kooning-injects-optimism-into-new-york-art-week.html Luis Doncel The painting ‘Brown and Blacks in Reds’ sold for $86 million, close to the record for the Latvian-born American painter. Gallery owners at the Tefaf art fair highlighted the strong investor appetite despite the economic uncertainty surrounding the Iran war The painting ‘Brown and Blacks in Reds’ sold for $86 million, close to the record for the Latvian-born American painter. Gallery owners at the Tefaf art fair highlighted the strong investor appetite despite the economic uncertainty surrounding the Iran war Mark Rothko Willem de Kooning Sotheby's Conde Nast John Nacion (Getty Images) New York Art Week Mark Rothko's painting 'Browns and Blacks in Red' was auctioned this Thursday at Sotheby's in New York. Mark Rothko's painting 'Browns and Blacks in Red' was auctioned this Thursday at Sotheby's in New York. <img src="https://images.english.elpais.com/resizer/v2/BKOCSK52FFEFDCLIUJTRYO4GDM.jpg?auth=77b6437e21ab0e50bc7d01372fcd723deeaf58878b3a2b3c5931238ad8fc8e94" width="4242" height="2828" alt="Mark Rothko's painting 'Browns and Blacks in Red' was auctioned this Thursday at Sotheby's in New York."></img><p>New York offers a very good indicator of where the world’s great fortunes are headed. And the first signs suggest that, despite the uncertainty surrounding the crisis in Iran, the wealthy are eager to spend their money, especially on art. This is the conclusion of the Sotheby’s auction held this Thursday, which marks the start of the biggest week of art in the financial capital of the United States. <a href="https://english.elpais.com/culture/2023-10-24/the-artist-the-world-needs-today-the-largest-rothko-exhibition-ever-arrives-in-paris.html" target="_self" rel="" title="https://english.elpais.com/culture/2023-10-24/the-artist-the-world-needs-today-the-largest-rothko-exhibition-ever-arrives-in-paris.html">Mark Rothko’s painting</a> “Brown and Blacks in Reds” sold for $85.8 million (with fees), very close to the Latvian-born American painter’s record of $86.9 million. This abstract painting from 1957 had a pre-sale estimate of between $70 and $100 million.</p><p><a href="https://english.elpais.com/culture/2026-05-15/the-auction-of-two-rothkos-and-a-de-kooning-injects-optimism-into-new-york-art-week.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-15/trumps-unintentional-gift-how-the-feds-erosion-opens-latin-americas-doors-to-the-euro.html Fri, 15 May 2026 09:10:22 GMT https://english.elpais.com/economy-and-business/2026-05-15/trumps-unintentional-gift-how-the-feds-erosion-opens-latin-americas-doors-to-the-euro.html Denisse López Euro-denominated debt issuance climbed to 12% in the first quarter of the year, its highest level in a decade Euro-denominated debt issuance climbed to 12% in the first quarter of the year, its highest level in a decade Euro Dólar Donald Trump América Alex Brandon (AP) Trump Fed President Donald Trump with Fed chairJerome Powell in Washington on November 2, 2017. President Donald Trump with Fed chairJerome Powell in Washington on November 2, 2017. <p>Latin America is reducing its <a href="https://english.elpais.com/economy-and-business/2026-02-02/the-dollars-decline-a-financial-reflection-of-trumps-chaotic-policy-and-a-double-edged-electoral-weapon.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-02-02/the-dollars-decline-a-financial-reflection-of-trumps-chaotic-policy-and-a-double-edged-electoral-weapon.html">dependence on the dollar</a>, and it is doing so (at least in part) as a reaction to the policies of Donald Trump’s second administration. The increasing politicization of the U.S. currency—from the use of tariffs and sanctions to <a href="https://english.elpais.com/usa/2026-05-14/kevin-warsh-will-impose-a-regime-change-after-being-appointed-chairman-of-the-federal-reserve.html" target="_self" rel="" title="https://english.elpais.com/usa/2026-05-14/kevin-warsh-will-impose-a-regime-change-after-being-appointed-chairman-of-the-federal-reserve.html">tensions with the Federal Reserve</a>—has led various governments in the region to seek more predictable alternatives for financing themselves in international markets. And the euro has emerged as the main option for dealing with institutional uncertainty in the United States.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-15/trumps-unintentional-gift-how-the-feds-erosion-opens-latin-americas-doors-to-the-euro.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-14/china-expands-its-lithium-dominance-in-latin-america-at-the-expense-of-water-strained-ecosystems.html Thu, 14 May 2026 10:02:53 GMT https://english.elpais.com/economy-and-business/2026-05-14/china-expands-its-lithium-dominance-in-latin-america-at-the-expense-of-water-strained-ecosystems.html Caio Ruvenal A report warns of the environmental and social impact of at least 28 mining-related projects that have deepened the relationship between the region and the Asian giant despite Trump’s efforts to sever those ties A report warns of the environmental and social impact of at least 28 mining-related projects that have deepened the relationship between the region and the Asian giant despite Trump’s efforts to sever those ties China Bolivia Argentina Chile México América Zhai Weikai (Getty Images) China lithium Latin America Workers manufacture lithium batteries in Jiangsu, China, in 2025. Workers manufacture lithium batteries in Jiangsu, China, in 2025. <img src="https://images.english.elpais.com/resizer/v2/EROVJSHACNCI5MNX353PTRFURU.jpg?auth=d8e04aa8fe2b677994963d2f2b1f992b4027db8a0dd7e631e89a8024762245df" width="3500" height="2333" alt="Workers manufacture lithium batteries in Jiangsu, China, in 2025."></img><p>China has been unrivaled in the lithium market since it adopted a national policy of promoting the energy transition to reduce its dependence on imported fuels and guarantee its energy security. The so-called “white gold” is essential for the lucrative electric vehicle industry, dominated by the Asian giant, as it is used in battery manufacturing. Between 2021 and 2023, demand for lithium increased by 250%, according to data from the International Energy Agency. More than half of the world’s lithium reserves are concentrated in the so-called “lithium triangle,” between Argentina, Bolivia, and Chile, which explains why China has set its sights on Latin America, with at least 28 projects linked to the lithium supply chain in five countries, including Mexico <a href="https://english.elpais.com/international/2024-07-03/lithium-brings-prosperity-and-headaches-to-one-of-the-poorest-corners-of-brazil.html" target="_self" rel="" title="https://english.elpais.com/international/2024-07-03/lithium-brings-prosperity-and-headaches-to-one-of-the-poorest-corners-of-brazil.html">and Brazil</a>.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-14/china-expands-its-lithium-dominance-in-latin-america-at-the-expense-of-water-strained-ecosystems.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/usa/2026-05-14/kevin-warsh-will-impose-a-regime-change-after-being-appointed-chairman-of-the-federal-reserve.html Thu, 14 May 2026 09:34:14 GMT https://english.elpais.com/usa/2026-05-14/kevin-warsh-will-impose-a-regime-change-after-being-appointed-chairman-of-the-federal-reserve.html Jesús-Sérvulo González Moreno The new head of the central bank aims to make a radical change in the institution’s management, reducing the balance sheet and lowering interest rates The new head of the central bank aims to make a radical change in the institution’s management, reducing the balance sheet and lowering interest rates Kevin Warsh Jerome Powell Donald Trump Estée Lauder Associated Press/LaPresse (APN) Kevin Warsh Kevin Warsh during the public hearing to defend his nomination in Congress. Kevin Warsh during the public hearing to defend his nomination in Congress. <p>Kevin Warsh has spent the last decade yearning for the chairmanship of the Federal Reserve, a goal <a href="https://english.elpais.com/economy-and-business/2026-05-13/kevin-warsh-officially-confirmed-as-federal-reserve-chair-with-senate-backing.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-05-13/kevin-warsh-officially-confirmed-as-federal-reserve-chair-with-senate-backing.html">he has just achieved</a> after Senate confirmation, thanks to the Republican majority. He succeeds Jerome Powell, a frequent target of Trump’s attacks (both legal and verbal), whose term officially ends this Friday. Warsh, a millionaire, is poised to fulfill his dream at a crucial moment for the United States’ central bank.</p><p><a href="https://english.elpais.com/usa/2026-05-14/kevin-warsh-will-impose-a-regime-change-after-being-appointed-chairman-of-the-federal-reserve.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-13/kevin-warsh-officially-confirmed-as-federal-reserve-chair-with-senate-backing.html Wed, 13 May 2026 19:09:21 GMT https://english.elpais.com/economy-and-business/2026-05-13/kevin-warsh-officially-confirmed-as-federal-reserve-chair-with-senate-backing.html Jesús-Sérvulo González Moreno The 56-year-old economist takes the helm of the Fed at a pivotal moment, amid renewed inflationary pressures and White House attempts to exert influence over the institution The 56-year-old economist takes the helm of the Fed at a pivotal moment, amid renewed inflationary pressures and White House attempts to exert influence over the institution Kevin Warsh Jerome Powell Donald Trump Irán Kevin Lamarque (REUTERS) Kevin Warsh Federal Reserve chair The new chairman of the Federal Reserve, Kevin Warsh, during the Senate hearing to defend his appointment. The new chairman of the Federal Reserve, Kevin Warsh, during the Senate hearing to defend his appointment. <p>Kevin Warsh became the new chair of the Federal Reserve on Wednesday after securing final approval from the U.S. Senate.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-13/kevin-warsh-officially-confirmed-as-federal-reserve-chair-with-senate-backing.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/culture/2026-05-13/the-future-of-streaming-after-boardroom-shake-ups.html Wed, 13 May 2026 16:12:26 GMT https://english.elpais.com/culture/2026-05-13/the-future-of-streaming-after-boardroom-shake-ups.html Natalia Marcos Recent leadership changes at major entertainment groups point to possible shifts in how their platforms are defined and positioned Recent leadership changes at major entertainment groups point to possible shifts in how their platforms are defined and positioned Netflix Warner Bros Paramount Apple TV Internet Televisión Tim Cook Movistar Bebeto Matthews (AP) Apple New CEO John Ternus, Apple's new CEO, during a presentation in New York. John Ternus, Apple's new CEO, during a presentation in New York. <p>In recent months, a wave of leadership changes has swept through major entertainment companies. The recent leadership shift at Disney adds to the impact of Paramount’s acquisition of Warner Bros. The latest shake-up at the top has come at Apple. Meanwhile, <a href="https://english.elpais.com/economy-and-business/2025-09-06/lessons-from-netflix-co-founder-on-starting-a-business-a-bad-idea-with-an-incredible-leader-can-become-great.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2025-09-06/lessons-from-netflix-co-founder-on-starting-a-business-a-bad-idea-with-an-incredible-leader-can-become-great.html">Netflix founder and chairman Reed Hastings</a> has announced his definitive departure, although in this case, the transition was already underway. In Spain, Movistar is also undergoing changes in its television division. How will this upheaval affect the future of their respective platforms?</p><p><a href="https://english.elpais.com/culture/2026-05-13/the-future-of-streaming-after-boardroom-shake-ups.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-13/trump-proposes-suspending-the-gasoline-tax-to-avoid-a-political-crisis-over-fuel-prices.html Wed, 13 May 2026 09:57:11 GMT https://english.elpais.com/economy-and-business/2026-05-13/trump-proposes-suspending-the-gasoline-tax-to-avoid-a-political-crisis-over-fuel-prices.html Jesús-Sérvulo González Moreno The price of the most commonly used fuel exceeds $4.50 per gallon, an increase of more than 50% since the start of the war in Iran The price of the most commonly used fuel exceeds $4.50 per gallon, an increase of more than 50% since the start of the war in Iran Donald Trump Irán AARON SCHWARTZ / POOL (EFE) Trump proposes suspending the gasoline tax U.S. President Donald Trump on Monday during a dinner honoring the police. U.S. President Donald Trump on Monday during a dinner honoring the police. <p>Gasoline has become Donald Trump’s Achilles’ heel. Fuel prices are a matter of national concern in a country where citizens often commute long distances to work and where cars, with their larger engines, tend to consume more fuel than elsewhere. The war in Iran has driven up oil prices, and the tension in the energy markets has spilled over to the pumps, where gasoline has become more than 50% more expensive <a href="https://english.elpais.com/economy-and-business/2026-05-08/the-war-against-iran-reinforces-us-hegemony-in-oil-and-gas.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-05-08/the-war-against-iran-reinforces-us-hegemony-in-oil-and-gas.html">since the start of the conflict.</a> Against this backdrop, the U.S. president announced this week that he will propose temporarily suspending the federal gasoline tax. The measure has been described by members of the Democratic opposition as a publicity stunt to divert attention from the rising cost of living for Americans. Other legislators from both parties support the proposal to ease the financial burden on citizens.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-13/trump-proposes-suspending-the-gasoline-tax-to-avoid-a-political-crisis-over-fuel-prices.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/international/2026-05-12/why-is-electricity-spotty-and-fuel-so-expensive-in-africas-largest-oil-producing-nation.html Tue, 12 May 2026 18:28:10 GMT https://english.elpais.com/international/2026-05-12/why-is-electricity-spotty-and-fuel-so-expensive-in-africas-largest-oil-producing-nation.html Hannah Uguru In Nigeria, decades of refinery neglect have led to an energy crisis now exacerbated by the closure of the Strait of Hormuz, as prices remain pegged to global crude benchmarks despite the new, long-awaited Dangote plant In Nigeria, decades of refinery neglect have led to an energy crisis now exacerbated by the closure of the Strait of Hormuz, as prices remain pegged to global crude benchmarks despite the new, long-awaited Dangote plant Nigeria Lagos Irán China Planeta Futuro Sodiq Adelakun (REUTERS) nigeria Drone view of an oil tanker anchored in Lagos in December 2025. Drone view of an oil tanker anchored in Lagos in December 2025. <p>When the street siren sounded outside Mr. Kofi’s tailoring shop in Ikeja, Lagos, it meant only one thing: the grid was back. His team had been sitting in the dark for most of the day. They had run out of generator fuel. Mr. Kofi joked that NEPA — local shorthand for the long-defunct agency that once ran the national grid — must have known a visitor was coming, and that’s why they “brought back the light.” He has been running his tailoring business for 25 years. His shop sits in Band A, Nigeria’s highest-priority electricity zone, promised 20 hours of power a day under the tariff reform introduced in April 2024. The fuel to bridge the gaps now costs around ₦1,300 per liter — up from a national average of ₦1,034 in January, according to the Nigerian Bureau of Statistics. </p><p><a href="https://english.elpais.com/international/2026-05-12/why-is-electricity-spotty-and-fuel-so-expensive-in-africas-largest-oil-producing-nation.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-12/traveling-without-a-passport-boarding-pass-or-hotel-key-the-seamless-travel-amadeus-dreams-of.html Tue, 12 May 2026 12:32:19 GMT https://english.elpais.com/economy-and-business/2026-05-12/traveling-without-a-passport-boarding-pass-or-hotel-key-the-seamless-travel-amadeus-dreams-of.html María Fernández Lago The tech company aspires to be a global biometrics giant, but analysts are divided on whether it’s on the right track or should focus on protecting its core business The tech company aspires to be a global biometrics giant, but analysts are divided on whether it’s on the right track or should focus on protecting its core business Amadeus Iberia IATA Google Lufthansa KLM Aena aeropuertos Sam Altman Irán Tomohiro Ohsumi (Getty Images / NEC Corporation) (EL PAÍS) Seamless travel Amadeus Facial recognition at Narita Airport (Japan). Facial recognition at Narita Airport (Japan). <p>Prepare to be scanned. Taking a flight without a boarding pass, traveling without a passport, or entering a hotel room without keys or cards is becoming increasingly likely. Tech companies dream of facilitating these “seamless journeys” through <a href="https://english.elpais.com/technology/2024-03-09/why-the-iris-offers-the-most-precious-biometric-data.html" target="_self" rel="" title="https://english.elpais.com/technology/2024-03-09/why-the-iris-offers-the-most-precious-biometric-data.html">biometrics</a>, which uniquely identifies people based on their individual biology. And whoever controls the biometric system will control a significant part of the future tourist experience, becoming a key supplier for infrastructure operators (and governments).</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-12/traveling-without-a-passport-boarding-pass-or-hotel-key-the-seamless-travel-amadeus-dreams-of.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-12/the-senate-clears-the-way-for-kevin-warsh-to-become-federal-reserve-chair-before-friday.html Tue, 12 May 2026 07:50:20 GMT https://english.elpais.com/economy-and-business/2026-05-12/the-senate-clears-the-way-for-kevin-warsh-to-become-federal-reserve-chair-before-friday.html Jesús-Sérvulo González Moreno The chamber approves the Trump nominee’s appointment as a member of the Board of Governors. The vote to confirm him is still pending The chamber approves the Trump nominee’s appointment as a member of the Board of Governors. The vote to confirm him is still pending Jerome Powell Kevin Warsh Donald Trump Washington D.C. Kevin Lamarque (REUTERS) Kevin Warsh Federal Reserve chair Kevin Warsh, Donald Trump's nominee to chair the Federal Reserve, during his Senate hearing. Kevin Warsh, Donald Trump's nominee to chair the Federal Reserve, during his Senate hearing. <p>Kevin Warsh’s path to becoming chair of the Federal Reserve is full of obstacles. On Monday, he cleared another hurdle in the Senate’s complex procedural process. However, several steps remain before Warsh is officially appointed to replace Jerome Powell, whose term as chair ends on Friday.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-12/the-senate-clears-the-way-for-kevin-warsh-to-become-federal-reserve-chair-before-friday.html" target="_blank">Seguir leyendo</a></p><img src="https://images.english.elpais.com/resizer/v2/YN4VTAXU7BBBZAPN2BZLRO5DQU.jpg?auth=ff1f67cd7cc827d414edd97067bd077a70ab16add1c14ce038c42139a772eb78" width="547" height="496" alt="Executive calendar of the Senate."></img> https://english.elpais.com/economy-and-business/2026-05-11/draculas-castle-is-bought-by-us-entrepreneur-in-charge-of-elvis-presleys-estate.html Mon, 11 May 2026 13:39:20 GMT https://english.elpais.com/economy-and-business/2026-05-11/draculas-castle-is-bought-by-us-entrepreneur-in-charge-of-elvis-presleys-estate.html Raúl Sánchez Costa The writer Bram Stoker was never in Romania, and the main character had no connection with the place, yet the stone fortress remains one of the country’s top tourist attractions The writer Bram Stoker was never in Romania, and the main character had no connection with the place, yet the stone fortress remains one of the country’s top tourist attractions Drácula Bram Stroker's Dracula Rumanía Bucarest KONTROLAB (KONTROLAB/LightRocket via Getty ) A room inside Bran Castle, Romania, an attraction for A room inside Bran Castle, Romania, an attraction for tourists as the home of the fictional character "Dracula." A room inside Bran Castle, Romania, an attraction for tourists as the home of the fictional character "Dracula." <p>The U.S. businessman Joel Weinshanker, the chief administrator <a href="https://english.elpais.com/culture/2026-02-25/baz-luhrmann-returns-to-elvis-presley-but-this-time-in-the-kings-own-words.html" target="_self" rel="" title="https://english.elpais.com/culture/2026-02-25/baz-luhrmann-returns-to-elvis-presley-but-this-time-in-the-kings-own-words.html">of Elvis Presley’s</a> rights and properties, has purchased a majority stake in the company that operates Bran Castle—popularly associated with Dracula—from the heirs of Princess Ileana of Romania, the online business news site Profit.ro reported on Friday. </p><p><a href="https://english.elpais.com/economy-and-business/2026-05-11/draculas-castle-is-bought-by-us-entrepreneur-in-charge-of-elvis-presleys-estate.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-10/in-puerto-rico-coffee-growers-are-in-demand.html Sun, 10 May 2026 04:00:00 GMT https://english.elpais.com/economy-and-business/2026-05-10/in-puerto-rico-coffee-growers-are-in-demand.html Valeria Morales Despite agroecological challenges, several local initiatives are seeking to have the island’s coffee recognized for its excellence. Historically, Puerto Rico has been known for the beverage Despite agroecological challenges, several local initiatives are seeking to have the island’s coffee recognized for its excellence. Historically, Puerto Rico has been known for the beverage Puerto Rico San Juan (Puerto Rico) América Dos Caminos (EL PAÍS) AMERICA FUTURA - PUERTO RICO - CAFE Juan Víctor Feliciano and Anthony Cáceres, founders of Café Dos Caminos. Juan Víctor Feliciano and Anthony Cáceres, founders of Café Dos Caminos. <img src="https://images.english.elpais.com/resizer/v2/35CQVKOSJ5DFZFEC677PQKKATI.jpg?auth=c712644e7cbcceea1aaadcb728e9edfaa82962417eb42cafcc9bd73312b0acb2" width="8567" height="5702" alt="Juan Víctor Feliciano and Anthony Cáceres, founders of Café Dos Caminos."></img><p>Iris Rodríguez remembers sleeping on a bed made out of sacks. Her grandfather put it together for her; she slept on it while her family processed coffee in the early hours of the morning, during harvest time. “That’s one of the memories that made me feel like I belonged and that I was loved by my family,” she recalls.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-10/in-puerto-rico-coffee-growers-are-in-demand.html" target="_blank">Seguir leyendo</a></p><img src="https://images.english.elpais.com/resizer/v2/5LHCYMLC3ZBEJAAIKRX3UFML5U.jpg?auth=fb13c839ad627406bcbcc41c960ce060053b6f4ce06642f9df5039ad732df6a9" width="9520" height="6336" alt="Dos Caminos coffee packaging."></img><img src="https://images.english.elpais.com/resizer/v2/APBA3XZ4DZEFLGH3BXYEKKR3QU.jpg?auth=9b29dec9d7a2107ab532070aff020ba328e4962eb059f528ca76cfc86c9047bc" width="1944" height="1296" alt="Iris Rodríguez and the board of directors of Puerto Rico Coffee Producers Inc. (Procafé)."></img><img src="https://images.english.elpais.com/resizer/v2/TFI46WKYTFDE5FDY2MEBSHV67M.jpg?auth=b2ab59da5ae820259c4ddd3ba99982df440c05f1dae614b7b8e09be94a0f47fe" width="1126" height="788" alt="The use of drones in a farm restoration project organized by Cafiesencia. "></img> https://english.elpais.com/economy-and-business/2026-05-10/mexicos-biggest-fortunes-seek-certainty-outside-the-country.html Sun, 10 May 2026 04:00:00 GMT https://english.elpais.com/economy-and-business/2026-05-10/mexicos-biggest-fortunes-seek-certainty-outside-the-country.html Eyanir Chinea Thousands of family assets will be in the hands of millennial and Gen Z entrepreneurs in the coming years, far more inclined to invest abroad and move away from the industrial tradition Thousands of family assets will be in the hands of millennial and Gen Z entrepreneurs in the coming years, far more inclined to invest abroad and move away from the industrial tradition México Carlos Slim Claudia Sheinbaum América Max Zolotukhin (Getty Images) dolar peso mexicano Inheritance law is changing investment preferences. Inheritance law is changing investment preferences. <p>Mexican capital is changing hands and hence its destiny. As the largest wealth transfer in recent history gains momentum, younger heirs are diversifying and moving away from the industrial model that built their grandparents’ fortunes, instead directing their investments towards international markets. This silent but sustained shift occurs in parallel with the loss of confidence and the economic slowdown in the country, and threatens to accelerate the <a href="https://english.elpais.com/international/2025-07-10/mexicos-cycle-of-poverty-i-have-to-work-hard-to-live-better-than-my-mother-did.html" target="_self" rel="" title="https://english.elpais.com/international/2025-07-10/mexicos-cycle-of-poverty-i-have-to-work-hard-to-live-better-than-my-mother-did.html">lack of productive domestic investment</a>.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-10/mexicos-biggest-fortunes-seek-certainty-outside-the-country.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-10/kim-rivers-the-queen-of-marijuana-who-rewrote-the-industrys-rules.html Sun, 10 May 2026 04:00:00 GMT https://english.elpais.com/economy-and-business/2026-05-10/kim-rivers-the-queen-of-marijuana-who-rewrote-the-industrys-rules.html Almudena Barragán Gaspar Part of the entrepreneur’s success lies in building a brand identity far removed from the traditional imagery surrounding cannabis Part of the entrepreneur’s success lies in building a brand identity far removed from the traditional imagery surrounding cannabis José Manuel Esteban (CincoDías) Kim Rivers <img src="https://images.english.elpais.com/resizer/v2/RHBYEQG7DNFZ3DWWZS6S66EP6M.jpg?auth=994f9330edfcfd57dad339ae8a8571f2d97a336f6004b8d84ed759a6926fd8dd" width="1920" height="1343" alt="."></img><p>Kim Rivers, 48, founder and CEO of the cannabis company Trulieve, will never forget December 18, 2025. The Florida entrepreneur was among the guests in the Oval Office when U.S. President Donald Trump signed the historic order to reclassify marijuana in the United States as a lower‑risk drug, moving it from Schedule I to Schedule III of the Controlled Substances Act. The president’s order, which recently took effect, does not legalize recreational marijuana nationwide, but it allows companies like Trulieve to operate with far better tax treatment and opens the door to <a href="https://english.elpais.com/health/2024-01-31/how-does-cannabis-work-two-european-projects-search-for-ways-to-use-it-as-medicine.html" target="_self" rel="" title="https://english.elpais.com/health/2024-01-31/how-does-cannabis-work-two-european-projects-search-for-ways-to-use-it-as-medicine.html">scientific and medical research</a> in an industry valued at more than $30 billion.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-10/kim-rivers-the-queen-of-marijuana-who-rewrote-the-industrys-rules.html" target="_blank">Seguir leyendo</a></p><h3>Political favors and a legal scandal</h3><p>Kim Rivers’s husband, John “J.T.” Burnette, was sentenced in 2021 to three years in prison and a $1.25‑million fine on corruption charges involving bribes to Tallahassee officials and efforts to influence public decisions affecting real‑estate projects and state regulations. He was also accused of attempting to shape state legislation — including rules related to the cannabis sector — by pushing for regulatory requirements that would benefit certain actors and make it harder for competitors to enter the market. Rivers was neither investigated nor implicated. She received immediate backing from Trulieve’s board of directors, which helped her remain insulated from the scandal and preserve her position without damage to her professional reputation.</p> https://english.elpais.com/economy-and-business/2026-05-09/the-immense-power-of-the-new-plutocracy-how-billionaires-like-musk-bezos-and-zuckerberg-shape-our-lives-and-our-democracies.html Sat, 09 May 2026 04:00:00 GMT https://english.elpais.com/economy-and-business/2026-05-09/the-immense-power-of-the-new-plutocracy-how-billionaires-like-musk-bezos-and-zuckerberg-shape-our-lives-and-our-democracies.html Francisco de Zárate Wealth is becoming increasingly concentrated in fewer and fewer hands. The world’s wealthiest individuals are transforming their money into political influence to shape society and the democratic system to their liking Wealth is becoming increasingly concentrated in fewer and fewer hands. The world’s wealthiest individuals are transforming their money into political influence to shape society and the democratic system to their liking Elon Musk Donald Trump Mark Zuckerberg Jeff Bezos Amazon Meta Starlink Facebook Twitter Google Pau Valls (EL PAÍS) NEGOCIOS 19/04/2026 COVER <p>On May 5, 1789, King Louis XVI of France inaugurated the Estates-General. The institution convened that year to address the problem of rampant inflation and the bankruptcy of the monarchy, which was deeply indebted due to a lack of revenue. Neither the nobility nor the clergy paid taxes. Not because they were short of money. Their reason for exemption was simpler and more absurd: it was their privilege.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-09/the-immense-power-of-the-new-plutocracy-how-billionaires-like-musk-bezos-and-zuckerberg-shape-our-lives-and-our-democracies.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/climate/2026-05-08/gdp-doesnt-protect-against-the-heat-european-regions-with-more-resources-face-a-higher-risk-of-mortality-from-high-temperatures.html Fri, 08 May 2026 12:06:33 GMT https://english.elpais.com/climate/2026-05-08/gdp-doesnt-protect-against-the-heat-european-regions-with-more-resources-face-a-higher-risk-of-mortality-from-high-temperatures.html Clemente Álvarez Andrés A study led by ISGlobal shows that the most disadvantaged areas are more vulnerable to extreme weather, especially to the cold A study led by ISGlobal shows that the most disadvantaged areas are more vulnerable to extreme weather, especially to the cold Nature Barcelona ISGlobal Frédéric Soltan (Corbis via Getty Images) Higher risk of mortality from high temperatures The La Défense business district in Paris. The La Défense business district in Paris. <p>When temperatures soar, it’s assumed that having more financial resources allows for more air conditioning and access to swimming pools to cool off. However, the reality is more complex, and wealth doesn’t <a href="https://english.elpais.com/climate/2025-08-13/from-mont-blanc-to-rome-heat-waves-are-suffocating-europe.html" target="_self" rel="" title="https://english.elpais.com/climate/2025-08-13/from-mont-blanc-to-rome-heat-waves-are-suffocating-europe.html">protect against the heat</a>. This is according to <a href="https://www.nature.com/articles/s44360-026-00106-0.epdf" target="_blank" rel="" title="https://www.nature.com/articles/s44360-026-00106-0.epdf">a study</a> led by the Barcelona Institute for Global Health (ISGlobal), which found that European regions with higher socioeconomic levels have a greater risk of mortality from high temperatures than less privileged ones.</p><p><a href="https://english.elpais.com/climate/2026-05-08/gdp-doesnt-protect-against-the-heat-european-regions-with-more-resources-face-a-higher-risk-of-mortality-from-high-temperatures.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-08/the-war-against-iran-reinforces-us-hegemony-in-oil-and-gas.html Fri, 08 May 2026 07:41:09 GMT https://english.elpais.com/economy-and-business/2026-05-08/the-war-against-iran-reinforces-us-hegemony-in-oil-and-gas.html Jesús-Sérvulo González Moreno,Ignacio Fariza Crude oil sales, at record highs, are making the country a net exporter for the first time since World War II Crude oil sales, at record highs, are making the country a net exporter for the first time since World War II Irán Donald Trump Doha Fracturación hidráulica Jon Shapley (AP) Corpus Christi Water Shortage A Citgo refinery in Corpus Christi, Texas, in a file photo. A Citgo refinery in Corpus Christi, Texas, in a file photo. <p>The double blockade of the Strait of Hormuz is a landmark event with countless repercussions. For oil and gas importing countries, especially the poorest ones, it means suffering. It also means hardship for Persian Gulf exporters, accustomed to abundance, who are now <a href="https://english.elpais.com/economy-and-business/2026-05-07/trucks-trains-and-pipelines-gulf-countries-desperately-seek-new-routes-to-sell-their-oil.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-05-07/trucks-trains-and-pipelines-gulf-countries-desperately-seek-new-routes-to-sell-their-oil.html">seeing their sales channels cut off</a>. And it means a windfall for fossil fuel powers outside the region, who are able to sell—and at much higher prices—everything they extract from the ground. One name stands out: the United States, which in little more than a decade has gone from significant energy dependence to a hegemony now reinforced by the war—its own war—against Iran.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-08/the-war-against-iran-reinforces-us-hegemony-in-oil-and-gas.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/culture/2026-05-07/pukkart-the-tech-guardian-against-fraud-in-works-of-art.html Thu, 07 May 2026 10:56:16 GMT https://english.elpais.com/culture/2026-05-07/pukkart-the-tech-guardian-against-fraud-in-works-of-art.html Ginés Donaire The company is developing a platform that certifies traceability and certifies authorship in newly registered works The company is developing a platform that certifies traceability and certifies authorship in newly registered works Diego Velázquez Córdoba Murillo EL PAÍS NEGOCIOS 03/05/2026 PUKKART Pukkart's art identification system. Pukkart's art identification system. <p>The world of art resale has long been associated with <a href="https://english.elpais.com/culture/2023-10-28/the-unending-fight-against-fake-works-of-art.html" target="_self" rel="" title="https://english.elpais.com/culture/2023-10-28/the-unending-fight-against-fake-works-of-art.html">the shadow of fraud</a>. Against this backdrop, two researchers from the University of Córdoba in Spain decided five years ago to tackle the problem head-on. Building upon the company DigitArt, they created Pukkart, a technology platform specializing in the physical and digital certification of artworks and other goods.</p><p><a href="https://english.elpais.com/culture/2026-05-07/pukkart-the-tech-guardian-against-fraud-in-works-of-art.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-07/a-chinese-court-sets-limits-on-the-dismissal-of-a-worker-replaced-by-ai.html Thu, 07 May 2026 10:11:38 GMT https://english.elpais.com/economy-and-business/2026-05-07/a-chinese-court-sets-limits-on-the-dismissal-of-a-worker-replaced-by-ai.html Inma Bonet Bailén A Hangzhou judges declares illegal the termination of the contract of an employee whose job was replaced with large language models A Hangzhou judges declares illegal the termination of the contract of an employee whose job was replaced with large language models China Alibaba DeepSeek ChatGPT Andy Wong (AP) China AI Workers at an artificial intelligence office in Beijing, on March 22. Workers at an artificial intelligence office in Beijing, on March 22. <p>Hangzhou, the city that gave birth to tech giant Alibaba and the DeepSeek model, and a showcase of <a href="https://english.elpais.com/eps/2025-07-12/china-has-a-plan-technological-innovation-to-secure-its-place-on-the-geopolitical-stage.html" target="_self" rel="" title="https://english.elpais.com/eps/2025-07-12/china-has-a-plan-technological-innovation-to-secure-its-place-on-the-geopolitical-stage.html">China’s ambition in artificial intelligence (AI)</a>, has issued a legal warning regarding the labor limits of that very same technology. The Intermediate People’s Court of this eastern Chinese city has ruled illegal the dismissal of an employee whom his company attempted to replace with AI after demoting him and cutting his salary by 40%. Released on the eve of International Labor Day as part of a series of landmark cases concerning the protection of labor rights in the industry, the ruling draws a red line in a country determined to lead this new technological revolution, but increasingly vigilant to ensure that its costs do not erode social stability.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-07/a-chinese-court-sets-limits-on-the-dismissal-of-a-worker-replaced-by-ai.html" target="_blank">Seguir leyendo</a></p> https://english.elpais.com/economy-and-business/2026-05-07/trucks-trains-and-pipelines-gulf-countries-desperately-seek-new-routes-to-sell-their-oil.html Thu, 07 May 2026 08:57:00 GMT https://english.elpais.com/economy-and-business/2026-05-07/trucks-trains-and-pipelines-gulf-countries-desperately-seek-new-routes-to-sell-their-oil.html Ignacio Fariza ,Trinidad Deiros Aside from short-term fixes, several countries in the region are reviving old projects to overcome the Hormuz blockade Aside from short-term fixes, several countries in the region are reviving old projects to overcome the Hormuz blockade Irán Israel Omán China Arabia Saudí Kuwait Tom Hanley / Alamy Stock Photo (Alamy Stock Photo) Gulf countries oil Ras Tanura refinery in Saudi Arabia, in an undated image. Ras Tanura refinery in Saudi Arabia, in an undated image. <p>The countries of the Middle East had not faced such a critical economic situation in decades. Some of them, never. The double blockade of the Strait of Hormuz has plunged their oil and gas exports to multi-year lows, slashing their revenues, forcing them to seek external aid—from the same country, the United States, which, along with Israel, has once again turned the region into a tinderbox—and to desperately search for <a href="https://english.elpais.com/economy-and-business/2026-05-05/strait-of-hormuz-fills-up-with-loaded-tankers-without-a-clear-destination.html" target="_self" rel="" title="https://english.elpais.com/economy-and-business/2026-05-05/strait-of-hormuz-fills-up-with-loaded-tankers-without-a-clear-destination.html">alternatives to sell their fossil fuel production</a>. Without these exports, they can barely hold out for many more weeks without the financial damage worsening.</p><p><a href="https://english.elpais.com/economy-and-business/2026-05-07/trucks-trains-and-pipelines-gulf-countries-desperately-seek-new-routes-to-sell-their-oil.html" target="_blank">Seguir leyendo</a></p>