Fri, Mar 14, 2025

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Saudi sovereign wealth fund takes US$11bn loss amid global market downturn

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), experienced an US$11 billion loss in its investments in 2022. The decline in global stock and bond prices negatively impacted the fund’s holdings, contrasting with its US$19 billion profit in 2021 when markets recovered from the pandemic. Despite not disclosing the shareholder returns for 2022, […]

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U.S. Poised to Restrict AI Investments in China: A New Era in Tech Competition

The United States is on the brink of limiting American investments in artificial intelligence (AI) in China. This move signals a significant shift in the ongoing technological rivalry between the two global powerhouses. The new regulations aim to prevent US expertise from bolstering China’s military capabilities. President Joe Biden set this initiative in motion by […]

Spain’s S-80 Submarine Draws Global Interest

Spain’s S-80 submarine, crafted in Cartagena, is capturing global interest, with several countries eyeing potential acquisitions. Initially, Australia emerged as a key international customer, drawn to the S-80’s ability to integrate third-party combat systems, especially from the United States. This feature set the S-80 apart from competitors like France and Germany, bolstering its appeal. Spain’s […]

Latin American Firms Double Investments in Spain

In 2023, Spain confirmed its status as a prime destination for Latin American investors, doubling their investments to $3.051 billion. Elisa Carbonell from ICEX and Andrés Allamand, Ibero-American Secretary General, showcased this in the Global LATAM 2024 report. During the presentation, they stressed Spain’s strategic role as a gateway to Europe and North Africa for […]

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