The Spanish government plans to invest up to $2.2 billion in Telefónica to safeguard a vital national asset against Saudi Arabia’s growing involvement in the company. Telefónica is a leading global telecommunications company of Spanish origin. It operates in 12 countries and employs an average of 113,182 people. Spain’s investment entity, Sepi, will acquire up […]
Related Posts
Hypersonic Travel: Venus Aerospace’s 2-Hour London to Texas Flight
The world of aviation is on the brink of a major breakthrough. Venus Aerospace has announced plans to test its hypersonic jet, the Venus Stargazer M4, in 2025. This aircraft promises to reach speeds of 3,600 miles per hour, potentially changing the face of commercial air travel. At the heart of this innovative aircraft lies […]

Brazil’s Finance Minister Haddad rises in favor, with market confidence soaring to 65% in latest survey
Finance Minister Fernando Haddad’s market approval has soared to 65% in a recent survey conducted by Genial/Quaest. The survey involved 94 professionals from major investment houses in Rio de Janeiro and São Paulo, including managers, economists, analysts, and decision makers. These results indicate a positive assessment of Haddad’s performance as part of President Luiz Inácio […]
Dollar Rises Amid Global Caution
Today, amid global market caution, the U.S. dollar is trading at R$ 4.92 in Brazil. In response, both U.S. and Brazilian interest rates have shifted. Federal Reserve Chair, Jerome Powell, hints at another rate hike this year. Furthermore, commodity prices are falling, giving the dollar another boost. Yesterday, the dollar closed at R$ 4.88. It […]