Good morning!
Banking secrecy has hidden the Swiss banks’ way of working for years. When it was lifted, not all the institutions made the necessary adjustments. Credit Suisse, for example, has always had problems with transparency. Now the Swiss government has had to intervene. Fifteen years after the 2008 crisis, this case revives the debate on the regulation of the financial sector.
The Swiss government has forced UBS to buy rival Credit Suisse, a poorly managed bank for years, for $3.25 billion. The Swiss financial sector is badly hit. The central banks guarantee, in a joint operation, liquidity for all daily refinancing operations in foreign currencies.
The PSOE defends that all Spaniards have the same tax treatment. He is opposed to communities lowering taxes to attract companies and large fortunes, as is the case with Madrid and Andalusia, governed by the PP.
The leadership of Podemos pressures Yolanda Díaz, the most popular politician in Spain, to close an electoral pact before the municipal elections on May 28. Díaz has her own electoral platform (Sumar) and is resisting the agreement.
Putin yesterday visited Mariupol, the Ukrainian city on the Azov Sea coast that his army razed before occupying it. The Kremlin leader even allowed himself to drive through the deserted streets. Today he receives Xi Jinping in Moscow to discuss his peace plan.
Scotland Yard has fallen out of favor with the British. Only 43% trust this police force, shaken by various scandals of machismo and homophobia. The population also feels insecure.
The catch of sharks and similar species, such as blue sharks and makos, has skyrocketed and reaches 7 million tons per year. Spain is responsible for 25% of the catches. Sustainable fishing of these species is not possible. The dogfish, for example, has almost disappeared.
The court clerks have been on strike for two months. They are demanding that their salaries be matched with those of judges and prosecutors, which are now more or less double. The strike means that they have stopped distributing 400,000 demands and 330,000 trials and views have had to be postponed. The delay will take a year and a half to correct.
“The messenger RNA flu vaccine will be more effective than the current ones.” Read it here.
FC Barcelona has taken a giant step towards winning the league title by defeating Real Madrid 2-1 at the Camp Nou. The game was very balanced and decided a goal by Kessié in the last stretch. Now, Barça is 12 points ahead of Madrid.
Podium 100 for Fernando Alonso in Saudi Arabia. He finished third in the Yida Grand Prix, behind the two Red Bulls. The race was won by Sergio Pérez. Alonso’s Aston Martin confirms that it is the best car after the Red Bull.
The Meloni government has revived the project to build the Messina bridge to link Sicily with Calabria. There are three kilometers, a pharaonic work that the Romans already dreamed of and that was parked in 2012 due to its great environmental impact and the risk of an earthquake.
“The Spanish language grows and progresses in the United States.” Read it here.
