News
Stellantis Turns to China to Save Its European Factories
4+ day, 14+ hour ago (772+ words) Brazil " Auto Industry "A strategy reveal. Stellantis unveils a long-term plan on May 21 in Auburn Hills, Michigan, the first under CEO Antonio Filosa, centered on deeper ties with Chinese carmakers. "Sharing idle plants. The plan reportedly includes sharing under-used European…...
37 European Banks Now Back a Euro Stablecoin to Rival the Dollar
4+ day, 15+ hour ago (890+ words) Global " Fintech & Payments "The consortium just grew sharply. Twenty-five new banks, including Spain's Sabadell and Bankinter, joined Qivalis, lifting it to 37 financial institutions across 15 European countries. "A regulated euro stablecoin. The Amsterdam-based venture plans a Mi CA-compliant token pegged 1: 1 to…...
Spain and Portugal Close Their Golden Visa Doors, Forcing LATAM Investors to Reroute
1+ week, 5+ day ago (568+ words) Spain ended its Golden Visa program entirely on April 3, 2025 under Ley Org'nica 1/2025, eliminating all five investment paths including real estate, public debt, equities, funds and entrepreneurial projects. Portugal stripped real estate from its Golden Visa in 2023 and tightened naturalization to…...
Neoenergia Q1 2026 Profit Jumps 28% as Iberdrola Moves to 98% Control of Brazilian Utility
3+ week, 4+ day ago (1141+ words) 3 Key Points "Neoenergia (NEOE3), the Brazilian utility controlled by Spain's Iberdrola, reported Q1 2026 net profit of R$1. 2 billion ($228 M), up 28% year-over-year from approximately R$940 million ($179 M), with Cash EBITDA of R$3 billion ($570 M) rising 8% " the profit-to-EBITDA amplification reflecting improved financial leverage and tax-efficiency gains as…...
Italy's Eni Signs Major Venezuela Crude and Gas Deal
3+ week, 4+ day ago (176+ words) This is one of the most important bets for our country in recent times," interim President Delcy Rodriguez said about the Eni agreement. The framing positions Venezuela's post-Maduro reopening as a structural pivot toward foreign capital reentry, dismantling the absolute-state-control…...
World's Largest Trade Zone Activates Friday: Mercosur-EU
3+ week, 5+ day ago (397+ words) The Mercosur-EU trade deal enters force Friday May 1 " 26 years after negotiations began " creating a free-trade zone covering 720 million people and US$22 trillion in combined GDP, the largest such activation in modern global history. The asymmetric tariff schedule reflects Mercosur's structurally…...
Lula Opens Hannover Messe With a Biofuels Challenge and 10 German Agreements
1+ mon, 5+ day ago (214+ words) " Lula and German Chancellor Friedrich Merz opened the Hannover Messe 2026 on Sunday, with Brazil as official partner country " six pavilions, 140+ companies, 800+ Brazilian executives, and the largest Brazilian industrial showcase abroad in decades " Lula challenged European biofuel barriers in his keynote:…...
Portugal Needs 1. 3 Million Foreign Workers: What It Means for Brazilians
1+ mon, 2+ week ago (229+ words) " Portugal projects it will need up to 1. 3 million new foreign workers by 2030 to keep its economy and pension system solvent, according to research based on data from the country's National Statistics Institute (INE) and immigration agency AIMA. " Immigration is already…...
The EU-Mercosur Deal Explained: What Starts on May 1, Who Wins, Who Loses, and What's Still at Risk
1+ mon, 3+ week ago (818+ words) " The EU-Mercosur trade deal enters provisional application on May 1, 2026, creating a free trade zone of more than 700 million consumers and roughly 20% of global GDP " the largest such agreement either bloc has ever signed " Over 90% of bilateral tariffs will be phased…...
Spain Closes Express Residency Path for Venezuelans After 240, 000 Permits
1+ mon, 3+ week ago (574+ words) " Spain will close in June a fast-track humanitarian residency pathway that granted approximately 240, 000 permits to Venezuelans since 2018 " up to 50, 000 in 2025 alone " Venezuela's community in Spain has nearly tripled to 700, 000 from 255, 000 in 2018, making Spain the largest destination for the Venezuelan diaspora…...