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Economy

Economy

It wasn’t long ago that Jean-Claude Juncker said that politicians all knew what measures were needed to resolve Europe’s problems, but no one knew how to get re-elected after applying them. Now the situation is more complicated. Europe is facing new problems, and it is no longer what needs to be done to address them.

US and EU representatives agreed to extend the current round of talks regarding the Transatlantic Trade and Investment Partnership (TTIP), started on February 22nd, two additional weeks. Both parties were clear about their satisfaction regarding the ground covered over the past days, and ratified their commitment to conclude an agreement in 2016.

Market downfalls at the beginning of the year have put investors on guard. The sharp decline in oil prices and questions over the Chinese economy leave their mark on the global economic outlook. BBVA Asset Management expects to see moderate growth in the global economy in 2016 but suggests caution when building portfolios due to increased risk. Diversification and hedging are necessary.

BBVA signed a strategic alliance with Cisco today that will help the company in its digital transformation process, allowing Cisco to become its priority technology partner. The agreement seeks to foster connectivity and collaboration between BBVA Group clients and employees and provide networking solutions. This is the first of a series of alliances that BBVA is aiming to forge with strategic partners. BBVA CEO Carlos Torres Vila and Cisco CEO Chuck Robbins have taken part in the signing of the agreement.

Picture of Martin Ravallion, Frontiers of Knowledge Awards BBVA Foundation

Australian economist Martin Ravallion has been distinguished with the BBVA Foundation’s Frontiers of Knowledge Award in Development Cooperation for revolutionizing the fight against poverty by creating reliable indicators to measure it. In 1991 he established at one dollar a day the minimum amount that a person needs to survive, which helped establish for the first time specific goals to eliminate extreme poverty globally. After the latest update, the international poverty line is set at US$1.90 a day.

In spring 2016, the BBVA Expedition led by Carlos Soria will help the seasoned climber to take on one of the most ambitious challenges in his career: the “double goal” of crowning the summits of the Annapurna and the Dhaulagiri.

BBVA Ambassadors: Nori Gallegos, a woman of steel

NOTHING’S IMPOSSIBLE

Nothing can stop Nori Gallegos [BBVA Bancomer, Mexico]. She knows that with patience and lot of teamwork, no distance is too far and no challenge too difficult. “Nothing is impossible. You have to dream big and work every day to make them come true,” she says.