The 49th World Economic Forum, known as the Davos Forum, is set to begin on January 22 in the Swiss district of Davos-Klosters. For four days politicians, businessmen, and representatives from social and cultural organizations will gather to discuss global problems and identify solutions. This year, the forum will place special emphasis on international collaboration, giving the world a voice.
06 Jul 2018
The European Council meeting held on June 28 and 29 took some steps toward euro reform; conclusion of agreements will likely occur at the next meeting in December. Although it was hoped that the summit would address key questions like the budget proposed by Germany and France, ultimately the European partners chose to adopt a minimum agreement. The agreement includes measures such as support for a banking resolution fund, but the reform of the euro was deferred.
28 Jun 2018
The Council of Europe will hold its June summit at a complex time with significant challenges on economic, political, and social issues. As BBVA Research points out, it also represents an opportunity to further strengthen the EU’s Economic and Monetary Union. As such, the reform of the euro will be one of the decisive elements, although also one of the most controversial.
16 Mar 2018
In a strong show of support Wednesday, the Senate passed a bipartisan financial regulatory reform bill by a favorable vote of 67-31.
The bill, S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, includes an easing of regulations particularly for small banks, community lenders and regional banks and is widely seen as the most significant revision to financial rules since the sweeping regulatory reform known as Dodd-Frank was passed in the wake of the financial meltdown in 2010.
31 Jan 2018
BBVA Compass assembled a worldly-wise panel in Houston last week to help its Global Markets clients, all of whom maintain assets outside the U.S., sort through the barrage of global economic news to better understand the risks.
28 Dec 2017
Sustainable Development is essential to achieving more peaceful and just societies and the United Nations counts on the private sector to help in this effort. The BBVA Microfinance Foundation (BBVAMF) has contributed its experience in the finance sector to the report entitled “Business and SDG 16: contributing to peaceful, just and inclusive societies,” drawn up by the Sustainable Development Goals Fund and the University of Pennsylvania.
20 Dec 2017
17 Nov 2017
The European Union’s banking and medicine agencies are moving. This is one of the direct consequences of the United Kingdom’s approaching departure from the European Union (Brexit). On Monday, November 20th, the 27 member states will vote on which European cities will be the new home of these two agencies.
29 Sep 2017
After seven years of negotiations, the Canada-Europe Trade Agreement, CETA, has entered into force provisionally. Under this bilateral agreement, the most ambitious signed to date by Brussels, most custom duties levied on trade flows between both countries will be scrapped.
24 Jul 2017
For every 100 euros European citizens earn, they pay an average of 50 euros in taxes and contributions. Of the amount they pay in taxes, only 1 euro is devoted to financing the budget of the European Union. Thus, in total, Europe manages a budget equivalent to 1% of the gross national income of its Member States. However, the way this money is invested has a direct impact on the lives of Europeans.
The current climate of change inside and outside Europe has led the European Commission to reflect on the future of its public accounts. In the document entitled ‘The Future of EU finances‘, the Commission analyzes the current configuration of the budget and its future options. This document is part of a series of reflections brought about by the White Paper on the future of Europe, which set forth the different challenges and scenarios the EU will be facing through 2025.
30 May 2017
Companies are facing the challenge of correctly interpreting information to create valid patterns they can apply to their businesses.
16 May 2017
Technological capital, human capital, regulatory capital and social capital… all are dimensions that the science of economics measures and includes in its analyses. Cultural capital is not a common concept in this science, however. But Timothy Besley, Professor at the London School of Economics (LSE) feels it is fundamental as a conditioning aspect of the economic activity of any organization, institution or country.
10 May 2017
Hand in hand with his wife Winnie, Nelson Mandela left Víctor Verster Prison as a free man for the first time in 27 years. At the gate, a police cordon held back the emotional crowd that was waiting for the South African leader and that blocked the path of the car that took Mandela to Cape Town’s Grand Parade, the square that was jammed with the hundreds of thousands of other supporters awaited him on the day of his liberation.
03 Feb 2017
The U.K. is convinced that London will continue to be Europe’s fintech capital and a global financial center after Brexit. But other European capitals are hoping to take its place. It will all depend on the long negotiation about to begin between the EU and the U.K.
28 Dec 2016
27 Dec 2016
Now that the end of 2016 is just a few hours away, it may be the right time to take a look at some of the highlights of a politically charged year. Elections, referendums, resignations and international events marked the course of the world and grabbed endless headlines.
08 Nov 2016
Are you having a crushingly tedious day at work? Try playing Google autocomplete. Type the start of a question into the world’s most trusted search engine, and marvel as the aggregated curiosity of the global crowd is marshalled to anticipate your inquiry
02 Nov 2016
Fintech firms could be the saving grace for the U.K.’s financial sector, but greater complications to attract global talent could pose a serious problem. It all depends on the political negotiations.
14 Sep 2016
Europe hopes to end the tax breaks that some countries in the region offer to major corporations. The New York times published an overview of all the battle fronts in the current crusade led by Denmark’s Margrethe Vestager, European Commissioner for Competition.
06 Sep 2016
Just as in previous years, the G20 summit – held in China this year – has drawn worldwide attention. But the leaders of the 20 major economies were not the only ones to meet in Hangzhou. In parallel, business leaders from these same economies presented their proposals in the Business 20 event.
24 Aug 2016
Renewable energies are not only an investment opportunity, a response to the planet’s urgent need for sustainability and a change that will improve our lives –they can also rescue remote populations from their isolation and help ease their problems. Microgrids are making giant strides in every corner of the world, combining goals and mobilizing interests.
10 Aug 2016
The planet’s survival is an issue over which, by definition, all interests converge. Finally, after wasting precious decades and, with some exceptions, renewable energies seem to be managing to get politicians, businesses and citizens to unite and fight for a common cause.
02 Aug 2016
The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.
21 Jul 2016
Wind has garnered a reputation for being not only an environmentally-friendly, but also a wallet-friendly alternative to produce electricity at a utility-scale level. This is in sharp contrast to the U.S. debut of large wind farms in 1980, which were primarily in response to environmental concerns and emissions reductions standards. Moreover, estimates on the cost of producing electricity with wind energy have been trending downward, making wind energy competitive with conventional energy sources, even after taking into account both government incentives and the historically low prices of natural gas and coal.
18 Jul 2016
Nelson Mandela International Day is held on July 18. In November 2009 the United Nations General Assembly decided to set this day in honor of the former President of South Africa to coincide with the date of his birth. In the body’s resolution 64/13 Mandela’s values, his struggle for democracy, promoting human rights, equality and peace and great humanitarian work are recognized.
16 Jun 2016
Fed members just can’t seem to make up their mind these days. One minute they are shouting out encouraging signals about the U.S. economy, and the next it is all gloom and doom. In the end, we are left with a mixed signal as to what is really going on, with the impression that Fed members themselves don’t really have any idea on how to proceed in such an uncertain economic environment.
10 Jun 2016
In the closest elections of Peru’s history, the economist Pedro Pablo Kuczynski was selected as the new President of Peru, winning by a slight margin over Keiko Fujimori.
06 Jun 2016
The San Pablo leper colony in Iquitos in the Peruvian Amazon is not only famous for being one of the hostels where Che Guevara stayed during his travels around Latin America in his youth. It is also known for having been the research institute where Dr Maxime Kuczynski began his fight against tropical disease in the Peruvian jungle. Maxime, a German doctor with Polish and Jewish roots, married the schoolmistress, Madeline Godard, a French citizen with Swiss lineage. Together they had a son called Pedro Pablo, born October 3 1938 in the city of Lima, the capital of Peru.
The first time the Peruvians set eyes on Keiko Fujimori was on the morning of April 8, 1990. It was a direct broadcast on national television of the breakfast of the surprise candidate in the presidential elections that year. In the general elections in Peru the tradition is for journalists to go en masse to the home or campaign headquarters of the presidential candidates to accompany and follow them to each of the campaign events, the first of which is their breakfast.
Mexico’s President, Enrique Peña Nieto, brought the work of the National Meeting of BBVA Bancomer Directors to a close, saying confidence in the country was strong, as demonstrated by 110 billion dollars of direct foreign investment over the last thee years.
19 Apr 2016
After enduring over 40 civil wars during the 19th century, the 20th century brought the rise of the guerilla warfare to Colombia. Today, in the midst of the 21st century, the country still does not know what it means to live in peace. But hope remains alive today more than ever, thanks to the strides made in the negotiation process that Juan Manuel Santos’ government is holding with the two only guerrillas that remain active in the country, and in Latin America at large: The FARC or Revolutionary Armed Forces of Colombia and the ELN or National Freedom Army. Signing a final deal with these two groups would mean the end of one of the world’s longest-running conflicts in the world.
Negotiations between Juan Manuel Santos’ government and the Fuerzas Armadas Revolucionarias de Colombia (FARC) began in 2012. Talks with the Ejército de Liberación Nacional (ELN) will start in May. It has been a long, complicated peace process. While a definitive peace agreement is still pending, the steps taken so far can be considered milestones in Colombia’s history.
10 Mar 2016
The Brexit (the term coined to refer to an eventual departure of the United Kingdom from the European Union) was the main topic discussed during the last European Council, which took place during February 18th and 19th. After two days of negotiations, an agreement was concluded that, in general terms, meets the UK’s demands.
01 Mar 2016
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.
12 Feb 2016
05 Feb 2016
05 Jan 2016
Economic recovery, balancing national budgets and controlling inflation are just some of the challenges facing Latin American countries in the coming year. After a less than dynamic 2015, it is hoped that 2016 will see a return to economic growth, though this is one objective which will not be easy to achieve.
30 Dec 2015
2015 saw a number of key events in Latin America; but perhaps the most important occurred in the political arena with the change of government in Argentina, the National Assembly election results in Venezuela, and the progress made in the peace process in Colombia. These marked out a new direction for the countries in question and could have possible repercussions on the region’s economy.
21 Dec 2015
Up until now, many things have been written about the possible consequences – positive and not so positive – of the Transatlantic Trade and Investment Partnership with the US for the European Union. What has not been discussed so widely are the agreement’s geopolitical repercussions on both sides of the Atlantic.
25 Nov 2014
In an interview on Onda Cero radio today, the chairman & CEO of BBVA, Francisco González, said, “Turkey will be one of the bank’s best investments in the future.” BBVA announced an agreement last week to become a leading shareholder in Garanti, the largest Turkish bank in terms of market capitalization.