Through a meeting between the Minister of National Commerce, Luis Antonio Villegas, and the Minister of Domestic Trade of Cuba, Betsy Díaz Velázquez, both nations addressed strategic alliances to strengthen trade exchange.

“One of the goals set by both governments is to increase productive exchange between Cuba and Venezuela, but also to promote trade opportunities that allow the development of nations. Also, to contribute to economic development in other areas, generate employment, and improve economic conditions in regions that have faced significant challenges.”

Officials from Venezuela and Cuba agreed to maintain “a constant dialogue to evaluate the progress of the initiatives discussed and explore new opportunities for collaboration.”

They are expected to establish a work agenda for future meetings that will lead to strengthening ties of cooperation.

The meeting between representatives of both countries is part of a series of working tables “designed to facilitate the entry of Venezuelan products into the Cuban market, with the purpose of highlighting the quality and diversity of various national products.”

M.Pino

Source: notitarde

(Reference image source: Ian Taylor on Unsplash)

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Walt Disney Co. announced the acquisition of a $1.5 billion equity stake in Epic Games, intended to create what the company describes as a “persistent universe”. This project, which is subject to regulatory approval, promises to be a revolutionary gaming experience that will integrate with Epic’s popular game, Fortnite.

According to a statement issued on February 7, Disney plans to develop a “universe of games and entertainment” that will allow users to interact with Disney’s iconic content, characters and stories. Epic Games founder and CEO Tim Sweeney expressed his enthusiasm for the partnership, highlighting the building of a persistent and open ecosystem. For his part, Bob Iger, CEO of Disney, described this initiative as the company’s biggest step in the world of games.

The project, backed by Epic’s powerful Unreal Engine, aims to give gamers the ability to create their own stories and experiences within the digital universe. However, details on the launch date of this ambitious metaverse project have not been revealed.

Disney’s strategic move comes less than a year after closing its metaverse division in an attempt to cut operating costs, demonstrating a significant shift in its focus toward gaming and digital entertainment.

Tim Sweeney maintained an optimistic stance on the potential of metaverse, challenging claims about its decline and citing the large number of monthly active users on various metaverses.

This partnership between Disney and Epic Games also coincides with Disney’s fiscal first quarter 2024 report, in which the company surpassed Wall Street revenue estimates, generating $23.6 billion in revenue. Despite this success, revenue growth remained stable compared to the same period of the previous year.

In addition, Disney announced a 50 % increase in the dividend per share and experienced a 7 % increase in the price of its shares in off-hours operations.

This strategic partnership between two entertainment giants promises to redefine the gaming and digital entertainment landscape, offering users an immersive and exciting experience within an ever-changing digital universe.

K. Tovar

Source: Walt Disney Company

(Reference image source: Travis Gergen at Unsplash)

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In a surprising joint decision, Apple and Goldman Sachs canceled their ambitious plans to launch a futures trading app. The news, which was announced on September 19 via CNBC, shook the financial world.

Initially scheduled for release in 2022, the app was hit by growing economic difficulties last year. Rising interest rates and inflationary tensions scared investors away from risky assets, leading to the suspension of the project.

Sources close to the project revealed that the infrastructure was mostly built and ready for launch, in case Apple decides to return to its original plan in the future. It is not yet clear whether the app would have included cryptocurrency futures trading.

The collaboration between Apple and Goldman Sachs to diversify financial offerings to customers in the United States began with the launch of a credit card in 2019. Apple later introduced a “buy now, pay later” feature, allowing users to split your purchases in four equal payments without interest.

In April, the company introduced a savings account backed by Goldman Sachs, offering an attractive 4.15 % annual yield. According to recent reports, user deposits in this savings account exceeded 10 billion dollars. The partnership was not without challenges, however, as Goldman Sachs faced financial difficulties in managing Apple’s credit card, with a high average customer acquisition cost of $350.

K. Tovar

Source: Cointelegraph

(Referential image source: Daniel Romero, Unsplash)

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In a statement issued by LaLiga, the new alliance between the association and Casa Árabe was announced to promote various sports projects as well as Arab culture.

According to the statement, the first initiative, framed in the ever closer World Cup, will be the “Soccer for Hope” project, to make available to the public professional meetings, conferences, exhibitions, multiple recreational and sports activities, over five months in Barcelona, ​​Madrid and Córdoba.

As reported by LaLiga to dpa: “The Middle East and North Africa region is strategic for LaLiga, and has been one of the axes of its international expansion. LaLiga was the first major European sports league to create an office in this area in 2014, when it opened its permanent office in Dubai. Also in the United Arab Emirates, LaLiga opened the first of its international academies in 2015, which had more than 1,000 registrations”.

For his part, the president of the employers’ association, Javier Tebas, underlined his confidence in sport as a “tool for social transformation”. In particular, football has been an element of rapprochement with the young population, of transmitting values ​​in the areas of culture and sport, “in addition to giving visibility to the Arab world.”

The new alliance between LaLiga and Casa Árabe will reinforce their commitment to supporting the development of the Middle East and North Africa.

M.Pino

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More than 300 civil society entities, small and medium-sized companies and individual citizens have promoted the creation of the Ibero-American Network for the New Economy, the first collaboration and co-creation platform that aims to promote the exchange of tools and resources between organizations to promote in Ibero-America a new economic model with a positive impact on people and the planet.

The NESI Forum of New Economy and Social Innovation, a Spanish non-profit entity that has been promoting a more sustainable, fair and collaborative economy in Spain since 2016, is one of the entities in charge of coordinating the Network, together with AGCID Chile, Chilean Cooperation Agency International for Development; CIESCOOP, International Center for Social and Cooperative Economy of the Santiago de Chile University; and CORFO, Corporation for the Promotion of Production.

“The Ibero-American Network for the New Economy will allow us to stay connected and seek community support to generate joint proposals that impact public policies in our respective countries,” says Diego Isabel La Moneda, co-founder and director of Foro NESI.

For his part, Eugenio Possel, Policy analyst at AGCID Chile, explains that in Latin America “there are different initiatives that promote a paradigm shift, but there are few spaces aimed at citizen participation to generate socially and environmentally sustainable economic solutions.”

“The urgency of those of us who are part of the Network is to replace the current model based on consumption and individualism with one that takes care of the great problems of the region, such as social inequality and the climate crisis,” adds Estuardo Fuentes from CIESCOOP, Coordinator of the Technical Assistance and Project Management Area.

The Ibero-American Network for the New Economy has organized the online event We Believe Red, which will take place today and tomorrow between 3:00 and 8:00 p.m.; attendance is free with prior registration. The meeting will feature the participation of leaders in social impact from Ibero-America and a content program based on themes such as circular economy, regenerative economy, ecofeminism, ethical banking and the situation of indigenous peoples. Additionally, there will be a virtual space where you can meet companies, foundations, groups and organizations that are already working for a new economy.

Source: dpa

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