First fall in agricultural exports to the United Kingdom after Brexit

The effects of Brexit in the Region have already been felt in the agricultural sector. The first data that have been published by the Ministry after this ‘divorce’ with Great Britain show that the export of Murcian fruits and vegetables to the island has fallen by 19.2% from January to February of this year. Up to this point, the British had not stopped demanding our products. It breaks with an upward trend that, despite the pandemic, caused agricultural exports to increase by 6.77% in 2020.

Agriculture continues to be one of the most important sectors for the Region in terms of foreign trade. After the division of the United Kingdom from Europe, the Murcian agricultural sector has greater difficulties for its products to reach Anglo-Saxon supermarkets.

Even so, the Association of Producers-Exporters of Fruits and Vegetables of the Murcia Region considers the agreement reached by the European Union for this type of products to be positive. If it had not been carried out, this body estimates that the customs duties would have amounted to an additional 61 million euros per year.

This free trade agreement guarantees that no goods from the European Union that intend to enter the British market have to pay tariffs. In the same way, no British product will pay to enter any EU country.

The difficulties that Murcian agri-food products now face are of an administrative nature, since since January 1, 2021 they are considered as a product from a third country, and they have to comply with all current regulations in Great Britain , some procedures that were not necessary before.

According to the first data just published by the Ministry of Industry, Trade and Tourism, Murcia’s exports of fruit and vegetable products to this country have fallen by 19.2% in January and February compared to the same period last year.

A quite significant drop if we take into account that, in 2020, despite the pandemic, the Murcian agri-food sector increased its exports to the United Kingdom by 6.77% compared to the previous period. Horticultural products represented more than 62% of what the English demanded last year.

This drop could also be due to the closure of non-essential businesses decreed throughout the United Kingdom at the beginning of January this year. Last Monday the restrictions were lifted for these establishments, which had been in force for more than three months continuously.

From that moment on, the country’s bars and restaurants have resumed their activity, although, for now, they will only be able to offer their services on terraces. The resumption of restoration could increase the demand for Murcian agricultural products in the country.

No health certificates

The collapse of these first two months could have been accentuated as of April 1, 2021, the date by which it was planned that European agri-food products that crossed the British borders would be required to present a phytosanitary certificate. Fortunately, on March 11, the British Government announced that it would delay the measure until January 1, 2022.

The drop in exports has also occurred in reverse. The fruit and vegetable products that the Region of Murcia buys from the Anglo-Saxon country are usually much lower than the amount they demand. For the first time in a long time, the Region did not import any British product belonging to these sectors in January 2021.

We will have to wait a few months to analyze whether this situation is on the way to consolidating over time. Future trade relations with Great Britain are mainly in the hands of the European Union, since it is in charge of jointly negotiating matters related to the foreign trade of the 27 countries that now comprise it.

The trade balance, despite everything, is positive for the Region

Exports from the Region of Murcia increased (in the total sum, despite the fall in the fruit and vegetable sector) by 2.2 percent in the first two months of 2021 compared to the same period in 2020 (-6.6 per percent in Spain), which makes it the only autonomous community that produced a positive figure, according to data released by the Ministry of Industry, Commerce and Tourism and collected by Europa Press.

Specifically, exports in the Region reached 1,730.7 million euros, while imports fell by 18.2 percent (-11.1 percent in the rest of the country), to 1,450.2 million euros. .

In this way, the trade balance of the Region of Murcia showed a surplus of 280.5 million euros, 455.7 percent more than between January and February 2020. This is the second largest decrease, after Andalusia (459, 4 percent), in the evolution of the country’s exports.

In the analysis of the contributions to the interannual variation rate of total exports, the Region of Murcia contributed positively with 0.1 percentage points, which represents 3.9 percent of the total and a growth of 2.2 interannual, according to the report.

Foreign trade data for the months of January and February are explained by a 3.7 percent decrease in chemical products, which totaled 193.9 million, as well as the food, beverages and tobacco sector (-1.3 percent to 869.1 million), while sales abroad of energy product goods rose (10 percent to 408.2 million).

On the other hand, imports registered a decrease in energy products (-26.2 percent to 826.7 million euros) and food, beverages and tobacco (-13.4 percent to 235.1 million), while Chemicals increased 6.8 percent to 126.9 million.

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Jorge Martín travels to Barcelona to be operated

18/04/2021

Act. a las 12:38

HONOR

Jorge Martin (Ducati), who suffered a severe fall in the third free practice sessions of the Portuguese Grand Prix, travels to Barcelona this Sunday to undergo surgery for fractures in his right hand and foot.

The Madrid rider has completed 24 hours of observation at the Faro hospital (Portugal), where he was transferred from the Autódromo Internacional do Algarve, before being discharged throughout Sunday to travel to Barcelona. metacarpus of the right hand and medial malleolus of the right foot.

The MotoGP rookie, who at the Doha Grand Prix signed a historic pole and was third on the podium, hit the gravel at Turn 7 at Portimao during the third free practice session on Saturday; he was lying face down, with the motorcycle destroyed, and was evacuated on a stretcher to the circuit medical center.

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Later, he was transferred to Faro and was declared ‘unfit’ to compete in the race this Sunday. From the hospital Martin he wanted to reassure the fans. “It is not my best day, you can believe me! A lot of pain, but I am ‘Martinator’. See you soon,” he wrote on the social network Twitter next to a photograph in the hospital bed.

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The fall of Woodford is another element in favor of passive management | Opinion

Neil Woodford believed himself the British answer to Warren Buffett. That ego helped the fund manager become one of the best-known stock pickers in the country, but it also caused his spectacular fall in 2019. A new book shows how changes in the UK pension scheme, combined with weak regulation, they left British savers exposed.

Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England’s Money (Built on a lie: the rise of Neil Woodford and the fate of English middle class money) by Owen Walker traces the asset manager’s rise from relatively humble beginnings in a suburban London town. It owes its fame to two great bets. In the internet boom of the late 1990s, he avoided tech because he didn’t understand their stratospheric valuations. When the bubble burst, his High Income fund outperformed. Years later, he made a similar call to avoid bank stocks, before the financial crisis.

These successes made investors trust him with their money. The fees allowed him to embrace a lavish lifestyle, buying a mansion that was once owned by Formula 1 mogul Flavio Briatore. It also encouraged him to leave Invesco Perpetual, one of Britain’s best-known investment houses, and start his own company.

Investors who followed him avidly knew little about the risks he was taking with their money. This vulnerability was the result of radical changes in the British pension market. Walker, journalist for the FT, explains how the closure of company pension plans based on final salary forced savers to manage their own pensions. Faced with thousands of products, they relied on financial advisers, many of whom were loyal to Woodford, as well as the “best buy” lists of groups like Hargreaves Lansdown. The £ 7bn wealth manager supported Woodford to the end.

Woodford Investment Management’s strategy, which at its peak was overseeing £ 18bn, was to invest in riskier unlisted companies, along with large holdings in dividend-paying top-tier companies such as Imperial Brands. But seemingly strong firms like Provident Financial, the home-based lender that was once on the FTSE 100, disappointed. By the time Woodford’s Equity Income fund was discontinued in 2019, only 19 of the 72 companies it owned three years earlier were showing positive returns.

The lack of liquidity of Woodford’s funds hastened its demise. When the Kent County Council, one of his loyal customers, withdrew his £ 263 million investment, Woodford had no cash to meet the demand. While savers believed they had instant access to their money, their unlisted holdings were difficult to sell, and their listed positions had grown so large that they could not be liquidated without further plunging the price.
This flaw, which goes far beyond Woodford, is the lie of the book’s title. When former Bank of England Governor Mark Carney was asked at a parliamentary appearance about the implosion, he explained that the problem could be systemic for much of the asset management industry.

Walker believes that regulators share some of the blame. The Financial Conduct Authority cleared Woodford’s new venture in record time, despite the fact that it faced an open investigation into its Invesco operations. The regulator also allowed it to use outsourcing firm Capita Asset Services as a kind of external regulator, or Authorized Corporate Director, despite the fact that the manager was also the largest shareholder in the provider’s parent company.

Internal checks and balances also failed. Woodford planned to invest $ 250 million in US bioscience firm Evofem, even though he had only met twice in London with a company executive. When Equity Income was about to exceed the limit of 10% of assets invested in unlisted, it put pressure on some of those companies to issue their shares on the opaque Guernsey Stock Exchange.

Woodford’s disappearance is also another nail in the coffin of active management. The growth of cheap index funds has put pressure on active managers to show that they can add value. His successful counter bets seemed to justify higher commissions. But his clients would have fared much better if they had entrusted their pension funds to an indexed product.

Walker juxtaposes the lifestyle of managers with the pensioners whose money they manage. Woodford spent nearly £ 14 billion on a 400-hectare retreat in the Cotswolds and tested a Ferrari on the manufacturer’s private track. Meanwhile, the owner of a bed and breakfast The 67-year-old lost part of her savings and has to continue working.

But Woodford doesn’t seem to think there is no remedy. In February it revealed its plans to launch a new fund in Jersey, managing only institutional money. But with the results of an FCA review of its rulings still unpublished, it seems unlikely that it will return to the fray. The best he can hope for is that investors and regulators will learn the lessons from his failures.

The authors are columnists for Reuters Breakingviews. Opinions are yours. The translation, of Carlos Gomez Down, it is the responsibility of Five days

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Martí Vigo makes his debut in professional cycling in a rugged way

Martí Vigo lived his debut as a professional cyclist this Sunday, although it was not the way he had dreamed. The former Olympic skier, who in recent months has taken a radical turn in his sporting career, took off from the Slovenian Istria GP, but had to leave shortly after. In the previous evening training session the day before, during a sprint he suffered a mechanical breakdown and fell to the ground causing various injuries and bruises. In order for his team, Androni Giocattoli Siderme, who had traveled with the right troops to Slovenia, to participate in the event, in which the Italian Mirco Maestri won, the presence of the Alto-Aragonese was necessary at the beginning and this was agreed with he did not force the situation.

“I have gone out for my teammates to compete, but I was very sore,” explained a resigned Vigo later, who also wanted to downplay his ailments. “I have nothing really serious, but I do have wounds on my hand and all over my body and my elbow is very swollen”he commented. “We were doing an activation sprint, but the chain must not be right and it burst causing it to end up on the ground,” he described the moment of his fall.

The current Aragon road cycling champion, who had already had to delay his debut in the professional peloton due to a broken hand that occurred in December while training, limited what happened to “occupational hazards”. “If the race had been longer if I had forced and held the pull as I could have, but being only one day we prefer to be cautious “, he pointed. Now you think about when you will start pedaling again. “I will rest a couple of days and return to training as soon as possible,” he announced.

The next appointment on his calendar was the Giro de Sicilia, scheduled for March 31 to April 4. However, the round has been moved to autumn. A) Yes, he will most likely wear the jersey again at the Tour of Turkey, which runs from April 11-18.

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Xiaomi launches a smart tap adapter with which you will save up to 35% of water | Gadgets

Xiaomi surprises us once again with one of those interesting products that appear almost every day in Youpin, to Xiaomi’s crowdfunding platform. And it is that the Asian giant is one of the manufacturers with the most variety of smart devices in its catalog. Among the many accessories for daily life on the platform, there is no shortage of products dedicated to wellness.

Technology still has a lot to say when it comes to our well-being, and Xiaomi has therefore long been developing spectacular devices designed to make our lives easier. Today we bring a new gadget that the firm has put up for sale on Youpin. It is a nozzle or adapter for automatic operation with which we will get save up to 35% water.

Xiaomi smart sensor adapter, so as not to waste a drop of water

Xiaomi has collaborated with the Chinese brand Wuhan Smartda Electronic to build a smart gadget capable of being adapted to any tap in your home or work. This small device will help us to save water, since it is an induction device that works by means of air injection technology, under this technology the water comes out with a softer and more delicate pressure, avoiding waste since the nozzle reduces the flow supplied to about 0.07 liters per second, which we will notice in the consumption of the water bill at the end of the month.

Xiaomi launches a smart faucet adapter Xiaomi

This system means that we do not have to be opening or closing the tap, just by bringing our hands together, this product has a sensor system that automatically passes or stops the water passing through the device. With this we can co-continue to save water, exactly, around the 35% as stipulated by the manufacturer.

Its size is barely 55x34x35mm and has a universal thread capable of adapting to virtually any tap. It has a small battery, which despite its size is capable of providing a autonomy of up to 6 months with continued use within the average. eiIt incorporates a port USB Type C loading. Also how could it be otherwise, it has protection and is waterproof thanks to its certification IPX6, so that the humidity of the water does not affect it.

Price and availability

The price of this smart faucet adapter is 79 yuan, about 10 euros To the change. For now it will only be sold on Xiaomi’s crowdfunding platform, although after that it is very likely that we will see it on AliExpress. At the moment everything indicates that at first it will only be available for physical purchase in China, but it will probably be able to reach our country through certain distributors such as the brand’s physical stores.

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Pound falls as union launch legal action against Britain

Petra

The British pound fell on Monday as the European Union launched legal action against Britain, after it accused London of violating a clause in the Brexit agreement related to the protocol on Northern Ireland.

According to British media, the pound fell 0.22% against the US dollar, to $ 1.3891.

The sterling hit its lowest level in a week against the European currency (the euro), reaching 86 pence per euro, before recovering slightly and reaching 85.85 pence.

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A year of the ‘crash’: the Ibex bounces 33% from the biggest fall in its history

March 12, 2020. In the midst of a wave of infections and under the shadow of a global economic catharsis, the Ibex 35 suffered a 14.06% crash, the hardest in its history. Never before, neither with the fall of Lehman Brothers nor after the ‘Brexit’ vote, has the withdrawal of money been so abrupt in a single day. So much so that the selective remained ‘shivering’ at 6,390 points, close to the lows of 2012. The following days would be of maximum volatility, with a rebound of 3.7% in the next session that would be blurred on Monday, March 16, the first day after the declaration of the state of alarm, with another sharp fall of 7.9% to 6,107 points.

Not even the coordinated response by governments and central banks, unusual so far and with resources never seen before, was able to stop investors’ nervousness at first, given the lack of visibility about what (and how) would happen. in the days after.

KEYS:

New components.

Almirall, PharmaMar and Solaria entered the Ibex to replace Mediaset, MásMóvil and Ence.

Behind.

Faced with the 33% rebound of the Ibex 35, the German or French stock markets rose 60% in the last 12 months.

Capitalization.

The bank lost 35,000 million in market value, reducing its weight in the trading floor from 20% to 12%.

A year later, it can be said that the Spanish Stock Market has overcome the worst of the crisis with a rebound of 33% since then. However, and from 8,500 points, the Ibex 35 should add another 15% to approach the 10,000 that it touched just before the outbreak of the pandemic. In other words, despite the rebound, its recovery is the weakest of the main European indices, among which the German DAX stands out, which has been moving at all-time highs for days.

Airlines and banking

Behind this worse performance of the national park is, as indicated by experts, its excessive dependence on sectors such as banking or services. The confinement and restrictions due to the state of alarm caused the hardest blow to be precisely for these sectors, with falls that were around 15% for IAG, Meliá or Aena that 12 March.

The corrections also extended to a banking sector that was already very weakened by the environment of low interest rates, with double-digit declines for all listed entities that had their greatest exponent in the 18% collapse suffered by Banco Sabadell.

Except for specific rebounds in the market, caused by the news that were arriving on the emergency plan of the European Central Bank (ECB) and, above all, the negotiations in Europe to approve the ambitious recovery fund endowed with 750,000 million euros, there were We had to wait until November to see a real comeback in the Spanish Stock Market that, finally, ‘limited’ losses to 15% at the end of the year.

PANDEMIC MINIMUM:

6.107

It is the ground that the Ibex marked in the year of the pandemic. Since then, it bounces 40%

It could have been worse. But the biggest shock in stock market history also gave way to the fastest recovery on record and only ten listed companies are reluctant to recover levels prior to the March 12 crash.

PharmaMar and Solaria (the latter two debuted on the Ibex in the year of the pandemic together with Almirall, replacing MásMóvil, Ence and Mediaset) are the companies that have rebounded most strongly since the crash, with a spectacular rise in the 243% and 190%, respectively.

They are followed by Siemens Gamesa and ArcelorMittal, with advances of more than 125% since that day. Meliá Hoteles and Bankia, two of the worst hit at the beginning of the crisis, recovered 50% and 45%, respectively, while the increases exceeded 40% in Cie Automotive.

The rebound has come slower to other stocks such as Grifols, which still lost 30% since the day before the crash, followed by IAG, which lost 21% in the last year. The falls were also around 15% for Banco Sabadell in the period. However, the large rotation towards securities linked to the cycle has placed these companies among the best of the new year. Banco Sabadell, for example, rebounds 26%, while IAG rebounds more than 35% in 2021.

Experts agree that the fiscal stimuli, added to the unconditional support of the central banks, as well as the advancement of the vaccination process, will continue to act as support for the stock markets in the coming months. They also anticipate that the stocks capable of joining the economic recovery that is approaching still have an upward path. Of course, only if nothing goes wrong along the way.

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Young dies after falling from a 12th floor for trying to save his cell phone

CDMX. – A young In Estambul, Turkey, he died after fall out from the 12th floor of a edifice, presumably in an attempt to to save its cell.

WE RECOMMEND YOU: Former mayor of Hidalgo pretends to faint to escape and avoid arrest for gender violence

The young man, identified as Ismail Ababey, was alone in his apartment when the cell phone slipped from his hands and in an attempt to grab it fell through the window of the place.

In the video captured by security cameras, the victim is seen falling right behind another person who was passing through the place.

The man suffered serious injuries, so the paramedics did everything to revive him, however, on the way to the hospital he died.

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Unprecedented drop in the number of working hours in 2020 in Germany

Nuremberg (Germany), March 9 (dpa) – The number of working hours fell 4.7 percent in 2020 in Germany, as much as ever before, due to the coronavirus pandemic, the Employment Research Institute of the Federal Employment Agency (IAB) in Nuremberg.

In total, the hours worked were reduced to 59,640 million, which were compared with the corresponding figures for 2019.

“The collapse in the volume of work in 2020 exceeds anything recorded so far,” the report said. But it should be noted that in 2019 a record level had been reached, with 62.7 billion hours worked.

“Average working time per person employed in 2020 fell by more than 50 hours to the lowest level since reunification,” explained Enzo Weber, head of IAB’s macroeconomic analysis and forecasting research unit.

On average, it was specified that the annual working time in 2020 was 1,332 hours, thus reducing 3.7 percent in relation to the previous year.

The number of active workers fell for the first time in 16 years, by 1.1 percent, and stood at an annual average of 44.8 million people.

According to this report, most of the decrease in working hours is due to the short-time regime implemented due to the pandemic. Meanwhile, absenteeism due to illness was 4.4 percent, only slightly above the level of the previous year.

At the same time, this report added, fewer overtime hours were recorded, both paid and unpaid.

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The Rise and Fall of Anil Murthy

Anil Murthy poses in front of Mestalla in an interview with this newspaper in 2019. | M. Á. MONTESINOS

The Santiago Bernabéu was the first box that Anil Murthy visited as president of Valencia CF, on August 27, 2017. On the morning before the meeting, at the Castellana concentration hotel, the Singaporean leader received a visit from former colleagues from his diplomatic stage in Paris. A meeting of old friends, between laughter. «They do not give credit to that he is president of Valencia CF. He is the last person they imagined running a club, ”he confessed privately, spontaneously, that same morning, to the special envoys of the press. Almost four years later, Anil Murthy’s career at Valencia CF seems destined to end with the energetic emergence of Tunku Ismail, the heir to the Johor Sultanate, of whose landing he has not been even informed. With popularity on the ground, Murthy has ended up dragging the image of Peter Lim as the largest shareholder in its decline.

The rise and fall of Murthy will be remembered as the stage of a leader without capacity or experience in football, who had the ability to dress his representative image in the favorable sporting inertia with Mateu Alemany and Marcelino, but whose ineptitude was fatally exposed since the dismantling of the project in 2019, to which it contributed as a filter in the communication between Mestalla and Singapore. At that moment, with all the executive power delegated to him by Peter Lim, the balance was broken, its deficiencies surfaced and Valencia CF collapsed both in terms of reputation and management. And although Lim’s directives violated the normal functioning of the entity, Murthy’s obedience and enthusiastic execution of each decision, with a more pronounced presidential tone, increased the depth of the crater. In staff planning, with stranded strategic operations such as that of Ferran Torres; in the relationship with the institutions with the new stadium; with defiant gestures towards the social mass; with the absence of internal counterweights with the progressive dismissal of employees familiar with the sector and the environment; or with the purification of emblematic figures of the club by personal affinity.

The leadership crisis, although highly visible, has not upset Lim so far and Murthy has resisted bunkerized in the Praetorian Guard of the entity’s Singaporean delegation, with the image in the city totally eroded to the point of hiring bodyguards.

Murthy will not leave a trace of respectability and the favorable memory of his predecessor in office, Layhoon Chan. A leader who was not accompanied by a failed sports project of which she was not part, but who from the discretion wanted to understand Valencianism and launched pioneering projects in women’s football. Lim moved Murthy to Valencia in 2016 to bring a more European air to the management. Murthy bridged the cultural distance with a speedy learning of Spanish and a stage of observation of the environment in which, from a theoretical communicative responsibility, he was gaining internal weight and eating up a Layhoon Chan to whom he was not entirely loyal. With some dexterity in short distances, he met the supporters clubs, established relationships with the media, told stories of his soccer passion for West Ham and prepared the ground for the presidential replacement, benefiting from the management model promoted by Alemany.

It wasn’t a model, it was a miracle

Murthy struck a balance that, more than a model, was a miracle. With the endorsement of the positive results of the first season (2017-18), Alemany strengthened a complex equation in which he and Marcelino had 90% of the responsibility for sports planning. As a link between Mestalla and Singapore, Murthy transferred to the sports leadership the constant suggestions by sms of Lim signings, delighted to be surrounded by friends of the sector, agents and famous ex-footballers who proposed names to him: «Peter, don’t let this future star”. Each request was rejected by the technical filter, but Alemany knew how to fit Lim by recruiting him for high-level operations, for what the presence of a maximum shareholder really influenced, such as allowing Nasser Al-Khelaïfi to receive you in an audience to sign a Guedes. On the mission to Paris, Murthy took Alemany to a brasserie and Lim went bare-chested to buy the long-awaited Portuguese winger.

The harmony in that cohabitation was harmonious. Murthy’s formal excesses (such as opening fronts with the “false fans”) were covered by the good sports breeze, the emotional turmoil of the Centennial year and the Cup final in Seville. In those months, Murthy reaped the fruits of the project’s bonanza and his personal image enjoyed acceptance, as seen in the annual convention of clubs with the Cup trophy as an attraction, although he was suspicious of the degree of veneration of the so-called «Double M ”and contributed to Lim’s distrust of a structure that had restored the club’s prestige.

A small crack was opened that was enlarged with the departure of Alemany and Marcelino and, with Murthy at the helm, it has increased more and more with the collection of errors and wrong gestures on all fronts that have turned Valencia CF into a black hole .

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