S&P negotiates the purchase of IHS Markit for 37,000 million | Companies

S&P Global is in advanced negotiations for the purchase of the financial information firm IHS Markit, in a transaction of 44,000 million dollars, about 37,000 million euros, which would be the second largest of the year, according to the Bloomberg agency, citing sources close to the conversations. The eventual acquisition would create a giant in the economic data provision sector by bringing together two of the largest operators in the sector.

IHS Markit, which is up 23% so far this year, provided data, analysis and market research reports (such as PMI purchasing manager surveys). The combined company would have a market value of $ 82.2 billion, or € 69 billion, in the event of the merger, which could be announced today, according to Bloomberg.

S&P, for its part, is known for its activity of assigning financial ratings to states and companies, as well as for its data on capital markets and commodities. The company was spun off in 2011 from its parent, educational publisher McGraw-Hill.

The union comes months after another major consolidation in this sector, such as the London Stock Exchange’s offer to purchase Refinitiv, the financial information firm that previously operated under Reuters, acquired by the Blackstone fund in 2011. The changes In the form of investment and in the massive use of market information they have created the breeding ground for the formation of these data giants, which in any case must convince the authorities that they do not occupy a monopoly position. The London Stock Exchange, in fact, is still negotiating the Refinitiv operation with the European Commission, and from the outset it has had to sell the Italian Stock Exchange.

In fact, IHS Markit was also created from mergers of data providers. IHS bought Markit in 2016 for $ 9.8 billion in 2016 combined IHS sector information services with Markit indices for financial products such as CDS, at a time when automated financial trading demanded large amounts of information.

It remains to be seen, in any case, whether the eventual integration of IHS and S&P has the approval of the regulators, given the growing concentration of this market.

S & P’s deal with IHS Markit would be the second-largest merger this year, behind only the sale of gas and oil pipelines from several Chinese oil companies to a newly created company, a $ 56 billion deal. The transaction between IHS Markit and S&P Global was advanced by The Wall Street Journal. According to the newspaper, the operation would be closed entirely through the exchange of shares.

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Kristine Braden: “Citi works in a Brexit scenario without a final agreement” | Markets

A woman at the top of an investment bank is still a rarity. Kristine Braden, managing director of Citi in Europe and CEO of the firm’s Germany-based broker, is one of the pioneers paving the way to which they will reach. With a career of more than 22 years in the entity and after having held positions of maximum responsibility in Switzerland, the Dominican Republic, Hong Kong, the Philippines and Egypt, among other countries, her last mission was to be the director of the counselor’s cabinet. Citi delegate at the planetary level, Mike Corbat. “I am extremely proud of the culture of diversity and inclusion that Citi promotes,” she says. Installed in Frankfurt just when Covid-19 broke out and after doing an enormous job there, it answers the questions of Five days through a questionnaire.

He pilots the broker that provides service to the European Union after dispensing with, due to Brexit, the one that was based in London. What will the final break with the UK look like?

I want to hope that an agreement is still possible. But given that the situation remains uncertain, Citi has based its planning on a scenario in which the United Kingdom leaves the European Union without a final agreement or a transition period.

What consequences would a rough Brexit have?

London will remain a key financial center, regardless of the bottom line, because the UK is an important business center in its own right, as well as serving the rest of the world. But we will certainly see a reconfiguration of trade flows and foreign direct investment, both to the UK and to the EU. We look beyond Brexit to the possible opportunities that this situation will represent for our clients in both jurisdictions. From a cultural and geographical perspective, we have deep roots in Europe. For example, in Spain, Belgium and Italy we have been operating for more than 100 years.

Will there be more business movements from the UK to continental Europe?

We already have a relevant presence on the continent, with around 14,000 employees serving our customers in Europe. We have planned to add more than 200 new positions in several key markets, in a combination of staff transfers and new employee onboarding.

Cross-border bank mergers will depend primarily on regulatory frameworks

What will be the structure of Citi in the EU after the exit of the United Kingdom?

After Brexit, we will essentially operate from two vehicles: our bank, Citibank Europe, whose headquarters are in Dublin, and our investment firm or broker, Citigroup Global Markets Europe, with headquarters in Frankfurt. Our staff consists of some 14,000 people in 23 countries, including Norway and Switzerland. We have also expanded our presence in key capitals such as Madrid, Paris, Dublin, Luxembourg, Milan and Amsterdam, so we are well positioned to serve our clients. We were prepared last March and we are fully prepared for January 1st.

Has there been a problem with the creation of the bank in Ireland and the transfer of the broker to Germany?

Not fortunately. We established the headquarters of our European bank in Dublin before the Brexit referendum took place, and it is seamlessly integrated into our European network of 23 countries. Our investment company in Frankfurt is fully operational and we are preparing to be under the supervision of the European Central Bank in the future. We have already carried out operations for our clients and we expect flows to increase substantially in the periods before and after January 1, 2021.

From that key date, what will be the growth plans in Europe?

I believe the greatest growth opportunities are in our corporate and investment banking and capital markets businesses, and in our foreign trade and treasury solutions. In both cases, they provide services to the main companies and financial institutions. Private banking and commercial banking also have unique opportunities to grow their penetration and market share in the region. After a very solid 2020 for the markets, we expect volumes to normalize in 2021; however, overall, we continue to invest to enhance our capabilities.

We have expanded our presence in Madrid, Paris, Dublin, Luxembourg, Milan and Amsterdam

Will there be more changes in Spain, in addition to the transfer of its core of private banking from southern Europe to Madrid, How did CincoDías publish on March 16?

Spain is an important market for us in Europe. We are one of the leading banks in investment and corporate banking, capital markets, private banking and transactional banking for large Spanish and multinational companies, as well as one of the main banks in helping to raise financing for the country.

How has the bank dealt with Covid-19 with its employees and clients?

I am extremely impressed by the resilience of all our staff, not only in Europe, but also around the world. Since the start of the pandemic, more than 200,000 employees have adopted telecommuting, and that has involved a huge effort for the operations and technology teams. Our priority has been and will continue to be the health and safety of our employees. We also focus on our clients and assist them, both in their immediate liquidity needs and in advising them on their long-term strategic corporate decisions.

What has been Citi’s role in the markets during the pandemic?

In March, we reopened the European corporate bond market, with an offer for European companies, Engie and Unilever. Our head of corporate debt capital markets conducted that transaction from his kitchen table! Another iconic operation, in this case in Spain, was the advice of Telefónica on its operation in the United Kingdom, which has been the largest operation of the year, and which was successfully closed at the height of the pandemic. We were also very active in the syndicated loan sector for European clients, participating in 13 of the 14 loans signed in Europe, the Middle East and Africa in the first quarter.

In Spain, we have the first major banking merger with Bankia-CaixaBank, pending approval at the meeting. And after the break between BBVA and Sabadell, the negotiations between Unicaja and Liberbank are ongoing. Will there be more operations of this type in Europe?

Increasing difficulties we face – such as Covid-19 – tougher regulatory requirements and pressure to maintain cost efficiency and profitability are conditions that are precipitating consolidation in the industry. Our perspective is that there will be an increase in consolidation at the national level, but cross-border consolidation processes will depend primarily on regulatory frameworks.

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Trump reappears to talk about the Dow Jones: “I want to congratulate everyone […] 30,000 is a sacred number ”| Markets

In an unexpected speech at the White House, the outgoing president of the United States, Donald Trump, came out on Tuesday to talk about the record registered by the Dow Jones Industrialists index. The very brief appearance, in which he did not mention the transition process or accept questions, surprised locals and strangers.

“I just want to congratulate everyone. The stock market, the Dow Jones Industrial Average just hit 30,000, which is the highest ever,” Trump said in the meeting room. We have never exceeded 30,000, and that despite everything that has happened with the pandemic, “he assured as soon as he stood behind the lectern.” The stock market has just broken 30,000 – it has never broken, that number. It’s a holy number, 30,000, and no one thought they would ever see it, “Trump insisted.

Three minutes in advance, the White House announced that the outgoing president would come out to speak, just half an hour before the president-elect, Democrat Joe Biden, presented, as scheduled, the national security and foreign team of his future government. Trump boasted of the COVID-19 vaccine advances, noting: “Nothing like this has ever happened from a medical point of view, and I think people are recognizing it.”

Likewise, he attributed the unprecedented rise of the Dow Jones of Industrialists to 30,000 points to the management of his Administration, despite the fact that many analysts have related it to his announcement, on Monday afternoon, that he had given the green light to the process. transfer of power to Biden.

Despite that announcement, Trump has not yet recognized his electoral defeat, although this Tuesday he closed his speech of about two minutes in length with an effusive: “And most importantly, I want to congratulate the people of our country, because there are no people like You guys. Thank you very much everyone, thank you. “

Trump abruptly left without answering journalists’ questions. Shortly afterwards he intervened again, this time to perform the traditional ceremony of forgiving a turkey from being slaughtered for Thanksgiving dinner. Before pardoning Corn, Trump started his speech with a new reference to the 30,000 points of the Dow Jones.

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The future foldable iPhone is getting closer and closer and will it arrive in 2022? | Smartphones

In the last few months The information about the iPhone project with a folding screen has intensified on which Apple works for the next few years. You already know how those of Cupertino are, which usually foresee the products that they will have in stores for several years to come and, in the case of smartphones, Tim Cook’s believe that their time has come.

So, to the information that warns that Apple will use a Samsung screen for these new foldable (or extendable, which you never know) iPhone, we must join the one that we have known today and that confirms that the North Americans are in the testing phase of the first prototypes, those in which you have to verify that everything works well and, even, what is the most optimal design to reach the stores.

Clasps and their parts, the key

The folding screen technology is beginning to reach all users in a generalized way and it is not without certain drawbacks. The main, that area in which the screen is divided in two, where the folding of the panel is still very evident. Although over the months a user ends up forgetting their presence, the truth is that it is annoying to have a reminder there that their phone “is a little bent.”

Concept design of a foldable iPhone.

So Apple is looking at how to eliminate that small defect, almost mandatory due to the state in which this technology is currently, as well as all the parts that are part of the gears and bearings in that area of ​​future iPhone. Further, it is confirmed to be doing so with the screens provided by Samsung in a factory where the prototypes are being assembled that belongs to Foxconn.

And when did this first foldable iPhone arrive? The same sources speak of it will be premature to see it in stores next year, along with the traditional models of the brand, so we can expect that, at the earliest, this landing of folding screen technology will not reach the Cupertino stores until 2022. One year later. What’s more, it remains to be seen to what extent the impact of the pandemic could have hit those initial plans and further (2023, etc.) drive the development of this folding screen technology on which Apple is clearly already working.

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The list of iPhone that will be compatible with iOS 15 is filtered, is yours? | Lifestyle

It is tradition that every September of each year, Apple launches a new version of its operating system for mobile phones that, inevitably, ends up leaving someone smartphone by the way. It is like a kind of light that shines on the new models that arrive in stores and that, in return, excludes others that were released five or six years ago.

However, iOS 14 was quite lenient for that because it kept the same list of devices on which it could be installed as iOS 13, in such a way that the iPhone 6s and 6s Plus, they gained one more year of updates. Recall that we are talking about devices that hit the market in September 2015, so in 2021 they will complete six years of complete coverage of updates uninterrupted.

iOS 15 already has a chosen list

So, and although it may seem premature, it seems that there is an iPhone list that will be compatible with iOS 15 in such a way that they can be updated in September 2021 when Apple publishes it. This has been reported by the medium The Verifier, which has detailed which generations of Apple’s smartphone will be left out from next year.

Tim Cook during the iPhone 6s presentation event. Apple

And as we told you before, that shadow will reach the terminals that arrived in 2015, that is, the iPhone 6s and 6s Plus on the one hand, and the first generation of the iPhone SE on the other. So if you have any of these smartphones It could be time to go looking for alternatives, especially if you like to always have the latest and most compatible version of Apple’s operating system installed.

The list of compatible phones is this:

  • New iPhones of 2021
  • iPhone 12 Pro Max
  • iPhone 12 Pro
  • iPhone 12 Mini
  • iPhone 12
  • iPhone 11
  • iPhone 11 Pro
  • iPhone 11 Pro Max
  • iPhone XS
  • iPhone XS Max
  • iPhone XR
  • iPhone X
  • iPhone 8
  • iPhone 8 Plus
  • iPhone 7
  • iPhone 7 Plus
  • iPhone SE (2nd generation)
  • iPod touch (7th generation)

Anyway, that a iPhone does not update to the new version of iOS is not necessarily disastrous. On the contrary, although we lose potential updates due to security problems published by Apple, the apps They do not tend to get out of date so quickly and many of the ones we use daily still allow them to work with phones from 2013 and earlier, which impose as a limit of use carrying iOS 9 (iPhone 4s), for example.

Hence This lack of compatibility with iOS 15 cannot be considered as a sentence death on some first generation iPhone 6s and iPhone SE that will complete the entire six years of operation. Which is not bad at all.

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The list of iPhone that will be compatible with iOS 15 is filtered, is yours? | Lifestyle

It is tradition that every September of each year, Apple launches a new version of its operating system for mobile phones that, inevitably, ends up leaving someone smartphone by the way. It is like a kind of light that shines on the new models that arrive in stores and that, in return, excludes others that were released five or six years ago.

However, iOS 14 was quite lenient for that because it kept the same list of devices on which it could be installed as iOS 13, in such a way that the iPhone 6s and 6s Plus, they gained one more year of updates. Recall that we are talking about devices that hit the market in September 2015, so in 2021 they will complete six years of complete coverage of updates uninterrupted.

iOS 15 already has a chosen list

So, and although it may seem premature, it seems that there is an iPhone list that will be compatible with iOS 15 in such a way that they can be updated in September 2021 when Apple publishes it. This has been reported by the medium The Verifier, which has detailed which generations of Apple’s smartphone will be left out from next year.

Tim Cook during the iPhone 6s presentation event. Apple

And as we told you before, that shadow will reach the terminals that arrived in 2015, that is, the iPhone 6s and 6s Plus on the one hand, and the first generation of the iPhone SE on the other. So if you have any of these smartphones It could be time to go looking for alternatives, especially if you like to always have the latest and most compatible version of Apple’s operating system installed.

The list of compatible phones is this:

  • New iPhones of 2021
  • iPhone 12 Pro Max
  • iPhone 12 Pro
  • iPhone 12 Mini
  • iPhone 12
  • iPhone 11
  • iPhone 11 Pro
  • iPhone 11 Pro Max
  • iPhone XS
  • iPhone XS Max
  • iPhone XR
  • iPhone X
  • iPhone 8
  • iPhone 8 Plus
  • iPhone 7
  • iPhone 7 Plus
  • iPhone SE (2nd generation)
  • iPod touch (7th generation)

Anyway, that a iPhone does not update to the new version of iOS is not necessarily disastrous. On the contrary, although we lose potential updates due to security problems published by Apple, the apps They do not tend to get out of date so quickly and many of the ones we use daily still allow them to work with phones from 2013 and earlier, which impose as a limit of use carrying iOS 9 (iPhone 4s), for example.

Hence This lack of compatibility with iOS 15 cannot be considered as a sentence death on some first generation iPhone 6s and iPhone SE that will complete the entire six years of operation. Which is not bad at all.

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only being lazy will save us

You may have seen the announcement by the German government asking young people to stay home. Instead of opting for the Castilian tremendousness, the Teutons have become Berlanguianos and have turned the testimonies of the veterans of World War II upside down creating a new breed of heroes, the university idlers. “We summoned all our courage and did what was expected of us. The only right thing. We did not nothing. Absolutely nothing. We were lazy like raccoons. Day and night we leave our asses at home and fight against the spread of the virus. “

If the ad has gone viral, it was probably because, in addition to exchanging paternalism for humor, in its handling of the topic a growing suspicion leaks into modern society. That the world would actually be a little better if everyone –including youth– Let’s be a little more lazy. Mere longing. Laziness, laziness or laziness are an impossible luxury. Stigmatized by the gaze of others, they always carry a component of bad conscience that makes it impossible to enjoy them. The bums are just those who can’t afford it.

It is reasonable to argue that most of the problems that human beings are going to face over the next few decades could be solved doing less things. Consuming less, eating less, moving less, working less, traveling less and other passive mechanisms that stop pandemics global or limit the effects of climate change. It’s not just about saving the planet, it’s about saving ourselves. Stress, anxiety, or depression ravage developed societies, and there is little doubt that always doing a little more than one can humanly do is a key factor.

Young people have to choose between two things: or be irresponsible killers of grandmothers or parasites

So maybe we should start to appreciate the nini mentality. Neither study, nor work, nor go out to party, nor anything. There have always been historical and economic reasons at hand to make the nini the great scapegoat to alleviate bad consciences in the post-crisis period. On the one hand, the reproach of squandering the inheritance of harder generations, who sacrificed so that their children could now enjoy doing nothing. On the other, the economic argument that unproductiveness automatically turns you into a parasite, forgetting that even more parasitic is job insecurity or a post-compulsory education system that functions as a ‘low cost’ commodity bazaar.

That is why it is ironic that the message that the authorities have to convey now is “don’t do things or you will kill your grandmother.” They are telling a generation that has been raised on the idea that hyperactivity is a good thing. While a handful of decades ago “stay a little bit at home” was the message that comforted grandparents and parents, today it has been replaced by a string of classes, language courses, sports, leisure alternatives, plans with friends and pseudo-cultural events. that are included within the miasma of “quality time”.

In my adolescence, the positive discourse of “you have to get good grades, but also go out to party” was beginning to become popular. The latter went from being something viewed with suspicion to a factor worthy of praise: the important thing was to do everything. The result, the generation with the most anxiety of history.

Young people in Las Cruces park.  (Reuters)
Young people in Las Cruces park. (Reuters)

Young people can only choose between being two things: or being irresponsible killers of grandmothers or “nymphs” parasitic on the welfare state. They are always reproached for their attitude, but rarely do we realize that we tend to ask for things that are not achievable, if not contradictory. Take a shower and put away your clothes, study, be happy and have a rich and complex social life but don’t neglect your career, don’t complain if you feel bad and, above all, don’t make a bottle (but be careful with the jug). We know very well what we don’t want them to be, but we rarely have good ideas about what they could be.

Revenge or fear

This week, the ‘Financial Times‘published an article that opened the melon par excellence: with this of the pandemic, And what about the young? The start suggested that there was “a growing resentment” among those under 30, but in the small print of the testimonies there was not much generational anger, but basically fear. Fear of having a shitty job or never having one, of realizing that these months may have already taken an impossible dent in their professional careers. To be those losers that their parents told them they would be if they wasted time.

Every second lost, wasted or used in something useless is a second that they have lost in this constant competition against others

How could they not think about it, if they have grown up in the era of hyperproductivity. A constant shadow hangs over the younger generations: that every second lost, wasted or spent on something useless is a second that they have lost in that constant competition against others which is a labor market that is narrowing like the trash compactor from ‘Star Wars’. Even leisure must always have an objective, even if it is to occupy the quota of time that corresponds to each of the parents, to do productive contacts or develop skills, always the damn skills. The language of productivity has also tainted our personal relationships.

Experience has shown me that only a handful of forces of nature are genuinely active, unleashed whirlwinds of loquacity, wit and enthusiasm that not infrequently end up crashed, exhausted from themselves. The rest of us try to keep up with them with our tongues out, not realizing that just as not all of us were born to run the hundred meter sprint in less than ten seconds, for most imposed exuberance of the casual genius it is exceptional and perhaps undesirable. However, we measure ourselves and the young by the rod of the former, not by the human fallibility of the latter.

(Visual metaphor of the labor market, seen by young people)

So maybe it’s time to reclaim the vaguerity, to do nothing not to recharge batteries — another disgusting robotic metaphor — but for the sacrosanct exercise of practice emptiness. It is complicated, they are not created. Stop for a second to do nothing and you will see how difficult it is for you not to grab your phone, or divert your mind towards some commitment that you do not feel like in the least while you feel your nerves seize. The only ones who have managed this art to mastery are the ninis, perhaps the last Stoics of our day. Unlike us, adults stressed and severe with other people’s entertainment, are the only ones capable of knowing the value of to be, and not to do. Our smiling buddhas.

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Listening to the radio with wireless headphones is possible: we show you how to do it | Lifestyle

Fortunately, there are still some smartphones that have FM radio in 2020. If you are reading this article it will surely be because you are one of those who uses it regularly, and it is possible that at some point get a wireless Bluetooth headset and want to keep listening to the radio on your phone. We have to give you bad news, it is not possible to completely forget the cables to listen to the FM radio of your mobile, but there are tricks so that the sound comes out through the Bluetooth headphones.

How to listen to the radio on your Android using Bluetooth

Listening to the mobile FM radio may seem like a thing of the past, but this is still a necessary function for many users. The big problem with using it is clear: you always have to have cables in between, it cannot be a complete wireless experience. The reason for this to be the case is that this element is used as if it were the old radio antenna.

This problem has a solution: connect a headphone cable to the mobile, even if you are not going to use it to listen to music. Any pair of headphones you have at home will be more than enough, even if they sound terrible or are half broken (even those from Renfe): you need this to act as an antenna. Yes, it is not the most technological solution you have seen, but many times less, it is more, and this solution will make you take away more of a headache.

I already have the cable connected… Now what?

Now what you should do is connect your Bluetooth headset to the phone, something you can do from Settings> Connections> Bluetooth. Go to your radio app, and it will start playing through them, instead of through the wired headphones.

I am not familiar with wireless headphones, what should I do?

And sound comes out of wired headphones and not for the wireless, after having carried out all the steps indicated above, don’t worry, there is a solution, we just have to take one more step.

Depending on the brand of mobile you have, you should look for the volume control option, on Xiaomi phones it comes out as a permanent notification and in Android stock you must go to the adjustment app and go to the section “Play multimedia content in, in audio settings.

Bluetooth headphones with built-in antenna

Another option if you want to avoid going through all these steps is to directly buy a Bluetooth headset with a built-in antenna, with them you can easily listen to the FM radio of the phone.

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Okay Yokuslu started again and played 90 minutes with Turkey

The Turkish team achieved an important and worked victory against Russia (3-2) yesterday in Istanbul in which the Celtic Okay Yokuslu participated in the main. The midfielder was part of the starting eleven and spent the 90 minutes on the pitch in this match valid for the Nations League classification.
The Ottoman team seemed subscribed to the draw, a result achieved against Serbia on two occasions (0-0 away and 2-2 at home) and against Russia itself as a visitor (1-1). For Okay, yesterday was a sign of confidence from the coach, Senol Gunes, for a footballer who already played in its entirety last Wednesday’s friendly against Croatia. Now, Turkey still has one game left in this break, against Hungary next Wednesday (8:45 pm) in Budapest.

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Covid can upset the traditional classification of stocks | Opinion

Pfizer’s vaccine announcement sent stocks higher overall, but hit some favored by lockdowns, such as Zoom, while others related to leisure, such as Delta Air Lines, have soared. Stocks that have been performing well lately are hit the hardest. And the US 10-year bond has jumped more than a sixth to 0.98%, indicating that investors have less appetite for the definitive safe asset and possibly expect more inflation.

Wall Street analysts suggest this could signal a revival in stocks. value, which have been underperforming for some time, as investors divest themselves of the fastest growing companies. Investors who previously sought safety from the pandemic in skyrocketing tech may now be willing to hold stocks more dependent on general economic activity, including those that include physical presence.

But looking at it as a value versus growth dichotomy could be a mistake. It is true that the S&P 500 Value Index has risen 5%. But one of its biggest assets, as of October 30, was Pfizer, and another was Berkshire Hathaway, which disclosed massive stock purchases two days earlier. Credentials value they were probably not the main driver in either case.

Investors have gotten rid of tech, but the shift to stocks that should benefit from a return to normalcy earlier than expected indicates a rational shift in expectations, not a shift in strategy, especially when the Fed is expected to keep underlying rates low for years.

The traditional concept of value is also being called into question. A paper Recent suggests that metrics such as the market value comparison with the accounting one do not capture the true value of intangible assets, such as brands, that proliferate in many of the companies growth. Some trends can be reversed, but the redefinition of investment categories is something that should continue.

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

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