PPCC: Pisitófilos Creditófagos. Primavera 2025

[Cadavre Exquis]

https://www.eleconomista.es/energia/noticias/13387779/05/25/el-gobierno-obligara-a-los-ayuntamientos-a-multar-en-las-zonas-de-bajas-emisiones.html

https://www.eleconomista.es/retail-consumo/noticias/13387802/05/25/bimbo-rebaja-el-ere-en-50-trabajadores-y-pacta-con-los-sindicatos-salidas-de-hasta-302-empleados.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/energia/noticias/13386646/05/25/grenergy-invertira-3500-millones-de-euros-hasta-2027-para-lograr-188-gwh-de-almacenamiento.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/vivienda-inmobiliario/noticias/13387810/05/25/aedas-logra-record-de-ingresos-y-entregas-a-las-puertas-de-su-compra-por-neinor-y-apollo.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/13386123/05/25/maillo-ayto-de-madrid-madrid-ya-es-el-segundo-destino-turistico-urbano-en-mundo-y-hace-6-anos-estaba-en-el-puesto-47.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/13386473/05/25/la-renta-fija-alcanza-el-mayor-peso-en-las-carteras-de-los-fondos-en-once-anos.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/13386619/05/25/terremoto-en-el-bce-a-una-semana-de-la-reunion-lagarde-podria-dejar-el-banco-central-antes-de-tiempo-para-cerrar-su-circulo.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/13384539/05/25/que-banco-espanol-elegir-en-bolsa-los-expertos-se-decantan-por-santander-que-recibe-la-mejor-recomendacion-de-compra-desde-2008.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/13387672/05/25/la-reduccion-de-jornada-anadira-1300-millones-en-costes-a-las-empresas-con-contratos-publicos.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/13386920/05/25/escriva-asegura-que-el-banco-de-espana-no-tiene-capacidad-para-hacer-un-analisis-sobre-pensiones.html

https://www.eleconomista.es/economia/noticias/13386983/05/25/los-economistas-mantienen-un-crecimiento-para-espana-del-26-a-pesar-de-un-entorno-volatil.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/13386333/05/25/el-salario-medio-de-espana-en-2023-avanzo-a-los28050-euros-pero-el-mas-comun-no-llego-a-los-16000.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/13387402/05/25/europa-garantia-de-futuro-para-espana.html

Saludos.

[Derby]

https://www.ft.com/content/bd6479b2-b7e5-42c2-ae17-779e57b02637

US trade court says Trump’s global tariffs are illegal

Panel of judges finds president did not have authority to introduce levies using the legislation he cited


The decision by the Court of International Trade will have far-reaching implications for Trump’s trade policy © Mike Blake/Reuters

A US court has ruled that Donald Trump’s “liberation day” tariff scheme was illegal, in a blow to the White House that could throw the president’s global trade policy into disarray.

The US Court of International Trade found on Wednesday that the president did not have the authority to use the emergency economic powers legislation that he cited when he imposed sweeping global tariffs last month.

The ruling by a panel of judges is a dramatic twist in the trade wars that Trump has launched since returning to the presidency, and comes as his administration is racing to cut trade deals after suspending the imposition of most of its higher tariffs.

While the Trump administration said it would launch an appeal, the ruling will embolden opponents of the tariffs in corporate America, foreign capitals and the US Congress.

The judgment affects levies imposed on April 2, including a baseline 10 per cent tariff and higher so-called “reciprocal” duties on many countries, but not sectoral tariffs that he has also imposed on steel and car imports.

US stock index futures and shares in Asia rose after the ruling, extending a rally that was also fuelled by upbeat earnings from chipmaker Nvidia.

S&P 500 futures were up 1.7 per cent while the US dollar also rose about 0.4 per cent against a basket of six peers.

In Asia, Japan’s exporter-heavy Nikkei 225 rose 1.8 per cent in morning trading. Hong Kong’s Hang Seng index was up 1.2 per cent, while South Korea’s Kospi rose 1.8 per cent and Taiwan’s Taiex was flat.

The court made its ruling in response to two cases brought by small businesses and a group of US states.

In its ruling the court said the executive orders in which Trump announced the tariffs “are declared to be invalid as contrary to law”.

“The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President . . . to regulate importation by means of tariffs,” the court’s order said.

A White House spokesperson criticised the ruling, saying “it is not for unelected judges to decide how to properly address a national emergency”. He added: “President Trump pledged to put America First, and the Administration is committed to using every lever of executive power to address this crisis.”

Trump’s April 2 tariff regime sparked weeks of financial market turmoil, which eased when he pulled back from some of the most aggressive levies on trading partners, including China.

Democrats cheered the ruling. “I argued from the start that Donald Trump’s claim that he could simply decree sky-high new taxes on imported goods depended on mangling the Constitution beyond recognition,” said Ron Wyden, the senator from Oregon.

“Trump’s trade taxes jacked up prices on groceries and cars, threatened shortages of essential goods and wrecked supply chains for American businesses large and small.”

One challenge heard by the court in May was from a group of US businesses that said the levies had harmed them, led by wine importer VOS Selections. The second was from 12 US states led by Oregon, which said tariffs would raise the cost to publicly funded organisations of buying essential equipment and supplies. 

During the Oregon hearing, Department of Justice lawyer Brett Shumate said an injunction against the tariffs “would completely kneecap the president” when he was on the world stage trying to strike trade deals. Judge Jane Restani replied that the court could not for political reasons allow the president to do “something he’s not allowed to do by statute”.  

During the VOS Selections hearing, government lawyer Eric Hamilton said the announcement of tariffs had led countries to start negotiating trade deals with Trump. “Don’t argue policy with the court, that’s not our business,” Restani responded. 

Under the US constitution, Congress has the power to set tariffs. But the Trump administration has said the International Emergency Economic Powers Act gives the president the power to do so if there is a declared national emergency. 

In declaring a national emergency in his executive order on April 2, Trump cited factors including a lack of reciprocity in bilateral trade relationships, and US trading partners’ policies that suppress domestic wages, amounted to an “unusual and extraordinary threat” to the US economy and to national security. 

The court cases challenged his use of those powers.

In the past few days Trump has agreed to delay his threatened 50 per cent tariffs on the EU after talking to European Commission president Ursula von der Leyen.

The US and China have agreed to lower tariffs for 90 days in a major de-escalation. Smartphones and other electronics imported to the US from China had been exempted, but Trump has signalled that this will be temporary.

[Derby]

https://www.nytimes.com/2025/05/28/us/politics/elon-musk-trump-doge.html

A Disillusioned Musk, Distanced From Trump, Says He’s Exiting Washington

The billionaire has made clear he is frustrated with the obstacles he encountered as he tried to upend the federal bureaucracy.

Elon Musk took a swipe at President Trump’s signature domestic policy legislation, saying it would add to the national deficit. He complained to administration officials about a lucrative deal that went to a rival company to build an artificial-intelligence data center in the Middle East. And he has yet to make good on a $100 million pledge to Trump’s political operation.

Mr. Musk, who once called himself the president’s “first buddy,” is now operating with some distance from Mr. Trump as he says he is ending his government work to spend more time on his companies. Mr. Musk remains on good terms with Mr. Trump, according to White House officials. But he has also made it clear that he is disillusioned with Washington and frustrated with the obstacles he encountered as he upended the federal bureaucracy, raising questions about the strength of the alliance between the president and the world’s richest man.

Mr. Musk was the biggest known political spender in the 2024 election, and he told Mr. Trump’s advisers this year that he would give $100 million to groups controlled by the president’s team before the 2026 midterms. As of this week, the money hasn’t come in yet, according to multiple people familiar with the matter, who spoke on the condition of anonymity to describe the behind-the-scenes dynamic.

Mr. Musk did not respond to a request for comment. In a post on X, his social media site, on Wednesday night, he officially confirmed for the first time that his stint as a government employee was coming to an end and thanked Mr. Trump “for the opportunity to reduce wasteful spending.”

“The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government,” he added, referring to his Department of Government Efficiency team.

The billionaire’s imprint is still firmly felt in official Washington through that effort, an initiative to drastically cut spending that has deployed staff across the government. But Mr. Musk has said in recent days that he spent too much time focused on politics and has lamented the reputational damage he and his companies have suffered because of his work in the Trump administration.

“I think I probably did spend a bit too much time on politics,” Mr. Musk said in an interview this week with Ars Technica, a tech news outlet.

He added: “It was just relative time allocation that probably was a little too high on the government side, and I’ve reduced that significantly in recent weeks.”

He also took a swipe at Mr. Trump’s allies in Congress, telling CBS News that he was “disappointed” by the domestic policy bill that the president championed and the House passed last week.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” he said.

When asked by reporters about Mr. Musk’s criticisms on Wednesday, Mr. Trump declined to respond directly. He defended the bill while acknowledging that he did not love every aspect of it, and he lauded Republicans’ efforts to move it forward. He did not once utter Mr. Musk’s name.

However, Stephen Miller, the White House deputy chief of staff for policy, shot back at Mr. Musk on social media without naming him. Mr. Miller asserted that the bill would reduce the deficit — despite multiple independent analyses saying otherwise — and noted that the cuts made by Mr. Musk’s team were unrelated to the spending bill.

Ahead of Mr. Trump’s trip to the Middle East this month, Mr. Musk objected to a deal in the works between a rival A.I. company and the United Arab Emirates to build a massive data center in Abu Dhabi, according to a White House official.

Mr. Musk complained to David Sacks, the president’s A.I. adviser, and other White House officials about the Abu Dhabi project involving OpenAI, an organization he founded with Sam Altman, with whom he has since had a falling out, according to the official. He also expressed concerns about fairness more broadly for other A.I. companies, and sought to have his own company, xAI, be included in the deal, though it ultimately was not. The Wall Street Journal first reported Mr. Musk’s pushback.

The OpenAI deal followed a plan secured between the Trump administration and the United Arab Emirates to build an A.I. campus in Abu Dhabi.

Mr. Musk joined the president on his trip through the Middle East, but Mr. Trump hardly mentioned his name publicly. And foreign officials in the Gulf seemed more interested in seeking out Mr. Trump’s special envoy to the region, Steve Witkoff, than they were in Mr. Musk.

On May 14, as a crowd of Mr. Trump’s wealthy supporters milled inside Qatar’s Lusail Palace before a dinner with the emir, Mr. Musk waited along with everyone else in the receiving line to shake Mr. Trump’s hand.

The billionaire’s role on the sidelines is a drastic shift from his dominance early in the new administration.

In February, Mr. Musk leaped onstage at the Conservative Political Action Conference with a chain saw and remarked “how easy” it was to “save billions of dollars sometimes in, in an hour.”

“Yeah, like, it’s wild,” he said.

Mr. Musk’s DOGE team has repeatedly inflated its cost-saving efforts, at times posting erroneous claims about ending federal contracts that they have later deleted.

This week, Mr. Musk told The Washington Post that it was an “uphill battle trying to improve things in D.C.”

The cuts he wanted to enact were far more difficult than he expected and his lack of interest in learning more about the bureaucracy he considered toxic impeded his efforts, particularly on Capitol Hill, according to people familiar with his efforts, who spoke on the condition of anonymity to describe internal discussions.

For the first 90 days of the administration, some White House aides felt the administration was essentially held captive by Mr. Musk and his willingness to use X to target people he didn’t like. Mr. Musk had a direct pipeline to Mr. Trump and encouraged measures that some cabinet officials opposed, like forcing federal workers to send a weekly email listing their top five accomplishments or risk termination. (That requirement was lifted for civilian employees at the Defense Department this week.)

Mr. Musk kept Mr. Trump enthralled, until some of the headlines about DOGE’s work — and complaints from lawmakers and cabinet officials — became hard to tune out. A rupture for the president, according to people with knowledge of his thinking, came when he learned from a New York Times report that Mr. Musk was about to receive a sensitive briefing on China at the Pentagon. Mr. Trump, who had repeatedly fended off questions about Mr. Musk’s potential conflicts of interest, was displeased, the people said.

Mr. Musk’s own disillusionment with national politics can be traced back to two recent events, according to people close to him: his frustrations with the president’s tariff regime and the roughly $25 million he spent backing a candidate who ended up losing a judicial bid in Wisconsin.

When it comes to his efforts to upend the bureaucracy, Mr. Musk insisted last month that it is possible to meet his goal of slashing $1 trillion of federal spending, “but it’s a long road to go, and, you know, it’s really difficult.”

“It’s sort of, how much pain is, you know, are the cabinet and is Congress willing to take?” he told reporters at the White House. “Because it can be done, but it requires dealing with a lot of complaints.”

He said it remained to be seen whether there was “sufficient political will in Congress and elsewhere to actually do that.”

Still, several of Mr. Musk’s most prominent deputies appear to be ensconced in their new government roles. Steve Davis, a loyal executive who has worked for Mr. Musk across many of his businesses, including at X, remains a regular presence at the General Services Administration, according to two people who have interacted with him recently. Antonio Gracias, the billionaire investor, has transitioned from leading the DOGE team at the Social Security Administration to a role combing through federal databases to try to identify instances of foreign nationals voting illegally, according to people familiar with the effort.

Last month, Mr. Musk told Tesla investors and analysts that he would cut his time on government matters to “a day or two per week,” and since then, he has made a concerted effort to show that he is re-engaged at his companies.

“Back to spending 24/7 at work,” Mr. Musk, the Tesla and SpaceX chief executive, posted on X on Saturday. “I must be super focused on X/xAI and Tesla.”

On Tuesday, SpaceX held a test flight of Starship, the rocket that Mr. Musk hopes will someday take humans to Mars. The vehicle had a successful launch, but sprang a leak halfway through its journey and eventually exploded. On X Mr. Musk called the launch a “big improvement,” but postponed a planned talk he was set to give on “SpaceX’s plan to make life multiplanetary.”

He made it clear, however, that he was in attendance at the launch and focused on SpaceX. He reposted interviews with influencers and news organizations as well as a video of himself sitting in a control center while wearing a shirt that said “Occupy Mars.”

Kate Conger, Nicholas Nehamas and John Ismay contributed reporting.

[senslev]

https://www.vozpopuli.com/economia/bruselas-palpa-pesimismo-en-espana-pese-a-los-datos-economicos-record.html

Esa recuperación en KK, que nunca ha sido recuperación.

[Mad Men]

https://www.vozpopuli.com/economia/bruselas-palpa-pesimismo-en-espana-pese-a-los-datos-economicos-record.html

Esa recuperación en KK, que nunca ha sido recuperación.

Recuerdo cuando el PSOE despidió a toda la cúpula del INE porque no cocinaba los datos a su gusto.

El INE es la encargada de sacar los datos oficiales sobre crecimiento.

Saludos