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Being your own boss brings many freedoms, but also new responsibilities. Anyone who dares to set up a small business with their own idea should plan well for the step into self-employment. The more comprehensive and realistic the plan, the better the risks can be estimated and the chance to start successfully increases.

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Whether you want to sell your hand-knitted wool hats or offer IT services – no future self-employed person should start a business without a business plan. In this example, the business idea is explained in detail, listed existing and required resources or listed costs. The business plan not only helps the future self-employed to plan business start-ups but also, for example, to deal with the market situation, possible competition or other risks. In addition, the business plan is the basis for funding and financing that may be needed to start the business.

There are subsidies for young entrepreneurs in every country or federal state. These can either be distributed directly in financial contributions or indirectly, for example in the form of reduced contributions for compulsory insurance. Promotions are only a small component in financing and those who can not afford the necessary equity themselves are usually dependent on loans. Here at the latest, the business plan comes back into play to find private lenders or to get funding from banks. Private financing via business loans, in particular, is becoming more and more frequent, since on the one hand investors with a small capital investment are given the opportunity to invest in a company and on the other hand, start-up companies can get into capital more easily than through a bank. For more information about business loans, you could look here.

Structured project execution

The actual business start-up is already preceded by a high planning effort, which does not end after the foundation. Customer projects must also be planned to precisely specify requirements or to calculate the project costs. Being a boss and an employee in your own company at the same time, project tools help with planning. In addition to locally installed software, project planning online, such as that offered by, is very popular among entrepreneurs who need a lot of travel. The project planning tool is available as an extension for Outlook as well as a web app, which can be accessed at any time. Of course, the tool can already help aspiring self-employed people to plan their business.

Sarkozy warns of the risk of explosion in Europe

Sarkozy warns of the risk of explosion in Europe

Europe had never been more in danger than today, never the risk of explosion in Europe had been so great.” True to his strategy of extreme tension, Nicolas Sarkozy has issued a dramatic warning to all members of the European Union to assume the seriousness of the situation in the euro zone and the need to respond quickly and forcefully to the crisis in the European Council in Brussels . “There will not be a second chance,” the French president said in the hours before the summit, before the delegates of the European People’s Party meeting in Marseille. On the same platform, the German chancellor, Angela Merkel , was more confident in the possibility of reaching an agreement – “We will find good solutions, I am convinced,” he said – but the messages issued in the last forty-eight hours for Berlin have not been less admonitory, coming to suggest that in some European capitals had not taken the measure of the seriousness of the situation.

France and Germany are determined to impose a rapid reform of European treaties, as a means of imposing budgetary discipline in the euro zone, in order to send a strong message to markets. For Paris and Berlin, the technical tricks proposed by the president of the European Council, Herman van Rompuy, to avoid the always difficult and risky reform of the treaties, are not of receipt. In this approach, Sarkozy and Merkel have attracted the complicity of the president of the Eurogroup and Luxembourg Prime Minister, Jean-Claude Juncker, who in an interview published today by Le Monde advocated a limited and rapid reform.

The president of the European Commission, José Manuel Durao Barroso, was also more flexible and, in the same forum in Marseille, was open to admitting a reform of the treaties. But with conditions. Yes to a reform, he stressed, provided that the Member States guarantee that it will be approved and ratified without problems, provided that it goes in the direction of greater integration, that it reinforces European unity and does not marginalize the role of the Community institutions. Something easier to say than to do.

The great political challenge of the summit is precisely to safeguard the unity of the European Union in the face of the crisis. The declared aim of the Franco-German couple is to try to agree on a reform of the treaty assumed by the 27-way already of 28, because tomorrow Croatia will sign its adhesion, which will become effective in 2013, but with the explicit threat that if there is blocking will opt for a restricted agreement to the 17 countries of the euro zone. What would definitely sanction a two-speed Europe.

Several countries resist the reform promoted by Berlin and Paris. But the epicenter of the resistance is in London. Imprisoned between the important anti-European sector of his party and the government pact that unites him with the liberal-democrats, the British Prime Minister, David Cameron, goes to Brussels with a difficult objective: to try to negotiate with his partners some relevant compensation -in terms of the return of sovereignty by Brussels- to support the reform of the treaty, under the threat of exercising its right of veto otherwise. The problem for Cameron is that a solution limited to 17 would marginalize the United Kingdom.

If yesterday it was the German government that spread pessimism about the likelihood of reaching substantial agreements at the Brussels summit, today it was the president of the European Central Bank, Mario Draghi, who has thrown a jug of cold water on the expectations of the markets by denying the existence of a large-scale peripheral debt purchase plan, as some analysts had interpreted his appearance before the European Parliament earlier this week.

“The program is not eternal or unlimited,” Draghi recalled in Frankfurt, after announcing a quarter-point drop in interest rates and announcing three years of free liquidity bar for banks. Draghi had made the same warning in his European Parliament speech, but his precautions went unnoticed.

The ECB is, in the short term, the only hope of European governments to move the euro away from the abyss. “Our objective,” a diplomat explains, “is to impress those who have the capacity to impress the markets.” That is, to the ECB. The idea is to convince him that they are serious so that next Monday, December 12, he will intervene more forcefully in the debt market, although Draghi’s comments this afternoon clearly indicate that it will not be a massive operation. “The spirit of the Treaty is always in our thinking,” the ECB president stressed in reference to the ban on loans to governments that weighs on the entity.

The European Council will also examine another measure to strengthen the eurozone’s response capacity to the financial problems of its partners: lend money to the International Monetary Fund so that it, in turn, leaves it to the countries that need it. The idea was studied last week by the ministers of Economy (about 150,000 million euros are passed) but there is still no unanimity in this regard, diplomatic sources admit. The option that opens the way is that the central banks lend money to the Fund; the option for the ECB to facilitate this increase in resources raises questions in Frankfurt and Berlin.

The leading service app in Europe opens round of financing

The leading service app in Europe opens round of financing

A sudden infernal back pain, and our physiotherapist on vacation. A family emergency and no babysitting for children … or pets! Small daily disasters to solve in a minute. Mission Impossible? No. Fortunately the crisis has not only brought drama but also a group of entrepreneurs who have made the virtue of necessity and have launched instant, personalized and very, very useful solutions that make life easier for the user.

This is the case of Heygo, a free app that allows you to offer and hire services in a geolocalized way in a minute and without intermediaries, so that in one click we can chat with the advertiser to reach an agreement as soon as possible.

And it is that solving emergencies is in the DNA of this startup founded in 2015 by Nicolás Espinosa, Ariá Prat and Claudio Umaña. Although there is no cost to the user, there is the option to pay for the service easily and securely through the reservation system of the app itself, since in that case Allianz covers the user against any incident derived from the service.

Financing round

The rise of the company has been brilliant. In less than a year and a half of walking, Heygo exceeds 100,000 users per month and offers more than 156,000 services, more than any other app or website in Europe. This year, the company continues with its growth and internationalization plan and has launched a round of financing through an investment round of 375,000 euros. The company has resorted to the syndicated joint venture model of Startupxplore, where an experienced professional investor, JME Venture Capital (Entrecanales group) leads the investment with 50,000 euros.

Investors registered in Startupxplore can do so under the same conditions as the reference investor, with a minimum ticket to invest of 1,000 euros. And there is no lack of reasons to bet on this proposal, which has a low CPI for its category and already exceeds portals such as in volume of published services.

The company will also have support in the media for its promotion and its foreseeable growth, since they have more than 500,000 euros to spend on a second television campaign and other media during the months of September and October of this year. Its organic growth, which has been increasing from 30% at the beginning of the year to almost 50% in the month of April, will have the promotion in the media to continue its brilliant rise.

The deadline for potential investors is next July 7, and the target amount to raise through Startupxplore is 375,000 euros. The tickets will be distributed in order of signing the letter of demonstrations until the total of the target amount is covered.

Caregivers, repairs or cleaning in 60 seconds

And is that if in recent years we are seeing that the collaborative is sweeping in all areas, could not miss an app that gave prominence to users and professionals and seek solutions in their own neighborhood or city, encouraging the trade of proximity. And it is clear that there was a niche market, because in just 15 months of travel and has almost 600,000 downloads.

Find a locksmith in your neighborhood in an instant? Solution in a moment an urgent problem of moving? A cleaning service, or locating a caregiver, a private teacher or a make-up artist when we literally do not have a minute to lose? All of them are examples of the urgent services that we can find through Heygo.

In 15 months of travel, Heygo already has almost 600,000 downloads

But in its very heterogeneous offer we can also find croupiers, teachers of plasticine workshops, flamenco shows, tarotistas, cleaning services, personalized cakes, wine tastings, pet sitters, locksmiths or boxing classes. Not in vain the app has almost 100,000 active users per month and more than 105,000 requests for quotes made on its platform.

And is that if in recent years we are seeing that the collaborative is sweeping in all areas, could not miss an app that gave prominence to users and professionals and seek solutions in their own neighborhood or city, encouraging the trade of proximity. And it is clear that there was a niche market, because in just 15 months of travel and has almost 600,000 downloads.

Heygo offers more than 156,000 services, more than any other app or web in Europe. With a team of senior engineers with high capacity for innovation and execution efficiency, it has the potential to become the largest peer-to-peer service contracting platform.

Top 3 most spooky Halloween destinations in Europe

Americans love Halloween. After Christmas and Thanksgiving, this is the biggest party in America. In fact, according to The Balance, last year, Americans spent a record $ 9.1 billion on Halloween with 179 million people celebrating the holiday!

But what about Halloween on the other side of the pond? Well, with countless cities dating back many centuries, each with enchanted squares, cobbled streets and its own sordid history, Europe offers the perfect backdrop for Halloween.

So, if you’re looking for a spooky destination to celebrate Halloween in Europe this year, here are our recommendations:

1. London, England

Whether it’s the cobblestone streets, the old churches, or the old Roman past of the city, London is a spooky place.

London is the home of Jack The Ripper, the most infamous serial killer who committed his atrocious crimes in the Whitechapel district of London in 1888.

Other sites include The Towers of London where it is said that the ghost of Anne Boleyn chases, Hampstead Heath, where there have been several notices of sightings of ghosts, including that of Dick Turpin, and Bank Station, where there have been sightings of “The Black Nun “

There are also a few supposedly haunted hotels in London. Room 333 of the Hotel Langham has many reports of paranormal activity, as does the Hotel Savoy, the latter where it is said that the wandering ghost of Oscar Wilde moves between rooms 346 and 362.

Do not miss out on a Jack the Ripper walking tour, where you can follow in the footsteps of the infamous serial killer, or take one of the many other ghost tours that will take you through the streets, cemeteries and old alleys of London .

2. Edinburgh, Scotland

In Edinburgh, the Edinburgh Vaults (also known as the South Bridge Vaults), are considered one of the most haunted places, not only in the United Kingdom, but in the world.

The Edinburgh Vaults are a series of cameras completed in 1788 under the city of Edinburgh. The vaults are famous for ghost hunters and thrill seekers around the world, and has also been the subject of several television documentaries.

There are innumerable stories of paranormal activity and sightings in the vaults and even beliefs that the serial killers, Burke and Hare, used the vaults as a storage place for the bodies that they later sold to the medical schools. Do not forget to book your Halloween tour!

Other essential elements of Halloween in Edinburgh include the Samhuinn Fire Festival, a Celtic festival and pagan celebration that marks the end of the harvest season and the arrival of winter. The 400-year-old passageways and homes of The Real Mary King’s Close, whose inhabitants were implicated in the infamous witch trials in Edinburgh.

3. Transylvania, Romania

Some say that Transylvania sits on one of the strongest magnetic fields on Earth and that stories of the supernatural have been part of Romanian folklore for many centuries. The real attraction of Transylvania is that it is the home of the world’s most famous vampire, Dracula.

The fictional character of Count Dracula, created in 1897 by the Irish writer Bram Stoker, was inspired by one of the best-known figures in Romanian history, Vlad Dracula, or better known as Vlad Tepes (Vlad the Impaler), who was the ruler on several occasions, between 1456 and 1462.

In addition to an amazing Halloween masquerade dance, there are many great Dracula tours including Bran Castle (commonly known as Dracula’s Castle) where guests can spend the night, as well as literary tours that explore the sites of Bram Stoker’s novel .

So, where will you celebrate Halloween this year?

Happy Halloween!

5 destinations in Europe for your Easter trip

5 cheap Easter destinations
Travel to fantastic places at incredible prices

Still do not know where to travel this Easter? If you are passionate about traveling and your desire is to leave Spain, with these offers that we show you, you can do it at a great price!
Have you always wanted to know Paris but you have never cared for economic reasons? Now you can take a walk through the Elysian fields and take a picture next to the Eiffel Tower!
Ferratum offers you quick personal loans that will help you travel to your dream place this Easter.
Ferratum is always by your side, offering you the best service and accompanying you on your trips.

Request a quick credit with us and enjoy a few days of rest.
With our immediate loans , the walks through the streets of Dublin or Brussels will be magical, and you will taste with emotion your typical dishes in the best company.
Also do not forget to bring everything you need. Apply for a credit online and buy warm clothes to face the cold of northern countries or, on the contrary, acquire a swimsuit and light clothing if your destination is in the south. Pay off your debts and enjoy your trip thanks to the peace of mind provided by Ferratum’s fast microcredit .

If you are a lover of beauty and can not resist the charm of traveling, of knowing new cultures and different customs, monuments and gastronomy of interesting cities … List any of them on your list of possible destinations for Easter! Do not you know which one to decide? Do not worry, Ferratum wants to help you make the decision and that’s why it offers you approximate information on prices and plans.

Here we leave you 5 cheap European destinations for your Easter trip :

  1. Budapest, Hungary

Budapest is the capital of Hungary, and is undoubtedly the most important city in the country. With the passage of time it has become, by its own merits, one of the most visited cities in Europe.
It is ranked No. 9 on the list of the largest population of European cities. At present it has a 1.7 million inhabitants, without taking into account the metropolitan area, because if we look at this area the figure reaches a whopping 2.5 million people.

What to visit in Budapest?

The Parliament of Budapest, the famous Buda Castle … Here you can see the most interesting monuments and places to visit in Budapest.

At what price can I travel to the capital of Belgium?

You will find flights from € 54 person! Do not let this chance go away. Travel to Hungary this Holy Week.

  1. Dublin, Ireland

They say that Dublin is as friendly as a town and as intimate as a pub, and that if you visit Dublin once, there will be a second, because it is a city that captivates you from the first moment. It was founded by the Vikings in the early ninth century, is the capital of Ireland and has been the scene of wars and conflicts until it managed to forge its own identity in the twentieth century. Its interesting historical past gives Dublin the concept of modernity, this concept fused with the Gaelic tradition make this city one of the most interesting in Europe.

What to visit in Dublin?

Dublin is literature, cradle and muse, since it served as inspiration to great writers like James Joyce, Oscar Wilde, Samuel Beckett, or Bram Stoker
The Castle of Dublin, The Casino Marino … there are many buildings, monuments and streets of Dublin that can serve you as inspiration.

At what price can I travel to the capital of Ireland?

From 47 euros you can enjoy this magnificent city!

  1. Paris, France

Paris is the capital of France and is known, for its great beauty, as the city of love. It is, without doubt, one of the most visited capitals in the world. From the tourist point of view, Paris is the most visited city in Europe.
Escape a few days with your partner and live a perfect romantic evening. And if you have a large family … Take your children to Paris!

What to visit in Paris?

The Eiffel Tower, The Palace of Versailles, The Arc de Triomphe … The buildings and monuments of Paris are extremely beautiful and have great historical interest, so everyone must visit them at least once in their life.
Take advantage of Holy Week to know them all!

At what price can I travel to the capital of France?

Fly to the city of light and love from € 31! Do not you give credit? This Holy Week visits Paris at the price of scandal.

  1. Sardinia, Italy

The Italian island of Sardinia , bathed by the Mediterranean Sea, is the best idea to enjoy the Easter holidays.
If you want to enjoy the sun, the authentic Italian cuisine and the walks on the beach … this is your best option.

What to visit in Sardinia?

If you travel to this part of Italy you are obliged to visit the different towns of the island of Sardinia.

At what price can I travel to the Italian island?

You can travel to Sardinia from € 214. It is a unique opportunity that you can not miss!

  1. Warsaw, Poland

Poland is one of the cheapest countries in Europe but it is no less interesting. Its capital, Warsaw, is a city that is located in the center of the country and is located on the main international transit routes. The city has a population of almost 1.7 million inhabitants. It is rich in history and culture since it was one of the cities that suffered the most during World War II.

What to visit in Warsaw?

The Prague Neighborhood, the Palace of Culture … there are many buildings and monuments in Warsaw that you can not miss. Try to make the most of the time and visit them all!

At what price can I travel to the Italian island?

Find cheap flights to Warsaw from € 60!

Do you want to enjoy this trip to the fullest but you do not have enough money? Do not worry! Ask for your quick loan with us and problem solved!

Remember that you can request online microcredits from 50 to 700 euros to pay from 5 to 45 days without complications. Ferratum recommends that you get a good camera to immortalize incredible moments.

Ask for your immediate online loans and get to know wonderful places. Get your money now , from € 50 to € 700, to pay between 5 and 45 days. In just 15 minutes you will have the microcredit in your account. Request your quick money loan without the need for waiting, long procedures and photocopies.

Greece crisis – Europe has learned

Greece Smart by crisis

An important news threatens to drown in the noise of the asylum dispute: This Thursday, Greece should be released into economic freedom. After eight long years of nocturnal rescue attempts, bad words, broken promises, German austerity dictatorships and Greek suffering, a little edifying chapter in the young history of the Eurozone is slammed. All 19 euro countries will be independent again. And, what is particularly important for the future, the decisive lesson has been drawn.

Attempts had been made to solve the Greek crisis by trial and error because there was no better solution. Much has been tried, most discarded. It is no coincidence that Germany and France, just as they grant Athens their sovereignty again, present a reform agenda for the monetary union that renounces austerity. Saving alone does not make a troubled country stand up, it will soon need reforms and financial support, so the message of Chancellor Angela Merkel and French President Emmanuel Macron can be summarized. It can be read like a confession of guilt. All the proposals suggest that a history of suffering such as the Greek one should not be repeated, which was accompanied by mass unemployment, pension cuts, economic decline and constant new elections.

Europe has learned a few things: Saving alone does not bring a troubled country to its feet

It applies the old knowledge: Who wants to drive a different course, must realign the tax. Therefore, it is right that Merkel and Macron want to rebuild the euro zone in such a way that it can react quickly and unbureaucratically in the future. They want to create a budget for the Eurozone, which helps governments in bad times to invest in education and training or in keeping with age. If a country unexpectedly gets into trouble, as it did in the financial crisis Ireland and Spain, short-term loans with a modest reform requirement should help alleviate the consequences. In addition, another safety net for savings deposits is provided.


Should Athens receive debt relief?

Shortly before the consultation on the last package of aid to Greece is announced that Germany has benefited from the rescue operations. Green household expert Kindler therefore calls for debt relief. What do you mean? more …

Like the CSU, it is now possible to complain that they are basically only other European pots of money. And that this is any incentive for reform is taken. However, those who argue in this way must also ask themselves the opposite question: If the Greek crisis had become so dramatic for the citizens and so expensive for the lenders, would one have already had the opportunity to counteract this, which the new money pots offer? Certainly not.

If there is anything fundamental to criticize, it is the fact that it took so long for the Euro-rescuers to wake up; especially those in Germany. Angela Merkel, the only reigning politician who was instrumental in the process from the very beginning, has come a long way from her beginnings in 2010 when she demanded in Brussels to withdraw voting rights from states beyond their means. Or the loan commitments for Athens postponed, because they wanted to win only the state election in North Rhine-Westphalia – which went wrong. She was also the one who put through a haircut for banks and insurers, which in consequence brought other euro states such as Italy in the trouble, because the safe believed government bonds were no longer safe.

Greece has earned a leap of faith

It is not without irony that, even in the Greek crisis, cooperation with Paris was very close, albeit in a different way. France always jumped to the side of Athens when it came to preventing the worst. Remember the summer of 2015, when it came to the showdown between Berlin and Paris. Germany demanded the exclusion of Greece from the euro. France vetoed. Merkel came out face-to-face because she allegedly enforced harsh conditions with the Greek government on a dramatic night last night. For example, a privatization fund, which should be filled with 50 billion euros. And the financial contribution of the International Monetary Fund.

Both positions Merkel silently vacated. Nevertheless, Greece is still in the euro, the country will end the third loan program. Is that all good? No, this conclusion would be negligent. Greece spent half of its life with the euro under the thumb of lenders. The first steps to freedom will be tedious, one does not know if investors trust the country to be solid on its own. This is also clear to the lenders, which is why they provide Athens with a financial cushion. It will be enough to pay all financial liabilities until 2022, ie beyond the next federal election. You can criticize that again. Or interpret it as an advance of trust. Athens, for its part, can prove that it deserves it.

Juncker wants to launch concrete measures

According to the will of the EU Commission President, there should be a “flexible joint take-back mechanism” close to the internal borders and penalties for asylum seekers if they do not remain in the country of their first registration. By Daniel Brössler, Brussels, and Nico Fried, Berlin more …

MytripleA at the LendIt Europe fair in London

MytripleA at the LendIt Europe fair in London

MytripleA participated last week in Lendit, the main conference of the “P2P lending” sector. This year Lendit had 750 participants including platforms, investors and service providers which has been a large increase compared to 400 the previous year and highlights the great moment the sector is experiencing.

Sergio Antón, co-founder of MytripleA, and Sylvia Lara, risk director (meet the rest of the team here), attended the conference as sponsors and our stand received numerous visits from other platforms, international journalists and investors.

Likewise, Sergio Antón made a very successful presentation of assistance to numerous international investors, who showed great interest in our market.

MytripleA was the first Spanish platform to attract foreign institutional money through the firm GLI Capital . Said investor is investing in the loans generated by MytripleA under the same conditions as the rest of the investors.

LendIt revealed several aspects:

  • Exponential growth of the platform intermediation volume.
  • A clear trend towards the entry of institutional investors in the purchase of loans generated by platforms.
  • Leadership of the United Kingdom in terms of knowledge of the sector, political support and growth.

Europe is bracing itself for a trade war

After Trump’s announcement of punitive tariffs State-mandated silence in China

At the core, however, it’s about much more than just economic retribution. The EU wants to counter Trump’s nationalist policies and position itself as an advocate of open markets. Trade Commissioner Malmström is certain, “The US measures will have a negative impact on transatlantic relations.” The EU will seek a dispute settlement procedure with the WTO as soon as possible. The cause of the problems in the steel and aluminum sectors are “global overcapacities caused by non-market based production”.

That’s what China means. Malmström wants to resolve the dispute in the conversation: “This sole action of the United States will not help.” The EU definitely wants to avoid being caught between the fronts. Because if Chinese steel loses its sales market in the US, more of it will be sold to Europe. Trump’s calculation: The Europeans would then also raise duties. The EU does not want that, but it could come about to protect the European steel industry with more than 300,000 jobs.

Beijing will host the National People’s Congress on Monday, the most important political event of the year. And that should not be disturbed by any means. Eventually, the more than 3,000 delegates will confirm the almighty state and party leader Xi Jinping for another term as President of the People’s Republic, and Prime Minister Li Keqiang will continue for five years. Add to this a well-known constitutional amendment that will cement the power of Xi Jinping. At the request of the Communist Party, the People’s Congress is to decide that the President will not have to leave the country after ten years as before. China is well occupied with itself. People’s Congress on all channels. A crisis, a dispute with the United States? Wrong time. Trump’s punitive tariffs are not an issue, but silence.

The Consultative Conference will be held in Beijing in parallel with the People’s Congress – an advisory body peppered with a number of entrepreneurs, many of whom are billionaires. There will be the first press conference on Friday. Actually, the perfect stage to ask: What do the punitive tariffs mean for the Chinese economy? Are China’s companies adequately prepared? How will the state-owned companies respond that have built up huge overcapacity in steel but also for cement, aluminum or paper? Are retaliation planned? Is there a threat of a trade war between the two largest economies in the world? No answers, because nobody asks these questions. Everything is agreed, every word announcement before set. Not a single journalist from abroad is approached.

State tenders often involve Chinese manufacturers

State-mandated silence in China. Still. The propaganda can be very different too. When Trump threatened punitive tariffs last summer, there was great indignation. In the event of sanctions, Beijing threatened with retaliation. “If the US does not respect the facts and rules of multilateral trade and take measures that harm economic and trade relations, China will not stand idly by, but take appropriate measures to protect China’s legitimate rights and interests,” it said in a statement by the Ministry of Commerce.

It is above all the People’s Republic itself that systematically isolates itself like hardly any other economy. In many industries, foreign companies are only allowed to produce in China if they partner with a local partner, the profits must be shared. State tenders often involve Chinese manufacturers. According to a survey by the OECD Developed Countries (OECD), China is currently 59th out of 62 in terms of openness to foreign direct investment. That means the market is tight. And it could be much more difficult.

What a Chinese reaction might look like, the Global Times had already sketched shortly after Trump’s election victory: “A batch of Boeing orders would be replaced by Airbus, American cars and iPhones would have a hard time in China, and imports of soybeans and corn would be stopped. ” Chinese students in the US? Not allowed anymore. The state and above all the Communist Party have almost unlimited penetration in the People’s Republic. However, China’s bargaining position is not nearly as good as the government’s. In particular, punitive tariffs would hit China’s export industry, which has shipped about 20 percent of its goods to the United States. Mass layoffs and reduced economic growth could be the result – a horror vision for President Xi and his colleagues.

In Europe there is little hope that Trump will give in. Nonetheless, there are likely to be many phone calls over the weekend between Paris, Berlin and Washington. The chances of success are low. Trump writes on Twitter: “If a country (USA) loses billions of dollars in trade with almost every country it does business with, trade wars are good and easy to win.”

Europe’s rules also apply to Internet monopolists

Punishment for Facebook Europe’s rules also apply to Internet monopolists

Facebook has lied to the EU Commission, but the punishment for it seems rather silly. If Facebook was a car driver, one might think that this is just a matter of parking wrong. The group from Silicon Valley has to pay 110 million euros, because he did not tell the truth when he took over the short message service Whatsapp. Of course, 110 million euros are a lot of money from the perspective of a normal person. Compared to the absurd purchase price of 16 billion euros that Facebook paid for Whatsapp, it is little; and that’s why the company pays the penalty rather quickly than being in public criticism.

The EU Commission is thus, albeit unintentionally, the signal to all Internet companies: Lies us happy if you want to expand. Trick if you think it necessary. Will not be so expensive for you, if you fly up. Because Facebook is not just any company, but has almost two billion registered customers: more than any other Internet company in the world, even more than Google, the search, video and data services probably use more people, but usually without logging in there , Facebook has a tremendous power of data, it knows mail addresses and friend lists, likes and dislikes, even the states of mind of its users.

Europe can not be dictated to the rules of the network

This data power has further expanded the company with the purchase of WhatsApp, with a messaging service that is used by now one billion people. Facebook had promised the EU Commission a careful handling of the data. It would not merge the social network and the messaging service, would not automatically create uniform profiles for users who use both; and you could not do that technically. Could you then – and did it two years later too.

EU imposes 110 million euro penalty on Facebook

Those responsible for the social network are said to have made false statements before taking over WhatsApp. The EU Commission wants to set an example with its decision. more …

The procedure corresponds to a pattern that can be observed again and again in companies from the American West Coast. They stretch (or even break) rules and laws – and see how far they get away with it. Maybe nobody says anything. Apple, Amazon and Starbucks have done so with their tricky tax models, their company constructs were once approved in Ireland, sometimes in the Netherlands or Luxembourg – but they were in contravention of EU law. Airbnb has done so and overruled existing rental rules in many European cities. Also the driving service Uber broke again and again right and its drivers against, o-tone of the Uber bosses, “an asshole called taxi” compete, although the German transport laws did not allow this so.

Innovation does not justify an intentional breach of the law

Now it is a good idea to discuss whether some laws in Germany are antiquated and no longer fit into the digital age – such as the requirement that taxi drivers know all the streets of a city by heart (as if there is no navigation system); or the requirement that limousine services return to their garage after each journey before being allowed to accommodate a new passenger (as if there were not enough traffic jams). But this does not justify a deliberate law break.

Europe therefore does well to create a legal framework for the digital world. Because the Internet must not be a space in which a few powerful corporations simply define what works – and what does not. That concerns the tax law: Who trades with data, has much more possibilities to trick with the taxes, than industrial companies, which must physically move goods. And also for monopolies other rules apply in the digital sphere: Whether Internet companies dominate a market, depends not so much on the turnover (the crucial size in the previous antitrust law), but on how much data they control. The new monopolists have a lot of data. So how should the rules be designed for the digital world? It must be prevented that Wildwestmethoden à la Uber make school. On the other hand, the question is worth noting whether some paragraphs created 50 or 100 years ago need to be modernized in order to make better use of the possibilities of digitization.

This differentiated approach represents an opportunity for Europe. The old world can counter the rampant net American-style net capitalism with its model of a new, digital world that is intelligently regulated. In the end, everyone profits from it and not just a few powerful internet companies.

Uncertainty in European stock markets: The Ibex loses 8,000 points

Bearish session on Wednesday in the European stock markets, which fall around 0.5% on average because of fears about the political and economic uncertainty in the European Union (EU) generated by the Brexit vote. The Ibex falls more than 1%, which makes it lose 8,000 points.

The growing anxiety over the consequences of the UK decision to leave the EU has continued to affect markets. Asian stocks have fallen overnight with investors seeking refuge in safe haven values, which has led to bonds at historic lows.

Investors have begun to look at safer assets, such as US Treasury bonds. The stock market crash began on Tuesday, as investors have begun to look at safer assets , such as US Treasuries, the yen and the dollar after the Bank of England relaxed the regulations to encourage investors. Banks to lend more money.

Concern over the polarization of the vote and growth dragged the US stocks to close down on Tuesday, reaching the minimum historical 10-year Treasury bonds.

On the other hand, the UK’s Minister of the Interior, Theresa May, has taken the lead in the race to find a new leader for the Conservative Party and for the British Prime Minister. May took advantage in a first round of voting on Tuesday against Liam Fox, who was eliminated from the race with the least amount of votes and Stephen Crabb who withdrew from the dispute, leaving Andrea Leadsom and Michael Gove and Theresa May to wait of another round of voting this Thursday.

Also read: Technical analysis office: we solve your doubts about all types of market values

Italian banks remain the target of investors. The shares of Banca Monte dei Paschi di Siena were suspended after the European Central Bank asked the bank to cut its bad debt by 40% over the next three years, according to Reuters. On the other hand, Italian regulators have temporarily banned short trading on the stock market.

At the macroeconomic level, the words of Mario Draghi, who speaks at 09:00, Madrid time, are particularly relevant. Data on non-farm ADP employment, service PMI, non-manufacturing PMI of the ISM and minutes of the Federal Reserve (Fed) meeting in the US are also presented.