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Economy

The answers that Argos and Nutresa give to the Superintendency for the trip to Abu Dhabi

by archyde

While the legal dispute between Grupo Sura and Jaime Gilinski is being resolved, seven executives of the Grupo Empresarial Antioqueño (GEA) traveled on a commercial flight to Madrid, Abu Dhabi and stayed at the Four Seasons Hotel. They had made an appointment with Sheikh Tahnoon bin Zayed Al Nahyan, who despite not having received them sent senior managers from the International Holding Company (IHC) to hold the meeting.

Carlos Ignacio Gallegopresident of Grupo Nutresa; Jorge Mario Velasquez, president of Grupo Argos; Juan Pablo Londonopresident of Alkosto and nephew of Santiago Mejía (head of one of the GEA Group); Ana Cristina Arangodaughter of Adolfo Arango; Luis Javier Zuluaga Palacewho resigned from the Board of Nutresa and supplier of Nutresa; Jaime Palaciopresident of the Board of Nutresa and representative of the family that has 7%; Ricardo Jaramillo, financial manager of Sura; were the seven members of the GEA who went to the meeting.

In the morning of this Wednesday, the Financial Superintendence of Colombia requested information from Grupo Argos, Grupo Nutresa and Grupo Sura about the trip. In this regard, Grupo Argos responded in a statement that “the meeting mentioned by a media outlet attended by a member of the Board of Directors and the President of the company with representatives of IHC, was not intended to recover the public offer for the acquisition of shares of Grupo Nutresa”.

And they added that “The purpose of the meeting was to hold talks with an investor who has expressed interest in investing in the country and in companies in which Grupo Argos SA is a relevant shareholder, all for the benefit of the company and its shareholders.“.

On the other hand, Grupo Nutresa said that “The purpose of the meeting was to respond to an invitation from IHC, and its results were none other than to deepen the knowledge of that company from the United Arab Emirates and its managers”.

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Economy

The answers that Argos and Nutresa give to the Superintendency for the trip to Abu Dhabi

by archyde

While the legal dispute between Grupo Sura and Jaime Gilinski is being resolved, seven executives of the Grupo Empresarial Antioqueño (GEA) traveled on a commercial flight to Madrid, Abu Dhabi and stayed at the Four Seasons Hotel. They had made an appointment with Sheikh Tahnoon bin Zayed Al Nahyan, who despite not having received them sent senior managers from the International Holding Company (IHC) to hold the meeting.

Carlos Ignacio Gallegopresident of Grupo Nutresa; Jorge Mario Velasquez, president of Grupo Argos; Juan Pablo Londonopresident of Alkosto and nephew of Santiago Mejía (head of one of the GEA Group); Ana Cristina Arangodaughter of Adolfo Arango; Luis Javier Zuluaga Palacewho resigned from the Board of Nutresa and supplier of Nutresa; Jaime Palaciopresident of the Board of Nutresa and representative of the family that has 7%; Ricardo Jaramillo, financial manager of Sura; were the seven members of the GEA who went to the meeting.

In the morning of this Wednesday, the Financial Superintendence of Colombia requested information from Grupo Argos, Grupo Nutresa and Grupo Sura about the trip. In this regard, Grupo Argos responded in a statement that “the meeting mentioned by a media outlet attended by a member of the Board of Directors and the President of the company with representatives of IHC, was not intended to recover the public offer for the acquisition of shares of Grupo Nutresa”.

And they added that “The purpose of the meeting was to hold talks with an investor who has expressed interest in investing in the country and in companies in which Grupo Argos SA is a relevant shareholder, all for the benefit of the company and its shareholders.“.

On the other hand, Grupo Nutresa said that “The purpose of the meeting was to respond to an invitation from IHC, and its results were none other than to deepen the knowledge of that company from the United Arab Emirates and its managers”.

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Health

Clínica del Country awarded by the Colombian Society of History of Medicine

by archyde

The Colombian Society for the History of Medicine honored the Country Clinic for its sixty years of operation. It was noted that during this time it has served more than 6 million patients with the generation of 1,600 jobs.

“For his important management for 60 years and his significant contribution to the transformation of medicine and medical education in Colombia,” said Ricardo Salazar López, vice president of the Colombian Society, at the protocol ceremony.

As part of the commemoration, the Clinic announced that over the next five years it will build a new 2,600-square-meter care tower that will focus on the medical specialties of cancer, transplants, orthopedics, gastrointestinal, metabolic and cardiovascular surgery.

According to the managers of the clinic, the award is added to others that he has received such as the National Medicine Award in 1992 and, in 2012; the Cruz de Boyacá in the Cruz de Plata degree for his contribution to the country in medicine, and the José Acevedo y Gómez Order of Merit, in the degree of Grand Cross, for his contribution to the Capital District.

To date, the Clinic has 1,000 attached doctors and he stressed that it has increased its capacities since the pandemic, with more ICU units, with which they have treated more than 9,000 patients infected with covid-19.

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Health

Clínica del Country awarded by the Colombian Society of History of Medicine

by archyde

The Colombian Society for the History of Medicine honored the Country Clinic for its sixty years of operation. It was noted that during this time it has served more than 6 million patients with the generation of 1,600 jobs.

“For his important management for 60 years and his significant contribution to the transformation of medicine and medical education in Colombia,” said Ricardo Salazar López, vice president of the Colombian Society, at the protocol ceremony.

As part of the commemoration, the Clinic announced that over the next five years it will build a new 2,600-square-meter care tower that will focus on the medical specialties of cancer, transplants, orthopedics, gastrointestinal, metabolic and cardiovascular surgery.

According to the managers of the clinic, the award is added to others that he has received such as the National Medicine Award in 1992 and, in 2012; the Cruz de Boyacá in the Cruz de Plata degree for his contribution to the country in medicine, and the José Acevedo y Gómez Order of Merit, in the degree of Grand Cross, for his contribution to the Capital District.

To date, the Clinic has 1,000 attached doctors and he stressed that it has increased its capacities since the pandemic, with more ICU units, with which they have treated more than 9,000 patients infected with covid-19.

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world

Macron’s resignation and gold at US$3,000, among the 10 black swans for 2023

by archyde

After a year of challenges and challenges for the global economy, 2022 is coming to an end to give way to a new period in which the priority will be to stabilize world finances. As usual, the Danish investment bank Saxo He published his predictions for 2023, better known as the 10 black swans. Although the characteristic of these forecasts is that their probability of occurrence is low, some such as the rise in inflation in the US this year, Brexit in 2016, the stock market crash of 2008 and the rise of Bitcoin eIn 2017 they have been fulfilled.

The origin of the term is due to the theoretician Nassim Taleb, a Lebanese nationalized American, author of the book ‘The black swan, the impact of the highly improbable’ (2007), which describes these unthinkable events that have the ability to hit the market.

Looking at next year’s report, it is expected to be marked by a shift to a war economy, where sovereign profits and self-sufficiency will trump globalization. “Our outrageous predictions for 2023 revolve around how countries’ focus on asserting themselves will affect the global economy and the political agenda.”

Billion Dollar Energy Coalition

The energy crisis has increased the demand for new sources, which is why next year Saxo predicts that the owners of major technology companies along with other technophile billionaires will band together to develop new energy infrastructure.

According to Peter Garnry and Anders Nysteen, Saxo officials, this, dubbed the Manhattan Project, would total trillions of dollars and become the “biggest research and development effort since the original Manhattan Project, which developed the first atomic bomb.”

French President Macron resigns

French President Emmanuel Macron was re-elected in May 2022. However, in the legislative elections the president lost an absolute majority in Parliament, facing opposition from the left-wing Nupes alliance and the far-right National Rally of Marine LePen. According to Saxo’s predictions, in 2023 the disputes in French politics will increase, forcing President Macron to leave office.

Gold at $3,000 after central banks fail in inflation mandate

In 2022, the price of gold did not rebound as much as expected, however, in 2023 the outlook could change due to inflation. “It’s the year the market finally figures out that inflation will stay on for the foreseeable future. The tightening of the Fed’s policy causes a new problem in the US Treasury markets that forces new sneaky “measures” to contain volatility.” Given this scenario, gold would be trading at US$3,000.

The EU army forces a full union

“In 2023 it is clearer than ever that Europe needs to get the region’s defensive posture in order,” said Saxo officials John Hardy and Christopher Dembik.

Russia’s invasion of Ukraine increased political tensions in the world this year, generating serious consequences such as inflation and the energy crisis in Europe. This, added to the fact that Donald Trump will probably run for the presidency of the United States again, encourage all EU members to come together to create the EU Armed Forces by 2028. This project would seek to “establish fully manned and deployable land, sea, air and space operational forces, which will be financed with more than US$10 billion in spending.”

One country agrees to ban all meat production by 2030

Faced with the impact of climate change and the role of livestock in CO2 emissions, at least one country would ban live animal-based meat produced by 2030, replacing it with artificially enhanced plant-derived protein and lab-grown meat technologies.

UK holds anti-Brexit referendum

The new prime minister, Rishi Sunak, has proposed tax increases and spending cuts, which could send the UK into a prolonged recession with high levels of unemployment. His decisions and his low popularity would force him to resign. Against this background, Keir Starme would win thanks to the support of the Liberal Democrats, creating a second referendum to rejoin the European Union.

“A Labor government takes power in the third quarter, promising an anti-Brexit referendum by November 1, 2023. The reunite vote wins,” said Jessica Amir, market strategist at Saxo.

Widespread price controls to limit official inflation

As expected, inflation will continue to be one of the main challenges for the global economy in 2023. Despite the efforts of central banks to try to control it, the real CPI will continue to rise. “In 2023 expect an extension of price controls and even wages, perhaps even something like the establishment of a new National Board of Prices and Revenues in the UK and US,” they concluded.

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Economy

Colombia, among the Latin American countries that have not yet reached a ceiling in inflation

by archyde

At the end of June, the monitoring of Trading Economics explained that for every 10 countries in the world, between seven and eight showed reports of rising inflation. In fact, that is why he highlighted that By the end of the first semester, 85% of the world’s central banks had adopted the measure of adjusting their interest rates to face the movement of the Consumer Price Index (CPI). global.

With the update of the inflation report in Colombia, it can be seen that again the cost of living of people does not reach a ceiling, that is, the CPI reached 12.5%, it came from 12.2% and that is when it is seen that instead of pausing its growth, it followed the price ladder. Even the Minister of Finance, José Antonio Ocampo, acknowledged that he expected inflationary pressure to peak in October, something that did not happen and continued to advance. Now, the economic portfolio and the Banco de la República have moved their projections and see that inflation ceiling in January 2023.

Precisely in the local case, Colombia has been registering constant increases in the CPI since May, and at the end of November it is once again part of the countries that continue to increase the level of inflation. In what has to do with Latin America, of the 17 main economies, eight showed a bearish behavior (see chart).

“It may be an early reading to do, since the regional inflation measurement will arrive by the end of January 2023, but for the moment, it is seen that it is no longer all the countries that grow at the CPI level, but only half. And in fact several of the ones that have improved are key economies,” said Claman Cheelsen, Latin America market researcher at Research IP.

Precisely, while Colombia rose in inflation, in key economies such as Mexico there it went from CPI at 8.70% to 8.41%, or Chile from 13.70% to 12.80%. Costa Rico was the one that advanced the most, since between September and October it fell 13.6 points (jumping from CPI to 10.4% to 8.99%).

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