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A tale of two cities: why China appears so different when viewed from Barcelona and Prague
A tale of two cities: why China appears so different when viewed from Barcelona and Prague

South China Morning Post

time10 hours ago

  • Business
  • South China Morning Post

A tale of two cities: why China appears so different when viewed from Barcelona and Prague

In a gleaming white technology campus half an hour's drive north of Barcelona, Josep Maria Gomes wants to turbocharge an already thriving partnership between Spain and China. Advertisement His job at TecnoCampus, a hybrid facility housing a university and business and technology park in the city of Mataro, is to connect local start-ups with cutting edge tech innovations. More and more these days, he sees these coming from China. 'In sectors like cybersecurity, Internet of Things, sensory robotics and artificial intelligence, they are much more developed than us,' says Gomes, who in a previous role for the Barcelona Chamber of Commerce tried to lure Chinese investments into sectors including AI and electric vehicles. In recent months, organisations such as these have ridden the crest of a wave, as Spanish Prime Minister Pedro Sanchez raced to establish himself as Europe's 'anti-Trump'. As some European leaders dally over climate commitments, Sanchez has doubled down on the green energy and push for cleantech that helped Spain become the EU's fastest-growing economy last year. Advertisement Amid a widespread backlash against immigration, the Spanish government has made clear that it needs new arrivals to power growth and enrich its society. And with President Donald Trump doing much to burn the transatlantic relationship, Sanchez has wasted little time in pivoting to China as an alternative, publicly pushing for a new EU approach.

Bogotá connects with the tech world: Invest in Bogota will participate in the Web Summit Vancouver 2025
Bogotá connects with the tech world: Invest in Bogota will participate in the Web Summit Vancouver 2025

Globe and Mail

time7 days ago

  • Business
  • Globe and Mail

Bogotá connects with the tech world: Invest in Bogota will participate in the Web Summit Vancouver 2025

BOGOTÁ, Colombia, May 28, 2025 (GLOBE NEWSWIRE) -- Invest in Bogota and the Bogota Chamber of Commerce will participate in the Web Summit, one of the most important technology meetings worldwide, which will take place from May 27 to 30 in Vancouver Canada. This assistance is part of the agency's commitment to position Bogota and Colombia as strategic destinations for investment in technology and knowledge-based services. With more than 15,000 attendees from more than 130 countries, the Web Summit is a global platform to discuss the main challenges and opportunities of the sector, including key topics such as artificial intelligence, sustainability and digital transformation. The event will also be attended by the Information Technology and Knowledge Economy Cluster of the Bogotá Chamber of Commerce, under the leadership of its director Andrés Carbo Abello. The representation of Invest in Bogota will be in charge of Carolina Tamayo Hackmayer, Senior Investment Officer. In addition, the Science, Technology and Innovation Campus project will also be socialized, a strategic initiative that seeks to consolidate a high-impact environment for companies, universities and research centers, promoting the generation of knowledge, digital transformation and the development of innovative solutions with global reach. 61% of Bogota's GDP in 2023 came from the service sector, the main engine of its economy. Bogota recorded an average economic growth of 3.5% in the last five years, above the national (2.9%) and Latin American (1.4%) averages. The United States accounts for 27% of Colombia's IT services export destination, followed by Brazil (7%) and Mexico (7%). Bogota has three of the top 20 universities in Latin America. The city has the highest bilingual population in the region, with more than 2.1 million people. Colombia has graduated more than one million professionals in STEM careers in the last five years; 31% of them are in Bogotá. Bogota concentrates more than 63% of employment, 60% of revenues and 47% of companies in the IT sector in Colombia. Colombian talent is up to 20% more cost-efficient than Mexican talent in IT services. Invest in Bogota is a public-private partnership between the Bogota Chamber of Commerce and the Capital District, and its purpose is to facilitate international investment, attract world-class meetings and events and articulate the high-impact entrepreneurship ecosystem to contribute to the socioeconomic development, competitiveness and quality of life of the Bogota-Region.

Worldpay takes on domestic acquiring in Colombia
Worldpay takes on domestic acquiring in Colombia

Finextra

time22-05-2025

  • Business
  • Finextra

Worldpay takes on domestic acquiring in Colombia

Worldpay, a global industry leader in payments technology and solutions, is continuing its expansion into the Latin American market with new domestic acquiring capabilities in Colombia. 0 This expansion further adds to its geographical reach in the region, where it already supports some of the largest merchants across Argentina, Brazil and Mexico. 'Our vision to unleash the potential of every business means breaking down barriers for global merchants while enabling access to the rest of the world for local players, which is why extending our presence in countries like Colombia is a key focus for us,' said Gabriel de Montessus, group president of global enterprise at Worldpay. 'Colombia has one of the fastest growing e-commerce markets in Latin America. It presents significant opportunities for local businesses to expand, as well as for international brands to serve Colombian consumers. Worldpay is bringing key solutions to Colombia including its advanced e-commerce payments technology, multi-layered fraud protection, 3D secure and secure customer authentication, authorization, clearing and settlement, dispute management and data insights. The company's presence in the market will benefit Colombian-based merchants looking to operate internationally with access to Worldpay's extensive global payment network. Montessus continued, 'Our ambition is to be the payments partner these businesses need in order to power their growth, supporting them by coupling our global reach and revenue-enhancing solutions with the industry leading global and local expertise, tailored to our merchants' needs.' In addition to bringing global payments expertise to the country, Worldpay has a local team in Colombia to support regional businesses as well as global businesses with presence in Colombia. Local Worldpay payments experts will help businesses develop tailored payments strategies informed by data insights and regional understanding of payments preferences, opening access to Colombia's e-commerce and digital wallet growth. Worldpay's expansion into Colombia follows its recent expansion in the Mexico and is part of the company's strategic plan to enhance the global reach of its domestic merchant acquiring presence and capabilities. As a leading payments services provider, Worldpay now powers payments and local processing in 69 markets globally with domestic acquiring capabilities, giving in-country and international businesses a host of advanced technology to deliver experiences consumers expect at checkout.

Grupo Werthein invests $40 million into new generative AI company
Grupo Werthein invests $40 million into new generative AI company

Yahoo

time21-05-2025

  • Business
  • Yahoo

Grupo Werthein invests $40 million into new generative AI company

By Rafael Escalera Montoto (Reuters) -Argentina-based investment group Grupo Werthein launched Illumia, a humanized generative AI service, with an initial investment of $40 million, the company said on Wednesday. WHY IT'S IMPORTANT The investment represents an advancement in AI technology, particularly in enhancing personalized interactions between businesses and their customers. The firm will use a combination of AI tools and expertise from existing companies to provide solutions for sales, customer support and other interactions. KEY QUOTES "We aim to use generative artificial intelligence with digital assistants that can converse the same way humans can," Daniel Figueirido, chief executive of Illumia, told Reuters. "The key to the kingdom with this kind of investment is how do I combine each of these different platforms and technologies," he added. BY THE NUMBERS A recent Reuters study found that 56% of Latin American respondents are excited about the technology, though 50% of them have privacy and confidentiality concerns. WHAT'S NEXT Illumia has provided services to Worthein-controlled firms in Latin America and some third-party clients, said Figueirido, though he envisions Illumia expanding beyond its existing footprint in the region. Grupo Werthein is a Latin American holdings company with a portfolio that spans technology, media, entertainment, and other industries. The portfolio includes DirectTV Latin America and Sky Brazil. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Grupo Werthein invests $40 million into new generative AI company
Grupo Werthein invests $40 million into new generative AI company

Reuters

time21-05-2025

  • Business
  • Reuters

Grupo Werthein invests $40 million into new generative AI company

May 21 (Reuters) - Argentina-based investment group Grupo Werthein launched Illumia, a humanized generative AI service, with an initial investment of $40 million, the company said on Wednesday. The investment represents an advancement in AI technology, particularly in enhancing personalized interactions between businesses and their customers. The firm will use a combination of AI tools and expertise from existing companies to provide solutions for sales, customer support and other interactions. "We aim to use generative artificial intelligence with digital assistants that can converse the same way humans can," Daniel Figueirido, chief executive of Illumia, told Reuters. "The key to the kingdom with this kind of investment is how do I combine each of these different platforms and technologies," he added. A recent Reuters study, opens new tab found that 56% of Latin American respondents are excited about the technology, though 50% of them have privacy and confidentiality concerns. Illumia has provided services to Worthein-controlled firms in Latin America and some third-party clients, said Figueirido, though he envisions Illumia expanding beyond its existing footprint in the region. Grupo Werthein is a Latin American holdings company with a portfolio that spans technology, media, entertainment, and other industries. The portfolio includes DirectTV Latin America and Sky Brazil.

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