Brazil’s annual consumer inflation slows in January

Gain in Brazil's annual consumer inflation rate slowed down in January, according to official data released on Thursday.

The consumer price index rose 5.77% in January year-on-year, coming below the market expectations of a 5.8% increase, and slowing down from an annual gain of 5.79% recorded in December.

On a monthly basis, the consumer price index increased by 0.53%, the Brazilian Institute of Geography and Statistics (IBGE) said in a statement.

While the market estimate for the monthly figure was to show a gain of 0.57% in January, consumer prices rose 0.62% in December.

Source: Anadolu Agency

Brazil’s retail sales show annual gain in December, fall monthly

Brazil's retail sales showed an annual gain in December, but posted a decline on monthly basis, according to data released Thursday.

Retail sales in Brazil rose 0.4% annually in December, the Brazilian Institute of Geography and Statistics (IBGE) said in a statement.

The figure came much lower than expectations of a 2.4% gain after it increased 1.4% in November year-on-year.

On a monthly basis, however, retail sales volume contracted 2.6% in December, which was the second consecutive fall and marked the largest monthly decline during the year of 2022, the IBGE said in the statement.

Market estimates for the figure were to show a monthly contraction of 0.7%, after retail sales declined 0.9% in November from the previous month.

Source: Anadolu Agency

Controversial European Super League back with fresh proposal

“We have spoken to nearly 50 European clubs and other stakeholders. The vast majority of them share the assessment that the very foundation of European football is under threat. It is time for change,” said A22 Sports’ CEO Bernd Reichart in a video posted on Twitter.

In 2021, a group of football executives announced the formation of the breakaway Super League. The league was to be contested by 20 European football clubs, including 12 “founding members” that would have remained in the tournament permanently.

Despite saying it had the initial backing of 12 of football’s top teams, including Arsenal, Chelsea, Juventus, Barcelona and Real Madrid, widespread opposition caused the Super League to suspend operations just three days after it was made public.

Fans, political leaders, and other clubs slammed the project for elitism, arguing it would be unfair to smaller teams.

The new proposal, unveiled Thursday, now envisions a “broad-based and meritocratic competition” that would involve between 60 and 80 teams. in an "open, multi-divisional competition." There would be no permanent members, according to A22.

The plan also highlights that clubs participating in the tournament should remain “fully committed to domestic tournaments.”

Reichart argues that Europe’s football teams are in financial trouble and that a Europe-wide league would give them a stable and predictable revenue stream.

However, not everyone is buying the new attempt.

“The Super League is the wolf, who today disguises himself as a granny to try to fool European football. But HIS nose and HIS teeth are very big. Four divisions in Europe?" tweeted Spain's La Liga President Javier Tebas.

He said there would be different divisions, with the top division dominated by the elite clubs.

Real Madrid, Barcelona, and Juventus are the three football teams that remain actively committed to advancing the vision for the Super League, according to the Spanish daily El Pais.

Legal proceedings could also heavily determine what happens with this new attempt at the Super League.

After the original announcement of the proposed competition, UEFA and FIFA said teams or players tied to the Super League could be barred from major tournaments such as the World Cup or Champions League.

A22 challenged those threats and warnings in the European court of justice, arguing the football bodies were abusing their dominant position in the EU market.

The Court of Justice of the European Union is set to issue a final ruling on the case this year. But in December, the court’s senior legal adviser sided with FIFA and UEFA, saying they were within their right to impose sanctions on clubs that join a competing league.

A similar story played out in the world of golf last year when the Saudi-backed LIV tour began recruiting players from the mainstream PGA league.

Amid controversy, the PGA said any golfers who entered the new league would be barred from all PGA events. Even so, several of the top PGA players defected to the LIV tour and resigned from the PGA, as they were said to be guaranteed significantly more money.

Source: Anadolu Agency

Spanish parliament voices support for quake-hit Türkiye

Spanish official institutions and NGOs have been mobilized to provide support to Türkiye over Monday's two deadly earthquakes, the Spanish daily La Vanguardia reported Thursday.

The Spanish Parliament in an official declaration called for active cooperation at the institutional level with Türkiye and Syria, the daily said.

The declaration expressed support for the victims of the earthquakes that hit Türkiye and Syria.

Spain showed its solidarity by sending rescuers and providing emergency support to the two countries, the declaration added, according to the same source.

The Spanish Federation of Municipalities and Provinces also said it is ready to give contributions.

Autonomous communities of Madrid and Cantabria also prepared aid materials.

The Muslim community in Granada launched a help campaign via the Foundation of Granada Supreme Mosque.

The flag carrier Turkish Airlines will bring the aid packages.

Spain's Military Emergency Unit previously said its teams continued to dig through the rubble of collapsed buildings for possible survivors in the Islahiye district of Türkiye's southeastern Gaziantep province.

Madrid had already announced that it would mobilize health professionals and a field hospital in the earthquake zone.

The country’s Defense Ministry said two navy ships loaded with aid materials were also on their way to Türkiye to support relief operations.

Spanish Foreign Minister Jose Manuel Albares also announced that €1.5 million ($1.6 million) will be sent immediately as part of the International Federation of Red Cross and Red Crescent Societies' call for aid to Türkiye and Syria.

At least 16,546 people have been killed and 66,132 injured after two strong earthquakes jolted southern Türkiye on Monday, according to the latest official figures.

The quakes were also felt in several countries in the region, including Lebanon and Syria.

Source: Anadolu Agency