The fact that the European Central Bank (ECB) is raising interest rates is the main measure it has to fight against the high inflation we are experiencing, largely caused by the cost of fuel. As individuals, how does this affect us? In short, money will be more expensive for everyone. If the price of money is higher, financing will be too. Consider that, when a bank calculates the interest rate of a loan, the operating margin is added to its cost. Therefore, we can expect an increase in the cost of new consumer loans.

After a summer with rising fuel prices, this Tuesday the subsidy for diesel will increase to 20 cents per liter. From September 1, the reduction in the hydrocarbon tax on diesel will return to its initial level. This is an initiative that is applied automatically, because the Spanish government foresaw its application if prices were to skyrocket by more than 15% compared to a year ago.

The multidisciplinary team that has worked until this month at the Baza-1 site, in the province of Granada, has extracted new records of mammoths and an extinct species of mastodon. These remains make this Andalusian site the richest in Europe in fossils of this type of extinct elephant, in addition to having fossils of at least three mammoths, rhinoceroses, two species of three-toed horses, antelopes, giant bones and the last cofe.