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The automotive sector in Germany in a maximum of three years – O Jornal Económico

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The automotive sector in Germany in a maximum of three years - O Jornal Económico

In a study by the ifo institute, it is said that the indicator of the commercial situation in the industry in May rose to 36.6 points, which is the highest indicator since September 2018, from 23.7 points in April.

German automakers and suppliers indicated that activity in May was “much better” than a month earlier, according to a study released today by the German ifo institute.

“Things are going pretty well right now,” “but dark clouds are starting to gather, probably due to a lack of chips,” says Klaus Wolrabe, head of survey at ifo, in his study.

The study says that the optimism of managers in the auto industry has faded in recent months, and the corresponding figure fell to -1.4 points, the lowest level since May 2020, from 23.2 points in April.

“The growth in demand has not been as strong as it has been recently,” adds Wolrabe.

The demand indicator in May fell to 4.7 points against 40.2 points in April, respectively, the growth of orders slowed down, in May the corresponding indicator fell to 20.9 points against 42.1 points in April.

In response, the industry plans to slow production, falling to 9.7 points in May from 42.0 points in April, ifo said.

Export expectations also fell, with the corresponding ifo indicator falling to 0.2 points in May from 28.6 points in April.

The German Institute also says that “things continue to go wrong for industrial workers as employment plans continue to predict job losses,” with the corresponding figure declining slightly, to -30.2 points in May from -29.4 item in April.

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Economy

Lisbon leads in Europe. Altri jumped 10% to a three-year high

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Lisbon leads in Europe.  Altri jumped 10% to a three-year high

The Lisbon Stock Exchange ended the session at the top of the European green tide, with the most impressive gains in the block.

PSI ended the day up 1.61% to 5,834.03 points. Altri led the gains, climbing 9.94% to €5.36 after rising more than 13% during the session to break April 2019 highs.

The paper mill benefited from an increase in the “target” of Greenvolt, a company partially owned by Altri, on JB Capital Markets from 7.2 euros to 8 euros. The renewable energy company led by Manso Neto also reacted sharply to the change, raising prices by 4.74% to 6.85 euros.

The company, headed by Soares de Pina, was also helped by the fact that the shares of the paper company went on ex-dividend on Tuesday, which “attracted investors who wanted to receive shares [da Altri] without budget implications,” explained Stephen Santos, analyst at Banco de Investimento Global (BiG).

“Those who bought so far were entitled to receive dividends, but this is income subject to taxation (tax impact),” justifies the specialist contacted by Negosios.

The paper maker was followed by BCP, which ended the session up 6.91% to €0.1640 after the bank, led by Miguel Maia, posted a post-session Monday profit of €113 million in the first quarter, up 95% more than during the same period. period last year.

The bank is also monitoring the sector in Europe, taking advantage of the expectations of interest rate hikes in the eurozone as early as July.

Still among paper producers, Semapa closed the day up 2.61% to EUR 14.16, while Navigator rose 2.50% to EUR 4.09.

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In retail, the session ended mixed, with Jerónimo Martins adding 0.11% to €18.81 and Sonae adding 1.85% to €1.02.

In turn, in the energy sector, Galp followed the growth of oil in the international market and rose by 2.29% to 10.70 euros, while EDP added 0.76% to 4.48 euros, and renewables shares rose by 1.12% up to 20.74 euros.

In terms of losses, REN led the table, falling 4.59% to 2.81 euros, as the energy company began discounting dividends on Tuesday. The company will pay a dividend of €0.154 on 19 May.

(news updated at 16:54 with quotes)

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Sonae IM sells Thales the cybersecurity holding company that controls S21sec and Excellium – Tecnologias

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Sonae IM sells Thales the cybersecurity holding company that controls S21sec and Excellium - Tecnologias

Sonaecom announced that, through its subsidiary Sonae Investment Management (Sonae IM), it has reached an agreement with Thales Europe to sell the company’s entire share capital and voting rights to Maxive-Cybersecurity. The information was disclosed on Tuesday to the Securities Market Commission (CMVM).

“The deal has an enterprise value target of €120 million and is estimated to have a positive impact on Sonaecom’s consolidated results of around €63 million,” the statement said. “These amounts may vary depending on the effective date of the transaction and the relevant financial performance of Maxive and its subsidiaries at that time,” it explains.

Maxive is the holding company that controls two cybersecurity companies, S21sec and Excelliumm. In a press release about this acquisition, S21sec notes that with this acquisition it will be able to “expand its footprint in Europe”, noting that the deal “represents an opportunity for S21sec to continue its history of cybersecurity innovation and leadership within an organization entirely dedicated to digital and Technological Innovation, Connectivity, Big Data, AI Cybersecurity, Quantum Technology and Defense.”

“We are thrilled to launch this new era in S21sec at Thales Group as we believe this operation will enable us to develop the skills, know-how, experience and services of S21sec globally,” says Agustín Muñoz-Grandes, CEO of S21sec, says in the statement. “S21sec customers will benefit from the complementary and complementary capabilities that Thales has already developed across its cybersecurity division, always targeting mission-critical business and community organizations.”

“The acquisition of Maxive Cybersecurity reinforces our cybersecurity leadership in today’s ever-expanding cyberthreat landscape. We are excited to welcome the Maxive Cybersecurity teams and further strengthen our global cybersecurity capabilities to provide solutions that deliver ever-increasing performance for our customers,” adds Philippe Kerrier, Thales EVP of Strategy, Research and Technology.

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“As the majority shareholder of the company, we have helped S21sec more than triple its annual revenue based on its history of innovation and experience, which has helped it become one of the leading MSSP companies in Europe,” says Carlos Alberto Silva, Managing Partner at Sonae Investment Management. “The acquisition of Thales Maxive Cybersecurity is the perfect culmination for S21sec as a company as it incorporates Thales’ cybersecurity capabilities while continuing to offer its customers a long-term service with enhanced capabilities across its entire portfolio,” adds Simon Church, CEO of Maximum Cybersecurity.

Thales employs 10,000 programmers and 5,000 IT and cybersecurity engineers in 60 countries. 546 Maxive Cybersecurity professionals based in Portugal, Spain, Luxembourg and Belgium will be integrated into Thales’ more than 2,000 cybersecurity employees.

The statement sent to CMVM clarified that completion of the transaction is subject to verification of the usual terms for such an agreement, including regulatory approval, which is expected to occur before November 30, 2022.

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LUNA Creator Wants to Hard Fork to Save Cryptocurrency and Kill UST Stablecoin

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LUNA Creator Wants to Hard Fork to Save Cryptocurrency and Kill UST Stablecoin

Do Kwon has a plan to try to revive the Earth’s ecosystem and its cryptocurrency MOON: Retire current network and UST stablecoin.

South Korean founder of Terraform Labs defended this Monday (16th) that Earth’s blockchain must go through hard fork which will split the current network into two parts. The old version will be called “Terra Classic” and the new one will be simply “Terra”.

With the adoption of the new version of the blockchain, a new cryptocurrency called Luna appears on the market, and the old token is renamed Luna Classic with the symbol LUNC.

In the new Terra ecosystem, UST is abandoned in the old chain, and the updated version of Terra no longer has stablecoin algorithm.

“Land is more than UST,” Kwon wrote. “While UST has been the central narrative of the Earth’s growth story over the past year, the spread of UST has led to the development of one of the strongest developer ecosystems in crypto that is worth preserving.”

Case a offer will be voted on by the community this Wednesday (18), the hard fork that will create the new Earth circuit will take place next Friday (27).

Distribution of the new version of LUNA

If the hard fork is approved, the new version of Luna will be distributed in the form of airdrops targeted at coin holders.

According to Do Kwon’s proposal, Luna will be distributed free of charge to holders and users who make bid current currency version; for UST holders and developers of major Earth applications.

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According to Kwon, the Terraform Labs wallet will not be participating in this giveaway, which “makes Terra a fully community-owned network.”

The tokens will be distributed to users who had Luna and UST in their wallet at the time the snapshot was taken, with a record of the wallets and their amounts in the given time period.

To determine the distribution of tokens, two snapshots will be taken: the first entry “before the attack” will be from block 7544914 on May 7, and “launch” will be block 7790000 mined on May 27th.

In total, 1 billion Luna tokens will be issued in the new version of the blockchain, distributed as follows:

25% – community pool regulated by management

1% – emergency allocation for core developers (no crashes)

4% are core developers

35% – holders with Luna (minus Terraform Labs wallet) in snapshot”before the attack

10% – Luna holders (including derivatives) in a snapshot”launch

25% – UST holders in the picture”launch

In order to prevent tokens from being dumped into the market after launch, the proposal states that new holders will be locked by coins (cliff) during a year.

“We believe that this distribution of tokens, in addition to LFG’s best efforts to help UST holders, better takes into account the different interests and time preferences for each stakeholder group and, more importantly, creates the most viable path for the rebirth of the Earth’s ecosystem.” concluded Do Kwon.

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