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European Commission is preparing to eliminate polluting cars by 2035



European Commission is preparing to eliminate polluting cars by 2035

The European Commission is set to announce that all new cars sold from 2035 should be zero-emission, and several car manufacturers have already announced plans to switch to all-electric.

Sources cited by agencies such as AFP or Bloomberg indicate that the Commission should offer its recommendations on Wednesday to achieve carbon neutrality by 2050, which includes a complete cancellation of emissions from cars from 2035.

Commission documents consulted by Bloomberg indicate that the European executive wants emissions from new vehicles to drop to 65% in 2030 and to zero in 2035. These standards will be amended, the news agency adds, with a commitment for national governments to develop infrastructure that charges electric and hydrogen cars.

As if anticipating this decision, in recent months, many car manufacturers have taken the path of electricity radically.

The latest to do so, German Opel, a subsidiary of the Stellantis group, announced on Thursday that it will be 100% electric in Europe from 2028.

The group, which has joined PSA (Peugeot-Citroen-Opel) and FCA (Fiat-Chrysler) since January, wants to play a pioneering role in the ongoing electrification of the automotive market. He has already given up the development of internal combustion engines and intends to invest 30 billion euros in the electrification of its ranges by 2025 and in computer programs.

Opel wants to be 100% electric in Europe by 2028, while Fiat wants to be 100% electric between 2025 and 2030, its CEO Olivier François said.

Volkswagen is betting on electric vehicles and has been successful so far. Its compact ID3 model, introduced in late 2020, is competing for market leadership with Tesla.

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The German group has yet to announce a date to end production of internal combustion engines, but expects 60% of battery cars to be sold in Europe by 2030.

In the transition to a tram, he will invest 46 billion euros over five years.

Its luxury brand Audi will be 100% battery-powered in 2033. Its other subsidiary, Porsche, will start producing high-performance battery cells.

Lamborghini, which also belongs to this German group, aims to electrify its entire sports car range by the end of 2024.

Supercar maker Bugatti, which will be handed over by VW to Croatian electric vehicle pioneer Rimac, is expected to release an electric model in the medium term.

For its part, Volvo, a subsidiary of the Chinese Geely group, plans to remove from its catalog by 2030 all combustion engine models, including hybrids, on the same date as Bentley or Ford for Europe.

“From 2025, half of our cars will be electric,” Volvo Cars President Hakan Samuelsson told AFP in March.

To reinvent its lineup, Jaguar Land Rover, a subsidiary of the Indian Tata Group, will invest £ 2.5 billion (€ 2.8 billion) a year, mainly in trams. All Jaguar sports cars will be electric from 2025.

Renault, which pioneered the tramway with Zoé, aims to introduce “the greenest ‘blend’ on the European market in 2025,” with more than 65% of vehicles being electrified. By 2025, it will launch 10 new electric vehicles, including a modern and “affordable” version of the iconic Renault 5 made in France.

BMW wants to sell 10 million all-electric models over the next 10 years, more than double its announced four million.

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Another pioneer of electric vehicles, the i3, this brand then gave way to, namely Tesla.

Its Mini subsidiary will completely phase out combustion engines within 10 years.

North American General Motors intends to end production of pollutant cars by 2035, even if it hasn’t yet made an open commitment to an exclusive EV offering this year.

And Japan’s Toyota, a pioneer of hybrid cars that doesn’t believe in battery-powered cars, will have seven all-electric models by 2025.

Until then, the world’s # 1 car maker expects 10% of sales in Europe to come from electricity and hydrogen, along with 70% for hybrids, 10% for rechargeable hybrids and 10% for fossil fuel vehicles.

In the case of Daimler (Mercedes-Benz), the goal is to continue the “acceleration” in the field of electric vehicles, doubling sales of electrified vehicles, including hybrids, in 2021 compared to 2020. In 2025, 25% of cars sold should be electrified companies with a target of 50% by 2030.

Finally, Korea’s Hyundai plans to introduce 23 electric vehicle models by 2025 and sell over a million units. For its part, Kia will unveil seven electric models, which should account for 20% of its global sales.

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Amortize loans or invest? see solution



Amortizar créditos ou investir? Veja a solução

At the end of July, there were 82.7 billion euros of customer deposits in the vaults of Portuguese banks. The data was released by Banco de Portugal (BdP) and represents the highest value ever, up 7.2% compared to the same month in 2021.

The amount that can lead the Portuguese to make a decision: to pay off debts associated with a loan, namely housing, or to invest in financial investments. But before you make a decision, do some math, because it’s not always easy to choose the best solution.

Between amortization and investment, the consumer can always save either through the interest he stops paying on the loan or through the income from the investment. Of course, in the first place in the analysis should be the profile of the family and what they value most: whether it is reducing expenses when paying off a mortgage or personal loan, whether it is the security of future times.

In the case of mortgages, given the low interest rates currently practiced, in most cases it is not worth paying, especially if the spread is very low – a common situation for loans taken up to five or six years ago.

In this case, the money will do more good if it is invested in a risk-free application, but then the challenge is to find the product with the best rate of return (see column on the side). However, if the Euribor rises, depreciation may be the best option. In the case of a personal loan, it is almost always preferable to amortize it due to the high interest rates involved.

How to compare rates The first golden rule is to compare interest rates on a loan and an investment product annually, as the situation can change in a short time.

The formula is simple: analyze the interest rate applied to the loan – TAN (index rate plus spread) – and also take into account the rate of the application you are about to file, TANL (net nominal annual rate). To better understand this analysis, consider the TAN of a loan as the cost you incur for the loan and TANL as the return on investment. Knowing the two rates, choose amortization if TAN is higher than TANL, since the savings realized in interest payable on the loan will be greater than the return on investment.

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If you have a fixed rate mortgage, in principle you don’t have to worry about rate fluctuations as a result of the Euribor hike, making comparisons easier. However, keep in mind that in this case, the fee for early repayment is higher: 2% compared to 0.5% for floating rate loans.

If you repay part of the debt, it must match the payment due date. If the reimbursement is motivated by death, unemployment or business travel, it is exempt from commissions. Banks may not charge additional fees or increase the penalty to the maximum on contracts that provide for a lower percentage or exemption. And these rules apply to new and old contracts, for the purchase, construction and work in own and permanent housing, resale or lease and acquisition of land to build your own home.

Indeed, with a partial repayment of 20,000 euros, the commission cannot exceed 100 euros for a loan with a variable rate and 400 euros for a loan with a fixed rate. You have up to seven working days to inform the bank by registered mail with acknowledgment of receipt.

However, if you have an adjustable rate mortgage with a spread of up to 2.5%, then you can invest in a risk-free application (see column on the side), capitalizing on interest to increase income. In the case of a personal loan, amortization is almost always the best alternative.

Risk free investment products

Annual returns of 3%, 4% or even 5% on guaranteed capital and low-risk savings products are a thing of the past. The interest currently charged is at a low level and there are banks that no longer pay out term deposits. However, look at the alternatives.

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Term deposits

If the simplicity of this savings product is one of its strengths, then the reward rate offered makes the app less and less attractive. Although it has been losing followers in recent years, it is still one of the favorite savings instruments of the Portuguese.

Consumers’ low monthly income, competition from other savings products, and reward cuts explain this downward trend.

Savings certificates

This product, which in previous years was considered a real alternative to savings, is increasingly losing ground due to the low rate of return. It is calculated based on the three-month average Euribor observed over the previous ten business days plus 1%. But expect small rewards.

Treasury Growth Savings Certificates

The interest rate increases: 0.75% (gross interest) is paid in the first and second years, which rises to 1.05% in the third year, 1.35% in the fourth, 1.65% in the fifth and 1.95% in the fifth year. sixth, to reach 2.25% last year. From the 2nd year, the interest rate increases by a premium, depending on the real average growth of the gross domestic product (GDP).

Investment Tips

1. Consider the unexpected

Monetize added value. Before investing, consider whether you really need this money. If you come to the conclusion that you don’t need it, you can start using that extra money to make the best use of it. Don’t forget that you should set aside three to six months of money for household expenses so that you can deal with any unforeseen circumstances. This applies, for example, to health care costs.

2. Investments for the long term

Stock market. Always think long term, especially if you are thinking about betting on the stock market. The explanation is simple: the more time you spend on your investments, the more you can risk and the more you can monetize. You should invest for at least five years – ten years is good, 20 years is even better so that the amount invested in stocks is maximum and can minimize temporary losses.

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3. Don’t invest everything in the same

Diversify your investments. Not putting all your eggs in one basket is one of the golden rules you should follow when thinking about investing. This means that you do not have to own only one security or securities of companies whose profits depend on a similar business. In the event of a change in the legal regime, your assets may undergo profound changes.

4. Don’t bet on something you don’t understand.

Information. If you don’t understand the product a company is selling, don’t buy stock. If you want to invest in government debt but don’t understand how Treasury bonds work, buy savings certificates. If you do not understand the description of the investment policy in the fund’s prospectus, do not subscribe. If the term deposit offered to you has an interest rate formula, exchange it for a deposit with a simple interest rate.

5. Don’t go into debt

Compare offers. It is a mortal sin for an investor to finance himself in order to invest. If your investment depreciates, the loan has a loss multiplier effect. If your investment grows, the loan will absorb the effect of profits. Whatever the outcome, investment loans never work. Only one entity always wins: the bank, regardless of whether the investor wins or loses.

6. Consider your profile

Take a risk or not. If you have a conservative profile, the investor intends to keep the amount invested and choose low-risk products. If you are moderate, you are already ready to take significant risks in investments and your choice, for example, in real estate funds. If he is dynamic, he takes on high risk in stock decisions and bets.

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Do you want to apply for a home loan? Banks will limit the maximum amount they are allowed to lend to 30%



Do you want to apply for a home loan?  Banks will limit the maximum amount they are allowed to lend to 30%

The increase in Euribor rates will limit the maximum amount banks are allowed to lend, and cuts could be around 30% as early as next month, Público reported on Monday. Debt reduction will also particularly affect those with lower incomes or less savings, who, subject to current regulations, will be required to guarantee at least 10% of the purchase price of the property, in addition to transaction costs. .

The duration of contracts, limited by the age of persons at the time of applying for a loan, is another factor that makes it difficult to access new loans. According to Eupago’s modeling, a loan intermediary, a couple aged 30 with a net monthly income of 1,800 euros, without inheritance or other loans, could receive a loan of 226 thousand euros in January last year, payable at the age of 37. . But a rate hike of 2% would mean that the same couple would only be able to fund themselves by 163,500 euros in September – 28% less. If the increase in Euribor reaches 2.5%, a value that can be reached next month, the amount will drop to 154.2 thousand euros.

The reasons? First, the increase in Euribor rates associated with most new home loans in Portugal, as well as the limits imposed by the Bank of Portugal since 2018 (when Euribor rates were negative) to limit the risk of household over-indebtedness. Banco de Portugal should not change the formula for calculating DSTI with a 3% increase, but says it is monitoring the situation. “As a macroprudential body, it monitors macroeconomic and financial developments and will continue to monitor compliance with the recommendation, as well as promote changes to it, always with the aim of improving its effectiveness,” the regulator told the daily newspaper.

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DHL with ‘great difficulty’ invests $50 million in Lisbon



DHL with 'great difficulty' invests $50 million in Lisbon

Portugal could be a “much bigger gateway” for DHL’s business than it is today, said Dinheiro Vivo, CEO of DHL Express John Pearson, on the sidelines of the 2022 Trade Growth Atlas launch in Brussels, noting that there are business opportunities in the country’s largest distribution and logistics group in the world. However, the group has been trying “for years” to set up a new logistics terminal in Lisbon, but to no avail.

“We have been trying for many years with the ANA and the airport administration to create a new infrastructure, I think we are close to this. Our planes,” he emphasizes. DHL has grown “very fast” and has a “very healthy business with a very high market share” in Portugal, with good prospects “especially in the consumer segment”, which Pearson said could create “more terminals and jobs”.

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