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Does my effort increase as Euribor grows? – Money and career

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Does my effort increase as Euribor grows?  - Money and career

Euribor rates have been rising for three months on all maturities. But the situation is expected to worsen in the coming months. This is because the European Central Bank (ECB) is expected to start interest rate hike benchmark, as a measure to combat the current rise in inflation in the euro area. So how might the growth of Euribor affect your level of effort?

Euribor rates go up, now what?

If you have an Euribor-related mortgage, the impact you will feel will be on the monthly payment you pay for it. This means that your current effort rate calculated by the bank to approve your loan will also increase. As a rule, banks approve mortgages for those whose rate is not higher than 30% – the limit so that the family budget is not too tight.

However, it all depends on whether you have other loans, other installments, or credit cards. But let’s move on to explaining what effort level and what it represents in your mortgage so you understand if it will bother you if it goes up.

What are my efforts with the increase in Euribor?

What, after all, is the norm of effort? This is the ratio between your family’s net monthly income and your expenses. That is, the income received should be enough to cover expenses so that the family budget is not cramped.

For example, assuming your net income is €1,500 and you pay off a loan of €400, you can calculate your effort level as follows:

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Effort Level = (400/1500) x 100 = 26.7%

Thus, in this case, the rate is equivalent to 26.7%, which is below the maximum limit of 30% set by the Bank of Portugal for mortgage loans.

But let’s take another example: if you get €2,000 net, you have a €600 installment installment on your mortgage, your effort rate goes up to 30%. If you have other charges in addition to this loan, such as a €100 car loan payment and €80 monthly credit card debt, the effort rate would be equivalent to 39%.

However, if your loan payment increases, your efforts will also increase.

In this sense, if your allowance increases by 50 euros, and incomes do not grow, it may be worth making adjustments to the family budget.

While this is not a significant increase at this point, you should be careful not to make new loans or expose yourself to new charges. Instead, focus on reducing non-essential services in order to increase the financial deficit of the family budget.

But if in the long run Euribor rates continue to rise up to the point that it could impact your productivity in the form of a €200 increase, your effort level is already up to 49%. Here you must take measures that involve cutting costs so as not to put the budget at risk and be able to cover all the necessary expenses.

In this case, small cuts may not be enough to achieve the liquidity you need. And you may need to consider solutions such as renegotiating your loan terms, transferring your loan to another bank, or pooling loans to reduce your effort.

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Economy

Elon Musk asked an employee for sex in exchange for a horse. SpaceX pays $250,000 to keep woman quiet – Observer

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Elon Musk asked an employee for sex in exchange for a horse.  SpaceX pays $250,000 to keep woman quiet - Observer

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SpaceX multi-million dollar company Elon Musk, paid $250,000 to silence a former flight attendant whom Musk allegedly asked for sex during a massage, promising her that he would buy her a horse in return. The story has been revealed business insiderciting a person close to the woman in question – and Elon Musk has already reacted, stating that “there is a lot to tell in this story” and claiming that this is a publication “with political motives to hurt” the richest man in the world.

The case did not go to trial because in 2018 SpaceX agreed to pay the woman $250,000 (€236,000 at current exchange rates) to settle the case out of court, which includes a promise that the woman would not be a public matter. However, a Business Insider report cites a friend of the woman who gave details of the case and mentioned the woman’s identity (which Business Insider, however, does not disclose).

The incident may have taken place in late 2016, when this woman, a flight attendant from SpaceX’s private jet fleet, was called in to give Elon Musk a private massage. According to a statement made by a friend of the woman, her superiors advised the flight attendant to take a body massage course because that way she could later see that her work was appreciated because of the massage she could give Musk. At that stage, the woman worked under a contract.

During one such massage session on a flight to London, Musk is said to have shown a woman his penis, touched her leg without consent, and asked her to “do more”. And knowing that the woman was a horse rider, he suggested that if she initiates sexual intercourse, he would buy her a horse. The woman did not agree, and since then she will have fewer requests for jobs at SpaceX.

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A friend says the woman told her about the incident shortly after – “she was very shocked, she didn’t know what to do.” “She believed that everything would return to normal, and could pretend that nothing happened, but then it began to seem to her that she was being avenged because her shifts began to shorten.” “She felt like she was being punished for refusing to engage in prostitution herself,” says her friend.

Elon Musk was contacted by Business Insider and, after asking for more time to respond, stated that “there is a lot to tell in this story.” However, he subsequently did not comment again, although Business Insider gave him more time to do so.

“If I had a tendency to sexual harassment, it is unlikely that only now, after a 30-year career, such a story would surface,” Musk added, calling this story “a politically motivated piece.” [o] harm.” Now that the news has been out, Elon Musk has turned to Twitter – the social network he’s currently buying – to discount the case.

receiving tweet 2021, where he said that if he were ever in the center of a scandal, he would like to be called “Elongated”. “Finally, we have the opportunity to use Elongate as a name for a scandal. It’s perfect!” he wrote that Friday, later using emoji laughter.

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Delta is the most attractive company to work in Portugal. Bosch and Farfetch round out the top three – Companies

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Delta is the most attractive company to work in Portugal.  Bosch and Farfetch round out the top three - Companies

Farfetch and Bosch were in the top three most attractive companies to work for this year, moving up to 8th and 15th places, while Delta secured the top spot.

Among the preferred sectors, healthcare ranks first, followed by information technology, which led last year, and the automotive sector rounds out the podium. As for remote work, it has declined again this year after the slowdown in government measures against Covid-19 and now stands at 38%.

These are the results of the Randstad Employer Brand Research 2022, which also notes a 4% increase in the number of Portuguese workers who changed employers in the second half of 2021.

There is also a growing trend in employment, with one in five Portuguese intending to change jobs this year, up 6% on the same period last year.

When choosing a company to work with, salary and benefits remain the main criteria, along with a combination of personal and professional life and work environment.

Randstad Employer Brand Research aims to analyze public perceptions of employers in different countries. In Portugal, the survey was conducted online in January 2022 with 4,997 people (active professionals, unemployed and students) aged 18 to 65. The majority of participants live in Lisbon (38%), followed by the north (34%) and center (18%) of the country.

Top 20 most attractive companies to work for:
1. Cafe Delta
2. Farfetch
3. Bosch
4. Nestle

5. Hovion

6. Siemens

7. Bank of Portugal

8. RTP – Radio and Television of Portugal

9. Company “Navigator”

10. Volkswagen group services

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11. OGMA – Portuguese Aviation Industry

12. Fujitsu Technology Solutions

13. IKEA Portugal

14. Joaquim Chavez Saude

fifteen . Volkswagen AutoEurope

16. Hospital da Luz

17. Nokia

18. Sumol+Compal

19. PSA Peugeot Citroen

20. Pestana Hotel Group

Top 10 most attractive sectors for work:
1. Health
2. IT, consulting and telecommunications
3. Car
4. Tourism, sports and entertainment
5. Consumer goods and food industry
6. Banking and financial services
7. Industry
8. Aviation
9. Customer service and general services
10. Services

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Economy

War in Ukraine: McDonald’s announces deal to sell Russian business to local businessman

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War in Ukraine: McDonald's announces deal to sell Russian business to local businessman

“Under the terms of the agreement, Govor will acquire the entire portfolio of the chain’s restaurants and begin operations with a new brand,” McDonald’s said in a statement, noting that the Russian businessman has been its partner since 2015, exploring several of the group’s establishments. in Siberia. .

The deal still needs regulatory approval and final details are expected to be agreed “in the coming weeks”.

“The sale and purchase agreement provides for the preservation of at least two years of jobs in equivalent conditions,” McDonald’s emphasizes, without increasing the amount of the transaction.

Govor will also pay salaries to employees working in 45 regions of Russia until the deal is completed.

The agreement was announced three days after McDonald’s announced it was pulling out of the Russian market after more than 30 years in the country, where it had 850 restaurants and 62,000 employees.

“The humanitarian crisis caused by the war in Ukraine and the unpredictable context for continuing operations have led McDonald’s to conclude that business in Russia is no longer sustainable or in line with McDonald’s values,” the restaurant chain said in a statement released in the United States. USA.

The fast food chain announced the temporary closure of its restaurants and the suspension of work in Russia on March 8.

The departure of McDonald’s from Russia has great symbolic and economic significance, as the group was one of the first Western brands to settle in the country. It opened a branch in Moscow in 1990, shortly before the collapse of the Soviet Union, becoming a symbol of the end of the Cold War.

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