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The European Central Bank raises interest rates for the first time in 11 years. Up 50 basis points – Economics

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The European Central Bank raises interest rates for the first time in 11 years.  Up 50 basis points - Economics
The European Central Bank (ECB) raised interest rates in the euro area for the first time in 11 years. The Monetary Authority, led by Christine Lagarde, announced this Thursday, after a meeting of the Board of Governors, a 50 basis point increase in three rates – above market expectations – effective July 27.

The interest rate on the main refinancing operations is increased to 0.5% (from the previous level of 0%), the margin loan interest rate is increased to 0.75% (from 0.25%), and the deposit rate to 0% (compared to previous -0.50%). All of them were at historical lows.

The aim is to stem inflation in the Eurozone, which reached 8.6% in June, the highest level since the introduction of the single currency. The rate has largely exceeded the ECB’s inflation target of close to 2%, under the influence of the war and the energy crisis.

The monetary authorities justify the fact that they increased interest rates to a greater extent than indicated at the last meeting (25 basis points) in connection with the renewal of the economic scenario in the Eurozone and the introduction of a new “anti-fragmentation” tool.

“The Board of Governors saw fit to take a larger first step towards the normalization of key interest rates than announced at the previous meeting. This decision is based on an updated assessment by the Board of Governors of inflationary risks and enhanced support provided by [pela nova ferramenta ‘anti-crise’] for the effective transmission of monetary policy,” writes the monetary authority.

The ECB ensures that “it will support the return of inflation to the Governing Council’s medium-term target by anchoring inflation expectations more firmly and ensuring that demand conditions are adjusted to meet the medium-term inflation target.”

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After this rise, the ECB has already signaled that it will do so again in September. Thus, the market has already made this decision, which has led to a deterioration in sovereign debt yields and increased risk concerns. To stop the possibility of a crisis, the monetary authorities will come up with a new tool against fragmentation.

Thus, the central bank left the door open for further hikes in key interest rates, as was already done at its last meeting on June 9th. “At the next meetings of the Governing Council, a new normalization of interest rates will be appropriate,” he explains.

“The future dynamics of key interest rates, determined by the Governing Council, will continue to depend on data and help achieve a medium-term inflation target of 2%,” the ECB adds.

“Inflation is expected to remain undesirably high for some time to come,” Lagarde stresses.
“[É expectável] that inflation will remain undesirably high for some time to come,” Christine Lagarde said, noting that in the long term, the ECB expects inflation to be in line with the monetary authorities’ target.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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