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Europe is green. Oil and gas are depreciating. Interest is waning. Gold Rising – Markets per Minute

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Stoxx 600 with the best week since May.  Dollar falls as interest rates fall - Markets in a Minute

Europe is up, but analysts warn of a “short-term downturn”. Lufthansa flies 6%

Europe started the session mostly in the green, while investors assess the European reporting season, and the market is eyeing London, where the Bank of England will announce a possible increase in interest rates by 50 basis points, the highest level since 1995. .

The Stoxx 600 added 0.36% to 439.85 points. Of the 20 sectors included in the index, retail, travel and leisure lead the growth, according to Lufthansa forecasts, while mining and personal care bear losses. The typical European benchmark is struggling to maintain momentum, ending July with the biggest monthly gain since November 2020.

In a major market move, Lufthansa shares added 6.67% after the airline predicted profits would continue to rise in the coming months, while Booking’s earnings confirm a strong start to the summer season.

On the other hand, Rolls Royce fell 5.1% after the car brand reported a first-half loss of £1.61bn (€1.92bn at current exchange rates) compared to a profit of £394m. pounds (470.79 million euros). last year.

Elsewhere in Europe, Madrid and Frankfurt added 0.84% ​​each, Paris added 0.51% and Milan added 0.61%. Here Lisbon rises by 0.49%. Amsterdam is the only major market trading in the red (-0.22), while London is trading in positive territory in anticipation of the decision of the Bank of England.

“Despite this rise, the short-term outlook remains very negative due to continued risks of war in Ukraine and elections in Italy,” warned Elliot Hentov, head of research at Street Global Advisor, in statements to Bloomberg. .

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Bernstein even states in a “research” note cited by Bloomberg that Europe is likely to enter a “mild recession” with euro weakness, an energy crisis and political uncertainty in Italy as the main challenges, “a short ‘market downturn’ is to be expected. .

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Economy

Debt collected by Social Security to reach lowest in a decade in 2021 – ECO

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Debt collected by Social Security to reach lowest in a decade in 2021 - ECO





Debt collected by Social Security to reach lowest in a decade in 2021 – ECO































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Economy

TUGA offers new electric vehicles in three segments: from sports to trucks – Computers

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TUGA offers new electric vehicles in three segments: from sports to trucks - Computers

Based in Vancouver, Canada but co-founded by Portuguese Cesar Barbosa, TUGA Innovations is developing solutions for urban mobility. AT February showed its first working prototype of the TUGA electric car, but has now revealed its plans to develop a whole family of urban mobility solutions.whether for use by independent consumers or for operators with a fleet of commercial models.

The company says that based on market research, it has decided to change its strategy, highlighting TUGA Innovations’ ability to easily transform the functional design aspects of its base model. So it’s over several predefined vehicle configurations which, although sharing a few common design featurestarget different uses and customer needs, whether it is a focus on mobility, services or utilities.

TUGA Innovations offers three vehicle categories as well as proprietary component options such as retractable rear axle or retractable landing gear, which the company later says will be segmented to suit different market sectors..

See the various TUGA models in the gallery:

The first category is dedicated limited-edition high-performance cars that can transformsuch as removing the front windshield and rear bin to create the look of a roadster. They fit the TUGA Thunder and TUGA Falcon models.

The second group of vehicles includes TUGA Commuter and TUGA Deliver, which, in fact, are demonstration models of the manufacturer. They allow you to swap body parts that have now been redone with more safety components added.. Vehicles can also be purchased in a package called Mobility as a Service (MaaS) for functional integration into delivery fleets as well as daily commuting.

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Finally, the TUGA Cargo and TUGA Pickup models. expand your chassis to meet the needs of urban micrologistics. The vehicles have a capacity of 600 liters of cargo space in an 88 cm long model, combined with an extended 128 cm rear axle for added stability.

See prototype images in the gallery:

Regardless of category, the startup claims its entire family of vehicles has been designed to make transit and parking easier.. The retractable axle improves stability at high speeds, and the retractable chassis allows passengers to easily get inside the vehicle.

According to Cesar Barbosa, his startup creates not just a vehicle, but a solution to the problems of urban mobility. The project manager adds that since the presentation of the prototype, the family has expanded to offer different products and other features of its electric vehicles..

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Economy

Gas. Bottle sellers adjust prices

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Gás. Vendedores de garrafas corrigem preços

















Gas bottle sellers have adjusted prices that are not in line with government regulations limiting those values, said the National Energy Sector Organization (ENSE), which returned yesterday to review activity.

After conducting the first inspection on Tuesday, which found “high non-compliance” in 23.4% of outlets, the organization again carried out “108 inspection actions in Castelo Branco, Portalegre, Santarem, Evora and, in the municipalities of Cascais, Oeiras and Sintra in the Lisbon area, focusing on petrol stations, hypermarkets/supermarkets and other retail outlets.”

During this second check, ENSE found “seven violations (corresponding to 6.5% of the actions taken) in the selling prices (from 0.36 euros to 3.39 euros for T3 bottles and 6.92 euros for T5 bottles) of this type of product.” But he left a guarantee: “Of these actions, it was established mainly the correction of inappropriate prices, namely in relation to inflated amounts charged in several hypermarkets of the same brand.”

The maximum prices per bottle of liquefied petroleum gas (LPG) set by the government came into effect on Tuesday, saving almost 3.2 euros on a 13 kilograms (kg) bottle of butane.



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