Connect with us

Economy

The euro rises above parity with the dollar. Gold and oil are recovering. Europe in the red – Markets per Minute

Published

on

Working in the US gives Europe a boost.  Interests in Relief and Oil Rise - Markets in a Minute

Europe opens lower and moves towards weekly losses

European stock markets started in negative territory as investors forecast August inflation data released this Friday to remain strong. This scenario, if confirmed, could lead central banks to continue to tighten monetary policy.

The Stoxx 600 index, the benchmark for the European market, fell 1.15% to 410.03, mainly under pressure from the natural resources, travel and leisure and real estate sectors.

Among Western European major indices, the German Dax fell 1.70%, the French CAC-40 fell 1.30%, the Italian FTSEMIB fell 1.58%, the British FTSE 100 fell 0.24% and the Spanish Ibex fell 1. .24%. In Amsterdam, the AEX posted a 1.14% decline.

The Stoxx 600 ends the week on a loss after higher-than-expected US inflation undermined optimism that the Fed may start easing monetary policy in the near term. There are also signs from the European Central Bank that the upward trend will continue.

Luis de Guindos, vice president of the ECB, called for “decisive action” to combat high inflation, calling for a continuation of interest rate hikes after the increase announced last week.

See also  Former RTP journalist to launch Netflix da Cultura at € 8.99 / month - media
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Legacy of Charles III

Published

on

A herança de Carlos III

















Perhaps one of the first questions we ask ourselves when a monarch dies is: what will be his condition? Or: how many zeros will there be on a bank statement? Or even: how much are all the items you bought?

Queen Elizabeth II died earlier this month at the age of 96 and, according to the British newspaper The Sunday Times, she was the owner of a personal fortune valued this year at £370 million, about €427 million, “more than five million more than in 2021.” “. Thus King Charles III (his successor) inherited from his mother not only the throne of the United Kingdom, but also a personal fortune “which he would receive without payment of inheritance tax, in the privilege reserved for royal transmissions”. Most of this wealth would go to Charles and the British government would not receive a single pound sterling.
From sovereign to sovereign

According to CNN, in the United Kingdom, inheritance of assets worth more than £325,000, that is, €373,000, is subject to a 40% inheritance tax. However, Carlos III will not have to transfer this amount to the kingdom’s finances thanks to rules approved in 1993, which provide for an exclusive regime for the heir to the crown when he receives the personal assets of the previous monarch. Under these rules, assets transferred from the sovereign or from the sovereign’s spouse to the next monarch are “exempt from inheritance tax”. In addition, the rules set out in the 2013 government memorandum of understanding also ensure “that the monarch has his own personal money and therefore his financial independence from the state.”

See also  Asian owner of Palacio das Cardosas buys the oldest 5-star hotel in Porto - Turismo & Lazer

Charles’ estate includes assets such as Balmoral Castle in Scotland (where Elizabeth II died and is a summer retreat for the British royal family); The residence at Sandringham in England becomes the private property of the British monarch and is known as the place where the family usually celebrates the passing year. In addition, Isabella II had a large stock portfolio and a collection of royal stamps valued at £100m, about 115m euros, according to The Times last year. The famous British Crown Jewels, valued at around £3bn (around €3.5m), also automatically passed to his successor.

Charles III also inherited the Duchy of Lancaster – a royal property since the Middle Ages – which brought the British monarch a private income of £24 million, about €27 million, in the last financial year. The Duchy of Lancaster collected the private heritage of British kings for six centuries. According to El País, its main goal is to provide monarchs with a source of income independent of the sovereign subsidy, a budgetary line provided by the state to carry out their official functions. Despite this, with accession to the throne, Charles loses the duchy of Cornwall, which belongs to the eldest son of the British monarch and which brings about 21 million pounds, about 24 million euros, a year.

To all this will be added the personal fortune of Carlos, estimated at about $ 100 million.
According to CNN, Carlos will also receive an annual “sovereign grant” from the British Treasury of 15 per cent of crown asset income, which for 2021-2022 reaches around 100 million euros, with an additional share of more than 34 million euros. million pounds sterling, about 40 million euros, for the reconstruction of Buckingham Palace in London. This sovereign grant is used “to finance the expenses associated with the official representation of the head of state or members of his family”, including staff salaries, maintenance and cleaning of palaces, official travel and receptions.

See also  Prophet of Doom Predicts Long, Ugly Recession and S&P 500 40% Drop

In addition, you will also own a portfolio of the Crown Estate – one of the largest real estate empires in Europe – which includes commercial property, including property in prime locations in central London, rural and coastal land across the country and even the waters around England and Wales. .



Comments are disabled.

Continue Reading

Economy

Elon Musk showed a prototype humanoid robot Tesla Optimus

Published

on

Tesla robô Optimus Elon Musk protótipo

Creating a robot has been in the plans of Elon Musk for many years and with several plans for its use. Optimus is the most visible face of the company in terms of creating offerings that will be used in its factories as well as in everyday contexts.

A few hours ago, at the Tesla AI Day 2022 event, a company leader spoke about Tesla’s progress in this area. A new robot has been introduced, which shows that we have real proposals that work and help people at any given time.


Elon Musk reveals his next robot

Over the past few years, Tesla has bet on Optimus your interpretation than a robot designed to help in everyday life. Everyone knew it was just an image of what it could be, not yet fully functional. Elon Musk admitted this on the stage of AI Day 2022.

What was shown just a few hours ago puts this robot on a new level. On the stage of this event, the first functional prototype was shown, which paves the way for what is being prepared. Autonomy is already visible, but it was also clear that there was a lot of work to be done.

Working prototype of Optimus

With a price tag that should be under $20,000, the new Optimus was on stage to show what it can already do. He moved by himself, which was the first time he did, and even danced to show his mobility. In terms of dates, this one was created in the last 6 months and Tesla predicts it will be ready in the next few months.

Equipped with a 2.3kWh battery, this prototype is powered by a Tesla SoC and offers both Wi-Fi and LTE connectivity. In terms of software, Elon Musk's company has redesigned its autopilot, redesigning it to work in a new body and environment. Here, too, real models were used to train the system.

Elon Musk's Tesla Optimus robot prototype

Tesla's great attention to detail

This presentation was about the joints of this Tesla robot. The company has created "human-level arms" with 11 degrees of freedom based on six special actuators, as well as "complex mechanisms that allow the arm to adapt to gripping objects."

While it's still far from being a usable and independent offering, it's clear that Tesla has already changed a lot about its robot. Soon there will be many more news that are placing these new elements in the factories of the brand and, who knows, in our homes to help in everyday life.

See also  Asian owner of Palacio das Cardosas buys the oldest 5-star hotel in Porto - Turismo & Lazer
Continue Reading

Economy

Electricity and gas prices for families to rise this Saturday

Published

on

Electricity and gas prices for families to rise this Saturday

Increases in the price of natural gas and electricity for residential consumers in regulated and liberalized markets will come into effect this Saturday, which in some cases will increase the monthly bill by almost 40 euros.

Continue Reading

Trending