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War is pushing tech projects out of Ukraine, and there are already companies looking to Portugal – Observer

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War is pushing tech projects out of Ukraine, and there are already companies looking to Portugal – Observer

The return of war to European territory with the invasion of Ukraine on February 24 also has implications for the technology market of the old continent. Ukraine, a market where several companies have installed outsourcing and research and development (R&D) focused on several digital transformation projects.

With the advent of the conflict, some companies that outsourcing in Ukraine and neighboring countries decided to move projects to other countries, preferably away from the conflict. The phenomenon was felt not only in Ukraine: due to the sanctions applied to Russia, several technology companies decided to close offices and cease activities in the country of Vladimir Putin.

Portuguese Boost IT, a division of Nexus Capital dealing with coastal, which provides technological services to other countries, feels the changes brought by the war to the technological landscape. Speaking to the Observer via video link, Nuno Melo, co-founder of Boost IT and CEO of Nexus Capital, explains that as companies look for new locations for tech projects, Portugal has been one of the alternative markets to avoid the closest conflicts.

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Economy

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

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Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Sanctions and supply chain issues have created a parallel market in China, where these chips are sold for 500 times the market value.

Chinese customs officials caught a woman trying to smuggle semiconductors inside a prosthetic belly while pretending to be pregnant. This arrest sheds light on the reality of smuggling that has emerged in the world’s second-largest economy following the sanctions imposed by the United States of America.

According to bloomberg, a woman was caught by the authorities while trying to enter Zhuhai via Macau on November 25. According to customs authorities, the suspect had more than 202 processors and nine smartphones.

The woman came to the attention of the authorities when she was asked what month she was pregnant. “She said she was five or six months pregnant but she had a big belly that looked like she was in her third trimester,” Chinese officials explained.

The economic crisis caused by covid-19 and all the problems that have arisen in the supply chain have opened the door to the emergence of a black market in semiconductors in a country that needs these advanced chips to produce millions of products.

The situation has worsened recently as the Joe Biden administration tightened sanctions on China, focusing on developing advanced technologies, especially for military use.

According to the North American economic publication, the situation is so serious that the prices of these devices reach values ​​up to 500 times their market price, which creates ideal conditions for creating an entire parallel market with telecom operators and resellers.

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Economy

Reduced provider discount in December due to falling fuel prices

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Reduced provider discount in December due to falling fuel prices

The Ministry of Finance reported that in December there is a decrease in the ISP discount by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline, taking into account falling prices.

The guardianship statement states that, as announced, “the mechanism applied in the ISP is equivalent to reducing the VAT rate from 23% to 13%, and the compensation mechanism through the ISP reduces additional VAT income as a result of the changes. in fuel prices remain in effect.

Thus, taking into account the evolution of diesel and gasoline prices, “these temporary measures result in a reduction in the ISP rebate of 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. a discount of 17.1 cents per liter for diesel ISP and 15.4 cents per liter for gasoline ISP,” the same note reads.

On the other hand, “the carbon tax update will be suspended until the end of the year,” and “taking into account all the measures in place, the reduction in the tax burden is 27.3 cents per liter of diesel fuel and 24.7 cents per liter of gasoline. “.

The government’s rebate mechanism assumes that a decrease in the price of fuel results in an increase in the Tax on Petroleum Products (NPT) due to a drop in VAT revenues.

“Measures to mitigate the increase in fuel prices remain in place in the month of December, while the government continues to support all consumers by reducing fuel taxes,” the ministry reminded.

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The ISP’s rebate, equivalent to a 13 percent VAT rate cut, was due to run until September 4 but was later extended through the end of the year as part of the government’s family relief package due to price hikes.

Average fuel prices have returned this week to below pre-war levels in Ukraine on Feb. 24, with a 5.1% drop for petrol and 4.1% for diesel calculated by ERSE.

According to the “Weekly Report on the Surveillance of Selling Prices for the Public” published on Monday evening by the Entidade Regladora dos Serviços Energéticos (ERSE), “For the week of 28 to 4 December, the effective pre-tax price is 0.860 euro/l. [euros por litro] for straight petrol 95 and 1067 euro/l for direct diesel”, which after tax is 1660 euro/l and 1685 euro/l for straight petrol 95 and straight diesel, respectively.

These figures are comparable to average prices of 1,816 euros/l for 95 straight-through gasoline and 1,660 euros/l for direct diesel filled on February 24 when the Russians invaded Ukraine, according to the Directorate General of Energy and Geology (DGEG). ).

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Economy

The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.

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The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.
Image: Lufthansa


This Friday, December 2, 2022, a moment occurred where few expected it to happen again. After repeated claims that the giant Airbus A380 is being retired for good, German airline Lufthansa has come back and decided to put it back into service two years later. As a result, one of the aircraft, registration D-AIMK, parked in Teruel (Spain), flew to Frankfurt.

According to the German company, the aircraft has been at the Spanish airport since May 2020, and since May of this year, more than 3,000 hours of work have been spent on its re-flight preparation. The same service is being performed on three other A380s that the company intends to restore to its network.


However, more work is needed before the aircraft is ready to fly with passengers again. Although additional landing gear maintenance was still required, today’s flight was to be flown at a much lower speed than usual and was performed with the landing gear down.

At the Lufthansa base in Frankfurt, the aircraft will be put on supports so that the landing gear retraction system can be tested. The aircraft will then fly to Manila in the Philippines, where Lufthansa Technik maintains a maintenance base, to undergo final repairs before release.

The Airbus A380 is scheduled to enter service in the summer of 2023 on high-demand flights from Munich. Videos were taken of the departure of the world’s largest passenger aircraft from Teruel (above and below, awaiting loading). Tracking Radarboxin turn, captured the entire flight.

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