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Story economy with high inflation



Inflação alta trama economia

The Portuguese economy is showing signs of slowing down in a “context of high inflation”. The warning was issued by the National Institute of Statistics due to the fact that “short-term indicators (ICP) related to economic activity in terms of production available for September indicate a slowdown in activity”, after accelerating in August, resuming the slowdown profile recorded in the period from March to July, and recorded the lowest level since March 2021.”

The economic climate indicator, which summarizes the balance of extreme responses to questions about qualitative company surveys, also declined between August and October, “reinforcing the downward move that began in March and hitting a low since April 2021.”

The total volume of domestic transactions for cash withdrawals, payments for services and purchases at TTP terminals in October increased year on year by 12.9% (14.2% in the previous month).

The data follows statistics released by the Bank of Portugal this Thursday, which also show that economic activity and private consumption are slowing down. An indicator measuring economic activity recorded a 6.2% year-on-year change in September after rising 6.5% in the previous month. According to the statistics of the institution headed by Mario Centeno, private consumption rose by 2.3%, down from the 2.9% recorded in August this year.

The manufacturing producer price index showed an annual rate of change of 21.6% in October, slowing down for the third month in a row, after registering the highest increase in the current series in July (25.9%).

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Excluding the energy component, this indicator increased by 14.7% year on year (15.6% in September). The consumer goods index continued to accelerate, rising from 15.3% year-on-year in September to 15.7% in October.

The annual change in the consumer price index (CPI) was 10.1% in October 2022, the highest since May 1992, up 0.8 percentage points from the previous month.

According to the Employment Survey, the unemployment rate in Q3 2022 was 5.8%, down 0.1 p.p. higher than the previous quarter (6.1% over the same period). Total employment increased by 1.0% compared to the same period in 2021 (1.9% in Q2). Average monthly gross wages per worker (per job) increased by 4.0% in the 3rd quarter. In real terms, based on the IPC option, this remuneration decreased by 4.7%.

warning signs
Just this week, the European Central Bank (ECB) said that people on lower incomes will be hit “harder” by inflation and rising interest rates from the end of this year and even risk being unable to pay their debts.

A warning that did not surprise the economists contacted by our newspaper. João Cesar das Neves even said that “the risk is not in the future, but in the present”, ensuring that “we are already living in this reality and that it will get even worse in the near future”.

A view shared by Paulo Rosa, an economist at Banco Carregosa, points to an increase in the risk of default on the loan in 2023 as higher interest rates reduce household disposable income, penalizing those with tight budgets already weakened by high inflation. “Mortgage loans in Portugal are mostly indexed to the Euribor, a variable interest rate that increases as the ECB’s interest rate rises, increasing the cost of borrowing for the Portuguese, placing low-income families in a context of insolvency.”

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Nuno Mello, an analyst at XTB, also said that high inflation will continue during the last quarter of this year and throughout 2023. European governments should take measures to provide assistance that will ease the financial situation of these same families. The Portuguese government has already taken some measures, such as the possibility of negotiating home loans for those who reach the 35 percent rate. But I am convinced that this will not be enough and we will have to go further.”

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



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



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



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.

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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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