With its new trimaran, Banque Populaire promotes the know-how of southern Brittany

Breton technology is on the rise. With the launch of a new Ultimate class trimaran on Tuesday April 27, an entire entrepreneurial and technological ecosystem shines in the wake of the charterer Banque Populaire, a major player in sailing for 32 years.

A boat for the win

« We are not only a sponsor but also a shipowner, underlines Bertrand Magnin, director of development of the bank. This is important to us, we have one of the largest records in ocean racing and want to remain as efficient as possible. “. Banque Populaire spends an average of seven million euros each year on the construction of racing boats, sponsorship, communication, etc.

→ ANALYSIS. When sailing, large multihulls look for air

With the Maxi Banque Populaire XI, in the process of receiving its last bolt tightening before being launched, the group wants to give itself the means to occupy the top of the sports rankings, with a first avowed objective, to win the Route du Rhum 2023 with Armel Le Cleac’h at the helm.

CDK Technologies, a player that has become essential

The construction of the boat, which took place over two years, mobilized nearly 150 companies around Lorient. The first of these is CDK Technologies, a composite specialist, born in Port-la-Forêt thirty-five years ago. In the mid-2000s, it joined forces with Banque Populaire for the construction of the Maxi V: in Lorient, a new building was built, the setting for the largest oceanographic racing trimaran, sold since 2013 to another sponsor.

“I define ourselves as” industrial craftsmen “, explains Yann Dollo, Deputy Managing Director of CDK Technologies. We have invested three million euros to develop the Maxi XI, in particular in a new autoclave oven. These investments are necessary to offer ever more efficient solutions “. CDK Technologies supplies the floats as well as the foils, twice the size of those of the Maxi IX.

Embedded computing

Because these boats have more and more ability to fly over water, these foils are equipped with pressure and position sensors, etc. ” There are twice as many sensors today than ten years ago », States Tanguy Brodu, manager of BT Marine. Founded in 2009, his company has only one other partner, and deals with on-board electronics and computing. Thanks to the information received and by means of hydraulic systems, the skipper can, from the cockpit, modify the position of the foils and rudders and, thus, the trim of the boat.

→ PORTRAIT. Guillaume Verdier, all terrain naval architect

32 meters long and 23 meters wide, the sixteen-ton trimaran will be able to sail at up to fifty knots while remaining in contact with the water only over an area of ​​five square meters. BT Marine, who spent 500 hours working on the Maxi XI, has acquired such skills that he offers them to Banque Populaire, as well as to other teams.

Hunt in a pack

The leverage effect activated by Banque Populaire, a long-term commitment to sailing, maintains the spirit of emulation that reigns in southern Brittany. ” The Americans are a little surprised to see that in a radius of fifty kilometers around Lorient, we find more than 90% of the elements necessary for an offshore racing boat., continues Yann Dollo. It is unique in the world. One of our customers, an American, came to see us one for an Imoca class monohull. It is the assurance of saving time ».

In Brittany, ocean racing represents around 90 million euros in annual turnover and employs around a thousand people. Some companies promote their know-how to foreign customers to smooth their activity over the year, but solidarity remains in order.

→ PODCAST. Isabelle Autissier: “When sailing, superstition is never far away”

« The whole Breton economy has been put into battle order, and our competitors are just as many partners, summarizes Yann Dollo. We are working in a consortium to supply masts to Chantiers de l’Atlantique, which we prefer rather than having them manufactured elsewhere. Not to mention that this contributes to the solutions we will provide for mobility on water and the response to the climate challenge. ».

On the Lorient side, we are proud of a technological know-how that makes Brittany essential for all lovers of the open sea.

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By Biden and scam in Turkey, all cryptocurrencies go down

The main cryptocurrency accentuates the skid that began on Thursday, when it lost $ 5,000 in just hours. What can happen

Bitcoin (BTC) continues to fall and is approaching $ 49,000, its lowest price since the beginning of March, continuing the skid that started yesterday, when it lost $ 5,000 in just hours. The price of all crypto falls dragged by the scam case in Turkey and Joe Biden’s plan.

Total, the world’s leading cryptocurrency fell about 10% in the last 24 hours and more than 20% during the last week, so it is going through its second week in a row in decline for the first time since the beginning of this year, although with a greater loss in its price.

The BTC crash affected the rest of the cryptocurrency market that reversed the gains of the last week and affected assets such as Etherum, Binance Coin and XRP, among others.

Change of trend

The change in trend from bullish to bearish for the crypto market, at least in the short term, could be pushed by the news of the last hours of the closing of the Thodex exchange, which has almost 400 thousand customers in Turkey and which closed its service suddenly.

Although the firm issued a statement explaining that it would remain closed for five business days, The scandal erupted after its CEO, Faruk Fatih Ozer, fled the country with some US $ 2 billion and thousands of debts with his investors.

Just a week ago, Bitcoin had reached a record price, surpassing $ 63,700, representing a 114% increase since the beginning of the year, on the eve of Coinbase’s IPO, one of the largest. cryptocurrency platforms.

Until October 2020, the price of Bitcoin oscillated around US $ 15,000 and had never exceeded US $ 20,000.

The demand of traditional investors for Bitcoin as well as the adoption of large banks and funds such as JP Morgan, Morgan Stanley, Goldman Sachs and BlackRock, which announced in recent days that they will offer their clients the possibility of buying specialized cryptocurrency funds from their clients. , is making the market grow exponentially.

After exceeding US $ 20,000 in December of last year, in January it broke the barrier of US $ 40,000, a month later it exceeded the US $ 50,000 mark and, in March, the US mark. $ s 60,000 so it was not ruled out that it could resume the upward path.

The BTC crash affected the rest of the cryptocurrency market that reversed the gains of the last week

The reasons for the fall

The resounding decline in Bitcoin was not only linked to economic issues but also to an electricity problem in China.

This weekend saw a nearly 50% drop in the total hashrate of the bitcoin network. This is the total computational power that sustains network security, and the lower it is, the more potential for cyberattacks.

The fall in computing power originated after they were reported three accidents in China’s coal mines, which generate the electricity used by miners in China (the country where the largest number of mining pools in the world are concentrated) and a fall in the electricity grid for safety inspections, shut down a large part of the bitcoin mining farms .

On the other hand, a rumor spread of a possible general action by the United States Department of the Treasury against financial institutions that offered services related to cryptocurrencies.

In addition, it adds to the fact that Turkey banned cryptocurrencies last week, which gave them the first hit after several days of bullish streak.

The demand of traditional investors for Bitcoin as well as the adoption of large banks and funds such as JP Morgan, Morgan Stanley, Goldman Sachs and Blackrock, which announced in recent days that they will offer their clients the possibility of buying specialized funds in cryptocurrencies to your customers, you are growing the market exponentially.

After exceeding US $ 20,000 in December of last year, in January it broke the barrier of US $ 40,000, a month later it surpassed the US $ 50,000 mark and, in March, that of u $ s60,000 so it was not ruled out that it could resume the upward path despite the decline this weekend.

Don’t know anything about BITCOIN ?: we tell you how to invest

Like cash, the value of a currency can fluctuate. This is why some investors are raving about Bitcoin and other types of cryptocurrencies. Investors speculate that the value of Bitcoin coins may increase significantly if there is a surge in the market.

You don’t need a lot to invest in Bitcoin! You only need your:

  • Personal identification document
  • Bank account information
  • A secure connection to Internet

How to invest in Bitcoin in 4 steps

Here’s how to invest in Bitcoin, in four easy steps:

Join a Bitcoin exchange or exchange

First, you must determine where you want to make a purchase of Bitcoin. Most Bitcoin investors use cryptocurrency exchanges (“exchanges”). It is a necessary step to invest in Bitcoin.

There is no official “Bitcoin” company because it is an open source technology, but there are several different exchanges that facilitate transactions and thus invest in Bitcoin.

These exchanges are the intermediaries for investing in cryptocurrencies, like a stock exchange, and are used to invest in Bitcoin. If you decide to buy on an exchange, you will have to decide where you want to buy to invest in Bitcoin. For example, Coinbase is a very popular crypto exchange that claims no losses in the event of a security breach or fraudulent transfers.

Get a Bitcoin wallet

Bitcoin is based on the technology of the blockchain or blockchain.

Bitcoin is based on the technology of the blockchain or blockchain.

When you buy a currency to invest in Bitcoin, is stored in a “wallet”, which is where all your cryptocurrencies are stored. There are two types of wallets that you can get to invest in Bitcoin: a “hot wallet” or a “cold wallet”.

  • A hot wallet it is a wallet operated by your exchange of cryptocurrencies or by a provider, necessary to invest in Bitcoin. Some exchanges for investing in Bitcoin will automatically provide you with a hot wallet when you open your account. In any case, hot wallets, like the Argentine Satoshi Tango, are convenient because you can access your coins through the Internet or a software program, and thus invest in Bitcoin.

However, hot wallets are not the safest form of coin storage and to invest in Bitcoin. If the provider is hacked, your currency information may be at risk. A piece of information to take into account when investing in Bitcoin.

  • A cold wallet It is the safest storage method for your coins and for investing in Bitcoin. A cold wallet is a real piece of hardware that stores your coins, usually a portable device that is similar to a flash drive. Most cold wallets cost between $ 60 and $ 100. They are recommended for investing in Bitcoin.

If you are only going to buy small amounts of coins, then you might be fine using a hot wallet with a secured crypto exchange and to invest in Bitcoin. But if you are going to trade large amounts of coins to invest in Bitcoin, then a cold wallet would be worth your investment.

Connect your wallet to a bank account to invest in Bitcoin

When you have obtained your wallet, you must link it to your bank account to invest in Bitcoin. This allows you to buy coins and sell coins. Alternatively, your bank account can be linked to your cryptocurrency exchange account and thus invest in Bitcoin.

Make your request to reverse Bitcoin

Now you are ready to buy and invest in Bitcoin. You cryptocurrency exchange will have everything you need to buy. The big question is: how much bitcoin should you buy?

Some coins cost thousands of dollars, but exchanges often allow you to buy fractions of a single coin. So your initial investment could be as low as 100 pesos and thus invest in Bitcoin.

Investing in Bitcoin is very risky and it is important that carefully determine your risk tolerance and review your investment strategy before buying any bitcoin. We will go over this below.

Manage your Bitcoin investments

Once you have bought Bitcoin, you can:

  • Use your coins to perform online transactions.
  • Keep your coins for a long period in the hope that it will appreciate.
  • Performing daily transactions with your coins, that is, buying and selling coins with other bitcoin owners, which can be facilitated in the cryptocurrency exchange.

Your cryptocurrency exchange will provide you with everything you need to buy and sell coins and thus invest in Bitcoin.

Know the value of the dollar in Dollar Today and followed the price and behavior minute by minute. CLICK HERE

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BBVA reduces its workforce in Spain, which will be less than that of Garanti, its subsidiary in Turkey

BBVA’s unit in Spain is being diluted by leaps and bounds compared to other markets in which the group chaired by Carlos Torres is present. And not only in terms of the contribution to attributable profit, led for years by Mexico, despite the fact that former president Francisco González (FG) abhorred the purchase of Bancomer.

The group chaired by Carlos Torres has exceeded all forecasts and has proposed the dismissal of 3,800 employees in Spain, especially in the network that would be cut by about 530 offices. This joint screening adds to the constant trickle during the last years of bank exits through incentive retirements or early retirements.

If this massive dismissal is agreed in the figures raised, the BBVA workforce in Spain would be even below the size of Garanti, its subsidiary in Turkey, which at the end of last year stood at around 22,000 workers who had already been exceeded in 2019.

This BBVA staff and branch adjustment coincides in the same week as that proposed by CaixaBank, but with a clear difference between the two cases. The group chaired by Carlos Torres is not immersed in any merger process in the Spanish market, after the failure of its negotiations with Banco Sabadell at the end of 2020.

The union representatives, who had already warned days before during the annual shareholders’ meeting, have rejected the claims of the leadership chaired by Carlos Torres and have advanced possible mobilizations, a measure that has not been considered so far in the case of the ERE of CaixaBank.

Mexico, stable

Unlike the decreasing evolution of the workforce and the branch network in Spain, the subsidiary in Mexico shows a very stable evolution in recent years, according to BBVA’s own data at the end of last year.

The number of Bancomer employees rose to 36,853 at the end of 2020, somewhat below the number registered in 2019 (37,805) but above the workforce that BBVA had in its main business area in 2018.

The pending question is whether there is more room for further adjustments in the Spanish banking sector, almost jibarizado during the last decade. The president of the bank employers’ association, José María Roldán, defends that the trend is towards “a rationalization of structures”, due to the growth of digital channels, as stated after the annual meeting of the Spanish Banking Association (AEB).

This argument is the one used by the majority of those responsible for Spanish banking, with the sole exception of Bankinter. Its financial director, Jacobo Díaz, has avoided getting into controversy and has ensured that his entity does not plan any workforce cuts, since they maintain the commitment to stability with their workers.

Union representatives, at good hours, are now beginning to regret how they have contributed, under pressure or voluntarily, to the new wave of adjustments after having referred most of the customers to alternative channels instead of personal attention in the branches .

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Britcoin: Britain is developing its own cryptocurrency

Photo: punchng.com

Britain is discussing the creation of the possibility of creating britcoin

A working group of the Treasury and the Bank of England has already begun work on a potential central bank digital currency.

UK Treasury Secretary Rishi Sunak said the Bank of England will consider the issue of “Britishcoin” or a central bank-backed digital currency. Reported by the agency Reuters.

“We are launching a new Treasury / Bank of England working group to coordinate research work on a potential central bank digital currency (CBDC),” Sunak said at a financial industry conference.

Soon after, Sunak tweeted the single word “Britcoin” in response to Treasury’s announcement of the creation of a working group.

The Bank of England-backed digital version of the pound would potentially allow businesses and consumers to hold accounts directly with the bank and bypass others when making payments, changing the role of creditors in the financial system.

By the way, the day before, the rate of the most popular cryptocurrency, bitcoin, fell by 11%.

Since the beginning of 2021, the value of bitcoin has grown by 90% thanks to the increased demand for it from institutional investors, as well as companies considering cryptocurrency as a hedge against inflationary risks.

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Erdogan’s moves offer little reward | Opinion

Turkey has resisted the temptation to cut borrowing costs, for now. The new head of the central bank, Sahap Kavcioglu, on Thursday kept the main rate at 19%, while hinting at a possible relaxation.

Tayyip Erdogan’s apparent goal of easing monetary policy falters. In March, he abruptly replaced the governor, Naci Agbal, who had raised rates that month by 200 basis points, the third dismissal from the post in two years. Kavcioglu seemed more inclined to please him, having argued that high rates can cause, rather than slow down, inflation.

So far, you have avoided any rough action. But you are setting the stage for relaxation. He spoke of keeping rates above inflation. Since the annual exceeded 16% in March, you can raise them up to 300 points. Meanwhile, the promise of March to maintain a tight monetary policy “for an extended period” disappeared.

But Turkey is worse than before. The lira has lost more than a tenth of its value against the dollar since the appointment. And, having spent more than $ 100 billion in 2020 to shore it up, the bank only has $ 10 billion in net foreign exchange reserves, the lowest level since 2003, giving it little ability to fight a sell-off. Also, the Turks are avoiding it in warehouses.

That means inflation can continue to rise. The growing current account deficit, of 2.6 billion dollars in February, is another cause for concern, especially since the restrictions mean that tourism will suffer again this year, which will hurt exports. Kavcioglu is unlikely to be able to slash rates without risking rising inflation, or even a currency crisis.

Your biggest problem is a lack of credibility. Société Générale estimates that another $ 5.9 billion of capital will leave Turkish assets in the short term. The central bank’s twists and turns make a rate cut even more risky.

The authors are columnists for Reuters Breakingviews. Opinions are yours. The translation, of Carlos Gomez Down, it is the responsibility of Five days

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Boom of cash in circulation – Economy

(ANSA) – ROME, APRIL 03 – The amount of cash in circulation is increasing more and more and “with the pandemic it boomed” so “we do not believe that the contane is destined to disappear”, despite the fact that it is expected to end by ” over 50 years “. This is what Deutsche Bank claims in a research on payments of the future and entitled: ‘The dinosaur is not dead’. Last week, the European Central Bank announced that the circulation of euro banknotes has grown by 12% in the past year, recording “the highest growth rate in a decade and more than double the growth rate of 2019” , underlines the German Bank, explaining that this record increase is partly attributable to “the extraordinary budget measures” launched by governments to support the economy and which have led to “higher savings rates”. Among consumers, cash remains “the King”, in fact it is considered a “store of value” and a “safe haven”, explains Deutsche Bank. According to a survey conducted by the bank itself of 3,600 people in the United Kingdom, the United States, China, Germany, France and Italy, for one third of Americans and Europeans, cash is “the preferred method of payment”. (HANDLE).

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