While Marco Kasper had to end his season following just one NHL game due to a broken kneecap, the second young Austrian center is regarding to make a comeback in the world’s strongest ice hockey league. Marco Rossi was called up to the NHL by the Minnesota Wild on Sunday and might play away to the Chicago Blackhawks on Monday.
Posted Apr 6, 2023, 11:14 AMUpdated on Apr 6, 2023, 3:52 PM
There is no “wall of bankruptcies” on the horizon, according to the Banque de France. But their number is growing rapidly all the same.
According to figures from the monetary institution published on Thursday, the number of business failures rebounded by 49% in March compared to the same month of 2022. Over one year, the number of open procedures thus stands at 45,120 once morest 30,285 a year earlier. A figure still lower than that observed in 2019 before the health crisis (51,000), which marks a return to normal following a two-year hiatus during which companies were massively aided by the State to cope with the shock of the coronavirus pandemic. Covid.
Very small businesses (TPE) are not the only ones to fall. SMEs that employ more than 50 employees are also affected with a near doubling of defaults over one year. This primarily concerns the hotel and catering industry, industry, commerce and real estate activities. The Banque de France data does not include the write-offs that exploded last year.
Credit scarcity
“To the ‘zombie’ companies which had been rescued during the pandemic and which are gradually failing are added all those which are suffering from the current context”, observes Maxime Lemerle, specialist in failures at Allianz Trade, in a note published this Thursday.
Between weakening demand, high inflation and the deterioration of financing conditions, the environment has in fact become much less favorable for companies. “If the fall in energy prices brings a welcome breather, this is not enough to compensate”, comments the expert.
“Some companies have not been able to manage the downturn in the economy following a faster than expected post-Covid recovery, and find themselves with more inventory and labor than necessary and high financial costs”, explains Ludovic. Subran, chief economist of the Allianz group.
If the situation is not comparable to what happened following the 2008 financial crisis when the recession combined with a credit crisis had propelled the number of bankruptcies to record levels close to 65,000, the expert worries the consequences of the tightening of credit conditions by banks and the rise in interest rates. “This may be the catalyst for the rise in difficulties over the next few months”, he warns, recalling that interest rate hikes have a “time-delayed effect”. “If the volume of credit drops, there will mechanically be an acceleration of defaults”, abounds Charles-Henri Colombier, director of economic conditions at Rexecode.
59,000 defects
In this context, will defaults exceed their pre-pandemic level from 2023? This is now the prognosis of many experts. This is all the more so as companies are faced with the repayment of their “Covid debts”, the loans guaranteed by the State (PGE) deployed to support the productive fabric during the health crisis.
To the ‘zombie’ companies which had been rescued during the pandemic and which are gradually failing are added all those which are suffering from the current context.
Maxime Lemerle Default Expert at Allianz Trade
In addition, the Urssaf announced that the assignments for recovery would resume this year. Thus, Allianz Trade expects 59,000 defaults this year, an increase of 41%. In a study published last February, EY and AU Group announce an identical forecast if no new government measures are taken.
Even if of lesser importance, this is the first official title won by the club following the formation of the SAF
The discomfort of having been out of the semifinals of the Carioca Championship pushed Botafogo to reach an important goal for its future: winning a place in the 2024 Copa do Brasil. This goal was confirmed, this Sunday followingnoon, when it thrashed by 5 2 the Audax and took the title of the 2023 Rio Cup.
An achievement, therefore, that goes beyond being a consolation, but guarantees the presence of the club in an important competition next year. The team had already scored 2-1 in the first leg over Audax, closing the finals with two wins and an aggregate balance of 7-3 on aggregate. Even if of lesser importance, this is the first official title won by the club following the formation of the SAF and the partnership with the American John Textor.
But the team is already going to amend the week with its participation in the Copa do Brasil, going to the city of Erechim to face Ypiranga. The game, valid for the third phase, starts at 21:30 next Wednesday (12).
Inside the field, Botafogo showed attitude from the first moments of the game. The first goal came in the 12th minute when Matheus Nascimento won a ball dispute in midfield and found Gustavo Sauer forward. The number 10 risked the cross kick, the ball hit the post and was left to Lucas Fernandes, who puffed up the net.
At 18 minutes, another goal by Lucas Fernandes. Rafael received a touch from Raí and quickly crossed to the midfielder who, in turn, arrived free at the first post and hit Leandro’s left corner first. Audax scored in the 28th minute, when Romarinho took advantage of a low cross by Lucas Mota and did not waste the chance to reduce the advantage.
The hope of Caio Couto’s team, however, diminished once more in the 40th minute, when Gustavo Sauer received a launch from Marlon Freitas, dominated in the chest and hit hard with his left leg to increase the score: 3 to 1.
Despite the scenario seeming difficult for the Angra team to react to, the team returned willing to seek a reaction. With 6 minutes on the clock, Julinho received and advanced free to score the second for Audax. At 20 minutes, however, Gustavo Sauer once more had the upper hand, passed by three opponents and hit hard to score for Botafogo for the fourth time in the match. Goalkeeper Leandro was on the ball, but failed.
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The last one came out in the 32nd minute. Marçal took a corner kick and Philipe Sampaio, grazing, puts it inside the goal to stamp Botafogo’s rout.
DATASHEET
BOTAFOGO 5 X 2 AUDAX
BOTAFOGO – Lucas Perri; Rafael (Daniel Borges), Philipe Sampaio, Victor Cuesta and Hugo (Marçal); Marlon Freitas (Danilo Barbosa), Lucas Fernandes and Eduardo; Gustavo Sauer (Carlos Alberto), Luís Henrique (Victor Sá) and Tiquinho Soares. Technician: Luís Castro.
AUDAX – Leandro; Lucas Mota, Igor Amaral, Tomás Kayck and Caio Cristian (Julinho); Miticov (Jackson Caucaia), Romarinho and Vinícius Garcia; Clisman (Paulo Henrique), Emerson Urso and Pablo Thomaz (Raphael Lopes). Technician: Caio Couto.
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GOALS – Lucas Fernandes, at 12 and 18 minutes, Romarinho, at 29 minutes, and Gustavo Sauer, at 41 minutes of the first half. Julinho, at seven, Gustavo Sauer, at 24 and Philipe Sampaio, at 32 minutes of the second half.
REFEREE – Alexandre Vargas Tavares de Jesus.
YELLOW CARDS – Philipe Sampaio (Botafogo). Miticov (Audax).
INCOME AND AUDIENCE – Not available.
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PLACE – Raulino de Oliveira Stadium, in Volta Redonda.
Estadão Content
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Brazil has been facing a new wave of taxation on products imported from popular Chinese stores, such as AliExpress, Shein and Shopee. Many consumers have been surprised by exorbitant fees for importing products.
Due to this situation, some Chinese stores that sell imported hardware have decided to suspend sales to Brazil as a precaution.
Will it be the end of product imports?
The Brazilian government intends to tax all imported products, regardless of the amount paid, with the aim of raising around 7 to 8 billion reais a year in taxes. According to Finance Minister Fernando Haddad, this initiative seeks to protect Brazilian companies that pay taxes and face unfair competition from foreign companies that sell products without paying taxes in Brazil.
The current law provides that imports made by individuals are taxed at 60% of the value of the shipment, with exemption from import tax for products worth up to US$ 50, provided that the sender and recipient are individuals. The inspection of the collection of these taxes is the responsibility of the Federal Revenue Service and is carried out by sampling.
Deliveries will be delayed even more
With the new taxation, it is likely that there will be an increase in customs inspection and control, which may result in delays in the delivery of products. This change can generate queues at customs inspection never seen before, especially during dates such as Black Friday and Singles Day (11/11).
Some stores are already adapting to the new reality, looking for ways to avoid excessive taxation. However, there are still cases where consumers face very high rates, such as a Redmi Note 12 smartphone that we are receiving for testing, where the tax rate exceeded 100% of the amount charged.
Cases of products being barred from entering Brazil
Reader Edilson Cardoso reported that he bought a Xiaomi Poco X5 smartphone on Aliexpress, but had the product barred and prevented from entering Brazil. According to him, this was the first time that this has happened and he fears that it will become more and more common. This situation highlights the import problems in the country and how government policies can directly impact international trade.
Did you experience this problem? Send the report to [email protected]let’s complement the matter.
Opinion
There are two main reasons why the government decided to tax all imports. The first, as already mentioned, aims to increase fundraising for public coffers. The second reason is to protect national companies that pay due import taxes. However, this second point is open to debate. After all, domestic companies pay taxes when importing products they sell, and many of them, who complain regarding Chinese stores, resell products under their own brand or manufacture abroad and pay import taxes. In this way, they contribute to the generation of jobs and taxes, helping the country.
However, instead of companies looking for forms of tax exemption or reduction of the tax burden to promote healthier competition – considering that many consumers would not import products with similar prices, taking into account the waiting time and guarantee -, the option chosen went to tax everyone. This decision ends up directly affecting the final consumer, who will bear the additional costs. Furthermore, it is unlikely that the government would forego tax revenue.