Project Latte: How Microsoft wants to integrate Android apps into Windows 10

Windows 10 may soon be able to run mobile apps designed for Android. Update on the technical details that allow this porting.  Microsoft is working on a software solution that would allow app developers to run their Android apps on Windows 10 with little or no code changes. How? 'Or' What ? By packaging them as an MSIX app package format and allowing developers to submit them to the Microsoft Store. The project is codenamed " Latte ," according to Windows Central, which says it will go into production next year. Microsoft had already tried to put Android applications under Windows 10 with the Astoria project, which has since aborted. The Latte project is probably powered by the Windows Subsystem for Linux (WSL). But Microsoft will need to provide its own Android subsystem for Google's OS apps to actually work. Microsoft has announced that the WSL will soon be compatible with GPU acceleration, which should improve the performance of applications runnin

How does the state guaranteed loan work?

All French banking networks will market the State Guaranteed Loan (PGE) on Wednesday, set up as an emergency to help all companies facing cash flow challenges linked to the coronavirus crisis. Here's what you need to know about how it works. From tomorrow all companies, with a few exceptions, will be able to ask their banker to take out a State Guaranteed Loan or PGE. This follows the promise of the President of the Republic, last March 16, to guarantee bank loans granted to companies up to 300 billion euros to avoid bankruptcies due to the economic crisis caused by the epidemic of the coronavirus Covid -19.

Loan for CoronaVirus

This device, which is still unprecedented in the European Union, but which other countries could also set up, allows banks to be able to grant, with maximum security, these loans to companies facing cash flow challenges.

This Tuesday, the general direction of the Treasury, Bpifrance and the French Banking Federation (FBF) detailed to the press the terms of this system of mass public guarantee, set up in a few days. Here are the main information to remember about its operation.

Who is he talking to?
This loan is for all types of business, from craftsmen to large businesses, including the liberal professions, farmers, micro entrepreneurs, and even associations and foundations. Only real estate companies, credit institutions and finance companies do not have access to it. Another exception concerns companies that do not respect payment deadlines. The latter will not be able to benefit from the State guarantee, specified the Minister of Economy and Finance Bruno Le Maire, during a previous press conference.

What is the nature of this loan and what is its amount?

The state guaranteed loan is a one year cash loan. This cash loan can cover up to three months of turnover, or a quarter of annual turnover. "This device is part of the airlift of cash that we have deployed so that the entrepreneur can have, on loan, the equivalent of three months of turnover, which he was unable to achieve", sums up Nicolas Dufourcq, the boss of Bpifrance. Companies wishing to borrow less than three months of turnover will be able to do so.

For innovative start-ups, which often have little or no turnover, another criterion is used. The loan can thus cover up to two years of payroll, excluding employer contributions. "Start-ups are not forgotten in the system," said Nicolas Dufourcq. This ceiling is also used for companies created since January 1, 2019.

How high is the state guarantee?
The loan benefits from a state guarantee of 70 to 90%, depending on the size of the company. Banks thus retain part of the associated risk, but this is minimized to encourage them to lend. In detail, companies with less than 5,000 employees and making less than 1.5 billion euros in turnover will benefit from a 90% state guarantee.

Those with more than 5,000 employees and who generate more than 1.5 billion euros in turnover will benefit from an 80% public guarantee. This percentage drops to 70% for companies with a turnover of more than 5 billion euros. The guarantee is therefore weaker for larger companies.

What are the repayment terms?
The system aims to be as accommodating as possible for businesses. No reimbursement will be required for the first year. Then, the company can decide, after the first twelve months, to repay the loan over a period of 1, 2, 3, 4 or 5 additional years. "There is no question of creating another wall for the company," said Sébastien Raspiller, at the Treasury's general management.

How much will this loan cost the business?
"The banks will not make a margin on these loans," assured Frédéric Oudéa, the president of the French Banking Federation (FBF) and managing director of Société Générale. "Currently, the cost of funding for borderless banks is close to zero," he said. The borrowing company must nevertheless pay the cost of the guarantee at the end of the first year. Two examples were cited. The total cost of the loan with the guarantee for a craftsman achieving 600,000 euros in turnover excluding tax and borrowing 150,000 euros would thus amount to around 375 euros in the first year. For a company with a turnover of 10 million euros excluding tax and borrowing 2.5 million euros, this would cost it around 6,250 euros the first year.
 

What is the procedure to follow to obtain this loan?
We can distinguish two different routes. One for small businesses, which claims to be "industrialized" and the other for larger ones, where the case-by-case rule will apply.

The smallest companies, whose turnover is less than 1.5 billion euros, are invited to contact their usual banker, remotely at first, as a precautionary measure. This prior contact with the advisor makes it possible to organize an appointment. The advisor analyzes the file and determines with the company the amount and the interest rate of the loan. After obtaining this pre-agreement from the bank, the company must go to a dedicated online platform, set up by Bpifrance. The company must then enter a certain amount of information: date of creation, Siret number, amount of turnover and financial arrangement (amount and interest rate) agreed with the bank. "Please note, once this information has been entered in the Bpifrance form, it will no longer be possible to change it," warns Nicolas Dufourcq. The company can then download its certificate and obtain a unique identification number which it must provide to its bank, which can then disburse the credit.

Large companies (more than 5,000 employees or a turnover of more than 1.5 billion euros) which present a loss of turnover due to the health crisis will also be able to turn to their bank to request this guaranteed loan. by the state. An appraisal of the file will then be carried out by the teams of the General Directorate of the Treasury with the support of Bpifrance. The file must be sent to the following address: Garantie.etat.grandesentreprises@bpifrance.fr. The State specifies that it has not established any priority sector concerning the EMPs granted to large companies.

Can a company combine several EMPs?
No, hence the creation of a unique identification number. However, a company can combine a PGE and an unsecured loan offered by Bpifrance. The Public Investment Bank recently set up unsecured loans for 3 to 5 years, from 10,000 euros to several tens of millions of euros. These loans have deferred principal repayments.

What if the bank refuses to make this loan?

If the bank refuses to grant an EMP, the company can turn to credit mediation, an organization housed within the Banque de France.

Over what period will the EMP be marketed?
This loan will be marketed tomorrow, Wednesday March 25, in all banking networks until the end of 2020.

Will the bank advisers be able to absorb all the requests?
"I invite all business leaders to be patient. We will face a considerable volume of calls during the first days and our banks, themselves, are affected by the virus as well as their employees", recognized Frédéric Oudéa, before welcoming the strong mobilization of teams on the ground. The boss of the FBF, however, said that advisers in business centers and proximity agencies had been trained in recent days. Client companies are invited to avoid, if they can, concentrate their requests in the first days of marketing.