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

United States: a colossus with feet of clay

The prospect of a recession is moving away across the Atlantic. But the economy only survives thanks to consumers. Donald Trump has been repeating for over a year and a half that China has more to lose than the United States in a trade war. For the moment, the facts prove him right. The IMF predicts that Chinese growth will fall to 6.1% in 2019 and 5.9% in 2020. Unheard of for several decades. Conversely, the American economy has shown remarkable resilience: the OECD predicts 2.3% growth this year and 2% next year.
Donald Trump has been repeating for over a year and a half that China has more to lose than the United States in a trade war

The prospect of a recession across the Atlantic is fading, while the country is already experiencing the longest upward cycle in its history: 125 months.

The country of Uncle Sam nevertheless has the appearance of a colossus with feet of clay. Customs taxes on 500 billion dollars of Chinese imports disrupt the production chain of its companies and weigh on their margins. The manufacturing sector is the most affected: at 48.3 points in October, the ISM index reflected a contraction in activity for the third month in a row.

Industrial production also fell 1.1% (year on year) that month. The ISM for services has also dropped since the start of the year, but remained at 54.7 points in October.

The private sector certainly seems to be stabilizing. But Christian Parisot and Jean-Louis Mourier, economists at Aurel BGC, do not anticipate a sharp rebound in business investment. 

This engine is moribund because of the uncertainties linked to the Sino-American conflict, among others: it only represented 27.8% of GDP in mid-2019, against 28.7% at the end of 2017. It is a low since 2012.

For its part, foreign trade contributes negatively to the country's growth. Fortunately, public spending supported the GDP growth of 1.9% (annualized) in the third quarter, by 0.4 percentage points.

However, Aurel BGC economists do not expect it to progress significantly, given the 4.6% public deficit recorded over the fiscal year (ended in September).

The American economy today thus rests almost exclusively on the shoulders of consumers. Retail sales pleasantly surprised, advancing 0.3% (over a month) in October.

The real estate market is doing well: 1.31 million housing starts took place last month and 1.46 million building permits were granted. This historically high level is supported by the supply of cheap credit favored by the three key rate cuts made by the Federal Reserve since July.

The low unemployment rate (3.6% in October), the rise in average hourly wages (+ 3% in October over a year) and Wall Street records also offer an environment conducive to consumption.

In fact, Oddo BHF economists Bruno Cavalier and Fabien Bossy point out that the indicators measuring household confidence (Michigan indexes, the Conference Board index, etc.) remain at a level above their 15-year average.

However, this dependence on consumer morale is problematic: new concerns (politics, employment, etc.) risk slowing spending. Yet they account for more than two-thirds of Uncle Sam's GDP.