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AllClear research reveals Brits making financial cutbacks to make holidays affordable

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LONDON, Aug. 30, 2024 /PRNewswire/ — More than three in four adults (78%) say they are making financial cutbacks to have a more affordable holiday abroad.

AllClear Travel Insurance asked a nationally representative sample of 2,106 adults which aspects of an overseas holiday they would look to make savings on in order to contain the overall cost of a holiday abroad.

The top areas of spending cutbacks comprised of:

  • Packing less / only taking travel essentials on holiday (39%)
  • Picking a cheaper airline (39%)
  • Using public transport at the resort / destination (not using taxis) (32%)
  • Opting for self-catering rather than half board (30%).
  • Looking for a cheaper resort (23%)

Around three in 10 people said they also planned to make cutbacks on the cost of their travel insurance policy this summer. Nationally, 20% of survey respondents said they would go for the cheapest possible insurance cover – and almost one in 10 (9%) said they would travel abroad with no travel insurance at all.

This strong focus on spending less on travel cover and shopping around on headline price is also prevalent among more vulnerable holidaymakers – the very people who need good cover abroad. AllClear’s latest data reveals that this year around one in four UK adults (25%) flying off on holiday have a pre-existing medical condition – and 35% of these people say they will look for ways cut corners to secure a cheaper headline rate with their travel policy.

Of those people with medical conditions that would look to secure a cheaper travel insurance policy, many would withhold information to secure a cheaper premium: 43% would under-estimate the value of the belongings they will take on holiday and 31% said they would not declare all the details of their pre-existing medical conditions – a move which could well invalidate a claim.

Garry Nelson, Head of Corporate Affairs at AllClear Travel Insurance comments: “We can see why people are adopting savvy budgeting strategies to save money on the cost of a holiday. Saving money on flights and connections, going self-catering or looking for a cheaper resort – all these things make sense. When it comes to insurance cover though, people need to be clear on which product best meets their needs. For example,  younger travellers going on a simple break may find a budget policy to be absolutely fine, but for older people – and especially those with medical conditions – the first priority needs to be getting the right cover with the most appropriate medical cover.”

Discover more about AllClear at: www.allcleartravel.co.uk 

View original content:https://www.prnewswire.co.uk/news-releases/allclear-research-reveals-brits-making-financial-cutbacks-to-make-holidays-affordable-302232828.html

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SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition

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SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.

SmartBubble: Concentration of Technology and Design

Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.

SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.

SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition

SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.

SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.

SeaBubbles: Vision for the Future

SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.

“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”

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AxiCom for SeaBubbles, [email protected] 

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BingX Lists AgentLayer on Launchpool, Unlocking New Staking Opportunities

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VILNIUS, Lithuania, Sept. 13, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is thrilled to announce the launch of a new digital asset, AgentLayer ($AGENT), on its Launchpool. As a decentralized network for autonomous AI agents, AgentLayer is designed to coordinate and collaborate with human oversight in a permissionless environment. At the heart of this innovation is $AGENT, a new AI currency that powers the Agent Economy on the Base blockchain, enabling the minting, deployment, and swapping of AI assets on-chain. This limited-time staking event will take place from September 13 to September 18, giving BingX users the chance to earn AGENT tokens while discovering the potential of this innovative AI-powered project.

Vivien Lin, Chief Product Officer at BingX and Head of BingX Labs, shared her enthusiasm about the listing of AgentLayer on the Launchpool, highlighting the project’s potential to revolutionize AI-driven technologies. “We believe that AgentLayer represents a significant step forward in how AI agents can collaborate autonomously across industries. This token listing should make it easier for users to engage with this exciting new frontier of decentralized AI, unlocking incredible opportunities for growth and innovation.”

BingX Launchpool is built to provide a seamless and rewarding staking experience for its users. They can deposit or withdraw their staked assets at any time during the event period. Rewards are generated hourly based on random snapshots and automatically credited to participants’ accounts. Once the event ends, the staked assets will be automatically returned to BingX users, ensuring a smooth and risk-free experience.

In this round, participants can stake USDT or BTC, with a total reward pool of 6.5 million AGENT tokens. This Launchpool has a deposit limit, allowing BingX users to stake up to 20,000 USDT in the USDT pool and up to 0.35 BTC in the BTC pool. BingX users can further maximize their rewards by participating in a later staking activity involving AGENT.

The introduction of AgentLayer on BingX Launchpool is part of the exchange’s ongoing commitment to providing users with access to cutting-edge blockchain projects and fostering innovation within the cryptocurrency space. With flexible staking options, automated rewards, and risk-free asset management, BingX continues to enhance user engagement and bring meaningful opportunities to its global community.

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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Cision View original content:https://www.prnewswire.co.uk/news-releases/bingx-lists-agentlayer-on-launchpool-unlocking-new-staking-opportunities-302247667.html

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ATFX Connect Launches NDFs

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LONDON, Sept. 13, 2024 /PRNewswire/ — ATFX Connect, the trading name of AT Global Markets (UK) Limited (“ATFX”), announces the addition of Non-Deliverable Forwards (“NDFs”) to its product portfolio.

This additional offering will provide the company’s global client base with access to pricing and currency markets in Asia and LATAM.

This significant addition means that ATFX Connect, the institutional arm of AT Global Markets (UK) Limited, can provide its global customer base with enhanced liquidity and transparency across a wider range of products. This reflects increasing demand from its clients for electronic trading capabilities in NDFs, and the ability to automate and offer streaming prices, thus allowing clients to participate more effectively in this space.

Wei Qiang Zhang, the Managing Director of ATFX Connect, shared his excitement about the new addition: “This is a testament to the firm’s unwavering commitment to our global client base. By offering electronic pricing and access to NDFs, we are meeting the evolving needs of our clients. Our focus on automation and real-time streaming prices means greater liquidity and transparency and reflects our dedication to innovation and excellence in serving our institutional clients.”

The electronification of NDFs has become key in the institutional market as demand from the Buy side has transitioned away from voice execution, and market participants now seek a more automated approach, allowing for greater liquidity and transparency when trading. This launch shows ATFX Connect’s commitment to offer clients more dynamic and systematic solutions and reflects its strong partnerships with the LPs, who continue to support ATFX globally.

Get in touch with the ATFX Connect sales team to find out more at www.atfxconnect.com

About ATFX Connect

ATFX Connect is a trading name of AT Global Markets (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. ATFX Connect’s bespoke liquidity offerings are available to institutions, hedge funds, broker-to-broker, family offices, asset managers, and High-Net-Worth Individuals.

ATFX Connect supports institutional clients by providing them with direct market access to liquidity from T1 banks and non-bank providers in Spot FX, Precious Metals, CFDs, and NDFs. In addition, the flexible infrastructure enables ATFX to manage aggregation and pricing and allows integration with any third-party platform.

AT Global Markets (UK) Limited is part of the ATFX Group.

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View original content:https://www.prnewswire.co.uk/news-releases/atfx-connect-launches-ndfs-302247641.html

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