Sundial of world news

Two kilometers of strip rolling, a sorting system, a ballistic screen to separate waste according to their density … The plant at Rainbow Couëron, near Nantes, is now "the sorting of the waste more automated built by Veolia in the world, "said Antoine Frerot, its Director General, inaugurating new facilities Friday.

Veolia has invested 18 million euros (1.2 million financed by ADEME, the Agency for Environment and Energy Management) on the site, which digests most of the waste of Nantes Métropole Its 24 municipalities and 580,000 inhabitants. Two channels were fully renovated in two years to get to the "generation 2" Rainbow Factory, entrusted to Veolia in public service delegation, from 1994 to 2019.

Soon, the sort will be chemical and biological

The sorting of selective collection, one of the biggest in France, isolates now eight categories of recyclables, including three varieties of plastic, cardboard or steel. Its capacity increased to 10 tonnes per hour has doubled compared to the old equipment.

Another chain, which sorts the industrial waste, it is equipped with a mill opening to separate the different materials that make up the discarded objects. It will deal in 2011 twice as scrap to create the site and the appreciation of 50% in tonnage handled, against 25% previously bad credit personal loan lenders.

Nantes Metropole is the largest customer of Arc en Ciel, which provides 60% of urban waste entering the plant.Despite the investments made since 1994 on the site, more than 45 million, the amount of waste has increased by only about 20% in 2011 to 254,000 tonnes. Progress is measured primarily upon withdrawal, "says Alexander Mallinson, regional director of Veolia Environmental Services. In fact, the production of reusable materials jumped: In 2011, the site Rainbow produce 23,000 tons of recycled paper and cardboard, 4000 tons of metal, 7,000 tons of wood …

Arc en Ciel, which also includes an incinerator and a green waste site in Saint-Herblain, achieves annual turnover of 32 million euros, less than 1% of income from the activity of Veolia in France . However, as the site of Ludres, near Nancy, it is emblematic of the innovative drive of Veolia.The world's leading utilities, which "invests heavily in research, with 850 researchers and developers, 200 partnerships, develops methods already sort of tomorrow, chemical or biological," said Antoine Frerot.

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When Hewlett-Packard (HP) Framed Mark Hurd. Shaken this summer by a sulfurous sexual harassment case, Mark Hurd has been forced to resign last August, its CEO. A month later (yesterday, Monday), it is announced as the new co-president and member of the board of directors of Oracle, the third leading publisher of software.

HP immediately filed a complaint with the California court: the recruitment of Mark Hurd by a large competitor would be "at risk" of confidential information. The agreement concluded by Mark Hurd at his departure from HP does not provide non-compete clause, but it includes a confidentiality agreement with a duration of two years.

"In his new positions, Hurd will be in a situation where it can meet its commitments to Oracle without being forced to use and disclose to other trade secrets and confidential information from HP," justified his ex- employer. Already, he has "endangered the trade secrets and confidential information from HP's most important, pousuit the complaint, which states that Hurd has touched" millions of dollars in cash, shares and stock options in exchange for agreements "between the two parties.

Mark Hurd has earned, according to estimates, about 100 million dollars (79 million euros) during the three years at the helm of Hewlett-Packard and the amount of the agreement reached at his sudden departure is August 6 estimated at 34.6 million.

HP and Oracle partnership challenged

As for Oracle, a transaction is denounced "vindictive" fast cash loans.The boss Larry Ellison, exasperated, deplores action which neglects the highest point the relationship between the two partner companies who have customers in common. For him, HP makes it "impossible to continue the cooperation between HP and Oracle in the technology market.

Oracle is both an important partner of HP and one of its major competitors, including the market for computer servers after its acquisition by Sun Microsystems for $ 5.6 billion, a transaction close in the beginning of this year.

Mark Hurd, an acclaimed master

When Mark Hurd was fired by HP, the action fell 8% to 42.49 dollars in electronic trading session out, shaken by the surprise resignation. The announcement was especially elevated to a scandal that HP had already been pushed to resign as the Mark Hurd was replaced in January 2007.Patricia Dunn had indeed been found to have used private investigators in 2005, who used false identities to obtain phone records of conversations between board members and journalists …

Conversely, when Oracle announced its appointment on Monday, the share closed up almost 6%, while analysts revealed their enthusiasm for the company include Mark Hurd.

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New critical resistance tests conducted on European banks. This time it was the turn of the Wall Street Journal cast doubt on the relevance of these tests imposed to 91 European banks. Only seven schools have been scaled to the review. An overwhelming success that has already made some observers question the relevance of these tests.

The New York daily said he agreed that the tests "have underestimated the amount of government debt securities held by certain potentially risky institutions. According to the newspaper, "banks have carved out certain obligations, or minimized the amount due to Paris they took some cons of debt," a fact that neither regulators nor most banks have proved "at the time of publication of results on July 23.

The tests were carried on the accounts of banks in March 31.But the newspaper argued, the public debt of some European countries at that time were about to lose a considerable share of their market value.

Barclays and Credit Agricole singled out

The Barclays and the French Credit Agricole are particularly singled out by the newspaper is a gap between one part of the quarterly and other financial documents and other data submitted under the "tests resistance "guaranteed personal loan approval. "Credit Agricole has not recognized the debt held by its insurance subsidiary," said the daily.These banks replied that they had strictly followed the guidelines provided by the Committee of European Banking Regulators (CT).

Different accounts of the BIS

The Wall Street Journal also quoted an economist at Royal Bank of Scotland, which found inconsistent amounts of government debt securities held by European banks such as accounts for the Bank for International Settlements (BIS) and the amounts that appear in tests.

According to the BIS, the French banks held on 31 March, 35 billion euros of debt from the Spanish government and 20 billion euros of debt from the Greek state.However, according to the tests, four banks accounting for almost 80% of sector assets (BNP Paribas, Credit Agricole, Natixis and Societe Generale) not held, respectively, only 6.6 billion and 11.6 billion euros in place and instead of 28 and 16 billion if we look at the figures given by the bank for central banks.

"Our findings undermine a key goal of stress testing, ie to reassure investors and bankers worldwide health of the European financial system," says the Wall Street Journal.

Last April, the cloud of smoke from the eruption of an Icelandic volcano, which shook the air traffic worldwide has cost about 200 million euros for French airlines. Besides the lack of profits for the cancellation of thousands of flights, they have incurred costs for test flights to measure the impact of ash on engines or empty flights to repatriate French stranded abroad.

These costs are estimated at 51 million euros. So says a letter sent by the National Federation of the commercial aviation (fname) – which includes trade unions of air transport – the Department of Ecology.This letter was sent "early August," said Jean-Pierre Le Goff, the delegate general of the fname, who came on Saturday to confirm the information Parisien / Today in France.

French companies demanding repayment of 51 million euros. Such government action "is important to recognize the exceptional mobilization of air carriers and their contributions, and is also economically important for companies still in the midst of the crisis," said the official.

For now, no reply to that letter, the next team of Jean-Louis Borloo. As Secretary of State for Transport, it was confirmed that the case "is under investigation.FNAM said, she expected to return "next week".

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It is with relief that the financial markets have greeted the unemployment figures across the Atlantic for the month of August. After long hesitation in the morning, in the wake of fences New York markets and European markets have been raking in points after 14.30. In the middle of meeting, the CAC 40 has risen by 0.76% to 3659 points. At 15 hours, the ACC is closer to 3700 points (1.89%). At the London Stock Exchange, the FTSE-100 advance from 0.52% to 5399.14 points, and the German DAX 30, the Frankfurt Stock Exchange, rose 0.44% to 6110.88 points.

Before the announcement of the major statistical, investors remained cautious to say the least. "It does not happen much on the markets, who are eagerly awaiting the unemployment figures of the United States, says it in the rooms. Is a very important day. Nobody wants to get new paris before this indicator.Investors prefer to wait and see what is the recovery. " He added: "If the numbers are bad, I think the markets will fall heavily and not only Friday, but next week."

Services: slowdown in France, rising in Germany

Despite a slight decline as unexpected new listings weekly unemployment across the Atlantic on Thursday, the Labor Department is expected to announce this afternoon an increase in unemployment to 9.6%."The GDP is not growing fast enough to create hundreds of thousands of new jobs needed each month to reduce employment at its level before the crisis," said Christina Romer Thursday, who will leave at the end of the week his position as economic advisor of President Barack Obama.

Also across the Atlantic in 16 hours, the ISM index of activity in services for the month of August and a speech from Fed chairman in Atlanta, Dennis Lockhart on current economic conditions are also scheduled .

For the euro area, growth in services in France recorded a slight decline. Whereas 59.9, the PMI stood at 60.4 against 61.1 in July. In contrast, in Germany, he cons 57.2 56.5 in July. Although below expectations (58.5), it evolves to its highest level since August 2007.

Retail sales in the sixteen countries that have adopted the single currency rose 0.1% from June and 1.1% over one year. Economists polled by Reuters had forecast an average increase of 0.2% a month to month and 0.6% a year.

The meeting was much calmer on the microeconomic front, in the absence of publications, the wave of results for this quarter coming to an end the Paris Bourse.

GDF Suez Stock doped by a partnership

The Director General of the operator, France Telecom, Stéphane Richard, told Reuters on Thursday on the sidelines of the MEDEF Summer University he was confident in the outcome of discussions with Canal + on the fusion of strings Orange Cinema Series TV and TPS Star. It will also try to convince the government not to raise VAT on offers "triple play".France Telecom gained 0.25% on the stock market to 16.18 euros.

GDF Suez (2.09% to 26.75 euros) has signed a partnership with the Brazilian Eletrobras to develop transportation projects and energy production in Central and South America, and Africa.The two groups do not preclude joint ventures.

Air France-KLM (+0.27% to 10.96 euros) plans to create a structure "low cost" for medium-haul routes, especially from Orly to the province to counter the offensive of the British company at bottom EasyJet costs.

The Slovak government has decided to retire to a consortium led by Bouygues (-0.28% to 32.32 euros) a road construction project of $ 3.3 billion through a public-private partnership announced Thursday Slovak Minister of Transport, Jan Figel.

Venezuela will pay approximately $ 600 million (468 million euros) Casino (+0.20% at 66.20 euros) and other shareholders of the supermarket chain Exito nationalized in January said Thursday President Hugo Chavez.

Vinci (+1.05% at 37.14 euros) Thursday announced the acquisition by its subsidiary of Vinci Park UK Meteor Parking which achieves annual turnover of approximately 50 million pounds (60 million euros ), allowing it to become number four in the sector in the United Kingdom.

LVMH (0.81% to 97.25 euros) a court decision is expected this Friday on an appeal by eBay, convicted in 2008 for dissemination and distribution of counterfeit perfume off approved.

Pernod-Ricard still in the red

On the side of the steepest declines, we find Sanofi-Aventis, still in talks to buy the company Genzyme bio technologies. The value is 0.54% to 46.63 euros, after losing 0.53% on Thursday. Pernod-Ricard continues in the red after the publication Thursday of disappointing results.After having yielded 2.37% on Thursday, back down 1.68% to 60.22 euros on Friday.

Ipsen (+0.26% at 27.27 euros) has signed an agreement with the Swiss pharmaceutical company Santhera Pharmaceuticals. The laboratory has received a license to market the fipamezole, a drug that helps relieve the symptoms of this disease in the world, except Japan and North America.

Germany, Europe's best student for growth, also wants to be exemplary public finance issue. The government on Wednesday adopted the measures that will save 80 billion euros by 2014. It is for Berlin to meet the debt ceiling set in the marble of the constitution, or the balance of public finances in the medium term. The fiscal effort will be growing and will begin at 11 billion euros in 2011.

Already, thanks to the rebound of the German economy in the second quarter, the deficit was smaller than expected. It represented only 3.5% of gross domestic product (GDP) over the first six months of the year. Compare with the 3% limit set by Brussels, that Berlin could also comply by 2011, according to economists at Deutsche Bank.

In early summer, ads for rigor had caused an outcry in Europe.Partners in Berlin accused of wanting to be more orthodox than necessary. They feared that the rigorous German kills the European recovery. To observe the growth of 2.2% in the second quarter, driven by demand, moreover, that fear was unfounded. On the contrary, repeated Finance Minister Wolfgang Schäuble "in Germany, one of the biggest obstacles to economic growth is the increasing uncertainty of the people on deficits."

The main measures adopted by Berlin.

• Lower social benefits: 3.16 billion euros in 2011 payday loan no teletrak. The long-term unemployed will have their aid for heating and reduce their pension insurance. The parental salary will be cut down.

• Tax Funding: € 2 billion per year. Berlin has decided to levy a tax on financial transactions.This measure will be applied, however, that if Germany succeeded in convincing its European partners to implement it.

• tax on airline tickets: 1 billion euros per year. The flights from Germany will be taxed at 45 euros per ticket for the long haul and 8 euros for short trips. The new tax is debatable. The Association of German airlines BDF considered that the proposed tax would lose five million passengers per year in Germany.

• Tax ecological: 1.5 billion euros per year. Exceptions allowing companies to avoid taxes will be phased ecological.

• Cuts in Defense Budget: 4 billion euros in 2013-2014. military spending will be reduced through a probable downsizing, or even elimination of military service.

• Tax nuclear 2.5 billion euros per year. This has caused an outcry in the energy sector. The government has also not adopted on Wednesday. This new tax will be a separate text and will be discussed at the end of the month.