Sundial of world news

If this is not a government program or a setting under the supervision of Italy is like. Friday, Jean-Claude Trichet and his designated successor Mario Draghi sent a joint letter to Silvio Berlusconi stating the conditions set by the ECB to the acquisition of Italian government securities on the secondary market. Conditions detailed binding, behind which one can read the label of the current governor of the Bank of Italy, future boss of the ECB. The letter should have remained secret: the Corriere della Sera reported Monday morning, after the Executive Board of the central bank in the euro area, which has long balked at the reluctance of German and Dutch governors, gave the green light to purchases of securities in Italy and Spain.

Roadmap drastic

The ECB seems to blame the previous plans of Silvio Berlusconi to be inadequate, too general, too spread out over time.As she raises her conditions. First, she asked Silvio Berlusconi to proceed by order, immediately applicable, not Bill (DDL), that Parliament is still time to approve. It then lists the reforms it expects Italy. In terms of privatization, she cites municipal corporations (public transport, roads, electricity supply, with the exception of water which will remain public).

With regard to the Labour Code in force since 1970, the ECB requires to make more flexible the procedures for dismissal and to focus on agreements in companies with sectoral agreements negotiated at the national level. This is a crucial point: Sergio Marchionne, boss of Fiat, continues to denounce the rigidity of hiring and layoffs.

By asking such requirements, the ECB ventures into unfamiliar ground.But it does not matter to the hawks in Frankfurt to fly to the rescue of Rome by putting huge sums into play if Italy does not comply with a roadmap drastically. Nicolas Sarkozy and Angela Merkel pushed in that direction. In their joint statement on Sunday night, they emphasized that the return of Italy to a balanced budget in 2013 was an important "fundamental" for markets and called for "a rapid implementation and complete" the measures announced Friday by Silvio Berlusconi.

This intervention boosted the opposition: "What we really require the ECB and the international institutions? A government powerless now totally discredited and Trust must at least say what the real situation, "said the press head of the Democratic Party, Pierluigi Bersani.As for the former European Commissioner Mario Monti, he now believes that Italy is governed by a "foreign Podesta."

ALSO READ:

"The ECB tries to curb the contagion in the euro zone

The 3700 points were in the viewfinder of investors in the Paris Stock Exchange on Wednesday. They were exceeded in the early exchanges. At the close, the CAC shows a new gain of 1.61% to 3754.60 points. Yesterday, the Paris VAIT has already managed to recover, ending on a rise of 1.21% to 3694 points.

Other major European markets advance in unison. The London Stock Exchange was also up, the stock exchanges of Madrid and Milan are the most active with gains of 3% each. In London, the FTSE-100 index gaining 1.1% to 5853.82 points in mid-session and featuring Dax index of the Frankfurt Stock Exchange advancing 0.40% to 7221.36 points.

Operators are encouraged by the good performance of U.S. markets, driven by advances in parliamentary negotiations in the United States for raising the ceiling on the debt.President Barack Obama for the first time reported "progress" in this debate, adding that the new Senate plan, presented Tuesday, was "consistent" in its approach. The Chairman stressed however that "not much time" before the deadline of August 2 to avoid a default. Wall Street was also reassured by good indicators of industrial performance and better than expected. Asian markets were also sending positive signals this morning.

Time, however, should still be prudent on the eve of a crucial European summit for the future of the euro area. The heads of state are to meet Thursday in Brussels to discuss the bailout of Greece. Several proposals for involving the private sector are on the table.

On the currency side, the euro rose slightly against the greenback at 1.4181 dollars against 1.4150 dollars late Tuesday.Oil is, him up: a barrel of "light sweet crude" for delivery in August takes 80 cents to 98.30 dollars and that of Brent North Sea crude for September delivery gained 69 cents to 117.75 dollars .

Values ​​to follow

Havas: 2.15% 3.47% to euros

The advertising group has announced the acquisition of a majority stake in the Australian Host, the first independent agency of the country, for an undisclosed sum.

Saffron: + 4.68% to 28.99 euros

Tuesday the group received the green light from Washington for the purchase of American specialist of biometrics L-1 Identity Solutions. The agreement was announced last September for $ 1.1 billion in cash.

Edenred: -5.69% to 20.37 euros

The company specializes in prepaid service said Wednesday he was informed of an investment for 8% of its capital.Nearly 18 million shares have been placed Edenred Wednesday market at a price of 20.30 euros, a total of around 367 million euros, according to a source familiar with the matter said that the placement was the act of a U cash advance now.S. institutional.According to a source market, it is South Eastern Asset Management.

Alstom: -1.35% to 37.97 euros

The group said Wednesday sales down 12% in the first quarter of fiscal year 2011-2012, to 4.5 billion euros, reflecting the "low level of orders registered during the crisis," but a sharp rebound its order intake over the same period (+44%).

Schneider Electric: + 0.71% to 105.85 euros

The group announced an extension until August 2 of its friendly takeover of two billion dollars (1.4 billion euros) on the Spanish Telvent, which it already owns to 19 July, before the closing date of the offer, 97% of the shares.

Laurent-Perrier: unchanged at 98.89 euros

The group announced Wednesday an increase of 11.5% of its turnover in the first quarter thanks to a mix effect prices soaring and exports still strong.

Accor: + 2.75% to 30.31 euros

The group was optimistic Tuesday in announcing an acceleration of organic growth in the second quarter due to increased occupancy rates and the gradual recovery of prices.

ADP: + 2.01% to 61.92 euros

The group announced a 4.6% increase in passenger traffic at its airports in June, driven by growth across all trajectories with the exception of Africa and the Middle East.

PPR: + 1.06% to 128.85 euros

Fnac, a subsidiary of luxury group, unveiled Tuesday a five-year strategic plan, called "Fnac 2015", which should enable it to boost sales after a disappointing performance.

EADS: + 3.59% to 24.79 euros

The parent company of Airbus has won a victory with the decision of American Airlines to order 260 A320s neo cons for Boeing 200 aircraft.

Biomerieux: -0.90% to 78.89 euros

The group announced the acquisition of French company Argene Molecular Biology and confirmed the objective of growth of its business year after an increase of 3.5% of its turnover in the first half of 2011.

Sanofi: + 1.30% to 55.15 euros

The Canadian Valeant Pharmaceuticals announced yesterday the signing of an agreement to buy the French laboratory marketing rights and distribution in Canada of a cream against osteoarthritis.

Manitou: + 1.45% to 21.74 euros

The group raised its forecast Tuesday for 2011 after signing up 45% of its turnover in the first half despite the continuing difficulties of supply.

Always on the side of publications, after market, Unibail-Rodamco will present its second quarter results and Ubisoft announce its first quarter 2011-2012 revenues.

The wiretapping scandal that is the empire of the waver media magnate Rupert Murdoch could seriously undermine the financial health of News Corp.. The rating agency Standard & Poor's has placed under surveillance the note of media group, currently BBB +. Investors welcomed this decision: As News Corp, which lost 4.32% yesterday even on Wall Street rebounds on Tuesday morning at the Sydney Stock Exchange, gaining 2.75% in mid-session.

Standard & Poor's is concerned about "the increased risk associated with the activities and reputation (the group) while the legal extend." The financial consequences of the scandal is already heavy for News Corp, which had to abandon his flagship project of redemption of all of the satellite channel BSkyB.And the rating agency believes that a tarnished reputation "may scare off customers or future, to lose opportunities and divert attention from the leaders." Now that reputation has been affected by "the amplification of the legal proceedings in Britain and the pressure from U.S. lawmakers for an FBI investigation," said the rating agency before turning to the resignations and the convening of several leaders for a hearing by the British Parliament on July 19.

In addition, the group management may be altered. According to Bloomberg, the Board would discuss the replacement of Rupert Murdoch as head of the group, despite the support the manager confirmed yesterday by a director, Tom Perkins.The Wall Street Journal yesterday, the CEO and founder of News Corp is considering himself to let go of the reins of his company for more than a year, giving way to Chase Carey, the current chief operating officer of group. The departure of Rupert Murdoch has also become a struggle for the collective LulzSec hackers, who hijacked last night a page of the website of Sun, directing users to a hoax article-which announced the death of the boss of News Corp.

ALSO READ:

"Scandal Plays: Brooks arrested in London

"Murdoch Cameron leads in turmoil

"The Sun's website was hacked

Today, Genevieve Lethu almost a pioneer. It's been almost ten years since the specialist tableware decided to repatriate most of its production in France. The group did not wait for the rising costs of transportation and wage inflation that affects a part of Asia to relocate its production in France and Europe. While 40% are still manufactured in Southeast Asia in 2002, this proportion has now dropped to 9%. Aim of the operation to improve the quality of its products.

According to Edmond Kassapian CEO Genevieve Lethu and origin of this strategy, the manufacturing conditions in emerging markets were no longer satisfactory. "We see a lot of flaws too: for example, the colors were sometimes not good.Moreover, China does not always meet the hygiene standards required by the manufacture of kitchen utensils, "said he. Three or four people were paid full-time, just for the after sales service. Manufacturing defects that the company, positioned on a medium-high-end, could not pass up. With a significant portion of its customers for export, being a French brand was not selling enough. "Our customers are demanding products made in France, not South-East Asia," said Edmond Kassapian.

Especially these failures were added to other problems. "Our own suppliers copied our collections to sell at lower prices," recalls the CEO. Occur in Asia also means longer production lead times, which complicate inventory management.In addition to transport by ship, which takes about two months, the status of "world factory" in China in some areas it is a work organization to lean. In this context, start or restart a production cycle requires a waiting period of up to six to eight months.

Model difficult to transpose

By bringing back most of its production in France, Geveniève Lethu won as responsiveness and quality. But this shedding was not built without problems. "Finding plants in France and Europe that can ensure our production has not been an easy task. Invest in tools, machinery was necessary. The repatriation was ultimately effective only from 2004-2005, "said Edmond Kassapian.Despite the cost of transportation and the "huge mess" deplored by the specialist tableware of its products made in China, produced in France is generally two to three times more expensive.

Why the model Genevieve Lethu is not easily transferable. "Some activities simply can not be relocated. Products requiring significant labor to manufacture or those who stand out from the competition will cost products in Asian countries. Our relocation was only possible because we are positioning ourselves in the middle and high end because the argument made in France for us was a selling point, "Edmond analysis Kassapian.

ALSO READ:

"Offshoring destroy 36,000 jobs per year

Renault is working to revive its sales in Europe in 2012. The automaker, whose image was tarnished by the case of false intelligence to launch a "flurry" of new products next year on the old continent, said La Tribune.

Starting with the renovation of smaller models. The group of diamond brand and will revamp its Twingo "with a front face far more original," says the group business daily. No time to breathe, the group will then present its model for electric car Zoe in March 2012 at the Geneva Motor Show prior to the market at a price of 15,000 euros from August 2012.

Then, the Clio IV will land on the market. The aim is to produce 450,000 Clio IV year, said La Tribune bad credit pay day loans. The vehicle will be produced in Bursa in Turkey but also Flins, near Paris. The new Clio will replace the previous ones.

New Dacia

On the Dacia brand, the group plans to launch a "compact van." Then the manufacturer will present models of renewed Logan and Sandero. These vehicles will be sold under the Renault brand outside Europe and Africa.

In the longer term, in 2014, new small city car produced in conjunction with Smart (Daimler) will emerge. Twingo a third version, and a smart four-seater will be produced on a single platform based in Slovenia. The year 2014 should be the revival of high-end vehicles.

Who would have thought the always cautious Jean-Claude Trichet capable of launching such a stir in Europe? Five months after the end of his term as European Central Bank (ECB), the Governor, who found himself back on Thursday a prestigious award in Germany for the title of his contribution to European unification ", took the opportunity to deliver a will in the form of scathing: "Would it be too bold an economic standpoint, a single market, single currency and a single central bank, to consider a finance minister of the Union?" A proposal which requires no more or less, to revise the European Treaties … This hypothetical finance minister, seen by Jean-Claude Trichet, should ensure that each Member State's compliance with fiscal rules and competitiveness criteria dictated by Europe . And if this is not the case, it would have means of intervention.In short, what elicit strong reactions from Member States, always jealous of their sovereignty. However, the governor insists that wiped the plaster of the single currency, "interdependence means that countries do not have full internal facto authority. They may experience crises caused entirely by the adverse economic policies pursued by others. " Clearly, the worst loss of sovereignty is not accountable to a European authority, but to see its economy to its knees because of the excesses of its neighbors, such as Portugal just made the bitter experience business card.

A veto

The Greek debacle – Jean-Claude Trichet was careful not to comment directly – is at the heart of his argument. How to avoid crises in the euro area? With more monitoring. But also how to manage them when they erupt? Much more proactive."In the current scheme, all decisions remain in the hands of the country concerned", said the central banker, hoping to capitalize on annoyance with the efforts judged inadequate in Athens.

In the future, he advocated a policy in two steps to help struggling countries. "At first, it is justified to offer financial assistance in the context of a strong adjustment program. It is appropriate to give countries the opportunity to redress the balance for themselves and restore stability. "But if that does not work, the Governor argues for a direct influence of Frankfurt and Brussels."One might imagine that the European authorities have a right to veto certain decisions of economic policies." Of the major tax expenditures, for example. In short, if in Aachen, Jean-Claude Trichet cited bulk Erasmus, Victor Hugo and Kant, it was the accent of Martin Luther King that animated: after eight years at the ECB, the Europhile could have concluded " I have a dream "…

ALSO READ:

"The Eurogroup Draghi chooses to succeed Trichet

"The battle of the ECB for more European governance

The RSA is still too much to summarize for the assistantship. This is the opinion of the UMP on the social benefit created in late 2008 to replace the RMI. A member of the majority – Peter Lang – early April has filed a bill to require their recipients to perform twenty hours of community service per week. Right about the club's social ex-Secretary of State for Employment Laurent Wauquiez, he is preparing to request a return for five hours per week.

Recognizing this, the Head of State asked Marc-Philippe Daubresse, deputy secretary general of the UMP him "to make proposals to improve and upgrade the RSA, including its component insertion. That's why Martin Hirsch, the "father" of the RIAA, wrote to the former Minister for Active Solidarity letter – that Le Figaro was procured – to inform him of his "reform possibilities."He also said "available" to the convention that the UMP will devote to this subject in June and hopes to "be invited".

The former High Commissioner suggests to integrate RSA's earned income tax, "as expensive, ineffective, inequitable and diluted." One option discarded in 2008 that would "refocus budgetary resources on those who need it most." The president of the Civic Service Agency also proposes to revise the "slope" of the RSA (rate of income related to the resumption of employment that recipients are sure to keep). Set at 62%, he suggested the move to 70% for the RSA is "more incentive to work."This option was not selected in 2008 because of its cost ($ 3 billion, twice the budget approved) and the opposition of the Ministry of Employment.

"False good idea"

To increase the number of beneficiaries of the "RSA activity" (extra income for working poor) has reached in two years that 40% of its target (670,000 households), the former boss of Emmaus proposes to pay The RSA once a year. "A person would not file quarterly for 40 euros per month could ask the same time it made its return all the RSA which it could claim the title of the year, or 500 euros "says Martin Hirsch.

It encourages governments to "re-information campaigns, pointing that it is" rare and unusual "that a new benefit does not give rise to regular campaigns.And calls of "systematically provide a single integration contract" for recipients and above all to punish the double rejection. "This will help determine in what cases are the recipients who refuse a contract and helped when it comes to a lack of offers," he justified.

Martin Hirsch also reconsiders the "false good idea" to request a free exchange. "If we want to take five hours per week of activity to any recipient, then they must pay the minimum wage, or about 100 euros net gain", the only assumption that "do not turn your back to frontally work more to earn more .He blames the failure of the last RSA Young (8000 recipient, cons 16,000 expected) at Bercy, who made "a very inflated forecasts, for pushing the eligibility criteria strictest possible" and calls on the government to relax .

ALSO READ:

"The RSA has enabled 70,000 households out of poverty

"Villepin reviled by economists

"Wauquiez:" UMP must be the party of the middle classes "

Nespresso, a subsidiary of Nestlé and its competitors are desperate to defend their respective pods. The Swiss Ethical Coffee Company (ECC), the most virulent opponent of Nespresso, and just get the bailiffs seized by the group of several machines in the famous store on the Champs Elysees. This operation, conducted last March 10, also held at the headquarters of Nespresso in Paris at the premises of Magimix at Vincennes, and the headquarters and in local group Seb.

Jean-Paul Gaillard, founder of ECC had preemptively filed patents at the launch of his company in 2009, should "change its Nespresso machines to prevent the use of ECC pods. He now feels that "some technical solutions adopted recently by the Nestlé group could violate some patents.Hence the entry for infringement.

Nestlé confirms the arrival of bailiffs but scans the charges. "It denies all allegations of patent infringement, annoyed the Director General of Nespresso France, Arnaud Deschamps. It permanently alters our machines, our extraction systems to improve the quality of our products, "he says, which does not mean that these changes are aimed to" block a particular competitor. " According to him, he is simply "that their capsules are not compatible."

Complaints against complaint

This latest episode demonstrates the escalating legal, begun in 2010 by Nestlé. Last year, the group assigned to counterfeit the French Casino, supplied by ECC and the American giant Sara Lee with its pod Gold and Swiss discounter Denner, who sells caps stores.A few days ago, at the request of Nestle, the Paris Tribunal has to take 50 capsules of ECC for "patent infringement of the Nespresso system.

Nestle has already suffered two setbacks. The Commercial Court of Zurich and one in St. Gallen dismissed in February and early March the group's complaints in the case Denner. In the daily newspaper of Fribourg, Liberty, Pascal Hottinger, director of Nespresso Switzerland, announces the filing of an appeal to "continue the defense of its intellectual property."

These words were echoes those made by Richard Girardot, director of Nespresso in the Geneva daily Le Temps payday advance. "We are convinced of our good faith," he explained. We conduct different actions against each of them. We do not have all attacked in the same way or on the same subjects. "

Nestlé still live in the 50s "

Search the protection seems to turn an obsession for Nestlé. Nespresso will face the expiration of several key patents in 2012. The group ensures that despite this pressure, no modification of machinery to block the competition is on the agenda. "The option exists. But currently it is not our position. We are not defensive. Our company is focused on innovation and offensive. That is our primary concern today, well beyond issues of patents, "said Richard Girardot.

But Jean-Paul Gaillard, head of the TTC, do not believe in these promises. Interviewed by Swiss television, he does not mince words with respect to a company he headed from 1989 though 1997. Nespresso he accuses of "espionage" and believes that the group is seeking by every means to "preserve its monopoly.What makes me think that Nestle is still alive in the '50s. "

A market too juicy

Verbal exchanges may still be lively among competitors at the height of their respective ambitions. On the one hand, ECC promises to enter the Swiss market in September 2011. "We sold 50 million pods in 2010 and we are aiming between 700 and 800 million capsules in 2011, including about 400 in France. The rest should be sold in Switzerland and Germany, "says Jean-Paul Gaillard. On the other, Nestle wants to spend $ 215 shopping late 2010 to around 250 in late 2011.

Nespresso is to remain a leader in a market growing at 20% in one year, which represents slightly less than 3% of Nestlé's revenue last year with 3 billion Swiss francs (2.3 billion euros) in turnover business gained.The mission will be difficult: early January, United Coffee, announced his intention to go further than the pods by manufacturing machines identical to his.

ALSO READ:

"Pod: The capsule filling oneself

"The response to Casino and Nespresso Coffee House

The stage at Brussels was not to last as long. Friday night, two Thalys from Amsterdam to Paris and were forced to spend the night at the stop at Brussels Midi station, registering a total delay of about 14 hours on their arrival in Paris on Saturday morning.

The origin of this disruption, a technical default on the first train left at 6:16 p.m. Friday in Amsterdam. To remedy this, the train is coupled to a second train has left the Venice of the North one hour later.The operation takes a long time, so much so that the arrival of two trains in Brussels to 23 hours, it is too late to pursue the road: "The network of high speed rail network in France (RFF) was already closed at night for maintenance, "said a spokesman for Thalys, Patricia Baars.

"We tried everything, but it was not possible to make the trains run outside the operating hours of commercial network," French said the representative of the rail consortium.

Not enough room at the hotel

And the trouble does not stop there. As it is too late to implement an alternative system of transportation by bus, according to Patricia Baars, passengers are forced to spend the night there.But again, a new obstacle: "It was not possible to find hotels in the immediate vicinity of the Brussels-Midi station to house some 400 people," says Patricia Baars.

Some passengers decide to leave to go and look for a hotel in downtown Brussels, at their expense. The approximately 250 remaining up for the night. "They received a meal and hot drinks. The train was heated, and watched the train, "said Patricia Baars figaro.fr.

Not really a version shared by Marta Ayala, 38, transient. Station in Brussels, "everyone left the train. Workers, drivers, everyone is gone. Without telling us anything, "she testified. "The passengers left the train to get information. There was nobody on the docks. Thalys offices were closed, "she added, pointing to photos taken in the night.

"Around 0:15, the security personnel were brought boxes of food. Still no explanation. Then at 6:30 this morning, we were told to change trains, "she adds angrily. "I paid 200 euros, just the casual, the service terrible."

Thalys says that all passengers will be reimbursed for their tickets, and any other compensation – for nights hotels, missed connections – will be considered on a case by case basis.

Both trains were eventually depart at 6:40 Saturday morning, arriving with a delay of 14 hours for the first Thalys 6:16 p.m. and 1:00 p.m. respectively. This is roughly equivalent to that recorded by the drill nuitStrasbourg Port Bou / Nice, who had accumulated a series of incidents during the night of December 26 to 27.

"All long-term unemployed should be received within three months to receive either skills training or employment." In passing this sentence Thursday night at the show "French Song" on TF1, Nicolas Sarkozy launched a new battle against unemployment, while there were in France, 31 December, between 2.72 and 4.05 million unemployed by their category. Be between 80,100 and 202,500 from a year earlier.

At the employment center, the message was heard. An ambitious plan is implemented. "We're working on for several weeks with the team of Xavier Bertrand (Labour Minister, Ed)," said Le Parisien's entourage Christian Charpy, the CEO of employment center. The newspaper said 680,000 people registered for over a year unemployed in category A will be called for interview "physical" from the month of March.The agents try to determine what monitoring will be most suitable for each person. For now, however, the long-term unemployed registered in the other classes (B, C, D. ..) are not affected by this initiative. "Most are already in training or employment," says employment center.

The year 2010 has been an annus horribilis for the job. And December data, published recently, will not grow much for optimism. With increases in the number of jobseekers registered 27,100 in Class A and 32,600 in ABC (including the unemployed who worked more or less than 78 hours in the month), December has been one of the worst months of the 2010 paperless payday loans.As the number of long-term unemployed, he continued his surge: + 18.1% in twelve months for the unemployed for over three years and 38.5% for those with two years of unemployment.

The resurgence of subsidized contracts

It is within this context that the morose president said Thursday that the government would generate an additional EUR 500 million in the budget for the job to fight against the long-term unemployment and promote early learning. "We will mobilize all our forces" for the job, said the head of state. "Growth has returned, the signs are encouraging, it will work."

In addition to strengthening the support for employment center, the government decided to reopen the valves assisted contracts.Xavier Bertrand has said in an interview with Le Figaro on Friday funding 50,000 new subsidized contracts, while 390,000 already budgeted for 2011. "We will also ask departments to finance contracts with the State 60,000 more flights to the beneficiaries of the RSA," said Minister of Labour. "This fits perfectly with our desire to promote the value of work. Better to pay a salary as an allowance. "

ALSO READ:

"2010, annus horribilis for the job

"Half a billion euros more for employment

"Better to pay a salary allowance"