Archive for the 'international' Category
For what will probably be his last European summit before running for a second term as president, Nicolas Sarkozy could not escape the exercise of stock. Friday the signing of the pact of fiscal discipline, contrived with Angela Merkel, has provided him with the argument: "We're not out of the economic crisis, but we're turning the page of the financial crisis." .. ……
Garden side, the summit without chips seems to end two years of debt crisis. Greece climbs out of the rut, the other countries of the euro will provide the means to finance their debt markets through the "firewall" financial, and the common currency is based on an own last fiscal governance .
The time to relax is actually financial. The France borrows at interest rates lower and – the president is delighted – the differential with Germany was "closer to historic lows." Any risk is spread? "I will not allow myself to say. There is no 100% guarantee. We thank you is always a tragedy. " Or maybe an election
.
Side yard, however, is the looming recession and the new Spanish Prime Minister Mariano Rajoy took it upon himself to embody the danger. The ink barely dry on budget pact, he said he does not comply with the spirit: Friday Madrid has set a fiscal deficit target of 5.8% of GDP, well beyond the 4.4% for 2012 agreed with its European partners. The slippage Spanish adds to the disorder of Brussels, already shaken by the announcement Thursday of a similar drift in the Netherlands. Another crisis does not seem so far away already.
"Temptation liberal"
Regarding means of a return to growth, the European team seems equally divided. In fiscal harmonization desired by Paris and Berlin opposes deregulation of services and labor market driven by London, with the reinforcement now in Rome and Madrid. Once again, David Cameron a "frustrated" by the Franco-German immobility had a scrap with Nicolas Sarkozy worried by the return of the "liberal temptation." The summit declaration indicates a match virtually nil. But the French president welcomed the "return to Europe," British Prime Minister, after falling out of the fiscal pact in December.
The day of reckoning is also the one to draw a roadmap for the future. Whatever the outcome of presidential elections, Nicolas Sarkozy has no plans to run for a European mandate. "From the heart not, under any circumstances, either now or later, he quips. I do not have the qualities to be an excellent President of the European Council. Herman van Rompuy is already doing. As for José Manuel Barroso, understand that I can not compare myself! "The head of the Commission will assess the scratch.
If it does not nourish ambition in Brussels, the president surely has for France and for a second term: "I still have something to do five years in Europe, 'says he told reporters. "We put in place tools. We now use the full. "Among his war-horses, he cites jumble of European defense, a true industrial policy, competition, the Mediterranean, and immigration.
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Despite the efforts and fiscal measures taken by the government for several years, young innovative French companies starting up are still struggling to find hundreds of thousands of dollars required to bring their products or services on the market. This is the conclusion drawn by the experts of the Strategic Analysis Centre (SAC) in a note on the boot, that is to say, to finance the early years of a young growth company.
First, venture capital funds that are experiencing increasing difficulty in raising funds prefer to invest more money in companies confirmed. Two reports of the General Inspectorate of Finance and the Court of Auditors published in 2009 and 2011 criticized the attitude of funds more concerned with profitability than risk taking.
Develop places "accelerators"
For their part, business angels, who are people able to invest between 50,000 and 1 million euros, regret that the State does not take the tax incentives for investors who are at real risk. The Federation of France Angels, which includes 4,200 business angels networks belonging to 80, for example wants the State to promote the creation of a fund co-investment involving public funding and private money on the model of Angel COFUND established in November last by the British government.
Anxious to bring together innovative companies and private investors, the Strategic Analysis Centre proposes that the national fund priming with 400 million and managed by CDC Entreprises, a subsidiary of Caisse des Depots, devotes part its investment in the development of places known as 'accelerators' that host for a few months of innovative young companies to help them prepare a case that would convince financiers.
A database to evaluate measures
"In the U.S., the number of accelerators has increased from 4 in 2007 to over 100 in 2011. There are now fifty in Europe, "says Caroline Le Moign, project leader at the Department of Finance-Economy Center for Strategic Analysis. In contrast, in France, such centers can be counted on the fingers of one hand.
The Center for Strategic Analysis also recommends evaluating the effectiveness of various measures taken by the State and to better monitor the companies together, creating "a database crossing private equity and public incentives."
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True consecration for French cinema. The Artist The film received five statuettes last night at the 84th Academy Awards ceremony which was held in Hollywood. Jean Dujardin has received Oscars for best actor, becoming the first French writer to receive this award in the history of the trophy in 1927. The French film directed by Michel Hazanavicius was also named best film. Other rewards of choice, those for best director, best costumes and best music.
These prestigious awards devoted French cinema, that 2011 was a year of enormous benefit. Beyond the global success of The Artist, 207 French films have gleaned rains awards and have also generated record revenues.
The attendance figures for 2011 show theaters because historical scores with 215.6 million entries, up 11% fast cash loans. Last year, over two thirds of the population entered a movie theater. The locomotive of the hexagonal film, Untouchable, records and 19 million entries followed by Nothing to declare that drew 8.1 million viewers. And the average price of 6.50 euros per entry, revenues of French cinema totaled nearly 1.4 billion euros in 2011. Another source of satisfaction for the cinema, the market share achieved by French films in the Hexagon stands at 41.6%, a figure that has no equivalent in other European countries. Crowing, film is exported and particularly the success of The Artist should continue to benefit the whole of French cinema.
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For three years, the halal market in the Hexagon knows a strong increase of around 10 to 15% per year. The latest data firm specializing in the polls ethnic, Solis, the market for halal products ("legal" or "licensed" in Arabic) has reached 5.5 billion euros in 2010, one billion euros for Restore. If manufacturers have smelled it rich by investing in five years the sector, traditional butchers and grocery stores still hold the vast majority of the market, with 80%. In total, the halal industry worldwide is estimated at $ 600 billion (455 billion euros), representing 16% of the weight of the global food industry.
With 5 million consumers potentially concerned, France has seen the development in recent years these product lines compatible with the requirements of Islam. Not just in the food (meat, drinks, fast food …) but also in cosmetics (polish, lipstick, creams …).
Less dynamic in 2011
However, the year 2011a saw an inflection point. In any case, as revealed by the study "Horizon 2012 Shoppers' * Cabinet Solis, for which growth has slowed halal this year. Phenomenon confirms that the latest study by consulting firm Symphony IRI published mid-November that the increase in sales of consumer goods in supermarkets and hypermarkets Halal slowed sharply in third quarter 2011, reaching 157 million euros . While the 10.5% growth recorded over the period would be the envy of many manufacturers. And yet it is a stop from 25% rise recorded a year earlier on the same period.
While the month of Ramadan can average a 60% increase in sales compared to a normal month, the halal sector suffers from the dual effect of increased competition from brands in supermarkets, but also and especially problems of traceability / certification products. Last year, the suspected presence of DNA from pigs in halal poultry sausages Herta had led by example the brand to remove these products from sale. Bad publicity that has impacted on all producers. Especially since a few months later, Canal + hit hard by distributing a clear story ("Halal: The underside of a business") questioning the seriousness of certain companies in the industry. "The impact (of this report note) has been considerable consumer" also recalls the firm Solis.
Private labels are pulling the prices down
Finally, the dynamism of the sector is constrained by the market entry of private labels (PLs), which tend to drive prices down. This development is "at the expense of already established brands in retail, including national brands declined halal (Fleury Michon, Herta …) and traditional brands," says Solis, who is expected in the coming months to a redistribution market share between the different actors and has the concentration of firms in this market.
* Survey conducted face to face about 1,405 people 18 to 64 years in four regions with a strong tradition of hospitality of North African immigration, between October 14 and November 7, 2011
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In the midst of crisis, football clubs always brew as much money. In any case, as revealed by the Deloitte top 20 of European football clubs by revenue. For its 15th edition, the study "Football Money League" in fact reveals that the 20 richest clubs in the Old World have generated 4.4 billion euros in sales during the 2010/2011 season. This is 3% more than last season, and over a quarter of total market sales of European football. Nine of these clubs have seen their billings rise by more than 10% over the period, against only seven formations that had experienced a drop in their turnover. While these figures do not assume the financial health of clubs often heavily indebted, but reflect the ability of the persistent world of football to attract capital.
OM, the club that generates more money
The overall ranking has no major upheaval (the top six ranking has not changed in four years). But the French league has experienced a revolution. Indeed, for the first time in seven years, Olympique de Marseille ranks first among French clubs. With 150.4 million euros in turnover in 2010/2010, the club OM (7 million, the 14th in the standings) delights the trophy to his rival Lyons. Recording only 132.8 million in billings over the same period, Olympique Lyonnais (OL) forfeits three places, and now points to 17th.
In many clubs, the French championship in fifth and final figure up the "big five" European (behind England, Italy, Germany and Spain).
Place electrical cables lines high and very high voltage, from the soil or water into the air and ask, carry baskets … Perform all aerial work construction and maintenance of the network, that in the safest conditions. A highly specialized expertise and not without risk when French industry stands in the world thanks to the skills of RTE, the electricity grid operator, and its teams.
The RTE has decided to move to the next level. He announced today the creation of a new subsidiary Airtel whose mission is to build and sell these services abroad based on a new fleet of heavy helicopters. The objective is to assign a machine more powerful and secure work risky for humans pay day loans.
World Premiere
Airtel takes delivery today in Marignane, Eurocopter's headquarters, the first of the EC 225 ordered. The new company becomes the first operator of such a machine in France after the Navy. The EC 225 belongs to the class of heavy helicopters of 11 tonnes and the Super Puma family of which it is derived in civilian version.
This device is unique because of its equipment developed for two years by a joint team involving Eurocopter and the RTE. The two companies know each other well. Since its inception, the RTE 100% pilot a fleet consisting of Eurocopter far as light aircraft or EC 135 Ecureuil.
The situation remains uncertain in the U.S. capital markets. Despite fears of contagion from the debt crisis in the euro area, the New York Stock Exchange was still closed up. The increase, however, is shy. The Dow Jones gained 0.14% to 12,096.16 points, the Nasdaq is 1.07% to 2686.20 points and the S & P 500 rose 0.48% to 1257.81 points.
The distrust of government bonds in Spain and Italy still has soared. Spanish borrowing rate to 10 years have in fact exceeded the critical threshold of 6% yesterday, which had not been seen since early August. Italy has in turn launched a tender coldly received.
George Papandreou after an earthquake triggered Monday by announcing the holding of a referendum and a vote of confidence on the aid package passed last Thursday, Nicolas Sarkozy has responded to the outcome of a ministerial meeting at the Elysee Palace. For the French president, it is not going back on the Europe Agreement to reduce the debt of Athens it is "the only way" to Greece he said. "Giving voice to the people is always legitimate, but the solidarity of all countries in the euro area can not be exercised without the consent of each effort," said the French president.
Earlier in the day, the announcement of the referendum led to a further fall in European equity markets."It's a strange way of acting," said the German Rainer Brüderle, chairman of the FDP parliamentary group (Liberal), a partner with the Christian Democratic Union (CDU) of the ruling coalition. "It looks like someone is trying to emerge from what has been agreed. Prime Minister Papandreou has agreed a rescue plan that benefits the country. The other countries are willing to considerable sacrifices for decades of mismanagement and poor governance in Greece, "he lamented over the airwaves of Deutschlandfunk payday loans.
Finnish Minister for European Affairs Alexander Stubb, said he agreed that the referendum will be equivalent to a vote on the country's membership in the euro area. A view shared by Christopher Pissarides, Nobel Laureate: "If no victory, Greece would fail immediately.The leader of the opposition conservative (New Democracy), Antonis Samaras, said the Prime Minister "can not govern and instead to withdraw with honor, he just dynamite." "I never thought that Papandreou would make a decision as dangerous and frivolous," said the former Foreign Minister Dora Bakoyannis, who heads the Democratic Alliance (a small center-right party).
Even the national press is unleashed. "The country will be paralyzed by endless debates, the government, the state apparatus and institutions no longer function," says the conservative daily Kathimerini.
"A minimum of democracy"
However, few voices to salute the decision of the Papandreou government.
The U.S. stock markets, ended sharply higher on Friday: the Dow Jones gained 2.31% to 11,808.79 points, the S & P 500 1.88% to 1238.25 points. Thursday already, the New York Stock Exchange ended without direction. The Nasdaq was in turn awarded 1.49% to 2637.46 points. Over the whole week, the Dow and the S & P rose by 1.3% and 1.1% but the Nasdaq fell 1.1%.
Buoyed by the performance of large U.S. companies, the market will also confident about the progress of the sovereign debt crisis in the eurozone as EU leaders have pledged to agree on a solution by Wednesday. Sunday will begin a crucial summit and Paris and Berlin have announced that Nicolas Sarkozy and Angela Merkel will hold talks in Brussels the day before to prepare an "ambitious and comprehensive response" to the crisis.Concrete measures will be considered Sunday to be adopted during a second peak "no later than Wednesday."
Discussions will focus on how to increase the capacity of the European Financial Stability Fund (EFSF), but also on the rescue of Greece. Meanwhile, in Greece, the anti-austerity continues. A new law has been de rigueur in the Greek Parliament voted Thursday. This Friday night, the euro area has announced its approval of the sixth tranche of aid to Greece scheduled in the first rescue plan adopted last year. Remains the green light from the IMF co-finance the loan.
Summit high risk in Europe
For many observers, however, profound differences remain between France and Germany. "There is no joint proposal" European at the moment, has acknowledged Thursday the German Finance Minister Wolfgang Schäuble.For his part, President of the European Commission Jose Manuel Barroso called on Europeans to "compromise" to reach decisions "resolved" and "immediate."
Another failure might further undermine investor confidence in the ability of Europeans to fight effectively against the debt crisis. They would now have a highly sensitive situation at the G20 to be held in early November.
Pressure rating agencies
Rating agencies are increasing the pressure on the euro area. After Moody's, S & P raised doubts about the AAA rating of the long-term debt of France.The agency suggests a probable degradation of notes France, Spain, Italy, Ireland and Portugal according to economic conditions.
On the macroeconomic front there was no major indicator not on the agenda of U.S. investors no credit check payday loans.
On the foreign exchange market, the euro lost ground to 1.3893 dollars against 1.3772 dollars on Thursday night. Oil prices ended in a disorganized after rising following the announcement of the disappearance of the former Libyan leader Muammar Gaddafi. The barrel of "light sweet crude" for December delivery gained $ 1.33 to 87.40 dollars on the New York Mercantile Exchange. On the week, won 60 cents per barrel.In London, a barrel of Brent North Sea crude for December delivery lost 20 cents to 109.56 dollars on the Intercontinental Exchange (ICE).
Earnings rise for McDonald's and Microsoft
The side of values, General Electric (-1.92% to 16.31 dollars) announced Friday that it saw its net profit rise by 18% in the third quarter to $ 2.4 billion, in line with market expectations and announced an increase to rely on double-digit earnings per share in 2012.
Verizon Communications (0.86% to 37.42 dollars) recorded a profit in the third quarter of $ 1.38 billion, against 659 million (23 cents) a year earlier. The turnover registered at 27.9 billion against $ 26.5 billion over the same period a year ago.
Honeyell (5.82% to 51.28 dollars) has announced a 45% increase in net profit in the third quarter to 862 million.
The world's leading fast food McDonald's (3.72% to 92.32 dollars), reported a net income above expectations at 1.51 billion dollars against 1.39 billion a year earlier.
Schlumberger (-0.90% to 67.38 dollars), worldwide leader of services to the oil industry, announced a profit lower than expected in the third quarter, with $ 1.3 billion (96 cents per share) against a , 7 billion ($ 1.38 per share) a year earlier.
After the close Thursday, Microsoft (0.44% to 27.16 dollars) issued for the first quarter, revenues of $ 17.4 billion, up 7% year on year. Net income reached 5.74 billion, up 6%, while earnings per share rose 10% to $ 0.68.
Capital One Financial (6.94% to 43.29 dollars) issued for the third quarter net income of $ 813 million against 803 million last year and 911 million in the second quarter.
Note also, from Monday, October 24, the company Groupon, which specializes in online distribution of discount coupons for shopping in local markets, should do its IPO on the basis of a valuation from October to December billion. However, it is far from the capitalization of 15 to 20 billion, of which Andrew Mason, founder of the company was still dreaming in June.
Six weeks ago, Canal + gave a big kick in the PAF, announcing the surrender of the two Bolloré DTT channel Direct 8 Direct and Star. The next day, Jean-Marc Morandini, "Mr. Media" commented one of Europe experts with the likely impact of this acquisition on the programs of the chain. A question for Jean-Marc Morandini in the first place, since officiated in five years on Direct 8, where he now presents two programs: "Morandini!" A daily talk show for over an hour on the media , released at 18:45, and the issuance of news items "Presumed Innocent", which aired twice a month in prime time. "I do not know if I fear this change, because we represent a large portion of the hearing of Direct 8. This week, "Presumed Innocent" Live 8 was passed in second place of DTT at 20:45. It all depends on what Canal + will do just that chain.At the moment, I do not know, provides the facilitator. We'll talk when the time comes but for now I'm not too worried, unless they really want to make a very different line, with only series and sports for example. "
If "Presumed Innocent" to beat his record of the hearing Tuesday, with 3.3% market share, and 804,000 viewers on average (with a peak of 1.17 million), the hearings "Morandini," have had difficult to take off since September. Since September, 400,000 fans of the media follow him on average every end of the afternoon, against 700,000 at the best of the previous season. "We fumbled a little early because we had stayed on the trend of last year which was that every time we talk about reality TV, audiences explode. There was a real demand from viewers. This is not the case this year.People are perhaps a little tired, the characters are somewhat less charismatic, so we changed our tune after fifteen days. We have invited less oriented "people", with a little more background, "explains Jean-Marc Morandini. With the approach of a major electoral event and in a context of crisis, the facilitator discusses the need to provide more information than entertainment, "People want programming where we learn something and not just where people come to their show. "
"Very advanced negotiations"
Present since 2003 in Europe 1, Jean-Marc Morandini also inherited at the start of a new installment for its "Grand direct media." The program now starts 90 minutes earlier at 9:30 for an hour of news media. "It was a request on my part, I would even begin to comment at 9 o'clock live audiences.This is the best time to issue a media: early to react immediately to what happened in the evening and be the first to provide information that can be. " The first audience figures on this new box should be available in mid-November.
Jeanmarcmorandini.com creator of the site, the host is present on three media. Still owns the site, however, it is entered in "very advanced negotiations" with Bolloré Media for an equity stake in the site. The facilitator explained that he had several proposals for acquisitions, but said he had "never sought to sell it." The time seems appropriate, while jeanmarcmorandini.com, long time near monopoly in its field, is now closely followed by new entrants.Last May, the site Pure Media (formerly Ozap), with 1.02 million unique visitors came to tickle its approximately 1.25 million unique visitors per month.
And to justify his choice, he evokes the editorial freedom of the likely new shareholder. "The site needs to move to a higher stage. The interest for me is that Bolloré Media is in print. And the group will separate its channels. I go to them will be in an independent and not be bound to talk about television. " It is likely that the proximity to his current employer (up to the finalization of the sale of Live 8 on Canal +) also facilitates the transaction. The moderator believes that it should be signed in the next two days, and states that retain editorial control of the site.
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