With a business volume of 300 million euros, Travel sncf.com set a record last month. "We sold 150,000 tickets a rainy day, 200,000 on a good day," said Yves Tyrode, director general of the website, a subsidiary of SNCF, which claims more than 55 million train tickets sold last year and more than 11 million unique visitors each month. "Last year, 70% of Internet users have come at least once. We are the site of all the French! "
In fact, Voyages-SNCF. com is the leading French travel agency online. In 2010, the site has achieved 2.8 billion euros in sales volumes, driven by a 18% growth over 2009.
Year after year, Travel sncf.com widening the gap with so … the counters of the station. Last year, the site has achieved 36% of sales of train tickets. A record.For the record, this percentage was 27% in 2008, the share of branches reaching 28% at the time.
"We are pro in the distribution of tickets online and we want to be in Europe, says Barbara Dalibard. Online sales change over a double-digit growth. Customers come under the counter. "
2011, promising
The CEO of SNCF Voyages recently told a group of journalists that "currently, our sales come for more than a third of the Internet, 20% of travel agencies and the rest is done at the counters of our stores and" .
2011 promises to be a promising year for Travel sncf.com. "Even trend" in 2010, according to its CEO Yves Tyrode and "explosion" of sales from mobile phones and tablets (iPad).While these new devices sales still weigh little in the overall volume of activity in Travel sncf.com, but since January the sales they have generated has increased by 100% to 20 million euros. In May, mobiles and tablets as well have accounted for 10% of the audience of the site.
ALSO READ:
"Captain Train, future competitor of Voyages-SNCF
The fear of bankruptcy Greek has never been stronger. Sunday, finance ministers of the euro area have again met in Luxembourg to lay the foundations for a new rescue plan, this time involving the private sector.
To address the most urgent, priority was first to validate the fifth installment of the loan of 110 billion made last year in the first aid plan. "We will work to pave the way for the release" of this slice of 12 billion, assured the German Minister Wolfgang Schäuble on arrival. Otherwise Athens, facing deadlines refinancing risk bankruptcy next month. However, the decision could be taken only Monday, after the meeting, warned the President of the Eurogroup, Jean-Claude Juncker.It is also linked to the IMF agreement, which should provide about a quarter of the promised amount and conditioned his release date for further progress in economic reforms in Greece. But ministers were mostly working on a new rescue plan, with "at least an agreement in principle", according to one diplomatic source. The amount could approach that of the first packet. If the principle is an act, the terms of this extension will however be referred to the next meeting of finance ministers, scheduled July 11. The big question concerns the involvement of banks."We'll talk tonight about the involvement of private creditors, the question is how far it can and must go," summed up Jean-Claude Juncker.
"We play with fire"
Friday in Berlin, Nicolas Sarkozy and Angela Merkel had outlined the mechanism, with four main principles: voluntary participation of private creditors, approval of the ECB, nor a "credit event" and rapid implementation instant payday loan. But Wolfgang Schäuble Sunday as Chancellor reiterated that the participation of private creditors should be substantial. Germany prefers the idea of longer maturities on debt, where Paris defends the option of "rollover" that would see creditors renew their credit lines in Athens at the maturity of loans.For Europeans, the most important thing is to convince investors that it is not part of a payment default.
"We play with fire," warned Saturday the President of the Eurogroup. Bankruptcy of Greece "may be contagious for Portugal and Ireland and, before Spain, to Belgium and Italy, given their heavy debt." And in this game of dominoes, the Belgian Finance Minister Didier Reynders, did not rule out that France is also reached, "when you see the level of deficit and debt." The financial world has been rocked in 2008 by the collapse of Lehman Brothers, he said in an interview with The Tribune."Do not repeat this type of bankruptcy."
After the reshuffle of his government, Prime Minister, George Papandreou, has, meanwhile, claimed Sunday the confidence of Parliament in order to get its austerity plan in late June, and thus obtain the release of the new international aid. A vote is expected Tuesday night.
ALSO READ:
"More and more Greeks reject Europe
"Greece is planning a referendum on the rigor
The disappointment that followed the release Friday of the bad employment numbers in the United States extends to Asia Scholar. On Monday, key regional markets receding in the wake of Wall Street has ended the week on a clear downward. In May, the U.S. has created only 54,000 jobs, which is three times less than expected and not enough to prevent a rise in unemployment to 9.1%, against 8.9% expected. Enough to worry the markets on the strength of the recovery across the Atlantic.
At a time of closure, the Nikkei, Tokyo Stock Exchange lost 0.63% in 9432 and points after starting down 0.26%. The rating is pulled down by the action of the utility TEPCO, which drops from 25.9% to 7 hours.Investors sold heavily to the track operator Fukushima after the publication of an article by Kyodo news agency on Sunday, saying the company could record a net loss of 570 billion yen in fiscal year from April 2011 to March 2012 (4.9 billion euros at current rate), excluding the compensation due to victims of the nuclear accident. In its wake, as Chubu Electric Power Co. also dropped 8%.
In the rest of the region, the red is also relevant. The Indian Sensex lost 0.31% while in Australia, the S & P coward 0.37%, weighed down by mining stocks Rio Tinto (-0.85%) and BHP Billiton (-0.81%). Note that the stock exchanges of Hong Kong, Shanghai and Seoul were closed for holiday.
Oil without direction
Oil prices were for their part without leadership in electronic trading in Asia in anticipation of an OPEC meeting in Vienna on Wednesday, dealers said. In morning trading, a barrel of light sweet crude for July delivery gained 8 cents to 100.30 dollars and that of Brent North Sea crude for delivery the same declined by 6 cents to 115.78 dollars.
The Organization of Petroleum Exporting Countries (OPEC), which meets Wednesday on the bottom of sinking of the Libyan crisis, should leave its production quotas unchanged, despite soaring crude prices and increased pressure on consumer countries, analysts said.
After the sprint, marathon. After spending several weeks trying to prevent the complete melting of emergency nuclear cores, the company that manages the central hilly Fukushima cut his forecast to surge by autoriéts to present a plan of action quickly. It's a race to the bottom limit for gradually leaks radioactive in which the company launches. With the gradual return of cooling systems, the operator believes that Sunday that he should take another three months to begin to "ensure that the radiation level begins to drop."The importance of radioactive releases into the environment has recently led the authorities to reclassify at 7, the same as the Chernobyl accident, the catastrophe occurred in Fukushima.
"Having completed this first step, it will take three to six months before we can reduce radiation leaks at a very low level," said Chairman of the Board of Tepco at a press conference. The company says that this second step will also aim to achieve "cold shutdown" reactor (cold shutdown), thereby facilitating the intervention of technicians. For now, nuclear reactions continue to residual heating fuel that requires cooling. The "cold shutdown" means the time when the number of fission is low enough that the coolant does not suffer almost no temperature rise.Katsumata said the company could now hope to "cool the reactors and storage pools of spent fuel so complete and stable."
Avoid the explosions of hydrogen remains a priority
The priority still remains "to prevent hydrogen explosion in Units 1, 2 and 3. Damage to the fuel ducts under the influence of heat leads one to the release of potentially explosive hydrogen gas. "The workers will inject nitrogen into the reactor to maintain the lower the ratio between hydrogen and oxygen," the company said in a statement.
A few days after the disaster of March 11, explosions occurred at Units 1 and 3, caused by the accumulation of hydrogen in the building housing the facility.The company has finally added it would cover the three buildings damaged reactors – 1, 3 and 4 – the next six to nine months, without specifying the type of material being considered. "In the medium and long term, the company plans to build buildings with concrete," she said.
The government hopes that the "road map" be held
TEPCO will finally try to limit the release of highly radioactive water. "On the reactor 2, we begin to clean up highly radioactive water in June," said the president of TEPCO operator. The injection and dumping bulk water since March 11 has resulted in highly radioactive water leak in the engine rooms and in trenches adjacent facilities, part of which was donated voluntarily or involuntarily, in the sea .
The Minister of Economy Banri Kaieda hailed as an "important step" presentation of the plan."The government expects that Tepco respects the roadmap, even as it accelerates", he said, because "in six to nine months, we want to tell the evacuees where they may or may not return among them. " Some 80,000 people in a 20 km radius around the plant were evacuated because of high level radioactive waste ocasionnés by the disaster.
ALSO READ:
»COMPUTER GRAPHICS – The nuclear accident Fukushima explained
"Japan's nuclear accident at Chernobyl
"VIDEO – The images of the wave that hit Fukushima
"Fukushima: 11,500 tonnes of radioactive water into the sea
"SPECIAL REPORT – Japan devastated
LE FIGARO – What are the economic consequences for Japan?
Jean-Pierre Petit – Contrary to what we believed in the early hours of the earthquake, the impact is probably greater than that of Kobe in 1995, which cost 10,000 billion yen, or 2.5% of GDP. The affected area this time, north-east, weighs 8% of GDP against 4% for Japanese Kobe, and it includes many production units and automotive electronics. But the most serious is the risk that nuclear has a direct impact on energy resources, since the nuclear provides 25% of national electricity consumption.This is the novel aspect of this tragedy is still not able consequences even if they tend to be exaggerated by the markets.
Could there be a rapid rebound in the economy?
It's terrible to say but disasters still have a stimulating effect in the short / medium term impact on the economy when the state starts rebuilding. Japan's GDP rose by 5% annualized rate during the three quarters that followed the disaster in Kobe. Provided that the nuclear situation eventually stabilized, it will be the same this time all the opposition has indicated it would follow the government's economic stimulus projects.In absolute terms, Japan has a debt problem, which represents 200% of its GDP, but this does not prevent him from borrowing in good condition because 95% of this debt is held by the Japanese no fax cash advances.
What are the consequences for the global economy?
A Japanese recession would not have much impact on the global economy. At its peak in the early 1990s, Japan accounted for 18% of global GDP in current dollars. Today, it represents only 9%. Japan – with U.S. – the least open of the major developed countries, it acts early in the production chain and there is a net exporter. A slowdown in its economy weighs little on final demand and global activity.Viewed differently, global growth amounted to 3.6% since 2000 and Japan is almost no contribution!
The succession of disasters threat does not resume?
The paradox is that the number of natural disasters is rising trend since the early 1950s, as they have been multiplied by 20 in fifty years, before breaking a bit since the early 2000s. At the same time, the average unit cost of natural disasters has remained stable, amounting to $ 240 million on average between 1950 and 2010. For the total cost of natural disasters (including the growing number), it has increased, but at a pace close to that of U.S. GDP (6% per year).In other words, the cost of disasters relative to GDP is stable world since 1900: the events are more frequent but the risks better managed and the impact remains low overall.
ALSO READ:
lefigaro.fr / jdf.com – Tunis Stock Exchange is closed since last Monday. Why all this time to restart the ratings?
William Chaloin – The restart of trading of the Tunis Stock Exchange ($ 11 billion market capitalization) is more political than technical. The state wants to ensure that companies with a stake is owned by relatives of former President Ben Ali, or by itself, will not be subject to massive sales. Investors want to know if these companies are nationalized or not, and at what price.
Is it not surprising for a financial center that posted last year the fourth best market performance in Africa, to South Africa and Egypt? *
The cons-performance of the Tunis Stock Exchange are just a reflection of what's happening in the country.As the country's political situation will not be sanitized, investor wariness persists. And this is not the will of the Financial Market Council to oversee the courses that will change the trend. The Tunisian stock index reached a high point last September 30 to 5681.39 points and began to decline with the first events of October .**
Is there a risk of contagion effects?
The main countries that could be affected by a contagion effect are Egypt and Morocco. But the major Egyptian companies are very international, as Orascom Construction Industries, which is present in 20 countries across the Middle East, Africa and Central Asia. As for Morocco, unlike Tunisia, it has substantial natural resource wealth.This is notably the largest exporter of phosphates in the world with strong demand from China is not ready to dry up
What he lacks in Tunis Stock Exchange to be as important as that of Cairo (79 billion market capitalization) or Casablanca (72 billion)?
The Tunisian financial market is not open enough to foreign investors and capital sides are held primarily by Ben Ali and his relatives. As an anecdote, a company like McDonald's was not established in Tunisia because she refused to follow the "diktat" imposed by Ben Ali's family, that any foreign company that wanted to locate in the country should subject to a holding bin Ali clan paydayloan.In this context, the downward trend should be sustained for Tunis Stock Exchange.
Conversely, what are the advantages of the Cairo Stock Exchange?
The Cairo Stock Exchange has the advantage of having a clearing house, ie an intermediary between buyers and sellers. This allows authorities to know who buys stock and sells. Every day, we know the volumes processed by foreign investors and locals. So we know that during the political crisis in Tunisia, it is foreigners who have sold more than otherwise and the premises were rather buyers.The Cairo Stock Exchange is relatively liquid and easily accessible to investors through the dual listing of some large caps in London.
What are the areas you prefer?
For Egypt, we focus on telecom infrastructure (Orascom) and financial services (Commercial International Bank). In Morocco, we have a preference for telecom (Telecom Morocco), financial services (Attijariwafa Bank) and mining (Mining Coompagnie Touissit). Libya (3 billion dollars in market capitalization), which is the financial center of rising North Africa, will be the subject of several IPOs.
Do you think that Morocco and Egypt can integrate the BRICs, like South Africa?
It's still early. I'd rather see Nigeria.But what is certain is that countries continue to strengthen their partnerships with China, thanks to their reserves in natural resources, are likely to record very high growth. And that title, integrating the BRICs. Egypt and Morocco are on track.
* Johannesburg and Cairo are the two largest stock exchanges in Africa, with respectively 923 billion and $ 79 billion market capitalization.
** During the week of January 7 to 14, the star of the index Stock Exchange of Tunis, Tunis SE Tunindex, recorded a historic loss of 12.74% at 4552.80 points against an increase of 2 05% during the previous week.
Consider ways to "curb the competitiveness of divergence between France and Germany." It was the mission that Minister of Industry, Eric Besson, had entrusted to WCC-Rexecode, in the context of reflection on the approximation of economic policies of both countries, dear to Nicolas Sarkozy. This report is presented on Thursday at Bercy by the boss of the Institute of Economic Studies, Michel Didier, Le Figaro which has provided extensive excerpts, is uncompromising on the road that lies ahead.
In the first chapter, the report shall so certify: yes, the French competitiveness has dropped against its neighbor across the Rhine, but it did "not always been the case," says the document.The stall is earliest 2000s.
The report then lists the "Twelve reasons for the competitiveness gap between France and Germany – results of a survey of players on both sides of the Rhine. The answers are pointing the finger both industrial culture stronger in Germany "that the" ability to work together German companies "," proximity between research and industry in Germany, "the" size and financial strength of companies' or still an "ecosystem export-oriented."But these arguments structural "relatively permanent" can "easily" explain the drop observed over the last decade.
Differences in wage costs
The survey COE Rexecode among purchasing managers in detail in Chapter 3 points to the divergence of industrial competitiveness occurred during the last decade, by the factors "other than price, the benefit of German goods – services, delays delivery, product quality, innovative products online payday loans…
Impossible not to watch then the differences in wage costs. Particularly since the introduction of 35 hours … It shows that "the hourly labor costs in manufacturing rose 28% in France between 2000 and late 2007 against only 16% in Germany."And business results: between 2000 and 2007, gross operating surplus in manufacturing rose from 67.3% in Germany and fell 14.5% in France. Suddenly, the margin of German companies has increased while it stagnated in France.
In conclusion, WCC-Rexecode stands five priorities for "a pact of industrial competitiveness." The first, unsurprisingly, "taking into account the imperative of competitiveness in any tax reform."Second, to improve our "ability to work together by streamlining all the rules that govern the functioning of the labor market and in particular anything that forced excessive hours of work", to improve employment management "by giving a greater emphasis on human capital and stability of industrial employment deal with cyclical fluctuations (compromise-wage employment-Hours) "and" focus the training effort and research on linking research industry. " Lastly, "implementation of a strong and urgent action readjustment of industrial costs. The report sets a target to decline 5 to 10% production costs in the industry.
Downward adjustment. INSEE revised its growth figures for the second and French third quarter below what it had previously measured. Between April and June, the economy grew by 0.6% against 0.7% estimated earlier, and 0.3% between July and September, against 0.4%. The downward revision for the third quarter results "including the revision of indicators of business services and public works (…) and indicators of personal services," noted INSEE.
In the third quarter, "domestic demand (…) again contributes positively to growth in gross domestic product (GDP) this quarter," noted INSEE online payday advance. Consumer spending has accelerated over the period, at +0.5% against 0.3% over the previous three months. In contrast, business investment grew more slowly (+0.5% after +0.9%).
Household disposable income as calculated by INSEE has grown faster than the second quarter at +0.9% against +0.8% previously. An evolution that can record a slight acceleration in purchasing power (+0.7%).
The Bank of France expects a growth of 0.6% in the fourth quarter. Over the full year 2010, the French GDP to grow by 1.6%, according to Insee.
The tax reform of the heritage may be a real headache for the government. A working group of twenty parliamentary majority was installed Monday night at Matignon to prepare the ground, but opinions are as abundant as contradictory. Should we abolish the tax shield at the same time that the ISF? This was claimed in October 125 UMP deputies who co-authored the amendment to that effect filed by Michel Piron (UMP, Maine-et-Loire). This amendment, which was rejected, provided in return creating a top slice of income tax, currently ruled by Nicolas Sarkozy, and controversial even within the UMP."These are the richest households to be drawn upon, especially not the middle class, to find three billion euros needed to finance reform," says Pierre Mehaignerie, Chairman of the Committee on Social Affairs Assembly. Signatory to the amendment Piron, Louis Giscard d'Estaing (Puy de Dome) believes that reform will lead to "impose more direct income from assets." But at what rate? As soon as one enters into details, nobody is in agreement.
Liberals are more reserved. "I am wary of tricks Bercy, in the guise of lowering some taxes, increase by changing their nature. Do not complicate things a year and a half presidential, "warns Claude Goasguen (Paris). Especially as the affluent is one of the targets of UMP voters for 2012.His colleague in the Drome, Herve Mariton, one of the few defenders of the tax shield, emphasizes the importance of "secure the political framework" and "do not do crafts." Equally cautious, Philippe Meunier (Rhone), member of the collective right of the People, demand that "the tax varies depending on the amount of the assets."
The abolition of wealth tax is also politically risky, and denounced in advance by the left. A compromise solution is advocated by many UMP (including Claude Goasguen, Louis Giscard d'Estaing and Marc Le Fur) who have been demanding for years the output of the principal residence of the base of the ISF.The president of the centrist Senate Finance Committee, Jean Arthuis, calls him a "big night" tax "Our model of compulsory levies, he says, is completely outdated."
ALSO READ:
"France-Germany match tax
"The tracks to replace the ISF
A cordon citizen "of about 80 people, residents and activists of other corporations, attempted to prevent early Friday morning requisition refinery Grandpuits (Seine-et-Marne) ordered by the prefect.
The police, acting with his bare hands, pushed the protesters to clear the gate of the refinery, and it was during the stampede that people were slightly injured California payday loan lenders.
The law provides that "in cases of emergency when the interference found or expected in good order, cleanliness, tranquility and public safety requires it", the prefect can "commandeer any property or service, require any person required to operate this service.
The 12 refineries in the country are paralyzed and several blocked fuel depots, sometimes temporarily, in actions which have become the main means of pressure in the protest against the reform plans to reduce the minimum retirement age to retirement from 60 to 62 years cheap payday loan .