Archive for the 'economy' Category
The number of reports of providers of solidarity tax on wealth (ISF) and the expected revenues are up slightly over 2008, with nearly 562,000 returns, according to figures released Wednesday by the Budget Ministry.
In early July, the number of Declarations owe ISF stands at nearly 562,000, against 539,000 the same day last year, and the amount of total tax amounts reported this year 3.29 million against 3.13 million during the same period in 2009.
"These initial results on TFR must be confirmed by definitive and comprehensive statistics to be established in early 2011, the ministry said in a statement.
Moreover, the tax cuts provided by law for labor, employment and purchasing power increased by 16.7%, representing 838 million euros against 718 million in 2009, for a total reductions of 140,043 for investment in SMEs (small and medium enterprise) or donation to a charitable body (102.000 cuts $ 718 million in 2009).More than 1.1 billion euros have been invested in the equity of SMEs, according Bercy.
Airbus and Boeing have set the tone from the first day of the Farnborough Airshow on Monday after announcing several large orders, confirming the realization of the renewed confidence of airlines.
Based on list prices, purely indicative, orders placed by the two manufacturers accounted for a turnover of about 23.65 billion dollars (17.85 billion euros) in the middle of the afternoon.
While Boeing has logged 70 orders for aircraft for a total of about 12 billion dollars, Airbus announced Monday it had received 122 aircraft orders totaling nearly 11.64 billion. In detail, the Russian airline Aeroflot has placed an order for 11 A330-300, or approximately $ 2.34 billion.(See
Air Lease Corp., a company leasing and financing aircraft, confirmed it had ordered 31 Airbus A320s (2.52 billion dollars) and 20 A321-200 ($ 1.91 billion), representing a total 4.43 billion for these 51 aircraft no fax cash loans.
"In the current environment, reducing operating costs and fuel consumption, respect for the environment and maximum operational flexibility, are also advantages for the airlines. The latest versions of the Airbus single aisle family go far beyond the highest standards, "said Steven F. Udvar-Hazy, CEO of Air Lease Corporation.
Another company leasing and financing aircraft, Gecas, a subsidiary of General Electric, bought 60 A320 family aircraft for an amount valued at about 4.88 billion dollars.Earlier, Gecas Boeing announced an order for 40 new generation 737s in a transaction valued three billion dollars.
The U.S. giant has also received a command that could exceed nine billion dollars for 30 Boeing 777-300 from the Emirates.
In addition, Boeing has said that India could gain 10-12 additional Boeing C-17 plus 10 already planned.
The entries of migrants to OECD countries declined by 6% in 2008, dropping to 4.4 million people. While in the previous five years, their numbers had increased by 11% per year on average, according to the latest OECD report on migration. The decline was further strengthened in 2009. The immigrants were, in many countries, the first hit by rising unemployment, particularly youth and those working in the sectors most affected by the crisis such as construction or hospitality.
OECD urges in this report on the need for States to strengthen their immigration policies which will play a crucial role in the long term to enhance growth."It is important to note that immigrants make a positive contribution to the national economy, especially in times of growth," remarks the Secretary General Angel Gurria free credit report.
And because of demographic changes and shortages of future employment, especially in health and engineering. Thus, maintaining immigration rates at their current level, the population of working age in OECD countries will increase by only 1.9% in the next decade. A percentage that contrasts with the 8.6% recorded between 2000 and 2010. The situation is even worse for France, which will decline by 1%, despite good numbers of births. The reason is that France has one of the highest immigration rate lowest in the OECD.
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This is a first since early 2010. In the month of May, the French have spent more money on their livert A investor.
According to the Deposit and Consignment Office (CDC), withdrawals exceed deposits were $ 310 million. Net inflows (deposits less withdrawals) remains positive on the first five months of the year of 2.49 billion. In late May, are deposited on the Livret A, held by 50 million French people, amounted to 187.4 billion euros.
For its part, the booklet Sustainable Development (LDD) has seen its assets (deposits) to fall by 460 million euros in May
The rate of the Livret A, which is the same as LDD, is blocked since 1 August 2009 to 1.25%, the lowest level since its inception in 1818. However, it should be increased to 1.5% or 1.75% on 1 August, as announced by the Minister of Budget Baroin.
Even increased, the rate will remain below the 4% achieved two years ago.
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LE FIGARO – The backbone of "retirement" is specific to staff align their contribution rate over that of private sector employees. Why?
Georges Tron – We want a clear and equitable reform. Nothing justifies to contribute three points behind, having comparable pensions. This represents an increase of 6 euros of contributions, on an average salary of 2000 euros a month for ten years.
The calculation of the pension on the last six months of salary, instead of twenty-five best years, is also a symbol of inequity for the opinion …
Wrongly so, if you look calmly at things! We are in a very specific body, grades, levels, indices, with premiums that are excluded from the calculation of the pension.The only question worth asking is: these rules they generate large differences in pay and pensions? The answer is no.
Why have kept "active groups" instead of applying to civil servants the opportunity to retire early for hardship, which will soon be applied in the private sector?
Occupations in uniform (police, firefighters, prison guards …) can effectively retire at 50 or 55 years. It is an old way to take into account how hard these jobs, which nobody denies. The classes are kept active but these floors will be carried over age two years, as for everyone.
You open next Friday, a salary negotiation. Bercy pushes you to a freezing point index.The 0.5% increase for July 1, promised two years ago by Éric Woerth, Will it be good?
While it is important to keep its commitments, we must be lucid about the state of public accounts. This first session will assess the progress of the purchasing power of workers in 2009 and expected for 2010. Based on this diagnosis, I hope shared with the unions, we will be open to discussion. One thing is certain: the issue of pensions is, Eric Woerth and I disconnected from that of wages. There is no question of compensating the first by the second. This would immediately cancel the legitimate efforts and gradual asked officials on pensions, that nobody would understand.
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While on Monday the confrontation between indicators showing continued recovery and increased uncertainty about the outlook for next year has generated a surge in "volatility of volatility". Yesterday, the CAC 40 was chained up its fourth session in a row. In the wake of Wall Street in early trading. Then took a dramatic turn Mood'ys severely degraded note of Greece, four notches. The rating agency believes that the rescue plan launched by the country is useful but that accompanying measures are risky. Therefore, the U.S. indices swung around and eventually declined.
So, this Tuesday, the atmosphere should be more tense. The CAC 40, which finished above 3,625 points on Monday, is expected to open in fall Tuesday morning.
The euro was maintained slightly above $ 1.22 on Tuesday morning.For Herman Van Rompuy, Chairperson of the European Council, "the markets have been too lenient in the first ten years of life of the euro, now they do overreact to minor incidents."
Zew, unemployment in Europe and U.S. industry to follow
In the EU, new car registrations in May will be announced at 8:00, then unemployment in the euro area in the first quarter to 11:00, at the same time that the figures on foreign trade in sixteen countries.
Another important figure on Tuesday, the barometer Zew German, regarded by most investors worldwide.
In Strasbourg, European Parliament, held today a press conference of the European Commission issued its opinion on the efforts made by twelve countries, including Spain, France, Portugal and Germany, to reduce their deficits excessive.
In the U.S., the import prices in May will be announced at 14:30, and industrial activity in and around New York for the month of June
Electricity: Bill Nome voted today
EDF, GDF Suez and Poweo could hold the attention while the National Assembly must vote on the bill Nome on the organization of the electricity market.
According to the Socialist deputies, this reform will result in an increase of 11% to 15% of electricity rates for individuals.An interpretation strongly denied the meeting by the Minister of Ecology Jean-Louis Borloo: "I heard here and there that there could be increases in fares. Of course not! "
France Telecom's Orange will now be able to practice cross-selling, the Competition Authority has ruled on Monday that he could, like its competitors Bouygues Telecom and SFR, use it cross his client files and mobile Internet, so far apart.
Such notice "limit the competitive disadvantage imposed on France Telecom" which, as operator of history, is subject to a number of constraints by the competition law, the group responded in a statement.
Video Games This opens Tuesday in Los Angeles at E3, the world exhibition of video games.To be followed, any announcement on the sector.
BanquesNicolas Sarkozy and Angela Merkel will militate G20 for the creation of a tax on banking and financial transactions. The idea of an economic government of the 27 has also been mentioned.
The Societe Generale bank maintains its investor day on Tuesday. She said Monday night that forged a business alliance in the securities business with U.S. Bancorp Fund Services, a subsidiary of U.S. Bancorp U.S. bank.
Discussed Tuesday by "government sources" quoted by AFP, the tax "special" on incomes over 11,000 euros per month to finance retirement, lived. If that threshold had been applied by household income, a couple of executives earning 5,500 euros each have been struck. A level consistent with the definition of "rich" François Hollande (PS) but remains visible in the middle class for Nicolas Sarkozy. The government is therefore seeking a way to help high incomes.
Among the possibilities is a slice of the additional income tax. This is part of decisions that must still be taken as setting the new age. "For the public finances, better go to 62 by 2018 (or extension by a quarter per year) to 63 years by 2030," argues a government source.Way to break in the speech? Response no later than Wednesday, with a press conference of Éric Woerth. The head of the state will not talk about retirement at this point.
The new head of British diplomacy began Sunday evening in Paris on a tour that continues this week in Rome, Berlin and Warsaw. He gave his first interview with Le Figaro in the European press.
LE FIGARO. Largely eurosceptic Conservative Party, to which you belong, has concluded a coalition agreement with the Liberal Democrats, favor, they, to a rapprochement with the EU. What will your European policy?
William HAGUE. This is good news for the EU that we have heard over five years with our coalition partners. This was not the tradition in Britain to have a fixed maturity term of office. The next general elections will be held in May 2015. For our European partners in particular, that political stability should be a good omen.With the Liberal Democrats, it was not difficult to determine what our European policy: this is further good news for the EU, because we will be predictable. The course is set for the next five years: we intend to be extremely active in European affairs so that the EU can collectively weigh in the world. We will also be very active to help European economies to recover growth, create new jobs and new businesses. We'll be tough negotiators, but is not that we should expect from any government?
The economic crisis, financial, monetary and across Europe requires its members to further cooperation. How far will you go on the path of solidarity?
We do not belong to the euro area and we do not rejoin, as stipulated in the coalition agreement.Neither partner will do the same proposal, as long as this agreement. But as David Cameron has said a euro zone healthy is in our interest. We do not want to be part but we hope it contributes to the financial stability of Europe. It is very important to us. Regarding the financial support that Britain could make to the euro area, our position coincides with that of the government of Gordon Brown. Our country faces the heaviest budget deficit in history (aside from the period of world wars) and the priority task is to reduce the deficit to a level where it can be controlled.We are not able to provide other financial guarantees.
So you exclude from participation in a support fund for countries of the euro area in trouble?
The government that preceded us had agreed to participate in one of these funds a few weeks ago. We will assume our responsibilities in fulfilling this agreement. But we will not be dragged further into the euro area. This is not what the British want from their government. It will not offer more than what has already been proposed.
Do you negotiate opt-outs with the EU?
We will discuss with our partners in government. As indicated in the coalition agreement, we want to limit the application of the directive on working time, which we consider too restrictive in Great Britain.We also wish to pass a law requiring a referendum if a future government would go further transfers of sovereignty to the EU. There was a lot of institutional changes in Europe and debate. We must now ensure that the institutions function, can improve economic performance, extending the single market and cooperation in foreign policy. Let us focus on concrete achievements rather than engaging in a new institutional debate.
A bounce or a deepening of the crisis could lead to more regulation. How would you react?
We certainly need to improve how we regulate the banking and financial services. But further regulate the labor market and the business would be in the wrong direction. This is the traditional view of the British.The crisis has again highlighted. We say: Great Britain is open for business. Our next budget in two weeks, will reaffirm the years to come. We hope that our European partners adopt a similar approach.
The EU's foreign policy is lacking, according to you, "determination and consistency." What will you offer?
The situation in Gaza shows that Europeans must contribute to the relaunching of a peace process. All solutions to ensure the delivery of aid to Gaza and trade require a form of international assistance and there is a role for the EU. European nations, when they speak together, can have a particular impact. That the Israeli government to decide whether to accept the fact-finding mission to which France and Great Britain are favorable.In a situation like this, we must unite our capabilities. It is also the case for Iran. We work closely with France to allow the adoption of new UN sanctions. We also want to discuss additional EU measures. Again, the Union can demonstrate its collective weight.
Are there still you think a "special relationship" between Britain and the United States?
Yes, this special relationship exists. I called the alliance indivisible. It is expressed through a wide range of cooperation (diplomatic, military, nuclear, intelligence, economics …). Great Britain and the United States is still the largest investor in the partner. But it is not for us to choose from competing in Europe or France. Both relations, transatlantic and European natural fit.
Afghanistan is a priority.Can you do better than the government of Gordon Brown?
We need a viable political process at the same time that military progress in the field. Of course, it's difficult, but we must remain faithful friends. We will remain strongly committed to Afghanistan. The worst would be to leave an uncertainty reflected in our action. This would only strengthen those who do not want a future of peace. The question is not whether we will continue to make our contribution but how we will.
With France, cooperation in defense looks promising?
We already talked with our counterparts in French when we were in opposition. It is still too early to make announcements: the review of our strategic policy and defense completed in the fall. But we are very open to new ideas and a closer cooperation.David Cameron and Nicolas Sarkozy have already established between them a great working atmosphere. We have many things to do together to ensure the growth of our economies, develop civil nuclear power or act in the field of immigration. The fact that the Prime Minister and I have chosen to perform in France our first bilateral visit abroad shows the enormous importance that we attach to these relationships.
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Back to basics for Lakshmi Mittal. The Chairman of ArcelorMittal, the fifth World Fortune has signed a Memorandum of Understanding for the construction of a steel plant in India, Karnataka State, south of the country. A mammoth project with an annual capacity of six million tonnes which would require more than 5 billion euros of investment. In the crosshairs, the Indian market: "India needs more steel and we must take part in this growth," said Lakshmi Mittal.
It was a long ArcelorMittal looking to implement a major project in India. A similar agreement was thus created in 2006 to develop a huge site.The state of Orissa, north-east, had been chosen, but since the group steelmaker hardly be allocated land by local authorities.
Beyond the financial aspects, this new project is a highly symbolic Lakshmi Mittal. He might be born in Rajasthan, have raised and educated in Calcutta, the wire was broken long ago with his country of origin. If he cut his teeth in the small mill of his father, the tycoon starts very early in the assault on lucrative opportunities abroad. In Indonesia, Trinidad and Tobago, Mexico and Kazakhstan that makes the group a family empire of steel.
Other projects in northern India
The gap is widening even further in 1994 with the partition of the group.Lakshmi, his father and his two brothers did not agree and the company is split into two faxless pay day loans. In Lakshmi operations abroad to the rest of the family, the Indian Affairs. Since, like Anil and Mukesh Ambani, the richest two brothers of the world settle their disputes before the courts, Mittal have all the trouble in the world to reconcile. Incommensurate with the billions earned by Lakshmi, his two younger brothers were still able to grow and it is not uncommon for the two groups are fighting the same markets. Africa was the setting for these quarrels, in 2004 or 2008 in Liberia and Nigeria.
Gradually, Lakshmi was thus cut off from India. Yet holds an Indian passport, he could never win in his homeland.Stamped "NRI", acronym of Indians living outside their borders, it has long been criticized for its lack of involvement in Indian affairs. Ask in the streets of Bombay Indian captains of industry, the name of Mittal will systematically swept under the carpet, at the expense of the brothers Ambani, Ratan Tata or India's Richard Branson, Vijay Mallya.
With this comeback, Lakshmi Mittal India regilds therefore its image. Especially since the Indian adventure should not stop there way. In addition to this mill, ArcelorMittal plans to inject more than $ 20 billion in other sites in northern India.
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