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Facebook is preparing to finally get a foothold in the mobile phone industry. The social network would indeed reached an agreement with the Taiwanese smartphone manufacturer HTC that it incorporates the social network within its operating system, reports the specialist site All Things Digital quick payday loan.
Comments Off What is the waiting period?
The waiting period is the period at the beginning of the sickness, during which Social Security does not compensate the employee. For those in the private sector, this period is currently three days. They are beginning to reach compensation only from the fourth day of absence. As part of the austerity plan, this period will be increased to four days in the private sector, and one day in the three public functions no fax payday loans. But in practice, only a minority of employees do not receive anything in the first three days, most companies shall bear all or part of the time (see below).
The waiting period have the same impact for all employees?
For many employees, it is painless. According to the Ministry of Budget, 70% of them are covered by a collective agreement that provides for the assumption by the employer of all or part of the waiting period.
Comments Off Holiday, many employees do not know forget their work. Smartphones and laptops supporting a two-mails regularly consult professionals at these times, for many every day. A sign of the growing influence of the company on its employees? Yes, but not necessarily on its own initiative. A recent study * TripAdvisor for an overwhelming majority of its employees addicts (80%) said to themselves, without solicitation particular employer, which in their words do not even expect that that they work during their holidays.
For a majority of these employees, it is to make a first selection of the many emails received in the meantime. A study of Orse (Observatory on Corporate Social Responsibility) published earlier this month, 38% of employees receive because more than 100 emails per day.The study TripAdvisor has to figure as a disturbing one-third of employees, read emails professionals is the sine qua non for a good holiday. "It is clearly of addiction, said Gerald Demortière, doctor. The employee loses the ability to abstain, to free himself from his business, as a smoker of cigarettes. " The desire to control everything, to feel indispensable, the fear that the important things in our absence to play, grow never win.
Burn-out
The vast majority of employees is estimated not to spend less good holiday so far. But this dependency has its drawbacks. "This adds to stress, and does probably not more effective," said Eric Albert, founder of the French Institute of action against stress (IFAS). Worse, these "workaholics" may ultimately psychic exhaustion.
Comments Off While the automotive market is showing signs of slowing in Europe, and by recourse to partial unemployment as its competitor Renault, PSA Peugeot Citroen chooses the hard way. The automaker announced the establishment of an action plan of 800 million euros in cost savings for 2012. To justify this measure, the leading European regrets, under its third quarter, down 1.6% to 9.3 billion euros in sales in the automotive division, mainly because of "the intensifying price war "in France.
Referring to the weight of the wage bill in fixed costs, the group finance director Frederic Saint-Geours found Wednesday morning "quite likely" impact "on all the numbers," which amounted to 205,400 employees.Soon after, Philippe Varin, Chief Executive of the group, said that 10% of the European Non-dedicated to the production could be affected, or 5000 jobs in total. Knowing that in France, with 100,000 employees, temporary workers and subcontractors should be the only ones targeted by these measures he added. By late morning, PSA has already announced in the European group committee deletion of 800 temporary positions in France by the end of 2011, according to a union source quoted by AFP. In addition, Philippe Varin is scheduled to meet soon with Eric Besson, Minister of Industry.
Unions rebiffentLes unions were quick to react to this. These cuts staff have "something outrageous" Bruno Lemerle storm, CGT delegate to the committee of the European Group, deplored the "working conditions already overburdened."And adds: "The financial situation of the company is good [and] there is no reason to go to job losses." In fact, the total turnover of the group grew 3 no faxing payday loans.5% to 13.45 billion euros in the third quarter. It was worn by an increase of nearly 16% of sales of Faurecia, 7.1% of the Gefco and 6.2% of turnover by PSA Finance. The group, however, lowered its earnings forecast for 2011. On the occasion of the publication of its sales figures, the manufacturer announced it is now an operating profit of the car to balance this year when he banked before on a "clearly positive results," said Frederic Saint-Geours.
PSA made no secret of its intention to scale back on the old continent.In mid-September, Philippe Varin have already confided to Le Figaro "Identification of overstaffing," while the European market already slowing. France, Germany, Italy or Spain, the group seeks at once to "get in line" to increase its margins, said Philippe Varin. To do this, the group has initiated a comprehensive economic plan in 2009 (within which the measures of the day), to save 3.7 billion euros in all, drawing on purchases and fixed costs .
Emerging countries in their sights
Meanwhile, the manufacturer seeks to "globalize" more to take better advantage of growth drivers that are "Asia, Russia and Latin America."The group has announced on Wednesday an investment of 200 to 250 million euros a year over the period 2012-2015 in order to double its production capacity in Brazil.
Nevertheless, PSA
After these social ads, the automaker was operating under the sharply higher in late morning, gaining 2.55% to 17.50 euros.
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Comments Off EU summit, the first act. The leaders of the EU started in Brussels on Sunday morning a summit with the goal of trying to overcome their differences on how to stem the debt crisis that is destabilizing the euro area. The meeting began around 10:20. However, no decision is expected at the end of the summit of which the second act is expected Wednesday. This afternoon, the summit will continue with a meeting of Heads of State of 17 countries in the euro area.
Europe is facing economically to "serious challenges", said President of the European Union, Herman Van Rompuy, at the opening of the meeting. He believed that the decisions to be taken by European leaders to address was "perhaps the most important" they've ever had to face the financial crisis.Greek Prime Minister George Papandreou, also felt it was "time" to take "decisive and effective." "It is clear that the crisis (debt) is not Greek. This is a European crisis, "he judged.
German Chancellor Angela Merkel, however, dampened expectations about the outcome of the summit, from the outset, reaffirming that decisions could be taken next week. "For me it is important to reiterate that today we prepare the decisions of Wednesday" because the negotiations are about "subjects sometimes technically very complex, she said on her arrival in Brussels.
"You have to reassure the markets"
For its part, the Belgian Prime Minister Yves Leterme has tried hard not announce anything at all on Sunday, in light of market pressure."It is essential for tomorrow morning at the opening of markets, we have made sufficient progress so as not to jeopardize the credibility of the euro area," he said. Same story for the European partners have not adopted the single currency, which are concerned about the fallout from the debt crisis. "The crisis in the euro area is being extended to all our economies, including that of Great Britain ', launched the British Prime Minister David Cameron.
What response to the crisis the Europeans do they negotiate? This response is intended in three stages guaranteed cash advance. It must first stabilize the over-indebted Greece and save him a total failure. This will require further international loans and losses of creditor banks in the country. Europe the figure to at least 50%.According to the report of the troika (representatives of the EU, the ECB and the IMF), the discount should be 60% to maintain unchanged the envelope of € 109 billion promised to Greece, as part a second rescue plan officially recorded on July 21. "We remain willing to explore options on a voluntary basis [for each facility, Ed] and realistic prospects for the economy of Greece and the return of that country on the capital markets," said Charles Dallara Saturday night , the president of the Institute of International Finance (IIF), which brings together major global banks.
In return, a bank recapitalization is provided. Countries of the European Union discussed a budget from 107 to 108 billion euros at the meeting of finance ministers on Saturday night.
Finally, we must strengthen the Financial Assistance Fund for the euro area countries in difficulty, the EFSF, firewall against the contagion to Italy and Spain. But differences remain on how to do this, especially between France and Germany. Yesterday, the French proposal to grant a banking license in EFSF was discarded. Only two options are being discussed to increase the firepower of the device: the mechanism acts as a partial insurance of the public debt of troubled countries or the IMF is expected to increase its participation in the scheme.
For the summit this Sunday, German Chancellor and French President had also met Saturday night to try to resolve their differences, following a meeting of EU finance ministers. They both welcomed the "progress" and "advanced" made in the negotiations.
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Comments Off "One might think that more French people remained in the Hexagon this summer, which took the train," says David Azema, the Chief Operating Officer of SNCF responsible for the strategy. Between July and September, sales of the travel industry group, which includes the TGV and international routes operated by joint ventures (Thalys, Lyria …) jumped 8.7% in the summer of 2010. Since the beginning of the year, its sales rose 7.1% to 24.19 billion euros, up 5.2% at constant scope and exchange rates.Sales since the beginning of the year is progressing in all areas.
Near the branch, which includes regional trains and also houses Keolis, a subsidiary of public transport, has become the main contributor to the SNCF group with a turnover of over $ 9 billion over nine months, up 6.5% compared to last year. "Proximity" of benefits including state aid to bail out the trains balance of the territory (TET), these unprofitable lines that the state has agreed a year ago to subsidize.
"We are doing better in all branches thanks to the improvement of agreements signed with Réseau Ferré de France, for which the branch Infra work more profitable, but also with the state as part of the TET, said David Azema. Because trains balance of the territory we had last year a loss of 210 million euros.This year, we charge the revenues of the State by this convention. "
A flat on the side of freight transport
However, a shadow appears on the side of freight transport. If SNCF Geodis displays a nine-month increase of 3.8% of its turnover, the logistics sector was down 1.1% in the last quarter. "The activity of Transportation Commission, which worked very well, has declined by 8.7% during the last quarter which is a measure of slower traffic flows between Asia and Europe," says David Azema.
This performance should enable the group to achieve its margin, its leaders do not want to reveal.
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Comments Off From our special correspondent in London this small affable man with a mustache in suit and tie eight months ago was still at the heart of the Libyan regime of Colonel Gaddafi. Chokri Ghanem presided over the national oil company, NOC, key partner for foreign producers. Yesterday and Tuesday, Ghanem was in London one of the guest stars of the annual Oil & Money ("Oil and Money"). For in the oil industry, the former Libyan dignitary has always enjoyed a reputation as a respectable career.
Prime Minister of the Guide, he was the architect of the return of Libya in the comity of nations before being dismissed in 2006. He had the good sense to defect in May, and moved between Vienna (OPEC headquarters where he has long represented his country) and London.It was at Vienna that Chokri Ghanem was the guardian of one of Gaddafi son, Seif al-Islam, which was regarded as before the rebellion, modernization.
With this pedigree, the diagnosis of Ghanem on the prospects for black gold in Libya was carefully listened to by the cream together oil on the edge of Hyde Park. He said Libya will not return to its level of production before the war (about 1.6 million barrels per day) prior to eighteen months while the production may rise to 350,000 barrels a day currently to 500,000 in the coming weeks .
Workers protest
More than massive destruction, looting Ghanem evokes parts and piping of oil installations. Two thousand and 4×4 have gone, stolen by the rebels or simply stolen. But the main problem, according to the former official, is the lack of security of oil fields.Added a new unimaginable before the war: the oil workers increasing protests and claims.
A fellow Ghanem, Abdallah Salem el-Badri, the current Secretary General of OPEC, also present in London, is more optimistic. He expects a return to 1.6 million barrels per day within a year. Neither of the two Libyans anticipate any changes in short-term contracts with the "majors" Foreign strong support for Libya.
Chokri Ghanem there a future in the new Libya? "I do not think it's a good idea to go," says the former "Mr. Oil" Gaddafi by announcing months of instability. Far from Tripoli, he just turned 70 years old and aspires to peace.
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Comments Off TF1 and Canal + are about to conclude their negotiations for the recovery of the non-exclusive news channel LCI. The parties are agreed on a price higher than the 5 million euros per year initially proposed by Canal +.
After months of standoff, the two operators have approached. Already on Friday, Frédéric Mitterrand, the Minister of Culture and Communication, has publicly that the government did not favor the passage of the LCI DTT to DTT. A position at which the staff of TF1 was more sensitive than the Higher Audiovisual Council has continued to increase, too, signs of reluctance.
Indeed, it is the regulatory body that should have given its approval to such an operation.The CSA has raised the legal difficulties of such an operation and would not have appreciated the statements of Catherine Nayl, director of information at TF1, the possible disappearance of LCI. Today, Canal + and TF1 prefer calm the game's announcement of the acquisition channels Direct 8 Direct and Star by Canal + and that the record fine imposed by the Competition Authority as part of merger with Canal + GST urged to be more generous towards ICL. It would not be good for the group to be, in addition, responsible for the eventual death of the continuous news channel.
For its part, TF1 has weighed the pros and cons of an economic transition to free when the system always loses 5 million for a budget of 43 million euros. The move to free distribution would have widened the gap in the chain up to fifteen million.Difficult to take a risk in times of crisis.
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Comments Off Meetings on Greece and are very similar, a little. Following a meeting which ended yesterday, the finance ministers of the euro area have not taken any decision regarding the granting of the next tranche of 8 billion euros to Greece vital for the country.
The ministers of the Eurogroup, however, managed to find a compromise with Finland, the day after his election, had demanded of the counterparties to its participation in the second aid plan Greece's 109 billion euros decided July 21 last. Thus, the collateral will be provided in exchange for loans to Greece, said on Tuesday the Finnish government.
Efforts required to Greece
• The Eurogroup requires additional budgetary efforts of Greece, who said the day before not being able to meet its commitments to reduce its budget deficit."We call on Greece to take additional measures" in terms of savings for 2013 and 2014, thus going beyond those that have just been announced for this year and next, warned the president of the Eurogroup Jean-Claude Juncker. The euro area also recommends Athens to undertake more privatization of companies.
Increase the contribution of banks
• The President of the Eurogroup has also raised the possibility to contribute more financial rescue banks from Athens. Institutions might also undergo a discount greater than 21% of their claims previously considered Greek. There will be "technical revisions" on the subject from what was decided on July 21, he said.But Jean-Claude Juncker warned that "the involvement of the private sector, we must take into account the fact that we have experienced changes since the decision of July 21."
New missions Stability Fund
• And the ministers have suggested to increase the firepower of its Financial Stability Fund (EFSF). Ministers plan to make the fund more "efficient", as demanded insistently the U.S., but refuses however to increase its volume. This fund could help and use of leverage.
In this way, the mechanism would be allowed to use debt to leverage its ability to act. Several scenarios are circulating, the EFSF could turn into a bank that would finance itself from the European Central Bank (ECB).It could also act as an insurer from the holders of debt and cover their losses at 20% to 25%. Options involving the ECB should not be privileged ones, said Jean-Claude Juncker, without giving details.
The Eurogroup is reassuring
After the meeting, ministers have played the card of appeasement. The Eurogroup President said that Greece would be "able to fulfill its obligations" financial. He reiterated that a "failure of Greece will be avoided, adding that a person contemplates leaving Greece in the euro area."
He says that "final decision will be taken in the month of October" based on the findings of the creditors of Greece currently deployed in the country. The meeting between Nicolas Sarkozy and Angela Merkel in Berlin on Sunday planned should also do more advanced discussions.The Franco-German meeting will also prepare for the forthcoming European Council and the Eurogroup meeting on 17 and 18 October in Brussels.
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Comments Off Washington.
A symbol. Barack Obama has surrounded himself Monday police, firefighters, construction workers and teachers whose jobs are threatened by future budget cuts planned by local authorities. During a speech in the Rose Garden of the White House, the president wanted to highlight those businesses that affect the American electorate to sing the praises of his new stimulus plan announced $ 447 billion last week.
"This plan will help our economy in times of crisis … The Congress must immediately pass the American people can not afford to wait fourteen months before we do something," said Barack Obama referring implicitly to the date of the next presidential election in November 2012.The "American Jobs Act" – the name of law – must be voted without the "little games" or "party politics," warned the president that does not want to relive the psychodrama of the summer, with negotiations on raising the ceiling debt.
The Head of State argues that thousands of jobs in public services will be saved if its plan is quickly passed. It provides for $ 130 billion transfer of funds to states to avoid redundancies of civil servants, restoring schools and launch infrastructure projects. The main component of the plan is, however, on $ 175 billion relief of charges paid by employees.Small businesses will also benefit from 65 billion to reduce charges to encourage them to hire.
Still refusing to go into details, the White House maintains that the financing plan will be covered by savings elsewhere, or additional revenue. We should know more on Sept. 19, when the president will submit proposals to the bipartisan Congressional commission tasked with identifying 1.5 trillion dollars in budget savings over ten years. The Director of Budget at the White House, Jack Lew said the President would propose 467 billion in savings.
"It is likely that there is an agreement"
Analysts do not believe that the White House manages to be adopted by all the parliamentarians of the recovery plan proposed. But a compromise seems to be emerging.In particular, the Republicans are seduced by the proposed reduction in charges paid by workers and small businesses. "In my view, it is likely that there is an agreement. The key measure will be tax cuts for small businesses … that we will bring the total plan of around 250 billion dollars, "judge Greg Valliere, chief of the Strategic Policy Advisor to the Potomac Research Group.
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