Archive for the 'world' Category
P & T are back! As of Monday, fetching their stamps to the Post, the French can also buy a mobile phone package. After Virgin, Auchan, NRJ and the CIC, La Poste launched into the deep end of the phone and returned to his first love. The group will formalize its new offer on Monday morning for the general public in an office of the seventh arrondissement of Paris.
The state shareholder of the Post Office insisted that the tariffs encourage the purchasing power. The offer is built packages blocked packages "voice" and SMS packages and web. Their prices will be aggressive, with voice plans starting from 10 euros a month for 30 minutes or SMS packages, Internet, unlimited emails from 21 euros for two hours, depending on the comparator EDCOM Internet. To bring prices down, the Post Office will be offering "naked" without a phone, with a package in return for cheaper.It should thus not to market the iPhone.
For the Post, this launch is strategically at a time when mail volumes are declining. It comes as the group announced the refocusing of its business in offices on its historic businesses: mail, parcels and bank. Finished stationery, gift boxes, DVDs, books …
La Poste, which is already the leading provider of prepaid cards in France with 500,000 customers and 120 million euros of turnover, is 800,000 mobile customers in 2012. She wants to reach 2 million customers and 500 million euros in turnover in 2015. "This project does not create jobs, worries already Nicolas Galepides, Federal Secretary at SUD-PTT.If this is not the expected success, what will happen to the 3,000 officers who have now agreed to spend most of their time selling phones? ".
Partnership with SFR
In Italy, Poste Italiane has made the same bet, betting also on the strength of its network of 14,000 outlets. In 2007, she launched PosteMobile, becoming the first postal operator in the world to get into the mobile best payday advance. Today PosteMobile claiming almost 2 million SIM cards and a first gain of 5.5 million euros last year. "Apart from the Italian Post, no other major European position has not launched a large scale in mobile telephony," said Guillaume Lacroix, director of postal operations to Arcep. But it is quite logical.French and Italian positions are the only two to have retained the business of banking and at the same time, a very important office network that requires them to develop new activities to absorb heavy fixed costs. "
The Post, which has no network telecom borrow the SFR, with whom he established a joint venture: Post Mobile. Why SFR assistance he and a competitor to gain a foothold in the market? On the one hand, it will affect the profits of the joint venture on the other hand, he will receive the rent for the lease of its network. On the other hand, the great rival SFR is not feared by the Post, which enters the bottom of the market, where positions are held securely. It's Free, who will attack the top market, where the battle is still alive.Finally, SFR, rather strong in the cities, the Post hopes to make its armed campaign to conquer and to counter Orange.
The main advantage of the mobile unit is in fact a network of 17,000 outlets gill France. Tenders will be initially available in the 1000 largest post offices. But the biggest reservoir of customers lies more in rural areas. One key to the success of La Poste Mobile is also the speed at which it will be able to extend its offer for its entire distribution network.
Another issue: what is the role of La Banque Postale in this adventure? It seems for the moment few involved. Yet the success of CM-CIC Mobile, which just passed the 900, 000 active clients and 200 million euros of turnover, showing that banks are legitimized to sell the mobile. And the bank leverage, it could attract young people.
It was only called reform, but the mobilization of EDF employees in particular have been enough to reverse the direction of the electrician.
Monday, LEU (French Union of Electricians), which represents an area heavily dominated by EDF and GDF Suez announced that it would not implement tariff reform agents put on the negotiating table last February. But on April 7, to call their unions, employees of the electrician had made a real show of force: almost 60% of them went on strike on behalf of the acquis, mobilization much higher than that observed during movement on pensions fall, for example.
Monday LEU advanced cautiously that "reform conditions were not met."Exit, therefore, the development plan benefit enjoyed today 300,000 homes for active and retired officers of EDF and GDF. Currently, their bill is 5% or 10% of the price paid by the general public. The proposed reform would not cause the end of February to catch up with, but at least to change the tariff agent in parallel regular rates. Ultimately, according to projections, an EDF employee would have paid its electricity around 20% of the price charged to the individual lambda.
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After France, Germany. The support of Nicolas Sarkozy to Mario Draghi should accelerate an official position in Berlin, which will be decisive to the European Council in June If Angela Merkel Knights turn Mario Draghi, the Italian's appointment is granted. If she vetoes, even verbal, post escape him.
According to relatives of the Chancellery cited by the business press, Angela Merkel is more qu'embarrassée by the statement by Nicolas Sarkozy, who allegedly caught short once more."The government will decide on possible candidates in a timely manner," said the spokesman for the German government.
"The decision on the successor of ECB President Jean-Claude Trichet, will be taken at the next EU summit," said Steffen Seibert.
Contrary to his finance minister Wolfgang Schäuble, Angela Merkel believes that the arrival of an Italian to the position of treasurer general of Europe would be an indefensible decision against the German public.
"At any price this Italian!"
The popular press, leading Bild, has continued to point the finger at the overspending in the South."At any price this Italian! "Until recently headlined the tabloid Berliner, who does not hesitate to denounce tax evasion in Greece and the taste of the Italians for inflation.
The euro crisis has revived the Germans the trauma of abandonment of the Deutschmark, for countries of the "Club Med" they never considered worthy of the single currency. At the time of the creation of the euro, Germany was suspicious of accounts of Italy … In this context, the appointment of Mario Draghi, capable and respected as it is, at least appear iconoclastic in Germany .
However, the application of the Italian made his way into the German political circles. After having praised the German economic model in the press Frankfurt, Mario Draghi has managed to win support weight in the person of Wolfgang Schäuble, who has the ear of the Chancellor."Schäuble enjoys good reputation Draghi as central banker, his integrity and personality," says a senior official in the Handelsblatt.
More than the opinion of Wolfgang Schäuble, is the support of Nicolas Sarkozy puts Chancellor in a difficult position. Exercise a veto Draghi's candidacy to head the ECB might trigger a new crisis in the euro area and create a damaging conflict with France, even as relations between Paris and Berlin were severely affected by denial Germany to support the UN resolution on Libya.
Twitter to keep its territory, San Francisco has agreed to reduce its withdrawals. The dynamic Internet group threatened to leave town if he did not get an exemption from tax assessments. The municipality sold late last week. "The town where we grew up and started our next house will remain," announced on the blog's group communications manager, Sean Garrett.
Twitter threatened to move from Brisbane, a town in the suburbs south of San Francisco, closer to the heart of Silicon Valley, where the headquarters of many groups and start-ups on the web. The CFO of Twitter, Rowghani Ali, believed a move would allow the group to save 30 million dollars in taxes, rents and other expenses over the next five years. "A significant difference for a company our size," said Ali Rowghani.According to eMarketer estimates, the turnover of Twitter totaled $ 45 million in 2010.
San Francisco did not want to lose the company that is revitalizing its image. Twitter has played. "Our growth is able to generate the creation of a true business center in our area," argues Ali Rowghani. The municipality has decided to grant exemptions from social contributions for new employees for companies that locate in certain neighborhoods in decline pay day loans. Twitter, which has 400 employees, plans to have nearly 3,000 in 2012.
Tax on wages
The municipality, it is true, remains unwelcoming financially for Internet groups. It is the only California tax corporations based on employees' income.Companies paying more than $ 250,000 in payroll is subject to a fee equivalent to 1.5% of the sum. Moreover, this tax applies to all forms of income, including profits realized on the resale of stock options, says the New York Times. This form of remuneration is very popular with start-ups and other Internet groups.
After facing the group sold microblogging, San Francisco is now facing demands from other companies. Specialist Zynga games online community, which produces Farmville, complained of this privilege and threatens to turn to leave the city. The New York Times, "legal services in the city now planchent exemption from taxes on wages covering the whole surface of the city."
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Enters the digital manners but the paper remains a mainstay for news readers. Over the last three months, 42% of them have downloaded or streamed digital press on websites, against 58% who did not plunge, according to the third barometer REC conducted by the institute GfK France. In digital players, 53% of their time is devoted to digital media, against 47% in the paper.
"These numbers are slow to change, says Philip Person, entertainment director at GfK. But not all news readers are gradually converting to the new media, much faster than readers of books, which are only 10% download e-books. "In terms of intentions, 47% of respondents plan to upload or to consult the digital press in the past three months. 22% consider applications via mobile phones or tablets.
The changeover is very real, but it is far from total. Only 11% of those who download or access the online press no longer use paper. Complementarity emerges among the clipboard and digital press. But she has yet to fix, as offers of pay information online will require changes in behavior.
Dailies favored
The news broadcast by the general news sites attracted 6.6 million daily users, according to the statement Médiamétrie in March. In their research online, 79% of readers prefer digital sites of national newspapers (Le Figaro, Le Monde …), far ahead of those of the regional daily press (Ouest France …) and news magazines (L'Express, Le Point …). Normally, they are the ones that produce the largest share of the supply of online content."The information is very diverse, both in terms of themes that treatment modes, flash and gross factual background folder, via blogs, etc.." Noted Jean-Marie Charon and Patrick Le Floch, authors of The Press online. "In times of hot news, as during the events of recent times in Japan or in Arab countries, people need to know what is happening and quickly," says Philip Person. The Internet has become a tool to meet this demand. "
In recent weeks, Archos, the group specializes in digital tablets midrange was quite surprised markets positively. Accustomed to receiving positive signals about the group's business, investors were more sensitive to the details surrounding this Tuesday announced the launch of a capital increase of nearly 26.5 million euros for largely to fund growth, but also to clean up the group's finances.
Croches Henry, the founder and manager does not Soucre
The reasons for the transaction are clear, namely the prepayment of a loan of 5 million euros in annual interest rate of 20% (due late 2013), and development in new countries.But the absence of any warranty is enough to frighten investors, while even Crohas, the founding director of the company, has announced his intention not to subscribe the capital increase, and let its shareholding in his company go from 16.31% to approximately 13%. "This is not the subject of a bank guarantee. Furthermore, no shareholder of the company has made a commitment underwriting, "said the statement issued last Tuesday morning by Archos.
To date, and except Crohas, Archos has no reference to its shareholder capital. None has more than 5% of the round. This may explain the lack of commitment from all minority shareholders, and therefore potentially less affected by the strategic aspect of the operation.Crohas, despite its non-subscription, also keeps his hand over 13% of the capital, which negates the potential for him to lose control of his group.
But the signal sent by an officer (who is the founder) market is still frowned upon by investors, who see there is a lack of confidence about future activity, is a sign of personal financial concerns from the leader in question. Result, the title Archos lost more than 12% at the Paris Bourse, to 7.54 euros. Contacted, and traveling abroad, Crohas could not elaborate on the reasons for his choice, which was not likely to reassure investors no fax payday loans.
A risky operation after soaring title
Because of this last cold spell during the Archos: the subscription price.Admittedly, the title has exploded in recent weeks (+87% since January 1), in the wake of the sales figures of the group. But the premium offered, approximately 26.5% over the closing price on April 15, should convince shareholders less than the 45% offered in December 2009, during the last capital increase (19.4 million euros ). Moreover, to 6.50 euros, the transaction turns now more risky for the potential subscriber, especially after such a rise in the stock. For example, last fundraiser in December 2009 was made at a price of 2.2 euros. The subscription commitments had now reached 75%.
The financial markets fear an obstacle to development
The operation seems to meet today many risk factors. No guarantee of success, and especially the obligation to reach 75% of amounts pledged."If the threshold of three-quarters was not reached, the transaction would be canceled," says besides Archos. This would mean a stop to its financial development, very detrimental to a growing market where latecomers are fast behind. A scenario that seem to fear the operators on Tuesday.
These should be particularly careful in the coming sessions in progress, then at the end of the operation. The subscription period which begins April 21, will run until May 4, inclusive, for a settlement of shares expected May 17 This fundraiser is with maintaining the preferential subscription rights, five old shares entitling to one new share. And if the capital increase met a strong membership, unlike that suggests the market reaction on Tuesday, its amount could then be increased to 30.42 million euros.
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After finishing the week on a positive note, U.S. stocks finished Monday on a more cautious note. The Dow Jones gently takes 0.19% to 12,400.03 points at closing, its highest closing level in almost three years. The S & P advance of 0.03% to 1332.86 points. Nasdaq displayed him in negative territory: -0.01% to 2789.19 points.
Macroeconomic side, no major event was expected during this first meeting weekly. Investors took the opportunity to take profits while international events, including Libya. offered no incentive to take risks. Two weeks after the start of the international intervention, the United States has decided to extend their strike on Libyan soil, after a weekend still marked by intense fighting between rebels and supporters of Muammar Gaddafi at the gates of Brega.
Tensions that, coupled with improved labor market in the United States, continue to support the inflation on oil prices. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery ended at 108.47 dollars, up 53 cents from Friday. In London, the Intercontinental Exchange, a barrel of Brent North Sea gained 2.47 dollars to 6:45 p.m. GMT at 121.17 dollars, after having crossed the threshold of $ 120 for the first time since August 22, 2008.
As for currencies, the euro was stable against the dollar Monday after being temporarily mounted to its highest level in five months, as investors anticipate an increase in rates this week the European Central Bank (ECB). At the close in New York, the euro was worth 1.4216 dollars, against 1.4225 Friday around 23 hours.
As for values to follow
Oil giant BP (0.53% to 45.90 dollars) could soon resume its drilling in the deepwater Gulf of Mexico by this summer, according to the Sunday Times on Sunday. Information denied by U.S. authorities.
According to Aurel BGC, the activities of consumer credit from Citigroup (-0.45% to 4.43 dollars) have managed to attract three groups of potential buyers: Blackstone, Carlyle and Brysam Global Partners form the first consortium interested, Clayton Dubilier Onyx & Rice and the second and JC Flowers and Apollo Management on third.
The stock exchange operators Nasdaq OMX (-2.76% to 27.45 dollars) and InterContinental Exchange (-0.71% to 118.90 U.S. dollars) were also under surveillance, after bidding on NYSE-Euronext, already in sight Deutsche Börse.
The French pharmaceutical Sanofi-Aventis announced this morning that it had closed its successful bid for the U.S. biotech Genzyme (+0.39% to 76.31 dollars), after collecting 84.6% of the shares of its target. The offer, ended April 1, however, reopened this morning and for four days (until April 7 to midnight), to allow for latecomers or undecided to give their titles.
The Minister of Youth and Sports welcomed us in adjacent rooms at the stage of Marrakech. Before answering our questions, he took a few minutes to finish a chat with young surfers on his Facebook page. "For nearly four months, it scans the current social, economic, political and sports every Tuesday from Morocco," explains Rashid Maaninou, Inspector General of Ministry of Youth and Sports. While the country is already host to the African Cup of Nations (CAN) in 2015, the Minister gave an update on the outline of the professionalisation project of Moroccan football.
Lefigaro.fr – Where is the professionalisation of African football?
Moncef Belkhayat – It is now clear that Africa is lagging behind. The only country on this continent is professional in South Africa, host of the last World Cup in 2010.In addition to Morocco, Algeria, Egypt and Tunisia are closer to get there. This requires a large dynamic range and great political will.
This political will is there she in Morocco?
Yes, and we now have a legal arsenal to create what I call a sports economics. With the Royal Moroccan Football Federation, we have prepared a bill with orders that will be applied on September 30. The Federation has in his possession a specification that will provide all clubs of first division football. We will then raise the clubs in this project and make them aware that they have until June to sign it.
Be considered as professional clubs will have a stadium of at least 15,000 seats, a budget of at least 1 million euros, a school for training and financial support of local and private investors . Those who do not meet these criteria will be demoted to the second division. The goal is that Morocco has its professional league in September for the 2011-2012 season.
What are the highlights of this professionalisation?
The department has launched many projects large stadiums. We inaugurated last January that the Marrakech which can accommodate 45,000 spectators and cost about 90 million euros. Stages of Tangiers and Agadir should be delivered respectively by the end of the month and in December for the reception capacity of 45,000 seats and investment costs of just over 85 million euros each.Finally, the chamber of Casablanca should break ground next May and have 80,000 seats. Its cost is around 200 million euros. We are now launching a second wave of stadium from 10,000 to 25,000 seats in smaller cities like Kenitra, Khouribga, Tetouan …
But do not forget training. The legislation thus provides for the mandatory school sports. We currently have 29 centers of local social and sports, 150 are under construction and we have signed with local communities to have 300 new. The goal is to have 1000 by 2016 50% funded by the state and 50% by local authorities.We will finally sign an agreement with the Union to create private Marrakesh soon a faculty of sports in Marrakech.
How to make sure the stadiums built in Morocco?
The stadiums built in Morocco are not exclusively dedicated to football stadiums. They all have an athletics track and can host events and international meetings in this discipline. They also feature a number of rooms and spaces covered in order to host conferences and seminars. In addition to football, we plan to organize a cultural event per month.
Finally, we will develop annual programs of sponsorship for each of our stages.Thus, the stage of Marrakech, the sponsors will give their name to one of the towers placed around the enclosure for 20,000 euros a year, buy VIP boxes for 40,000 euros per year or be visible through panel 5000 € 10,000 per game payday advance low fees.
The presence of the Moroccan State in football is it not a barrier to its development?
Indeed and that is why the law we will implement plans that clubs become sports companies held initially for up to 70% by private investors and therefore at least 30% by the government through associations. But once the clubs will be sufficiently well-structured is to say by the African Cup of Nations (CAN) 2015 that Morocco hosts – the state should gradually phase to enable them to become independent and thus finance their development on the financial markets or through the contribution of private investors.
For clubs to gain this maturity, we must develop more of an incentive framework that I discussed an appropriate tax. In other words, reduce their taxes, VAT exempt their sports equipment, giving them access to cheap land to the State, etc. …
Yet no bank or insurance company invest in Moroccan football. How to convince?
Banks want above all that we bring them some visibility on the return of their investments. These are players with a strong corporate culture. We must be as transparent and as professional as possible with them. But it is now sporting institution, advertisers and media need to put around the table to ensure that the Moroccan football becomes a unique platform for exposure.
For this, we draw a lot of European and American models.Today, football clubs are associations whose bylaws do not like companies holding the balance sheet, income statement, audit, certification of accounts. By initiating the transformation of these sports associations into commercial companies, this will allow them to present banks with a real record and thus be able to raise with them the debt.
Exactly, you complain a lot with this law does not take into account the specificities of Morocco and inspired the French model. What is your response?
Moroccan laws are historically based in France. I studied in English-speaking countries and I know the quality of other European models, including that of Germany, whose resources are very diversified.
Now, I realize that the more we advance towards the professionalization and transparency and the more people who feel aggrieved.But especially the greater our chances of clubs even more powerful, able to pull up all the Moroccan football.
Revenues generated by the Moroccan football clubs are they diversified?
Sponsorship and television rights revenues represent 60% of Moroccan football. With the professionalisation of football, we also established an exclusive TV rights with the National Society of Radio and Television for $ 60 million. As for the budget through sponsorship of football in Morocco, it accounts for 10 million euros.
We also have a background of sports development, which can help in different sports. This fund is financed by the Moroccan society and sports games (MJDS), an organization that depends on our sports department in charge of paris.With the new structure of this entity, revenue increases on a regular basis, so this allows us to develop different disciplines.
Morocco organizes the African Cup of Nations in 2015. The objective is it now to organize a World Cup?
CAN 2015 will be a first indicator of our ability to receive a great event. Then we can confidently consider us as a candidate to host the World Cup 2026.
But our goal must not only be a candidate, but to organize it. It is only then we can say that the Moroccan football was professionalised. South Africa did. Why not Morocco?
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.
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.
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After one hundred years of industrial dominance, the United States are being eclipsed by China. In 2010, the Middle Kingdom has become the leading manufacturing power in the world, according to a study released Monday by the economic research firm IHS Global Insight.
Manufacturing output of China represented 19.8% of the planet in 2010, while the share of the United States stood at 19.4%, according to estimates by IHS. According to the study, the added value of manufacturing output of China reached 1.995 trillion (current dollars) in 2010, against 1.952 trillion dollars for the United States.
"U.S. manufacturing output has rebounded strongly in 2010, with growth of 12.6% in value," writes IHS. That was not enough.Growth 'fastest in China, "and" appreciation of the yuan against the dollar helped the Republic to pass before the United States.
The American more productive
If China now produces more than the United States, they remain the most effective. The study notes that productivity is significantly higher at Uncle Sam "with 11.5 million employees, the U.S. manufacturing sector produces roughly the same value as the Chinese manufacturing sector with 100 million employees."
The mass effect was therefore due to the dominance of the United States Centennial. The latter became the first global manufacturing power at the turn of the nineteenth to the twentieth century. They dethroned the then Great Britain. At the end of World War II, U.S. factories accounted for more than half the production on the planet.But foreign competition and the service sector of the economy of the United States has gradually eroded this rule no fax cash advance.
According to figures from the U.S. Department of Commerce, the share of industry in GDP of the United States follows a downward trend started in 1954. In 2009, it accounted for only 11.2% of the wealth produced by the country, against 28.3% in 1953. At the time of the service sector employs about three out of four assets in the United States, bankruptcy and restructuring of the carmaker General Motors, once a symbol of industrial America, were able to illustrate the difficulties of the country's manufacturing sector.
Second trophy for China
In the long term anyway, manufacturing output in the United States tends to increase in value through productivity gains.Conversely, the rise of the Chinese economy depends on industry, particularly factories, whose production is destined mainly for export.
China wins as well, according to IHS Global Insight, his second trophy of the economic year 2010. In February, she actually won the second place in global economic power surpassing Japan. But the race to GDP (gross domestic product), the United States remains dominant. Their GDP is 2.5 times that of China. The latter should wait another few years before doubling the United States. Probably until about 2025, according to estimates by the World Bank and various financial institutions. And if it manages to overcome its many challenges in the coming years.
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