First day of opening of the Paris Air Show and business already struggling for their full long-awaited appointment of professionals. Before an audience of professionals in the aerospace, Nicolas Sarkozy called the area "to meet the challenges of globalization." "If we're not competitive, there is more than aviation industry, he said. There is only one possible strategy, the challenge of globalization by being more innovative, more creative and more competitive. "
The state has "a role" in the strategic industrial sectors, also recalled the president, referring to the "decades of public investment" in aeronautics and the level of credit facilities granted to the defense "despite the crisis ".So it is "no way" to abandon the research tax credit, assured Nicolas Sarkozy, adding that allocations of "20 billion euros of expenses" provided in the large loan will be confirmed "in a few days " business card templates.
• Boeing signed the first major order
Qatar Airways opened the show Monday orders. The airline, growing, has ordered six Boeing 777-300 long-haul aircraft ER for a list price of $ 1.7 billion. It already has 25 Boeing, including 15 Boeing 777. "The Boeing 777 continues to play a key role in our development strategy," said the CEO of the national airline of Qatar, Akbar Al Baker.
President Nicolas Sarkozy and Valerie Pécresse, Minister of Higher Education and Research, met the head of EADS, Louis Welsh.
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.
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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A departure of more at France Televisions. This time, the news is official. The journalist leaves Arlette Chabot France 2 "mutual agreement" with the group, said on Saturday France Televisions. "France Televisions and Arlette Chabot agreed to end its collaboration with France 2," the group said public broadcasting. Arlette Chabot has however agreed to take the next two animated shows "You decide" in March and April 2011.
Remy Pflimlin, CEO of France Televisions since last July, "salutes the importance and quality of work done by Arlette Chabot at France Televisions," the statement said. Arlette Chabot had been away from the direction of news at France Televisions in late August by the new boss of the public.It nevertheless retained its political program "You Be The Judge."
Wave of departures
His departure comes as France Televisions has confirmed last week the new organization intended by Remy Pflimlin. The objective of this reorganization is to restore five channels of group autonomy headed the real operational guidelines. But this reform has immediately triggered a wave of departures precipitates. Arlette Chabot follows in the footsteps of Nicolas Pernikoff, who left the entertainment of the holding company and will be replaced by France 2 Nathalie André Endemol. Other executives of the old team should follow.
If France Televisions do not specify where Arlette Chabot plans to continue his career, some sources have recently hinted that the journalist was in talks to join Europe 1.The information has not yet been confirmed by the radio station, but inside sources told the magazine Tele 2 Weeks that the appointment of Arlette Chabot to the direction of the information would be gained. The journalist was placed in a rank above that of Patrick Roger, who retains his title as executive editor while taking the antenna on the edge 12:00 to 1:30 p.m. instead of Jean-Marc Morandini.
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Objective: to distance vis-à-vis the City. While the controversy bounces across the Channel on lavish bonuses bankers, the government of David Cameron has chosen to burden of 800 million pounds (942 million) the new tax basis on the balance sheets of banks. London is well draw now £ 2.5 billion, when its previous estimates had forecast 1.7 billion. The levy, which applies to UK banks and UK subsidiaries of foreign firms, will bring another 2.5 billion in 2012 and 2.6 billion thereafter.
At first, George Osborne, Chancellor of the Exchequer, had planned a gradual rise of the levy, the successor to the windfall tax on the bonuses that had generated 3.5 billion pounds of revenue in 2010.The idea was to allow banks to replenish their equity perspective of European regulations Basel 3. But the good results of HSBC and Barclays more – 24 billion pounds expected by UK credit institutions – have changed the situation. This tax is "a fair contribution to reducing the budget deficit," said George Osborne.
Waiting for the Merlin Project
Downing Street hardens tone vis-à-vis banks just before the season officially starts do bonuses. Some see a sign that the government has little hope of obtaining commitments of moderation in this respect, as he hoped.Already, information published in newspapers across the Channel on the 9 million pound bonus Advance Bob Diamond, Barclays' chief executive, and Stuart Gulliver, head of HSBC, revived the controversy on recurrent variable remuneration payday loans.
To reconcile the financial sector in general with the public, banks and government have been trying for weeks to complete an ambitious, dubbed Project Merlin. Among its requirements, Downing Street wanted the large banking institutions limit bonuses. With an expected budget of 6 billion pounds of variable remuneration provided, the City does not seem to have listened to the dictates of moderation."It would have been better, when we save the banks, to secure something in return," coward George Osborne: "Unfortunately, I was not the chancellor at that time" …
Westminster also asked HSBC, Barclays, Lloyds and RBS in banking to provide SMEs about 190 billion pounds of loans, just like what the Elysee had negotiated with the French banks to finance the economy. In addition, the British bankers are asked to develop a £ 1 billion fund to build capital for small businesses.
"The discussions are not completed," admits George Osborne, who hopes to increase "substantial and significant" loans to businesses.And say: "I am always confident about the fact that we can reach an agreement with banks expected to increase loans to small businesses and lower bonuses."
CGT denies early departure of Bernard Thibault, announced Thursday morning by Le Parisien – Aujourd'hui en France. The newspaper believed that "tired", the CGT leader since 1999 has decided to leave the ship. "I'm leaving at the end of the year, so that my successor is in place before the presidential elections," reported Thursday morning in the daily framework of the CGT, remarks which were held on December 21 and 22 last to his closest collaborators. Allegations that the secretary general of the CGT was "very clear denial" on Thursday, denouncing "an attempt at destabilization."
"For the future of the CGT and its leadership, we will proceed when the time comes – and it's not yet the case – according to our usual procedures in a collective framework," to elect a successor at he said in a statement.
The assumption of an imminent departure of Bernard Thibault of the CGT leadership is often mentioned yet. Since his re-election to Congress in Nantes comfortable, difficulties have indeed accumulated to the charismatic leader. The failure of the struggle against the pension reform first, opened the way for a reconsideration of the reformist strategy adopted under his leadership over the past ten years. Some federations have seen the failure of a desire to refocus the CGT and make a union of contestation and negotiation instant credit report. The recent decline in the weight of the union in some of its strongholds, such as RATP, EDF, GDF or the Post Office, has been interpreted by opponents as a validation of this hypothesis. By boycotting the beginning of January the wishes of the social partners Nicolas Sarkozy, Bernard Thibault would have liked to correct the situation by hardening his speech.
A three-year term
But other factors may also contribute to an early departure next leader of the CGT. Internally, Bernard Thibault is accused of abandoning the organization. A peak for the CGT: the staff, who complain the level of wages and working conditions, is in open war against management. "Every unhappy tumble in his office. This is evidence of dysfunction of the house, "said one observer Parisien-Aujourd'hui en France. Bernard Thibault, meanwhile, evokes "a fatasme" to destabilize the CGT "after the exceptional action over pensions.
To these difficulties must be added the threats against himself and his family have suffered in recent years. The pig's head stabbed in front of his door and other malicious acts would eventually affect the CGT leader, worried about his family.Many reasons for Bernard Thibault, give way before the end of his mandate in 2012.
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Copper ends 2010 with fanfare
Copper has illuminated the LME for the last week of 2010. Despite the holiday-shortened session, the red metal has distinguished himself by beating his own records. Friday, he hit the 9,675 dollars per tonne, a record level. Its price has more than tripled in two years. He ended the year on an increase of over 30%. In a market where stocks are still considered insufficient, the growth of emerging economies, India and China in particular, focused on the rise.
Tin was also distinguished by an increase to 26,800 dollars per tonne and an annual increase of nearly 60%. The other metals are no exception as evidenced by increases of 31% over the year for nickel, 10% for aluminum and 5% for lead.
Used in industry, base metals have largely benefited from the recovery prospects for global growth in 2011, but also the weakening dollar. Moreover, the idea of seeing the birth of ETFs on the market, like precious metals, has generated much interest markets.
Oil makes up barely to the end of the year
The last week of 2010 has been turned upside for oil prices. Monday was first marked the end of a series of 5 consecutive sessions of gains, at a time when only the NYSE was open (one in London remained closed for the holidays). At $ 91, the course has remained on a higher in two years, but the atmosphere was gone. "The market drops a little ground. There are concerns about China's growth, "then thought Jason Schenker, Luxury Economics.
Thursday was the turning point of the week with the publication considered disappointing in crude inventories in the United States. The crude reserves fell 1.3 million barrels in the U.S., far less than anticipated by analysts (-2.9 million barrels). In addition, stocks of distillates rose despite the cold. These stories have been enough to push investors to take profits. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for February delivery finished at 89.84 dollars on that day, down 1.28 dollars compared to the previous day. In London, Brent crude ended at 92.67 dollars.
Anxious to end the year on the positive, investors were caught on Friday. In New York, oil prices rebounded late in the session, reaching in the final minutes of trade, 92.06 dollars, a breakthrough price since October 2008. In 2010, he was up 15%.In London, Brent crude ended at 94.59 dollars (+22%).
The gold star of 2010
The year also ended with a flourish for precious metals. Gold, who won more than $ 40 in five sessions, ended 2010 to 1420.70 dollars an ounce, not far from its record high (U.S. $ 1,431.25 hit on December 7). As always this year, gold has benefited from its status as a safe haven in a market somewhat reassured by the problems of European debts no fax payday loans. Last week again Italy has sealed off a bond issue at very high rates while rates are still Greek soared. The weak dollar has also encouraged purchases of gold. Some profit taking at the weekend prevented the yellow metal to enter a new record. But according to analysts, the rise should continue in 2011.
As always, the money followed the gold.The gray metal ended higher at 30.63 dollars per ounce on Friday, registering a record high during trading in 30 years to 30.90 dollars. Over the year, he won over 80%.
For its part, an ounce of platinum ended at 1761.50 dollars an ounce Friday and palladium closed at 795.50 dollars. The two signed a very good year in 2010, with respective gains of 17% and 91.41% year on year. In addition to the industrial outlook optimistic, the markets were driven by fears of tight supplies of Russia, world's largest producer.
Cocoa takes a deep breath
Markets of agricultural materials, time was rather cautious. Cocoa prices in particular, have stabilized, although no conclusion has been found in the political crisis in Cote d'Ivoire, the largest producer worldwide.Prices have increased by "only" 12% since the beginning of political tensions since the beans were still able to reach ports and leave the territory. Moreover, other producing countries such as Ghana and Indonesia, are driving the market. On Liffe in London, a tonne of cocoa for March delivery ended down slightly to 2017 pounds on Friday. On the NYBOT-ICE U.S., the contract for March delivery was worth 3,023 dollars per tonne.
For his part, sugar is still flamed last week. Prices are mounted Wednesday until 34.77 cents a pound in New York, a new record since January 1981 due to fears over supply. But prices fell sharply Thursday and Friday, weighed down by a movement of profit taking.
From their side, prices for corn and soybeans have reached their highest levels since August 2008 in Chicago.Dry weather in Argentina, the second largest exporter of corn, fearing the worst for crops. A bushel of soybeans for March delivery finished Friday at 14.03 dollars, rising by 3.2% over the last week of the year. The contract for the same maturity of corn rose to 6.29 dollars (+2.4%) while a bushel of wheat stood at 7.9450 dollars (+1.5%). Note that wheat, boosted drought in Russia during the summer, has gained 45% over the year.
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After helping to shake the markets by holding fearmongering recent days, Angela Merkel sought on Thursday to reassure them. The Chancellor said he had "more confidence than in the spring" in the stability of the euro area. The willingness of Berlin to pay the private investors in the future crisis and his idea of "orderly failure" for European states in default yet done away investors. Chancellor was to speak by telephone on Thursday evening, with President Nicolas Sarkozy to adjust positions between Paris and Berlin on the crisis of the euro and the rescue of Ireland credit reports free.The 85 billion in aid to Dublin must be formally approved by EU finance ministers on Sunday, during a telephone conference or formal meeting followed by a press statement from Dublin, Brussels and Luxembourg .
The negotiations on the fate of Irish banks-those that would be condemned and those who considered viable, will benefit from emergency recapitalization, seem to have made good progress in the last hours.
"Clumsy"
From our special correspondent in Seoul: Alexandrine Bouilhet
While the United States and China on the currency falling over in Seoul, the Europeans, they have their eyes on the bond markets, including borrowing rates in Ireland have soared to nearly 9 % during the G20 meeting. Driven by its European partners, Germany-represented in Seoul by Angela Merkel and Wolfgang Schäuble – has agreed to sign a joint declaration to reassure investors before the opening of markets in Europe.
"Whatever the debate on the future permanent mechanism for crisis and the potential involvement of the private sector, we reaffirm clearly that this mechanism does not apply to the debt currently outstanding, or any program currently in place," says release of euro zone ministers of the G20 released in Seoul."The future system will not enter into force before mid 2013, which means it will have no impact on current arrangements," it added.
Impact on the euro and debts Italian and Spanish
Fearing a loss of value of their bond portfolio, investors selling massively State debts of the euro area, Ireland and Portugal. Fell to $ 1.37, the euro is at its lowest in a month.
Debt Italian and Spanish are also affected by the movement of defiance, which erupted since Germany has raised the possible losses to the private sector for the next rescue a country from the euro area.
To reassure the markets, the European Ministers recall that the support fund for the euro area (SFEF) already exists, and that "its activation does not require private sector involvement."In other words, if a rescue of Ireland or Portugal took place in the coming days as the markets seem to fear it not accompanied by a restructuring of debt penalizing the private sector, including banks, first holders of government bonds. The European umbrella covers Creditors most fragile countries in the euro zone until 2013.
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Growth is back in the U.S. since the summer of 2009 but Barack Obama still takes little credit. The Democratic Party is poised to lose many seats in Congress, a victim of expressing concern and also the disappointment of the Americans.
The concern was primarily due to insufficient job creation to fall back on unemployment. The Conference Board, a research institute employers, reveals that in October only 14.1% of Americans anticipated an increase in job offers. More than 8 million jobs have disappeared in the United States since the recession began in late 2007. That is fourteen months that the unemployment rate remains above 9.5%: this has not happened since 1948, the date of the compilation of employment statistics.
The disappointment of the Americans is proportional to the initial objectives of Barack Obama."The White House had predicted in January 2009 that the passage of his stimulus plan would prevent unemployment exceeding 8%. This prediction was silly, "says Barney Frank, Democrat of Massachusetts who chairs the Committee on Financial Services of the House of Representatives. In fact, 73% of Americans disapprove of the way Barack Obama runs the U.S. economy. Impatient people, Americans have wanted the great recession of 2008-2009 is already forgotten.
Outstanding infrastructure
The Republicans make much of the meager results of the apparent massive plan to revive the $ 787 billion passed without their support in February 2009. A third plan (288 billion), said "stimulus" was devoted to tax cuts.But the effect of stimulating consumption would have been larger if a good portion of those tax cuts had not been hoarded.
A third plan (224 billion) has also covered the transfer of credit to U.S. states under their health programs and education for example. Without them, the precarious finances of most states would have been downright tragic.
The remaining third (275 billion) was supposed to cover infrastructure costs. We realize today that the projects of roads, bridges and rail transport and subsidies were not as mature as the Democrats claimed. 45% of funds allocated to such projects have not yet been spent.More reason, say the Republicans, alarmed by soaring public debt, to "immediately freeze all spending."
The explosion of debt is another major concern of Americans. The risk that Barack Obama made them for years they seem disproportionate to the results obtained to date.
In 2009, Uncle Sam spends less than $ 200 billion in interest on its debt. This amount will be twice as high as 2014. The fact remains that without this stimulus, most economists believe that America has shifted into a depression. "The president is very little credit for having averted a depression," laments David Cote, Honeywell International boss. According to the Congressional Budget Office, the revival of Obama created between 1.4 and 3.3 million jobs.Reduced its total cost, it still represents an enormous sum of more than 238,000 dollars per job. Tea Party conservatives are screaming foul.
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