In real estate, Paris is not France. So goes the refrain sung Thursday by the Higher Council of Notaries. In the capital, in fact, prices never stop rising. Last year, the increase was 17.5% and per square meter was worth, on average, 7330 euros in old housing. The boom continued in early 2011. "From December 2010 to February 2011, prices rose 5.2%, says Mr. Thierry Delesalle, president of the real estate commission of notaries in the Ile-de-France. In twelve month rolling period, from June 2010 to June 2011, we will not be far from the 20% increase. "Soon, the ceiling of 8,000 euros per square meter in Paris will be reached.
Relying on the promises of sales in the first quarter of 2011 signed, notaries believe the square meter in Paris will average 8,028 euros in June. This will rise to 15,500 euros in even the most expensive neighborhood in the capital, the Champs-Elysees.And this movement does not seem ready to break if we are to judge by the large number of transactions: first quarter in Ile-de-France, they rose 16%.
Click on the thumbnail to enlarge the graphic.
Fewer foreigners in Paris
Contrary to popular belief, foreigners are not responsible for the rampant price increases because they are less active than before the Paris market: last year, they accounted for 6.5% of buyers against 7.6% in 2009. The result? "We should see the price differences widen between areas traditionally preferred properties such as Paris and those economically disadvantaged in which a decrease has already been committed," said Pierre Bazaille, president of the Institute for Notarial real estate cash advance america. In fact, in the province, the changes are more chaotic.Overall, prices have also increased but less dramatically than in Paris. They set up in 2010 by 4.7% for older apartments and 10% for houses. But since early this year, the situation is contrasted by areas or cities.
In Lille, for example, home prices fell 6% to 170,000 euros on average in Bordeaux, one of the apartments has decreased by 1%. Less than 3% also for apartments in Rennes, where the square meter is now worth 2212 euros. On the other hand, for apartments, in Brest, the price per square foot rose by 7% to 1527 euros per square meter. The increase is more limited but very real (+3%) in Lyon, where the square meter is 3102 euros.
Difficult, with that, whether property prices will rise or decline this year in France. According to Mr. Pierre Bazaille, the trend towards a higher but moderate (between 0 and 3%).A development that will depend on exogenous factors such as rising interest rates on mortgages or advertisements referring to the SP in its program the rent freeze.
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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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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.
LE FIGARO. – What is the meaning of your investment in Bulgaria?
Bernard Arnault. – It's a company that we follow for a long time, ten years maybe. We were already shareholders up to a few percent. We join today with a family that we know well and who shares the values of LVMH: a respect for, excellence in quality, creativity and innovation. Bulgari is one of the largest global brands, and one of the last of this size to be independent again. So it was an opportunity that could interest us and that we could not let go …
Why have you chosen to make the Bulgari family shareholder of LVMH?
The family has the desire to stay involved. And it was attracted by the prospect, rather unusual, to be associated with the success of LVMH.They are entrepreneurs, who will remain at the helm and will be the guarantors of development here, Bulgari. In addition, Francesco Trapani, who was the architect for twenty years of success Bulgari, will oversee our watches and jewelery, crafts he knows intimately.
What Bulgari brings to LVMH?
Bulgari is an iconic brand in the universe, that jewelry and watches. With its acquisition, LVMH double its size in these areas and became a world leader as he is already in leather or champagne. Respecting its creativity, spirit of "Roman" culture, as we do with our other brands, LVMH will accelerate its development. Our group will be able to bring him his strike force in procurement and distribution capabilities. LVMH will now offer something even more unique, with, in each sector, the most iconic brands.This will allow Bulgaria to develop much more on emerging markets and particularly the United States, where its potential is significant. In terms of watchmaking and crafts within our manufacturing watches in Switzerland, we can play together.
Should we change the position of Bulgari, who has diversified into fragrances and cosmetics, in particular?
LVMH may provide advice to Bulgari in its diversification. That said, a priori, the objective is first to focus on its strengths, namely the high-end jewelry, the creativity of its workshops and watches.
Faced with such Richemont, the division of LVMH watch and jewelry he is now of sufficient size? Or do you still in this job or other, new acquisitions?
Only Bulgari was already a rival to the largest of its businesses.We'll let alone with a size twice as large. As for our growth strategy, I note that with the exception of Hublot, what we now have our first major acquisition since a decade. We are in fact highly selective in acquisitions, and much more committed to internal growth.Bulgari was in any way may be the last opportunity to complete the acquisition of a brand that is on top of his universe.
With Hermes maybe … The transaction with Bulgari can it serve as a model for your ambitions vis-à-vis this group that you have 20.2% of capital? Your position with regard to any change?
I hope, anyway, that this association will show everyone that some families who have built through several generations an iconic brand of the highest quality craftsmanship, can understand the interest of a merger with LVMH.Hermes on, I can only repeat that we are a shareholder and peaceful that we will support the shareholders and the strategy they lead, whatever comments are made here and there.
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After pressing, the balance sheet. It's late March, Xavier Bertrand, Minister of Labour, before the Council policy of working conditions (Coct) the contents of the 230 agreements signed by the psychosocial risks of over 1,300 companies with 1,000 employees unions; plus 230 action plans for prevention. A year ago, in full case France Telecom, the Ministry of Labour required these companies to act quickly on stress prevention. "Otherwise, they risked punishment unprecedented media coverage in France of the results of negotiation, says Philippe Douillet, project leader psychosocial risks to the National Agency for the Improvement of Working Conditions (NAALC). But it did not last long …. "
230 agreements
At that time, the list of good and bad students was remained on the website of the Department that the time for a short day, Feb. 18 … As to the 230 agreements, 90% of them the 'were in the 1 st half of 2010, under pressure from the ministry. "That said, this action resulted in a genuine process of negotiation," said Philippe Douillet.
Cited as an example, the agreement with Danone assumes that "any proposed change of organization must assess human impacts, which involves asking the questions upstream," says Muriel Penicaud, CEO of the giant HR food. Signed in March 2010 with five unions, after two and a half years of work, it includes a strong preventive approach. This c omprend a training component of the local management, "a key element" for Muriel Penicaud.Co-author of the report "Well-being and efficiency", delivered in February 2010 the Prime Minister, she observes that things have since changed business cards. "Many companies recognize that managerial decisions have an impact on stress, which was rarely the case a year ago." However, few are still those who registered stress in their "single document". Compulsory since 2005, this document is to identify and prevent such risks. "A complex approach on the part of psychosocial risks," says Valerie Decaux, HRD Saur (network management of drinking water, 10,000 employees in France) is currently finalizing the document."The challenge is to address the risks identified: lack of information, the ergonomic conditions, but also recognition of the work, a subjective element. "
Founder of the firm Artelle Council, specializing in the prevention of psychosocial risks, Haubold Bénédicte (1) estimates that companies are now clearly the link between psychosocial risk and economic performance: "We see where a shareholder, who sees his participation depreciate , appealed to us. "Microsoft France, has started negotiations with unions, has understood. For six months the company has embarked on a process well-being and performance ". "A fundamental approach to talent retention and attractiveness of the business," says HRD, Yves Grandmontagne, citing "employees happy and productive".Latest action: the establishment of an observatory of health from the 1400 group employees in France.
(1) "The Psychosocial, library Eyrolles, Editions d'Organisation
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Three weeks after closing its only French base, Ryanair back in Marseille. In part. The low-cost airline, which had stopped most of its routes to and arrival from Marseille, and especially his four domiciled elsewhere had previously stationed permanently on the platform low-cost MP2 has announced Tuesday it reopened eleven lines for the summer season: Agadir, Brest, Eindhoven, Fez, Gothenburg, Lille, Marrakech, Nador, Nantes, Palermo and Tangier. One to two aircraft will be parked on the tarmac of Marseilles, from April 14 to September 4.
With 13 lines that had kept the Irish airline will operate are 24 rows from the Provence platform and hopes one million total passengers in 2011, said Michael O'Leary, boss of Ryanair.
The company still continued in France for violating labor laws and was under investigation."Ryanair has closed its base in Marseille in January following the unjustified legal proceedings seeking to require crews of Irish Ryanair to pay taxes and social contributions in France, despite EU regulations that allow members 'Ryanair crew pay taxes and social contributions in Ireland where they were employed, worked and were paid, "said the officer. This has opened legal proceedings before the European courts against the French decree of November 21, 2006 submitting the flight personnel of foreign companies operating in France to French law payday advance online.
A market which has shown its potential
Not to be disturbed again, the company will change each week the crews operating the flights from Marseilles.And aircraft being positioned only temporarily can not be regarded as based in France … "Ryanair bypasses the regulation of a less flashy, but he uses a new process illegal," said Mr. Rashid Brihi however, the Counsel for the Unac, a union of flight crews who has led the legal woes of the Irish company.
The leaders of the airport, which have tailored their platform MP2 needs of low-cost, do not conceal their satisfaction on Tuesday. But the return of principal client does not compensate for the time that 75% of the shortfall. And it's not Transavia, a subsidiary of Air France, or the national company itself with its proposed regional base in Marseilles, who will fill it.
Ryanair does not clearly overlooked a market that has shown its potential and leave the field open to a potential competitor.The CEO of Ryanair provides: "If the French decree changes, we will return. Not with four but probably with six or eight aircraft based. "
The "riots" in Algeria have made their first victim, according to the daily El Khabar. A young man of 18 years was shot dead during clashes with police in the Algerian region of M'Sila, 300 km southeast of Algiers. According to the Arabic newspaper, Azzedine Lebza died instantly after being hit by a bullet.
The police tried to repel protesters who managed to enter by force inside the post office and the sub-prefecture of Ain Lahdjel near M'sila, the newspaper said. Three other protesters were injured in these violent clashes, the source said.This information has not been confirmed from official sources.
Larger Map
An interministerial council planned this Saturday
The clashes between young protesters and security forces resumed Friday in Algeria, including Algiers and Oran, and extended in the east and in Kabylia, despite appeals for calm from the authorities and several imams. In the capital, on Friday afternoon in the neighborhood of Belouizdad (Belcourt), groups of youths clashed with stones and glass bottles of police deployed en masse and heavily armed. The police clashed with protesters by making use of water cannons and tear gas.
For more than a week, small groups of young people complain around the country what they call their "bad manners", either because of employment-more than 20% of youth are unemployed or lack- housing.The authorities went out of their silence Friday: Algerian Minister of Youth and Sports Djiar Hashemi called on young protesters to "engage in a peaceful manner." Violence "never results in either Algeria or elsewhere, and that our young people know," he said during a visit to Constantine, east of Algiers.
An Inter-Ministerial Council is scheduled this Saturday to discuss ways to curb soaring prices of commodities, the source for a week of riots in the country, including violent protests Thursday.
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A new record each year. For the passage in 2011, mobile phone users were more numerous than last year to send their wishes virtually, via SMS or MMS. 400 million short messages have been exchanged on the night of New Year's Eve, and the various operators expect to deliver 611 million by the end of the day. A figure projected to increase by 24% compared to last year.
But already, SFR, Bouygues Telecom and Orange observe a double-digit growth of sent messages. SFR recorded 128 million SMS between 20 o'clock and eight o'clock in the morning (+28% increase), Orange just over one hundred million (+17%) between 21 hours and two hours of the morning, and Bouygues 57 million ( +18%) over the same time slot.The MMS data, these mini-messages containing a photo or video, however, are more fragmented and remain below the levels achieved by the SMS.
Delivery times lengthened
Records of incessant sending SMS and MMS were partly boosted by sales of smartphones, up 138% over the first eight months of the year, according to research firm specializing Gfk. The financial issue is not very important for operators who n'engrangent little revenue from this annual influx. Text messaging is indeed free or included in a package for most users.
The challenge for SFR, Bouygues and Orange is more on the side of the technological challenge and the brand returned to their customers. While an SMS is usually less than a minute to reach its destination, the delays have been significantly lengthened by 1 January, the peak consumption.To cope with this influx of exception, for most operators had increased their workforce. Orange, no less than 24,228 SMS were sent per second to 0:02.
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The skirmish between Facebook and Google is the dispute over school yard as relations between two of the largest websites in the world. For a week, this exchange takes place, however, almost daily soap opera in Silicon Valley.
The hostilities were triggered by Google. Until then, Facebook members could communicate their Gmail address to automatically add all their contacts as friends on social networking. But a slight change in the conditions of use of Google, reported by the blog TechCrunch, has severely restricted imports machines. Now, Google requires that the system is reciprocal before opening the floodgates. Because he wants to be able to access lists of friends on Facebook in return.
Facebook has found Monday a first parade by telling its members how to manually import their contacts from Gmail business card layout.That earned him a scathing response from Google, who said he was "disappointed that Facebook did not invest his time to enable its users to export their contacts." The next day, an engineer at Facebook has Google's contradictions, recalling that he himself had blocked the export of contacts on their social network, Orkut. And stating an inviolable principle: "Each person owns their friends list, but not their information."
For Facebook, it is indeed no question of changing policy. With over 500 million members, it is in a strong position when the pressure tactics of Google is limited. The social network is indeed at the heart of the circle of friends of users (so-called "social graph"). He cashes his information at a high price to a limited number of partners, among them Microsoft and Yahoo.Apple, which did not accept his conditions, had to launch its social network music without Ping import contacts from social networking. He pays today.
A wage increase of 10% at Google
This new confrontation on the management of contacts, is symptomatic of the growing rivalry between Google and Facebook. While the first connects the disappointments in the community, the other becomes the preferred destination for Internet users grows in advertising, vehicle tracking and mobile. And it becomes threatening. "If users do research while on Facebook, if they write e-mails via Facebook, they are instant messaging with Facebook, then all this will come at the expense of Google," says Ray Valdes, Gartner analyst create business cards .
In this context, the opposition is also more personal.In recent weeks, Google has suffered several departures of executives leading to Facebook, as Lars Rasmussen, co-founder of Google Maps and Google Wave. To retain its employees, Google CEO Eric Schmidt has announced a general wage increase of 10% from 1 January. "We want to make sure you feel rewarded for your hard work, and we want to continue to attract the best talent from Google," he wrote. Today, approximately 10% of staff are former Facebook Google.
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