The beautiful series continues to Xavier Bertrand, who six months after returning to the Ministry of Labour, shows a fourth consecutive month of decline in the number of job seekers registered at employment center. A performance that had not arrived since December 2007. According to data released Wednesday by the employment center, the number of unemployed registered in category A was down 10,900 in April, bringing to 53,400 the reflux recorded since early 2011. Either close to 1600, the total number of job seekers in less expected for the full year 2011 by employment center. In one year, the variation is almost stable, rising by 0.2% is far removed from + 25% recorded two years ago.In late April, there were 2.67 million unemployed was not active in France.
Labour Minister, Xavier Bertrand, welcomed the figures, which he had already unveiled the trend earlier in the day. "This fourth consecutive decline in category A is an important sign of crisis. We must now intensify. Margins for further exist because all the measures we have taken on learning or assisted contracts are not yet in application, "he said.
Rising unemployment part time
For the fourth time since October 2010, the number of jobseekers registered in categories A, B and C (including the unemployed engaged in a Pool) also declined from 6300 on a month to reach 4.04 million people.In other words, if the number of those unemployed decreased than those in reduced activity increased (from 4600) but to a lesser extent: impact of an economic recovery that is primarily through the development of small jobs and Part-time jobs, only opportunities available to job seekers so that switch of category A to B and C.
"We can only rejoice that the full-time unemployment is down but at the cost of increased insecurity and unemployment, part time," says Francois Chereque, secretary general of the CFDT, for which this new situation has important consequences. "Young people who alternate periods of unemployment and insecurity in early life will be dragged on for years and this will impact in terms of salary increases, career advancement or retirement rights," he justifies .If the number of unemployed in category A, B and C only increases by 3.3% over one year (cons progressions around 20% there are still two years), the increase in those engaged in a Pool of more than 78 hours a month is close 13% over the same period.
Youth down
The rest of the April data is consistent with trends observed in recent months. The number of registered voters under 25 years in Class A, B and C continues to decline (-0.5% on a month to -4% over a year) while those over 50 years continues in reverse to rise (+0.9% over March and 14.1% in twelve months). The horizon is not cleared for the 1.53 million long-term unemployed (unemployed for over a year), whose number swelled from 0.1% over one month and 11% yoy . It is especially bleak for those registered for more than three years are 18.4% more than a year ago to point to the employment center.Not since January 2000 to find such a level. As for the average length of unemployment, it rose by two days to 450 days.
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Jean-Charles Naouri, the head of the Casino Group, did not appreciate that Lars Olofsson, Executive Director of Carrefour merger talks with its ally Brazilian Abilio Diniz. "Casino was never informed of the existence of such negotiations, even though the agreements that bind us to the group Diniz (…) provide that both parties should take all important decisions by mutual agreement. Casino rights (…) are fully established, "wrote on Monday, Jean-Charles Naouri Lars Olofsson, and the chairman of Carrefour, Amaury de Seze.
This letter also stated that Casino has "received on the night of Mr. Abilio Diniz, a letter confirming the existence of contacts with Carrefour and expressed its willingness to abide by our agreements."Jean-Charles Naouri "draws attention" to its competitors on the fact that no negotiation can be initiated only with Abilio Diniz: Casino and he exercised joint control over the number one Brazilian sector, CBD. And his boss does not seem to consider a merger with number two, Carrefour Brazil …
Hotel Martinez divided into apartments or offices? One hypothesis is now possible according to Le Parisien in France today. The famous Art Deco hotel, which annually hosts the biggest stars of world cinema at the Cannes Film Festival, may soon be for sale by its owner, the investment fund Starwood Capital. Nearly six years after buying the group Taittinger, the American group, forced to reduce its debt, in effect withdraws progressively from the luxury hotel. After having yielded to the Israeli group Arlov Lutetia in July 2010, and the Crillon hotel to a member of the royal family of Saudi Arabia at the end of that year, Starwood Capital could be tempted to secede as the famous Cannes hotel .Bundling of several hotels including the Martinez, a $ 1.5 billion, had already almost completed in 2008.
This possibility seems this time even more credible, the newspaper said that the clause which requires the continued operation of the hotel business site has rightly expired last April 24. Imposed by the state group Taittinger redemption of the hotel in 1981, she ran that in thirty years. It is clear that if the hotel was sold to the cut, the fund Starwood Capital would clearly benefit much higher. Quoted by the newspaper, counsel for the heirs of the historic Martinez, Pierre Zeghmar, assesses the value of the total around 1 billion euros as qu'appartements separated, against only 300 million as a hotel.
If the mayor of Cannes denies fearing a possible sale, but it is going to take the precaution to enter the palaces in the local plan. A measure that would ensure their hotel assignment in assignments. But according to Pierre Zeghmar, "this measure will be effective after July 2011, leaving a window of the American group. Still, the Grand Hotel has recently invested, according to Deputy Mayor of Cannes David Lisnard quoted by Le Parisien – Aujourd'hui en France, five million euros to renovate the rooms before the G20, which will take place in Cannes in November. An "institution of this type, currently very profitable," is anyway always potentially for sale, "said the mayor.
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Cancellations will travel faster than the revolutions themselves Arab. While the wind blows still timidly revolt in the Middle East, several of them noted a sharp drop in hotel bookings.
Jordan in particular, several sources said that cancellations had reached 50%. A tour operator confirms that in 3000 tourists who booked a trip in the coming months, 1200 had already annulled. Jean-Francois Rial, CEO of Voyageurs du Monde, a leading Tour Operators in France, also referred 50% of cancellations to the country. This situation is particularly worrying for a local economy where tourism represents 14% of GDP, with a turnover estimated at one billion dollars in 2010.
Syria is no exception.Ghassan Chahine, owner of Naya Tours agency in Damascus, said he registered 35-40% cancellations for peak tourist season which runs from March to May, mainly by Europeans. The Syrian Minister of Tourism Saadallah Agha al-Qala, has been forced to revise downward its objectives: "We do not expect an increase of over 11% to 12% of the number of tourists" against an average annual growth of 15% since the early 2000s.
"All in the same bag"
Tourism professionals in the Middle East denounced the confusion in the minds of Western tourists. "They are influenced by media coverage and put all countries in the Middle East in the same bag, do not differentiate one country from another," said Nabulsi Touhami, office of tourism in Jordan. Tourists have canceled their trips to all Arab countries. "
Jean-Francois Rial, "people are more worried about what might happen in other countries than those where the revolution is over. Is that King Abdullah will not jump, do as the king of Morocco does not have a problem, as Hu Jintao? ". Ghassan Chahine agrees: "People tend to think that the revolts are taking place across the region."
Hopes
Despite their concerns, industry professionals want to believe in an imminent improvement in the situation. "The perception of people change very quickly. It does not take much time before the booking for a country not resume, "says Sean Tipton of the Association of British tour operators.
Until the fears subside, tour operators could, like the Maghreb, betting promotions.Marmara, the leading destination Tunisia is already seeing the success of its offer a "pay for a given": "We found in March the level of bookings last year, with 8000 departures scheduled within a month," explained Le Figaro Florian Vighier, its director general.
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The siege is perhaps not what we think. In the battle between Alassane Ouattara and Laurent Gbagbo President of Cote d'Ivoire, do not be fooled by appearances. Certainly, Ouattara, who won the presidential elections of 28 November, can not leave the hotel Gulf surrounded by military forces loyal to Gbagbo. But the latter, which does not release the power, is increasingly isolated from its financial resources by the strategy of suffocation of his opponent.
"Without military intervention impossible, the only weapon Ouattara is the economy," said Vincent Darraque, associate researcher at the French Institute for International Relations (IFRI). "The goal ultimately is to divide the clan on fund bankruptcy." Alassane Ouattara and its international allies have thus closed one by one all the valves supplying the cash war chest of the outgoing president.
"Gbagbo tinker"
But each time, "Gbagbo crafter, artisan economy develops and it seems impossible to reduce to zero its resources," says Rinaldo Depagne, the International Crisis Group (ICG). The camp Ouattara example decreed the suspension of exports of cocoa, Gbagbo has the upper hand in the industry. The European Union has followed, as well as large multinationals in the sector. But, warns an observer working for a French bank, the president turns the embargo through the ways of smuggling.
The hardest blow dealt to the clan Gbagbo went more unnoticed: printing money has been confiscated by the Central Bank of African States (BCEAO). Ally at the head of the guardian of the CFA franc, the common currency for countries in the region, was ousted in mid-January no fax payday loan. His replacement, a pro-Ouattara, immediately closed the antenna of the institution in Abidjan.Gbagbo then organized the robbery of the branch that hosts 268 billion CFA francs (408 million). According to the magazine Jeune Afrique, he could pocket as 8 billion, can not open the coffers, "the access codes are managed from Dakar, Senegal, and changed daily."
Extortion tax
Short of forcing the doors armored reserves of the BCEAO, Gbagbo can always count on one of its main resource: oil. Nearly a third of production would be siphoned off by his clan, or about 20,000 barrels / day. Besides the black gold, Gbagbo controls the direction of Ivorian taxes. Businesses are at once caught in the crossfire. Ouattara called them not to pay their taxes to the Treasury, but hurry up now Gbagbo armed men for extortion. More sources of cash are scarce Gbagbo, his reactions are more extreme.Latest: the requisition of banks, including subsidiaries of BNP Paribas and Societe Generale, which closed this week.
How long will even the outgoing president? "Gbagbo has already dipped into its reserves before his election to buy votes. He sprinkled a lot, "says geographer Christian Bouquet. The UN estimates that he must find each month to 150 million dollars to pay 104,000 civil servants and 55,000 soldiers. Clan of the outgoing president said he could take two months "without problem". Impossible to verify. Meanwhile, the Ivorian economy, deprived of its banks is disintegrating.
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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. "
Social dialogue in small businesses. Taxation. Pensions. Dependence. The employer representative. Professional services are on all fronts. "I am delighted that a member of the government, Frédéric Lefebvre, is again in charge of the professions. We want our role is fully recognized in the economic and social debate. 750 000 entrepreneurs Liberals talk every day to 5 million French people in their professional activities, "said David Gordon-Krief, president of the National Union of Professions (UNAPL) last year.
This organization brings together 65 associations and unions representing both notaries as physiotherapists, insurance agents as architects, lawyers and nurses. Because the professions have felt neglected and sometimes abused until recently despite their economic weight.They realized a turnover of 180 billion euros and employs 1.8 million workers. Approximately 10% of employees in France. They employ nearly 86% of women. They create jobs.
"Sustainable Enterprise"
"We're an actor in the vitality of the territories. We are creating jobs in small towns and rural areas. We create sustainable enterprises. The pharmacist, the accountant, the doctor will not relocate their activities. We created 60,000 jobs in 2008, both in 2009 and 2010. We pledge to create 100,000 this year, "said David Gordon-Krief. UNAPL has signed an agreement last November with Secretary of State for Employment and partnership with the employment center payday loan no faxing. It develops activities for young people.
David Gordon-Krief also wants to promote women's role in launching a think tank in Women professions."We want to identify drivers of success and the obstacles women still face. By sharing their experiences, they exchange in order to stimulate new ideas about their place, their future in society's interest to bring such business model in other industries, "says President UNAPL. He asked Roselyne Bachelot, Minister of Solidarity and Social Cohesion, for the launch of this think tank to be held March 8 at the Women's Day.
Determined to be considered a full partner with government, UNAPL wants recognition as an actor of social negotiations as well as the MEDEF, CGPME and UPA, representing artisans and merchants.
Francois Fillon, in his policy speech in November, announced his intention to address this question, but it no longer seems to be among the priorities of the executive. "The employer's representative must be as broad as possible. We hope that the actors find a reasoned solution. This must be done if the events are likely to impose reform. And Pandora's box is opened. We will make every effort to find a solution agreeable to all. It is the sense of history, "says David Gordon-Krief.
The euro started 2011 on a slightly downward trend. The single currency, which now circulates in seventeen European countries – Estonia is part of the euro area since 1 January 2011 – suffers from both the persistence of tensions on debt in Europe and a resumption of dollar .
The greenback resumed gradually colors, including through macroeconomic figures better than expected. "A series of increases in the U.S. indicators were induced to buy the dollar," said Yuichiro Harada, Mizuho Corporate Bank. Like to manufacturing orders rebounded 0.7% in November, while analysts expected a further decline. On Wednesday, the firm ADP reported that the U.S. private sector has created 297,000 net jobs in December, almost three times more than expected by economists.The ISM index of activity in services meanwhile rose more than expected to 57.1.
As for public finances in the euro area, there was no bad news since the beginning of the year, but risk aversion remains strong. In recent weeks, rating agencies (Moody's, Standard and Poor's and Fitch Ratings) have placed several countries, including Portugal, Spain and Belgium on negative watch, implying a deterioration in their actual sovereign rating within weeks . In Europe, Portugal, Greece or Spain will borrow on the bond markets and governments put in place, the chain of fiscal austerity measures. Latest, the United Kingdom, the VAT increase to 20%, more than in France.
Currently, Chinese Vice Premier Li Keqiang, continues its three-day visit to Spain, to demonstrate its financial support to countries.
The euro under $ 1.30 soon?
So on Thursday, a euro is worth less than $ 1.32 around 9:30 am to 8 pm at exactly 1.3154 (-0.33%). This downward trend taken by the euro since the beginning of the year should continue in the eyes of most economists who see the currency below the $ 1.27 by the end of the first quarter.
After a week particularly hesitant, the CAC 40 is changing sharply higher Monday. Halfway through, he climbs to 1.07% and iron and the milestone of 3900 points to 3908.60 points. With the approach of Christmas and the end of the year, a period conducive to window dressing. The U.S. exchanges have closed Friday at closer to their equilibrium level. As for society, as Ingenico plunges.
The Nikkei finished the session down by 0.85% on Monday. However, developments in Asian stock markets should not influence the European indices today as purely local concerns weighed on prices.
The concerns of the ECB could be detrimental to European indices. The European Central Bank unveiled its fears about the consequences of the bailout of Irish banks.In an opinion paper (position paper), the institution considers that the allegation of funds to support the Irish banking system could undermine the European financial system.
Also note, according to an OECD study on the situation in Spain, a slow recovery began in the peninsula in the first half of 2010, but growth should remain "soft" due to necessary adjustments in the sector housing and the high level of private debt.
On the macroeconomic front, the meeting promises to be quiet. The Financial Sector Advisory Committee will publish its annual report 2009/2010. Germany's producer prices for the month of November will be known to 8:00. As for the euro, it fell back slightly. About 11:00 am in Paris, the euro bought 1.3154 dollars against 1.3185 dollars on Friday night.
Ingenico sanctioned
In terms of values, the star of the day is the title Ingenico.The government intervened to prevent the takeover of French by the American Danaher this weekend. The title plunged to 9.10% in mid-session at 25.08 euros.
The Crédit Agricole displays the sharpest drop in the CAC 40 with a decline of 0.74% to 10.015 euros. The green bank announced a loss of 1.25 billion in its accounts related to a depreciation in the Italian bank Intesa. Moreover, the banking arm of French affairs of the institution extends its period of exclusive negotiations with the Chinese CITIC, until 30 June. The talks for the establishment of a brokerage and investment bank dedicated to Asia, in a 50-50 partnership, were to terminate on December 31.
More generally, financial stocks should react to the agreement on bonuses.The Financial Services Authority has adopted a measure requiring that at least half of the bonus should be paid in shares. This year, the amount of bonuses would be down 20% to 30% in Europe. On Wall Street, they could even be zero.
Conversely Axa leads the CAC 40 with a gain of 2.17% to 12.92 euros. Bank of America-Merrill Lynch joined the title in his list of favorite European values. Moreover, the number one German energy EON announced Monday the sale of its gas network in Italy to the Italian fund F2i SGR and French Axa Private Equity.
Rhodia (5.82% to 24.075 euros) Overtakes Lead increases in DTH. Morgan Stanley rose to a positive and raised its target price of 17-29 euros. The analyst raised its profit forecast and said the lag is suffering from a discount of 30% from the field of specialty chemicals.Also the market welcomed the remarks of Jean-Pierre Clamadieu, CEO of Rhodia, reported by the weekly Invest. Rhodia's boss recalled the strong presence of its affiliates in Asia, which is considered an asset in its industry and recalled the ambitious strategic plan recently presented by the group.
Sanofi-Aventis sign one of the largest increase with a gain of 1.51% to 49.39 euros. The laboratory announced Monday the signing of a global alliance with Avila Therapeutics Research covalent drug targeted to treat various types of cancer.Drugs called "covalent" can make completely inactivate proteins that cause diseases and blocks their function.
GDF Suez is also well directed (1.99% to 27.72 euros), while in an interview with La Tribune, lGérard Mestrallet, CEO, criticized the pricing strategy of EDF. The latter wants the lights electrician practice a price of 35 euros per megawatt hour, not 42 in the framework of the law Nome aimed at reforming the French electricity market.
In addition, Arcelor Mittal advance of 0.86% to 29.28 euros.He announced Saturday that it raised its offer for Canadian mining group Baffinland Iron Ore Mines at $ 1.25 Canadian per share against 1.10 Canadian dollars in its initial offer.
Outside the CAC 40, Hermes (-1.18% to 155.50 euros) does not leave the Stock Exchange that would be very expensive, said his number two operational daily Il Sole 24 Ore dated Sunday.
Scor (+0.32% at 15.06 euros) announced today that it has completed implementation of its hedging program financial disaster of 150 million euros for a period of 3 years.
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While the station is trying to forget the idea laquelleles train tickets are expensive and reserved for wealthy clients, the Secretary of State for Transport, Thierry Mariani, has said on Europe 1 this Saturday, in favor of increasing ticket prices.
The secretary of state spoke up "quite reasonable" that would take account of inflation and would maintain some rail lines. "I support a balanced position where the user pays according to inflation , an increase entirely reasonable, "he said.
State railways alarming
This increase would occur in parallel with an increase in tolls, which are fees paid by companies to get their trains.
"Do not raise tolls this means that the taxpayer would subsidize (by itself, ie) maintenance, rail lines," said Thierry Mariani. Réseau Ferré de France (RFF), the public manager of the French railways, this week launched a cry of alarm about the situation of French railways, which could partly be dropped for lack of money for their maintenance.
Maintenance cost uninsured
According to RFF, much of the network is threatened with obsolescence in the longer term."The funding for the renewal of the network is not assured in the long term, including one used by the TGV, was worried Alain Sauvant, director of strategy RFF.
While the "full cost" of the rail network, including track maintenance and renewal when they are just too worn-is estimated at about 6.5 billion euros per year, revenues covered only 83 RFF % of this amount.
(With AFP)
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