In 2013, Chinese tourists will supplant the Japanese - March 31, 2011

Promise to all first place overall, China will soon add a line to his list. From 2013, spending by Chinese tourists will exceed those of the Japanese in 2020, they will be shoulder to shoulder with the Americans, the current leader.

A recent study by the Boston Consulting Group (BCG), the expenditure of the Chinese during their travel in their country and worldwide will grow 14% annually to reach 898 billion dollars (638 billion euros) in ten years. In other words, China is poised to become the second largest market for travel agencies, and will overtake the U.S. in recent years.Rising incomes and the desire to travel are such that each year 25 million Chinese will go sightseeing for the first time in ten years

These expenditures will cover half the cost of travel themselves, and half of various purchases including luxury goods. It's rather good news for France all that travelers do not buy only for themselves but for their knowledge. Indeed, more than half of them would leave with a shopping list cash advance in one hour.

These travelers from mainland China but also Taiwan, Hong Kong and Macao in 2020 will represent a quarter of tourists landing in Japan or South Korea.In Europe, the arrivals will be multiplied by four, but Asia is still a preferred destination.

This desire to discover the planet has been anticipated by the national tourist boards who scrambled at the last international fair in Shanghai. If the flag of France was busy, that Denmark has created the event. It hosted the Little Mermaid in Copenhagen, which for the first time leaving his country. The game is worth it: 100 million Chinese tourists are expected worldwide by 2020 against 5.5 million now. If the United States, Australia, and Japan – the study was conducted before the catastrophic cir March 11 – are the three destinations, France is ranked fifth behind Thailand but ahead of all other European countries . Paris and shops have not lost their power of attraction.

Seeking employment candidate desperately - March 30, 2011

Job postings are up to APEC since the beginning of the year? For businesses, this rebound in employment is synonymous with "creativity" and "originality" to recruit "talent" they need.

Atos Origin, a leading IT services players, is in full promotion of his "Talents Days" in a dozen cities in France. The group is seeking 1,500 new employees this year for the French market. Thursday, it will open near Paris in Bezons the doors of its campus, to find 800 good recruits. Applicants are invited to submit their applications on the site www.talentdays.fr, specifying the items that interest them. The IT group provides' direct contact and a quick return to their requests. "

Other specialist technology consulting, Akka Technologies offers this weekend to challenge his lucky year, three days of skiing at Serre Chevalier.This is the first step to a possible recruit for some 150 engineers. Specifically the students in their final and penultimate year of a thirty engineering schools have registered on-www.challenge akka.eu to earn their place. In Serre Chevalier, between courses, ski trips and competitions, they will have every opportunity to meet with leaders of the group and to explore different careers online payday advance.

3000 vacancies at Groupama

At each company, its technical recruitment. The distribution brand Leroy Merlin plays the card of the opening of its stores to its future employees. From April 2 to 9, 26 stores are the Ile de France who are committed, with 500 vacancies in the key. Recruitment sessions collective spaces jobs jobdating, the group's businesses northerner go out to meet candidates.A dedicated website allows everyone to register.

Groupama, which just held – early March – his first jobmeeting in Paris, do not regret this. The insurance group has met with 600 candidates to present its businesses and its 20 companies. Other such meetings have already taken place almost everywhere in France (Nantes, Lille, Bordeaux and Lyon), when 3,000 recruitments are planned in France in 2011 and 2012.

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Madrid hopes to escape the contagion - March 27, 2011

In Madrid

Following the announcement of the resignation of Prime Minister of Portugal, Moody's downgraded Thursday the score of 30 banks in Spain. Coincidence that serves as a warning: Madrid must react quickly and provide guarantees about the soundness of its financial sector if it wants to prevent Lisbon from the edge of the financial bailout, did in its wake.

Until now, Spain had still managed to differentiate itself from Portugal. Lusitanian crisis was indeed a limited impact on the public debt Hispanic. The differential between Treasury bonds and German Spanish this week was located around 200 points, down from 280 in November 2010. Suddenly, the Spanish press is optimistic: "The markets are now the difference between Spain and Portugal," and headlined Thursday newspaper El Mundo."The markets have recognized our efforts," he reassured the Minister of Economic Affairs, Elena Salgado.

Unlike Portugal, Spain conducted last year, major reforms on pensions, labor market and, more recently, she brought order into its financial system.

Two intertwined economies

The two Iberian economies, however, are closely linked. Spanish companies present in their neighbor and realize 9% of Portuguese GDP.As banks and savings banks, they hold 34% of their international assets Portuguese counterparts.

These 76 billion makes Spain the country most exposed to the Portuguese debt, just ahead of France – French banks hold 33% of assets Portuguese.

Spanish financial institutions but also suffer from handicaps of their own, including the complex structure and scattered savings banks. Despite the ongoing mergers, Madrid difficult to explain to partners the logic of his cajas. These regional entities, subject to local political and hit hard by the bursting of the housing bubble, have great difficulty in financing. In fact, the credit companies most poorly rated by Moody's are the majority of savings banks.Argandona for Antonio, a professor of economics at IESE Business School, the rating agency "seeks to protect his rear," because "the problems of Spanish banks have been known for a year and nothing new has occurred with the Portuguese crisis. "

Economists admit the possibility of a domino effect, while limiting its scope. The Portuguese crisis is closely observed in Spain. But in Madrid, is waiting for another trial by fire: the results of stress tests imposed on new banks, expected in June.

Caution dominates Asian stock markets - March 25, 2011

Asian stock markets have shown some reserve on Thursday. In Tokyo, the hesitation has dominated the meeting. Very volatile, the Nikkei was first tried on the rebound by opening an increase of 0.32%. Again, the rating was due to opportunistic purchases of investors that won titles at bargain prices after the decline Wednesday. But the trend was soon reversed, pushing the Nikkei to equilibrium in the late afternoon. He closed the session on a slight decline from 0.15% to 9435.01 points. For its part, the Topix, wider, fell 0.8% to 853.95 points.

Operators are reluctant to take on the attitude to nuclear crisis. The information came from the plant in Fukushima was confusing this morning.On the one hand, markets noting the continuing difficulties faced by the technicians of the operator of the plant, Tecpo to restore cooling systems of the site. On the other, they learned that electricity was partially restored in the control room of reactor 1, which is regarded as encouraging news.

The share price TEPCO has particularly suffered from this hesitation, dropping by 12.87% at the end of the session. For their part, the securities linked to the food sector have also been battered as investors feared that other countries pursue policies of restricting imports of Japanese products payday advances. Asahi Breweries lost 3.39% while 1.82% Ajinomoto let go.

Green moved into the rest of the region

Moreover, green was more widely installed.In Hong Kong, the Hang Seng began a rise of 0.59% and 0.77% gains at the close in Tokyo. In Shanghai, the Shanghai Composite has remained stable since the beginning of the session and displays a small increase of 0.09%.

In Korea, the Kospi advance of 1.08%, the S & P gained 1.01% Australian and Indian Sensex is 0.79%.

Oil retreats

On oil markets, oil prices retreated in electronic trading in Asia, after several days fueled by rising unrest in Libya. In morning trading, a barrel of light sweet crude for May delivery yielded 31 cents to 105.44 dollars. That of Brent North Sea crude for May delivery declined 27 cents to 115.28 dollars.

"Among the factors weighing on oil prices include the increase in weekly U.S. crude stocks.These stocks rose 2.1 million barrels, which is higher than expected, "said Ong Yi Ling, an analyst at Phillip Futures in Singapore.

PSA remains the champion of patents - March 23, 2011

Facing the crisis, French companies have on average continued their innovation efforts. According to figures released Tuesday by the National Institute of Industrial Property (INPI), 12,400 patents were in fact published in 2010 (and filed between July 2008 and June 2009). An increase of 4.7% over the previous year.

No change in the top three: the automotive sector remains at the top of the poster with PSA Peugeot Citroën, with 1152 champion patents. He is well ahead of its rival, the Renault group which counts 562. However, both manufacturers have significantly reduced their innovation efforts: the number of patents of PSA and Renault declined by 9% and 38%.

High concentration

Conversely, patents filed by L'Oreal, the number three ranking, increased 6%.The biggest increase for the Arkema Group, has filed 161 patents, an increase of 49%!

In total, the first twenty applicants concentrate 40% of patents publiés.Si companies represent nearly three-quarters of applicants, three research centers are also taking their game: 4th ranking, the Atomic Energy Commission and Energy Alternatives (CEA) was 19% more patents issued in 2010 than in 2009 overnight pay day loans. In 7th place, the Centre National de la Recherche Scientifique (CNRS) sees its patents jump of 37%. Finally, the PFA-Energies Nouvelles ranked 10th.

Up 18.5% in 10 years

"French companies of all sizes, make great efforts to maintain and increase levels of competitiveness and attractiveness of France, welcomed the Minister of Economy Christine Lagarde, quoted in the statement."In 10 years, the number of patents filed by French companies has also increased 18.5% despite the passage of several crises," said Yves Lapierre for his part, Director General of INPI.

For the INPI, the increase in patenting is "the combined result of the progression of major groups and some major players in public research, but also for SMEs that maintain their effort in 2010 with an increase of 10.8 % increase in deposits. " The Institute also attributes this growth to its "efforts (…) in information and awareness on industrial property but also to simplify procedures." Electronic filing of patents is now 69% of deposits.

Alcohol increasingly popular in the Gulf - March 21, 2011

Taking advantage of the increased flow of tourists in the Arab, the world leader Diageo liquor has increased its sales in the Near East and North Africa by 16% over 2010. The Gulf region alone accounts for 44% of group sales. After the modest 6% rise registered in 2009, growth accelerated to sales in this region, mainly through the introduction of liquor into luxury hotels and the opening of a liquor store high range in the Dubai airport last December. The British giant, which sells brands including Smirnoff, Baileys and Guinness beer, is also in talks to open another liquor store in the duty free area at the international airport of Qatar.

"The Persian Gulf countries become important markets through international deductions that, as the Formula 1 Grand Prix of Bahrain or the World Cup to be held in Qatar in 2022. This gives us new opportunities, "says Jane Ewing, executive director of Diageo for tourism Modial and the Near East (GTME), indicating that the company expects to double its sales in the region over the next 5 years .

A strategy of non-alcoholic beverages

Diageo is not the only company to be present on the market of Gulf countries. The Dutch brewer Heineken has become famous in this area because it was part of the official sponsors of the European Championship football."Heineken is one of the main sponsors of the Champions League UEFA championship which is very popular in Arab countries," said John Paul Schuirink, communications manager for Heineken, adding that the association group of football was a way to reach customers in the Middle East. The group announced a net profit of 1.44 billion euros in 2010, up 41% compared to 2009, showing in its annual report an increase in its production by 12% for countries in Africa and Middle East.

Besides the liquor, the Dutch group also distributes under its own brand of soft drinks, including fruit drinks made from malt, became particularly popular among young consumers in Arab countries. Thanks to these drinks, Heineken owns nearly 40% of the beverage market in the UAE, 70% and 90% in Lebanon to Egypt.For the Dutch company, the market for Persian Gulf countries remains small, but easy enough to win with less intense competition.

Alcohol is forbidden by Islam, some countries in the Middle East, like Saudi Arabia or Kuwait, totally prohibit the marketing. In Bahrain or Dubai, foreign residents must obtain special authorization to buy drinks in shops alocoolisées with special licenses. These limitations do not hamper the producers: "Every country has its limitations. We are committed and we respect them, "says Jane Ewing Diageo, stating that these laws do not inhibit the growth of sales.

Ethics is not the strongest of French companies - March 19, 2011

The classification of most ethical companies by Ethisphere done sulking French companies. As every year since 2007, the American Institute has selected a hundred multinationals under their ethical commitment. A multitude of criteria, such as good governance, environmental impact, philanthropic investment, transparency, or the existence or non-infringement litigation or regulations have been reviewed by the institute. Ethisphere does not keep track record, but this simply by sector companies the most virtuous of the year.

This year, the Anglo-Saxon carve the lion's share. eBay, Accenture, General Electric, American Express, Caterpillar, Starbucks Coffee, Manpower, or Cisco Systems are among the elected. Microsoft is entering this year ranked, among others through philanthropic programs implemented its last years.None of its major competitors, like Apple or Google, have instead been selected.

Over a hundred companies selected, only two French take their game: the industrial group Schneider Electric and the property management company Unibail Rodamco. They replace the two hex distinguished companies in 2010, L'Oreal, which suffers from the case Bettencourt – and Sodexo.

Ethical companies outperform

At Schneider Electric, we consider that this distinction is the result of a policy for five years no fax pay day loans."We have developed a document that serious black and white group responsibility towards its stakeholders: employees, customers, suppliers, shareholders, competitors … For example, employees do not go at discriminate, encourage dialogue, to behave with respect in business relationships, participate in local sites where the company has … "says Gilles Vermot Desroches, Director of Sustainable Development at Schneider Electric.

A document is not intended to remain a dead letter. "In late 2010, an internal audit was conducted to verify that everyone was well aware of these principles. And now, for they are well rooted in the mentality, all of our employment contracts mention them, "says Gilles Vermot Desroches.

The inclusion of such principles is not an ethical impact.Comparing the average performance of selected companies since 2007 to that of companies in the S & P 500 Index, notes that the first Ethisphere outperformed by nearly 35 points. While the results from those of the S & P 500 rose on average by 9% since 2007, the panel of companies chosen by Ethisphere has won nearly 45%. "This proves that those who think that dealing with the ethical principles relates have it all wrong," says Gilles Vermot Desroches.

Olympique Lyon, France champion of deficit … - March 17, 2011

Olympique Lyonnais (OL) could have done this "title" (if one can speak of "title"). Anyway, this is not what the president OL Jean-Michel Aulas was hoping for his team. With a deficit of 35.1 million euros for the 2009-2010 season, according to figures released by the National Monitoring Directorate and Management (DNCG), Lyon displays the largest loss in Ligue 1. And despite a semifinal of the Champions League and a second place finish in the French league. These 35 million represent the total amounts of Karim Benzema transfer to Real Madrid …

Anyway, while the club prepares to break ground a brand-new stadium and Constable of football, the DNCG, prepares to strengthen its monitoring of financial accounts of the Ligue 1 clubs, the loss n is not the most beautiful effect.Especially when we know that Lyon is supposed to be a model for financial management, in the words of its president.

The facts are clear: two consecutive years without a title sponsor (BetClick) prohibits the display of last season (the Act paris sport in France has not yet been passed) and periods where the sums of the transfer window shipments have surged (around 80 million euros invested in 2009-2010, including 22 million euros for the Yoann Gourcuff, "little fun" by Jean-Michel Aulas). And here Olympique Lyonnais ugly duckling in Ligue 1 on the economic front. After pranced ahead in 2008-2009 with a profit of 5.3 million."The equity (130.8 million euros in 2009-2010 for Lyon, Ed) are the most important," claims the president of the OL.

Lyon PSG +: 57 million loss in 2009-2010

If the loss posted by Lyon is surprising, that of Paris Saint-Germain was more expected. The capital club lost 21.9 million euros in 2009-2010. Since 1998, PSG has accumulated 306 million deficit, nearly 25 million loss a year! Over three quarters of this amount was offset by the former shareholder of the club, Canal +, the rest by its successor, the investment fund Colony Capital. Together, Lyon and PSG account for about half the deficit of the Ligue 1 (115 million).

Conversely, the former champion of France Marseille came close to achieving a balance with a loss of 0.4 million euros in 2009-2010.Bordeaux and its predecessor, despite the second half of the season missed, serves very good student with a profit of 2.2 million euros. The club Girondins second only a few hundred million euros … Lorient and its 2.8 million profit. Montpellier (400,000 euros of profit) completed the podium. Note that the most profitable clubs are those whose share of payroll in the budget is the lowest. And the reverse is also true. A meditation for the leaders of French clubs, while the establishment of financial fair play is approaching slowly but surely …

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Japan: Production of semiconductors threatened - March 16, 2011

They are essential to the operation of computers, cell phones, tablet PCs or even cars and many household appliances. The semiconductor industry is the subject of much concern since the earthquake and tsunami that devastated Japan. The country provides its own 1/5th of world production, 40% of flash memory on the planet. The flash memory can retain data stored over a long period (several years) without being powered by electricity instead of computer memories (RAM) for example.Cheaper to produce than the RAM, energy efficient, compact flash memory replacing hard drives often for devices requiring a small storage space.

According to iSuppli research institute, the components affected by the disaster include NAND flash memory, DRAM, microcontrollers, LCD displays LCD and LCD components and materials.

In dozens of factories in Japan, production is stopped. Toshiba, which supplies a third of NAND flash memories in the world, announced it has cut the current in all its production plants, thus cooperating with the Tokyo Electric Power Company (TEPCO), which seeks to regulate energy demand. Only the group's headquarters and essential services to its business are always supplied with electricity.In addition, Toshiba semiconductor plant in Iwate in northern Iraq, remains closed without the group is able to predict a date for reopening.

The eight plants Sony have also ceased trading. For its part, Texas Instruments said Monday that production was suspended two of its factories and it would not find their level before the month of July. The group is, however, managed to redirect 60% of its production to other sites.

Transport destroyed

Most is the damage inflicted on the country's infrastructure that threatens the chain of production of semiconductors."While some real damage in the factories producing electronic equipment were reported, the impact [the earthquake] on transport infrastructure and energy will lead to disruptions in the supply chain," iSuppli analysis.

Even when the plants suffered little damage, difficulties accumulate to ship production by sea to source raw materials or even for the workers to go to their workplace. The Japanese government has warned that the closure or destruction of ports, airports and roads would have a "significant" on the country's economic activity.Manufacturers whose factories have been spared by the earthquake suffered power cuts that slow their activity, according to iSuppli, is notably the case of producing components for Panasonic LCDs.

Furthermore, Japan provides over 60% of the silicone used to manufacture semiconductor chips, said iSuppli. If the chain of supply of this substance is also disrupted by damage to the country's infrastructure, other semi-conductors could see production threatened as bipolar transistors and small signal.

A shortage of parts or components is expected, "which could raise prices or to delay production of our favorite gadgets, Engadget Cares, specializing in new technologies.

Two weeks stock

But the supply of semi-conductors should not miss before the end of the month: "The global supply chain has about two weeks stock of semiconductor components affected by the earthquake," said iSuppli. This is the case, for example, the South Korean manufacturer Hynix memory chips and Taiwanese Wintek, which manufactures the module iPad Touch 2. This does not prevent the two companies begin to seek other suppliers in South Korea or China.

The shortage has not be good news, prices have already begun to soar following the announcement of the stoppage of the plant in Iwate Toshiba, the price of 32-gigabit NAND has jumped 20% Monday and another 3% on Tuesday.DRAM, for their shares jumped 7% on Monday.

Meanwhile, the Japanese government tries to reassure investors: the Japanese Minister of Finance Yoshihiko Noda said that the markets fell in response to "transitory factors". "The production and economic power of Japan are not on the ground," said his side Economy Minister Kaoru Yosano.

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Hermes family pack crack - March 14, 2011

Bernard Arnault, boss of LVMH, has found an ally in the battle between the family heir to Hermes. Nicolas Puech, shareholder of Hermes, has said in effect open to any cooperation with the luxury giant, in an interview with the Journal du Dimanche (JDD). The heir to the fashion house did not show against this eventuality, provided that it is "the benefit of our house and she keeps her free will." A position which denotes the rest of the family who was a holding company to counter the surprise arrival of LVMH's capital.

Nicolas Puech is not conducive to the formation of a family holding company for LVMH counter. "I told my family confining our shares in a holding would have the disadvantage of depriving the family shareholders of their individual power control on management.Freedom of each is the best guarantor of our unity in the long term, "said Nicolas Puech.

The heir who owns 6% of Hermes, is the largest block of shares in the group, further emphasizes that it is not isolated from his family at this position faxless cash advances. The agency Bloomberg has in fact recently reported that about twenty members of the family refuse to return in the new holding company, representing 7% stake in the company. But Bloomberg did not disclose their identities. An unlisted company froze 50.2% of the 70% held by members of the family had been Hermes was established at the initiative of 52 cousins.

Moreover, the speeches of leaders of Hermes is usually marked by a strong hostility against LVMH and his boss Bernard Arnault. Patrick Thomas, managing director of Hermes, said in early March that his group had no contact with LVMH."The synergies with LVMH does not interest us," said the officer was at the presentation of group results. But the position of the heir dissident could change relations between the two groups.

In exchange, the luxury sector is particularly affected. The LVMH shares (-2.7%) and Hermes (-2.25%) fell back as their homollogue PPR (-1.5%).