Since the presentation of the tablet from Amazon on Wednesday night, no one talking about it: price, so aggressive. At $ 199, Kindle the Fire will be 60% cheaper than the first of the iPad, sold to 499 dollars (489 euros in France). If the surprise is – analysts had expected, at best, at a rate of $ 249 – Tablet Amazon profits actually a series of well thought out choices that contribute to get its costs down without crop quality business
This is unprecedented in the history of the Vendée Globe, which will start the 7th November 10, 2012 from Les Sables d'Olonne. At 14 months of departure, half of the expected plateau of the skippers in this race around the world solo, nonstop and without assistance, has not found sponsors to support them.
In detail, the organizers of the event have so far received confirmation of the participation of twelve sailors, including Jean-Pierre Dick (Virbac-Paprec), Vincent Riou (PRB), Kito de Pavant (Bel) or Armel Le Cléach yet '(Banque Populaire).However skippers also titled (thirteen in all) that Jeremiah Beyou (last winner of the Solitaire du Figaro), Yann Elies, Jean Le Cam, Raphael Dinelli (four Vendée Globe on the clock) or the revelation of the last Vendée, the British Sam Davies, is currently docked for lack of partners.
"You can imagine without the Vendée Globe sailors who all have unique or promising career," says Denid Horeau, Race Director. Given the urgency of the situation the organizers (SAEM Vendée) and its partners (the food company Sodebo, the General Council of Vendée and the town of Les Sables d'Olonne) organized a demonstration on Thursday that aimed to évémentielles agency relationship, prospects and sports."We hope that this current waiting list quickly becomes a list of registered voters," insists Jean-Pierre Champion, President of the FFV (French Sailing Federation).
No need to budget staggering
Although it is difficult now to convince the business community to mobilize in the sports sponsorship budgets in times of economic crisis and financial uncertainty, the race around the world (known as the Everest of the Seas) intends to assert its assets.
They are obviously many: 1.7 million viewers for the start in Les Sables, or the arrival in the village, some 466 hours of television (which highlight the boats and the names of their sponsors), near 59 million Internet users after the race …."Since our commitment to sailing in 1998, media coverage amounted to more than 82 million euros," says Pascal Cadorel, communications director of the family group Sodebo, which also sponsors Thomas Coville. As for his reputation, it was multiplied by 18 over the same period. Return on investment, media coverage, mobilizing tool in-house employees: Vendée Globe partners have increased their arguments persuasive and have wanted to attract new investors.
"No need to get on the Vendée Globe with staggering budgets. Even small projects can impact winning, "repeated Christopher Chabot, CEO of Akena Verandas, which posted 25 million euros in sales when it is committed to sailing in 2004.Today Arnaud Boissières sponsor, the group is No. 1 manufacturer of conservatories from individuals and has 700 employees. "This is the works council who insisted that we continue the adventure in sailing," said he. That's why he campaigned for SMEs to join the adventure and trying experience of sailing sponsorship.
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The CAC 40 plunges into the red Monday. The benchmark index of the Paris Stock Exchange, which closed Friday on the day of a severe fall of 3.6%, falling 3.64% to 3037.72 points in mid-session after opening down 2.41% to 3072.51 points. The movement is the same in the rest of Europe in London, the FTSE-100 index lost 1.90%, in Frankfurt the Dax was down 2.96%. Madrid and Milan unleash respectively 3.09% and 3.04%.
The health of European banks up to the center of attention. The President of the French Banking Federation (FBF), François Perol, recognizes this Monday, in an interview with Les Echos, that if "bank liquidity in euro is not a problem," "the dollar is more refinancing tense. "Executive Director of the International Monetary Fund, Christine Lagarde, in turn repeats, in an interview published Monday in Germany, criticized the request of a European bank recapitalization. "We think in general it is necessary to recapitalize European banks so that they are strong enough to withstand the risks associated with the debt crisis and low growth," she told the weekly Der Spiegel.
The chief executive of Deutsche Bank, Josef Ackermann, in turn, poured oil on the fire by saying that some European banks would not survive if they were to reassess the sovereign debt of their accounts at market price.Recapitalization forced the European banking sector could in turn send the wrong signal to markets, in this case the loss of faith on the part of authorities in the ability of measures to succeed, however, said Josef Ackermann .
Societe Generale lost 7.96% to 20.40 euros (largest decrease in the ACC). The bank is also penalized by the U.S. federal agency oversight of mortgage that has filed a complaint Friday against 17 major international financial institutions which include the French bank, for a total loss of $ 41 billion in bonds linked to subprime .
In its wake, BNP Paribas lost 7.33% to 30.97 euros, Crédit Agricole 6.22% to 5.80 euros and 4.85% at Axa 10.01 euros. Natixis lost 5.05% to 2.57 euros.The aerospace equipment Safran (-2.78% to 26.25 euros) will make its entry into the CAC 40 index, while the bank Natixis is about to leave, said Friday the Scientific Council of the indices of NYSE Euronext. The changes take effect Sept. 19.
Bad signals on growth
In addition to banking problems, the first global economy has fueled fears of a global slowdown by announcing Friday it had no jobs created in August. Following this announcement, Wall Street closed on a sharp drop of more than 2%. U.S. markets will do on Monday with European stock any procedure they will remain closed for Labor Day (Labor Day observed every first Monday of September)."Wall Street remains closed doors, it seems unlikely that operators take the slightest risk," said Chris Weston, an analyst at IG Markets.
In China, HSBC index of purchasing managers in the Chinese sector services slowed to an unprecedented low in August. Seasonally adjusted and calculated by the Institute Markit, it fell to 50.6 after 53.5 in July
No other indicator may move the indices are expected on Monday. One highlight of the week will be the release of the Beige Book Fed on Wednesday night, which will be the summary of economic conditions in regions in the United States no fax payday advance.
No recession expected in Europe
The side of the euro area, European Commission President Jose Manuel Barroso, has tried to reassure investors.Traveling in Australia, he said that the European economy would experience in the coming months a "moderate growth" without going into recession. "We do not anticipate a recession in Europe. The latest forecasts from the European Commission show that the growth will be at the meeting, although this growth will be moderate, it is true, "he said in Sydney.
Markit, the company that carries out the PMI, however, said on Monday that growth in private activity in the euro area slowed more than expected in August, falling to its lowest level in two years, reinforcing fears of a return to recession by the end of 2011. The composite index, which summarizes the activity in the service sector and manufacturing fell to 50.7 points against 51.1 points in July, according to a second estimate.
For his part, Jean-Claude Trichet, president of the European Central Bank said it is "imperative" to implement the decisions taken by Heads of State and Government of the euro zone in July to resolve the debt crisis.
The euro fell to 1.4127 dollars, its lowest level in three weeks. For their part, oil prices were down in electronic trading in Asia, depressed by the poor figures on employment in the United States. A barrel of "light sweet crude" for delivery in October lost 59 cents to 85.86 dollars per barrel of Brent North Sea crude for October delivery 74 cents to 111.59 dollars.Saft takes off
EDF: -2.77% to 20.37 euros
The Italian Minister of Industry, Paolo Romani, said Sunday he would meet Monday Proglio about the power company Edison.
ArcelorMittal: -4.67% to 13.46 euros
Peabody Energy and ArcelorMittal announced Monday it had extended until September 27, the period during which the short bid for $ 5 billion (3.53 billion euros) on the Australian Macarthur Coal.
Zodiac: -1.94% to 54.05 euros
The group said it had completed the acquisition of the American Heath Tecna and have reached an agreement with its banks to raise 300 million euros the amount of an existing credit line.
Schneider Electric: -6.01% to 41.35 euros
The French government intervened with the company to freeze a plan for the removal of one.000 temporary positions, the daily Liberation in its Monday edition, but the group has firmly denied to AFP such a plan.
Saft: 4.81% to 22.87 euros (largest increase in the SBF 120)
The American automotive supplier Johnson Controls will pay $ 145 million (102 million euros) to the French specialist in batteries as part of an amicable agreement ending their joint venture in the automotive industry, announced Friday the two groups in a joint statement.
Alstom: -5.16% to 29.21 euros
The group signed a 66 million euros with Iraq to build a power plant in the province of Nineveh in the north, said the Iraqi Minister of Electricity.
France Telecom: -1.67% to 12.36 euros
TPSA its Polish subsidiary has announced to contest the fine of 128 million euros that inflicted the European Commission.
After market, environment and Dried Assystem unveil their first-half results.
The bill may be steep Irene. The governor of New Jersey, Chris Christie, has evaluated this Sunday on the NBC television network damage caused by Hurricane "billions of dollars, even tens of billions of dollars." According to an alternative estimate delivered by the consulting firm Kinetic analysis, the hardware cost of this storm is expected to rise between five and ten billion dollars, most likely around seven billion. Just to the North Carolina and South Carolina, two states already affected by the hurricane, the amount of losses expected to reach between 200 and 400 million.
Above all, this damage should be responsible in large measure to the State, businesses and individuals, when insurers should take on a lesser share of the burden, said Chuck Watson, one of the leaders of Kinetic Analysis told AFP."Most of the structural damage will be caused by the rising water because of rain and coastal flooding. Yet this type of damage is not covered by private insurance, "said he.
The same applies to losses caused by the cessation of activity in areas relevant to the coast, or the cost incurred by the evacuation of hundreds of thousands of people. Thus, New York, usually hectic, has been transformed this weekend into a ghost town, most shops have closed up shop and residents have been urged to stay home. But there is no damage reported, insurance should not pay a dime to compensate their members.
Insurers expected to be down
Insurance companies, however, should see their value fall Monday at the New York Stock Exchange.On Friday, insurers Allstate and Travelers had fallen to the lowest levels for two years, investors anticipate the costs incurred by the hurricane for those companies.
The amount of the invoice should still be less than initially estimated. Thus, Kinetic analysis was planned on Friday that a tornado could generate over 12 billion euros of damage if it hit New York at the height of its intensity. Finally, she was demoted to a mere tropical storm, with winds still 100 km / hour. These amounts are in any case of a different order of magnitude as the colossal damage of about $ 100 billion registered during Hurricane Katrina in 2005.
The fall of 6.9% of GDP in the second quarter is not for nothing. While the empty streets of Athens with the approach of August 15, the Greeks are reluctant to take a vacation. According to a survey by the Consumers' Association, six out of ten Greeks will not go this year because of the crisis. Specifically, "46% do not go a week, and only 5% will go over two days," Gianna Karatyni analysis of the Consumers' Association. "Morale is not, but the wallet either. Now the Greeks think twice before leaving, especially when the price of ferry tickets, for example to go to Crete for a family of four with a car, is 600 euros, one quarter of household earnings. A luxury, "she says.
Yet the absence of the Greeks is not visible on the beaches of the islands of the Aegean Sea. And for good reason, this summer, tourists from around the world flock by the thousands.Travel agencies estimate that 20% increase in bookings compared to 2010. "The French are fighting the same record," adds Theodore Chartomatsidis, director of the Hellenic Tourism Office in Paris: "Applications abound every day with our services. The numbers prove it. There is, for now, an increase of at least 28% of French tourists in Greece this year, "says he. "That means they could exceed one million visitors, a figure that was the goal for three years. It is therefore encouraging because with few means of promotion, we have shown that there is another Greek than the economic crisis, like the food for example. The French responded immediately, in solidarity, above all, "he adds.
A safer country as Tunisia and Egypt
In the port of Piraeus, boats, coming and going in the islands of the Aegean Sea, are met.Karine, a French tourist, who came with family, preparing to embark for the island of Kalymnos in the Dodecanese. Impressed by the number of travelers, she concluded that ultimately the economy will be beneficial to Greece: "I think people, especially the French, were frightened by the situation in Tunisia or Egypt. Greece remains a safe country, to which is attached without really knowing him. The holidays are enjoyable, even if sometimes small strikes, "said she. Like many tourists, Karine does not hide his desire to acquire a small house overlooking the sea "if prices fall with the crisis," she says. The property prices have not fallen but never mind, for some tourists, there is an incentive to come back next year.
The Greeks do not let themselves down so far.Some invade the beaches near the capital, while others go for short-haul and less expensive way, almost 30% of Greeks went beyond their prejudices to enjoy the beaches and rates of neighboring Albania.
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Coq sportif gradually reinvesting its native lands of the Dawn, capitalizing on its image Franco-French. The sports equipment was reinstalled last year in Romilly-sur-Seine near Troyes – a few miles from Sodimedical, society in turn threatened to relocate – in the industrial cradle he was born there one hundred thirty years.
If production is largely carried out in Portugal, the group is established with the help of the town hall, a center of development of its textile lines in September 2010. "In this economy, every job is important!" Notes Eric Vuillemin, mayor of the town, who was involved up to 700,000 euros for the renovation of the site.Models of the brand are now developed, and to do that, fifteen jobs were created.
Flexibility
Like Rossignol, another French brand of sport with relocated, the move comes as part of the recovery of the group in trouble after its acquisition by Adidas in the 70's. 22 years after leaving France, the new owner of Adidas in 2005, the Swiss investment fund Aires, has chosen to focus its strategy on the high end and quality French.
By refusing to subcontract as the creation of other brands and product development, Adidas claims to have improved in quality and uniqueness guaranteed payday loans. "We control our now in-house research and development, what sets us apart from the competition," it is argued.Like many companies that have relocated, the brand is also pleased to have shortened the production time and thus become more flexible.
Fifteen new jobs created
Two advantages that should further strengthen next year. Because the group now plans to relocate for the first time a production unit in France, always in Romilly-sur-Seine. The new plant, expected to be operational in early 2012, will produce the high quality collections of the brand. Fifteen new jobs will be created.
This repositioning has been paying more. Profitable since 2009, the brand registered in 2010 a turnover of 89.8 million euros, up 8% over the previous year.While Adidas is still a small player in the sports equipment, compared to giants Nike, Adidas and Puma, Airesis stresses that its market share in footwear in France is increasing from 6% to 9% last year .
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Thirty years and not a wrinkle. MTV has reached a venerable age but decided not to grow old with those who, on 1 August 1981, discovered amazed the first television channel dedicated to music. A pioneer, she said that day, not only by imposing as a signature image of an astronaut planting a flag alum and weapons of MTV but also by spreading the first music video in the history of television, Video Killed the Radio Star of Bugglers. Created by Warner and American Express, American chain invented at the time, "the first form of synchronization between picture and sound," but also popularized "the phenomenon of DJs who will push to the extreme contextualization of the music. "In short, MTV is a string subversive.
"Music has long been a huge factor for personalization and identification of the artists," says Thierry Camas, president of MTV Networks France. "We got dressed, and adopted the lifestyle of our stars." With MTV, fans no longer confined to the glossy magazines but follow the escapades and the hits of their heroes on TV and live … historical moments. And Michael Jackson invented the moonwalk, virtually live on the chain-y launched its exclusive clip Thriller. A real event that had nothing to envy to the cinema with his unique format of 14 minutes.This video has forever changed the art of music video and assured the heyday of the chain.
Sensor trend and unparalleled observer of the youth which is the heart of business, MTV is probably the first to feel the mid-1990s that music is becoming commonplace in the extreme. Developed in 2010, the words "Music Television" logo. "The accessibility of music on all platforms, sharing it via social networks has introduced a twist that few industries have known," said Thierry Camas.
Teen in all its formats
The chain is reinventing its original format and media proclaims generational and transgressive. In those years, the musical chain accounts for only 50% of the grid. But to counteract this movement, the group creates variations 100% music.MTV puts adolescents at the center of its innovative all-out in terms of formats. It in the headlines by inventing the first two reality shows with "The Real World" in 1992 and later, the controversial "Jackass." The chain has also exported its "Pimp My Ride," the reality show with crazy cars. Bought in 1986 by Viacom, MTV is developing an international and binding on all distribution platforms. It now operates in 160 countries and has 170 variations. For the group, only one word: "preserve the value of content" on all modes of broadcasting, including video on demand.
"We're agnostic in terms of distribution provided that we are paying," insists Thierry Camas.Today, the group derives its income to 60% of the royalties from operators and 40% advertising.
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The globalization of the industry makes it still relevant national trade statistics? The World Trade Organization (WTO) has been working since October on this issue. "If the needs of the changing social and economic policy, statistics must adapt," said Pascal Lamy, Director General of the WTO.
This thinking has led, in June, the launch of Made in the World Initiative, said MiWi. This project – Made in the world – aims to complement the traditional statistics by providing a new angle of approach to globalization.
The WTO is an example of the manufacture of a Boeing 787 Dragline.Admittedly, this is an American plane produced by Boeing, but the list of international suppliers of parts and components is long: the wings and forward fuselage from Japan, the center fuselage from Italy, the engines of the United Kingdom, brakes, electrical equipment and tools in France.
Boeing included in the export statistics of the United States can also be included in part those of other supplier countries Same day payday loans. Also making a hard drive in Thailand, an input to the composition of the computers, involves components and parts from more than a dozen Asian and American.
Additional data
"It is necessary to better understand the global value chains to better understand the nature of trade and production process.As such it would be useful to have more detailed data on trade in services, "said Jean Arthuis, chairman of the Senate Finance Committee.
The initiative of the WTO is "for the moment, more an aid to understanding a negotiation support," says Christophe flung, one of the project within the organization. The aim is to popularize the measurement of international trade to produce, over time, additional data on foreign trade. If it is completed, MiWi promote a measure of international trade more adapted to reality and offer a new angle of approach flow valuation.
After months of tensions, the thaw begins between Areva and EDF. Luc Oursel, the president of the giant nuclear conducted this afternoon in his first official friendly in its factory in Saint-Marcel, near Chalon-sur-Saone, the chairman of EDF, Henri Proglio. The symbol is strong. And the two heavyweights of the team of France's nuclear formalized their merger by signing three agreements "technical and commercial." The event was announced by The Tribune before being confirmed by the Minister of Industry, Eric Besson, who also visited the site of Saône-et-Loire.
Luc Oursel assured wanting to "write a new page" in the history of relations between Areva and EDF. For its part, Proglio said that "Areva is intended to be a major partner of EDF".
Specifically, these agreements should help to clarify the relationship between the two groups.They focus on "the pursuit of optimizing the EPR, increased maintenance of the park" and "the strengthening of industrial cooperation on the storage of radioactive waste." Described as "historic in some ways" by Eric Besson on France Inter this morning, they aim to "ensure consistency throughout the French nuclear industry."
"A willingness to cooperate more»
A fourth agreement should focus on optimizing the third generation EPR reactor, improved maintenance and operation of existing nuclear plants, to prepare for extending the period of operation beyond 40 years and the management of the Nuclear Fuel Cycle.
The date of its signature was not specified, but it should occur in September, according to a promise of college participants in the meeting.Which will complete the strategic partnership, called by President Nicolas Sarkozy in July 2010.
The two companies also intend to continue discussions on the development of medium-power reactor Atmea, in which EDF would not participate. But these discussions will lead to another executive that the contracts mentioned Monday.
Another point of interest between the two groups that was you today, the assumption of an equity investment by the electrician in the future mining subsidiary of Areva is "neither foreseen nor ruled out," says Eric Besson. "There is a current subsidiary of the Areva mining activity that had been recorded and we will see who will enter the capital," he said. The latter, however, said on France Inter does not "feel" at Henri Proglio will "particular" to enter the capital of Areva."I feel from Proglio a willingness to cooperate more with Areva, what we today RECORDED agreements very important, but I do not feel particular pressure at home to enter the capital of Areva" said he. No details were given about not e the two leaders after their meeting.
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Much bagaille should be avoided. While seven union stewards and hostesses of Air France had filed a strike notice for the next weekend (July 29 to August 1), the airline has come this Saturday morning to sign the minutes of end of conflict with union representatives. What not to many flight cancellations in the great cross-driven summer from July to August, and escape the nightmare scenario met in mid-July by the customers of Air Algeria. The Algerian company was also affected by a strike of its crews, resulting in the virtual paralysis of European flights to the country.
Whereas yesterday, the agreement has been finally found Saturday afternoon between the airline and the Inter (CGT, CFDT, CFTC, Unac, NPNC and UNSA), resulting in the lifting of the strike notice filed Monday.Only Southern Air has so far not given its approval. The seven organizations representing the commercial crews (PNC) called for the opening of negotiations on the organization of work, especially in the bases in the provinces, but also the medium-haul and long haul. This is now done, the group of Pierre-Henri Gourgeon has agreed to reopen discussions on the new rules of work (rest, compensation) provided to counter competition from low cost carriers.
Reopen negotiations next week
On this point, the flight attendants are opposed to such requirements in the new provincial bases (Marseille and Nice, Toulouse and Bordeaux) and denounce the proposed removal of a sailing aboard the Airbus A319 payday advance.They are supported in their claims by two minority unions of pilots (SPAF and Alter) who in turn refused to lift their notice for the next weekend. "The company has agreed to supply four A319 in the PNC until September 15," said Philippe Sport at UNSA. If it is impossible to have this number, the flight attendants should receive compensation (rest or premium). For its part, Air France said that the continuation of strike notice SPAF and Alter would have no significant impact on traffic. The reopening of negotiations with the flight crew should take place in the course of next week.
Still, the difficulties are not entirely discarded the French company, far from it. Management must also deal with Algeria-leAir SNPL resumption of talks, the union super majority in pilots.While the SNPL signed to 54% the proposed new work organization. But this time, the battle moves to the front of pensions. The powerful union remains opposed to the proposed reform of the pension fund additional pilots. Where a notice of strike filed this time from August 5 to 8, another busy weekend on the front of air traffic and going on holiday.
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