Aug 17 2014

Economic policy: Holland Valls and cling to their course

Tag: international, news, people, special, traveladmin @ 12:28 am

 

Why change a policy that does not work? Growth may well be zero, François Hollande 1s'en lies in the roadmap that has set December 31, 2013 and he subsequently clarified on January 14. At the 70th anniversary of the landing in Provence2 Friday it has raised the wrong digit INSEE indirectly, a sentence at the conclusion of his speech at the memorial of Mount Faron on "France, fifth economic power world and that means in its reforms, remain at that level. "

All indicators are nevertheless a potential worsening of the situation. GDP stagnated in the second quarter, as it had done in premier.3 Industrial production fell 0.5% between March and June. Business investment fell 0.8%. The trade deficit is still in the red and unemployment continues to rise and reaches 10.1% of the workforce. In early summer, Manuel Valls 4puis Hollande had also anticipated this deterioration, the head of state even evoking, August 4, "a real risk of deflation." The never-seen with the president, who had not abandoned his optimism for his now famous "recovery, it is" of 14 July 2013 …….

But … this brutal return to reality will apparently not impact the program returned from the executive. This is the conclusion of the workshop that were formed Holland and Valls midday Friday at Fort Brégançon5. For a little less than three hours, lunch melon-rib-including fruits, they sought how to maintain their course "with insight and fighting," said a presidential adviser. Sylvie Hubac, Chief of Staff at the Elysee, Gilles Gateau, Deputy Chief of Staff at Matignon and social advisor, and Gaspard Gantzer, head of communication of the Head of State, joined them for coffee. Upon his return

Hyeres, Manuel Valls said he was not surprised by the growth figures. "I myself had said on August 1 that we were going to have a difficult re-entry, he has said. I want to tell the truth to the French, I'm not here to hide the reality. "The Prime Minister said that" far too low growth "called further reform" as well as initiatives for investment in European ". New lunch

The government has yet to plead his case once at the summit to install the new européenne6 Commission, on August 30. The Minister of Economy, Michel Sapin7, set the tone in an article published by The Mondedaté August 15 where he tries to show "why we must refocus European economic policies." "France will not reach its goal this year in terms of its fiscal deficit despite total control of our spending," he laments. He believes that GDP growth "should be of the order of 0.5%" in 2014, instead of 1% under the amended Finance Act and adds: "There is no reason at present to predict 2015 is much higher than 1% growth. "

only source of consolation, the executive seems to preclude any further increase the tax burden," as was the case in the years 2010 to 2013, with the now known in terms of household purchasing and reduced investment capacity of enterprises' power effects, writes Michel Sapin. The Minister of Economy fails to mention that the levies have increased at a rapid pace since 2012 and have not dropped since. He does not say, either, what 'alternative measures' will restore two devices censored by the Council constitutionnel8: relief of employee contributions and lower taxes on jobs at home. A counselor

Holland confirms that the topic was discussed over lunch at Brégançon. They also talked about the "tax act" waited for the start but, according to the president's entourage, "has not yet been finally adjudicated." They returned on sites already programmed, including the revival of learning and the construction of housing. And, of course, discussed the situation in Iraq and Ukraine.

The tax and benefit package should be ready no later than the submission of the draft budget 2015 Cabinet in late September but the executive n did not intend to stay silent until then. Cabinet re-entry will be next Wednesday and the day before, Francois Hollande, and Manuel Valls have lunch together once again to study the timing of announcements and develop a communication strategy to show that, in adversity, they are more united than ever.


Aug 15 2014

A Korean bakery chain moves to Paris

Tag: business, life, news, people, top newsadmin @ 7:16 am

 

This is the story of the biter bit. While boulangeries1-French-inspired pastries multiplied abroad, particularly in Asia, now arrived in Paris a sign from Korea. Owned by the Korean group SPC, the chain Paris Baguette is an Asian heavyweight with more than 3,000 outlets mainly in its home country but also in the United States, China and Vietnam. And twenty-six years after its creation, Paris Baguette has planted its flag in late July in France, in the heart of the capital.

Just blocks from the Place du Chatelet, the address of 200 sqm with about 50 seats could serve as a bridgehead from the determination of company to expand in Europe. For

blend discreetly into his Parisian clothes, the channel has blurred the Eiffel Tower and its logo removed from the card specialties popular in Korea, sweetpotato or red bean paste. At the risk of losing a little soul. Because if the customer is split between European visitors arrived there by chance and Asian tourists spotting a known brand, some are disappointed to find croissants, sandwiches and other very classic salads without any exotic touch. Message received, it seems, by management since the house has begun offering an innovation to the French concocted since Korea. Called "saucer Châtelet," this dessert is almond tuile swollen custard. A culinary UFO halfway between giant flying saucer and madeleine to distinguish the face of stiff competition in Paris.


Jul 23 2014

Care are more expensive hospital and clinical

Tag: economic, events, finance, resources, traveladmin @ 1:32 pm

 Public1

The hospital should take lessons in productivity from private clinics. In its annual survey of hospital costs, technical Information Agency on hospital (Atih) noted once more the efficiency between the two feuding brothers health gap. It shows that in 2012 the average cost of caring for a patient amounted to 2,115 euros in public against 1204 euros in a clinic. These figures are however to be taken lightly, tempers the public agency, "the segments of the two sectors are different." Rest

even more precisely by comparing the costs generated by the same care and the same gravity, clinics are the most efficient. This is particularly the case in surgery, the operation is simple or complex. Stay for a prosthesis simple hip and costs 16% less in the private sector. Similarly, the bill for a fairly severe intervention in the small intestine and the colon is 30% lighter in clinic. Longer stays

public hospital

In terms of cancer, Atih details including treatment of "malignant diseases of the hepatobiliary system and pancreas" . The average cost of this care is 36% higher than in the hospital clinic, 3930 euros. The hospital, for a similar situation, in fact keeps the patient more fully within its walls: one more day for milder cases and up to seven days for the most difficult cases pay day loans. In addition, differences in efficiency are lower in the field of obstetrics. The birth of a first child with "vaginal" (without cesarean) and costs 2318 euros in clinic, 11% "only" unless the public.

How can these gaps in productivity between enemy brothers of private and public? France2 Hospital Federation (FHF), which represents public schools, argues that hospitals treat patients on average more severely affected than those received in the clinic. They are moreover increasingly precarious situation and must therefore stay longer in hospital. "It does not explain everything," but slides an industry expert. A hospital director recognizes that personnel expenses and circuit billing drain on budgets.

In the private sector, it does not have to look very far the reasons for the large productivity gap. "Medicare pays for clinical acts that are providing on average 20% to 22% cheaper than in hospitals, said Thierry Béchu, general secretary of the FHP-MCO (surgery and private maternity). This economic constraint invites us to be more efficient. Otherwise we are doomed to put the key under the door! "


Jul 18 2014

Global markets affected by the crash in Ukraine

Tag: events, features, money, online, publicationsadmin @ 2:44 am

The crash of an airliner in malaisien1 Ukraine2, which could have been shot, shook the western markets and fall titles airlines Exchange Thursday as investors feared the impact of the disaster on the economy mondiale.A Wall Street3 where indices nosedived after the announcement of the crash, the Dow Jones4 abandoned around 18:00 GMT 0.42%, 0.81% and the Nasdaq5 the broader S & P 500 0.60%. European shares have also been hit hard by these uncertainties and ended sharply lower: the Paris market ended down 1.21%, in Frankfurt, the DAX index fell 1.07% and the Stock Exchange London dropped 0.68%. Asian stock markets were still closed at the time.The foreign exchange market remained relatively stable in the evolving euro6 dollar7 1.3523 after falling to 1.3517 at 2:55 p.m. GMT dollar, a new low in a month, 1.3524 against dollar on Wednesday to 9:00 p.m. GMT.L ' euro evolves its lowest against the Japanese yen, a value considered as "safe haven" by traders from février.Du side pétrole8, New York crude (WTI) for August delivery climbed almost $ 2 and Brent the North Sea to London has appreciated by 0.73% to 107.91 dollars.L ounce of OR9 has appreciated and ended at $ 1,302.50 at auction evening in London, against 1,301 dollars Wednesday . U.S. bond market, where operators take refuge in times of uncertainty left his side sharply higher. The yield on 10-year Treasury fell to 2.467% against 2.538% Wednesday, and the 30-year to 3.287% against 3.348% veille.Signe the nervousness in the market, the VIX index, called "index fear "soared 15.45% reading at its highest levels of the dangerous semaine.Plus for markets that sanctionsLes markets have suddenly lost ground to 1530 GMT as investors have learned that a plane Line Malaysian Amsterdam left for Kuala Lumpur crashed in the Donetsk region in eastern Ukraine guaranteed cash advance. "It is frankly very bad news, rather than Western sanctions announced" Wednesday night responded Gregori Volokhine of Meeschaert Financial services. "It calls into question the safety of air routes in this region of the world and in other regions", as in the Middle East, continued Gregori Volokhine. However, "air traffic is very important for the economy." What worries the most, as portfolio manager, "is that this is not an accident but a downed aircraft is going to ask questions that had never been asked previously. Risk stray bullets "on airliners. "This is unsettling for travelers and investors," he has estimé.Secteur global air in baisseDes both sides of the Atlantic, particularly information on the aviation sector weighed American Airlines10 fell by 2.52% at $ 42.38, Delta Airlines yielded 1.95% to 37.13 dollars, United Continental 2.03% at $ 42.99. The aircraft manufacturer Boeing11 limited the damage and let go only 0.30% to 127.04 dollars.L German Lufthansa12 giant European airline, which announced after the close of trading on Thursday that decided to bypass "substantially" space Ukrainian air, closed down 2.37% to 14.61 euros on Euronext Paris Francfort.A Air France13-KLM fell by 1.45% to 8.77 euros. At the London Stock Exchange, International Consolidated Airlines Group, parent company of British Airways and Spanish carrier Iberia, fell 3.02% to 330.70 pence and easyJet 1.18% to 1,341 pence.


Jul 07 2014

"Good funds" Michel Sapin

Tag: events, money, opinions, publications, traveladmin @ 1:37 pm

 

Once again, Michel Sapin1 won the award for humor. "Our friend is finance, good finance2" Sunday launched our Minister of Finance Economic Forum Aix-en-Provence 20143, which this year had the theme "Investing invent tomorrow." Intoxicated by the brightness of Provence, our bagman asked himself the question: "Will it finance a happy, happy in the service of investment, to make people happy?" "Good finance" is one that contributes to real investments. But the needs are enormous. This is even with unemployment, the only true sequel to the global crisis of 2008-2009, as recalled Christine Lagarde4. "At the end of 2013, the GDP of the G205 was 8% lower than their underlying trend (if there was no crisis) and investment down 20% over what should be, "said the director of FMI6.

The diagnosis applies equally to private investment firms for public infrastructure projects. The World Economic Forum Davos7 has calculated that the global economy devoted to these 3700 billion a year in the 1980s. Today is just 2,700 billion, is a lack of 1,000 billion. Citing these figures, Christine Lagarde revealed that the IMF would present a study on this topic in early October on the 40 major economies.

"In the United States, the United Kingdom and Germany, budgets are now 10% lower than they should be," said said the boss of the IMF, while noting that, for France, it was not the case. The French deficit investment is doing well, in her view, on private investment. Collapse

investments

Michel Sapin, for its part ready to subscribe to this diagnosis, if not it also recognizes that danger looming on the side of local authorities. The new municipalities are now "very careful, a too cautious," said he acknowledged at his press conference. Already smarting from the collapse of the housing investment, which "cost 0.4 percentage point of GDP growth" we, according to his figures, it should not be depressed after the building now gaining public works. Featuring

himself an outstanding hearty temperament, Michel Sapin is satisfied that the conditions of the trust is there, "now that companies perceive new opportunities and the CICE arrives in their accounts. " As for the discontent of social partners, Medef8 among others, and the left wing PS9, he summarized by this formula: "The complainers, the rechigneux as they say in Berry, feed the slingers, and the slingers feed moaners. "


Jul 04 2014

The shock report on low-cost Inconvenient Air France

Tag: economic, opinions, publications, top news, worldadmin @ 5:09 am

 The report

Monday handed the CEO of Air France 1 on what to implement to fight against low-cost airlines will he kindly stored at the bottom of a closet I need regular. Ordered by Frédéric Gagey2, the CEO of the company tricolor to imagine a sustainable future for the activity "point to point" – that is to say without match, so – short and medium letter of Air France group flights and reduce losses (200 million euros in 2013), this report contains the recommendations of an expert group. If the CEO of Air France is expected that the strategy currently being conducted, ie reducing the number of devices and stops where the losses are important and maintaining three brands is reinforced, this is not the case.

Shares of Air France erode market

The rapporteur this job is none other than Lionel Guérin, the current boss Hop! 3, the company that brings Airlinair Britair and Regional, three regional entities of the Air France4 who steal appliances from 48 to 100 seats. The expert group has tried to cope and rationalize, at least on paper, a business operated by three different companies within the Air France group: Transavia5, the low-cost intended for leisure flights, Hop, that regional conducts domestic flights to major European cities (Budapest, Vienna, Prague, Barcelona, ​​Stuttgart …) and finally Air France whose market share erode. In some figures, these three companies together account 2 billion euros of turnover and employ 10,000 employees in this activity.

The facts are simple. Short and medium-haul to the hub at Roissy fueling long-haul flights Air France flights lose € 400 million per year but management tolerates some of these losses as it flows through the long-haul profitable. "We can accept losing to Air France 150 million euros per year to fill its planes at Roissy. These are costs that could virtually integrate long-haul, "says an analyst.

Beautiful margins low-cost

But no question of widening losses activity "point to point" that competitors such as EasyJet, Vueling or Volotea have captured while achieving beautiful margins. On flights between France and Europe, Air France lost 5 points of market share between 2010 and 2014. And the French domestic market, low-cost airlines increased from 15 to 27% market share between 2010 and 2014

. To stem losses the report proposes to set up in the autumn a new common organization Hop! and Air France for business functions such as optimization of sales by trade policy (revenue management), pricing … Each company would retain the operational management of its staff.

The report distinguishes between two market segments where business customers are involved and "VFR" visiting friends and relative, that is to say travelers who visit their friends and their families: a segment is predominantly leisure, whose customers are looking for low prices. Customers of the other, dominant business, favor the regularity and frequency while maintaining their wallet.  Contain

Air France flights to match

Transavia meets unsurprisingly expectations first and should continue to grow from Orly, its current base, with ten additional Boeing 737 for its flights leisure. However, to meet the needs of the second category two opposing scenarios: either Hop, regional, fully recovered activity previously carried out by Air France at Orly especially with its mini price!. Air France is building on its reputation in housing activity in a "brand connected" to its name

. Clearly, the report's authors propose confine the short and medium-haul Air France connecting flights to Roissy and let companies "agile" take care of "point to point". On the social level, this scenario would obviously have serious repercussions. "The situation may be very tense in the coming months," says an official of the group aware that the courageous decisions remain to be taken. Frédéric

GAGEY has in hand a "hot potato" that he should say at half results on July 25 that it intends to do.


Jun 24 2014

Montebourg prepares the "CAC 40 future"

Tag: events, finance, opinions, resources, traveladmin @ 7:29 pm

 The

France suffers from a lack of business intermédiaires1 size (ETI), these large SMEs, three times as many in Germany, which is the real engine of the German economy. Determined to turn the corner, Arnaud Montebourg2 said nothing less than "prepare the CAC 40 future," Tuesday at Bercy, on the occasion of the presentation of a study by Bpifrance3 and the General Directorate for Competitiveness, Industry and Services (DGCIS) on the economic prospects of ETI.

"We will assemble a team of France 40 SMEs, which will be selected during the summer with the intention to engage in an acceleration of their size "said the Minister of Economy, convinced that" our SMEs can become world champions. " The aim is to concentrate all efforts advice, funding support, on a core business, handpicked to make up the range very quickly.

"We incubators and accelerators startups. We do not have to SMEs. This is what we will put in place. These SMEs will be helped to export, innovate and grow. We will put in the oxygen tent to make very quickly ETI, "says Nicolas Dufourcq4, CEO Bpifrance, at the forefront of this project.

"Operation Commando"

The idea is to set up a sort of "commando operation, selecting a small number of SMEs, and encourage their hyper- combining all means, "says Pascal Faure, head of the DGCIS. The state already has in his sights SMEs likely to change scale, through the regional offices of companies, competition, consumption, work and employment5 (Direccte), following on the ground a thousand of high-growth SMEs considered "nuggets". "We will tap into this pool those that seem best prepared to sprint," he adds. On

Ubisoft6 in video games, through 7in Beneteau sailing, Boiron8 in homeopathic medicine or Babolat9 in ropes for tennis rackets, which are all included in their top 3 global market, France has beautiful ETI. But they are too few in number: they are only 4794 in France, against 12,000 in Germany, 10,500 in Britain and 8000 in Italy.

"You can do anything in France only when we invest," says Nicolas Dufourcq, citing the example of Gray Découpage10, industrial ETI specializes in fabricated metal washers for the automotive industry. A pure commodity product, and yet they have nothing relocated. But they are doing because they invest 15% of their sales! ".

The issue is critical because ETI are at the heart of the economic machine: they weigh 28% of total turnover of enterprises and account for 45% in executive recruitment, 26% of expenditure on research and development and 34% of exports. After a slump in 2013, ETI anticipate an increase in their activity in 2014, the times of investment and exports, especially in the industry, according to the latest business survey Bpifrance and DGCIS11 conducted in March 2014. Employment prospects also improved, with a quarter of ETI planning to hire in France this year.


Apr 18 2014

Road transport threatened by low-cost

Tag: Uncategorized, business, features, publications, technologyadmin @ 5:57 pm

 Between

a French truck driver paid 31,000 euros net per year and his Polish counterpart paid 16,000 euros, an international transport company quickly made the calculation, provided that the rate of social security contributions is almost two times lower than in Poland … This "splits" denounced by a Senate report information was again discussed Wednesday by transport professionals and political representatives to the Economic and Social Council where there was a European conference on harmonization of social conditions in the road freight transport.

For decades, the distortions of competition between low-cost countries and others are dug. The "French flag" represents only 10% of the European market for international freight while in 1999 it was still 50% court records.

This movement is irreversible, say industry professionals. Some large French groups (Norbert Dentressangle1 Geodis …) are still present in this segment but their leaders emphasize that only the creation of subsidiaries in eastern Europe has kept an international activity which reflects the shift in activity industrial on the Old Continent.

The liberalization of the road haulage market and the enlargement of the European Union do not facilitate the harmonization of working conditions.

Early December, Frédéric Cuvillier2, the Minister of Transport, now secretary of state, even denounced "behavior slave" in the transport sector. "I saw how employees are treated European countries, apart from all social rules and creates an unacceptable dumping" had he exclaimed. Social dumping

The FNTR3 (National Federation of Road Transport) which includes the majority of transport companies denounces illegal and effects of "optimization" practices. Clearly, the practices of "cabotage" – that is to say, the succession of loading and unloading of goods in a country other than that of origin in the context of international transport service – which not comply with the regulations. In this case, the French companies that provide domestic services compete with these international operators. Other companies circumvent the law by using light vehicles traffic is not regulated public court records. The FNTR

hope that a common European driver status could be created within five years. It would converge fiscal, social and regulatory. No question, however, to align this standard on the French model, consider companies. "We should especially harmonize working hours," said an officer who regrets the equivalent costs there ten years between French companies and their counterparts in West Germany are now 10% lower than in Germany because of for better productivity and lower payroll taxes. By coincidence, the directive on posted workers who can fight against the dumping social4 was adopted unanimously Wednesday to the European Parliament.


Mar 16 2014

Canal + and Sports beIN at loggerheads

Tag: business, economics, opinions, people, traveladmin @ 1:52 am

 At

beIN Sports1 as at Canal 2, was prepared heavy artillery. On March 7, the Professional Football League has triggered a general commotion in battle staffs of the two broadcasters precipitating the timing of the tender TV rights to the league 13 over the period 2016 – 2020.

For both channels, the issue is crucial. Even vital. If cinema is a strong argument to recruit new viewers in the case of Canal +, the true power of seduction, and even more that of beIN Sports, based primarily on sports, especially football. Without this discipline lighthouse, there is a good chance that customers will terminate their contract. By themselves, cinema and series will not make the weight in the case of Canal +. About beIN Sports, which has bought the TV at the football World Cup Brésil4 rights, the broadcaster can not establish itself as a premium channel without the best Ligue 1. What do flambé adding the rights to this competition. In a note, financial analysts and Natixis consider it possible that Canal + is seeking exclusive rights to Ligue 1 through very high inflation, rising from € 420 million per year to 760 million. "This would represent a significant investment but allow the group to" secure "the model definitely pay TV premium and have time to develop it, facing the threat of new entrants, as Netflix5." …..

… The tension is even greater this time, that the time to construct a plan of action is short: just over a month, until April 4. Worse, the tenders will be this time successive, making it possible for broadcasters renchérir between each batch.  Next round

April 4

And to make matters worse, the tender of the Champion's League and League Europa's arrive a few days later, in April. For both pay broadcasters, "this is the week of all the dangers," analyzes a pattern string. Enough to give a cold sweat leaders of Canal + and beIN Sports. TV rights experts, financiers and strategists in both groups certainly prepare sleepless nights. But the final decision has serious implications, remain the exclusive case of three men: Yousef al-Obaidly, Director General beIN Sports, Bertrand Meheut and Rodolphe Belmer, the two leaders of Canal +. In this conflict, all shots will be permitted. They have already started to rain.

Last summer, Canal + has filed a complaint for unfair competition, arguing that petrodollars allowed to invest beIN Sports bleeds. In January, she had tried to persuade the government to prohibit bein Sports, owner of PSG, to be a candidate for the purchase of TV rights, before being sent back to its goals by the Ministry of Sports. Next round expected on April 4, together with the decision of the LFP. Canal + like beIN Sports, victory can only be considered one way: by KO


Mar 10 2014

Auchan prepares his attack against France in

Tag: Uncategorized, features, finance, technology, worldadmin @ 10:44 pm

 France

The last year has been the weak link Auchan1 group. The northerner distributor there had a "difficult year business plan," as Vincent Mignot, CEO of Auchan France says.

In France representing 41.8% of sales, sales decreased by 1.1% (excluding taxes) to 20 billion euros (- 3% VAT). The decrease is especially marked in its hypermarkets (- 2.5%), which represent the heart of its network, including sealed non-food. Net income also fell. If Auchan did not release precise figures, it acknowledged that its profitability had not been "fully satisfactory", although the decrease is a "sustainable and manageable level." Finally, the distributor has lost ground to its competitors (- 0.4 points to 10.5% market share, according to Nielsen). "We also lost our first place in promotions this year is a number one priority to become leader," said Vincent Mignot. But if the visit frequency and average basket of clients decreased their number remained stable. Auchan

fifth distributor in France, made the cost of intensifying price war. Carrefour2, who made a comeback to face Leclerc, has invested heavily in price reductions and the renovation of its stores in addition to its comparative advertising campaign there one year, the "low price guarantee Carrefour" 500 Products signed the offensive.

Nutella and Coca-Cola

Auchan has also suffered from the rise of "drive", where he released his efforts after pioneer. Finally, it has been the success of the stores, a segment which it is almost absent. The Emergency

2014 is the "reconquest" in order to achieve its goal of becoming the preferred brand of French 2020. "We will resume the offensive on trade," promised Vincent Mignot. If Auchan plans to invest 230 million euros in its stores, priority will be given to the "aggressiveness" on prices. What catch up on its competitors who competed promotions and low prices, including major brands, to cause deflation rays.

"The fight on national brands is never done," says Vincent Mignot, citing Nutella and Coca-Cola. One third of the stores will offer renovated and Auchan will accelerator by June on scales less than one euro (fruits and vegetables, meat …). It also systematize the "comparative carts" at the entrance to its stores. Finally, the distributor – which refines a new offensive on the front of promotions – multiply the lowest prices on its seasonal products (toys, chocolates …) and in the food industry. "It is now the cheapest on the daily races, insists the CEO of Auchan France. It has not said enough last year. "Distributor should strike a blow in the spring pub.

In the end, the group is growing through international with a total turnover (excluding taxes) of € 48.1 billion , an increase of 2.4%.


Next Page »