Daily International Headlines

It's a tradition. The low-cost companies stigmatize the benefits of the former national companies who claim themselves of differential payroll with low costs.

The Association of European low-cost airline called in Brussels on Wednesday to launch an investigation into state aid granted to Swedish companies SAS, Malev Hungarian, Czech and Spanish Spanair CSA. In France, it was easyJet, which folded this year on Wednesday, declaring that the new policy of economic regulation that prepares Aeroports de Paris (ADP) continues a tradition of support to Air France.

ADP, which froze the royalties in 2010, proposes an average increase of 1.38% per annum from 2011 to 2015. But the freezing of airport charges in 2010 because of the crisis, conceal lower landing fees and parking a share, offset by an increase in passenger fees other."This pricing policy penalizes low-costs that have high rates of filling and favors Air France going for her clients in aircraft to three quarters empty for the lead on its hub," explains François Bacchetta, CEO of easyJet in France. He said the British company pays royalties for a larger Paris-Toulouse full 85% Air France aircraft with a full 70%.

Competition with Air France

Questioned on the subject, ADP recalls having spent half of its 3 billion euro investment from 2006 to 2010 in the development of its terminals. "It is normal that the passenger charge to follow this evolution," said a spokesman of the group.

The British company also points a possible loss of the French network.The maintenance of this system of royalties could, she said, forcing her to abandon branch lines, more economically risky and focus on the most profitable routes in direct competition with Air France.

This strategy of direct competition with Air France is special easyJet, unlike Ryanair, which focuses on regional airports and routes not served by Air France. easyJet has opened a dozen roads in France since the beginning of the year and announced it will always profit at the end of the year.

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It is a non-final, which sounds like a challenge to international pressure: the Icelanders did not want to spend their lives to pay the bill left the bank Icesave. Saturday, they have rejected more than 93%, the repayment plan to Great Britain and the Netherlands for around 3.8 billion euros, lost in the collapse of Icesave, in October 2008. A firm that could pay off: yesterday, said London was ready to "be flexible" in the coming negotiations.

"There is every reason to congratulate the people of Iceland. The result was clear, "welcomed the President Olafur Ragnar Grimsson. In January, he had refused to sign the bill says Icesave, narrowly passed by Parliament. Under public pressure, he preferred to call a referendum."The public understands that we must be treated as a sovereign nation and not be intimidated by the British or Dutch," exclaimed Magnus Arni Skulason, founder of the movement indefence opposed to the agreement Icesave. For indefence it was deeply unfair to place too heavy a bill – 100 euros per capita per month for eight years – on the shoulders of a ruined country.

London said he was "flexible"

After a strange country where no one had called to vote yes, this result is "not a shock to the government," relativized the first Social Democrat Minister Johanna Sigurdardottir. Like several of his ministers, she herself had chosen to abstain … But such a tidal wave put the coalition into a corner cash advance america ."These results represent a serious warning to the government, says Olafur Isleifsson, professor of economics at Reykjavik University. By abstaining in the vote crucial to the nation, they showed that they were very distant from the people. "

Rejecting any possibility of resignation, Johanna Sigurdardottir said there was "(our) duty to resume negotiations" with London and The Hague. "It is important that we do so as quickly as possible," added the Minister of Finance, Steingrimur Sigfusson.It would be difficult (to reach an agreement) if we approached the elections too. "The elections are due in May in Britain and in June in the Netherlands.

To the President of Iceland, the ball is now in the court of London: "The main question now is: what will Gordon Brown?" The British finance minister, Alistair Darling, responded on Sunday: "We are prepared to be flexible "he admitted, noting that the reimbursement would require" many, many years. " As the government of The Hague, he assured to remain "involved in finding a solution."

Another failure of talks might push a little further in the Iceland crisis, delaying a bailout plan of 3.3 billion euros pledged by the IMF and Nordic countries.Some analysts say it could hamper his candidacy for the European Union, giving London and The Hague a reason to oppose it.

The meeting begins on a positive note on Friday, the Paris Bourse. At the opening, the CAC 40 climbed 0.46% to 3845.99 points. Investors follow the general optimism of their Asian counterparts. For the final session of the week, they have opted for green, morale boosted by the announcements by Chinese Prime Minister Wen Jiabao. This provides 8% growth in China in 2010 and confirms that the measures of government support to the economy. There is also a possible easing of monetary policy in Japan.

Yesterday, markets were not welcome U.S. statistics which indicated a relapse of the promises of home sales in January. But unemployment figures better than expected (the number of newly unemployed fell during the week ended February 27, with the deposit of 469,000 new claims for benefits) were eventually lighten the mood.Wall Street had also increased its earnings from these ads, pushing the French investors to reconsider their position.

This Friday, the Paris Bourse waiting 12 hours to figure orders from companies in Germany for the month of January. Then the United States will be published by the Department of Labor, the highly anticipated monthly report on employment in February. After Market (in 21 hours), the U.S. figures reveal consumer credit.

Areva and Veolia in the spotlight

Veolia Environnement (-0.10% to 24.98 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%).Net profit after minority interests amounted to 584.1 million euros, which therefore shows an increase of 44% over one year and beyond expectations (35%).

Areva issued after market close Thursday, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The group has mainly confirmed its profit goals for 2012. In addition, the Department of Energy reported that U.S. demand for Areva to obtain two billion dollars of guarantees on credit advanced. The title climbed 1.32% to 350 euros.

NicOx announced Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008. Revenues NicOx stands at 1.1 million euros at December 31, 2009 against 3.4 million million a year ago.The Exchange welcomes the news: the title won 4.05% to 6.016 euros.

The rest of the news companies, excluding results announcements

Side of EADS (+1.44% at 15.87 euros), Madrid has proposed the transfer of filled related to the A400M UK to Spain if London does not take 100% sharing additional costs of military transport aircraft, according to sources familiar with the matter.

The banking sector is also under surveillance. The bankers were again summoned to the Elysee Palace on Friday for a working meeting with Nicolas Sarkozy on the theme of financing for SMEs and SOHO. The reaction of BNP Paribas (0.69%), Credit Agricole (+0.84%) and Societe Generale (0.79%) is expected.

Casino (+0.10% at 60.49 euros) should start in May its pods, modeled on that of Nespresso.In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.

Natixis (0.71% 3.68%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.

Orange and Alcatel-Lucent has introduced Tuesday Britain Atlantic Arc, a program dedicated to technology companies of Brittany and Pays de la Loire. "There is support SMEs and start-up technology sector and communication to develop their products by providing our equipment but also our know-how and expertise," says Pierre Barnabe, President and CEO Alcatel-Lucent France. The major advantage of this initiative is that it covers both the upstream phases of financial and economic model, intermediaries, with the development of the application or those of marketing.

Thus, Alcatel-Lucent launches in incubation by offering to host start-ups or being created in Lannion (Côtes-d'Armor)."We are also here to help entrepreneurs build their business model, their business plan so they can convince investors. On this subject, it is a real coaching that can last up to three months, "says Thierry Bonhomme, Executive Director of R & D at Orange.

The component openlab provides access to some platforms of the two test groups. "We also offer businesses some bricks technological hardware and software of the two groups," says Thierry Bonhomme free credit score online . Finally, the two leaders will assist companies in finding business opportunities."In some cases, it is certainly possible to integrate new to some of our products," said Gerard Le Bihan, who coordinates the program for Alcatel.

For now, both groups have booked 1 million for the first year and expect to be asked. "We recently launched a UK competition for the attention of innovators, and the results are remarkable," welcomes Thierry Bonhomme.

"Investing on brainpower"

If the price of services are not defined, we already know that nothing is free. In contrast, Alcatel-Lucent and Orange provide a balance between costs and prices charged.

In the West, business leaders welcome these new opportunities: "We preferred to invest in the gray matter. Result: we can not buy a compressor or image encoder.This program should allow us to access these tools. But, in my opinion, the most important aspect is that inflows of trade, appreciates Gabriel Laval, who created last May a company that specializes in image processing.

Finance ministers and central bankers of the G7 (U.S., Canada, Japan, Germany, France, Italy, United Kingdom) are found on Friday and Saturday in northern Canada (see below). As Barack Obama lashed out Wednesday at the undervaluation of the yuan, "matters relating to the Chinese currency (are) in all minds," said Treasury Secretary Tim Geithner, suggesting that the subject would be treated by the G7.

Officially there is indeed no agenda, and contrary to tradition will be no statement issued after the meeting. "We want to rediscover the" spirit of Rambouillet "historic first G7 in 1975, and have a" chat by the fireside "freer," says one does in Paris.

There is also evidence that the G7 keeps all its usefulness, although the creation of the G20 seems to have finally stole the palm as an instance of global economic governance. The G7 countries are convinced that they have specific interests in common, as explained by a European central banker. "Our currencies are the only ones to be truly flexible, and also we can not forget that our economies have pushed capitalism to the brink!" Quipped the great European treasury.

Debt relief in Haiti

The G7 countries recognize the need to reorganize their respective banking systems, which – and alone! – Were behind the financial crisis of 2008.Mario Draghi, participate in debates with his two hats as governor of the Bank of Italy and Director of the Financial Stability Board, the international body created by the G20 to coordinate international regulation of all financial institutions, and not Only banks.

As for currencies, it is true that the G7 currencies are virtually alone, with few exceptions including the Swiss franc, which float freely, for better or for worse. The remarks made Wednesday by Barack Obama against the yuan, strangely overlapping language of Nicolas Sarkozy vis-à-vis the dollar. "The price of currencies and their accuracy is one of the challenges we face on the international level to ensure that the prices of our products are not artificially inflated and those of their equally artificially lowered," said U.S. President.

Even if the G7 should lead to no decision, according to a spokesman for the German Finance Ministry, announcements could be made regarding Haiti. The U.S. Treasury first raised the issue of debt relief for Haiti. Dominique Strauss-Kahn, the IMF managing director and Robert Zoellick, President of the World Bank participate in the Canadian meeting.

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"2009 has been loaded, 2010 will be equally dense" warned Friday Nicolas Sarkozy during the presentation of his wishes to the social partners. After congratulating unions and employer representatives for their "spirit of responsibility in the crisis, the head of state has listed the main projects of 2010 on social issues.

Unemployment in particular, "will be at the heart of our action in 2010," he announced, as well as the management of addiction, "fifth social risk. The job priority for the coming year, so even if the head of state welcomed the positive results already achieved in this area. "Unemployment, with the exception of Germany, grew everywhere more than France.I do not satisfy, but if it was the opposite, which would be responsible? I have an idea … "

"The major problem of our social protection

As previously announced, 2010 will also be an opportunity to address pension reform. "It's been 50 years that we gain a quarter of life expectancy per year. This progress requires us to make decisions, "he said. Moreover, "the French are not mistaken, three quarters are concerned about their retirement. In this area, the head of state warned it will take account of the arduous work. "It's a defect French confusing equality and uniformity," he explained, suggesting that retirement may not be recognized for all the same.

The Head of State had previously commended the social partners for their spirit of responsibility during the crisis.A speech already supported by Francois Fillon during his vows to the press, and a way to encourage social partners to continue this work in 2010 for the implementation of further reforms, and in particular, thorny pension . "I do not believe in our social history, we've already had a social dialogue as dense," he noted as well. "Rather than fan the flames, everyone had to heart to find solutions to the ills that affected the French," thereby achieving "a form of maturity of our democracy." "Our duty is to tell us" he meant well.

L'Oréal is continuing its offensive to win the American hairdressers. The French group has just acquired two distributors of hair care products in the United States, Maly's Midwest and Marshall Salon Services, which carry a combined turnover of 130 million and provide 40,000 salons in the Midwest. These acquisitions bring to 80% coverage direct from the U.S. market by the firm, against 50% previously. They represent a continuation of the strategy number one global cosmetics to distribute his own professional products on the market, which weighed about 60 billion dollars (sales salons and spas in the U.S.).

Three years ago that L'Oreal has decided to take matters into their hands. In 2007 and 2008, he had already acquired Beauty Alliance, Maly's West and Columbia Supply to sell products directly to its range of L'Oréal Professional, Kerastase, Matrix and Redken.Objective: To monitor more closely a key market, which weighs one third of global sales of its professional division. This allows the giant of French industry in managing direct without intermediaries, thus controlling its margins at each stage of struggle against the flow of counterfeit goods, a widespread scourge in the United States and, especially, to develop direct relations with hairdressers.

Ensure fidelity of hairdressers is indeed a prerequisite for selling its products on the market very battle. Its subsidiary specializing SalonCentric Florida-based approach one by one the shows and their "designers" as they call them across the Atlantic. Specificity local hairdressers are in fact often self-employed who rent a chair in a salon. It is therefore necessary to convince individuals to use the group's products, while their neighbor salon can procure from a competitor."L'Oreal was founded more than a hundred years to serve and inspire the professional hair salons around the world," said Paul Sharnsky, President SalonCentric. This strategy should enable the French group to increase the efficiency of its business in the United States, where sales dropped by over 6% in 2008.

Statistics mixed and disappointing in November in the United States. Consumer spending rose for the second consecutive month, gaining 0.5% on month, after rising 0.6% in October, according to statistics published Wednesday by the Commerce Department.

Although most economists expecting the continuation of consumption suggests an acceleration of growth on the end of the year, confirming the rebound of 2.2% in the third quarter.

The increase in consumption was accompanied, in November, the fifth consecutive increase in household income at 0.4%. Although this is the largest increase in this indicator since May, it remains below expectations (+0.5%).

Despite this more favorable context, the real estate market continued its descent into hell, touching its lowest level since April.Sales of new homes have plummeted 11.3% in November to 355,000 units annually. A very unpleasant surprise to economists, who expected 440,000 sales. To make matters worse, the figures for October were revised downward, to 400,000 units against 430,000 previously estimated.

The National Association of food industries (Ania) decided this morning after three hours of heated debate, leaving the MEDEF, it was learned from corroborating sources.

After your secret ballot procedure rarrissime the board took this decision by 18 votes against 12. The Ania MEDEF considers that it "pays" too little regard to the amount of annual dues (over 600,000 euros).

Yet no decision to join another employer organization has been taken. The departure of a large federation, which had supported Laurence Parisot when she presented herself at the head of MEDEF, is a blow to the boss of bosses.

The owner of Ania, Jean-René Buisson, will hold a press briefing at 15 am explaining the decision of its directors.

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The ISP has been created by the government in late 2008. It is owned 49% state and 51% by Caisse des Depots et Consignations. With 20 billion euros of capital, announced its objective is to develop French firms in terms of growth and competitiveness. On this point, some investments are discussed. Its scope is as follows: enter capital firms involved as a minority without trying to take control. Then accompany the medium-long term while seeking profitability to finally get out as soon as the financial health of society will be improved and that its shareholders have been reconstructed. In a year of existence, it became a capital of 14 companies, and promised to take stakes in four other companies.The sequence of dates for achieving such equity.

February 25, 2009:

The ISP has acquired a stake in Valeo to 24 million euros which provides 11% stake in the automotive supplier. He becomes the second largest shareholder.

April 14, 2009:

He completes his entry to the capital of the aerospace supplier Daher up to 65 million euros. Daher, Socata has taken over at Airbus has launched the construction of a new plant in Nantes for the manufacture of advanced aircraft structures.

April 28, 2009:

The FSI between capital Farinia Group, a leading French processing of metals, up to 20 million euros.

02 May 2009:

Between the capital of the company to Led Lite, specializing in the field of lighting based on high brightness LED for 2 million euros.

June 26, 2009:

The ISP releases 10 million euros for the company 3S Photonics, an SME in Ile-de-France is a leading global electronic components for telecommunications networks.

1st June 2009:

He pays 160 million euros to the U.S. TPG Capital to buy him 8% of the French specialist in smart cards, Gemalto.At present, this remains the biggest investment made by the ISP.

July 6, 2009:

It acquires 5% stake in Nexans, the worldwide leader in the cable industry following the acquisition of shares in the market for 58 million euros.

July 20, 2009:

The brand toys Meccano announces fundraising of 4.4 million including 2.2 from the ISP via CDC companies.

July 22, 2009:

Frey News Energy, a company generating electricity from renewable energy sources, announced a fundraising of 15 million euros, of which 7 million euros from the ISP.

09 September 2009:

The ISP has crossed the threshold of 5% stake in Technip following the stock market for 90 million euros.

1st October 2009:

The fund participates in the capital increase Forenap group, specializes in pharmaceutical research in neuroscience, to the tune of 6 million euros.

06 October 2009:

He participated in the recent capital increase of Groupe Carbone Lorraine to now hold more than 5% by injecting 10 million euros.

October 22, 2009:

The ISP is investing 7.5 million euros in Dailymotion, one of the leading sites for sharing videos.

November 18, 2009:

It provides 25 million euros in biotech company NicOx, and thus takes possession of 5.1% of its capital.

In the coming weeks:

The fund will pay 10 million euros in Mecachrome as part of a recovery plan and 10 million euros over the proposed takeover of manufacturer and automotive supplier Heuliez.It will invest a maximum of 117 million euros in capital increase of Cegedim. The ISP will thus have a shareholding of approximately 15%. He is also preparing to inject 6 million euros in Avanquest Software, a French manufacturer of consumer software business and also as part of the capital increase planned for early 2010.

The ISP has also carried out a series of reinvestments in the amount of nearly 10 million euros to accelerate the development of companies of which he became a shareholder in the context of the contributions made by the Caisse des Depots et Consignations.