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The well-honed timing of Apple, which saw the last three years the presentation of a new generation iPhone around June and its marketing in the following weeks, is about to shatter. By the end of April, Apple will launch its two U.S. carriers with partners, AT & T and Verizon, a new model of the current iPhone, says Bloomberg, based on testimony from three sources familiar with plans the company.

The model in question is well known. This is the iPhone 4 white, presented at the same time as the black model, which was originally scheduled to be launched in June 2010. Because of engineering difficulties, this release has been delayed for nearly a year. Apple was unable to obtain an opaque white and uniform, because of the heat on the back of the unit.In addition, pictures taken with flash turn out poor quality.

This information on the release of the iPhone 4 White arise while developing its next version remains shrouded in mystery. According to a note from an Avian Securities analyst, who spoke with component suppliers, mass production will begin in September. The iPhone 5 could integrate a larger screen, the same processor as the iPad A5 2 and an NFC contactless payment. It would be followed later this year or early 2012 with a declination of entry, an "iPhone mini" J. Avian Securities.

The iPhone catches up with Android

Meanwhile, now is a white model who will support sales of the iPhone 4.While most manufacturers have released since the beginning of a new more powerful models, Apple does not oppose them so that a simple variation of color on camera as it prepares to celebrate its first anniversary. This competition is very fierce, it also nibble market share. In one year, the share of Android in the smartphone in France jumped from 4 to 23%, according to data from comScore, the iPhone when it hovered around 30%.

Apple however, has not only on hardware to differentiate the iPhone from other phones, recalled last week's analyst Robert CIHRS, Caris & Company's. The software plays such a significant part. If the date of the iPhone 5 remains uncertain, the California company announced it would present early June at its annual developer conference, the latest IOS, the operating system on his phone.This could include a remote synchronization, wireless, telephone with computer and data storage on Apple's servers.

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"The iPhone gives ground to Android in France

From our correspondents in Nanking (China)

Finance ministers and central bank governors of the G20 want to expand the powers of the International Monetary Fund (IMF) and bring the yuan in special drawing rights.

All participants in the seminar of the G20, which ended Thursday in Nanjing, agree: 2011 may be another year of instability. The establishment of a new monetary order is needed to better withstand the crisis than before. "We are now all convinced of the need to reform the international monetary system", launched satisfied, the Minister of Economy Christine Lagarde, before leaving the old capital of China.

If the recovery makes cooperation less urgent in the G20, the collapse of Greece, Ireland and Portugal recalls the extreme fragility of the global economy.The recent G7 intervention to rescue the yen proves the effectiveness of concerted action. "This system of flexible exchange can not evolve without rules, without coordination, without supervision, otherwise the instability," warned Nicolas Sarkozy at the opening of the seminar.

"Does it make sense today, given the growing impact of capital flows, the IMF can make recommendations to a country on its current account, not on its capital account? I do not think so, "said the head of state.

Amend the articles

Thus, when Benin needs money, the International Monetary Fund aid in exchange for strict control of its finances, while a country accumulates foreign exchange reserves in defiance of international cooperation has no accountability faxless pay day loans. "An expansion of IMF surveillance seems mandatory.Ultimately, France is in favor of amending the statutes of the Fund to expand its surveillance capabilities, "said Nicolas Sarkozy. This proposal does not please China, which sees a possible interference in monetary policy.

A policy on which it is jealously. In Nanking, Timothy Geithner, U.S. Treasury Secretary, said that in the face of world currencies flexible "emerging markets have exchange rate regimes closely managed, with extensive capital controls. This asymmetry creates a lot of tension. "Prime target, the yuan, accused of being undervalued by the Americans, very vindictive about it.

France, she thinks the game to appease Hu Jintao would be prepared to discuss the entry of the yuan in the basket of special drawing rights (SDRs) and closer to the Chinese currency's dollar, euro, the yen and the pound, all of which are included."This is a matter of time," he reportedly said head to head to the President of the French Republic. It is also a way of reflecting the economic weight of China now second largest economy on the monetary side. But the integration of the yuan in the SDR basket guess it is really convertible. One question that China refuses to discuss the time officially.

Visit the first bank to harass her be on time, spend a few sleepless nights and decide under the pressure of fear of missing out on a property. In two words: make haste, for fear of not doing. That was the motto of the buyers and sellers last year could play in pushing their prices higher on tighter markets. Since the beginning of the year, the pressure eased. A certain calm has returned to the estate agents and sales offices promoters. The first months of the year are traditionally little agitated and this year is no exception to the rule. "The market has stabilized. Everything has become calmer, more thoughtful, transactions take place in calm, "said Marc Foujols.After the rush of year-end investors who wanted to enjoy tax reductions related to Scellier before they become less attractive, it does not surprise anyone. The Chamber of Notaries of Ile-de-France finally estimated 17.5% higher prices to central Paris last year. A change a little lower than the 20% mentioned in the first instance but still atypical. Just as rising prices in some major cities. And fortunately! The market can not reasonably continue to grow at such rates, buyers' budgets are not infinitely expandable.

The year 2011 promises to be more reasonable. Bouygues Immobilier, it provides a stable market for housing in 2011. And no observer expects another year of crazy prices, even in the capital. A market would grow 20% a year would not be healthy.Christian Lefebvre, President of the Chamber of Notaries of Paris, which refuses to forecast long-term "too random", made a vow: "That prices continue to obey this downward spiral upward, which reached limits economically and socially difficult to cross again. "

The year began quietly

Last year, prices have evolved very differently in different regions and cities. In some cities, they stood still, and in others they decreased. And this year? "The price increase is expected to continue because of an offer structural deficit, at least in the tense areas. Overall, the need is 500,000 units per year while it built about 350,000 on average.In the tense areas, prices could well increase in the first half before stabilizing later, "suggests Stephen Imowicz, CEO of Land Bank Property. For many experts, the rise should be limited, the market needs to catch his breath, and buyers too. In 2011, the housing market should once again see mingle price increases and decreases. The national average (2-3% increase expected by Fnaim in 2011) will therefore not very representative.Many are betting on a further year in two stages, a good first half and more attention to the latter, especially as the approach of an election year, traditionally rhymes with less activity.

How are things going there on the ground since the beginning of the year? The Century 21 network, which publishes twice a year in January and July, the statistics from the data transmitted through its network, has agreed to add a date to this year's calendar and to the point at the end of February for Figaro Magazine bad credit pay day loans. "The volume of transactions during the first two months of the year fell 3% from the first two months of 2010, is a significant development," says Laurent Vimont, president of Century 21. Ile-de-France, where the trends are exacerbated, the same receding volumes of 20% (and 10% in Paris). "The market has stalled. All sellers expect the price increase.But rising interest rates on loans reduces the number of buyers. "There is still a slight price increase of around 2.7% in France, but with" strong regional disparities. " "In Paris, the price increase is 1.45% on the first two months of the year. It is more important in the Ile-de-France, where it reached 5.52%, "says Laurent Vimont, which is again multi-speed markets. According to statistics from the network, Seine-et-Marne, and prices are down an average of 7% at end-February compared to February 2010, while they increase especially in the Val-de-Marne.Sebastien de Lafond, president of Meilleursagents.com, also finds a market downturn early this year in the Ile-de-France.

Regions in the photo is just as contrasting as Century 21, prices fell by nearly 5 to 7% at the end of February compared to February 2010 in Alsace, Aquitaine, Basse-Normandie, Bretagne, Midi-Pyrenees Poitou-Charentes and Pays de la Loire, Auvergne, so they progress (+4.2%) or in the Nord-Pas-de-Calais (+ 5%) and they are stabilized in the Rhone-Alpes (+ 0.8 %). "It is in the less expensive the prices continue to rise, the market is readjusting," said Laurent Vimont.

The rate hike is still bearable

At this point the real estate cycle, a sharp increase in rates could freeze the market. But we're not there. Rising mortgage rates since the beginning of the year is real, but contained.Certainly, borrowers can no longer find the conditions of last autumn, but they are not so badly off. Rates are historically low. According to the broker Meilleurtaux credits, rates on 20 years ranged from 3.80 to 4.20% according to the records, compared to a range of 3.60 to 4% a year ago. The broker believes however that the volume of mortgages should be lower this year than last year (130 billion euros against 158 ​​billion in 2010). A decrease that Christian Camus, CEO of Meilleurtaux says the "virtual disappearance" of renegotiations of mortgages this year.

"The PTZ + should restore the purchasing power of households with first-time buyers, the Scellier him, because of its tax advantage, is still interesting for the rental investor," said Stephane Imowicz however.The new tax data, with tax benefits "planed" to investors (see page 186), coupled with the expansion of the zero-rate loan now distributed without means will it change the balance on the market? It could increase the weight of first-time buyers face to investors. Last year, they have captured the lion's share. They represented 63% of buyers in the ninth against 32% in 2000.

It only took ten days for the disaster that befell Japan to produce its first effects on European industry. Difficulties, suffering the effects of Hitachi, PSA Peugeot Citroën, today reduced the rates in most of its European factories. The activity will drop to 75% at Sochaux, Mulhouse and Sevelnord, and between 40% and 50% of normal level at Aulnay and Poissy, Madrid and Vigo (Spain) and Trnava (Czech Republic). Only Rennes Mangualde (Portugal) are not affected.

The price of lean

Hitachi manufactures flow meters, an electronic component essential to diesel engines fitted to 68% of cars sold in Europe by PSA. This supplier "gradually resumed its production," says the manufacturer, who expects "a return to normal within a week." In total, PSA works with a score of suppliers in Japan."In light of available stocks and the status of their production, apart from Hitachi, we have no particular problem so far," said a spokesman.

At Renault, only the Korean plant in Busan, more dependent on Japan, saw its production drop about 20%. Shipments of components left by ship from the archipelago to the continent before the earthquake. "We have before us a few weeks' supply, says the Diamond brand. Meanwhile, the group meets every day "several crisis centers" to list, among the parts come from Japan, "those that could pose a problem." Among the solutions: air supply or transfer to other suppliers.

According to the American Institute of forecasting IHS, all major manufacturers will still be affected by the disaster from mid-April.These, as well as many other industry groups of all sizes are now paying the price of the strategies carried out over two years. Once essential to profitability, the flow became tight, financial crisis requires a condition of survival. Manufacturers have made drastic efforts to preserve their liquidity. And to that end, they accelerated their policies to reduce their inventories.

Being lean makes some firms more vulnerable today. "The policy of active management of stocks is assumed that there is no break in the supply chain," said Philippe Waechter. The director of economic research at Natixis believes however that the model should not be questioned, "it is probably not possible to run a business as a rule by considering the occurrence of very low probability event."

After a year and a half of silence, Societe Generale will speak again in advertising. The second French bank wants to finally turn the page of the Kerviel affair and the subprime crisis that has battered its image. The first film of its new campaign will air Saturday's match of the RBS Six Nations France-Wales.

Societe Generale, the French rugby sponsor since 1987, could not ask for a better opportunity. In a one-minute spot-a term seldom, the bank is particularly directed rugby players sweating out victorious from the fray. But also a small business owner who is negotiating on the phone an extension of credit that he finally won, raising the enthusiasm of his troops. Or a father and his wife, who just opened a letter with relief from their bank.The film ends with the signature "set us develop team spirit."

"Like all banks, we wondered how to get an image of arrogance incarnate to communicate more customer-centric," said Caroline Guillaumin, communications director of Societe Generale. Within a few months, all banks have phosphorus on the post-banking crisis. Although communicating correctly point out that the image of the banking sector as a whole has suffered more than the individual banks, all are at the helm.

Earlier that Societe Generale, last December, BNP Paribas has refocused its advertising on "real people": true advisors and real customers are the only actors in its advertising. "Before, we showed that we were cool, now we show that we are involved," says Antoine Sire, director of communications for BNP Paribas.For the first French bank, emerged strengthened from the crisis, the issue was less sensitive than the Company for general or group BPCE (merger of Caisse d'Epargne and Banque Populaire), including corporate banking and investment Natixis has been widely associated with the crisis in toxic assets. Both banks have also been concerned to address both the general public and their employees.

Total Out

Complete break with the saga of the squirrel, which lasted for ten years, the Savings Bank has also revised its copy. The tone is serious, the universe hypersobre. On white and color photos without the mutual bank wants to "write a new page of the paper bank." White is in fact also very present in the visuals of the new campaign press Societe Generale.You feel the desire to rebuild their virginity.

All these policy changes have been accompanied by a waltz communications agencies. If BNP Paribas has remained faithful to Publicis Conseil, Societe Generale has left Saatchi & Saatchi for the independent teaches Fred & Farid and the Savings Bank has grown from BDDP Ogilvy & Son, a subsidiary of TBWA (Omnicom). People's Bank, which has renewed its confidence in Euro RSCG C & O (Havas), will unveil his new campaign in June. As for Credit Agricole, first advertiser in the sector, he also put into play its advertising budget. He hesitates between DDB Paris (Omnicom), Leg and Providence, the latter two agencies are subsidiaries of Havas.

The Department of Housing spoke of the last week, the government will tackle rising rents by taxing the owners too greedy. The subject is delicate. For the Department working on the issue for several weeks, the task is to "correct the excesses without falling into a overregulated. No straitjacket general, therefore, the Secretary of State for Housing, Benoist Appeared, having said all the evil he thought the proposal from the left to frame the evolution of all rents.

Measures in 2012

The owners of rooms are in good contrast in the crosshairs. "Some landlords ask for more than 90 euros per square meter, or 900 euros for a maid's room of 10 square meters equipped with only a water point. "It's totally unfair," he said Thursday Benoist Found in a telephone interview with AFP.To end this situation, it means taxing rents above 40 euros per square meter for areas less than or equal to 13 square meters.

In Paris, the average rental price per square meter is estimated at 23 euros. For large areas – 100 m2 – the average price is around 17 euros per square meter, and he explodes for microhousings, reaching 40 euros on average. "40 euros, it still remains high, but we must find a balance, to prevent the owners meet the maid's rooms into an apartment," argued the Secretary of State freecreditscore.In Paris, there is a strong demand for small housing type maid's room, including from students and people with low incomes, and further more good bedrooms apartment rental stock reduces available.

The provision should be included in the next budget law, the one for 2012.

Price Transparency

In another interview with the newspaper Liberation, and intervention on France 2, Benoist Appeared also said the government would consider sanctions for not complying rented by the Loi Carrez. This law requires the lessor to meter housing. For now the text does, however, no penalty."We will fix it," says the minister who wants a student who rented a 10 square meters to claim a rent reduction if it finds the Carrez surface is only 9 square meters.

Moreover, to improve price transparency in the rental market, the Minister announced the forthcoming launch of an online website on rents "neighborhood by neighborhood" in Ile-de-France, to give "elements negotiations "with people seeking shelter against a greedy owner.

(With AFP)

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The Irish vote is also a warning to Europe. By giving more than 36% of the votes of the opposition Fine Gael in parliamentary elections on Friday, voters clearly endorsed the government that had negotiated the bailout with the EU and the IMF. The ruling party had won just over 17% of the votes. The future prime minister, Enda Kenny, has already announced he intends to immediately renegotiate the terms "punitive" of the device. For Europeans, the case falls ill while looming in March, a marathon of negotiations critical to the future of the euro area.

"We will act on it next week," promised Enda Kenny, who considers "bad for Ireland and for Europe" the bailout of 85 billion euros signed in late November. The future prime minister wants to broach the subject on Friday in Helsinki at a meeting of conservative leaders of the EU.With two requests: to lower the rates "punitive" loan, fixed at 5.8% and involving banks, making them bear a larger share of losses.

European side, the rhetoric still print campaign promises was greeted with caution. "The Commission will continue to support Ireland" in the implementation of its austerity program, "which is essential" to the country's economy, said Sunday the spokesman on economic issues, Amadeu Altafaj. Before the elections, Brussels had suggested that there might be a little leeway for adjustments after 2011.A lower interest rate can not be excluded, but Dublin will probably make concessions on its corporate tax rate, seen as fiscal dumping elsewhere in Europe.

Fears for the other weak links

The Irish case puts the euro area in front of his responsibilities on the eve of a series of summits that bring together Heads of State and Government (11 and 24 March) and Finance Ministers (14 and probably 21 March) . It is to decide on remedies for the debt crisis, first by raising the ceiling of the Rescue Fund (FESF) to assist countries in serious financial difficulties, and partly by tightening governance . Germany has much to impose his views on fiscal discipline.But his range of proposals, unveiled a month ago, was recently welcomed by its partners.

This bodes ill for the magnitude of the final result, even though the euro area sees risks reappear after a brief lull. Between record high oil prices and market concerns, Portugal was in the front line. The fear of another recession pushed its lending rates to astronomical levels (7.579% Friday, a record since the country's entry into the euro area). Investors are already convinced that Lisbon will shortly call on European rescue mechanism – such as Ireland and Greece before him.A perspective that revives fears for the other weak links in the eurozone, Spain in mind.

On Wednesday, the Portuguese Prime Minister Jose Socrates, will be received by Angela Merkel in Berlin to discuss the support fund – and how countries' having problems with their sovereign debt, such as Portugal "could best use of the devices financial assistance.

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After a Saturday apocalyptic traffic is completely restored Sunday on the network Rhone-Alpes. The railway line of the Alps in Bourg-Saint-Maurice Chambery, strategic routing of vacationers to the resorts, ski runs normally again after being blocked for several hours Saturday by an act of vandalism. Cable cut with a saw have in fact caused delays of up to four hours to about 30,000 travelers low interest personal loan.

Many holidaymakers are arriving and Gare de Lyon in Paris on the night of Saturday to Sunday in a mixture of calm and fatigue. At the end of the wharf, cafes and snacks were distributed to some of them. But no compensation is provided.

The player has to use default in the articles of figaro.fr. Update2

Ethics and Professional Conduct market, terms and level of detail in the communication of large listed companies are very heterogeneous. This conclusion emerges from a study jointly conducted by PricewaterhouseCoopers (PWC) and students from Sciences Po

Of the 80 largest capitalization on the Paris (CAC 40 and 40: the "Next40"), only 10 have a dedicated code of ethics, as recommended by the AMF in November 2010. This charter, not mandatory, declining at the enterprise level the concepts of insider trading, inside information and duty of abstention, "in addition to an already very precise definition in legal terms," says Elodie Fornas PWC, in charge of the study.

In total, 69 companies of the panel (including the 10 already mentioned) have established internal rules of conduct, but only 53 communicate publicly (on their website in their document, 2009). Without naming them, the study underscores the total lack of communication on this subject in 5% of heavyweights rating (CAC40) and 22.5% of the 40 companies following. "Either there is a failure to communicate, or market devices ethics are not sufficiently advanced in these companies to justify an official communication," says Elodie Fornas. Unlikely however that the first hypothesis applies to companies often expert on codes of speaking.

Among those who made the choice of internal rules of conduct, the supports and the level of explanation of concepts are very different.Some specify them in their global ethical code (29), others in the charter of the administrator (10), others prefer the rules of the board (23).

Finally, details of concepts is sometimes very random. On the definition of insiders, 18 companies believe it is only corporate officers, 5 others add executives, and 30 others include all employees. In several cases, some employees are not even officially informed of their status as "insiders."

The explanation of "inside information" differs among the 12 companies finally showing the 4 criteria of the definition of the AMF General Regulation (non-public information, said having a significant influence on the course and dealing directly or indirectly the issuer or the securities of companies) and companies that do not repeat 3 (they are seven), or who do repeat that 2 (14 companies).

A more mature in the Anglo-Saxon

These differences raise questions, while the practice of communication ethics market can greatly affect the image of the company and the value of its stock exchange. Witness the case of aircraft manufacturer EADS, rocked for months by suspicions of insider breaches.A case that Colette Neuville, president of the Adam (Association for the Defence of Minority Shareholders) calls never happen again.

"The approach of the French companies on these issues appears less mature than in the Anglo-Saxon countries, where market rules are more stringent," says Elodie Fornas. Including the United States where, since the Sarbanes-Oxley Act of 2002, a code of financial ethics is mandatory for listed companies. " In France, there seems to prefer the incentive approach, like the AFEP-MEDEF 2008 on good corporate governance, from business organizations, not the stock market regulator.

"The guide AMF in November 2010 is too recent to measure its effect on corporate practices.Nevertheless, he'll probably get them to rethink their rules and procedures relating to market conduct, and communication to affirm their commitment to the subject, concludes Élodie Fornas. And if the transition to a mandatory does not seem relevant, listed companies have an incentive to follow these recommendations for reducing the risk of insider breaches and sanctions, media laws and regulations made thereunder. "

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"We will spend this year the billion customers in the mobile Internet. In 2016, the number of subscribers will be 5 billion, "said Barcelona, Hans Vestberg, CEO of Ericsson, the global leader infrastructure for mobile devices. These two figures explain why the battle that is currently tied in Smartphones and Internet Tablets is fundamental. Those who missed the start of the mobile Internet, such as Nokia and Microsoft, have to find solutions quickly to raise. In the future, it is not certain that the first way to connect to the Internet will be from a PC at home or at work, connected to a fixed line telecoms operator.

"In the next ten to twenty years, we believe in the idea of a limited réseau.Tout which can be connected will be," said Hans Vestberg. The situation is accelerating.While it took a hundred years for the first billion fixed telephone lines in twenty years, the telecom players have captured 5 billion adherents to the mobile phone. In a handful of years, "in 2015, there will be between 7 and 8 billion. This is higher than the population of the earth. Because a person has multiple subscriptions, "added the CEO of the Swedish group.

With the development of mobile uses, the Swedish group has announced in Barcelona, an exclusive agreement with Akamai, a U.S. company specializing in the provision of content and applications online. The two allies want to deliver their solutions in the mobile world. David Kenny, number two at Akamai, said that his firm has been retained by "are the top 30 media companies in the world to deliver their content via the Internet.

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