Daily International Headlines

At 21, the little genius of the French sprint Christophe Lemaître, maddens the counters … and brands. Sought in recent years by more than a dozen of them (according to the Journal du Dimanche), the Savoyard finally chose mineral water from Aix-les-Bains as the first non-sport partnership (it has already been associated 2007 the Japanese OEM image Asics). A logical conclusion, the sprinter is already three years since the ambassador of the city where he lives and trains.

But unlike the previously mentioned ambassador status which would yield between 4000 and 4600 euros per month, this new association between the rider and the city passed this time by a private group.

Bottle collector bearing the image of the runner

The League of mineral waters of Aix-les-Bains is in fact owned by the Group of the Musketeers (owner of the sign distribution Intermarché).

Prime Minister Francois Fillon announced Monday, after a special cabinet, new austerity measures. The amount? Range evolves 6-8000000000 euros. The downward revision of growth in 2012 (1.75% to 1%) means to provide such an effort if France does not want its deficit skid.

Among the tracks mentioned: an increase in corporate tax (IS) for large companies and action on VAT. Specifically, according to reports, companies making more than 500 million euros in turnover should pay an additional tax (eg 10%). The nominal rate of corporation tax will not be found … but the big companies will actually pay more. And perhaps as early as the down payment in December. The state expects 1 billion additional revenue per year.Questioned by AFP, Matignon said that "nothing is definitely rigged," knowing that arbitration meetings with President Nicolas Sarkozy will take place this weekend.

Clearly playing the card of fiscal austerity, France hopes to control its deficit to calm the markets. And of course, maintain its triple "A" from the rating agencies. For the record, the budget deficit is expected to 80.8 billion euros in 2012, against 95.7 billion this year. In addition, the deficit should be increased from 5.7% this year to 4.5% in 2012 and 3% in 2013.

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After resisting the morning, the Paris index has increased its losses Tuesday mid-day, finishing down 1.43% to 3174.29 points. Parisian investors have expressed a wait-and very excited at the eve of an EU summit in crisis considered major. Sign of a strong wait-and trading volumes did not exceed 2.6 billion euros. Some profit taking after two sessions of strong gains also came influencing the trend. Less marked decline elsewhere in Europe, where the German Dax has limited its losses to 0.14% at 6045 points and the FTSE in London 0.41% to 5525.54 points.

Immersed for weeks in a deep pessimism, investors had played the crisis Friday and Monday. However, the ability of European leaders to respond definitively to the debt crisis is still struggling to convince.A phenomenon that confirm the disagreements between countries in the euro area on the measures to adopt, and just wiping out the gains Monday. If the preparatory meeting of finance ministers of 27 (Ecofin) has been canceled, the leaders of the euro area, however, continue to negotiate before the meeting tomorrow Wednesday of Heads of State and Government (first of 27 and 17 of the the euro area).

At the heart of the discussions: the recapitalization of banks, the amount of the discount of the Greek debt, and strengthening the European bailout fund (EFSF). According to one diplomatic source, the representatives of the banks would like to limit the discount to 40% volunteered to stabilize the Greek debt, against 50 to 60% required by the euro area.Moreover, concerns about the Italian situation is escalated, while Silvio Berlusconi may have trouble getting the promised reforms the last weekend to reduce the debt of his country. The Prime Minister pledged to push trans to 67 years of age retirement.

Diving morale of U.S. households

In this context, mixed economic data revealed the Atlantic have increased pessimism. Stabilization of U.S. house prices in August, according to the Case Shiller index, and the unexpected plunge in the morale of U.S. households in October, have reinforced doubts about the health of the world's largest economy.

By sector, banks are logically the most attacked, BNP Paribas, lost 3.75% to 30.80, Societe Generale fell back to 3.80%, to 19 euros. Axa was down 1.76% to 10.90 euros.François Fillon, French Prime Minister confirmed that the banks of the Hexagon should recapitalize to the tune of "ten billion euros."

In contrast, cyclical stocks including oil services, were well oriented, supported by oil prices that reached a high for about three months. Maurel & Prom has awarded 2.86% to 14.90 euros and CGG Veritas was up 1.21% to 16.73 euros.

Also against the current, and two days before unveiling its sales for the third quarter, the title of Plastic Omnium has continued to rise (3.35%, to 20.76 euros) having already jumped more than 10% two sessions. Finally, on the eve of the announcement of its quarterly revenue, PPR has taken the lead in the CAC 40 with a gain of 3.84% to 111 euros.

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Many companies have awarded the famous "dividend premium against" backwards. And in fact, the amounts paid are far from the expectations of the government, says a study by Deloitte from the first returns of negotiations in companies. As Labour Minister, Xavier Bertrand, was on the table before the payment of a premium of 700 euros per employee in companies that have paid dividends on the rise, the real turn around more than 300 euros. As for the maximum amount paid, it tops out at 600 euros.

Two reasons. The first is that the premium desired by Nicolas Sarkozy to "restore the purchasing power of employees in times of recovery," has been perceived by most companies as an additional constraint than an opportunity to motivate their troops.The premium has indeed added to the devices sharing the existing value, such as profit-sharing, mandatory for companies with over 50 employees who make a profit. "This is even more disturbing that the incentive for the prisoner has recently been tightened," says Emmanuelle Rivez-Domont, a lawyer in employment law at the firm Jones Day.

The other factor is the economic context. "Uncertainty room makes companies cautious," says Philippe Burger, a partner at Deloitte. The evolution of the economic situation is also evident throughout the negotiations. "Before the trouble was and he threw in the financial markets, companies thought given bonuses of around 500-600 euros payday loans guaranteed no fax. Today, the discussions revolve more around 150 euros to 200 euros per employee, "says Philip Burger.The crisis reduced the premium to a trickle.

Wage increases slightly affected

Some companies, such as Rhodia, were more generous than others. But it should not enjoy these raw numbers, without putting them in connection with the incentive policy, participation or wage increase of the company, the consultant warns. "Some companies had the tools to share value added very generous, and that worked well. Explain what they have paid premiums less important, "said he.

The study also brings its share of surprises. The dividend premium against does not seem to negatively impacted as wages were concerned that the trade unions. While most companies recognize that its influence is not neutral, only 10% of them say they have reduced the envelope increases the amount of the premium.And they are more than 60% to estimate its impact on wages has been small.

Companies have until 31 October to agree on the amount of the premium, or they are liable to criminal sanction. Evidence that firms do not rush, only one in two has already ended its negotiations on the subject. "Given the mandatory nature of these discussions, and urgency, companies are simple, says the consultant. They also generally a fixed amount equal to each employee. But if the premium is sustained, they could eventually refine their criteria for distribution. "

The purchase of a hair dryer these days is becoming more difficult for women. Finding the right hair dryer can be difficult for many women because of the beauty industry has made it difficult to choose with all the options available. You can choose the type of material the dryer is made from, the type of engine the dryer and a wide assortment of optional features including cycles of heating and cooling. The majority of these functions do nothing more than to confuse the buyer that the buyer typical hair dryers just want a reliable unit, quality and long term that does a great job to really get the hair dry evenly. However, there are some options in a hair dryer that people should pay attention to a dryer and quality practice.

The first option you should pay attention and read reviews to see if the unit you buy is quiet a dryer. There is a wide range of dryers varying levels of volume and it is a concern for many buyers. After all, you do not want your hair dryer to annoy people or in the case of some older models actually be bad for your ears.
The second option, you want to review and read reviews about is whether you want a unit normal style or hair dryer mounted. Mounted hairdryer can be good if space is a problem in your bathroom because they can be easily assembled and stored where they are mounted. This is especially great in apartments or condos.

The third option you should consider is where you will first use your hair dryer. If you make a decent amount of traveling, you might consider buying a portable or travel that is small enough that you can easily store and take with you. These units are usually half the size of a hair dryer packaging standard, but still enough power to give effect even drought standard hair dryer. Many people buy a portable solia hair dryer and use it at home because they are space savers.

Remember to consider all practical options when purchasing your next hair dryer and not necessarily be swayed by marketing gimmicks and extra features you may never use. It is much better to buy a quality hair dryer that will last you for years and you save in the long run than spending extra money on features you will not use.

The manager of the French railway network, Réseau Ferré de France (RFF), proposed on Thursday a 7.4% increase in tolls, the SNCF and its potential competitors will have to pay to circulate the TGV in 2013. After a 1.5% increase, which will be implemented in 2012, RFF describes his proposal for a "moderate".

These rates are still the subject of a bitter battle between the SNCF, which reiterates that these tolls threaten its business model, and RFF, who needs financial resources to sustain a railway network in poor condition quick payday loan. The increase was 6.4% in 2009 from 11% in 2010 and 11.7% in 2011.

For regional express trains (TER), the increase in tolls is generally softer: it should reach 2.5% in 2012 and 5% in 2013.On average, the increase should be 4.3% in 2013, while "inflation rail" suffered by RFF is 5.8%, says the network manager.

These proposals will be discussed until the end of October and will then be submitted to the Regulatory Authority rail operations (Araf).

For his arrival in France, Banana Republic offers a prime location: the Champs-Elysees. At the bottom of the avenue, sunny side, work has just begun. The Gap Group, owner of the sign, hoping his inauguration in early December naviral Admiral Paris, next to the shop and in front of the Adidas Abercrombie & Fitch.

"After the success of our new stores in London and Milan, we found the right time and the right location for us to launch in Paris," says Sonia Syngal, who oversees Gap's European operations. On two floors and 1,500 square meters, the brand of "affordable luxury" – as this group – will present its Ready-to-wear for men and women in chic and classic style, at prices close to those of Sandro and Maje , signs in French of the moment.In the mid-dresses (from 85 euros) and trench coats (from 189 euros), guests will find the same accessories and care products.

With a multilingual concierge and personal stylists, "This store has the ambition to become a major destination for Parisians and visitors from France and abroad," says Stephen Sunnucks, President of Gap International Group.

Born in 1978 in the United States, five years later bought by Gap, Banana Republic is still little known on this side of the Atlantic. Since October 2010, the French and the inhabitants of 24 European countries can also purchase the pants and shirts of the brand on the Internet. But the first European Banana Republic store was opened in early 2008 in London, in the shopping of Regent Street.Five other outlets have been opened since Britain, and other launches are planned this year and in 2012. Banana Republic has also planted a flag second in Italy last November. The store in Milan is a great success by group, who does not wish to provide figures. He expects the same home in Paris, but it is "too to think about other openings in France," said Sonia Syngal, which has not yet finalized the launch of marketing operations.

Seven new countries by the end of the year

Struggling in its home market for years, Gap, which also owns brands Old Navy, Piperlime and Athleta, setting internationally to find a second wind. Only 20% of $ 14.7 billion in sales in the group of clothing last year came from abroad.By the end of 2013, this share should be increased to 30%, counting both the activity of physical networks Gap and Banana Republic and that of its other subsidiaries on the Internet.

In late June, the group had shops in 34 countries and could be delivered in 114 countries. "We enter seven new countries by the end of the year, the highest number for a single semester ever," said Glenn Murphy, CEO of Gap, in the presentation of interim results .

This is the first crash of a Russian cargo ship for thirty years. The ship Progress M-12M, which was to supply the International Space Station (ISS), catapulted the wrong orbit by the Soyuz rocket, crashed Aug. 24 in a desert region of Altai (South of Western Siberia) . A week earlier, the Russian space agency Roskosmos has lost contact with the Express AM4 communications satellite, launched by the Proton rocket. The Russian Space Agency (Roskosmos) has lost contact with six satellites over the last nine months, representing a total cost of 16 billion rubles (400 million), according to estimates.

A sector that has suffered from funding amnque

These few accidents have nothing to coincidence. A series of failures and a multitude of launch delays "for technical problems" are symptomatic of the troubles facing the aerospace sector in Russia.According to experts, they are the result of lack of funding in the 1990s. After the fall of the USSR, the government was not able to support programs in the aerospace industry in the long run, leaving this area for many years. Funding for this sector has taken the early 2000s, with an annual budget that has tripled between 2005 and 2011, increasing to $ 3 billion (2.1 billion euros), of which 700 million (490 million) in the form of commercial contracts. However, the salary of a junior engineer in a design office in Moscow Roskosmos always varies between 20,000 and 25,000 rubles (500 to 625 euros), while the average salary was over 40,000 rubles (1,000 euros) in the capital Russia in July this year.

A technology gap

Moreover, the funding problem, everything happened right after the fall of the Soviet Union, the sector has accumulated since its inception in the 1960s an important technological gap. According to the Scientific Director of the Space Policy Institute Ivan Moissev interviewed by the Russian daily Vedomosti, the current failures in the sector are linked with the Soviet legacy. At the time, the state spent a large budget for space exploration, and Russian rockets were cheaper than American rockets. As a result, all equipment were mass produced, not that special attention be paid to quality. "A satellite was lost soon be replaced by a new," recalls one specialist Roskosmos, noting that before 1991, the space agency was not used to account for missed assignments.Today, trying to fill Roskosmos somehow technological backwardness of its devices by integrating systems of foreign manufacture. But this poses problems of compatibility between them.

Soyuz is not affected in Guyana

European partners, however, remain optimistic about Russian involvement in the Galileo project. Russia announced in 2010 its intention to join the program launch navigation systems alternative to the American GPS. The project led by the European Space Agency (ESA), will start on October 20 with a deployment in orbit of the first two satellites from the Guiana Space Center (SMC), through the Soyuz. Asked by Les Echos Friday, Jean-Jacques Dordain, Director General of ESA into perspective. "We're doing a difficult job.The difference between success and failure is minimal, simply a failed component to move from one to another, "said he.

Having sacked the former head of the Russian Space Agency in April, Prime Minister Vladimir Putin ordered Roskosmos to make changes "radical" in the production cycle of spacecraft. The management agency has also decided to suspend for now the launch of all flights of Soyuz spacecraft until the cause of the accident with the vessel Progress to be clarified.

Since the withdrawal of the U.S. shuttle Atlantis, France and Russia are the only replenishment of the International Space Station with its Automated Transfer Vehicles (ATV), launched by Ariane and Soyuz.

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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 No teletrak payday loan. 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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The outlook for the parent company of Airbus are rather positive. EADS confirmed on Friday its forecast for the full year 2011, with sales up 8% to 21.9 billion euros and operating profit (EBIT) of 720 million euros in first half of this year. The net result of EADS amounted to 109 million euros (compared to 185 million euros in the first half of 2010), or earnings per share of 0.13 euro (0.23 euro a year ago) . In the second quarter, the manufacturer posted a net profit of 121 million euros and a turnover of 12.082 million – up from data over the same period the previous year (82 million euros in profit net 11.35 billion in revenue).

The activities of EADS, however, impacted by a decline of 41% of net profit in the first half, to 109 million euros related to accounting revaluations following the change in exchange rates, the statement said the group. But the net cash position of the manufacturer, specialized in aerospace and defense of a $ 11 billion still provides a solid foundation to meet the operational needs of the group and fuel future growth, "said EADS Friday .

An exceptional increase in orders

"Our first half results in 2011 reflect the strong demand in the commercial aviation sector," said the executive chairman of the Louis Welsh, comment out the publication of the results of EADS.At Le Bourget, Airbus, the main subsidiary of EADS has reached a new record this year, orders for 730 commercial aircraft, including 667 A 320 Neo, remotorisée version of medium-haul Airbus, less fond of fuel. EADS believes that Airbus should undertake the delivery of 520 to 530 commercial aircraft throughout the year, with a level of gross orders up to one thousand units. In the first half of 2011, new orders for Airbus amounted to 58.1 billion euros at the end of June the company has already earned 453.8 billion euros (at the end of 2010, total orders was 448.5 billion).

For all of 2011, EADS expects a stable EBIT before non-recurring items in 2011 compared to 2010, about 1.3 billion euros. Louis Welsh stated in particular that Airbus confirms its target of delivering about 25 to 380 in 2011.Moreover, based on the basis of an exchange rate of one euro worth 1.35 dollars, the European manufacturer hopes to earnings per share higher than in 2010, which was 0.68 euro. He also put on a significant improvement in its EBIT by 2012 due to higher sales volumes and improved performance of the Airbus A 380.

The title of EADS was in line with the trend of the CAC 40 stock market this morning, down -0.76% to 24.15 euros.

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