The free electron Arnaud Montebourg was appointed Minister of Productive Recovery, a new song for the important figure of the left wing of the Socialist Party. Arnaud Montebourg
Arnaud Montebourg, 49, was appointed minister of Adjustment Wednesday productive, a role he had foreshadowed a "tour de France plant" made in the name of Francois Hollande during the presidential campaign. It will be flanked by two junior ministers, Fleur Pellerin (SMEs, Innovation and Digital Economy) and Sylvia Pinel (Crafts, Trade and Tourism).
Born October 30, 1962 at Clamecy (Nièvre), that great admirer of Gambetta, son of a butcher and a professor in the Algerian origins, became known as a leading lawyer in battle against Alain Juppé in the case of his apartment the City of Paris in 1995.
Activist of the PS since 1981, elected deputy of Saone-et-Loire in 1997, this speaker is trying to clear facilities in vain, in 2001, full cohabitation, Jacques Chirac to appear before the High Court.
With Vincent Peillon, the fiery MP founded the New Socialist Party (NPS). Their current gets nearly 17% of the votes in Congress in Dijon in 2003, with a slogan: the Sixth Republic, and more power to Parliament.
Voting "no" to the European Constitution in 2005, it is close to Ségolène Royal, it hosts in September 2006 in the "Feast of the Rose" in his constituency.
Gala magazine publishes a portrait of this man with shoulder-length brown hair, thin and always elegant, titled "The Playboy of Ségolène" conversation pieces. Mr. Montebourg, claiming he was duped, assigns the magazine.
Invested candidate, Ségolène Royal is designated spokesman, but suspends the month: on Canal +, the new Minister of Productive Recovery was told that the only flaw of the socialist candidate was his companion, a … Francois Hollande. "We laughed with Ségolène", he relativizes years later.
Montebourg often attacked Francois Hollande, who owes him the nickname "Flanby". The deputy of Saone-et-Loire also spoke of "cowardice" about supporters of the "yes" to the European Constitution in 2005, before turning back at the express request of the then First Secretary.
Ardent opponent of multiple directorships, Montebourg becomes "believing but nonpracticing" by appearing at the cantonal elections in his department, which led him to the presidency of the General Council in 2008. In early 2011, he announced he will not seek a fourth term as an MP.
With primary theorist Olivier Ferrand (Terra Nova), the fiery MP Aubry threat to resign if he does not succeed in 2009 for organizing this new process. "I had my dress emerged avocado eaten by moths," he says. First secretary finally agreed.
Himself a candidate with a small team, Montebourg campaigned on the left wing, defending the "de-globalization" or, according to his many opponents, a neo-protectionism that dare not speak its name. Result: 17.2% of the vote. In December 2011, he created the stir by denouncing "a policy that Bismarck" Angela Merkel.
Happy white knight, he denounces the business federations PS Bouches-du-Rhone and Pas de Calais and demanded to DSK "apologize to all the left".
PS, some criticize this "preacher of morality," its "excesses in the attack." His third place in the primary, however, gives him the role of a kingmaker who choose to personally Francois Hollande. The presidential candidate will make his "special representative", in charge of a factory tour of France. He joins the transition services of a relative of Mr. Montebourg, Aquilino Morelle, now political adviser at the Elysée.
Separated father of two, Arnaud Montebourg is the companion of Audrey Pulvar journalist, with whom he filed a complaint for assault in the streets of Paris in March.
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The German automaker Volkswagen said Thursday an operating profit increased in the first quarter to 3.2 billion euros against 2.9 billion euros a year earlier , thanks to record sales of vehicles.
This is an above analysts' forecasts, who on average expected a profit decline to 2.7 billion euros.
Around 8:10 GMT, action Volkswagen earned 4% to 131.25 euros, while the European sector index gained the automotive 1.6%.
The action is Danone rebound Monday, with investors relieved after the announcement of the takeover by Nestle's division of child nutrition Pfizer, a redemption of $ 11.85 billion which the French group was also in the running.
At 2:50 p.m., the title Danone raises of 1.83% to 53.39 euros in a market down sharply (-2.15%).
"The rise in the stock is clearly related to the fact that it's not Nestle and Danone buys Pfizer infant nutrition. The price is very high and the market would like Danone uses his money for something else, "said one operator
. L action Danone had lost 3.55% Friday following a tip that he was outbid and proposed $ 11 billion to buy up Pfizer Nutrition
…. Analysts say ….. Danone had not the means to finance a transaction of this magnitude, even if it reduced its debt by nearly half since the acquisition of Numico in 2007 to 12.3 billion euros
. Danone's net debt was $ 6.6 billion end of 2011 euros, against 12 billion after the acquisition of Numico.
Natixis, the analyst Pierre Tegner observes that "the strategic importance of the lost battle (against Nestle) depend on the group's ability to recover some assets, either in Asia Southeast Asia (Philippines, etc..) and / or Latin America. "
According to Kyodo, Danone could increase its stake in Yakult Honsha to 28% against 20% today, and asked the group of Japanese drinks to name one of its managers to an executive position.
The resumption of international trade should take place sooner than expected.
It's time for optimism for international trade. This is the conclusion of the study HSBC Global Connections: Trade Forecast (February 2012), which provides a faster growth of international trade from 2014, one year earlier than expected, according to previous analyzes. Between 2014 and 2026, world trade is expected to grow by 86%. Its annual growth is estimated at 3.8% until 2017, then mark a sharper acceleration beyond, with an annual growth of 6.2% from 2017 to 2021.
The biggest concern now trade oil, gas, petrochemical, automotive and electronic goods and equipment. But things are changing. With the threat of global warming and the demand for competitiveness, companies must now be closer to markets where they want to trade. This new situation allows to identify new growth areas. Here are the main:
– Electric power: all regions of the world are now seeking to develop non-fossil energy: nuclear, hydroelectric, solar, wind …
– Containers & Packaging: crates, boxes, and all objects to package and transport goods. This highly competitive industry is expected to grow particularly strong in America (nearly 10% annually over the next five years in Latin America and 8.9% in North America).
– Metallurgy: prepared binders for foundry. The annual growth forecast for this sector should be 8.8% in the next five years.
– Coal: coal and pellets. Demand is high worldwide, and especially in China which produces half the world's coal, but who is also the first consumer.
– Processed food: demand for more sophisticated food is high everywhere in the world.
– Electrical Control Systems: the development of new electrical power sources to the emergence of demand control systems and automatic control, especially in Asia, Europe and North America.
– Infrastructure: The sector is large, since the production of metal bars to the research services and consulting. This sector, vital for global economic growth, is expected to grow 110% in the next 15 years.
The industrial orders rebounded in February in the United States and businesses have increased their orders for capital goods, leaving the industry think that retains some vitality despite signs of slower growth.
These orders rose 1.3%, slightly below the consensus of analysts polled by Reuters which gave 1.5%, according to figures released Tuesday by the Commerce Department.
Many economists believe that the expiration of certain tax benefits on productive investment in late 2011 has encouraged companies to move their investments.
The decline in January was revised to 1.1% against 1% in the first estimate.
Orders for civilian capital goods excluding aircraft, a category closely followed because it was considered a good indicator of future investment plans, rose 1.7% in February against 1.2% in the first estimate.
Officials of the European Union hopes that the leaders of G20 countries will agree to contribute more to IMF resources in April after the agreement Friday on increasing the power of the wind fire-euro area financial.
The IMF seeks to double its war chest through raising $ 600 billion of new resources to help countries struggling with the fallout from the debt crisis in the euro area.
But most G20 countries have said that before they do inject money into the IMF, the euro area was first put more money to solve the crisis of sovereign debt.
This was done on Friday finance ministers of 17 countries in the euro area in agreeing to carry 500 to 700 billion combined capacity of two rescue fund.
"It is important to ensure that the IMF has sufficient resources to fulfill its systemic role in the global economy and yesterday's agreement within the Eurogroup (…) is very important in this regard, "he told reporters the Danish Minister of Economy Vestager Margrethe, whose country holds the rotating presidency of the European Union.
Finance ministers and central bank governors of the G20 countries must discuss an increase in IMF resources on April 22 in Washington.
"It's time to increase IMF resources. It is in the interest of all countries, the focus is on Europe, but it is very important to recognize that there are also vulnerabilities in other parts of the globe, "added Minister
." I think and hope – and this is to How we work – we will reach an agreement in April, "she said
." We Europeans, we can get to re ; unions spring the Washington sense of accomplishment ", for his part said Jörg Asmussen, Executive Board Member of the European Central Bank
… Five …… major emerging countries, said the BRICS (Brazil, Russia, India, China and South Africa), however, have said they would support an increase if they were accorded a more important within the IMF.
The euro area has already said it would contribute € 150 billion more resources to the IMF. The Czech Republic will contribute 1.5 billion euros, 5.3 billion of Denmark, Poland and Sweden 6.3 billion to 6.9 billion euros.
"The EU calls on other G20 countries and financially strong IMF members to contribute to this effort," we read in a paper for the Washington meeting.
United Parcel Services (UPS) agreed to pay nearly 5.2 billion euros to buy Dutch rival TNT Express, announced Monday the two groups, an operation that will allow the gen ; American ant-mail and logistics to gain strength in Europe.
TNT said its management board and supervisory board would support unanimously the offer of 9.50 euros per share, higher than 0.50 euro to the initial offer submitted in February.
The largest shareholder group, PostNL, which holds 29.8% stake, has also expressed support for the operation, which will create a global leader displaying 45 billion euros turnover.
The joint statement from both groups noted that the offer represents a premium of 53.7% over the closing price on February 16, the day before the announcement of the opening of discussions between the two groups.
UPS, already world number one, had long been interested in TNT in order to develop in Europe, including Britain, France and Germany.
The tender offer ends years of speculation about the future of the Dutch group, divided by PostNL, the Dutch post and the year listed separately last.
Faced with declining profits and the unfavorable business outlook for 2012, management of TNT was subjected to pressure from shareholders "activists" such as investment funds Jana Partners and Alberta Investment Management.
Friday, UPS had said further discussions "constructive" with TNT, four weeks after the latter's rejection of its initial offer to 9.00 euros per share.
The U.S. group said Monday that the purchase of TNT will have a positive impact on its financial results for the first year and is sure to get all the official permits for the conduct out.
The economy of Hungary will switch into recession this year, says OECD, which urges the government of Prime Minister Viktor Orban to pass a financial agreement with international organizations and to take further measures to reduce the budget deficit.
Echoing the European Commission, the Organisation for Economic Cooperation and Development also takes note of "controversial measures taken by the Hungarian government (which) have made exacerbate the uncertainty on the confidence of businesses, households and markets. "
"Overall, the economy should be in recession in early 2012 before a modest recovery in the second half of this year because of a slight upturn in confidence and improved financial and economic conditions worldwide, "the OECD wrote in a report released Tuesday.
The OECD expects GDP to contract by 0.6% Hungarian, and this year a growth of 1.1% in 2013. Budapest projected growth of 0.5% in 2012.
The Hungarian authorities have two main challenges, says OECD: stabilizing the economy and restore growth in the long term structural reforms.
"An agreement with multilateral organizations to help restore confidence and facilitate the necessary reorganization of public finances," says the OECD. "It also would ease the burden of debt in foreign currencies by stabilizing the exchange rate."
To stabilize the forint, which fell over 20% since mid-2008, to 292 per euro on Tuesday, the Orban government wants to conclude a funding agreement with the European Union and the International Monetary Fund by the end of the second quarter. But he objects to certain conditions set by the European Commission to open discussions.
EU officials believe that the deficit in Hungary could reach 3.6% of GDP in 2013 if Budapest is not taking new provisions, a view espoused by the OECD.
"Despite a relatively favorable fiscal position, the recent deterioration of the underlying balance requires additional efforts, beyond the measures planned for 2012," says the OECD.
The Organization also recommends that "in 2013 replacing the windfall tax on banks by taxing less distorting."
Changes to the law governing the central bank, including certain appointment procedures "derogate clearly best practice", also says the OECD.
The central bank independence must be guaranteed in accordance with international obligations of Hungary, said she.
In 2009 women earned on average 20% less than men in the private sector in working time equivalent, according to latest figures from INSEE. This is due largely to different qualifications. However, even within each occupational category, the differences remain. Of employees in an office in Caracas Noticias24.com website.
In 2009 women earned on average 20% less than men in the private sector in working time equivalent, according to latest figures from INSEE showed on Wednesday. "In 2009, the average net salary in full-time equivalent for women is 80% of men in the private sector and 87% in the public sector," wrote the Statistical Institute. The conclusion was the same for 2008. "This is due partly to a structure different skills," said INSEE, "for example, 19% of men are employees of private frameworks against only 12% of women." However, even within each occupational category, "gaps remain," added INSEE survey in the "Jobs and wages".
Among managers of private, women's wages is less than 23% and 21% in the public, illustrates INSEE, noting that the gap "can be partly explained by an effect of glass ceiling + +, but also by other elements such as choice of specialty training, industry or career paths. " This wage gap among executives is "much less important in under 25 than among older people," adds the INSEE, which also notes that the differences "are lower in other occupational categories."
Women are more part-time
A study by the Directorate of Coordination of Research, Studies and Statistics (DARES, Ministry of Labour) in 2008 and published on 2006, frequently cited, noted 27% of gross wage gap in the private sector (about 17% in hourly wages, working time to be equal). The gender differences are also visible in the activity rate and working time. If 70% of the population aged between 15 and 64 is active as defined in International Labour Office (worked, not even one hour during a given week), the figure drops to 66, 1% for women and up to 75% for men.
This gap is much reduced between 1975 and 2009 from 31 points to 9 "under the combined effects of rising female participation rates and a decline in male activity." He explains "a large part" by the presence of young children at home "for families of two children with one (or more) is less than three years, the participation rate of mothers is 54% while that of fathers is 92%. " Finally, women are more often part-time, which only partly explained by the presence of children. "Even among the employed and childless, the proportion of women working part time is 17 points higher than men." "This is so very often involuntary part-time, women are likely to work in the service sector where the use of part-time by companies structurally important", said INSEE yet.
The Indian airline Kingfisher Airlines Tuesday seemed about to collapse under the weight of its debts, flight cancellations are being multiplied for almost a week and the resignation of Drivers accumulating tens.
Vijay Mallya, the liquor magnate who controls the airline and gave the same name as his famous brand of Indian beer, said he was determined to save Kingfisher, blaming its financial difficulties with the freezing of bank accounts by the tax.
There is in India no legal requirement for companies to declare bankruptcy. Kingfisher, an Airbus customer, so could the curtain down overnight due to lack of funding, warn analysts.
"If they can not find fresh capital, of course, they are condemned. They have the money or for maintenance or for wages or for anything else, "he told Reuters Lillaney Sharan, an analyst specializing in aviation for Angel Broking. The action
Kingfisher has plunged nearly 20% Tuesday, the day the company was called by management of Indian Civil Aviation to explain the cancellation of more than 100 of its flights during the four days
. At the end of the meeting, the Indian regulator said he had obtained guarantees of Kingfisher on bank financing and the action has erased all its losses
……. .. Kingfisher, which last year was still the second Indian airline, has reached any profits since its inception in 2005, suffering from the flew e fuel prices and fierce competition from low-cost airlines.
Indian market yet fast-growing, nearly 20% in 2011, the turnover of Kingfisher declined since late 2011.
The group acknowledges a debt of $ 1.3 billion (984 million), and lack of liquidity, it no longer pays the salaries of its employees and accumulates unpaid tax, adding, according Kotak Institutional Equities, $ 477 million in debt.
The action Kingfisher plunged nearly 60% since January 2011, melting the market value of the group at $ 269 million.
News reports bring to 300 the number of pilots who have resigned since last September. The Mint newspaper said, citing a government official, also reports that Kingfisher will return two Airbus A320 to companies leasing aircraft because of defaults.
According to the latest data from Airbus orders over Kingfisher deal 32 single-aisle A320 family aircraft, 20 A330s, five long-haul A350 and five A380 super-jumbo.
