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French banks bear the brunt of the deepening of the crisis in Côte d'Ivoire. Ivorian President Laurent Gbagbo out, trying to stay ahead of the state and against the last presidential election, has announced last night on public television RTI "on decrees that the State of Côte Ivory took control by taking a full and complete participation in the capital of some banks. These include the SGBCI and Bicic, which are subsidiaries of Ivorian French banks BNP Paribas and Societe Generale.

His decision is to "preserve jobs and ensure the access of Ivorians and traders to their assets" in "as soon as possible."The two French banks did not wish to comment on the intentions of Laurent Gbagbo.

Financial asphyxiation

Following the post-election crisis, born of the struggle between Ivorian President Laurent Gbagbo and outgoing Alassane Ouattara, President-elect acknowledged by much of the international community, the Central Bank of African States (BCEAO ) has severed its ties with Abidjan in January to try to suffocate the Gbagbo regime. This isolation has closed the financial tap francs CFA president.Far from giving up, Laurent Gbagbo attempted to mount a viable banking system across Ivory Coast, the price of a "huge pressure" on the subsidiaries of large foreign banks to remain in business.

But with the lack of liquidity, technical difficulties and legal risks, and the threat of sanctions wielded by the BCEAO against banks working with the Gbagbo government, especially when faced with violence that threaten the safety of their employees, BNP Paribas and Societe Generale first, yesterday, gave the signal for withdrawal payday loans guaranteed no fax. "Other banks will close," predicted one senior industry.

Effect "cataclysmic" freezing the financial system

Already five major foreign banks have decided to suspend their activities. The interruption of their business is blocking the Ivorian banking system, plunging the country a little more into chaos.The economy had indeed already been drastically slowed by the sanctions of the EU imposing such a ban on the two ports, the country's lung. The effect of blocking bank could be "cataclysmic," according to some.

Already, Abidjan went to stop their banks to withdraw their money. "It is feared the contagion effect, so we just remove a little about our savings," says one entrepreneur. "I'd rather have my money on me, it is unclear what will happen," shouts one soldier. The political crisis appears to have already led to a banking crisis that goes straight to an economic crisis.

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The partnership between Nokia and Microsoft sounds like the choice of last resort. Both groups have accumulated failures in mobile telephony in the past twenty-four months.

"By adopting a clear strategy, we will give teams the Nokia want to fight," said Stephen Elop on Friday, Canada, formerly of Microsoft, called the head of the group six months ago to save the sinking . This is the first time in its history that Nokia has a non-Finnish president. Without clear direction, Nokia was going to drift. The group is cornered. Its global market share is steadily declining. Its range of a hundred phones covers almost all market segments, but has lost its coherence.

Worse still, Nokia has completely missed the turn of smartphones, the high value segment."The first iPhone was released in 2007 and we still have no product whose experience comes close," said Stephen Elop in a memo sent to his troops. Symbian, the operating system house, enjoy a nice installed base of 200 million users, it is not up to its competitors. Sony Ericsson has also waived late 2010 in favor of Android. Meanwhile, the group has dangled for almost two years the arrival on the market for a new operating system, Meego, who will probably never happen, despite spending. Finnish remained strongly committed to the idea that it was the manner of an Apple or RIM to both control the production of equipment and software design.A page now touring with the choice of the Microsoft alliance.

Battle of applications

Small consolation prize for the world leader in telephony, beautiful business performance achieved in countries with strong growth in entry level easy payday loans. Position weakened by the emergence of new actors. "Some Chinese brands hitherto completely unknown compete with Nokia in emerging markets," said Carolina Milanesi.

However, the battle is far from won. The picture is much brighter at Microsoft.The software company launched last year its operating system Windows phone with a lot of advertising and marketing expenses for an inconclusive result, only 1.4 million phones sold in three months.

The two giants have another problem in common: the number of applications on their platform does not allow them to deal with Apple or Google. "We have 8,000 applications, has again reminded Steve Ballmer on Friday. The Nokia Ovi Store has thousands, "according to the brand that is careful not to disclose a figure. Apple is approaching 300,000 and Google applications exceed 100,000. However, the number of applications available is a selection criteria of consumers. In alliance, Microsoft and Nokia hope to catch up in attracting developers advantage. For this, they should offer them a more attractive form of compensation than their main competitors.

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Tahrir Square, Cairo, online:

Visit msnbc.com for breaking news, world news, and news about the Economy

11:04 p.m.: "The time for change is now," said the head of European diplomacy Ashton.

11:01 p.m.: At the end of the program "French Song", Nicolas Sarkozy commented briefly on the events in Egypt, saying it was "inevitable that Egypt is changing and the way of democracy," and assured that " France the help there. " The head of state, however, wants real democracy and not "a religious dictatorship like Iran."

10:55 p.m.: People are beginning to organize to camp on Tahrir Square.A great new day of action is planned for tomorrow.

10:51 p.m.: The vice president called the demonstrators not to listen to "satellite television, but" their heart. "

10:40 p.m.: The vice president spoke in turn to state television and defending the president in ensuring that it has placed the country's interests above his own. He called on demonstrators to go home and all the Egyptians to work together.

10:36 p.m.: Obama met with his national security team after Mubarak's speech. The CIA had indeed thought that the Egyptian president would announce his resignation, a scenario that was favored by the United States.

10:27 p.m.: The Egyptian state television just announced that Vice-President Suleiman will in turn address the nation.

10:21 p.m.: A man lying on the floor of Tahrir Square.The protesters formed a cordon around him to prevent it happen trampled.

10:13 p.m.: Mubarak said in his speech that he wanted to be "buried in Egypt" and he would not leave his country under any pretext.

10:10 p.m.: The Egyptian demonstrators brandish their shoes, a powerful symbol of defiance and anger in the Arab world.

Mubarak wants to ensure the transition until presidential elections. Photo credits: TV via APTN EGYPT / AP

The year 2010 was the year of improvisation in crisis, 2011 should mark a reordering that we hope soothed. Without taking any formal decisions, the bloc will draw on Friday the contours of their anti-debt strategy, before stopping in the coming weeks the overall plan for deciding the future of the euro.

A year after Greece has triggered the alarm, a cautious optimism has returned. It is fed by the release include the "spreads, interest rate differentials that have brought forth last year scenarios bursting of the euro area. "The markets are turning around," we welcomed Thursday at the Elysee.

Striking Force strengthened

The lull depends largely on the hopes invested in the "total package" of relief as the Europeans have announced the end of March, but failed again to agree on the content.This overview is based on a short notice on a strike force for the enhanced relief fund for insolvent countries. And in the medium term, to a serious reordering of national policies to ensure the future competitiveness of Europe.

The second chapter, and policy is driven largely by Germany, has dominated the debate until Thursday. Question of credibility. France weighs for the "economic government" of the euro. She proposed Thursday that the seventeen countries in the single currency will meet at the summit at least once a year. It would, they say at the Elysee, to take "concrete commitments to which all Member States subscribe.Clearly ensure consistency in depth, beyond the areas of EU competence.

But it is a more technical aspect that the markets expect the euro to its immediate evidence: the reform of the European financial stability, the first line of defense of the single currency. After having dragged their feet, Germany has just signaled it is prepared to endorse an increase in enrollment to 440 billion euros in the response capacity of FESF. It remains to determine the practical arrangements for the rise.

Nine months after the rescue of Greece and ten weeks after that of Ireland, it also becomes necessary to permanently reduce the interest burden for two countries that are struggling to keep their heads above water. In the closed session of the summit, it will be the essential issues.Without neglecting course neither Portugal nor Spain, to which Angela Merkel Thursday awarded a certificate of good conduct.

To ensure the efficiency and flexibility of the relief fund, it is lacking in Europe nor scholars nor financial arrangements feelers: Flexible credit lines, purchase obligations of debtor countries on the primary and / or school, targeted cuts in interest rates. "There are so many ideas that could take months to explore them all," said one European official. The real question will be chosen at the appointed hour, he says in substance. That is to say the decisive summit on 25 March.

After walking along the peaks on Tuesday, the ACC 40reprenait his breath yesterday. And the consolidation continues on Thursday in a context of extreme caution. At the close, the CAC 40 dropping 0.74% to 4 036.59 points. Even in England where the mood Footsie loses 0.28% to 5983.34 points. In contrast, the German Dax stands out by showing an increase of 0.14% to 7193.68 points, the good news for companies taking precedence over concerns about Egypt.

Wall Street opened disorganized Thursday.

Fears escalate the situation in Egypt resurface when violent clashes between pro and anti-Mubarak, in Cairo, have already killed three people and wounded hundreds.

ECB: "interest rates are appropriate"

They keep an eye still on macroeconomic indicators of the day.On this side, a busy day with:

– In France, growth in activity in the services sector accelerated further in January to its highest level in four months and now exceeds the average long-term, final results showed Thursday in the monthly survey with Markit purchasing managers.

– In the euro area, also growth in the services sector accelerated at a faster pace than expected in January, according to data released Thursday, but these figures do not reflect persistent differences between member countries.Also note, always eurozone retail sales decreased 0.6% in December compared to the previous month after falling 0.3% in November, according to data released Thursday by the EU statistics office Eurostat.

– European Central Bank has not surprisingly left its rates unchanged Thursday, but investors are alert to any indication of the ECB said it is prepared to act to contain consumer prices in view of inflationary pressures.

– United States: New jobless claims fell more than expected, when 415,000 applications for grants were submitted from January 23 to 29, according to official figures released Thursday.

Business productivity rose 3.6% in 2010, after rising 3.5% in 2009, according to official figures released Thursday in Washington and testifying to the fact that economic recovery has not led to genuine recovery employment.

Note that the side of the oil, oil prices continue to surge. In London, the price per barrel for the month of March gained $ 1 Low fee payday loans.03 to 103.37 dollars, its highest level since September 2008. Brent has broken the technical resistance of 102 dollars.

Values to follow

Bonduelle: -2.26% to 68.42 euros

The food group on Thursday posted a turnover up 16.4% to 884.6 million euros in the first half of fiscal year 2010-2011 (ended June). But exchange rates and constant perimeter, growth is reduced to 1.6%, according to a news group.The group also confirmed its objectives for 2010-2011: a 30% drop in operating profit for the full year.

Hermes: -0.70% to 149.15 euros

The luxury giant has reported a very strong organic growth in the fourth quarter, boosted by sales of Christmas and has said it expects an increase of over 40% of its annual profit before tax.

France Telecom: + 0.64% to 16.52 euros, Bouygues: -0.56% to 33.62 euros, Vivendi: -0.66% to 21.10 euros

Orange, Bouygues and SFR join forces to Atos to create a joint company called Buyst to provide a platform for e-payment before the summer, reports the newspaper Les Echos.

Societe Generale: -2.30% to 46.85 euros

The Federal Reserve announced Wednesday it had accepted the bank in the small circle of investment banks and brokerage firms allowed to operate in the primary market.

NRJ: + 2.25% to 8.65 euros

The group reported a turnover in excess of expectations for all of 2010, boosted by renewed investment in advertising and dynamism of DTT channels.

Vicat: -0.73% to 56.81 euros

The group anticipates a recovery in 2011 sales volumes in France, its largest market, after a year 2010 saw stabilization and further internationalization of the business.

Bolloré: + 0.12% to € 161.50

The group announced the acquisition by its energy division of the remaining 49% stake in LCN (Les Combustibles de Normandie).

Partouche: -4.12% to 2.33 euros

The group announced Wednesday the launch of a new capital increase of EUR 30 million, guaranteed by Butler Capital Partners (BCP), during which the private equity firm will enter the capital of the casino group.

Maurel & Prom published its annual results after market close.

The annual ritual is a fixture in the business. And a unique moment to seize every year to share deeply with your supervisor. Essential for achieving the goals you have set or reinforce your professional position, this appointment should not be taken lightly. "If there is an important moment in the life of an employee, it is this one," says Nathan George, founder of the consulting firm HR NG. Prepare adequately is one of the keys to successfully complete this necessary step. Topics to be addressed, tone to adopt, not to cross boundaries …: our tips to maximize your chances of success.

• What is the annual maintenance?

It's one of those rare moments where the employee can exchange freely and at length with his superior.The opportunity to showcase your work, find points of improvement, defuse conflict, to set targets for the coming year, to express your wishes for professional development … "You are considering expatriation, a change of job, training? It's time to raise these desiderata. The real issue of annual maintenance for the employee is getting what he wants, "said Nathalie Georges. A possible increase in wages may also be mentioned, although some companies prefer to separate the wage negotiations that managerial appointments. In this case, it is better not to broach the subject.

• How to prepare annual maintenance there?

"The more the employee was prepared for the interview, the more likely it is to emerge stronger," the judge specialist.This preparation will focus on three points: a clear definition of the objectives of the employee during the interview, a psychological preparation to be able to emotionally deal face-to-face, and the development of your argument payday loans with no fax. For though you were asking or turn in evidence, it is crucial that you do it in a concrete and factual. For this, it may be useful to prepare maintenance throughout the year, noting the examples on which you rely. "Be careful, however, said Nathan George, do not wait for the annual show things that seem important."

• All truths are they good to say?

"We must be transparent, says the human resources specialist. Everything you say and did not spell out risk at one time or another.Also, do not express your dissatisfaction can lead to frustration. " What, however, limits should not be crossed? "The frontier of impertinence is moving. It depends on your temperament and that of your manager. But in general, and whatever you say, it is crucial to present your remarks in a concrete and reasoned. It is not enough to express what's wrong. Failing a solution, the employee must deliver the facts needed to act. "

• What are the pitfalls to avoid?

During annual maintenance, the employee must show or negative, as explained above, or liability. "He must lead the exchange, be in a leadership position in the discussion," said Nathalie Georges. The employee must also be careful to tailor his speech to his party."It is unnecessary and even counterproductive to let your emotions seem excessively if your manager is a very rational person. But emotion is not to banish all that, if properly managed. "

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The track is confirmed in the Chinese espionage case that target Renault. A note from the Central Directorate of Internal Intelligence dated January 7 attests. For now, it's just a bundle of converging suspicions that the French spy-cons must seek to substantiate in proceedings once he is officially before a judicial inquiry.

For now, the police sub-directorate for economic protection of the DCRI are on alert. They just carried out a number of "checks" until the builder filed a complaint in proper form. It had become inevitable, could act in the next few days.

At first, everything seemed to indicate that Renault had wanted to resolve this matter internally, discreetly and without making waves.When the manufacturer learned last August in favor of an information, it seems, suspicions of corruption involving three of its executives, he entrusted the care of this matter to its ethics committee, which in close relationship with some members of senior management, is organized to collect information. In its own way. Rather than using formal services, it relies on a private security firm to investigate possible wrongdoing. To everyone's amazement, the names of Jean-Michel Balthazar, a member of the steering committee and director of the division and upstream projects "that has worked for thirty years for the group, his deputy, Bertrand Rochette, in charge of pre- projects, and Matthieu Tenenbaum, assistant project director of electric vehicles, are listed in the confidential file.For months, these three men were found, enabling investigators to trace back to Renault.

"The specialized police became aware of the case by the press, Le Figaro said on Monday a source familiar with the matter. Astonished, they have even approached their counterparts in the Directorate General for External Security (DGSE) who were aware of anything either … "The three executives were laid off last January 3 before a flight in the press set fire to the powder and that Renault is in contact with the cons-espionage last week.

China's giant power

Refusing to reveal a priori the name of the mysterious pharmacy, the manufacturer has delivered some of his conclusions.According to our information, private investigators have ascertained that two of the three leaders suspected of embezzlement shall be provided with a bank account in Liechtenstein, where 130,000 euros have been discovered, and a second one in Switzerland where 500,000 euros have been deposited. According to the same pharmacy, the money would come from a Chinese company based in Beijing, China Power Grid Corporation, a giant electrical distribution … Questioned by Le Figaro, Renault did not want to make any comment Monday night.

To opacify the financial circuit of alleged bribes, kickbacks, secret payments allegedly passed through a series of intermediaries established in Shanghai and the island of Malta.What draw the sinuous contours of "international organized network" mentioned this weekend in Le Monde by the number two of Renault, Patrick Pelata.

It remains to know the exact nature of the information passed through the chain of industrial espionage. "No nugget technology" has been filtered out of the business, has also assured the Director-General of the Board, before adding "whether the particular chemistry of the electrodes, the architecture of batteries, assembling the various components, the shipper or the engine itself, we are calm. "However, an informed source confided to Le Figaro on Monday that "the automaker did not yet have a clear view of all information that may have been transmitted by the alleged spies."

For now, all the "information" obtained in such shady circumstances by private investigators can not constitute evidence. "My client is stunned by this story, do not know the case against him and was like living a nightmare hammered Monday Thibault de Montbrial, lawyer Matthew Tenenbaum. We refuse to respond to rumors and accusations peremptory, made by Renault, who lost all caution in its communication. We will respond when allegations are supported by hardware. "

Any searches

The three executives will have details on the facts alleged against them as of this Tuesday.They are all three called for interviews prior to possible dismissal. Internally at Renault, the emotion was still as sharp on Monday. "Why do that?" Questioned one of the employees. Matthieu Tenenbaum, assistant program director of the electric car 33 years, was highly appreciated and promised an outstanding career at Renault.

Only the legal referral service as the DCRI investigation should explore in depth the mechanism of leakage and its real significance, especially when they heard the suspects under police custody, by making possible searches, the Technocentre Renault in Guyancourt (Yvelines) or elsewhere.

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To distinguish itself from its competitors in the primary Socialist Manuel Valls one of his cards that 35 hours. Candidate said long-time deputy mayor of Evry therefore repeated Sunday that he had to "unlock" the legal working hours.Guest of Grand appointment 1/The Europe Parisien / Today in France, he was justified in pointing out in particular that in his eyes, "the 35-hour no longer exist as they have really been challenged gradually since 2002. "

"This should allow the French, for those who are fortunate to have a job, more work-two hours, three hours …- Without necessarily resorting to overtime that cost the state much, "said the candidate for the Socialist nomination for 2012:

Supporter of "work more and better," he hammered, "Is what you've seen a socialist who is now proposing to extend the 35 hours for example to all SMEs that were not affected by 35 hours? Is the world as it is today, with the competition we know we can afford to be on ideas of the 70, 80 and 90? No! This is my brand, we must go beyond the issue of 35 hours. " In 2012, "we can not go to the French with the same proposals, the same ideas the 35 hours, youth employment, in 1997.The world has changed so we too must change in our proposals, "Manuel Valls insisted, also favor the opening of negotiations between social partners to" raise wages. "

"Beyond the 35 hours," workhorse Valls

Critics Manuel Valls against 35 hours, however, are not new. In his book Power, published by Editions Stock in March, Valls violently attacked the measure that has "damaged the competitiveness of our economy.""Even if they have created employment, it must certainly exceed," he launched at the same moment on RTL, while the world calls "establishing a professional social security – what I call a flex-security – and redefining the working time and training throughout life. "

Implemented in the Jospin government by the current boss of the PS-Martine Aubry then Minister of Employment, the 35 hours is considered a social gain by Socialist leaders, who today put more heart in this issue political debate.

UMP side, the new secretary general of the UMP, Jean-Francois Cope, has reignited the debate about the end of 35 hours in mid-December announced a "reflection" on the subject, conducted by two Liberal MP and Novelli Chairman of the UMP group in the Senate, Gerard Longuet.But the government spokesman, Francois Baroin, as Labour Minister, Xavier Bertrand, have made a plea of receiving, considering that the government did not intend to reopen this debate.

Management side, the CGPME, resolutely hostile to the 35 hours, she also believes that the "problem" was "resolved" in small and medium enterprises and that this site should not be reopened.

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The European Commission slap on the fingers of poor performers in the euro area. It was shown Monday more pessimistic than some governments, starting with Portugal, Spain and France, on their ability to reduce their public deficits next year.

In its latest economic forecast, Brussels believes that Portugal's public deficit will be reduced to 4.9% of GDP next year, after 7.3% this year. It's better than its forecast of spring (7.9% for 2011), but higher than the 4.6% deficit anticipated in the budget proposal of the Portuguese government.

The same goes for Spain: Brussels believes that the deficit will fall to 6.4% of GDP next year after 9.3% this year against a previous forecast for 2011 of 8.8%.But the Spanish socialist government hopes to fall to 6%.

Markets still volatile

Late Monday morning, the cost of insurance (CDS) on debt soared Spanish and Portuguese, respectively 350 and 25 points from 43 points to 545 according to data from Markit. "It seems that the aid package to Ireland was not calmed the fears of the market," said Gavan Nolan, head of research at Markit.

The Commission expressed concern Monday of the current market environment. "The financial market situation remains worrying, with possible new tensions, as recently evidenced by the resurgence of tensions in the markets for sovereign debt," she noted in a statement.This could indeed hamper growth in the eurozone, as Brussels hopes to see again accelerate to 1.8% in 2012 after a slowdown late 2010 (when growth is expected to reach 1.7% final) and 2011 (1 , 5%).

France too optimistic

Brussels has also questioned Monday the forecast deficits of the less covered by today's markets. This is particularly the case in France.Brussels believes that the second economy in the euro area is expected to reduce its deficit next year to 6.3% of GDP against 7.7% this year, when Prime Minister Francois Fillon pledged last week to back down to 6 % from 2011.

"The turmoil in financial markets underscore the need for strong policy action" to reduce the deficit, said the Economic Affairs Commissioner Olli Rehn said in the statement.

The austerity programs implemented in many countries still start to bear fruit. The Commission estimates that the average public deficit of the entire euro zone should fall faster than expected next year to 4.6% of GDP after 6.3% this year. In its spring forecast, yet it expected a deficit of 6.1% next year after 6.6% this year.

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"SPECIAL – States face bankruptcy

Apple has the showmanship. On Monday, a message posted on its website promised an announcement "exceptional" for this Tuesday at 16 o'clock. Immediately, the specialized sites are engaged in a true treasure hunt to guess the subject of this announcement. One scenario has quickly established itself: the arrival of the Beatles catalog on iTunes.

Since the launch of Apple's digital music store in 2003, integration of the Beatles on iTunes does figure of Arles. The rumor resurfaced routinely before each conference Steve Jobs. In September 2009, was taken for granted: the band's albums were released in version "remastered" and Paul McCartney and Yoko Ono, two managers of the precious catalog, had indicated their desire to negotiate with Apple.

Relations have not always been so addressed.A dispute has long opposed the label Apple and Apple Corps, founded by the Beatles, who share the same name. To avoid confusion of trademarks, the California company has embarked on in 1981 to have no musical activity. The output of the iPod and iTunes came to cause trouble. After several passages in court, an amicable agreement was reached in 2007 between the two Apple.

The situation has been gradually released. And according to The Wall Street Journal, the New York Times and Billboard, the negotiations to release the Beatles catalog on iTunes, started a long association with the major EMI have finally succeeded. Apple could benefit from a presentation Tuesday to introduce also a version of the iPod and the iPad dedicated to the Beatles, as he did for U2 before.

A symbolic

Described as "exceptional" by Apple, the announcement will first and foremost a symbolic significance.The Beatles are indeed one of the last groups to go digital soon. According to the New York Times, the agreement would in fact much to the tenacity of Steve Jobs, a great admirer of the group. Upon the death of George Harrison in 2001, the presentation of the Apple site had been upset to pay tribute to the guitarist of the Beatles.

The financial impact may be more marginal. In a depressed record market, the "Fab Four" certainly retain a capacity to attract phenomenal. United States, they still achieved the third best selling in 2009, behind Michael Jackson and Taylor Swift. In France, EMI has sold 100,000 last year remastered CD in just one week. But Apple is gaining much more money selling iPod and iPhone with iTunes. And the fans did not wait for iTunes to convert the songs themselves the Beatles.

That is why other announcements are expected on Tuesday …by Apple fans this time. "There is a chance that Apple has changed its plans at the last moment," also said the Wall Street Journal. iTunes, which has previously adopted the model of downloading the document, could convert to listen to streaming music subscription, facing the breakthrough services like Spotify. But this requires new agreements with record companies, which have not yet been signed.

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