Live News

"This crisis does not pay." One month after the birth of the movement of the "outraged" that has spread throughout the country, between 35,000 and 40,000 people, according to police, marched in Madrid against austerity. The crowd came in processions from all six districts of Madrid, gathered near the parliament in the center, opposite a row of blue gates and a dozen police vans blocking the road.

"Against unemployment. Organize yourself and fight. Let us march together against unemployment and capital, "proclaimed one of the great signs. "We are not commodities in the hands of politicians and bankers," said another banner in red letters.Under the slogans, demonstrators of all ages, families with strollers, young, unemployed and retired, came to testify of the same tired response to the crisis that is strangling the Spanish company.

Unemployment and corruption

Protesters targeted the Stability Pact in the euro area and its imperatives of fiscal discipline, politicians accused of corruption and not the voice of citizens, unemployment hitting 21.29% of the workforce in Spain, almost half the age of 25.

"We must prepare for a general strike 100% free credit score. We will paralyze this country, "said a speaker at the microphone."Banks and governments that have caused this situation should be aware that we do not agree with the measures and budget cuts, we intend to be heard, and that we will," assured the flat platform calling for demonstrations across Spain.

Broad popular support

Tuesday, June 13, the "outrage" had dismantled their camp from the Puerta del Sol in Madrid, a symbol of this wave of protest. Enjoying broad popular support, they now want to consolidate their movement through the neighborhood assemblies and other occasional events.

Other demonstrations were planned in the late afternoon on Sunday, including Barcelona and Valencia, and in several foreign cities, including Paris, where nearly 450 "outraged" gathered.

ALSO READ:

"INFO ON DEMAND – The reasons for the youth revolt in Spain

"Spain:" Young people want to imitate the Arab revolution "

"Greece is planning a referendum on the rigor

"Greece: the scenarios of the crisis

"SPECIAL – Europe, States facing bankruptcy

The games are not made. While the International Monetary Fund is seeking a new general manager following the resignation of Dominique Strauss-Kahn, emerging countries are mobilizing for a leader from their ranks.

While for now, no Chinese is not on the list of potential candidates for the resumption of the post, the Middle Kingdom believes the new boss of the institution should be Chinese. "The time has come to put an end to Western domination on the IMF," said Shan Renping commentator, in an article published by the Chinese newspaper Global Times. He adds that "one of the main responsibilities of the IMF is to oversee the trade and provide funds to countries in need, capabilities that can provide a growing China."He cited the name of Zhu Min, the former deputy governor of the People's Bank of China, then became Special Advisor to the Director of the IMF, as a potential buyer of the post.

For its part, the Mexican Minister of Budget, Ernesto Cordero, supported the candidacy of Governor of the Bank of Mexico, Agustin Carstens. "This is the best candidate for the IMF," said the minister at the Mexican press.

Statements which echoes the words of the Brazilian Finance Minister Guido Mantega said Wednesday that the succession of DSK to head the IMF should not be "decided in a hurry" or reserved for a European.

For Lipsky, Christine Lagarde is one of the candidates "well qualified"

Since the establishment of the institution the item is traditionally given to a European Bank since management is entrusted to an American.Thus, if an emerging leader is elected this would be a first for the institution.

While the position raises all desires to the four corners of the globe, American John Lipsky, who has served as Acting, said yesterday that the Board of Trustees will meet Friday to discuss it. He believes that Christine Lagarde is one of the candidates "well qualified" to lead the institution. A view widely shared in France and Europe, where statements of support have multiplied yesterday.

However, John Lipsky has left the door open to candidates from emerging countries, stating that "there is a consensus among our members that the process of appointing the CEO should be open, transparent and must be on the basis of merit. Open means open.Open does not open only to some. "The campaign has only just begun.

ALSO READ:

Who could lead the IMF to replace DSK?

The cold shower! Between January and March, the amount of money bet on sports online paris tumbled 26.5% in France compared to last quarter of 2010. According to the Regulatory Authority online games (Arjel), they accounted for 147 million euros for all 16 sites de paris sportifs allowed (BetClick, Bwin, PMU, … FdJ).

"This is a significant decrease, but this does not mean that athletes will put Paris down more than 20% this year, according to Jean-Francois Vilotte, president of the Arjel. The market just opened and we have no referent for the first quarter of 2010. We are attentive. It should not be the legal tender, for lack of attractiveness, the lead players trying to reconnect with the illegal sites. "

Football remains the supreme discipline of bettors

Several factors explain this lack of enthusiasm of the punters, starting with the sports calendar.There was no unifying event as a World Cup football, capable of boosting demand. Football remains the supreme discipline of punters, with 54% of stakes, to tennis (24%).

That said, the end of 2010 had not been richer in big tournaments. Operators are responsible for what happens to them. "To reconstruct a portion of their margins and respect the average rate of return to players imposed by law, they have degraded their ratings, making them less attractive to paris players," said Jean-Francois Vilotte. Indeed, if the bets were down 26.5% in the first quarter, gross gaming revenue has increased it to 33 million against 27 million last quarter of 2010. "Operators have underestimated the lack of culture in France paris sport and have not adapted their supply, said Jean-Francois Vilotte.Italian and English are long accustomed to paris sports, often to excess. But bet on Beckham's haircut is not necessary for sports! "

Missing operators

However, fans of horse racing and poker paris are themselves remained at the rendezvous. In the first quarter, the amount bet in paris horse has reached 241 million euros, in the last quarter 2010 and still much more than this summer. In poker, they are also stable at 1.9 billion euros, while the activity of tournaments grew another 4%, entry fees from 261 to 271 million in three months. One thing is sure, Jean-François Vilotte concluded: "Quite naturally, some sites will disappear or be absorbed." Already, Canalwin, a subsidiary of Canal + and Ladbrokes gave its approval.TF1 and prepares to throw the towel in Eurosportbet.

ALSO READ:

"Internet deals are in the United Kingdom

"Web: the recipes for pay content

"BLOG-SXSW '11: Foursquare prepares for life after check-in

The news will revive speculation about the succession to Maurice Levy. The boss of Publicis Groupe, the world number three communication, set this Wednesday, Jean-Yves Naouri head of Publicis Worldwide, its largest advertising network. A decision fraught with meaning, and "an important context for me," says the FigaroMaurice Levy, whose term as CEO was extended beyond the end of 2011, but no deadline is set .

Jean-Yves Naouri, who also remains CEO of Publicis Groupe operational, takes the place occupied since 2006, Richard Pinder, who is leaving Publicis' to carry out personal projects. "

At 51, Jean-Yves Naouri still does not inherit the scepter, but puts its new mission as a worthy successor.While giving him the keys to the brand's founding group Publicis, Maurice Lévy offers him the opportunity to "complete the range" of its capabilities: to manage the operational activity of a network of nearly 10,000 employees, serving client world leaders in their sectors such as Renault, L'Oreal, HP, Nestle and Procter & Gamble.

His appointment and the departure of Richard Pinder concomitant further reduces the range of possibilities, especially after the release of the game by David Kenny, former head of Digitas, acquired by Publicis in 2007, and Vivaki – which includes activities and digital media group payday loan online. The latter joined the Internet Akamai solutions specialist.

Initiatory journey

The trajectory of Jean-Yves Naouri has it, all of the initiatory journey.He joined Publicis in 1993 after a stint in the cabinet of Dominique Strauss-Kahn, Minister of Industry from 1991 to 1993, this X-Mines co-founded Publicis Consultants, assumed the chairmanship of Publicis Conseil in 2000, and his classes internationally, including the charge recovery activities in northern Europe, or that the healthcare division.

Organization man, Jean-Yves Naouri has risen through the ranks of the group. Appointed Executive Vice President of Publicis Groupe in 2004, Deputy Director General in charge of operations in 2006, then Chief Operating last year, he is a member of the Board since 2007.

Challenge beautiful "and" great opportunity "in the words of Jean-Yves Naouri, the post he was offered Wednesday is" a step closer to the finishing line, "which places" in an excellent position in the race "warns Maurice Levy.

It's the domino effect. Twelve days after the earthquake that hit Japan, manufacturers of electronic goods continue to feel the shock wave. On Tuesday, Sony announced the suspension of production in five of its factories, which were not affected by the earthquake or tsunami. But they are now facing power cuts, shortages of components or raw materials.

Laurent Roussel, CEO of Panasonic France, announced that four Japanese factories in the group had stopped their production. "Our sites themselves have suffered very little damage, but the infrastructure does not work anymore," says Laurent Roussel. A situation similar to that known by Sharp. "Some of our plants are occasionally arrested, because of power cuts. Transport is also affected.Priority is given to people and help, "says Patrick Chardin, the CEO of Sharp France.

From last week, Toshiba had suspended part of its production, not to weigh on consumption of electricity. Under these conditions, no one will risk a prediction on the consequences of such interruptions to production. While large groups have a clear picture of damage to their own plants, they lack information on their suppliers. Last dreaded effect: a collapse in domestic demand. "The Japanese manufacturers are also very powerful in their domestic market online payday advance. If domestic consumption were to fall, it would be a major blow, "said Patrick Chardin. To complicate matters, the Japanese groups close their financial year to 31 March.The proximity of maturity contributes to a more prudent.

International impact

Despite Japan's importance in the global electronics production – Archipelago weighs 20% of LCD or 16% of memories – nothing to suggest that Europe will be affected by a shortage of TVs or computers. Most of these products are transported by boat, which involves traveling time of around five to six weeks. For now, manufacturers believe that it is still possible to make up for delays in shipping their products by air. With consequent higher prices.

"The worst disaster that exports would fall. This would have the effect of a second earthquake in Japan, "warns Lawrence Roussel, who is most concerned about rumors of possible radiation problems of products. "Nothing is further from the truth, he says.Especially since the products currently on the shelf have left Japan there are more than a month! "Nevertheless, some manufacturers have already put in place procedures to control the output string to reassure their customers.

ALSO READ:

The sensational espionage case that shook Renault continued on Sunday to "deflate". One of the three security officials of the automotive group into custody-to-view this weekend, Dominique Gevrey, was indicted for "organized fraud" and imprisoned following the dismissal last January three group executives for espionage.

Two other officials cautioned to view this weekend, including the director of security and close to Carlos Ghosn, Remi Pagni, however, were released Sunday morning, without any charges being brought against them.

The two frameworks safety first taken into custody-to-view, and Marc Dominique Gevrey Tixador, both authors of the report which led to the dismissal of three employees, have so far refused to reveal the name of the informant the source of accusations of espionage.By the reckoning of Renault's lawyer Wednesday to a microphone Europe, the automotive group has made "in the order of 250,000 euros" in this anonymous informant, through an intermediary agent of a private intelligence to collect data that led to three dismissals.

Renault claims a "manipulation"

Renault claims not to know either the name of that source, and have asked the two security officials, "who are only to know, to deliver his name and address to the investigators," said Renault's lawyer no fax pay day loan.This same source who gave Renault numbers of three bank accounts which was based on the automotive group to accuse the three executives have coined strategic information on the program of Renault's electric vehicles.

However, investigators of the Central Directorate of Internal Intelligence (DCRI) claimed last week they had found "no evidence of bank accounts" on behalf of these employees, nor "any evidence of espionage." As a defense, Renault now evokes the idea of ​​a "manipulation". In an interview with Le Figaro, the number two carmaker, Patrick Pelata, said that if this hypothesis was confirmed, "Renault will be attentive to repair any injustice."He also designated himself as a scapegoat, saying the group will draw all the consequences of this case until the highest level of business is to say to me ".

ALSO READ:

"INTERVIEW – Patrick Pelata," I will draw all the consequences "

"Renault has confirmed having paid its informant

The maker of Smirnoff vodka and Guinness beer is poised to become the specialist of Turkish raki. The British giant Diageo puts his hand on Içki Mey, the leading Turkish spirits, after paying 1.5 billion euros from TPG Capital and Actera.

This group, who performed last year a turnover of 355.6 million euros, controls 80% market raki, the national famous alcohol with anise, and 65% of that of vodka. By seizing Mey Içki he coveted for several months, Diageo strengthens the distribution of its own brands in the Turkish market where it previously occupied fourth place with 4% market share of spirits, to Pernod Ricard (3% ).

"Turkey is an attractive market for Diageo and developed with strong growth in gross domestic product, says the CEO of Diageo, Paul Walsh.The acquisition of Mey Içki improves our position in the spirits market with high growth. " A market, boosted by the emergence of the Turkish middle class, which is still dominated by raki and alcohol cheap.

Rebalancing strategy

After several years of strong volume growth, they should nevertheless settle for 2015. "Diageo is betting on the transfer of consumption to international brands as they become more accessible," says Jeremy Cunnington, senior analyst at Euromonitor. The various taxes, which penalize hitherto imported international brands, should gradually decline by 2018. Diageo hopes to take full advantage with its broad portfolio of brands.

The acquisition of Mey Içki also part of a rebalancing strategy in emerging countries.During its last fiscal year (2009-2010), 67% of the volumes still came from the United States and Western Europe. It is precisely in Europe – particularly Greece, Ireland and Spain, where sales fell 13% in the first six months of fiscal year 2010-2011 – the slowdown has been most marked. "While growth in sales of Pernod Ricard was twice that of Diageo's first half is due to the lack of presence of the latter in emerging countries, China and India in mind," says Jeremy Cunnington.

Diageo, who had preferred to leave India after the Asian crisis in 1998 gave way to Pernod Ricard, which now owns 8% of the market. Diageo is now trying to regain a foothold in the region.He has just returned to 24% stake in the spirits of the Vietnamese leader (Halico) after taking control late last year of a heavyweight Chinese (Quanxing). China will become this year … second country, ahead of France, Pernod Ricard.

ALSO READ:

The results from Pernod Ricard by emerging countries

U.S. equity markets remain subdued on Tuesday. After gaining 0.57% on Monday, the Dow Jones evolves close to equilibrium, losing 0.04% to 12,157 points. The Nasdaq was down 0.25% to 2777 points and the S & P 500 0.16% cowardly to 1317 points. Monday, reassured Egypt U.S. markets ended in green.

Announcements of mergers and acquisitions have also supported the U.S. markets. The internet portal AOL (-3.11% to 20.53 dollars), has announced the resumption of the most famous American newspapers online news, the Huffington Post, with $ 315 million in cash.

For its part, the diversified industrial group Danaher (2.37% to 50.19 dollars) has announced a friendly takeover bid of 6.8 billion dollars on the company specializing in medical diagnostics Beckman Coulter (+0.05% to U.S. $ 82.69), while Ensco drilling specialist proposes to acquire Pride International for 7.3 billion dollars.

On the foreign exchange market, the euro remained slightly higher against the greenback on Tuesday, remaining just above the threshold of $ 1.36 after its decline yesterday, the traders regaining confidence in the hope German industrial production rebound. To 16 hours in Paris, the euro bought 1.3623 dollars against 1.3581 dollars late Monday.

On the macroeconomic front, there is no any major indicator on the agenda of U.S. investors on Monday.Investors await a new salvo of results on Wall Street with figures including Walt Disney for the first quarter.

Earnings down for NYSE Euronext

The side of values, on Tuesday, the transatlantic exchange group NYSE Euronext (-1.21% to 33.35 dollars) posted net earnings down 21% in the fourth quarter, to $ 135 million, affected by a particular adverse currency effects. Operating income, excluding merger expenses and exit costs, amounted to 188 million, down 10% year on year short term personal loan.For its part, the turnover has fallen from 4.21% to 613 million, due to unfavorable exchange rate, which weighed up to $ 19 million, the group said in a statement.

Always on the side of values, a former scientist has been convicted by a federal jury of stealing U.S. secrets to the Dow Chemical (0.74% to 37.90 dollars) for sale to Chinese firms said here Monday with prosecutors. Chyu Liu Wen, also known as David Liu, a former Dow employee aged 74, was found guilty of having gone to China to sell confidential information relating to synthetic materials manufactured by the giant chemistry and biotechnology used in the automotive and construction.A federal jury in Baton Rouge, was found guilty of conspiracy to steal trade secrets and perjury. Arrived in the United States from China as a student, he then worked for Dow Chemical from 1965 to 1992.

Microsoft (+0.29% to 28.28 dollars) would prepare a big bang. According to Bloomberg, CEO Steve Ballmer group will announce a major reorganization of its management team in February.Steve Ballmer wants to promote profiles with high technological expertise.

Sanofi-Aventis (0.87% to 34.90 dollars) on Wednesday expected to show profits in 2010 similar to those of 2009, despite competition from generics, but the presentation of group results Wednesday is likely to be overshadowed by the finalization expected imminently, the purchase of Genzyme (-0.12% to 73.93 dollars).

Also note, the U.S. authorities on Monday presented their proposal to regulate bankers' bonuses and suggested they would do if some institutions attempt to circumvent the reforms. According to the proposal of the Federal Deposit Insurance Corp. (FDIC), half the premiums of leaders of major U.S. banks would be subject to a deferred for at least three years.

The strikers French ports do not let go until Tuesday at least. It is the day chosen by the National Federation of Ports and Docks CGT (CGT FNPD) to meet in Paris secretaries general of the port unions fifty members. The latter will discuss what action to take in the strike that affects the major French ports.

Since Friday, stops alternating between dockworkers and port agents strongly disrupt the activity. In Nantes / Saint-Nazaire, no activity is expected on or near the terminals until Tuesday at 6:00.

This Sunday, the movement continues for the third consecutive day. Saturday at Nantes / Saint-Nazaire, seven ships were stranded at the dock and twelve offshore. In Fos, freight traffic was disrupted at the level of 80-90% this weekend, while at Marseille-East, he was paralyzed at 100% for containers.Daniel Manca, secretary general of the CGT Dockers port calls even cruise lines to "avoid Marseille. At Havre, the second French port, the movement also continued, including blocking container terminals.

The strike could also cross borders. The International Dockworkers Council (IDC), which includes unions of longshoremen and officials in European ports, is calling on its members to join the French movement by "solidarity." "First, it means refusing to deal with hijacked ships to French ports payday loans. It is also very important for you to show your solidarity by sending letters of support and condemnation for employers and the government, "reads a letter in the union dock workers at Le Havre.

Early departures

The strikers are mobilizing to defend their right to retire early in retirement under the hardship.CGT ports and docks wants to validate an agreement on the recognition of the harshness found in late October with employers' organizations, which would allow retirement four to five years before the legal age for port workers 5-6000 with funding based on the branch but also from public funds.

For its part, the government calls for a resumption of negotiations "within the framework defined by the Act of November 2010 on pension reform, which would reduce to two years in advance of departures. Thus, fewer people would be affected.

For Jeremy Julian, Deputy Secretary General of the CGT dock in Le Havre, it is "incredible back on virtually everything that was granted." Serge COUTOUR warns: "The mobilization is still to go. We try to drown us in the case of pensions, while our case was completely offline for two years. "

ALSO READ:

»Transportation: Strike very well attended by CGT

"The state is trying to save the port reform

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.

ALSO READ:

"The Elysee does not reopen the record of 35 hours

"SELECT YOUR FIGARO – The imbroglio of removing 35 hours