Benetton where history repeated scandals. There are a few more months, in November 2011, the Italian firm made history again by launching it's ad campaign "UnHate", featuring heads of state kissing.

Alessandro Benetton, son and heir to his wife in 2006 in Venice.

The Brazilian soccer prodigy Neymar refusing to go play in Europe because of polar climate: the scene portrayed in a TV spot for a soda, ready to smile. Reference is however not trivial, the young striker of 20 years who recently refused the advances of the most prestigious clubs in Europe (Barcelona, ​​Madrid, Chelsea …) to extend his contract with the club FC Santos. With a monthly salary of 650,000 euros, the star player is the same salary level as many European stars. With an annual growth rate averaging 4.9% through 2015, according to PwC, Latin America has indeed a market for structured sport and motor globally.

Sign of the rise of emerging countries (the so-called Brics), Rio de Janeiro will host the 2014 Soccer World Cup and the Summer Olympics in 2016. A doubled as successful as the Russian city of Sochi (2014 Winter Olympics and football World Cup in 2018). "All countries do not organize these international shows for the same reasons, explains Matthieu Aubusson PwC. Many, like Qatar or China, do so for reasons of image, not in order to establish a sustainable economy of sport at national level. Besides, there are local markets in its infancy, with the gradual structuring is a major focus of development for the sports business world. "Like India, who bet on the cricket. And Brazil, which created a strong market for football within its borders, capable of retaining its stars and attract brands.

But this virtuous circle is still fragile. "Failure of broadcasting rights and the increased risk of" ambush marketing "(a combination undue brand to an event, Ed) can slow market growth in these areas, said Fabrice Lorvo, specialist sports marketing for FTPA. By directly touching the sponsors, they are fleeing the market. "No problem for major events such as the World Cup or the Olympics. But the regional championships or events will continue their efforts to retain players in the sector, "which invest in proportion to the broadcast media," says Fabrice Lorvo. African Cup of Nations (CAN), with 3 to 4 billion cumulative viewers and 35 million euros of revenues earned in 2012 by the organizing committee (COCAN), looks set to meet this challenge.

In France too, the sector is doing well

12.8%: the growth in the French sports business estimated by PwC who will publish these figures on Thursday morning at Sporsora foundation. "The yo-yo effect of this industry is very strong, warns Mathieu Aubusson, because even years are marked by the organization of major sporting events which boost sponsorship contracts, rights TVs and ticket sales . "Despite this distortion, the average annual growth sector in the Hexagon will reach 3.7% to $ 5.5 billion in 2015, reflecting the appetite of brands for sponsorship (5, 2%). Proceeds from ticket should then take over from 2016, while France will host the Euro 2016 football stadia refurbished.

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The protest of sanitation workers in Greater Lyon hardens. They decided on Saturday to extend their strike until Monday, which has lasted nearly a week. This decision was taken at a general meeting of the Inter-CGT-FO, CFDT, CFTC, UNSA-FAFPT this morning. Refuse collectors protest against "privatization" of garbage collection. Today, public ownership and private companies share the task in 58 municipalities of Greater Lyon. However, the urban community has redefined the geographical starting in October 2012. Therefore, the Lyon and Villeurbanne centers will be entrusted to the private sector. Conversely, the control will get the garbage collection in the towns of the west and south of Lyon and Villeurbanne the periphery.

For unions, this redistribution could lead to further privatization in the next round of bidding in 2017. "There is no question of moving towards a full privatization, but to have a balanced 50/50 public-private", reiterated Thierry Philip, Vice President of Grand Lyon in charge of cleanliness on Friday at the Following a meeting with unions. An encounter that turned into a dialogue of the deaf. "I do not see a crisis," lamented the representative of the urban community. The strike rate had risen to 40.7% from Friday's 400 garbage collectors.

Besides the fear of a "grazing" by the private sector, unions are now demanding "every Saturday off." They have actually hardened Wednesday their original claim of a weekend on two of rest. In response, Thierry Philip, Vice President of Grand Lyon in charge of cleanliness, ruled Thursday that requirement "impracticable", arguing that granting of rest every Saturday would force the city to "make use of temporary agency or the private market, which would cost 2 payday loan no faxing.5 million a year. " He recalled that the strikers had obtained, as of November 2, a weekend on two of rest.

"We do not want to politicize the debate"

While negotiations are deadlocked, the Greater Lyon has sued several union officials for obstructing labor law. The strikers are convened in chambers Monday at 18 pm at Lyon Administrative Court. Shocked, the Inter, who denies having blocked deposits, in a statement requires "respect the right to strike and stopping pressures" through "the use of private trucks and temporary" to ensure the tours of the strikers . It also threatens "to expand the movement beyond the collection", with the possible filing of a notice of strike action "for all agents and all services for the Greater Lyon respect the right to strike, the improving working conditions and the protection of our public service. "

They hope to go en masse to the Tribunal to support their colleagues Monday, strikers, however, assured that they would organize any event this Saturday on the sidelines of the visit of Nicolas Sarkozy in Lyon, a city whose streets are certain already littered with trash cans full. "We do not want to politicize the debate," said Mohamed Messai, vice-chairman of the CFTC Fnact. "The RG called me this morning, I'm reassured."

(With agencies)

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Emotion in the small world gourmet London. The butcher star Selfridges was fired this week. Jack O'Shea is accused of selling illegally for two years from foie gras to a handful of happy few. Since 2009, chefs and gourmets introduced him well passed their orders, under the code name of "French net." His store is hosted within the Selfridges food hall.

Gold chain, under pressure from animal welfare leagues, had banned the sale of this pride of French cuisine. The former James Bond actor Roger Moore, in 2009 had even financed a poster on Oxford Street, opposite Selfridges, to denounce the cruelty of force-feeding practices.

Jack O'Shea, representing the eighth generation of a line of butchers in the Irish province of Tipperary, was caught selling illegal, two days before Christmas fast cash. Journalists jokingly filmed it with his clients on contraband trade. The penalty eventually fell. The employment contract of gourmet butcher ended Thursday, Selfridges arguing breaches of hygiene rules, according to The Independent.

Award winning professional awards by Jack O'Shea is expected to rebound. He is regarded in Britain as a leading specialist meat and already owns a famous restaurant in Brussels.

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For the third consecutive month, foreign direct investment in China fell in January, dropping 0.3% over one year to 10 billion. "The situation in foreign investment is relatively poor," was concerned the spokesman for the Chinese Ministry of Commerce, Shen Danyang, during a press conference Thursday.

"The uncertainties surrounding the global economy continue to grow, the restructuring of global industry slows, and growth of foreign direct investment is low everywhere," he said adding that the slowdown Growth in China – to 8.4% in 2012, against 9.2% last year according to analysts – also had an impact on foreign investment in the country.

Other negative effects on investment: the multiplication of social conflicts in several factories in recent months and rising production costs, particularly related to higher wages. 

According to a study released Wednesday by the U.S. Chamber of Commerce in Shanghai, over 90% of the 300 companies surveyed said that "rising costs of labor and materials are a serious blow to business and challenge the competitive advantages of China ".

Construction of Shanghai Disneyland

The vast majority of foreign direct investment in China come from East Asia-Japan, South Korea, Taiwan, Hong Kong and ASEAN countries-, up 0 saving account payday loan.8% yoy, to $ 8.6 billion .

Investment from the U.S. rose 29% to $ 342 million – partly because "the arrival of capital for the construction of Shanghai Disneyland, whose work began last year," said Shen Danyang. 

Those from Europe for their part, fell sharply from 42.5% to $ 452 million, compared to January 2010, European companies, leaded by the debt crisis, have drastically reduced their spending.

According to Hervé Lievore, economist at AXA Investment Managers in Hong Kong, "the prudence of European companies is hardly surprising when financing conditions deteriorate in Europe." For Ting Lu, economist at Bank of America-Merrill Lynch in Hong Kong, this decline in investment should be temporary predicting "a massive return of investors attracted by the exceptional growth rates in China as soon as the global economy stabilizes" .

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The traditional weekly oil stocks should also be unveiled this afternoon.

On the foreign exchange market, the euro regained some strength, however, rising by 0 fast cash loans.83% in late morning at 1.3775 dollars. Shaken by the announcement of a referendum in Greece on the bailout, the euro fell to 1.3609 dollars Tuesday, its lowest level since Oct. 12.

New salvo of results

As for values, the banking sector that has suffered the consequences of yesterday's bounce in the euro zone, expected to focus attention.

Neither the European Commission's exhortations asking Bratislava to endorse the extension of funds or calls Jean-Claude Trichet speaking in a crisis "systems" need to "fight with great determination" n 'So it will not change. Nor the assurances of the German Chancellor, Angela Merkel, a trip to Vietnam, according to which euro area "political will to overcome the crisis."

Iveta Radicova, Slovak Prime Minister, had nevertheless put pressure, making the vote on the European relief fund about trust, it has finally add fuel to the fire. A party member of the governing coalition, the Freedom and Solidarity movement (12.1% of the vote), who refused from the beginning to support the EFSF, from the outset has responded by announcing that he would not participate simply not election. For weeks, he keeps saying that Slovakia is a country too poor to pay for the mistakes of others and pay 7.7 billion euros. Moreover, in all 124 deputies present, 55 elected representatives voted in favor, 9 against and 60 did not vote.

Early elections

Remains a second vote could take place quickly, as the Constitution allows it, it was said in Bratislava.The ruling coalition without a majority in Parliament, the government would not have other means to turn to the opposition. The Social Democratic Party understands the benefit to be derived from the situation: this very night, the Smer-SD announced its readiness to support the strengthening of EFSF, provided that early elections are held. "If the talks begin, I believe that voting can take place this week," said the spokesman of the party.

In short, just a few days of the summit of European governments scheduled for October 23, the rescue of the euro remains an issue that can not stop dividing.

It would almost forget that a new had to reassure the Greek Prime Minister George Papandreou.Troika (European Commission, European Central Bank and International Monetary Fund) has given the green light Tuesday to release "probably in early November," the new $ 8 billion promised to Greece as part of the loan to was granted last year.

The teams of the troika, which had suspended in early September, their on-site because the government was not fast enough in its reforms, believe that additional measures of rigor taken since mid-September "should be sufficient" to address the situation of the country and achieve the deficit to 14.9 billion next year.

Although they recognize that the revenues from privatization will be "significantly lower" to 5 billion euros that had been planned for this year.Similarly, they note the upward revision of the public deficit to 8.5% of GDP (gross domestic product) instead of 7.4% for 2011. But they keep their hopes for sales of state enterprises still bring 35 billion to Athens late 2014.

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This good report is no longer appropriate. The IMF recognizes that since the "Great Recession" of 2008-2009, more than 200 million people are unemployed worldwide. A record.And three-quarters of the 30 million unemployed appeared in the "advanced" countries. However, the phenomenon looks durable.

The World Economic Outlook, which forecasts 2011-2012 were published last week, a special chapter devoted to "labor markets in advanced economies" and their structural changes. That is to take stock of two decades of globalization flawless. "Technological change and trade are as old as civilization," warns the Fund. But this time it's different. Strange coincidence, the revolution in information technology broke out when China, India and the countries of the former Soviet empire have joined the global market, which they were previously excluded.Overnight, shortly after 1990, the global employment has almost doubled to $ 3 billion.

The new communication technologies, including container transport, helped to internationalize production lines. One of the most eloquent symbol is provided by Apple's products are designed in California and assembled in China by Foxconn. Apple includes only about fifty thousand employees, researchers and managers, while the second largest global market capitalization, after Exxon. Less glamorous, Foxconn is working a million people.

25% of the United States would be "relocated"

These are the United States as a whole that work on this model, specializing in highly paid office jobs and relocating industrial production. The international division of labor has been entirely satisfactory in the first place."Until a decade ago, the effects of globalization on the distribution of wealth and jobs were safe," according to Professor Michael Spence, the IMF quotes extensively from the work instant credit report. The Nobel Prize in Economics notes that from 1990 to 2008, the U.S. managed to create 27 million jobs, keeping unemployment low. But 98% of these positions were offered by the sector working exclusively for the U.S. domestic market, including 10 million from government agencies and health. In contrast, industries whose products are exportable, "tradable", as the term of Michael Spence, did not increase their employment, except in highly skilled occupations. The biggest loser is the middle class, who was employed by the industry.According to Professor Alan Blinder, former number two of the Fed, 25% of all jobs in the United States would be "relocated".

This reconfiguration of the labor market was not prejudicial as the United States grew at a rate of 2.5% per annum. It became unbearable to the crisis, while the construction, public agencies and service companies hire less and less, even at low wages. The IMF notes that all the old industrialized countries are housed in the same boat. For his part, Michael Spence said the exception of Germany, "which has clearly failed to protect his employment in export industries when they were threatened." He noted also that the de-industrialization resulting in collective impoverishment.According to his calculations, the value added per employee increased from 72,000 to 80,000 dollars between 1990 and 2008 across the Atlantic in non-exporters, while it jumped from 79,000 to 120,000 dollars in industries working for the world market.

Globalization is certainly not a zero sum game in which emerging economies prosper at the expense of old nations. But within each country, certain social groups benefit while others suffer. IMF sees not only a factor of inequality, but also a drag on overall growth: by venting industries, which have much higher potential productivity service activities, the United States and Europe condemned to decline. Not wishing to embark on a highly political terrain, the IMF experts take shelter behind the recommendations of Professor Spence.They are twofold: win back lost industrial jobs by the middle class while practicing a specific social redistribution in favor of the victims of globalization clearly identified.

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The board of directors of the group was convened in plenary session Friday in Singapore. Initially, Oswald Grübel had yet to defend him. According to press Helvetic, he had to enjoy a visit to the Singapore sovereign fund GIC, which holds 6.41% of UBS, to ask the Board of Directors of the bank vote of confidence.He wanted to get his approval to remain in power until early 2013 and to complete the restructuring of the banking and wealth management at UBS.

The extent of the fraud trader in London, Kweku Adoboli, has had because of this determination. "The Board regrets the decision of Oswald Grübel. The latter considers it his duty to take responsibility for the recent case involving unauthorized trading operations. " This case was discovered on September 15, caused a stir in the world of finance. Rating agencies Standard & Poor's and Moody's immediately placed under review with negative implications the debt rating long-term 'A +' the Swiss bank.

Reputation under pressure

First estimated at $ 2 billion, losses due to fraudulent transactions conducted by Kweku Adoboli were revised upwards three days later business card.They eventually reach $ 2.3 billion (1.66 billion euros). An internal investigation was opened. UBS tracking the failures of its system of risk control. The gendarmes of financial markets in Switzerland and the UK have also launched independent investigations into the circumstances of the losses suffered by the bank. "The board is deeply disappointed by the loss from unauthorized transactions and fully support the independent investigation. Furthermore, it will ensure that support measures are in place to prevent such cases could occur again in the future, "promises UBS.

It must be said that the bank is under pressure, as he tried in recent years to restore its reputation tarnished by the crisis "subprime" in 2008.The Federal Housing Finance Agency, the U.S. federal agency to oversee the mortgage market, accuses him of having sold $ 4.5 billion of toxic assets to mortgage refinancing agencies Fannie Mae and Freddie Mac, and is seeking to return $ 900 million. The Swiss bank is also under investigation in France on suspicion of using tax evasion. Anxious to maintain the confidence of its customers, it manages the fortunes, the bank sent them a letter last Saturday. "Your assets are safe with us," she assured.

For its part, Kweku Adoboli, the trader, 31, was detained, following his appearance before a London court Thursday. The boy will remain jailed at least until his next hearing on October 20, announced the judge.

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