World and National News

The 2012 presidential election will be decided in part on the field of taxation. In an interview in Le Monde, the Paris mayor proposes, as an individual and "beyond tax reform" in the program of the Socialist Party, to do more to contribute to debt reduction the richest of France. Bertrand Delanoe, who also claims to support the candidacy of Martine Aubry, decides to create a tax "exceptional and limited in time" on high incomes.

"The truth is that we need new resources to reduce debt of France and restore the public, he says in the daily newspaper. [...] So yes, I support what you ask most favored an effort "extra.In a context where the countries situated on the outskirts of the euro area are struggling to convince markets of the sustainability of their debt, the mayor of Paris has combined the fight against the deficit to a real "war": "And when you are war, they say the truth, "he said.

Fusion of the income tax and the CSG

Asked about the unpopularity of this measure, the elected official responded that "citizens may be more courageous leaders" and recalled that in 2008, when he announced to the Parisian tax increases before the election, "They put their trust in me well no fax cash loans." The government in turn made a recent tax reform, repealing the tax shield and at the same time reducing the wealth tax.

If the program of the Socialist Party is not considering special tax aimed at the richest, yet it provides to increase the progressivity of the income tax, now he considers unfair. His plan for 2012 provides for merging the income tax and the CSG, with the aim to simplify taxes and make it more redistributive. An idea which is also his way to the right, particularly in Jean-Francois Cope and Henry Gaino. The pen of the Elysée found Saturday morning in Libération that the proposal "is worth pondering. A condition to be very attentive to the issue of escalation, "he said.

Yellow Pages will not achieve its objectives this year. The group of directories and local intelligence warned in a statement that its result for 2011 would be affected by "social movements in the strength of the PagesJaunes in France" that "have greatly disrupted the business of June. " Their impact is estimated at "about 20 million euros on its annual turnover."

Following this announcement, the title PagesJaunes fell by almost 10% to 5.523 eurosdans early trade while the CAC 40 index opened down 0.14%.

Natixis the broker remains confident despite this warning: "This does, we believe, not question the underlying improvement in activity and the mix of PagesJaunes," said he.He reiterated his opinion 'Buy' with a price target lowered from 9 euros to 7.6 euros.

Orders below expectations

While the group was counting on a few months ago a stable turnover and gross operating margin (GOM) compared to 2010, supported by a growth in orders. PagesJaunes But now announces that "the orders booked by the group in the second quarter of 2011 were not up to expectations." He warned then that "it will not be able to maintain its objectives of stability in sales and gross operating margin for its entire fiscal 2011."

Social movements are related to a "business reorganization plan," said PagesJaunes, which is "the specialization of some of the sales force in certain sectors and an ongoing relationship throughout the year with advertising customers across multiple channels. "

But "if social conflict is, without doubt, the recovery in activity, it is indeed confirmed for nine months," analysts at Natixis relativize. The controls have in fact increased by 1.4% in the fourth quarter 2010 and 3.1% in the first quarter 2011 improved early in the second. "Like the mobile (100,000 customers at end-March), we remain confident about the monetization of investments made by the management for three years," adds the broker.

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The blows rained down from all sides on Google. Friday, the U.S. competition has announced the opening of an investigation into the Internet group. Today was the turn of French society 1PlusV attack. Editor of topics such as search engines ejustice.fr, Google it assigns to the court of commerce of Paris to seek redress for damages caused by anticompetitive practices of the American giant. 1PlusV assesses his damages at 290 million euros, corresponding to the lost revenue (74 million) and potential revenue lost since the establishment of its business in 2007. The company also claims the publication of the disputed practices on the home page of the famous search engine.

"Unfair Competition"

This assignment in Paris in addition to two cases brought against Google by 1PlusV in Brussels.The first complaint, filed in February 2010, led the European Commission to investigate Google in November 2010. A few months later, in February 2011, filed a complaint 1PlusV further to extend the complaint to all of its search engines. It accuses two things at Google. First, the search engine "rigged" results in both favoring its own thematic search engines (called "vertical"), as in the book, video, maps, and feeding its index data Public collected without the consent of the site publishers business

Unsurprisingly, Georges Tron, accused of sexual assault by two former employees, resigned Sunday as Secretary of State for Public Service, announced earlier this afternoon in a statement the Prime Minister François Fillon who said "take note" of this decision. According to the Elysee is Baroin, minister of Budget and Appropriate Minister Georges Tron, who resumes his duties.

This departure is not a surprise. In the morning, Le Journal du Dimanche had reported that the resignation of Secretary of State would intervene in the day. According to the weekly, the decision was taken Saturday.It is François Fillon person who would be responsible for prescribing the manner of his departure.

He defends himself in his letter of resignation

"As a private citizen, I will make a personal matter to recognize my innocence while fighting the charges of vindictive two former employees, one was fired for embezzling public funds entrusted to him and the other resigned because of conduct unbecoming, "said Georges Tron in his resignation letter that was provided Lexpress.fr.

"Anyway, the press campaign that they have caused – before any intervention of the judiciary – has received such coverage in the media, that our citizens can consider myself as guilty before my rights have been begin to be implemented: think, Mr. President of the Republic, I have not even informed me that the complaint is, the procedure does not provide (presumably because it does not the public trial that I did), "said the now former Secretary of State for Public Service.

Alain Juppe pushes him towards the exit

In the columns of Le Parisien on Saturday, Georges Tron still seemed to want to believe. "I do not want to be annoying," he noted, while ensuring they do not feel "under siege". "I am extraordinarily serene," he explained in everyday life payday advance.Saturday afternoon, his lawyer indicated he would resign if the Head of State or Prime Minister asking him.

But on Sunday, the deal seemed to have changed. Alain Juppe including implicitly invited the secretary of state to resign, saying the government members must be "above reproach". "For now, he is presumed innocent," said Minister of Foreign Affairs on Canal +. "The rest is a matter of personal ethics. I have no lessons to give, but there are moments where he must learn to take responsibility themselves, "he said.

Secretary of State for Public Service is currently the target of complaints from two former employees of Municipal Common Draveil (Essonne), where he is mayor. The prosecution of Evry has given the police a preliminary investigation for sexual assault and rape.The two women have long been heard Thursday by the investigators, who have provided a list of witnesses, mostly city employees, may corroborate their versions.

A third complainant?

Sunday, JDD reveals that a third alleged victim would have emerged and should be heard in the week by investigators. He is a commissioner Draveil moved "on demand" by Georges Tron earlier this year. If we do not know yet the details of this story, a union officer told the weekly that the Secretary of State "was hard on her (the woman) for months. (…) I do not know exactly what happened between them, but I know she has lived all this very badly, "he said.

The lawyer Georges Tron, Mr. Olivier Schnerb, denounced Sunday the "media manipulation which has been subjected.""It is presented in the media as a culprit condemned already" while his two accusers' delight to show on television, "he said. "The defense of Georges Tron has not yet begun.

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Standard & Poor's (S & P) lowered its outlook this morning on the note of the long-term debt of Japan became "negative", fearing the consequences of the earthquake and tsunami that occurred on March 11 for the Japanese economy. Note in Tokyo is currently set at "AA-", the fourth best possible out of a total of 22, which corresponds to a transmitter of high quality but could be reduced soon. The rating agency expects indeed a worsening of the deficit, caused by the cost of the natural disaster that the country will have to bear. S & P, the reconstruction would cost "between 167 and 417 billion euros, with an average forecast of 250 billion euros".

The rating agency believes that only substantial measures such as tax increases, to increase state revenues will be in Tokyo this financial burden.Otherwise it will be assumed by local and central government, the deficit could grow to "two points of gross domestic product (GDP) this year and a point next year." S & P expects a deficit above 8% until 2014 and not 2013, as previously calculated.

Retail sales have also fallen by 8.5% last month, following the earthquake guaranteed payday loans. It is the largest decline in thirteen years. Consumers have clearly deserted shops for anything other than food staples.

The BoJ is 0.8% growth in 2011/2012

These signs of the deterioration of the Japanese economy are published while the Bank of Japan is preparing to revise downwards its growth prospects.The Monetary Policy Committee of the Bank of Japan (BoJ), which will meet on Thursday, is expected to announce a new perspective of growth of 0.8% for the fiscal year of April 2011 to March 2012 against 1.6% expected before. The nine members of the BoJ might also consider Thursday that the recovery will intensify in the next budget year (April 2012-March 2013).

The Bank of Japan should also detail the measures to support the economy after the earthquake of March 11, according to economists. The BoJ should also emphasize the great uncertainty in Japan.It is particularly difficult to measure the business impact of restrictions on products of Japanese origin because of radioactive leaks from the central hilly Fukushima.

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From our correspondents in Nanking (China)

Finance ministers and central bank governors of the G20 want to expand the powers of the International Monetary Fund (IMF) and bring the yuan in special drawing rights.

All participants in the seminar of the G20, which ended Thursday in Nanjing, agree: 2011 may be another year of instability. The establishment of a new monetary order is needed to better withstand the crisis than before. "We are now all convinced of the need to reform the international monetary system", launched satisfied, the Minister of Economy Christine Lagarde, before leaving the old capital of China.

If the recovery makes cooperation less urgent in the G20, the collapse of Greece, Ireland and Portugal recalls the extreme fragility of the global economy.The recent G7 intervention to rescue the yen proves the effectiveness of concerted action. "This system of flexible exchange can not evolve without rules, without coordination, without supervision, otherwise the instability," warned Nicolas Sarkozy at the opening of the seminar.

"Does it make sense today, given the growing impact of capital flows, the IMF can make recommendations to a country on its current account, not on its capital account? I do not think so, "said the head of state.

Amend the articles

Thus, when Benin needs money, the International Monetary Fund aid in exchange for strict control of its finances, while a country accumulates foreign exchange reserves in defiance of international cooperation has no accountability overnight pay day loans. "An expansion of IMF surveillance seems mandatory.Ultimately, France is in favor of amending the statutes of the Fund to expand its surveillance capabilities, "said Nicolas Sarkozy. This proposal does not please China, which sees a possible interference in monetary policy.

A policy on which it is jealously. In Nanking, Timothy Geithner, U.S. Treasury Secretary, said that in the face of world currencies flexible "emerging markets have exchange rate regimes closely managed, with extensive capital controls. This asymmetry creates a lot of tension. "Prime target, the yuan, accused of being undervalued by the Americans, very vindictive about it.

France, she thinks he can calm the scenePresident Hu Jintao would be prepared to discuss the entry of the yuan in the basket of special drawing rights (SDRs) and closer to the Chinese currency's dollar, euro, yen and pound, all of which are included . "This is a matter of time," he reportedly said head to head to the President of the French Republic. It is also a way of reflecting the economic weight of China now second largest economy on the monetary side. But the integration of the yuan in the SDR basket guess it is really convertible. One question that China refuses to discuss the time officially.

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Difficult to imagine sitting in the green Monday in the Paris Bourse. Already upset Friday by the earthquake and tsunami that hit on Japan, the Cac 40 would be difficult to bounce back when the alarming news unfold. The Japanese government thus evokes a loss that would have a "considerable" on the national economy, adding that huge funds needed to finance the reconstruction of the areas tested.

Serious malfunctions at nuclear power plants in the region ravaged quicken concerns about the consequences of this disaster on all Japanese companies and the entire region. The Bank of Japan (BoJ) tries to calm markets by injecting funds into the financial system records. At midday on Monday, already 15,000 billion yen (131.6 billion euros) have been released.But this news has not been enough to reassure the markets of the region, primarily the Tokyo Stock Exchange, which has unscrewed from 6.18% at closing for its first full day of trading since the disaster.

Concerns from Asia should also largely occupy the mind for that day. Indeed, no major indicator except industrial production in the euro area in January, is expected Monday. It will wait until Tuesday for a news might make a difference in publishing in the U.S. index of house prices and the Fed decision on rates.

Oil and euro down

In this tense environment, oil appears down in electronic trading in Asia, the market worried about a drop in demand in the short term hit in Japan.In morning trading, a barrel of light sweet crude for April delivery fell by 1.28 dollars to 99.88 dollars. That of Brent North Sea crude for April delivery yielded 1.39 to 112.45 dolalrs dolalrs.

On the currency market, currency dramatically raised the yen against the other currencies. The intervention of the BoJ has helped slow the sharp rise of the yen against the dollar. Around 10:30 am Tokyo time on Monday, the dollar went back to 82.20 yen after falling to 80.60 yen on Sunday, its lowest level in four months. For its part, the euro fell to 112.47 yen.Against the dollar, the European currency remains stable this morning at 1.3939 dollar.

Values ​​to follow

France Telecom

Orange and the Kuwaiti Agility will acquire a 44% stake in mobile operator Korek Telecom Iraq, announced Monday morning the French incumbent in a statement.

Bolloré

The group on Friday signed a contract worth 500 million euros with Guinea for management of container port of Conakry, the capital of the West African country, state television reported.

Sopra Group

The group announced its intention to hire 2,500 people in 2011 in Europe, 1600 in IDUs in France in the consulting, systems integration and software development.

Altran

The French group technology consulting has reported a net income Group share loss of 26 million.The group said to be in talks to divest all of its activities in Brazil. He anticipates continued growth at a high level in France in 2011 and continued improvement of its operating margin in 2011.

Renault

The manufacturer faces a new twist in the case of alleged espionage. Dominique Gevrey, one of three security officials of the group, was remanded in custody to view this weekend. He is indicted for "organized fraud" and jailed in January following the dismissal last three frames of the group.

The effect scrapping is not yet complete. Two months after the end of this device recovery, there is still time to take advantage of offers of times on your old vehicle. Under various names, automakers compete because of efforts in these months to support sales.

Last year, the facilities for recovery, scrapping and environmental bonus first, helped the automotive market to weather. The months of January and February 2011 have also benefited from the vehicle orders placed before December 31, 2010. However, with the disappearance of the scrapping, the professionals expect a sharp decline in sales in 2011 of around 10%.

Offers the entire range

To limit this fall, automakers offer to takeover bids now entirely dependent on them and running until late February to late March depending on the brand. While Peugeot promotes "the great recovery," Volkswagen proposes scrapping "Think Blue" and Renault "bonuses rejuvenation." A second chance for latecomers.

Premiums for recovery, which concern the whole range of manufacturers, with logically increase the price of the car. Citroën thus offers a dozen versions that cover its entire range. For example, the best-selling car manufacturer, the C3 Airplay HDi FAP 90, is sold with 2600 euro bonus of 400 euros and 500 euros bonus ecological advantage of equipment. The remaining EUR 500 is paid in addition to the purchase of an old vehicle at a price of Argus.With this "customer advantage" total of 4000 euros, the vehicle returns to 15,150 euros.

Renault also offers bonuses of 4000 and 6000 euros for all versions of the New Latitude Renault and the Renault Espace with resumption of the old vehicle at a price of Argus. On smaller vehicles, offers related to specific versions: for example, a bonus of 2,500 euros is proposed for the dCi 100 Initiale version of the Twingo eco ² to 15,700 euros. In addition to the resumption Argus, the car is therefore up to 13,200 euros. As for Clio, the premium amounts to EUR 3000 for version XV of France 5 doors dCi 90 eco ² which amounts to 16,150 euros as well.

Restarting Family

The manufacturers hope to restart models especially medium and high-end, including family cars."The scrapping has boosted the small cars, says CEO of Kia Motors France, Frederic Verbitzky. Their sales will probably decline, and now we'll probably see a reboot of the average range. " The Korean brand has largely benefited from the scrapping of its small size Picanto. "We will return to aid conventional aids to recovery," states Frederick Verbitzky who wishes to focus all of its customers.

Same story at Peugeot. The brand focuses on "customers set aside by the scrapping," said a spokesman for the group, "that is to say those with a car between 3 and 7 years and were not affected by the scrapping of government. They are repositioning themselves instead on the family car segment or above.The 308 Navteq, to 24,510 euros and is available with resumption of your old vehicle at the price of the Argus and a bonus of 4000 euros. The MPV 5008 to 30,660 euros for its part has a recovery Argus + 4500 euros.

Cars more expensive but better equipped

Finally, manufacturers are relying increasingly on equipping cars. The price war has become more difficult, brands want to stand by the quality and originality of their models. Citroen says so "to focus on the product" this year. The brand is demonstrated by the success of the DS3 launched in March 2010, a car that stands out for its unique features in design and architecture.However, no takeover bid on the DS3 but on other well-equipped models: for example, the manufacturer offers a customer saving of € 4500 on the C3 Picasso limited edition Rossignol Dressing original and has a sunroof and even roof racks for securing a pair of Rossignol ski offered with the car.

Similarly, Toyota continues its recovery for premium vehicles 8 to 10 years on the models "over-equipped" as its Aygo Connect through 7990 euros (1000 euros rebate, 1660 euro bonus Toyota and environmental bonus of 400 euros). Fiat is moving towards the same choice: "This year we are making a significant change in our strategy," said a representative of the manufacturer. We are not trying to propose the cheapest car possible, but the price / equipment the more attractive. "Emblematic of this trend, the Fiat Punto, whose price was 7990 euros in 2010, now costs 2000 euros more. But, says the manufacturer, the Punto MyLife offers better equipment, starting with air conditioning, which was not present in the basic version of last year.

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At the critical moment of crossover holiday in February, about 40,000 travelers may be affected in the day. In case an act of vandalism on a line in the Alps, the SNCF said. "A malicious act has been committed so far (…) near Albertville. Cables were severed with a saw, seriously disrupting traffic in the Tarentaise valley, "SNCF said in a statement. "Delays of three to five hours are predictable, which will affect the 40,000 passengers traveling today and disturbances are expected in the Lyon region," warned the station.

"Being a weekend announced long as particularly responsible, SNCF deplores and strongly condemns this new act of malice. An investigation is underway, "she says."Three cables, signal and power were cut" in the morning on-line Chambery Bourg-Saint-Maurice, extremely busy this time of return and departure on vacation, said a spokeswoman for the Regional SNCF. In early afternoon, repairs were still ongoing. The return to normalcy is not expected until the evening.

A period of very heavy traffic

"Until 13:30, twenty trains were affected. The problem is that we are in times of high traffic, "she said paperless payday loans. Delays of between three and five hours are expected. The incident occurred in full crossover vacationers and skiers of different areas of school holidays.

"My TER was to leave at 11 am from Bourg-Saint-Maurice left with thirty minutes late.The train was then locked one hour, "says an AFP journalist stuck in a train to Lyon, with no information on the time that his train will arrive. "The TER is full. All vacationers who are descended from Tignes and other stations are mounted in Bourg-Saint-Maurice. There are plenty of people who will miss their connecting flight to Paris or Toulon …», he concludes philosophically.

SNCF evokes an act of vandalism, not theft. Society is increasingly faced with flight cables, particularly copper, which have doubled with the soaring prices, causing delays for trains.In September 2010, SNCF counted forty flights per week cable and assessed his damages at several million euros.

More information about delays here.

(With AFP)

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"Do not take the patterns for bullies who prefer to work with dictators." In an interview with Journal du Dimanche, the CEO of Total, Christophe de Margerie, defended the presence of the oil in some countries where diets are hard in place. "In many countries where we are, we try to make things happen in our own way without interference …" He welcomes, however, the departure of President Ben Ali of Tunisia. "If a regime change brings more freedom and it allows us to continue working, great!"

For now, tensions that have passed through Tunisia and Egypt, where the group is present, "had little economic consequences" for Total, Christophe de Margerie ensures that admits nevertheless remain "attentive". And this, especially since these "changes" may have "given all the opposition desires the world to be heard and to get going."The boss of Total cites the example in Yemen, a country which has always been regarded by experts as "sensitive." "But this does not prevent us from having invested 5 billion euros," said Christophe de Margerie. "We operate in 130 countries. We must prepare ourselves to face all risks, even the worst. "

Boosted by oil prices

Meanwhile, Total has regained its first place ranking of the largest profits made by the CAC 40 companies, having reached in 2010 a net profit of 10.3 billion euros, up 32% year on year. In 2009 he was ousted by Sanofi-Aventis, having suffered the impact of lower oil prices. This bad memory is now far away pay day advance. Between 2009 and 2010 the average price increase per barrel of Brent rose 29% to 79.5 dollars, thus boosting the annual results of Total in 2010.

Christophe de Margerie, "recent geopolitical events in the Middle East have not really had any impact on prices. They were used by the markets to justify the increase. " The fact is that oil prices will remain high for some time, in a context of "lack of production" and a "growing demand from countries in expanding markets like China." Considering the results from Total are "good", the boss of the group avoid complacency. "Compared to our competitors, they are not extraordinary."

Hopes of Total in France

On the French market, these results are even "bad". "Having suffered a heavy loss in 2009, activities in France have still lost money last year," said Christophe de Margerie. He recalls in particular that "strikes last fall has cost 130 million euros in total.The group was not discouraged, however. It will invest 1.6 billion euros in France in 2011, representing 10% of its total investments. "This money will help upgrade the sites and refineries," said the CEO. "Obviously, we want to start making money in France!"

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