This time, the Fininvest will have to pay. The court sentenced him on Saturday appealed the group owned by Silvio Berlusconi to pay 560 million euros in the CIR group, owned by Carlo de Benedetti. The judges of the Court of Appeal of Milan have found that control of the publisher Mondadori, obtained in 1991 by Fininvest, to the detriment of the EIF through a favorable court decision, was made possible by the corruption of judge and lawyers involved. In 2007, the Criminal Justice had issued a similar notice, including the judge sentenced Vottorio Metta was stationed in nearly three years in prison.
On appeal, the Milan judges, however, have reduced the scale of the financial penalty, determined in the first instance to 750 million euros.Unlike 2007, the decision will also be immediately enforceable: Fininvest will address 560 million euros in damages without waiting for the trial to the Supreme Court that the group should seek. "Our lawyers are already beginning to study the complaint," has indeed responded Marina Berlusconi, the eldest daughter of the Head of Government and president of Fininvest. This assesses the amount of the penalty "to double the participation of Fininvest in Mondadori guaranteed fast personal loans."
Electoral setback and legal troubles
The Cavaliere had nevertheless worked hard to save the payment of such penalty to the group. Approaching the verdict, he did not hesitate to try to vote by Parliament an amendment to the Civil Code suspending sanctions in excess of 20 million euros on appeal, until the final decision of the court of Cassation.A measure to be adopted in the Bill ratifying the austerity plan. Faced with the outcry in the opinion of this measure, the Cavaliere has this week backed down.
This decision is more bad news for the chairman, who combines political defeats in recent months and legal troubles. Also implicated in the "Rubygate" Silvio Berlusconi suffered a severe mid-June electoral setback. The Italians have indeed overwhelmingly (over 94%) rejected four bills proposed by his government and put to a referendum: one devoted to the construction of new nuclear power stations, one on the privatization of water management by municipalities, and two providing legal immunity of ministers and the chairman of the board. Silvio Berlusconi, who announced Friday he would not stand in 2013, probably did not finish with the law.
Some are outraged, others consider the decision expected and logical, while several players see it as a failure of government bias in favor of the atom. The non-renewal of Anne Lauvergeon as Chairman of the Management Board of Areva has raised many reactions from all sides on Friday morning. Ousted the group public on Thursday, the former boss of the nuclear group, which will be received by Nicolas Sarkozy on Monday, played the card of appeasement. Hope that the handover "takes place in the best conditions," "Atomic Anne," as it's known in Areva, has called on all employees of the group "to continue their work."
Nothing to calm the PS, which is firing on all cylinders against the decision short term personal loans. Like Jean-Marie Le Guen, socialist deputy of Paris, for which the layoff is proof again that Nicolas Sarkozy "in a month to think any permit."This close to Dominique Strauss-Kahn believes that the president hopes to avoid "people who have a failure to defend a design independent of the management of a state enterprise." Same arguments for Ségolène Royal. The microphone of France Bleu Hérault, president of Poitou-Charentes hopes that this "dismissal" of an "exceptional woman" was not due to his "independent spirit".
The player is used by default in the articles of figaro.fr. maj5
The report is severe. A little more than three years after the law on public service employment, followed by the opening to the public in January 2009 employment center of the merger Assedic and ANPE, the Economic, Social and Environmental (EESC) provides an uncompromising assessment of the first two years of employment center.
The Assembly shall consider in particular still "very inadequate" coaching job seekers. "This reform has not yet produced the expected results," says the draft opinion to be discussed Tuesday and Wednesday by all members of the EESC."The mission of support for job seekers remains woefully inadequate and service companies could still be improved," says the document notes that the "small part" of jobs collected from businesses (around 17%).
But especially the draft opinion pins a system that "appears less effective" in Germany and the UK particularly in terms of re-employment of the unemployed. A number of commitments are not kept or displayed "inappropriate" as the period of four months between the registration of an applicant for employment center and the first follow-up interview monthly custom, the document said.
Unfinished
The authors acknowledge the context of "unfavorable" in which the work is reached "substantial" merger of ANPE and operational network of unemployment insurance, with the sharp deterioration in employment and a sharp rise in applicants .But they believe that the restructuring was "unprepared" and remains "incomplete." They also note that no impact has occurred prior to the reform, "designed as a potential source of savings" of management and, consequently, additional means for tracking job seekers. In fact, "the reorganization of networks" has even been "generating additional costs, including increased costs of operating real estate until 2015.
Limit the number of file per advisor
Among its 22 recommendations to "strengthen the public employment service", the notice calls for "significantly limit the size of the portfolio advisers of employment center" to further customize the service to applicants, to accentuate training provision and improve service for compensation.
For this, we must "increase the means of employment center," while "the disengagement of the state is undermining (its) fiscal autonomy" and "restoring governance, with more weight to the social partners. Users are not the only ones taken into account: the EESC also considers the difficulties caused by the reform for the personal employment center, including recommending to watch over the "psychosocial risk agents" and to reflect on the evolution of business.
(With AFP)
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Asian stock markets continue their slow progress on Wednesday. After the strong rebound of U.S. indexes on Tuesday, the Nikkei 225 of the Tokyo Stock Exchange is 0.55% to 9873.22 points. The yen remained stable vis-à-vis the dollar at 80.86 yen to the dollar.
While the group must report its results after the close of the Tokyo Stock Exchange, Toyota climbed 1.23% to 3290 yen. Other automakers also posted strong gains, supported by expansion of the yen.Nissan rose 2.34% to 787 yen, Honda is 2.44% to 3140 yen.
For its part, Tokyo Electric Power rises from 3.71% to 502 yen, while the operator of the plant in Fukushima could announce a net loss of nearly $ 9 billion for the fiscal year increased due to the nuclear accident of March 11, according to Japanese press.
China slowdown in industrial production
In China, financial markets are doing well even if caution remains the watchword. After a day without trading yesterday due to public holiday in Hong Kong, the Hang Seng in Hong Kong gained 0.30% to 23,405.20 points. The CSI 300 Shanghai ahead of him 0.23% to 3160.39 points.Investors are somewhat reassured by the slight decline in inflation to 5.3% in April (against 5.4% in March), but the growth of industrial production slowed to 13.4% in April on one year (against 14.4% in March).
Note that a subsidiary of China Southern Airlines, Xiamen Airlines has ordered six Boeing 787 for a $ 1.1 billion (764 million). The title jumped on the stock market by 2.81% to 8780 yuan.
Other Asian markets in the green, except Bombay
On other financial markets in the area, only the Bombay Stock Exchange is moving in the red, the BSE Sensex lost 30 points 0.16% to 18,482.30.
For the rest, the indices are rising.The Taiwan TAIEX gained 0.12% to 9034.40 points, the KRX 100 of Seoul – Seoul Stock Exchange was closed Tuesday for a public holiday – is 0.81% at 4599.54 points, the S & P / ASX 200 climbs from 1.02% to 4774.20 points and the FTSE Singapore Straits Times rose 0.41% to 3169.15 points.
The risk of flooding in the U.S. puts oil pressure
Oil prices were higher Wednesday in Asian electronic trading in the face of fears of flooding in the U.S. threats to refineries along the Mississippi, according to analysts. In morning trading, a barrel of light sweet crude for June delivery took 14 cents to 104.02 dollars. That of Brent North Sea also June delivery gained 23 cents to 117.86 dollars.
After more than a month of investigation, the Attorney General at the Court of Cassation, Jean-Louis Nadal, decided to respond to a request by nine Socialist MEPs to investigate the role of the Minister of Economy Christine Lagarde, in settling the case between Bernard Tapie, Credit Lyonnais. The minister is suspected of abuse of "abuse of authority" in the arbitration of this issue, covering the resale of the sporting goods company Adidas in 1993 in which the businessman was swindled by the said bank.
Jean-Louis Nadal seized Tuesday petitions committee of the Court of Justice of the Republic (CJR), judging the ministers in office. Within a month, it should determine whether the complaint is admissible.If this were the case, the Attorney General immediately seize the commission investigating the RGC, which would conduct its investigation, before a possible referral to the RGC.
On 1 April, nine Socialist deputies were sent a letter to Jean-Louis Nadal, asking the RGC to shed light on the choice of using Christine Lagarde to arbitration in settling the case rather than s 'submit to traditional justice in this case the Court of Appeal of Paris. The three umpires appointed in 2007 had ruled in favor of the businessman, condemning the consortium of construction (CDR), the company responsible for managing the liabilities of the Credit Lyonnais to pay 285 million euros to the group Bernard Tapie.Arbitrage costly, heavily criticized by the Court of Auditors.
Bernard Tapie confident
To complete his education, Jean-Louis Nadal gave the Ministry of Economy, the Court of Auditors and the Finance Committee of the National Assembly until April 20 to submit additional elements justifying the award rendered by the arbitral tribunal. "All of these parts has allowed the Attorney General pointed out many reasons to suspect the regularity or legality of settlement by arbitration dispute that may characterize the crime of abuse of authority," said Prosecutor General's Office on Tuesday, paving the way to investigate the role of Christine Lagarde.
The crime of abuse of authority is punishable by five years in prison and 75,000 euros fine. It is the fact that a person holding public authority to make decisions that impede the application of the law.In detail, the prosecutor calls into question the conditions under which the arbitration agreement and the money has been approved – including a check for 45 million euros in the single title of "moral damage" -. Jean-Louis Nadal also accuses Christine Lagarde having waived on behalf of his department, an appeal against the adjudication proceedings.
The entourage of the Minister relativized. "This is a normal procedure, it says. It will allow Christine Lagarde to produce any new information in its possession and to demonstrate the lack of merit of this case. " Bernard Tapie, for its part, wants to believe that any investigation would have no consequences for him. "All these gestures have no power to reverse the decision, a law arbitration as a last resort. Let's stop these fantasies! "He said.But if an investigation led to the demonstration of a crime, the check of Bernard Tapie could be questioned. MP Charles de Courson took this week the Council of State to annul the arbitration and two senior officials are threatened with prosecution before a Court of fiscal discipline.
(With agencies)
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INSEE released Thursday its latest forecast of workforce by 2060. Under the central scenario retained by management of the Ministry of Economy, the labor force could increase by nearly 1.7 million in 2025 to reach 30 million French people, an average annual growth of 110,000. She then stabilize at that level until 2035 before rising again, but at a slower pace than before (45,000 + per year), exceeding 31 million in 2060.
Launched in 1984, Avanquest Software, which currently generates a turnover of nearly 90 million euros and employs 570 employees worldwide, is present in the United States, Asia and Europe. From the outset, the choice of an international position has emerged at Bruno Vanryb. With a particular appetite for the U.S., according to him indispensable in the business software and high-tech, since it across the Atlantic that produce the bulk of innovations. "I always thought that a French company that does not succeed in America is not intended to succeed internationally. From the beginning, so I wanted to bet on the American dream.It gives me great adventure: have 50% of its sales in the U.S., selling software to the Americans is quite special, a bit like selling ice to Eskimos "Mollé Morgan says there.
Last year, the company has focused on France by acquiring Micro Application, the leading French publishers of the public. "By force of being developed internationally, we forgot the country where we have our headquarters and where we are publicly traded, that is to say France," explains the manager. An acquisition that enables Avanquest Software to be number one in France."Micro Application, not just 20 million euros of turnover, are also thirty years experience in software, with great managers who will bring us many new ideas."
Must smartphone
Another development technology this time, also had a major impact on the activity of Avanquest Software: "cloud computing", literally "cloud computing". "Cloud is a trend. It's really the dematerialization in general. We started with a computer in which they put a floppy disk and now you can access all data from anywhere. This is the total convergence. You take a program like that of the Highway Traffic Avanquest, you can have it on Facebook, your phone, a gateway for Nintendo … That's the future: convergence, access everywhere everything.Why must the cloud, it is the servers, "explains Bruno Vanryb.
Among the underlying trends at work in his area, the connection with smartphones is in his eyes became an essential element. "You can not make a software if you do not its function smartphone. So we have to invest to be very strong in these technologies, and only the best will survive, "predicted the leader. By joining the gesture to speech: Avanquest has launched an application for BMW, via smartphones.
"Discovering the circle Figaro Impressions of Contractors with HP
The European giant EADS pleasantly surprised on Wednesday morning by unveiling 2010 earnings above expectations. The group of aerospace and defense as planned return to profitability, with net profit of 553 million euros, against a loss of 763 million euros in 2009 financial year marked by provisions on the A380 and 'A400M military transport aircraft.
EADS also engages with the payment of a dividend – of 0.22 euro – for 2010, cash and displays a record of 11.9 billion euros at the end of 2010. It has improved its turnover by 7% to 45.8 billion euros, with record deliveries of 510 commercial aircraft from Airbus. For 2011, it expects between 520 and 530 deliveries.
But for 2011, the time has to be cautious. The parent company of Airbus this year expects an operating profit (EBIT) before special items "stable compared to 2010, about 1.3 billion euros."Increased spending on research and development and a less favorable product mix in Cassidian, the defense and security division, should help offset higher volumes and prices at Airbus Commercial.
The group expects to hand in a "marked improvement" in 2012 with increased volumes, better pricing and improved on the program of Airbus A380 Superjumbo.
Large aircraft orders this week
And even if the American aircraft lessor ILFC, a subsidiary of AIG, has canceled a previous order of 10 A380 super jumbo, whose contract was potentially 3.7 billion dollars according to list prices. "It has absolutely no impact on the A380 program," said John Leahy reassured last night. In exchange, ILFC will purchase 100 medium-haul Airbus A320 Neo and 33 to Boeing for a total of more than $ 12 billion.
Yesterday also, Turkish Airlines has signed a firm order for ten medium-haul A321 and three A330-200F freighter aircraft. A contract of nearly $ 1.6 billion at list prices.
On Wednesday morning, the Hong Kong airline Cathay Pacific placed an order for 27 new units, including fifteen A330-300s and two Airbus A350-900 and ten Boeing 777-300ER. Appliances should be delivered before the end of 2015.
In exchange, EADS shares gained on Wednesday at the opening of the Paris market, 4.08% to 20.65 euros. The capitalization of EADS took 13.8% since the beginning of the year after winning 24% in 2010.
Daimler and Lagardère on the road to disengagement
In the complex composition of the board of directors at EADS, Lagardere which represents French interests, the recent decision by Germany's Daimler to sell part of its 22.5% raises concerns about the group's governance and future of its shareholders originally intended to limit the influence of the French state.
Especially as cables Wikileaks, obtained by Reuters, are valid. On dozens of pages dating from 2005 to 2009 spread strife within EADS Courrent forever. In particular, they indicate that the shareholders' created between the political and industry participants an imbroglio that has proven difficult to unravel, placing the representation of national interests of private shareholders who are (…) train to leave the company. "Arnaud Lagardere, whose participation in EADS was 15% at the time and has since been reduced to 7.5%.
EADS declined to comment on these cables. The Lagardere group, which recently said it would not do anything about his involvement until 2012, did not respond to requests for comment.
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Hesitant until then, the CAC 40 has finally opted for the bright red. The Paris index loose 1% to 4020.21 points. For the week, the CAC 40 dropping 1.23%. "We are the bottom of a bullish channel, said Djillali Hacid from XTB. There are good opportunities for entry, but also risks that we break this bar. Financial markets are waiting. " Waiting to know how the situation will evolve from Libya and what implications does it have on oil.
For now, it has deteriorated sharply and the CAC 40 rebounded to worry fast payday loans. So much so that he put aside the rise in job creation in the U.S. they had anticipated. "Financial markets have a habit of focusing on what they want, says one in XTB. As they had already anticipated the good U.S. indicators, they come back on bad news to know Libya and rising oil prices that results.Libya is no longer producing and oil prices are ready to go. "
As of March 7, the Spaniards will have to back off on the highway. The speed limit will then 120 km / h to 110 km / h. This is part of a plan announced by the Spanish government on Friday to counter rising oil prices due to the revolution in Libya. Other energy saving measures, the price of train tickets for short distances decrease by 5% and the proportion of biofuels on the market will increase from 5.8% to 7%. According to Spanish media, these measures should enable the country to reduce its 1.4 billion annual oil consumption.
"Our goal is to save oil and gas and reduce our energy bill, which has increased in recent days and we do not expect a decline," said Deputy Prime Minister, Alfredo Perez Rubalcaba, the Release of the Council of Ministers.For his part, Miguel Sebastián, the Spanish Minister of Industry, warned Thursday that a 10 euro price of oil would increase the country's fuel bill of 6 billion euros. However, at a meeting yesterday, a barrel of Brent crude had reached almost $ 120, exploding over $ 10. This Friday, a barrel of oil quoted in London always takes the 110 dollars.
This "poses serious problems facing our economy," lamented Alfredo Perez Rubalcaba. Government sources have also not ruled out a general rise in fuel prices, gas and public transport. These measures will reduce gasoline consumption by 15% and diesel by 11%, said Vice-President of the Government.He has already stated that other measures would be announced next week, including a limitation of public lighting and energy savings in government.
13% of imported oil comes from Libya
Some 35.4% of oil imports to Spain from Africa, 13% of Libya. In the present context, "we can not do anything other than saving energy," warned the Minister of Industry. According to Spanish newspaper La Razon, the plan of saving the Spanish government is divided into 31 measures, with a total cost estimated at 245 million euros, and revolves around four main areas, including transportation and construction. Its main objective is to reduce energy consumption in the country of 44 million barrels of oil, representing 10% of annual imports from Spain.
Several oil companies, which the Spanish group Repsol, announced in recent days a slowdown or suspension of their activities in Libya. Repsol has announced Thursday that he kept half of its activities in this country. The group's production in the country, which is usually of 360,000 barrels of oil per day (nearly 20% of Libyan production, estimated at between 1.5 and 1.8 million barrels per day), is thus increased to 160,000 barrels, according to a spokesman for the group. Alfredo Perez Rubalcaba, however, ruled that Spain currently draws in its strategic reserves of crude.
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