International News

China is becoming the new frontier of Dassault Aviation (whose largest shareholder is the owner of Figaro). "We set up in China where we are creating a subsidiary. By the end of 2012, will employ 25 people, "said Sunday Edelstenne, CEO of the French aircraft manufacturer, on the eve of the opening of the Fair Business Aviation (Ebace), which is held in Geneva until May 16

After opening sales offices in Shanghai and maintenance and Hong Kong two years ago in partnership with Jet Aviation and Hawker Pacific, the manufacturer of Falcon jets dope his device to enjoy a hot market. Given the regulatory constraints in China, "to establish long term, we need a subsidiary," insisted John Rosanvallon, President and CEO of Dassault Falcon. Headquartered in Beijing, will be operational this summer.

China has recently become one of the first customers of Dassault. The group plans to deliver 12 Falcon this year (out of 65 in the world) against 8 in 2011. Last year, half of its orders, or 18 devices, were placed with Chinese customers. This market looks like a pyramid upside down. Customers were immediately turned toward the high end. Dassault has already taken 20 orders of 7X, his flagship, which cost around $ 50 million.

But the market matures. "The number of new customers for our various models in the 2000S 7X is very promising," confirmed Edelstenne. The customer profile is changing China. The primary motivation for buying a jet status has long been a way to show his power and care networks. This is still true. "But the Chinese bosses are increasingly using their planes more for really professional, to save time, improve productivity, said Jean-Michel Jacob, CEO of Dassault Falcon-China. And the fact that Chinese companies increasingly go abroad reinforces this need, this awareness low fee pay day loans. "

Lack of airway

In three years, the business aircraft market has exploded in China. In 2011, "the country became the first market for all manufacturers in terms of sales," says Jean-Noel Robert, who chairs the Asian Business Aviation Association. China would be "third world market, and this share is expected to increase." The scope for growth is huge. Where there are 15,000 private jets in North America, there are fewer than 500 in Asia.

On the Hong Kong airport, the business aviation fleet is already the second and should become the first, before that of Cathay Pacific. "Asia, particularly China, is our main export market," noted Larry Flin recently, President Gulstream, recalling that its fleet, including Hong Kong, had jumped from zero in 2000 to over 80 aircraft today. For its part, Dassault Aviation now holds 30% market share in China, which should account for 20% of its production in the coming years. According to Canada's Bombardier, more than 2,300 business jets will be delivered in China by 2030, for a fleet of 150 aircraft today.

As part of its 12th five year plan, adopted last year, China has included among its objectives the development of business aviation. However, there is still the brakes, such as lack of airways, with a sky very locked and controlled by the military. But the problem is mainly lack of infrastructure and skilled staff. There are only 150 civil airports in China, 1500 against the United States. The number of airports will increase by 27% in China by 2010.

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Decidedly, this championship spares nothing to Olympique de Marseille. After a disappointing season sportingly (OM is currently 10th in the league), players of the club will play their final game next Sunday of the season against Sochaux with a misspelling in the back! That is the conclusion yesterday after the presentation of the shirt "Third" of the OEM Adidas club, created by singer Akhenaten – leader of the rap group IAM-1990s – and the Argentine sculptor Pablo Reinoso. A tunic dedicated to the European Cup, having the distinction of being reversible: when you turn the black jersey, it turns orange.

"The grammatical rule is not obvious"

Orange, it is thus that the error happens. Worms designed by the rapper star of Marseille have a spelling mistake. They are found enrolled in upper back: "And our hearts are orange, as are the waves at sunset." However, the word orange agrees, except when used as an adjective. This is the case here. This departure from the French language cover only one of three new models and is invisible to a spectator from the stands. It must indeed look very closely intertwined worms to distinguish this "S" too. "We assume that fault, reacted Emmanuelle Gaye, spokeswoman for Adidas. This grammatical rule is not obvious and I guess it was not known to all French no fax cash advance. " He added: "As in any international company, the production line is long between the designer and product manager. We are looking where the error occurred. The most surprising is that the first prototype did not include error. "

Already on sale

Still, this error is a problem, the shirts have already been sold in shops of the club. "From the moment the product is not defective, it remains for sale, says Emmanuelle Gaye. We are considering how to correct the error. " Adidas, an estimated "tens of thousands" tunics with the misspelling, knowing that the OM annually sells 400,000 jerseys.

Already mocked by fans for its color, away from the traditional blue and white OM, so the shirt could see his popularity decline even further. What threatens the sales potential of these tunics. At 90 euros a basic version, some fans will likely require a perfect model. Unless an effect "collector", which would encourage them to rush on jerseys-like limited edition … "It is unclear what impact this will fault on our sales, concludes Emmanuelle Gaye. But the jersey is a favorite with players and fans. "

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Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

M6 surfs his good hearing and displays good financial health. The group chaired by Nicolas de Tavernost said Thursday, a consolidated turnover up 3.6% in the first quarter of 2012, to 355.1 million euros. It is true that this growth owes much to self-advertising group, which rose by 3.2%. Starting with the audiovisual rights activity that benefited from the success of Twilight 4 video. But despite the sluggish market, the advertising revenue of the group grew by nearly 4%.

Even the M6, the flagship, can boast of an increase in advertising revenues in the first quarter from 1.5% to 164.5 million euros. Growth that relies on good audience ratings of structured grid around a solid prime-time thanks to JT "19 h 45 'and household scenes, but also a few key programs that Whether it is "Top Chef", magazines such as "Capital" and, finally, American series that still make the gravy chain. With an average audience share of 11.6%, M6 is thus gradually became the third chain of the audiovisual landscape.

What it can an aggressive advertising policy based on maintaining or even increase, its rates, where most incumbents rely on the flexibility in trading conditions. Proof: according to Kantar Media Institute, the volume of the M6 ​​channel advertising declined 14.2% over the period, while its gross revenues (excluding negotiations and regressive) increased.

Rate increase

This means that the group has increased the value of its screens. By comparison, TF1, whose gross receipts would not progress to the first quarter shows an increase of its volume of 3.4% pub. The first private channel is also best bidder in number of spots.

More generally, the history of television market has seen in France in the first quarter a decline in overall volume of 7.5%, according to Kantar Media. If the market does not collapse, it is primarily due to the dynamism of the new DTT channels. In its latest monthly report, the Institute notes that "this segment remains solid in value in March (16.7%) but stabilizes its activity by volume (0.3%). Cumulatively, the DTT channels grew three times faster than all channels (23.2%). "

A trend that is well reflected in the number of commercial digital channels M6 group – mainly W9 – which increased by 16% in the first quarter, to 38.1 million euros.

As for the coming months, the media buying specialists adopt a conservative position. Havas Media, a subsidiary of Havas, setting a trend of 0.9% of the TV market in the second quarter. In other words, the line thickness. The media agency fears the arrival of "a two-tier market that is expected to exacerbate the end of the year and in 2013 with the arrival of six new HD channels TNT in the fall. The fragmentation of audiences is going to intensify, increasing the risk to players on the market, "she argues.

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For the second time since 2009, Spain fell into recession. The Spanish economy has indeed contracted 0.3% in first quarter 2012 compared to end 2011, according to preliminary official figures released Monday. It is however slightly better than expected: the Spanish Central Bank expected a 0.4% decline in activity over the period.

After degradation of the Spanish note by Standard & Poor's, the publication of a record unemployment rate in March and fears more acute in the health of banks, the bad news accumulates in Madrid.

In the first quarter of 2012, only exports and tourism have supported activity. But their strength was more than offset by the effects of the austerity plan introduced by the center-right government of Mariano Rajoy, of unprecedented severity. Moreover, the cleanup of a long over-indebted economy, household businesses through the state, beating down domestic consumption. The proposed increase in VAT, under pressure from the International Monetary Fund, should accentuate this trend.

"The austerity trap"

So much so that the International Labor Organization (ILO), in its report published on Monday, sets up Spain as an example not to follow a policy solely focused on rigor. She stressed that "the deficit was reduced by just over 9% of GDP in 2010 to 8.5% of GDP in 2011: a very small reduction after a drastic austerity program." For 2012, the government had to moderate its deficit reduction target, it expects to either 4.4% but 5.3% of GDP, given the deteriorating situation. For the ILO, "the trap of austerity is being shut down."

The Spanish economy should continue to suffer, economists fear. "We expect an acceleration of the recession in the coming quarters, in parallel with the rise of austerity measures," said Evelyn Herrmann, economist at BNP Paribas. "Things should get worse before it gets better," says Martin van Vliet, of ING Bank.

Unemployment, already at a record level of 24.44%, should continue to climb. It should eventually reach more of an asset over four in Spain, provides the analyst consensus. Symbol of the Spanish slump, the construction industry, long time driver of the economy because of swelling of the housing bubble, should continue to lay off. It accounts for another 9% of employment, against 6% on average in the eurozone.  

Fears on banks

"The worsening situation on the labor market will have a particularly negative impact on banks," notes Ricardo Santos, an expert in Southern Europe at BNP Paribas. "The share of loans" non-performing "(that is to say, threatening never to be repaid, Ed) is expected to increase and represent 9% in late 2012." To which are added 176 billion euros inventory of buildings and land "problem", that is to say to the uncertain value, as counted from the Spanish Central Bank. Country's only hope in the short term, the "Marshall Plan" for growth in project and unveiled in Brussels on Saturday by the daily El Pais. According to him, he is expected to reach 200 billion euros, or 4% of GDP of the European Union. But Brussels has denied, insisting that these figures "had no basis."  

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Since formalizing his candidacy on February 15, Nicolas Sarkozy deseeded dozens of proposals, with its compiled in a campaign document, as an accurate, encrypted, presented Thursday. According to his entourage, the president candidate could submit a new "strong measure" in the social field. Earlier this week, Nicolas Sarkozy has indicated that its entire program will ask for 115 billion euros to the French effort, spending about 75 billion, 40 billion on revenue.

Nicolas Sarkozy also has his "letter to the French," in which he exhibited his "values" and his "vision of France" by the year 2017. This document, published in several million copies, will be distributed "by activist," says his entourage. On the first page of the 36-page document, is a sentence written in manuscript by Nicolas Sarkozy: "My fellow Americans, there is nothing more beautiful than the love of his country." "My goal is clear: France to build a strong enough in the next five years (…), yes reconcile France and France's failure" to the European referendum in 2005, Nicolas Sarkozy said.

• Economy and Public Finance

"" All my proposals are built around one goal: the balance of public finances in 2016, "said Nicolas Sarkozy. He confirmed in his project a French public deficit has 0% of gross domestic product (GDP) in 2016 and a surplus of 0.5% in 2017. Incumbent President states in his proposed reduction of the French public debt to 80.2% in 2017 instead of 85.8% in 2011 with European commitments.

"To achieve the deficit targets, the tax burden will increase from 43.8% of GDP in 2011 to 45.6% in 2017 in France. Nicolas Sarkozy plans in its plan to cut public spending in France to 51.9% of GDP in 2017 instead of 55.9% in 2011.

"Nicolas Sarkozy has acknowledged that 115 billion effort is needed over five years. "I have to add the 9.5 billion campaign proposals," he added. This brings the total effort of 124 billion. Three quarters will focus on reducing expenses, the remainder of the revenue, insisted the president candidate, as he had already announced.

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Nicolas Sarkozy made it from 7.6 million viewers have followed "The Voice", this Saturday night on TF1? We know that the president is a fan of the show and he had not missed the first episode of "battles" Saturday, March 24. He still recalled Friday on Europe 1.

This is the first time the télécrochet TF1 falls below the 8 million viewers: 9.2 million for the program was launched on February 25 and March 3 8300000, 8600000 March 10 , 8,500,000 17 March and 8.1 million fans on March 24.

Johnny Hallyday May 5

The hearings this Saturday do not have enough to worry TF1 insofar as the market shares remain very high, reaching 35% in four years and more, and 49% on housewives under fifty years cash till payday advance. Especially, "The Voice" ahead widely all competing channels: with "The Glades", M6 ranks second with 2.9 million viewers.

Some events and the participation of stars should allow TF1 to maintain the public interest until May 12, probable date of the final. Johnny Hallyday and is it expected in the next issue on May 5.

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SNCF will release on February 16 as "good" annual results, in the words of its leadership. Yet they will undergo a severe movement of the plane. On 14 February, the president of SNCF, Guillaume Pepy, unveiled to participants of a seminar on "business model TGV" that his group would carry out an impairment of € 700 million on its TGV . "The value of TGV, now in the books of the SNCF, amounts to nearly 4.5 billion euros," he said, according LaTribune.fr who reports his remarks. We will depreciate the 700 million euros because we have too many trains and they are mostly old. "

The fleet has 457 SNCF trains whose average age is 17 years. This decision comes as the SNCF profitability of the branch TGV group – very profitable long – has deteriorated in recent years. An evolution largely attributed by the public company to the concomitant increase in tolls which it must pay with Réseau Ferré de France (RFF), owner of the tract payday loans for bad credit. Since late last week, SNCF and RFF have agreed on changes in rates of tolls until 2018. Guillaume Pepy was this medium-term visibility a prerequisite for engaging in orders for new trains. He said Tuesday that such investments would only be possible when the operating margin of the travel industry would reach 20%. Or it tops out at 14% today.

Until 2015, the fleet will continue to welcome new trains: 15 "Euro Duplex" will be delivered by Alstom in 2012, 11 in 2013, 11 in 2014 and seven in 2015. According to its chief financial officer, David Azema, who intervenaitle February 15 parliamentary days when the rail is in fact particularly after 2025 that the station should replace trains end of life.

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MPs began Monday consideration of amending budget establishing social VAT … a missed. The Finance Committee rejecting the measure: the left there was a majority, in the absence of several UMP members. This should not prevent the adoption of VAT social session. But Jean-Marc Ayrault was easy to see in the episode "indicative of a malaise." The boss of Deputies PS UMP derides his colleagues: "I understand that it does not raise the enthusiasm on their part!"

The Executive is sparing no effort yet to defend the measure. Monday, Francois Fillon has found it necessary to "realign our costs compared to our competitors in the euro area." Last week, Bercy was assured that inflation does not fly away, that 100,000 jobs would be created and that the industry would be the first beneficiary of reduced charges that it contradicts the UMP rapporteur of the text.

The government is now trying to lay to rest the idea that the VAT increase will affect more modest. A note by the Ministry of Economy established that on average only 42.7% of household consumption supports the standard rate of VAT, which will be raised from 19.6% to 21.2%. The rest does not suffer any VAT (financial or medical services, rent) or a reduced rate (print, drugs, food, transportation, food, work …). Note that this is part of expenses affected by the VAT increase is "slightly progressive with income": it represents 43.5% of consumption of 10% richest households, against "only" 41.4% of consumption of 10% of low-income households. "It is incorrect to say that the VAT increase weighs most on the most modest," says Bercy. Forgetting that these households consume a significant portion of their income and save less.

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• "Fear is back"

President Nicolas Sarkozy said Thursday in Toulon that "fear has returned," that "for France to lose control of his destiny" in the crisis of the euro area. The Head of State spoke of "this fear that destroys trust" and "that paralyzes consumers, which prevents the investor to invest, the contractor undertaking the boss to hire the banker to lend" , ensuring that "the only way of averting this fear is to tell the truth."

• A cycle of debt

Nicolas Sarkozy announced a "new cycle", that of "deleveraging, which will bring the balance of the economy to work and production that developed countries have tended to sacrifice too."