International News

 

"Industrializing access to start-up." This is one of the goals sought by Electronova Capital, the investment fund which EDF has announced Tuesday. This new tool will prioritize the "cleantech", these companies specializing in innovative technologies environmentally friendly.

"Our approach is flexible: it can be anything to support a project to take an equity stake," said Bernard Salha, director of research and development of EDF. The electrician tricolor, via an annual budget of 500 million euros, is one of those that invest most heavily in R & D.

Turn to France and Europe

Electronova Capital Fund will have a capacity of 60 million minimum investment, and the envelope will increase to 90 million euros, said Thomas Thornton, chief financial officer of EDF faxless pay day loans. The French group has teamed up for the occasion to Indivest Partners, a recognized specialist in SME financing.

"The launch of this fund is a further step in our policy for innovation. We have already taken similar initiatives in China and Canada, while qu'Electronova Capital will initially intended to turn to France and Europe, "said Thomas Aldridge.

Meanwhile the first operation, areas of intervention should not be missed: "The energy landscape is changing; between issues related to CO2, the development of renewable energy and the desire for improved energy efficiency, we are a turning point, "says Bernard Salha.

ALSO READ:

"Energy: the sector still on a roll

"A new fund for start-up digital

What the cash advance is designed for is to cover temporary financial difficulties without damaging your credit score.

 

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.

ALSO READ:

"China, the future of boating paradise

"Foreign manufacturers are boosting their investments

"Renault is preparing to set in China

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

 

"This is the fourth year of the MBA HEC offers this seminar in leadership" off-campus ", which stands on sites the military school of Saint Cyr Coetquidan and Fort Penthievre. The idea is to make teaching by practice on the ground ". While explaining this, Commander Xavier Bout, a professor at HEC and organizer of the seminar, participants observed a group whose goal is to cross a gap in a simulated earthquake. Here, no internship or hardening of team-building, but a pedagogy in situ. "In two days, participants will have completed twenty years, putting each in turn in the position of leader, which allows the instructor who accompanies each group to study the postures, behaviors, and then to make a debriefing. The seminar, which comes amid an MBA, is fully in the curriculum, "he says.

Many schools offer similar courses. Consecutive years, participants of Executive MBA MIP (now part of EDHEC group) took a trip-four-day seminar on management turned on the cruiser helicopter carrier Jeanne d'Arc. As for executives enrolled in the Executive MBA Paris Executive Campus, they will spend several days in June on a military base in Britain.

These seminars, summaries of which could do more to echo reality shows that cozy setting of MBA classes, are not displeasing to many candidates. But their proponents, they should not be reduced to a mere marketing ploy. "The course is to enable learning about decision making in a situation of discomfort," The advance Olivier Fournier, CEO of Paris Executive Campus payday loan companies. All leadership seminars in the field however, are not related to the military.

"Seminar uncertain"

What is sought is primarily the offset, the exercise of leadership in an uncontrolled environment. In the Executive MBA from the NCI, participants depart for example in Poland perform a consulting mission which they become aware that once on site. Since 2003, the International MBA Rouen Business School offers its students a "seminary of uncertainty." The principle? Participants are taken to an unknown destination and group must complete several missions.

"Getting to a point with a compass and unclear instructions, return to its starting pair in opposite directions or build a tetrahedron intended to launch a missile in a limited time," remembers for its part Annina Alanen . Graduated last year from the International MBA Rouen Business School, said she learned a lot from this experience. "It was interesting to hear my own reactions, to see that the conflicts within the group can block any decision or that he who has the solution can not necessarily convince others."

ALSO READ:

"The MBA gradually become more feminine

"The MBA remain attractive despite the crisis

SERVICE:

"Find your MBA with Kelformation

 

Danone Nestlé pipped to the post. After months of bidding, both groups had submitted their final offers Friday the pharmaceutical company Pfizer to buy up his infant nutrition division. At a Board of Directors held this weekend, Pfizer, according to our information, preferred the Swiss giant, world leader in food, the French group.

Danone had yet put on the table just over $ 11 billion for the opportunity to strengthen its branch child nutrition (Blédina, Dumex) in Asia and Latin America. To prevail, the group led by Franck Riboud was finally does not ally with American specialist baby milk Mead Johnson, as he had been a time draft. Anxious not unsustainable debt and not having to sell its bottled water to fund this acquisition, Danone was however associated with investment funds for a portion of the acquired business to Pfizer, and intended to sell assets in infant nutrition in Europe (excluding France), Australia and New Zealand.

Three times larger than Danone, Nestle has used its war chest to win. By paying more than $ 11 billion for an activity of 2.1 billion, including the Swiss group will be able to recover some of its delay in this sector in China.

ALSO READ:

"Nestlé favorite for the redemption of baby milks Pfizer

 

This time it's done. Philips has withdrawn its television division. Finally. Because it took nearly a year to Franz Van Houten, CEO of Philips, to complete this operation. It is also the patron of the first strategic decision, arrived at the head of the Dutch company just last year.

Over the last two years, the division of Philips TVs has accumulated just over 500 billion euros of losses – including the costs of disengagement from Philips. Now, the new entity should be able to go on a sounder footing. "Philips has made its teams, its innovations, expertise and POS … its competitiveness and mastery of the supply chain," says Marie-Veronique Cazeaux, CEO of TP Vision France. This distribution corresponds well to the state of the TV market. The traditional players are innovative, but no longer able to cope with Chinese manufacturers competitive. Not to mention the Korean Samsung and LG, which now occupy the top two spots on the podium.

Recurrent source of losses

"POS is a registered almost unknown in France electronic check payday advance. Yet they are world number three, "says Marie-Veronique Cazeaux. The group of Hong Kong, which is also a world leader for PC monitors, manufactures televisions under the brand AOC label and distributor. It will add TVs Vision Lab, exclusively sold under the Philips brand.

For Dutch, the operation should allow it to disengage from a recurring source of losses, while remaining present to the general public about the TV market. Market oh so iconic. "We have an excellent brand image, says Marie-Veronique Cazeaux. Now we move into a replacement market. There are six or seven years, Philips held 25% market share and it is these customers who return to shop. "

The question is whether the effect will be faithful enough to come back into favor as Philips. In 2011, he held less than 7-10% of the French market, against 25% for Samsung.

ALSO READ:

"Philips, restructuring continues

"Van Houten:" A new life for Philips TV "

"The Asian giants relocate in Poland

 

Born primarily the desire to escape the influence of the United States and Europe, the group of Brics, which includes Brazil, Russia, India, China and South Africa, is still seeking an identity. For now, the five emerging economies, which account for 40% of world population and weigh almost a quarter of global GDP, have in common especially their insolent growth. A favorable economic foundation for greater integration, but that has yet to consolidate.

More ambitiously, the desire to define a common diplomacy is squarely a figment of the imagination, as are large differences within the Brics international political crises. Not to mention the simmering conflict between India and China, who have not settled their border issues.

Nevertheless, the Brics are taking shape. And the fourth summit of the five emerging countries to be held Thursday in New Delhi could lead to some concrete decisions. "The Brics are a unique group. It is not based on geography, as the European Union (EU) or the Association of Southeast Asian (ASEAN), "notes Sudhir Vyas, Secretary for Economic Affairs of the Ministry of Foreign Affairs Delhi. Adding: "Beyond their role as drivers of global growth, the five countries are united in their desire to seek durable solutions to global challenges, they can afford."

Although Beijing and New Delhi have revised their growth forecasts downwards, the two capitals show figures to be the envy of Europe and the U.S.: + 7.5% of GDP increase in China this year + 6.9% in India. According to a report released Wednesday by Knight Frank and Citi Private Bank, India could become the world's largest economy by 2050. "China will overtake the U no teletrack payday loans.S. in 2020, and will be overtaken in turn by India in 2050," analysts said.

Compete with the dollar

Wednesday, the eve of the summit, trade ministers of Brics had several working sessions in New Delhi. "The consequences of the financial crisis (in Europe) affect everyone. We must work together to overcome the problem, "said the Indian Minister of Commerce and Industry, Anand Sharma. Chen Deming, his Chinese counterpart, dearer: "It is urgently necessary to prevent the crisis in the European Union is escalating."

The agenda of the summit of Brics is vast. It only last a few hours, in a transformed Indian capital into a fortress. It will discuss food security, health, but also the puzzle of the Iranian nuclear and Syria. The highlight, however, will create a "bank of Brics", already nicknamed "South-South Bank." The project, proposed by the Indians, is still in its infancy. But the idea is timely then that the Brics seek to formalize their lives by forging institutions.

Bank of Brics would particularly called upon to finance infrastructure projects in developing countries. It is also a great way to circumvent the euro and the dollar … the benefit of the Chinese currency. This is not to please all members of the group. Brazil, in particular, complained about the undervaluation of the yuan. "This project shows that bank emerging attempt to withdraw from the World Bank and International Monetary Fund, which are dominated by Westerners," says John Mashaka for its part, an analyst at Wells Fargo Capital Markets.

ALSO READ:

"The Brics, an engine of growth

 

"Telerama" is offered on Wednesday, a fundamental review of its editorial formula. This evolution of the weekly television, accompanied by a new model, is "a response by Telerama change consumption and cultural practices to win new readers and continue to attract current," says its director writing, Fabienne Pascaud.

With its position closer to a "cultural news", Telerama has suffered less last year than the heavyweights of television news. France paid its circulation reached 622,161 copies in 2011, down 1.59%, while all of this family of magazines dropped 3.3%, according to OJD.

The ambition of the new formula of the title, including the selling price increased from 2.30 to 2.50 euros in late February, is to "reclaim the newsstand sales of around 75,000 copies today. The kiosk is synonymous with vitality, "says Fabienne Pascaud. In this perspective, the title also wants to seduce new readers, "young adults, 30 to 40 years." The average age of readers "is currently at 49 years." At constant paging (137 pages of writing), the new formula Telerama advocates "openness" totally free credit score.

"To better understand the society we live heckled, through its creators, its intellectuals, its researchers, it is essential to increase the angles of approach, open to also radiate to other types writing, "says its director in the editorial to be published Wednesday. With a model which "gives more room for elegance," redesigned internally by the Artistic Director Loran Stosskopf the nouveauTélérama offers shorter film critics, a "photo editorial", new sections on concerts, video games or catch up on TV. However, the little figure Ulysses, smiling or grimacing as film review, remains under a new face.

The offensive of the weekly, owned by "Le Monde", is accompanied by a revival of its website, with "greater visibility of services and content" and creating a premium area, TéléramaPlus, for to subscribers. Last year, Telerama has achieved a turnover of 77 million euros. 25% of revenues come from advertising.

ALSO READ:

"The French press has spread its falling

"Le Figaro, the best-selling national daily

 

As soon as the telecom regulator (ARCEP) she reiterated that Free Mobile fulfilling its obligations in terms of coverage, the network of the new telephone is again controversial. He knows since Friday morning strong disturbances that affect customer communications. The magnitude of the incident remains unknown, Iliad, the parent of Free, refused to give details. But for France Telecom, under contract to Free Mobile, it would be a "major incident".

Disturbances may be caused by the failure of one of the two "signaling equipment" Free Mobile needed to find the phones.

Orange wants to keep his distance. The incumbent is linked to Free Mobile "a roaming agreement" which allows customers to use the Free Orange network in areas where Free has not yet developed its own coverage. "Free us informed in the late morning of an incident on its network equipment. This incident is in no way related to the contract of homelessness in Orange network, "said a spokesman for France Telecom fast cash loans.

No "quality testing service"

The incident revived the controversy over the quality of service of the fourth mobile operator. Tuesday, Arcep confirmed before an Assembly committee that Free Mobile covered at least 27% of the French population, a regulatory requirement for anyone holding a mobile telephone license. The regulatory authority, however, that it had made "coverage tests" and not "test quality of service."

For other telephone companies, possess Free Mobile Network "cheap" or "empty". They accuse him and his relay off voluntarily and not to develop its infrastructure to rest on those of Orange, better and more extensive. It is estimated that over 90% of calls made by customers Free pass through its network.

ALSO READ:

"Free Mobile fulfills its statutory obligations

"The boss of Free, Xavier Niel, on the grill MPs

 

The debt crisis in Europe continues to impose experiencing this ritual to Angela Merkel and her center-right coalition. As in the previous six votes, in which MPs have urged the German solidarity towards the euro area, the approval by the Bundestag of the second bailout Greek turned yesterday at Calvary for the Chancellor, threatening its majority an existential crisis. Monday, she called politicians to approve the plan of 130 billion euros, for which the German contribution will be $ 35 billion, saying any other way "irresponsible" as the risks of bankruptcy of Greece are "incalculable ". However, Merkel has obtained the ratification of the Bundestag that through the voice of the opposition, throwing his government in limbo.

"The risks of turning away from Greece are incalculable, Merkel warned before the elected lower house of Parliament. Nobody can anticipate the consequences of the German economy, on Italy, on Spain, on the whole euro area and for the world "would have a bankruptcy of Greece. "I can not throw myself into the adventure, my oath forbade me," she said. Before insisting once again on the dramatic challenge: "If the euro fails, Europe is lost. If the euro wins, Europe wins. "

The Bavarian conservatives had turned up the heat in recent days by calling to stop pouring money into "a bottomless pit." Many elected Merkel of the CDU feel that Greece is a "lost cause". Result: The Chancellor received only 304 votes out of 311 needed to gather his own majority. The humiliation is even larger than the text was adopted by an overwhelming majority of 496 deputies, with the votes of the opposition instant payday loan. Some elected opposition will surely call early elections. For doubt now weighs on the viability of the Merkel government by the next legislative elections in 2013.

Soothe the discontent

The conservative chancellor acknowledged that "the path that opens before Greece is long and certainly not without risk." "This also applies to the success of the new program, no one can give guarantee 100% success," she added. His finance minister, Wolfgang Schäuble warned MPs in a letter last week that it was probably not the last time they had to look at the Greek case. "The Bundestag will vote a third package for Greece," predicted Steinbrück for his part, is the opposition Social Democrats, during the parliamentary debate.

To try to calm the discontent in his camp (conservative CDU / CSU and liberal FDP), the Chancellor reiterated that his Government had "no need for a debate on increasing the volume of rescue mechanisms" to work (EFSF) and future (MES). A response to the demands of the G20, the last weekend, which was insufficient to convince its members. Following the appointment of a consensus candidate wanted by the opposition, Joachim Gauck, as president, Merkel cash their second defeat in a week.

ALSO READ:

"The Eurogroup does not exclude a failure of Greece in March

"A German Presidency in negotiations

"SPECIAL – Depression, fear of debt