International Business News

The leader of Conti was sentenced to 1200 euros on appeal. The CGT union had already been sentenced to a fine of € 4000 for the sacking of the sub-prefecture of Compiegne in 2009. He then refused to submit to a DNA sample.

The Court of Appeal of Amiens Friday condemned the CGT trade unionist of the old factory Continental, Xavier Mathieu, 1,200 euro fine for refusing his DNA by police.Une fine of 1,000 to 1,500 euros had was required.

The union was acquitted at trial in June 2011 by the Criminal Court in Compiègne. The prosecutor, who had requested a one month suspended prison sentence, had appealed his acquittal. "I am condemned (…), which means they can point back next week and ask me again my DNA and retry me if I refuse," responded Xavier Mathieu, graying beard, wearing a red sweater hoodie and jeans, after deliberation.

The facts date back to the conviction of Xavier Mathieu 4000 euro fine by the Court of Appeal of Amiens for their involvement with workers from Continental to the destruction of the sub-prefecture of Compiegne in April 2009. He then refused to submit to the taking of DNA fingerprinting, as required by law.

The Clairoix tire factory, where he was employed, was closed in early 2010, resulting in the elimination of 1,120 positions. In spring 2009, a labor dispute for several months, including Mr. Mathieu was the emblem-had allowed the workers to get severance extralegal.

"The worst is not fine is to be treated delinquent"

Created in June 1998 to identify DNA from convicted for sexual offenses final, the national computerized DNA (FNAEG) was extended in 2001, 2003 and 2010 to many other crimes. "This is not fine the worst thing is to be condemned, to be treated as a criminal. offenders, it is the leaders of Continental. They are not even thugs, they are criminals. I wanted that (they) are tried for the consequences of closing the box, the economic disaster on people's lives, "he told Mr. Mathieu reporters.

"We are struck by the rather categorical motivation of the court and the refusal to integrate clear and explicit refusal (DNA test) of Xavier Mathieu in the context of social struggle," said Pascal Moussy, collaborator Marie-Laure of Dufresne-Castets, counsel for Xavier Mathieu, in the absence of that ci.Estimant that the judgment of the Court of Appeal of Amiens was "regression," Pascal said that Moussy it would "look closely if it deserves an appeal." "What Xavier (Mathieu) in the same file as rapists and murderers, it is shameful," he told AFP Pierre Summoned, one of about 100 "Conti" came to support the union as it exits the court.  

"Normally, if all goes well, I would not have to go to the Supreme Court because my file will be removed from the file FNAEG (…) as if it were committed" in Amiens in the trial of the union, four candidates Left for president – Eva Joly (EELV), Jean-Luc Melenchon (Left Front), Nathalie Arthaud (LO) and Philip Poutou (NPA) – Xavier Mathieu recalled.

The new head of the Italian government announced the implementation of the reform of the labor market as well as delaying the retirement age to 67 years against 65 now. Mario Monti.

The new Italian Prime Mario Monti said on Thursday before the Senate that he intended to reform the pension system and labor market, two structural reforms demanded by the European Union and expected by the markets. The Italian pension system is one of the strongest in Europe but it has "ample disparities in treatment areas of unjustified privileges," he said. The Italian system is based on two pillars.

The system of "old age", in which the retirement age should increase to 67 in 2026, against 65 years now, thanks to reforms adopted in recent years such as providing for the gradual increase in the age based on life expectancy.

The European Commission will Wednesday unveil new rules for new rules to limit the power of rating agencies. The suspension of a rating and the attack to justice agencies include planned. Moody's in New York.

The "blunder" by Standard and Poor's comes almost timely for the European Commission. Brussels Wednesday will unveil a range of measures to regulate rating agencies, and the announcement erroneous degradation of France by S & P should increase the willingness of the European regulatory agances. Details of the measures to be adopted.

Suspend a rating

The Commission will decide to suspend the rating of a State in case of excessive volatility or if it is under European aid program. This decision can be explained by the previous in Greece.

Attack to justice agencies

Any investor can now sue an agency and ask for damages. Brussels wants to create "a European framework of liability in case of serious misconduct or gross negligence." A new measure that should appeal to France after the "true-false" degradation Standard and Poor's.

Impose a turnover in the agencies

Brussels wants to put some competition in the "Big Three", Moody's, Standard and Poor's and Fitch Ratings. The idea of ​​creating a European agency was abandoned now Brussels wants to impose a rotation to the actors who are noted. Clearly, companies and states will be required to change agencies every three years, to encourage competition between agencies. But the idea has been criticized not only by the agencies but also by some of their clients.

Ubisoft has reduced its loss of more than half in the first half, picking a few benefits of the shift to online games and confirms return to operating profitability in the green in 2011-2012.

Highly anticipated by financial analysts on its increasing strength in online games and its focus on higher quality games, the French publisher said it had generated 30 million euros in revenue through "online" in the first half , an increase of 85% for a segment usually very profitable group which was until recently absent.

"We are on track (…

The placement of the French No. 1 would be the victim of a crisis of confidence? Withdrawals from contracts of life insurance were up 1.8 billion euros in deposits last month. Life insurance, savings, piggy.

Withdrawals from contracts of life insurance on deposits were higher in September, a phenomenon already observed in late 2008, according to figures released Monday by the French Association of insurance.

The net outflow of insurance contracts reached 1.8 billion euros in September, confirming the dire straits facing the preferred placement of French. In September, 9.7 billion have been placed on these contracts. In nine months, the collection of contributions amounting to 98 billion euros, down 11% over the same period in 2010, the association said in a statement.

In detail, 83.4 billion were paid on the supports euros and 14.6 billion euros in the media unit of account (capital not guaranteed). "An outflow of EUR 1.8 billion does not affect the attraction of investors to the guaranteed investment whose remuneration is attractive," said the President of the French Federation of Insurance Companies (FFSA) Bernard Spitz, in an interview with Le Figaro newspaper published Monday.

He said the phenomenon of redemption affects only a little more than half of the 11.5 billion euros of withdrawals, which also reflect the aging population, with retirees who are drawing more and more in their life insurance.

A Booklet has not particularly benefited from the alienation found in September for life insurance, recording an average level (1.13 billion euros).

The G20 countries pledged Saturday to support and rebalance the global economy face "significant risk of deterioration" and said they expect a robust response of Europeans to contain the crisis in the euro area.

Meeting in Paris to prepare the annual summit of the Forum on 3 and 4 November in Cannes, the finance ministers and central bank governors of the G20 welcomed the decisions taken in late July to strengthen the powers and capacity of intervention of the EFSF, the emergency fund of Europeans.

But they said to wait for new work to maximize the impact of the fund, with $ 440 billion, and "avoid any risk of contagion" from the Greek crisis to other economies.

"We expect the results of the European Council of 23 October, which will present a comprehensive plan to provide an aggressive response to current challenges," we read in the final communique of the meeting.

The U.S. Secretary of State to the Treasury, Timothy Geithner, said he was "encouraged by the speed and the direction in which the Europeans are progressing."

"They clearly have more work to do on the strategy and details, but when France and Germany agree on a plan and decide to pass the act, great things are possible", has he said.

French and German partners presented their G20 outline of the plan which they work for a solution "comprehensive and lasting peace" to the crisis in the euro area, which is due October 23.

Executive Director of the International Monetary Fund (IMF), Christine Lagarde, said that the world economy had changed "negative" from the meetings of the IMF and the World Bank last month in Washington and that emerging economies had expressed concerns contagion of the crisis in advanced countries.

To deal with these "heightened tensions", the 20 largest economies in the world have expressed their agreement to conduct coordinated policies in the short and long term as part of an action plan to be presented at Cannes.

ALL WILL BE DONE FOR THE STABILITY OF BANKS

This "cover a range of measures to respond to immediate vulnerabilities and strengthen the foundations for strong, sustainable and balanced".

Advanced countries adopt policies to build confidence and support growth and implement measures clear, credible and targeted to rebalance public finances, we read in the press release.

Countries with large current account surpluses will take further measures by which their growth will rely more on domestic demand, while those with large current account deficits will implement policies to increase national savings.

Emerging countries to adjust their macroeconomic policies on their part to maintain the growth momentum to face downside risks and contain inflationary pressures.

They are also encouraged to continue "their efforts to move toward systems of greater exchange rate determined by the markets."

On this point, Timothy Geithner acknowledged that China had allowed its currency, the yuan, appreciate gradually but should do so more quickly for the benefit of the global economy.

The G20 countries could not agree on the principle of an increase in IMF resources desired by some to strengthen its response capacity in the current crisis.

The statement said only that they have pledged to "ensure that the IMF has adequate resources to fulfill its responsibilities systemic."

The group LVMH said on Thursday replaced by Francis Morel Nicolas Beytout to the general direction of Les Echos.

Nicolas Beytout, former managing editor of business daily, was appointed in 2007 after the takeover of the newspaper by the world leader in luxury.

He became editorial writer "for all group titles," said LVMH in a statement.

After weeks of rumors about a possible departure of Nicolas Beytout, LVMH has finally passed the act, while the newspaper Les Echos recorded losses for the second consecutive year.

"Nicolas Beytout is punished for his bad management," they say internally to Echos, where writing is concerned about his appointment as a columnist.

"We know its proximity to Nicolas Sarkozy and the ethical charter signed by the shareholder recognizes the need for a non-partisan editorial in the newspaper," says one.

Les Echos journalists are scheduled to meet Friday morning at a general meeting to discuss the appointment.

The group, in addition to the Les Echos newspaper, magazine Enjeux-Les Echos, Investir, Connaissance des Arts and the station Radio Classique.

General Manager of Le Figaro from 2004 to 2011, Francis Morel was the architect of the development of internet newspaper, owned by the Dassault family, and the revitalization of its sales.

Executive Director of the International Monetary Fund (IMF), Christine Lagarde warned on Saturday against the risk of the global economy plunging into recession and called for a rapid and coordinated political action, particularly in restructuring European banks.

"The events of this summer showed that we were in a dangerous new phase," she said at the annual meetings of the Fed in Jackson Hole, Wyoming.

"The stakes are clear: we are in danger of compromising a fragile recovery.We must act immediately. "

Advanced economies must develop long-term plans to control their debt, while ensuring that conservation measures will need not jeopardize the recovery, she added.

"Macroeconomic policy needs to support growth," said the former French Finance Minister in his first major speech since taking office as head of the IMF in July.

"Monetary policy also needs to be extremely flexible because the risk of recession is higher than inflation."

She stressed the need to restructure European banks.For her, the most effective way to effect a recapitalization would be "substantial", if possible through private channels or so through a form of European public funding.

She urged European countries to implement programs to reduce "credible" in their public deficits, relying in particular on the European Central Bank.

About the situation in the United States, she said that the need for long-term fiscal consolidation should not obscure the importance of supporting growth in the short term.

"Who can believe that commitments to reduce spending could survive a long stagnation, with unemployment still high and face the social discontent?"

Wall Street closed up nearly 4% Thursday's meeting, the figures better than expected U.S. employment combined with the strong performance of Cisco allowed to eclipse the fears of the day concerning the debt crisis in the euro area.

The New York Stock Exchange finished up 3.95% Thursday, the Dow Jones Industrial winning 30 points to 11143.31 423.37 points.

The S & P-500, wider, took 51.88 points, or 4.63% to 1172.64 points.

The Nasdaq Composite Index was up 111.63 points for his side (4.69%) to 2492.68 points.

The day before, heavy speculation about the systemic risk posed by the French banks and rumors of deterioration in the sovereign rating of France had the Dow Jones plunged 4.62% to a low of nearly a year, after a volatile session.

The U.S. Index Standard & Poor's 500 benchmark fund managers, lost alone more than 710 billion dollars of capitalization this week after clearing 850 billion the previous week.

The decline of greater than expected weekly jobless (395 000 against 400.000 expected) has brought relief to markets, while another statistic published simultaneously showed an unexpected widening of the trade deficit the United States, its highest level since October 2008, due to a decline in exports and imports indicating a slowdown in global demand.

Values, Cisco has jumped by more than 15.95% after announcing on Wednesday after-hours trading better than expected quarterly results.

The food group Sara Lee fell after reporting a decline in sales volumes, sealed by price increases to offset the rising costs of raw materials.

The title of Sara Lee has lost 1.27% after dropping to 7.6% during the session.

AOL has finally announced a program to repurchase up to $ 250 million, with the intention to revive investor confidence in its action, which fell 32% in two days.

After the announcement, soared as 22%. It closed up 12.23%.

The new car registrations in France were charged in July the fourth consecutive month of decline, and the Committee of French Automobile Manufacturers (CCFA) maintains its forecast of a decline of 8% to 10% of the market this year with the end of scrapping.

The CCFA said Monday that new car registrations in France fell by 5.9% last month to 159,945 units. July 2011 had counted 20 working days, one fewer than in July 2010, the decline in comparable number of working days (CJO) stood at 1.2%.

"July is an important month for the market before the August break, performance remains quite good," said a spokesman for the CCFA."It turns well to a decrease of 8% to 10% throughout the year as it will be impossible to trace levels of late 2010."

The French market continues to nibble advance acquired in the first quarter, delivery period of the last cars ordered before the end of the scrapping. In the first seven months of the year, it remains still rising, but only just (0.2%).

Demand is traditionally strong in July before the last burst of holiday departures. In June, the market shrank from 12.6% in raw data – and 3.9% on CJO.

"No real surprise in July, a small decline.The market is now entering a phase worst, with a second half ahead mechanically more difficult, "said Philippe Barrier, industry analyst at Societe Generale.

THE PRODUCT MIX OF BENEFIT TO FOREIGN

The scrapping has benefited mainly small cars and French manufacturers, which is a great specialty, the 'product mix' has rebalanced toward larger models since the end of aid.Foreign manufacturers such as Volkswagen's German (7%) benefit.

In July, registrations French manufacturers have fallen by 9.3% – those of PSA Peugeot Citroen fell 7.0% and Renault's 12.4% – while sales of foreign manufacturers have declined only 1.2%.

Of these, however, Italy's Fiat showed a fall of 22.8% across the group because of its high exposure to the city car segment.

The performance of the Renault group in the past month hides a wide disparity between the low cost brand Dacia (-48.8%) and diamond brand (-2.7%).

Dacia continues to suffer from supply problems in diesel engines because many manufacturers in Spain and Turkey fail to keep up with demand, and the fall in sales of LPG Sandero since the abolition of the government bonus for this type of engine.

In contrast, commercial offers for motorists to shift to diesel fuel to alleviate the supply problems have borne fruit on the Renault brand.

The market for light trucks for its part, experienced declines of 11.8% unadjusted and 7.4% on CJO, reflecting the slowdown in economic activity during the summer.

However, registrations of trucks still rose 34.6%, this segment continued to benefit from favorable comparisons because the restart was later.