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The family group is very discreet about its level of profitability, but ensures that the results are sufficient to guarantee its independence and its development without the need for external partner and relatively little use of banks.

Part of the offshore production

"In 2012, the economic environment would be bad in Europe and the United States, recognizes Jean Cassegrain, but we feel no impact in our stores." As a result, the company, which opened 20 stores this year in the world, plans to continue its expansion, even in mature markets. Longchamp is well to open a shop in Nantes. "Our priority is to open boutiques in major European cities in China," says the CEO. Longchamp will open a store in Milan in March.

Most of the people assume all individual health insurance plans to be similar. And it is here they do the mistake.

The Council of State suspended the execution of the decree of September 29 on the sale prices of natural gas, the institution announced on Monday. Gas prices are definitely a real headache for the government. Enact increases in the order of 4 or 5% per quarter is difficult to six months of a presidential election, particularly in times of crisis. So the government there decided by a ministerial decree of 29 September, to freeze the rates for individuals. This price stability followed that decided on July 1.

Problem: after much negotiation, the State and the suppliers had agreed in December 2010 on a formula, which was to end criticism of the political nature of periodic reassessments of gas tariffs.

"The port reform has transformed the relations with the unions

Is more than a breath of fresh air. Thursday's announcement by the second owner worldwide, the group Mediterranean Shipping Company (MSC), a new investment of 160 million euros in the Port of Le Havre is proof that the future of shipping lights is not so dark.

MSC will indeed develop over 1400 meters long, four positions for its container, whose capacity could increase from 14,000 to 16,000 containers per ship. Giants of the seas as MSC, previously installed alongside Bougainville, in the inner harbor of Le Havre was not able to accommodate.

Titanic work

"The equipment we deliver to MSC required a public investment of about 320 million euros.The shipowner in turn will invest 160 million in coatings, rails, gates, new technologies … "lists Hervé Cornede, commercial director of the Grand Port Maritime du Havre (GPMH). The work already started should be spread until the end of 2012. Once completed, they will allow the owner-Italian Helvetic reach an annual capacity of 1.4 million containers.

Port 2000, the new port of Le Havre dedicated to container, was inaugurated in March 2006 after four years of titanic work for an investment of 1.3 billion euros. In total 4200 meters of docks were created. And Port 2000 full show soon, since it has more than 700 feet of docks available.

Officially, there is no need to worry. As it has done from 8 to 19 August, the business daily La Tribune will not appear in his paper between 19 and 30 December. To save printing and mailing. But also to "adapt the model to the new reading habits" on smartphones and tablets, as was justified in September, so afterwards, the managing editor, Jacques Rosselin.

The newspaper argued that the experience of "100% digital" this summer has allowed the site audience to jump by 50%, and digital distribution to reach 7.5% of the distribution paid France the newspaper in September, according to OJD, against 1.9% on average for the national daily press.But internal sources, the picture is less rosy cash advance payday loan.

"We stopped the paper in August simply because there were not enough people to make the newspaper," David Larbre protests, trade union SNJ, which further explains that "the savings to the temporary shutdown of the paper does not really represent much, printing contracts and distribution is negotiated annually. "He said the new ten-day suspension in December does one thing: allow employees to take holidays, after four months of extra work without leave.

Projects stopped

For on all fronts, the situation of The Tribune has not progressed. In protection proceedings since January, the newspaper is always looking for funding estimated at 5 million euros.

During the crisis, tensions continue. The markets had another busy day, Thursday: doubts about the ability of the euro area to overcome the debt crisis have sealed the shares. They weighed on bonds issued by France and Spain led to a further surge in rates especially Spanish and Italian in the secondary market – the debt of "opportunity." The French rate also rose, to a lesser extent, before new Italian bond purchases by the ECB do a general relaxation.

European capitals are still struggling to unite, despite these new turbulence. Or because of them. Thus, the debate on the role of the European Central Bank it off again with a vengeance payday loans.The ECB's independence is considered an insuperable line in a country that is traumatized by hyperinflation of the 1930s. For Berlin, the only way to restore confidence in the euro area is to institutionalize fiscal discipline. Changes in the European treaties must strengthen the powers of Brussels to punish offenders, said Angela Merkel.

The Chancellor reiterated Thursday its opposition to further action by the ECB. "The European treaties such as we see them do not give the ECB the opportunity to resolve these problems," she says.

The government of George Papandreou won the confidence of the Greek Parliament in the night from Friday to Saturday with only three votes in advance (153 votes out of 300). A reprieve for the Prime Minister called for the formation of a coalition cabinet, in a speech before the crucial vote for the ratification of the Europe Agreement Debt of Greece and the future of the country. According to Papandreou, the early elections – that the Conservative opposition was calling for – was a disastrous decision, likely to endanger the payment of the sixth tranche of aid from the European rescue plan.

On borrowed time since the disputed proposal to hold a referendum on the agreement, laboriously adopted at the European summit at dawn on October 27, Papandreou has started to prepare for his release, saying in his speech he was ready to leave office ."My position is the last thing I care about. Even matter if I am not re-elected. (…) I never conceived of politics as a profession, "he said.

The head of government has indeed lost the little credibility he had left with the political elite and the Greek people. Even within his party, PASOK (Socialist), leadership is increasingly contested. The barons of the government are the finance minister, Evangelos Venizelos, Minister of Education, Anna Diamantopoulou, the Health Minister, Andreas Loverdos, lambasted the escape of his responsibilities as representing the call to the people, as unexpected as moved. The abandonment of the idea, which had angered the countries in the euro area was confirmed Friday in Athens.

CEO and American colossus original Welsh, Howard Stringer, missed the turnaround as promised by Sony. For the fourth consecutive year, the electronics group of Tokyo will be in the red. A loss of 90 billion yen (841 million) is expected for the fiscal year ended March 31, instead of a profit.

The various decisions of closures, massive layoffs and alliance with Samsung in flat panel LCD TVs have been failures. Certainly, the fate of the Japanese groups persists. Penalized first by the great earthquake that froze production in the archipelago, they now face a strong yen, measures to save energy drastic floods in Japan and Thailand.Production of television sets will also be halved, falling to 20 million units per year instead of 40 million Payday advance.

For seven years, the business of television is losing. It will be in the red for the eighth consecutive year. And should head out of water in 2014. In this context, the new challenge that has been made in mobile phones seem to be a bit risky. Sony has decided to resume participation in its joint venture with Ericsson joint smartphones.

Of course, the sun never sets on the group. But it is the issue of replacing Howard Stringer, CEO of Sony since 2005, that arises. His predecessors have missed the shift to digital music. Left him spun the televisions and internet tablets. A market where it will arrive late.

His successor will probably be a Japanese.

MEPs adopted Wednesday night special tax on high incomes, who must participate in the return to equilibrium of public finances. As announced, following a compromise between the Assembly and Matignon, mandated after the changeover to the left of the Senate, it will be 3% on income from 250,000 to 500,000 euros, and 4% in excess of 500,000. It will apply until the public finances are in balance. If it retains its provisional nature, it should last beyond 2013 in order not to die better than 2016-2017.

The fee will cover the 26,000 to 27,000 homes, as determined by the general rapporteur of the Budget, Gilles Carrez (UMP).It should bring 410 million euros, according to latest figures, nearly twice that in the version announced by the Prime Minister on August 24.

Rejection of the marginal portion

At seven months of the elections, the vote of the tax as part of the 2012 budget was at high risk. Prime Minister Francois Fillon had in fact called to order the deputies, some of which expressed inclinations tax too pronounced. In Focus, an "amendment Piron," which proposed to introduce an additional tax bracket of 46% for incomes over € 150,000 per unit. UMP deputy from Maine-et-Loire, Michel Piron, was shown last fall by attacking the tax shield. With the help of the president of the deputies of the majority, Christian Jacob, the Prime Minister has finally managed to convince the group which instituted this new band would be a bad idea.The amendment was eventually withdrawn. Taken on the fly by the opposition, it was nevertheless presented to the vote and rejected.

The new center, which has long championed a range of income tax to 45% from 150,000 euros per unit, he has also left his amendment to the closet. The option of withholding tax "is a much harder edge to 45% on income", defended on Wednesday night Charles de Courson (NC).

Charge against ISF

The budget minister, Valérie Pécresse, has in turn highlighted the "justice" of the tax as "a targeted very high incomes in all their components," as calculated "income tax reference." An argument which has not really convinced that the opposition believes that the tax is "cosmetic"."I want you to do a good number throughout the evening by saying" we tax the rich "while in June you have left half of the taxpayers (ISF) for 1.8 billion euros. The movie tonight is to say they are going to take 400 million! "Launched Henri Emmanuelli (PS). François de Rugy (EELV) was also delivered to a small calculation: "A single person earning just under 500,000 euros or 40,000 euros per month, you ask 625 euros a month!", He denounced . Senators will have their turn to vote.The total budget for 2012 must be voted by AUI December 15.

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New blow for the euro area. After Fitch, it was the turn of Standard & Poor's to break down a notch credit rating of Spain, which changes to "AA-". The rating agency also maintains a negative outlook on the country. In other words, a further downgrade of the country can not be excluded.

The agency believes that financial services' growth prospects are uncertain "because of" increasing risks "facing the economy. The agency referred in particular to "the incomplete reform of the labor market will continue to hinder economic recovery." In the view of S & P, Spain could fall into recession next year, with GDP expected down 0.5%.

The fragility of the financial system is also the Achilles heel of the fourth largest economy in the eurozone.S & P is concerned and "a probable further deterioration of asset quality of the Spanish financial system."

The agency also questioned the budgetary targets of the Zapatero government. The Spanish public deficit forecast at 6.2% of GDP for 2011 could be exceeded. As for reducing the deficit to 4.4% of GDP in 2012, it will not be possible without "additional measures".

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"Fear of recession the country will fare

On one stone? Intense negotiations are under way for at least a solution, at least in part, to two simultaneous problems: the failure credit faced by French local authorities, and the fragility of the balance sheet of oversized French-Belgian bank Dexia.

Concordant sources, in fact, Dexia, the Deposit Bank and postal workers, under the watchful eye of the state, to create a new bank, public, local communities. Friday, none of the parties did not wish to make comments.

The new entity will take over long held by Crédit Local de France (CLF), ancestor of Dexia, with mayors, councils and other French regions.Its creation would be an opportunity to ease the minds of elected officials, heated by the explosion of interest on certain loans "toxic", including underwritten by Dexia before 2008. The new state-owned bank could put forward a much more wise.

Above all, his arrival on the market would open the tap of credit to local communities. In a financial crisis, Dexia and its competitors, such as savings banks, Societe Generale and foreign banks have largely abandoned this market in recent months.

The Postal Bank and the Caisse des Depots would hold society together, Dexia that may remain a shareholder.They should also take control of all or part of the loan portfolio of existing communities with Dexia French (70 billion euros) and Dexia Municipal Agency: such operators shall ensure, by means of mortgage bonds, the refinancing of the commitment of Dexia. A new ownership would bring also the financial strength necessary to maintain its "AAA" rating.

Pirouette history

For Dexia, the operation could be an opportunity to significantly reduce its balance sheet totaling more than 500 billion euros personal business card. It has already been reduced by 15% year on year, thanks to the divestment of assets made in the first half. But despite this recent treatment, the group remains fragile, especially in the current distrust of markets against financial groups in Europe.

"The idea is on the table.Its terms are far from being arrested, "said a source familiar with the matter. The role of Dexia, the volume of the transferred assets, their quality – particularly with regard to loans that are the subject of disputes with communities who have subscribed – all of which are still on the table. Many criteria which depend then the financial terms of the transaction.

The reactive pattern of lines of inquiry explored from 2008-2009. Even then, the idea of ​​the deposits of La Banque Postale deal with Dexia loans (assets of French local authorities are placed in the Treasury) was considered. The arrival of the CDC in the capital of La Banque Postale has facilitated the project. The project has also the flavor of a sacred spin the story to the Fund: Crédit Local de France was born of a branch of the Caisse des Depots, which then end up twenty years after a historic activity.But for the CDC, the issue is complex: it has (with the NOC) 20% of Dexia, it has recapitalized with the Belgian shareholders in 2008 to see the action rolled back in recent months. Perform an operation which finally reduces the bank's balance sheet and liquidity requirements would constitute a significant step forward. This is what its proponents would argue with the board, including representatives from Belgium, possibly as early as next Tuesday.