A small subcontractor attacks BNP Paribas

18th March

 

When David attacked Goliath … The BFD software company, building on its 4 million euros in annual turnover and its 37 employees, went into battle against BNP Paribas, which displays 6 billion euros of profit on the clock. According to Le Parisien, she accused the banking giant to have poached one of its engineers in order to terminate a subcontract of 900,000 Euros. The story began when BFD, who worked for three years developing a computer program to BNP Paribas, has suddenly learned earlier this year that this contract would not be renewed. But Philip Michelin, the boss of the company, ensures that negotiations were on track. "I had even planned to mobilize more than five employees on this issue," he tells Le Parisien. Finally, it has laid off four people.

Bad news never comes alone, the boss of BFD was later discovered that one of its best engineers left him to join the ranks of BNP Paribas. Strange coincidence: the employee, who worked for the computer company for twelve years, was supervisor of the BFD program that developed for the bank, called Easy Doc, whose purpose was to enable employees to share their knowledge. "He knew by heart the project. If BNP Paribas has poached is to continue development of Easy-Doc is from our services, "protested Philip Michelin. Sickened, he adds that this hiring is even more "unacceptable" that the contract between BNP Paribas and BFD included an "opt-poaching".  

BFD, which further argues partnerships with other major banks like Societe Generale, Natixis, Credit Agricole and HSBC, does not stop there. The company complained to the High Court. Bailiffs have made a seizure of computer equipment, February 1, the antenna of Montreuil, Seine-Saint-Denis, BNP Paribas. "We are looking for emails that could prove that the bank has canvassed the employee," says Philippe Michelin daily. BNP Paribas, meanwhile, declined to comment on "a judicial proceeding."

ALSO READ:

"Bonus plummeting in French banks

"Banks: Justice disavows the Competition Authority

"BNP Paribas: 6 billion profit despite the crisis

Free Mobile network disrupted

3rd March

 

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.

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 new tablets are the original

1st March

 

Apple plays spoilsport. Tuesday night, while most manufacturers of tablets showed their latest Mobile World Congress in Barcelona, ​​the media were invited to attend the following week, the launch of the next iPad from San Francisco.

For four days, the electronics giants have yet done everything to make us forget the iPad and mark their difference. Two of them, Samsung and LG, have chosen to deliver their new tablets with a stylus, following HTC, which was launched in the last year in this niche. This accessory, which allows you to write or draw and more accurately on the screen, is rejected by Apple, who believes only the touch screen.

Much of the Samsung booth and was dedicated to the Galaxy Score, available in two versions. The smallest, launched in October, is midway between the tablet and smartphone (screen 5.3 inches diagonally) and can act as telephone. The new model, twice as large (10.1 inches), is a format closer to the iPad. Samsung will install software specifically developed for the stylus and a suite of creative software designed by Adobe.

LG, whose stand was a short walk from the Samsung, also gave a large place with a touch pad accompanied by a stylus. Also able to act as a (big) phone, the LG Vu takes a screen in 4/3 assumed to be more enjoyable to read books or magazines. Initially sold in South Korea, it will come with tools for professionals, facilitating note taking and annotation of web pages.

No innovation in displays

Apple's other competitors, who have not succumbed to the fashion of the stylus, for their part have chosen to focus on the graphics power against the iPad fast cash advance. Chinese Huawei and ZTE, prominent during the Barcelona show, presented every two shelves featuring quad-core chips, twice the current iPad. Asus has preferred him with originality Padphone, a laptop that can turn into a tablet or smartphone.

During the show, no manufacturer has, however, ventured into the field of screen resolution, where the iPad 3 is highly anticipated. The new Apple tablet should indeed be able to display twice as many pixels on the same surface, and achieve the same quality as the high-end smartphones. This type of screen, says "Retina display", is more complicated to produce, and therefore more expensive. It could cause supply problems iPad 3, as the site DigiTimes.

Apple's competitors have proposed no major advances in the software. They are in fact dependent on advances of Android, they do not control development. However, the system suffers from a lack of applications and is not yet as attractive as in smartphones, has recognized the head of mobile at Google, Andy Rubin. In two years he has sold 12 million Android tablets, against 50 million iPad. To reverse the trend, Google wants to encourage developers to write software compatible with all types of screens.

ALSO READ:

iPad 3: the most anticipated developments

"Samsung opts for the technological break

"Smartphones: Chinese manufacturers ambitious for 2012

Bringing the world of high school work

13th February

 

The 200 high school students Guillaume Apollinaire, Thiais, Bossuet at Meaux and Turgot in Paris are attentive. They participate in the third Foundation Forum Responsible growth, on globalization and increased competitiveness of France.

Students and teachers were involved in discussions of the working group chaired by Benoît Habert, Deputy Director General of the Dassault Group. A dozen celebrities, including Denis Kessler, CEO of Scor, Jean-Louis Beffa, chairman of honor of Saint-Gobain, Michel Camdessus, former IMF chief, Henri Guaino, special adviser to the president, were interviewed . "Globalization is. It is binding on us. We must adapt, "says a student of Turgot. "Companies do not take enough young alternately. Quotas should be established, "lamented a student of Guillaume Apollinaire.

"We have focused our thinking on improving the competitiveness of the nation and the attention paid to youth. We selected ten proposals that meet three criteria: be applicable across France, presenting a highly leveraged and have a low or no cost, "explained Christian Poyau, Foundation President Responsible Growth, and Benoît Habert , Chairman of the Working Group.

The Foundation recommends that the fight against illiteracy, which affects 20% of French 15 years, a national cause. She wants to develop proficiency in English for age groups entering the labor market by 2020. She favors a reduction of social security the first two years of first use. "The charges would be eliminated in the first year and reduced by 50% the second year. This could be financed by a puncture of the tax shelter on overtime, "say members of the working group.

National Loan

Other tracks are made for improving the competitiveness of France, as the issue of a national loan of more than 100 billion euros in return for a commitment on the golden rule in 2014. The state may borrow only to invest in the economy. Responsible Growth also advocates a reduction in labor costs by funding lower payroll taxes by half for the 50% increase in the rate of VAT and half by the efficiencies of the social model.

Decided to develop links with Education, Responsible Growth Friday sign a partnership agreement with the three academies in the Ile-de-France (Paris, Versailles, Créteil) so that teachers teaching in colleges and high schools and guidance counselors can do internships in companies of all sizes and all sectors. A hundred of them, including the Figaro Group, supporting the initiative.

ALSO READ:

"1983: Reform of Higher Education Savary

"The obstacles to boost employment in the alternation

Spain reduced the cost of dismissal

11th February

 

"Extremely aggressive." Thus, the Spanish Minister of Economy, Luis de Guindos, described the day before the announcement, the reform of the labor market. A long-awaited reform to lift the country from the spiral of unemployment, also pushed for weeks by the Union européenneet the IMF.

Spain, which displays the highest rate in Europe at 22.85%, passed the 5 million unemployed. If the explosion of the housing bubble has destroyed thousands of jobs since 2008, the failure of the labor market is also challenged. "The system is too much with a dual side highly protected permanent contracts, which are not conducive to improving productivity, and the other fixed-term contracts, very precarious," explicit Gayle Allard, IE Business School in Madrid.

The first part of the reform, presented Friday in the Council of Ministers, aims to reduce the cost of dismissal. The general allowance will be reduced from 45 to 33 days per year of service in the company. It may be reduced to 20 days for a troubled company, which links three semesters without profit. The compensation will also be capped at 24 months regardless of the employee's seniority. The reasons for entitlement to redundancy will also be expanded. The Conservative government wants to tackle the bleeding of youth unemployment that exceeds 48%.

Tax breaks for hiring

Decree-Law provides for the creation of a new permanent contract for an initial hiring of a young unemployed under 30 years. Businesses will benefit in this case a tax deduction of € 3,000 while the job seeker can accumulate 25% of his unemployment benefits with the salary for one year. Tax breaks, EUR 4500, are also provided for the hiring of long-term unemployed.  

The other priority for Madrid is to stop the use of fixed term contracts (CDD) repeatedly, very common in Spain, especially among youth and women. The CSD will be limited to two years. The aim is also to encourage training, another weakness of the country. Each employee should receive a quota of 20 hours.

If the Minister of Employment, Fatima Banez, welcomed "a historic reform" social unrest may still move up a notch. As protests intensified in regions against austerity widespread. "This reform will cost me a general strike", recently told the prime minister, Mariano Rajoy.

ALSO READ:

"The Spanish unemployment at its highest in 14 years

"Spain: labor reform for

8th November

Thunder on Corsica. The Administrative Court of Appeal overturned Monday in Marseilles the public service delegation (PSD) of maritime transport between the island and the mainland, a delegation intended to ensure territorial continuity and with a coquettish grant.

Upon assignment to the SNCM and CMN service contract for the period 2007-2013, Corsica Ferries had attacked him. Peter Mattei, the director general of the company, so savor his victory: "It shows that we were in our right and that has suffered!"

The leader has always considered abnormal grant of 33 million euros allocated by the Transportation Agency Corsican (OTC) for the SNCM ferry for peak periods, in addition to the 66 million allocated for the basic service (cargo passengers and freight throughout the year) to SNCM and CMN.The Court found that there was violation of the European regulation on maritime cabotage.

The "safeguard clause" included in the delegation contract is also in the sights of the Court. This clause makes it possible for companies to benefit from a delegated additional grant anticipated revenue when the contract is not to go. This supplement is considered state aid and tens of millions of euros may have to be repaid.

"An overhaul of the system"

A new bid must be launched for a new contract operational on 1 September 2012. "It will be very difficult to meet this deadline," Paul said yesterday Mary Bartoli, president of the CTA.

The risks of recession are increasing in France

24th October

Disturbing signal. The leading indicator of the economy, the PMI fell to 46.8 points in October, against 50.2 in September, Markit Economics reported. The index, published in draft form, is passed below 50, reflecting a contraction in activity.

"The PMI data are currently consistent with a negative growth rate (of about -0.5 or -0.6%) for the third quarter," that is the beginning of a recession, worries Jack Kennedy, economist at Markit. The French government, which still formally table a growth of 1.75% in 2012, suggested Friday that it has revised downwards this goal.

The contraction in activity has particularly affected the service sector. He has recorded its sharpest fall for 27 months, 46 points, against 51.5 in September. The industry is not much better.Despite a slight improvement, she underwent her third consecutive month of decline, to 49 points against 48.2 the previous month.

"The impact of European debt crisis may be felt on the real economy," says Jack Kennedy. Markit Economics and recorded "a further decline in confidence in the services sector." "The growing uncertainty surrounding the evolution of the economy leads in fact companies to revise downward its business prospects to twelve months, the optimism of the service providers also display its lowest level since April 2009" , notes the Institute for Financial Studies.

Very little sign of hope for a quick turnaround the economy, companies have seen a decline in the volume of new business, "the highest in almost two years," notes Markit Economics.Especially in services, providers are concerned about "the largest decline in new contracts since July 2009." In industry, the decline in sales is that alarm. A trend in both export and domestic market.

Slowdown in Germany

The slowdown in activity is not only France, but also German industry. For the first time in two years, the PMI for the sector fell to 48.9 points in October, against 50.3 in September. Unlike the Hexagon, however, services are able to climb out of the area's 50 points marked a growth in sales, to 52.1 points, 49.7 points against the previous month.Overall, notes Tim Moore, economist at Markit, "uncertainty about the euro area largely explain, according to the companies, investment reports and cuts in non-essential spending."

ALSO READ:

"Crisis of the euro: the French pessimistic

"GRAPHICS – The euro crisis: history of contagion

"The morale of the bosses down slightly in October

The Paris Bourse out of inspiration

12th October

Markets take a breather. After four sessions chained up in a row, the CAC 40 lost 0.25% to 3153.52 points. The volumes remain thin. About 2.7 billion changed hands on the great values ​​of the Paris stock exchange. Operators have benefited from the strong performance of the last day to reap a share of profits.

Lack of energy also in other major European markets, which ended in a disorganized. In London, the FTSE fell symbolically 0.06%, while in Frankfurt the Dax was up 0.30%. Of the European indices, the Euro Stoxx 50 slipped 0.50%.

Wall Street was also on the reserve. In session, the Dow fell by 0.26% and 0.35% Nasdaq clawing. Investor caution was reinforced by the expectation of several major events.In Europe and the United States.

For specialists in Barclays stock, the markets were essentially "focused on the voting Slovakia for the ratification of the European Financial Stability Fund." Slovakia is the last of 17 countries in the euro area to decide. In order for this tool, designed to help fragile countries in the euro area to work, the votes of 17 countries in the euro area is needed.

Opening of the ball results on Wall Street

Febrile, investors have minimal response to green light by the Troika, comprising the creditors of Greece, the release "early November", a new tranche of the loan in Athens, vital for the country low interest rate personal loans.

The outgoing president of the European Central Bank, Jean-Claude Trichet, also dampened investor optimism.He said that "for three weeks, things have deteriorated, the crisis has become systemic."

The launch of the quarterly earnings season in the U.S., added to the uncertainty, while the U.S. economy is idling.

As usual the aluminum giant Alcoa will open the show of these announcements after the close of Wall Street. These publications will tell more about the economic outlook of the world's largest economy, which continue to worry the markets.

Bank stocks up

In Paris, as in the rest of Europe, however, the banking sector continued its forward march.José Manuel Barroso, President of the European Commission Jose Manuel Barroso said on Wednesday that he would "proposals" concrete to the European Commission on the recapitalization of European banks.

Credit Agricole SA has gained 1.12%, BNP Paribas was up 2.96% and 5.28% Societe Generale. Operators, disoriented and obviously out of inspiration, wore special attention to the beliefs of analysts. Vallourec (-1.42%) and Aéroports de Paris (-0.85%) have seen their recommendation downgraded by JPMorgan and Essilor (-3.83%) by Morgan Stanley.

ALSO READ:

"Where is the CAC 40 index

Towards a more fuel tax for farmers

10th October

The president Nicolas Sarkozy is scheduled to visit tomorrow, Tuesday in the Creuse to meet the farmers. The daily Les Echos, they confirm that occasion a very expected: a decrease in payroll of approximately one euro per hour at the minimum wage. This reduction would occur in 2012 and aims to improve the competitiveness of industries that use lots of labor, such as fruit and vegetables. This announcement, however, could be accompanied by a far less popular.

The boost will cost the charges because the state just over 200 million euros. Effort that the government wants to compensate for not widening the deficit. As announced in Le Figaro, the doubling of the tax on sugary drinks should help.The state estimates that from a euro cent to two cents per can, he should recover over 120 million euros. And the remainder, Bercy wishes to the agricultural sector contribution.

Movement of the plane 10%

To do this, the Ministry of Finance, armed with his plane, went through the 40 tax loopholes enjoyed by farmers. Two possibilities were considered. According to Les Echos, the reduction of capital investment (DPI) would be a first option. In its report on tax loopholes, the General Inspectorate of Finance (IGF) emphasized that the device "does not respond only partially to its original purpose to help finance investment." It allows however to 110,000 farmers to reduce their taxes, and farmers are very attached.The government should turn to another niche: the tax benefit for the use of heating oil as fuel. The fuel is taxed at 5.66 euros per hectolitre, against 42.84 euros for diesel, and that niche cost one billion euros per year. So the government is considering a movement of the plane by 10%.

The construction further penalized

To justify this possible movement of the plane, the General Inspectorate of Finance argued that this advantage is at odds with environmental goals, even if it contributes to competitiveness. She also points out that the niche overlap with the tax rebate on energy products, another niche that costs 150 million to the state.

The decision could, however upsetting beyond the agricultural sector. More than the farmers, are in fact the public works professionals who take advantage of this niche.They pick up about 550 million of tax benefits, against only 450 million (300 euros per vehicle) for farmers.

ALSO READ:

"Sarkozy will travel Tuesday in the Creuse

"3.57 billion euros for Agriculture and Fisheries

"Sarkozy of France in the championship tillage

"The challenges FNSEA candidates 2012

"The tax sodas could be doubled

"GAME NEWS –

China discovers the cultural sponsorship

9th October

The Louvre is just a trial balloon. Haier, the giant Chinese electronics and appliances, a partner in the last Asian Film Festival in Deauville, is found now official sponsor of the exhibition "The Forbidden City in the Louvre," while the group Fosun, active in the steel industry, mining, property development, distribution and services, financed the catalog.

"This is the first time that we sponsor an event abroad. Traditionally Chinese companies involved in the financing of aid to natural disasters, earthquakes or floods. They argue that very few art events. But we made several acquisitions in Europe and you want to get closer, "says Jane Zhang, director of brand and strategy Fosun.

This, indeed, holds 9.5% of Club Mediterranean.It has also invested in a chain of jewelry and fashion accessories in Greece. Haier, meanwhile, set up last year, the seat of his European office in Paris. For one as for the other, cultural patronage that they are discovering can be a powerful tool to better integrate. But the payments remain a state secret.

Open the Forbidden City

As many as 350,000 Chinese visited the Louvre last year. The country is now the fifth largest foreign tourists to the museum, behind the United States, Brazil, Italy and Russia. So Wan Jie, head of Artron, specializing in printing, which was not 50 years, is very interested in the Young Patrons Circle of the Louvre.All they need to pay 2,000 euros per year if they are under 40 years beyond 5000 to be included, says Christophe Monin, head of development and sponsorship of the museum.

"The demand from wealthy individual to the corporate philanthropy is very strong in Asia, but their goal is to first do something for their country," says Nathalie Sauvanet, BNP Paribas. In its own way, Chen Dongsheng, president of Taikang Life Insurance, is a pioneer in China. He is a founding member of the China Social Entrepreneur Foundation and one of the best friends of the owner of Fosun, Guo Guangchang. He believes that "companies need to focus on modern culture."

It is also believed that Wang Yamin, deputy director of the Museum of the Forbidden City in Beijing. It does not hide it, the Louvre gives him ideas. The palace is full of treasures that can not hardly watch the public.They are crammed into the reserves of the City. If he succeeded in attracting Chinese businesses, it could more easily escape by appealing to the state. The tourists would stay longer when on the site. "The Forbidden City needs to develop cooperation with private companies," he pleads.

Christophe Monin, for whom "patronage is essential today," just waiting to help. But in the meantime, the Louvre would like to create a Chinese version of its multimedia guide … he hopes to be financed by entrepreneurs from the Middle Kingdom.