World Articles

Two regional leaders of Lidl Ile-de-France – Nord were placed under judicial supervision. They are suspected of discrimination in hiring, reports Le Parisien. They have ordered the makers of their 70 stores not to recruit persons of foreign origin in residence with "privacy and family life." A woman dismissed on this ground a complaint. The trial will be held August 18. The accused may three years in prison and 45,000 euros fine.

Refuse these cards have been living as a principle in the network Ile-de-France – Nord "at least six store managers will spread to the investigators," said Le Parisien. The staff representative UNSA, Fatiha Iraki, would have met "some thirty CV repressed," she told the newspaper.Lidl Why would he conducted such a wage policy? Residence cards "cost several hundred dollars per year per employee," said the steward.

Lidl's lawyer denies the charges: no guidance was given. There are many foreign candidates in the regional management, it is normal that some owners do not see themselves hired, he explains.

On Wall Street, futures contracts on the index set are on the downside, the Dow Jones future lost 0.25% and the S & P 500 future bending of 0.33%. The opening of the session should be marked by a decline after the wrong numbers of job creation in the private sector in the U.S. in May, published yesterday by the firm ADP. These statistics had already weighed on the Dow Jones yesterday, which had thus ended down 0.34% to 12,248.55 points.

Among the statistics to follow this Friday, the unemployment rate in the United States in May is forecast at 8.9%, a slight drop of 0.10 point compared to the previous month. Moreover, employment in agriculture in May should show a marked decline from its April level.Economists expect about 125,000 to 150,000 jobs reported last month, against 244,000 in April.

The Fed does not intend to undertake new measures to boost the economy, according to Richard Fisher, one of its members. In an interview with the Wall Street Journal this morning, the president of the Dallas Federal Reserve believes that "the Fed has done its job" and that if necessary additional stimulus measures, "they must come from elsewhere" .

The U.S. Treasury will sell the 6% that still holds in Chrysler to Fiat. The Italian will thus hold a majority stake in U.S. manufacturer. And the state will pocket U.S. $ 560 million.

Short-term domestic concerns will not prevent operators to remain vigilant regarding the conditions for aid to Greece as part of a new plan, unveiled in principle this afternoon personal business card.

Wal-Mart, Walgreen's and VeriFone to follow

As for values ​​to be followed, one eye will be kept open on Wal-Mart, which holds its annual investor day.

The good results published yesterday by VeriFone Systems should provide a nice progression of the title. The figures exceeded the consensus.

Walgreen announced today, before opening on Wall Street, the level of its sales in May: they rose 7% to 6.08 billion, up 5.6% on a comparable basis.Remember that the title had been boosted on Wednesday by a recommendation by UBS improved, which initiated coverage on the purchase of the title, with a price target of $ 51.

Chevron announced late yesterday that four people died in the explosion of one of its refineries in Pembroke. A fifth victim was hospitalized in serious condition.

relaxation on raw materials

As for raw materials, the pressure falls. In this sector, investors await OPEC meeting next Wednesday, which could lead to a decision by the organization to increase its oil production. Despite the many demands and frequent recently, OPEC had refused to put the issue of increased production in its agenda, and has been for four years.The markets will also tend ear to New York, where the French agriculture minister, Bruno Le Maire, must comment on speculation in commodities, at 18 pm (Paris time).

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It is the purpose and method to achieve this. Tuesday, meeting in camera the prefects of all departments, the Interior Minister, Claude Gueant, set the level to which must be reduced legal immigration in France. "We must collectively work towards halving the cards of employees," he said, adding that "the government's objective is to reduce over the coming year, the flow of legal immigration to 20,000 titles. The minister, in the wake, sent a circular to his prefects that Le Figaro was able to procure. Co-written with Xavier Bertrand, Minister of Labour, the paper on "immigration control work" provides a new interpretative framework for granting or denying a permit to reside outside its national territory under the status of worker.

"Given the impact on employment in one of the most severe economic crises in history," write the ministers must now focus on "a qualitative approach and selective." "Priority must be given to the employability of job seekers here today, whether French or foreign nationality residing legally in France, they take care to specify.

Vigilance

Follows a catalog of requirements for being awarded a work permit, draconian, especially if the applicant is not qualified. "These guidelines are intended in particular to protect migrants against all forms of exploitation," hasten to state ministers.

Thus, the systematic refusal to be the employer who will on behalf of an employee apply for work authorization when that employer will not show "the necessary guarantees to attract and accommodate" a foreign worker. Even negative outcome if the employer has failed once labor laws. The warden will also check the "real existence" of the corporate employer. It will be denied his requests for the least fault. Especially if it has not conducted a "search effective" in its "employment pool" before resorting to foreign labor news. "This research is mandatory," the ministers insist that invite prefects to be vigilant when a student asks to go abroad as professional status.Too many frauds have been identified for overqualified candidates relating to the job.

Tuesday, Claude Gueant assured before his prefects: "Our economy is not a vital need for labor migration in all areas." And he cited the example of the masons. He said "Last year, 730 foreign builders have entered the territory, yet he says, when employment center broadcasts 20 jobs from builders, there are 100 applicants who apply these in France. We can make the same argument for many other businesses, including sectors like IT. "Under these circumstances, the minister concluded" the common sense to give priority to job-seekers already present in France, whether French or foreign nationality.And justice recommends to ensure their working conditions and pay. "

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Rome will soon respond to the warning of the rating agency Standard & Poor's. After that it has threatened Friday night to degrade the note from the Italian debt, the government hinted Monday that he would introduce an austerity plan 35 to 40 billion euros in June, the agency Reuters quoted a government source. If you believe the latter, the date of submission of the measure was advanced to make "a signal to markets", namely that Italy holds the cords securely in its budget.

The Berlusconi government, weakened by recent electoral setbacks, has sought to defy Standard & Poor's. The latter said Friday that, "according to [his] point of view, the current growth prospects for Italy are low, and political commitment to reforms improving productivity seems faulty."Accordingly, the agency changed its outlook on the rating of Italy from stable to negative. There is one chance in three that this warning is followed by a deterioration in the Italian note, currently located at "A +", the 5th best possible. Italy is still far notches -6-category called "speculative".

Low growth

In response, the cost of insuring against a default of the Italian debt, very sensitive thermometer of the market sentiment has surged 15 points Monday, to 176 basis points. "Italy is in the viewfinder of the rating because its growth was disappointing," says Jean-Francois Robin, strategist at Natixis. In the first quarter, the economy has virtually stalled, its gross domestic product (GDP) grew by only 0.1% against 0.8% in Greece, or +1% in France.Italian growth was the lowest in the euro area between 2001 and 2010, also said Monday the National Institute of Statistics of Italy, Istat.

So far, Italy has escaped the wrath of the markets. Its deficit was limited to 4.5% in 2010, one of the lowest in the euro area. "The Italian deficit is supplied mainly by the debt service, which reaches 119% of its GDP," said Jean-Francois Robin. "This level can not satisfy the government, it must still reduce its deficit." Rome wants to reduce the gap between revenue and expenditure to 3% of GDP in 2012 and reach equilibrium in 2014.

Standard & Poor's is the only agency to express reservations about the trajectory of Italian public finances.Her colleague Fitch said Monday morning that Rome had been better than expected its 2010 goals and the country is on track to achieve those he has set for 2011. Moody's has for its part, reiterated that it has no plans to lower the Italian touch.

The International Monetary Fund said on Friday it would open Monday until June 10 nominations for the position of CEO, and he stared for "objective" to appoint his number one "by 30 June."

The Institution of Washington said that its board of directors, meeting in the day, had agreed "a period of applications which starts May 23, 2011 and will close June 10, 2011. "The objective of the board of directors select the director general consensus with the aim of completing the selection process by June 30, 2011," said Fund. Another objective is that this election "takes place in an open, merit-based and transparent," he added. IMF looks for a successor to French Dominique Strauss-Kahn, who resigned Thursday and is being prosecuted for sex crimes in New York.The Fund's detailed plan to follow the procedure that its board of directors composed of representatives from 24 countries and country groups.

Applications must be submitted either by such representatives or by the IMF governors (the finance minister or the head of the central bank in different countries). If there are three or less, they will be revealed at the close on June 10 If there are more than three, they will be kept confidential to determine time preference "by consensus", except by a vote, a shortlist of three candidates in the best position. The two or three candidates who remain will be heard by the Board in Washington. This body will then seek a "consensus" to determine the new head of the institution, "although the board may select the Director General by a majority of votes."

Let say, and especially nothing to show. The Economy Minister, Christine Lagarde, is gradually converge to European support for his name to be the candidate of the Old Continent to the IMF management. Germany has not said anything officially, but if Nicolas Sarkozy presents his economy minister, Berlin's support says it in Germany.

The French may also receive other support weight this afternoon: the head of state held talks with British Prime Minister, David Cameron, and it could send a positive signal by this evening.

The strategy of the Elysee has evolved over the last few hours. Paris does not want to appear as the maneuver on this issue, as the image of France has been tarnished by the DSK case. We simply observe and thus encourage sub hand movements favor Christine Lagarde.

Especially, the executive is awaiting the outcome of the preliminary inquiry about the case Tapie conducted by the Court of Justice of the Republic, which is expected to fall by 4 to 6 weeks. This fits perfectly well with the international agenda: the G8 meeting next week in Deauville, under French presidency could send a first signal for a European candidate, the EU summit on June 23 and 24 could be an opportunity for Europe to appoint their candidate. Christine Lagarde has five more weeks to wait before knowing his fate: Washington or the Court of Justice of the Republic?

LinkedIn assesses its value to three billion dollars in its IPO issue addressed yesterday with the Securities and Exchange Commission, Constable of overseas markets. American professional social network is about to score this month on the New York Stock Exchange.

The startup has warned that its growth could slow in the future, investment is expected to increase the capacity of the site. The site could not even be beneficial shareholder this year. In 2010, it has recorded fifteen million dollars profit on a turnover of 243 million. This income was 78 million in 2008.It has also surpassed the hundred million registered end-March, with 102 million accounts online payday loan lenders.

Some analysts remain skeptical of the optimism LinkedIn whose business model is based on recruiting, marketing solutions and profiles "premium" pay, is very different from sites like Facebook or Zynga, very popular with investors, who rather seek to consume their users via their interfaces. Despite these differences, the IPO of LinkedIn will probably be a good barometer for gauging the success of quotations from other social networks, eagerly awaited.

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Difficult to assess the fortunes of Osama bin Laden, as the opacity of its funding sources has always prevailed. Before the attacks of September 11, 2001, the financial empire's founder and leader of al-Qaida announced until his death last night, was estimated between 30 and … $ 300 million. Only certainty, the first pillar of the wealth of terrorism based on the legacy of his father.

Mohammed bin Laden, Osama's father, made his fortune in construction and public works. At the latter's death in 1967, the leader of al-Qaeda share the inheritance with her 54 brothers and sisters. In all, Osama Bin Laden "received between 12 and 15 million dollars" between 1974 and 1994, according to Yeslam bin Laden, one of his half-brothers.

Present in 35 countries

Some of the funding received has been reinvested in other companies in Saudi Arabia or Sudan, thereby making a profit.Osama bin Laden had created a parent company, Wadi al Aqiz, head of a network of numerous legal societies and implanted in nearly thirty-five countries.

The Ladin International Company, an import and export, Taba Investment and Hijra Construction Company, specializing in construction are among the largest subsidiaries of the businessman terrorist. But these companies also served as cover for militants of al-Qaida. They fund training camps or buying weapons and receive "gifts" from Islamic banks branched through accounts and offshore tax havens.

From multinationals to SMEs

With the end of the first Gulf War in 1991, and the installation of U.S. bases on Saudi soil, Bin Laden decided to conduct a holy war against the United States. Replica of Washington and its alies: its funds are now tracked.Bin Laden fled to Sudan from 1994 to 1996. He bought land, invested in small business. Like the international financial network created in the 1980s, these companies often have two facets. Peanut farm houses a terrorist training site.

Managed well, business does not rotate at best. Bin Laden is forced to lower wages and to sell certain subsidiaries. No matter: "Terrorism is a low cost business," writes the Wall Street Journal in September 2001. The attack against the World Trade Center in 1993, would cost only $ 10,000.

Expelled from Sudan in 1996 under pressure from the Americans, bin Laden returned to Afghanistan. This second exile seems to coincide with increased financial difficulties on the ground. The branch of al-Qaida in London would have experienced problems paying their phone bills.For many decades, "Bin Laden has engaged in activities that eat money, but do not create," says the Saudi dissident Muhammad al-Massari, quoted by the Wall Street Journal.

Still, bin Laden also benefits from the charity to Muslims around the world, but that they know so far that their donations would be used to finance terrorism. Moreover, according to a diplomatic report from 2009 revealed by Wikileaks, the Americans suspect of private foundations in Saudi Arabia, Kuwait and Qatar to finance terrorism without limit. The villa in which Bin Laden has spent his last days, near Islamabad, is estimated at nearly one million dollars.

The law on the reorganization of the electricity market is now back on track. Tuesday morning, confirming the information of Figaro, Eric Besson, Minister of Energy, said the sale price of the EDF nuclear power to its competitors would rise to 40 euros per megawatt hour as of July 1 next, then 42 euro from 1 January 2012.This device, designed to boost competition in France will be considered in a fortnight by the Regulatory Commission (CRE), which must render a reasoned opinion.

Meanwhile, the government clearly adjudicated in favor of electrical lights: it was still estimated at 42 euros per MWh the full cost of nuclear power (operation, maintenance, future investments …), while its competitors, GDF Suez head, had set the bar at 35 euros, in line with the current regulated rates.

The reaction of GDF Suez has been immediate. The other French energy giant said that "this election will penalize customers who will experience increases for electricity prices." Convergence expected by 2015 between regulated tariffs and prices Arenh (restricted to nuclear power history) will increase mechanics first.The consumer association UFC-Que Choisir dread even price shock, "a rumor, according to Eric Besson, which I would like to help twist the fact."

Also in the eyes of GDF Suez, the high level of Arenh prevent the establishment of effective competition in electricity supply in France. In these circumstances, the group will study the consequences of that decision and the possible ways to overcome the narrowness of the market opening in the short term induced by the choices of government. "

Another competing operator EDF, Direct Energy (which serves over 600,000 clients), however, shows less severe. Its president, Xavier Caitucoli welcomes first that law enforcement has not been postponed, as had been discussed earlier this month. "After several years the French market was locked, the start of the competition has really come.At 42 euros, it is possible for a competitive operator, although it will be difficult, "he says.

Seasonality

Xavier Caitucoli, it should also not focus too much on the price of Arenh: "The product is also very important and the fact that the volumes of energy vary according to seasonality will make it attractive." Sub- understood: in winter, when electricity prices are very high on the wholesale market, Direct Energy will be able to provide through Arenh on much more interesting.

In this issue, which collects opinions shared, all players meet at least the fact that the accident Fukushima weighed a heavy weight."Somehow, the government has anticipated that the audit of EDF plants could lead to huge additional costs of maintenance and needed to be reflected in the selling price of electricity."

What was even Pringles Procter & Gamble, one might ask? The famous canned chips, which can be enjoyed in over 140 countries, were the last food brand – apart from the dog food – including shampoos, detergents, batteries and other razors marketed by P & G.

Pringles has found its place in the U.S. food group Diamond Foods, which will triple its snacks segment with the operation. This specialist snacks spends $ 2 saving account pay day loan.35 billion, including $ 1.5 billion in shares, and also takes over a debt of 850 million. Diamond Foods has made several acquisitions in recent years, especially from General Mills, who comes to him, to enter the capital of Yoplait.

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