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Germans advocate a nap at work

A small cultural revolution awaits German companies. In defiance of German prejudices about the South on suspicion of engaging in one guilty of "dolce vita" in numbing the Mediterranean sun, a leader of the German DGB trade union confederation considers that every German should have the right to take a nap on the workplace. "A siesta reduces the risk of heart attack and can replenish your energy," pleads Annelie Buntenbach, a member of the DGB executive committee and board of directors of the Employment Agency.

In a country facing the shock of the falling birth rate, the idea does not seem totally crazy to arrange an aging workforce. Especially a nap of half an hour would also increase efficiency at work payday advance lenders… and thus competitiveness."The midday rest time can compensate for poor performance and when the risk of accident is higher. Nap improves the efficiency, responsiveness and mood, "said Jürgen Zulley, professor of biology at the University of psychological Regensburg.

The debate arises when Angela Merkel said that Southern Europeans are less frequent at work than the Germans. A theory refuted by the OECD statistics, in which the average annual working hours of German (1390 hours) is less than that of a Greek (2119 hours).

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The IMF releases 3.2 billion euros for Greece

The board of the International Monetary Fund (IMF) met Friday in Washington, approved, as expected, the release of a new tranche of 3.2 billion euros for Greece.

It is in addition to 8.7 billion euros released a week ago by the European Union. This round of 12 billion euros is the fifth of the rescue plan 110 billion approved last year. It should enable the country to repay much of its debt maturing July 15 (EUR 2.4 billion to good six months) and 22 July (2 billion euros good for three months).

But Greece, the public debt (354.5 billion euros at end March) shook up the United States, is not out of the rut.Athens calls for a hue and cry a second bailout, a value equivalent to the first, or 110 billion euros, for which the Europeans require the participation of the private sector. A meeting of the Eurogroup in Brussels next Monday, followed by a council of finance ministers the following day was supposed to define its contours. But it will not succeed, as the differences remain significant even within the Union. At best, a decision is expected in mid-September, confirmed the new Greek Finance Minister, Evangelos Venizelos.

Taboo

For many scholars, starting with the rating agencies as criticized in recent days, the private sector's contribution to the recovery plan would resemble a Greek default, since creditors will not get their refunds in time and hour.A nightmare scenario that Europeans seek to avoid at all costs. Without having yet found the parade.

And meanwhile, some still waving the event of a release of the euro area. An expert in Brussels who had requested a report before he leaves office, a judge at the end of the decade "there may well still have 17 members, but the question is whether this will be the same that 'today. "

The subject is taboo, but if Greece were to be found in default, many experts believe that the only way to redress the country's economy would be a devaluation, and thus an exit from the euro. This had been done in Argentina in 2002, winning its currency, the peso, the U.S. dollar.

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The player has to use default in the articles of figaro business cards design.fr. maj3

Siemens will pay 648 million in Areva

AREVA will be able to breathe. His former ally Siemens will pay him $ 648 million plus interest by a fortnight, following the breakdown of an agreement between the two groups. Chamber of Commerce (ICC) has in effect made public last night the penalty imposed by the German group for a case that began in March 2009.

Two years ago, Siemens has decided to withdraw from their joint venture Areva NP owned 34%, after failing to take a larger share. The German group did not then expected to reach an agreement with Areva output to form a new alliance with Russia's Rosatom nuclear.

Siemens has thus not met the terms of predetermined separation between the two groups no teletrek payday advance. The French decided to launch an arbitration against Siemens, liable to a penalty of 40% of the value of the shareholding of Areva NP.

The ITC has agreed with Areva and Siemens believes that has broken the pact of shareholders. The German group scoop the maximum penalty, a penalty of 40% of the value of its stake in Areva NP. The 34% share capital of Siemens Areva NP was valued 1.6 billion euros in March, when Areva took over Siemens' share in Areva NP.

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The temporary assignments are becoming shorter

The acting continues to support job creation. In progress since March 2009, this indicator is very sensitive to the economic climate has again registered an increase in the month of March, according to the employment center. It rose by 0.6% over one month and 14% in one year. All sectors recorded an increase in their numbers acting, except construction, affected by the reduction in tax benefits related Scellier. In 2010, the interim had already jumped over 20%, explaining to him almost every single job creation.

The job market is fragmented, however, still more: in parallel with an increase in temporary employment in total employment, the tasks assigned are becoming shorter. For three years, their average duration is in steady decline: 10.1 days in 2008, 8.9 days in 2009, 8.7 days in 2010.Missions of less than two weeks, which constituted 81.5% of contracts in 2010, are growing steadily, employment center is in a note. As for very short assignments that do not exceed the day, they accounted for a quarter of that date the temporary employment total.

Seniors join the ranks of temporary

If all sectors and all age groups are affected by these developments, the elderly are most affected. The average duration of a mission returned from 10.4 days in 2008 to 8.3 days in 2010 for over 50 years. Sign of growing insecurity of job market, older workers are also more numerous (7.6% in 2010) to swell the ranks of temporary staff, as well as managers and associate professionals (8 , 3%).

Even among workers, skilled gradually supplanting the unskilled.Youth and workers, however, continue to provide the bulk of temporary staffing. A further positive sign: as the economy recovers, temporary assignments frequently lead to a more permanent contract, CDD or CDI. According to a poll released Thursday and conducted by Prism, the union for professionals in the interim, and the Observatory of business and employment, 29% of temporary workers were hired in March 2011, against 20% in 2010.

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Oil prices ended the week below $ 100

Doubts seize the oil markets this weekend. On the New York Mercantile Exchange (Nymex), the price of a barrel of light sweet crude for June delivery broke down the psychological barrier of $ 100 on Thursday. He confirmed his decline at the close on Friday. After a session of ups and downs, it closed at 97.18 dollars.

On the whole week, the barrel has lost 14.7%. This is the largest decline in weekly percentage terms since the week 19 December 2008 when prices fell by 26.8%.Prices had not changed at these levels since March 16, when the uprisings in the Arab world and worry about the nuclear crisis in Japan had made prices soar.

The downward trend is the same on the Intercontinental Exchange in London where a barrel of Brent North Sea crude for June delivery traded at 108.42 dollars, down 2.38 dollars compared to Thursday. These days, the decline was due to analysts' pessimism about the future numbers of jobs overseas.

Surprise contradictory indicators, the U.S. economy created more jobs than expected in April (244,000). Nevertheless, a barrel continued to decline in early trading, before settling at around 99.45 dollars in mid jouréne in New York.Job creation does not erase the bad macroeconomic indicators released in recent days, suggesting that the recovery remains fragile.

On Thursday, investors are learning that new jobless claims in the United States increased sharply during the last week of April, 474,000 applications for allocations, while economists were expecting a decline. The day before, the numbers of firm ADP showed that job creation in the private sector in the United States slowed in April, well below forecasts of economists.

These announcements point to a decline in oil demand in a context of high oil prices. In addition, a continued rise in U.S. oil inventories, which should have been starting to fall a few months of the summer of large displacements.

In this context, the sharp rise in the dollar makes things worse.Thursday disappointed by the decision of the ECB not to raise interest rates next month, traders got rid of their euros. Result: the single currency, which was worth $ 1.49 yesterday, falling almost 2% to 1.4547 dollar. A situation which penalizes the purchase of dollar-denominated crude and thus rendered less attractive.

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Wall Street moves slowly

U.S. stock markets opened very slightly up on Tuesday. The Dow Jones gained 0.22% to 12,507.01 points, the S & P 500 is 0.40% to 1340.65 points and the Nasdaq rose 0.34% to 2835.44 points. On Monday, the NYSE has done in a piecemeal, beginning with one week ahead caution particularly busy, with many corporate earnings and a crucial meeting of the American central bank (Fed).

Investors should still be cautious on Tuesday. The week promises to be loaded into effect as macroeconomic and microeconomic levels.United States, some 180 companies in the Standard & Poor's 500 and eight of the Dow Jones must publish their first quarter results, including those from Amazon today, Coca-Cola and Office Depot.

Beginning of the Fed meeting tonight

The U.S. central bank meets from this afternoon and on this occasion could provide guidance on its strategy for ending the crisis so that its measures to support the economy come to an end late June. The U.S. central bank should maintain its interest rates between 0% and 0.25%, a threshold at which they have been held since December 2008 to reinvigorate the economy. On the other hand, the buyback program to $ 600 billion of debt the Treasury launched in November would go to its closure in June, in accordance with the wishes of the majority within the Fed.Markets also expect to see for the first time in the history of this institution almost centenary, the Fed chairman to answer questions from reporters after a meeting of the Monetary Policy Committee.

Housing prices in the United States continued to decline for the eighth consecutive month in February, 0.2% from January, according to the monthly Standard and Poor's / Case-Shiller index released Tuesday.

On the foreign exchange market, the euro rose slightly from 0.21% to 1.4610 dollar.

Oil prices were little higher on Tuesday at the market opening in New York, a barrel of benchmark winning 7 cents to 112.35 dollars, still supported by a weak dollar and tensions in the Middle East and North Africa .

Boeing: 0.21% to 75.06 dollars

The side of values, the investigators of the National Transportation Safety Board (NTSB) said in a statement it had found cracks in the fuselage of the Boeing 737-300 Southwest Airlines involved in an incident in early April, and problems on the rivets .

Oracle: -0.12% to 34.79 dollars

The IT group and Oracle software has announced the departure of its CFO Jeff Epstein, whose duties will be assumed by its co-president Safra Catz, who was both his direct supervisor and his predecessor.

Yahoo!: -0.23% to 17.07 dollars

Yahoo! announced Monday the acquisition of very young IntoNow company, which launched on January 31 an application for iPhone to connect to family television programs we are watching.Financial terms of the transaction were not disclosed, but the news website TechCrunch specialized evaluation between 20 and 30 million dollars.

General Electric: 1.07% to 20.10 dollars

The U.S. Department of Defense has terminated a contract from General Electric and Rolls-Royce for a replacement engine for fighter jets F-35.

Also note, the White House lashed out Monday night that U.S. oil companies will announce this week their profits when gasoline at the pump is at its highest in three years.Exxon Mobil advance of 0.19% to 86.38 dollars, Chevron gained 0.13% to 107.56 dollars and ConocoPhillips takes 0.17% to 80.62 dollars.

Goldman Sachs 0.21% to 152.52 dollars, Morgan Stanley: 0.47% to 25.90 dollars

A group of creditors of Lehman Brothers Holdings, led by Goldman Sachs and Morgan Stanley, introduced in turn before the bankruptcy court in Manhattan plan to restructure the bank, the third since the collapse of the facility in September 2008. It provides a recovery rate of over 40% for the creditors of the derivatives business at Lehman, which include the designers of this new plan, and a rate of only 16% for bondholders. The plan is very different from that filed in December by a group of bondholders, led by Paulson & Co. under which creditors would recover only derivatives that 25.7% and 24.5% of bondholders.Lehman has also filed its own restructuring plan, presented as a compromise. It provides a recovery rate of 34% for the creditors of derivatives and 21.4% for bondholders.

In Paris, the anxiety of eating sushi

At Kiriko, a Japanese restaurant in the ninth arrondissement of Paris, this chef is adamant since the disaster Fukushima, "attendance has dropped from 20 to 30%. A few yards away, in Yokohama, the conclusion is the same. Another borough, figures identical to Kyotori between Place de la Bourse and the Opera, "we lost a third of customers." Even if he refuses to disclose its revenue, the head of another Japanese restaurant says: "In recent days, a lot of customers are asking for certificates on the origin of the fish we use in our sushi. "

Aurelian, a young 26 year old Lille, is one of many suspicious. "Even in normal times, when you see the television reports on Asian restaurants, it makes you skeptical.Where do the fish, seaweed, sauces, rice …? We do not know anything. "

Few Japanese fish imported into France

The ignorance of consumers about the origin of the products they use, just that battle Alain Bailly, Director of Counter ocean, a company based in Rungis, providing no less than 300 sushi restaurants. "The lack of communication and transparency creates among consumers a deep sense of doubt and anxiety, when in reality, almost nothing is anywhere in Japan." What pushed this company to send a communique to all its customers, recalling that "the salmon comes from Norway, tuna in the Indian Ocean, the Mediterranean sea bream, mackerel and mullet from France …». A reminder that some restaurants have not hesitated to affix labels on their windows.In fact, among the products commonly used in Japanese cooking, only some wasabi and seaweed from the country of the rising sun. "And yet, one can easily find from the USA, China or Korea," says Alain Bailly.

When contacted, the European Commission recalled that on his side since the end of March, all food products from the area near Fukushima are subject to health checks reinforced from Japan, and are re-examined upon arrival on European territory. As the Ministry of Agriculture and Fisheries, services stressed that only 450 tons of marine products in Japan have been imported into France in 2010.

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Customers, equal access to Internet

Customers should they pay more for their Internet access if they over-consumption of online video? Providers of Internet access they can slow the rate of subscriber connections that download on the Internet? No and no, slice the report of the mission on the neutrality of the Internet and networks, introduced Wednesday by deputies Laure La Raudière (UMP) and Corinne Erhel (CBC) Economic Affairs Committee of the National Assembly.

Anxious to "protect the Internet" in its current form, they detail the nine principles that should ensure an open Internet or "neutral" for Internet users. Proposals trenches that contrast with the approach of a "traffic control" as proposed by the Minister of the Digital Economy, Eric Besson.

The cornerstone of this report is the inclusion in the law, the principle of net neutrality.Its definition could be slipped in the Postal and Electronic Communications: "Capacity for Internet users to send and receive the content of their choice, or use the services to run applications of their choice, connecting the equipment of their choice (…) with a transparent quality of service, adequate and nondiscriminatory. "

The report also estimates that only obligations of a judicial or security must justify blocking access to the Internet. Therefore, access to file sharing sites should not be blocked upstream. "The network would not be neutral if the peer-to-peer was degraded," say the MPs, because peer-to-peer is used both to pirate music or movies that innovation as Internet telephony Skype.This does not apply the law to hackers.

Participate in financing

It does not include the principle of network neutrality into law, it is still necessary authority to enforce it. This authority could be the policeman telecom Arcep or judge. The authority will be particularly responsible for preventing telecom operators to restrict access to Internet content. The report wants to "reserve the term Internet access to only deals with the principle of neutrality."Thus, a mobile operator could no longer sell "unlimited Internet packages" when consumption is limited for example 500 megabytes per month or if it refuses to install applications like Skype Internet telephony.

If equal access to the Internet and is ringfenced from the Internet side, it remains to ensure services for publishers – video platforms, social networks, connected TV applications. For the service providers, the report proposes to "further reflection" on their participation in the financing of the Internet and network investment. He claims such a precise study of the costs of increased traffic on the Internet.Where appropriate, the report recommends that a mechanism by which sites get the traffic (such as YouTube, Google, Facebook, Skype …) are involved in financing networks by paying a kind of right of way. "It would stabilize the cost sharing of the network … and could encourage smaller players content," the report said. But it's a story at the European level.

Brazil Embraer sells 35 in China

These are two engines of global growth are meeting this week in China. The president of Brazil Dilma Rousseff meeting today with his Chinese counterpart Hu Jintao in Beijing.

Hours before the arrival of the Brazilian president, business partnerships already announced. Chinese airlines have ordered 35 aircraft and Embraer E190. This order is valued at 1.4 billion dollars, since each device costs $ 40 million at list prices. Of the total number of aircraft ordered, twenty are for China Southern Airlines and fifteen join Hebei, a small regional airline.

The contract was signed by Ministers of Industry of both countries during the visit of Dilma Rousseff. China has also expressed its intention to invest ten billion dollars in soybean production in Brazil.Beijing is the largest importer in the world.

Out a role of mere suppliers

In post for just over three months, Dilma Rousseff hopes to strengthen trade ties between the two emerging powers guaranteed payday loans. Brazilia seeks out a relationship of mere supplier of raw materials for Beijing, while "Made in China" products flooding the Brazilian market.According to the China Business News, the Brazilian head of state has already expressed its intention to propel Brazil to the rank of major trading partner of China.

During his five-day visit, Dilma Rousseff must also attend a summit BRICS (Brazil, Russia, India, China and South Africa) to be held in the south on the island of Hainan.

Moreover, the "BRIC", the four large countries 'emerging' economic boom: Brazil, Russia, India and China are expected to occur this weekend, April 14, to développerleurs trade.

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