Agreement as “historic” within Opec to limit its output – Boursorama

Opec, meeting in Vienna, manages to reach an agreement to reduce its production of 1.2 million barrels per day ( AFP/Archive / JOE KLAMAR )

Opec, meeting in Vienna, manages to reach an agreement to reduce its production of 1.2 million barrels per day ( AFP/Archive / JOE KLAMAR )

This is the first time since 2008 that the 14 countries of the cartel agree to limit their production, cutting short the pessimism of many observers.

The secretary-general of OPEC, Mohammed Barkindo of Nigeria in Vienna on 30 November 2016 ( AFP / JOE KLAMAR )

This agreement has resulted in an increase of nearly 10% of the course of the black gold on the New York Mercantile Exchange, where a barrel of WTI, the benchmark american crude, took 4,21 million dollars, or 9,31% to 49,44 dollars on the contract for delivery in January. Oil prices were also oriented slightly upward on Thursday morning in Asia.

The markets also welcomed the announcements in the European union: 17: 05 GMT, a barrel of Brent North sea for delivery in January was worth as well 50,10 dollars in London, an increase of 3.72 dollars compared to the end of Tuesday.

Overall, the stock markets have also welcomed this agreement, opening up of 1.34% for the Tokyo stock Exchange Thursday morning, and 0.40% for the stock Exchange of Hong Kong.

“This is a very good agreement, to my own surprise!”, has recognized Bob Yawger, from Mizuho Securities, New York, in summarizing the general sentiment on the market.

Oil : agree to reduce the production ( AFP / Jean-Michel CORNU, Simon MALFATTO )

The agreement will be effective as of “1 January 2017″, said the minister, qatari Energy Mohammed Saleh al-Sada, who presides over the conference of the Opec, referring to a decision “historic, which will certainly help to rebalance the market and to reduce the glut of inventory” of oil.

Opec, he said, will reduce its production of 1.2 million barrels per day, bringing its ceiling to $ 32.5 million barrels per day”. In October, the cartel had produced 33,64 million barrels.

And the organization should be, as she wished to, result in its movement in Russia, the world’s largest producer of oil, which is “committed to reduce by 300,000 barrels” production, announced by the minister of qatar, after a meeting in the austrian capital.

itemtype="http://schema.org/ImageObject" src="http://s.brsimg.com/static-1480537089/cache/i/content/images/a/0/9/a099fc0c33df8c4f8c7af763d8993b75-627x440.jpg" title="Conference of the Opec in Vienna, on November 30, 2016" width="627">

Conference of the Opec in Vienna, on November 30, 2016 ( AFP / JOE KLAMAR )

Moscow confirmed Wednesday evening its intention to participate in the effort if the cartel keeps its commitments. Russia would thus contribute to half of the target reduction volume (600.000 barrels) applied to countries outside of the Opec.

The agreement concludes weeks of intense negotiations like a poker between Riyadh, Baghdad and Tehran. Saudi Arabia had announced clearly that it will not agree to reduce its production if Iraq and Iran, 2nd and 3rd respectively producers in the cartel, did the same.

- world Inflation “more healthy” -

In practice, the largest declines in production will be supported by saudi Arabia (-486.000 b/d), Iraq (-210.000), the united arab Emirates (-139.000) and Kuwait (-131.000), the largest producers apart from Iran, according to a document released by the Opec.

Iran has been successful and will be able to increase its production of 90,000 b/d to 3.8 million. Its oil minister, Bijan Namdar Zanganeh, made a sign of victory in front of journalists as he left the headquarters of Opec.

in Addition to Iran, who wants to be able to take advantage of the lifting of economic sanctions against Libya and Nigeria are exempt from the limitations due to the conflicts that they face, and their impact on their finances.

Indonesia, which has refused to endorse the agreement, has seen its membership to Opec, “frozen”.

The Vienna agreement reflects the commitments made by Opec at the end of September in Algiers, where the ministers of the cartel had set a goal of lowering their production of 32.5 and 33 mbj.

In general, the agreement will boost inflation worldwide at a rate “more healthy”, including the United States, said Mohammed Saleh al-Sada.

With the effort made by the Russian federation, its implementation should lead to a reversal of the structural surplus of production, which fell flat courses for the past two years.

analysts skeptics have cautioned, however, that the application of the limitations must be closely monitored, because no sanction is provided for the offenders.

If the prospect of a fuel more expensive will not rejoice not motorists, the expected increase in price is expected to relieve the budgets of the oil countries.

The big producers of the Opec, Saudi Arabia in the lead, had long supported a strategy of low prices, hoping to lock out competitors, including producers of oil shale in u.s. and regain market share.

But even the public finances of the rich Saudi Arabia, had ended up suffering the effect of the low price. And the fall in oil revenue has exacerbated an economic situation that is already dramatic in Venezuela.

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Oil : the five dates that have marked the history of Opec – The Echoes

Since its birth, the message of Opec is clear : to support the price of oil. Indeed, the cartel was born in 1960 at a conference in Baghdad to the initiative of Venezuela and saudi Arabia, both dissatisfied with the purchase price of the barrel (around 5$ ) imposed by the oil companies. They decide to create the Organization of petroleum exporting countries, which was joined by Iran, Iraq, and Kuwait. Today they are 14 members. To regulate the course, the cartel uses primarily the weapon of the faucet. According to the IFP Energies nouvelles, Opec intervened in the market more than 50 times by regulating its production since 1980 : 22 times at the lower and 27 times higher. This Wednesday, the organization has reached a new historical agreement to support the course.

1973 : the Closing of the valves

A war and the first oil shock mark this year. The barrel is abruptly increased from 3 dollars to about 12 dollars. This increase is the result of a significant reduction in production and an embargo against the United States that supported Israel during the yom Kippur war between the young State, to a coalition led by Egypt and Syria.

1979 : The second oil shock

This time, the organization as such is the main responsible. In 1979, if the price per barrel goes up to $ 40, this is mainly because of the iranian revolution, the war between Iran and Iraq, but also due to the revival of the global economy and therefore oil demand.

1986 : The first counter-shock

at the end of the 1980s the supply is abundant, and the demand is low. In spite of the weakness ” in the price of a barrel has each time upheld by the sole virtue of the decisions taken by Opec to reduce its production “, says the IFP. But in the fall of

1985, saudi Arabia wants to take liberties on the quantities being pumped out. The black gold unscrews and drops under 10 dollars. An agreement in the summer of 1986 allows to stabilize the price which will go up around $ 17 in 1987.

2008-2009 : Three production cuts

With the emergence of China in the years 2000 and with a continuously growing demand, the oil rises to the top and even reached the $ 140. The financial crisis puts a stop to this incredible increase. The barrels fall to less than $ 35. To arrest the fall, Opec decided to reduce its production of 4.8 million barrels per day in three times between the end of 2008 and beginning of 2009. The oil goes back above $ 50.

2014 : Opec decided to let pass the course

With the development of gas and oil in shale in the United States, the global supply greatly exceeds the demand. In mid-2014, the courses go from 110 to 75 dollars.Major turning point, in November 2014, the organization decides to no longer support the price. The strategy is to protect the market shares of the cartel and to kill the american production with a barrel too cheap for producers across the Atlantic.

Vienna – Opec wants to do everything to avoid the impasse in Vienna – The Express

“We do not know (if a deal will be concluded). We will find out during the meeting. I think the mood is generally optimistic and positive,” said the saudi minister of Energy Khalid al-Falih, just before the start of the meeting of the fourteen members of the Opec.

In a last-ditch effort of conciliation, the ministers met for an informal breakfast meeting, hoping to reconcile the points of view in order to set quotas by country intended to boost crude prices, depressed by a glut of supply since the summer of 2014.

The minister emirati Energy Suhail al-Mazroui also wanted to positive after these first discussions : “everyone is working really hard, we expect to have a meeting really positive and I hope we give you good news when we are finished“, he started.

His iraqi counterpart Jabbar al-Louaïbi was assured that there were “hope, lots of hope” and iran’s minister of Oil, Bijan Namdar Zanganeh, has also said, “optimistic“.

buoyed by this hope, the price per barrel of Brent for delivery in January were sharply higher on Wednesday in the european exchanges, winner 2,41 usd compared to the end of Tuesday, at 48,79 dollars, and WTI for the same maturity was 2,17 $ 47,40 dollars, up respectively 5,20% and 4,80%.

An agreement for the limitation of the production is claimed by the countries most dependent on oil export revenues such as Nigeria or Venezuela, but he stumbles on the strong rivalries between Iran and saudi Arabia, and the precarious situation of some producers, in war, like Iraq and Libya.

the ministers of the Opec had set the goal, two months ago in Algeria, to bring back their production of 32.5 and 33 million barrels per day (mbd) and to reach an agreement with other major producers, notably the first of them, Russia, is said it supported the principle.

But Moscow, which has agreed to limit but not reduce its production, repeated Tuesday that it was necessary, first, that Opec would reach consensus among its members, before pushing the discussion further with the organization.

- ‘Help

the market’ –

The algerian Energy minister Noureddine Boutarfa and his venezuelan counterpart Eulogio del Pino visited Monday in Moscow to try to persuade Russia to lower its production of 600,000 barrels per day (bj), or more than 500,000 bj drop proposed so far by the cartel.

But while saudi Arabia, the heavyweight of the cartel, seemed until then to judge “imperative” that a consensus can be found to implement the Algiers agreement, she cast a cold over the weekend suggesting that a decline of the offer was not binding and that the oil price would stabilize even without intervention from the cartel.

echoing the position of saudi arabia, the minister emirati Energy has estimated that the market was in any way on the road to rebalancing, but that an agreement was still needed “to help the market recover more quickly (rather) than wait for six months“.

Seeking to increase pressure on Tehran and Baghdad, the Saudis expressed their willingness Tuesday to reject any agreement if Iran and Iraq, the two most important producers in the cartel after them, were not involved, according to a source close to Ryad cited by the agency Bloomberg News.

“change of the time of the commencement of the formal meeting (Opec, editor’s note), 11: 00 central european time, rather than 10: 00 AM, suggests to some that the discussions are continuing and there is still a chance that the output is reduced,” said Bjarne Schieldrop, a specialist in commodities at SEB Markets.

other analysts believed the day before that the chances of a reduction in production were “really small” and that the cartel would postpone any decision to its next meeting in six months.

Vienna – Opec reaches an agreement “historic” in order to limit its production – The Express

This is the first time since 2008 that the 14 countries of the cartel agree to limit their production, defying the pessimism of many observers.

The agreement will be effective as of the “January 1, 2017“, said the minister, qatari Energy Mohammed Saleh al-Sada, who presides over the conference of Opec, citing a decision “history, that will certainly help to rebalance the market and to reduce the glut of inventory” of oil.

Opec, he said, will reduce its production of “1.2 million barrels per day, bringing its ceiling to $ 32.5 million barrels per day“. In October, the cartel had produced 33,64 million barrels.

And the organization should be, as she wished to, result in its movement in Russia, the world’s largest producer of oil, that is “committed to reduce by 300,000 barrels” its production, announced by the minister of qatar, after a meeting in Vienna, where the Opec.

Moscow confirmed Wednesday evening its intention to participate in the effort if the cartel keeps its commitments. Russia would thus contribute to half of the target reduction volume (600.000 barrels) applied to countries outside of the cartel.

The markets have welcomed these announcements: to 17: 05 GMT (18: 05) in Paris, a barrel of Brent North sea for delivery in January, was worth 50,10 dollars in London, an increase of 3.72 dollars compared to the end of Tuesday, while while WTI for the same maturity was 3,92 $ 49,15 dollars.

during the meeting, the courses have reached their highest level in a month.

The agreement concludes weeks of intense negotiations like a poker between Saudi Arabia, Iraq and Iran. Ryad had clearly announced that he would not assent to decrease its production if Baghdad and Tehran, 2nd and 3rd respectively producers in the cartel, did the same.

- world Inflation “healthier” –

In practice, the largest declines in production will be supported by saudi Arabia (-486.000 b/d), Iraq (-210.000), the united arab Emirates (-139.000) and Kuwait (-131.000), the largest producers apart from Iran, according to a document released by the Opec.

Iran has been successful and will be able to increase its

production of 90,000 b/d to 3.8 million. Its oil minister, Bijan Namdar Zanganeh, has sent a sign of victory to reporters as he left Opec’s headquarters.

in Addition to Iran, who wants to be able to take advantage of the lifting of economic sanctions against Libya and Nigeria are exempt from the limitations due to the conflicts that they face, and their impact on their finances.

Indonesia, which has refused to endorse the agreement, has seen its membership in Opec “infrozen“.

The Vienna agreement reflects the commitments made by Opec at the end of September in Algiers, where the ministers of the cartel had set a goal of lowering their production of 32.5 and 33 mbd.

In general, the agreement will boost global inflation to a “healthier“, including the United States, said Mohammed Saleh al-Sada.

With the effort made by the Russian federation, its implementation should lead to a reversal of the structural surplus of production, which fell flat courses for the past two years.

analysts skeptics have cautioned, however, that the application of the limitations must be closely monitored, because no sanction is provided for the offenders.

If the prospect of a fuel more expensive will not rejoice not motorists, the expected increase in prices is expected to ease the budgets of oil-producing countries.

The big producers of the Opec, Saudi Arabia in the lead, had long supported a strategy of low prices, hoping to lock out competitors, including producers of oil shale in the u.s., and regain market share.

But even the public finances of the rich Saudi Arabia, had ended up suffering the effect of the low price. The fall in oil revenue has exacerbated an economic situation that is already dramatic in Venezuela.

OPEC : agreement to the snatch on a decline in oil production – The World

For months, the members of the cartel oil are seeking to bump up the price. Saudi Arabia has agreed to a reduction of 500,000 barrels per day.

World | 30.11.2016 to until 16h16 • updated 30.11.2016 at 18h52 | By Jean-Michel Bezat

fourteen members of the Organization of petroleum exporting countries (OPEC), meeting Wednesday, November 30, in Vienna, finally reached an agreement to decrease their production of black gold. A measure that will take effect on 1^st January, said the organization’s president, Mohammed Bin Saleh Al-Sada. These countries, which provide a third of world production, have been seeking for months to bump up the price, fell to 114 dollars (108 euros) per barrel in mid-2014 to less than $ 50 today.

in London, a barrel of brent of the North sea is immediately appreciated, going back over the top of the 50 dollars (+ 8 %) a few minutes after posting this then as yet unofficial. In New York, the Light Sweet Crude (WTI), the benchmark u.s. crude, gained 3,62 dollars (+ 8 %) and reached 48,85 dollars on the contract for delivery in January

Read also : Oil : intense diplomatic hubbub before the summit of OPEC

Gesture of goodwill

This is the first cut decided by OPEC since December 2008, when the financial crisis post-Lehman Brothers had resulted in a collapse of course, fallen from $ 147 to around $ 35 between August and December 2008.

The OPEC members were agreed at the end of September, to Algiers, to bring the daily production of up to 32.5 million barrels. The sources cited by news agencies indicate that the figure chosen in Vienna is in accordance with the agreement of principle signed in the algerian capital. This should lead to a reduction of 1.2 million barrels per day.

Who is participating ? Saudi Arabia, the leader of the cartel, has said that he is ready to bring its production from 10.5 to 10 million barrels per day. In a gesture of good will, she has accepted that Iran, with which it is in conflict in Yemen and Syria, pump up 3.8 million barrels, roughly the level that the islamic Republic had reached before the embargo, western decreed in 2012 to impose sanctions on its nuclear program.

Read also : crude Oil : OPEC is trying to regain the hand

Libya, and Nigeria-exempt

Iraq is the second largest producer of OPEC,

will have to make an effort as pétromonarchies of the arabo-Persian gulf, Algeria, Angola or Venezuela, which, however, is in full economic chaos. On the other hand, Libya has been shaken by a civil war and Nigeria in order to attacks on its oil installations in the Niger delta have been exempted from the effort.

The OPEC will also apply to countries that are not members of the organization to bear part of the burden, estimated at around 600 000 barrels per day. Including Russia, the leading world producer with more than 11 million barrels. It is said to be ready, according to the OPEC, to cut off 300,000 barrels a production of more than 11 million barrels, a record since the fall of the USSR in 1991.

After a first failure in Doha (Qatar) in mid-April, the members of the cartel oil could not separate them on a new failure. It probably would have precipitated the fall in commodity prices in the next few weeks – some analysts conjured up to 30 dollars – and showed that OPEC had definitely lost the hand on the markets.

It is not known when supply and demand come together to restore balance to the markets, roughed up for five years by the massive influx of oil shale (shale oil) in the united states. The consumption should be relatively high in 2017 with an increase of about 1.5 million barrels per day.

Read also : Decline of the production of oil : four questions on the agreement of the OPEC

Low flexibility

The producing countries no longer have much leeway to pump more crude and the market could rebalance. It is the analysis of the saudi minister of energy, Khaled Al-Faleh, which ensures that the market would have rebalanced itself in 2017, even without agreement in Vienna.

The analysts of the large banks involved in the trade of crude don’t panic either. In a note published on the eve of the summit of OPEC, Morgan Stanley believed that the price oscilleront between $ 40 and $ 55 for a good part of 2017. Goldman Sachs expects an average price of $ 45 until the summer.

It is necessary to have the detail of the agreement to be certain that it will have a lasting effect on prices. Nothing is less sure. Some members of OPEC may be tempted to work around discreetly the agreement. And beyond statements of principle, Russia has never really fulfilled its commitments.

Read also : the OPEC agreement, a surprise… but fragile

Auto, home : insurance rates will increase in 2017 – The Echoes

The case is heard. The rates for auto and home insurance (HRM) overall will increase in 2017. A sign that does not deceive, the insurers are not lining up to communicate on the subject. This year, some prefer to wait until the latest possible moment to set their rates and have high visibility on their results techniques. Others do not want to reveal their game in a highly competitive market…

according to data compiled by ” Les Echos “, the bulls promise to be a bit more pronounced than in 2016. According to the commercial practices of the companies, they will not be at the same level everywhere. At Swiss Life, they will be well below 1 % on average in the car. the ” We can afford to, because we had increased a little more than the market in previous years and we recorded and less serious accidents in 2016 “, explains Peter Francis, general manager of Swiss Life’s Insurance Assets. Some customers have even good surprises. The Matmut or MACSF, for example, the rates will not increase for a significant part of the portfolio self. The Olive tree – Auto Insurance, a direct insurer that wants to gain market share, freezes his own for the new customers. In general, the pricing practices are increasingly segmented (see cons below).

Auto : the cost of repairs increases

” The year has been very poor in auto in 2016 “, summarizes an insurer which changes its rates at the 1^st April. This translates to improvements medium-sized, up to 2.5 % (excluding taxes). These increases remain all measured. The self is a product of appeal, the insurers look twice before making adjustments strong. the ” The law Hamon [which makes it easier terminations, editor's NOTE] makes us have a tariff policy, constant in time, ” points out Tanguy, The Mayor, responsible for private customers at Generali France. Among the elements of inflation, insurers highlight the rising cost of repairs. the ” It is about 2% in 2016, which is significant “, points out Jean-Marc Willmann, deputy director general insurance with the Maif. The sector is also concerned still the cost of the folders ” personal injuries.” the ” The courts will award compensation incre asingly important, with a multiplication of the positions of prejudice “, underlines Stéphane Dessirier, director general of the MACSF.

The low interest rates may also weigh on prices. They come in effect mechanically enhance the provision for the payment of future pension for the victims of road accidents. These are being placed, they are

calculated with respect to a perspective of future performance. If rates drop, it is thus necessary to put aside more money. the ” Until now, we have managed to absorb the rate decrease in our policy of freezing tariffs. But this is no longer tenable “, says Jean-Marc Willmann, while Maif is going to have to supplement its reserves to the tune of 50 million euros.

Home : the floods are weighing heavy

the trend remains The same in the household, a market that already accumulates several years of successive increases. The revaluations of average for 2017 spread between 1 % and 4 % (excluding taxes). They obviously take account of the cost of the floods of late may and early June. Beyond that, insurers must catch up with a on a risk grossly under-priced. the ” There is no 20 % premium on the market to be at equilibrium. But the increases that we spend year after year are not sufficient to back up the hill, given that we are dealing with a claims climate ever more important, “ ahead of Stéphane Dessirier.

The weight of taxes

The insured will notice it may not be at first glance. But their invoice will also be burdened by the weight of the taxes. The 1^st January 2017, the contribution levied on each insurance contract-damages to finance the guarantee Fund for victims of acts of terrorism and other offences (guaranty fund) will thus pass from 4,30 euros to 5.90 euros, after having already been raised from 1 euro at the beginning of 2016. the ” The Maif has borne the brunt of the taxes for the past three years. But as we increase our fares, this time we’re going to pass the tax guaranty fund “, explains Jean-Marc Willmann.

VIDEO Auto, habitation : towards a new higher insurance rates in 2017

Laurent Thévenin, Les Echos

Trump is going to be in withdrawal of its companies – to The Point

The president-elect, american Donald Trump announced Wednesday that he is going to be in withdrawal from her real estate empire before taking up his duties and has chosen a new Treasury secretary and a Wall Street banker, Steve Mnuchin.

In a series of tweets, Donald Trump has stated that he will speak in New York on 15 December at a “major press conference” in the presence of his children. It will focus “on the fact that I leave my great company in order to concentrate fully and totally to the direction of the country and restore AMERICA to ITS GREATNESS!”, specifies the president-elect on Twitter.

Steve Mnuchin has announced his appointment to the Treasury in a speech live on the television channel financial CNBC. He was in the company of Wilbur Ross, another Wall Street investor, who has been appointed to the ministry of Commerce. Their two nominations were then officially confirmed by the team of the elected president.

many issues of conflict of interest are raised by the arrival time in the White House a billionaire at the head of an economic empire with international ramifications.

Mr. Trump has reiterated that, legally, he has no obligation to surrender the management of his company. “I feel that it is important (…) not have any conflict of interest with my various affairs, as president,” he however stated.

“therefore, legal documents are being drafted that make me withdraw fully from the operations management of the business. The presidency is a task much more important!”, said he.

Mr. Trump would consider to entrust the management of his business to three of his children, according to the meager details that he has given since he entered the race for the White House in July 2015.

many experts have pointed out that this would not address any of the issues of conflicts of interest, these three children are very close counsel of their father and playing an active role in the appointment of the future directors Trump.

- No political experience -

Neither Steve Mnuchin, 53 years of age, or Wilbur Ross, 79 years of age, have no experience in politics but brought early in the campaign their support to Donald Trump. Wilbur Ross, 79 years, had worked

with the real estate tycoon when some of his casinos crossed in difficulties at the end of the 1980s.

The two men will be responsible, in particular, to implement the economic policy of president-elect, who promised during the campaign to revisit the trade agreements, free trade, and keep industrial jobs in the United States.

Wilbur Ross, interviewed Wednesday on the measures that intends to take Mr. Trump in the area of trade policy, rejected accusations of protectionism. “Protectionism is not a term significant, it is pejorative,”-he said on CNBC, adding that there was “trade, good trade and commerce, stupid”.

“We’ve done a lot of trade stupid and that is what we are going to correct,” he added, noting that “the last thing we will do is to impose duties of customs”.

“What is important is to increase u.s. exports and getting rid of barriers, tariff and non-u.s. exports,” said the future minister of Trade.

The implementation of the us policy in terms of international trade does not, however, directly to the minister of commerce but of the special representative for trade (USTR), which has not yet been appointed.

For his part, Mr. Mnuchin said that his goal would be to reduce the tax burden on households and businesses.

“I understand what he must do to straighten out the economy and I am pleased to be able to help the president-elect Trump to implement his economic agenda innovative to create well-paying jobs and defend the american worker,” said Mr. Mnuchin Wednesday.

The u.s. economy is already, however, with a growth rate rather high (3.2% in an annualized basis in the 3rd quarter) and low unemployment (4.9 per cent).

Among the important positions of his government, Donald Trump has not yet named his secretary of State (foreign affairs) and the Defence.

30/11/2016 16:06:19 – Washington (AFP) – © 2016 AFP

Gauloises, News, Royal… The last cigarette factory in France will close in the second half of 2017 – 20minutes.fr

The abbreviation of the company “Seita-Imperial tobacco’ to Carquefou in France, April 15, 2014 – Jean-Sebastien Evrard AFP

SOCIAL The factory Seita of Riom, a French subsidiary of the giant british, employs more than 200 employees, and the research centre located in the Loiret, nearly 90 people…

The 239 employees of the factory Seita of Riom (Puy-de-Dome), which produce packets of cigarettes brands Gauloises, News, JPS and Royal and the 87 people who work at the research center, Fleury-les-Aubrais in the Loiret, are worried.

>> also read : Seita: 12th day of hunger strike for four employees

The last cigarette factory in mainland France, the French subsidiary of british Imperial Tobacco, will close next year, as the centre of Loiret. Seita, number two in the tobacco market in France, “announced to its central works council (CEC) meeting on Tuesday that it was considering the divestment of the sites of Riom and of Fleury-les-Aubrais” and this from the “second half of 2017,” according to a press release sent to AFP.

” We expected it but not in such a savage way “

” It’s been two days that we suspected as much, but they come to tell us. The people are a little shell-shocked, ” testified Ludovic Gotiaux, union representative and staff representative CGT in the site of Riom.

” We expected it but not as brutal. I worked in Riom for the month of July after having experienced a mutation brutal after the closure of Nantes. 50 years ago I had no choice. There, it is a new blow. My family is in shock, my children are very worried, ” responded Michel Nicole, an employee of the site Riom.

Seita retains

its small cigarette factory in Corsica

After the closure of the factory of Carquefou (Loire-Atlantique) in 2014, Riom was the last cigarette factory in operation in mainland France. Seita, however, retains a small cigarette factory in Corsica, the Macotab (Manufacture corse de tabacs) located in Furiani (Corsica), which produces only for the local market.

While the tobacco industry has been hit hard ” european legislation, anti-tobacco, which continue to harden “, Seita has highlighted in a press release “the continued fall in sales in its major markets “and a” lack of competitiveness vis-à-vis its competitors, mainly located in the countries of the East where production costs are much lower than ” to explain these closures.

The number of smokers has decreased from 37% in Europe

The subsidiary has announced that it undertook ” in a phase of intensive search of buyers for these sites in advancing solutions to the retraining that would ensure the viability of the sites and to provide employment opportunities “.

According to Seita, between 2002 and 2015, the number of smokers has decreased from 37% in Europe. In France, during the same period, the purchases of tobacco fell by 44 %. For its part, Imperial Tobacco, historically based in Europe, has product in 2016 from 64 billion, the equivalent of cigarettes in less than in 2012, a decrease of 19 % from its production.

>> also read : Package of cigarettes neutral: Seita calls on the Council of State

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The group wants to do 310 MEUR savings – The Parisian

From our correspondent Julie Rimbert in Toulouse (haute-garonne).

committee of the european works council of the Airbus Group, which was held yesterday in Blagnac (Haute-Garonne) has confirmed the removal of 1 164 positions, by 2018. In France, 640 posts are concerned, mainly in Suresnes (Hauts-de-Seine) ( read below), as well as in Toulouse (Haute-Garonne) and Marignane (Bouches-du-Rhône). 325 positions will also be transferred. “The management has also announced the creation of 230 jobs in research, mainly in the digitization,” said Thierry Préfol deputy co-ordinator, CFE-CGC Airbus Group. To justify these job cuts, the group stressed the need to streamline governance and maximize its effectiveness. “These cuts have been decided upon in the framework of the Gemini project, which aims 310 MEUR savings by merging the branch of commercial aviation, Airbus with the parent company, Airbus Group. The management wants to improve competitiveness by avoiding duplication of

efforts, in a context of increased competition with its rival the american Boeing and the arrival of aircraft manufacturers chinese. The majority trade union Force ouvrière (FO) account on the negotiations, from January to July 2017, to reach a social plan without compulsory redundancies. “There will be a set of measures such as early retirements, reclassifications, mobility, stressed Yvonick Dréno, coordinator FO for Airbus Group. But the finance is more important for Airbus. The company says that it wants to reduce the bureaucracy, but employees whose positions are eliminated are not part of this bureaucracy. “

Le Parisien

The social network French Viadeo placed into receivership – The Figaro

Created in 2005, this French rival LinkedIn has been placed in receivership for three months. It will remain operational until the end of the procedure.

Linkedin is not able to straighten the bar. The professional social network French announced on Tuesday have been placed in receivership by the tribunal de commerce of Paris, for a period of three months. It will remain operational for its customers and for its members, until the end of the procedure.

At the beginning of the year, the company has announced a change of CEO and has significantly reviewed its ambitions downward. “Instead of trying to conquer the world, we will focus on France and our flagship products”, which had indicated its new executive director, Renier Lemmens, in a press release. The goal was to refocus on the country, the source of 95% of its turnover, and reducing the more quickly its expenses. In the first half, Viadeo has reduced its loss to 4.3 million euros, compared to 6.8 million in the same period in 2015. Its turnover has fallen by a third to 8.8 million euros. Especially, Viadeo has not been able to follow the pace imposed by its first competitor, the american LinkedIn.

Long placed on a footing of equality, LinkedIn has gradually exceeded Viadeo. Both claimed more than 10 million users in France. But the international presence of the us network, its attractiveness in the eyes of large

companies and the success of its Premium offering has earned it recently bought by Microsoft, for $ 26.2-billion. Viadeo has never managed to develop a comparative advantage in the height of LinkedIn.

Despite this rout, the social network keeps fans in France. It identifies 11 million users and has attracted 2.7 million unique visitors in France in October, compared to 5.3 million for LinkedIn. The launch of a new app dedicated to job search was scheduled for the beginning of 2017. With chatbots, software, chat, his goal was to humanize the approach of the candidates offers more adapted to their respective profiles.

The response of the commercial court of Paris is expected by the end of December. He will decide after the examination of bids from buyers, financially strong and with a recognised expertise on the recruitment market online”. These same requirements provide for the maintenance of a “significant portion” of the workforce, says the group. A process of disposing of assets of the company had already been committed. Viadeo had requested the suspension of its Stock price on November 10.

The group wants to do 310 MEUR savings – The Parisian

From our correspondent Julie Rimbert in Toulouse (haute-garonne).

committee of the european works council of the Airbus Group, which was held yesterday in Blagnac (Haute-Garonne) has confirmed the removal of 1 164 positions, by 2018. In France, 640 posts are concerned, mainly in Suresnes (Hauts-de-Seine) ( read below), as well as in Toulouse (Haute-Garonne) and Marignane (Bouches-du-Rhône). 325 positions will also be transferred. “The management has also announced the creation of 230 jobs in research, mainly in the digitization,” said Thierry Préfol deputy co-ordinator, CFE-CGC Airbus Group. To justify these job cuts, the group stressed the need to streamline governance and maximize its effectiveness. “These cuts have been decided upon in the framework of the Gemini project, which aims 310 MEUR savings by merging the branch of commercial aviation, Airbus with the parent company, Airbus Group. The management wants to improve competitiveness by avoiding duplication of

efforts, in a context of increased competition with its rival the american Boeing and the arrival of aircraft manufacturers chinese. The majority trade union Force ouvrière (FO) account on the negotiations, from January to July 2017, to reach a social plan without compulsory redundancies. “There will be a set of measures such as early retirements, reclassifications, mobility, stressed Yvonick Dréno, coordinator FO for Airbus Group. But the finance is more important for Airbus. The company says that it wants to reduce the bureaucracy, but employees whose positions are eliminated are not part of this bureaucracy. “

Le Parisien

France: the last cigarette factory closes – The Figaro

The factory Seita of Riom, the last cigarette factory in mainland France, will close next year, as well as a research centre situated in the Loiret, triggering the concerns of employees of the French subsidiary of british Imperial Tobacco. Seita, number two in the tobacco market in France, “announced to its Central works council (CEC) meeting on Tuesday that it was considering the divestment of the sites of Riom and of Fleury-les-Aubrais” and this from the “second half of 2017,” according to a press release sent to AFP.

The factory of Riom, in the Puy-de-Dome, has about 239 positions, and the research centre of Fleury-les-Aubrais in the Loiret 87. After the closure of the factory of Carquefou (Loire-Atlantique) in 2014, Riom was the last cigarette factory in operation in mainland France. Seita manufactures packets of cigarettes brands Gauloises, News, JPS and Royal.

“expected”

“It’s been two days that we suspected as much, but they come to tell us. The people are a little shell-shocked,” testified to AFP Ludovic Gotiaux, union representative and staff representative CGT in the site of Riom. “We expected it but not as brutal. I worked in Riom for the month of July after having experienced a mutation brutal after the closure of Nantes. 50 years ago I had no choice. There, it is

a new blow. My family is in shock, my children are very worried,” responded Michel Nicole, an employee of the site Riom.

Seita retains a small cigarette factory in Corsica, the Macotab (Manufacture corse de tabacs) located in Furiani (Corsica), which produces only for the local market. The subsidiary of Imperial Tobacco announced that it was looking for buyers for its sites. It “engages in a phase of intensive search of buyers for these sites in advancing solutions to the retraining that would ensure the viability of the sites and to provide employment opportunities”. A “reorganization of the support functions is also envisaged within the headquarters”, according to the press release, without giving more details. The office of the secretary of State for Industry, Christophe Sirugue was assured by the AFP to “follow the case”.

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The SNCF will compensate any delay in trains over 30 minutes – The World

The rail company has announced the establishment, effective 1 December, a new schedule of compensation, which is applicable regardless of the reason for the delay.

Thursday 1^st December, SNCF will indemnify the passengers of the TGV and the City, which has a delay of at least 30 minutes to their arrival, whatever the reason. the ” We decided to make this guarantee, the best guarantee of Europe “, a summary Rachel Picard, managing director of Voyages SNCF, a branch of the public undertaking responsible in particular for the exploitation of high-speed trains. The regulation in the european Union provides for compensation beyond a late hour.

Until now, the railway company dédommageait passengers only if the delay was attributable to you, including in the event of a strike, when the train schedules were known. But this rule excluded the vagaries of the external, such as weather events or malicious acts, which represent ” one-third of the delays “, according to the head.

M^me Picard has refused to disclose the cost of this new measure. the ” This will necessarily increase the demand for refunds “, has, however, admitted a spokesman of the railway company. According to calculations of the SNCF, this new bond, referred to as” significant progress ”

to the users, could serve as a ” up to 50 % of travellers more “.

Read also : A user association upsets the SNCF

Amounts to ” more generous “

The rule is ” better than competitors “, ” simple “, the ” faster “ and ” more flexible “, argued for the responsible. The traveller will be able to make a claim online, click the link “guarantee punctuality” of the site STATION, upon the arrival of the train. It will ” a purchase in 48 hours “ and may use ” on all channels “ and ” several times, if he wishes, “.

The amounts of compensation are ” most generous, “ than those imposed by the european regulation : 25 % for a delay of 30 minutes to 2 hours, 50 % between 2 hours and 3 hours, and 75 % beyond. The european text, which entered into force in 2009, caps the compensation at 50 % from 3 hours of delay.

The european countries have had the possibility of extending the application of this text until 2024, in requesting an exemption of five years, renewable twice. France had requested a waiver until 2014. Since then, the SNCF, who remained ” be exempt from repaying to the external causes “, ” had discussions with the State and with Brussels new rules to put in place “, told M^me Picard.

Read also the interview with Guillaume Pépy : “The train must make the time”

According to the rail company, the rate of regularity of the TGV is 89.8% since the beginning of the year, the City 88.7 %.

François Fillon revamps the party – The Figaro

VIDEO – The candidate of the right, unveiled Tuesday the chart of LR. Bernard Accoyer is the number two.

The 238, rue de Vaugirard, at the headquarters of the Republicans, in appearance nothing has changed. The photos of the former party president, Nicolas Sarkozy, are still hanging on the wall. The office of the interim president Laurent Wauquiez has remained in the same state: some family photos, photos with Nicolas Sarkozy, François Fillon, Alain Juppé… And to prevent falls, a bicycle helmet ; always useful, in this period of reorganization of the party.

The day after his landslide victory in the primary, Fillon wanted to impose his authority and make its mark on the new organization chart of the Republicans, as permitted by the statutes. After twenty-four hours of consultations, the ex-prime minister has decided to abolish the position of president of LR… The direction to which it is entitled.

total Loyalty

so far, François Fillon guard Laurent Wauquiez by appointing him as first vice-president. But it regulates the many fillonistes. As Isabelle The Callenec named second vice president. Those who had not yet understood will be for their expenses. The boss, this is Fillon. And this is what it reiterates through the new organization of the party.

on Tuesday, when the political bureau, Wauquiez has had this sentence: “The culture of the right, that is when there is a leader: it is the following. You have no doubt to have on the total loyalty to the party.” And the new first vice president, to find “normal” that Fillon “walk of personalities who have made the campaign with him. “The organization that you propose allows the gathering and the continuity and entrusted me with the responsibility of vice-president. Thus reorganised, you have a family together and effective. You can count on a party that is again in running order.” So it seems that Laurent Wauquiez is satisfied with the reorganization.

“The culture of the right, that is when there is a leader : it is the following. You have no doubt to have on the total loyalty to the party.”

If François Fillon has tried, he has not forgotten to place his relatives to key positions. It has appointed a support history the post of secretary general, responsible for executing the decisions of the political bureau and the political committee: Bernard Accoyer, former president of the national Assembly. He replaces Eric Woerth, who is expected to take on new responsibilities in the presidential campaign, on the program. Accoyer will be assisted by two deputies: the sarkozyste Gérald Darmanin and the filloniste Annie Genevard. The post of director-general of the Republicans is tantamount to the very faithful Patrick Stefanini, the linchpin of the campaign of François

Fillon to the primary. Between Gérard Larcher (and his right arm Patrick Dray), Bruno Retailleau, Bernard Accoyer, Patrick Stefanini, French prime minister François Fillon is therefore surrounded by a close-knit team, who has the habit of working together and with him.

The strong man of the right creates a policy committee composed of many personalities, driven by Gérard Larcher – a support of the first time – and will meet every fifteen days. It will be attended in particular by Bruno Retailleau, support of the ex-prime minister during the campaign and chairman of the LR group in the Senate, and Christian Jacob, chairman of the LR group in the national Assembly.

The return of Jean-François Copé

The chart is certainly marked with the seal of the gathering. Thus, Jean-François Copé, that nobody thought to see enter into this committee after the war that had opposed François Fillon in 2012, makes its grand return in the governing bodies of the party. The winner of the primary is reaching out to other losers of the election. In addition to Jean-François Copé, Nathalie Kosciusko-Morizet and Jean-Frédéric Poisson, ex-candidates in the primary, to incorporate the policy committee. “NKM has always said that she would accept behind the winner, it is what she does with loyalty,” says a member of his entourage. Virginie Calmels, support of Alain Juppé during the primary, and François Baroin, the team of Nicolas Sarkozy during the campaign, will have their place in the rue de Vaugirard. Thierry Solère, the long-time support of Bruno Le Maire, but also the architect of the primary organization, is also rewarded.

Finally Fillon has also changed the composition of the national commission of the investiture controversy (CNI), a highly political, while nearly 80 constituencies remain to be filled in the context of the legislative elections. The sarkozyste Christian Estrosi, is replaced by the filloniste Jean-François Lamour, assisted by two deputies, the sarkozystes Roger Karoutchi and Olivier Marleix, an expert on the electoral map. After the fillonistes, supporters of Nicolas Sarkozy are certainly better rewarded.

As for the other posts, they do not change, said Fillon at the political bureau. The treasurer Daniel Fasquelle, or the spokesman, Guillaume Peltier, are maintained in their functions.

The party is now revamped. Fillon will continue its consultations, before the presentation of the flowchart of the campaign, next week. It will also address the issue of the legislative elections. This Wednesday, it must meet the president of the UDI Jean-Christophe Lagarde.

THE REPUBLICANS François Fillon adoube Wauquiez, Accoyer and The Callennec – The Dauphiné Libéré

Laurent Wauquiez, first vice-president; the member of parliament for Ille-et-Vilaine Isabelle Le Callennec, second vice-president; and Bernard Accoyer, secretary-general, this is the trio that François Fillon was finally assigned to lead the Republicans.

In the absence of the president, the party will be led by the team behind a collective leadership in the colors of the gathering. The announcement, made a few minutes ago in political office, closes 24 hours of speculation on the future of Laurent Wauquiez who was until today the interim chairmanship of the party at the request of Nicolas Sarkozy.

The phone does not stop ringing

Started Monday morning, the series of consultations of François Fillon had resulted in the yesterday afternoon by the announcement of the appointment of the member of parliament for Haute-Savoie, Bernard Accoyer, support for the first time, to the post of secretary-general of the Republicans to take over the reins of the movement.

and Then, surprise, the 20 hours of France 2 last night, the winner of the primary of the right and of the centre, has hinted at an organization with many heads, more complex and probably less fillonniste. Because, between 17 and 19: 50, since the end of his meeting with Laurent Wauquiez and the AFP fell in all the essays, the smartphone of the new leader of the right never ceases to ring.

“The signal is wrong”

relatives and less similar to the warn: “the signal is bad, it is a declaration of war on sarkozysme” whose Wauquiez claims to be the full heir. Since the results of the first round, the deputy of the Haute-Loire department boasts of its support for Fillon, but most of all, his fidelity to the era Sarkozy. A

legacy that weighs heavy in the party-where the former president of the Republic has remained highly popular – and a little more than 20% of the votes in the primary, which are deferred without any lack on Fillon between the first and second round.

Fillon had proposed to Wauquiez of integrating the collective leadership of the movement, alongside Gérard Larcher, Bruno Retailleau, Nathalie Kosciusko-Morizet, François Baroin,Thierry Solère, and Christian Jacob under the authority of the secretary-general, Bernard Accoyer. A kind of government of action in the perspective of the presidential election.

“Not interested in just to be on the picture”

Deploring an “inefficient solution” that the UMP had already pâtie in 2012 at the end of the battle Copé-Fillon, Wauquiez would have declined the offer and promised to follow its own path. “Not interested to just appear on the photo,” said an elected official who predicted on Sunday that the negotiation would be tough with Wauquiez: “leave it outside, with all freedom of speech, was too risky.

Fillon know them well and measure its persistence. He had made his chief lieutenant in 2012 with the idea of hurting Jean-François Copé”. This time, he made the choice to use it to confront the national Front.

Airbus : 1 164 posts deleted in Europe – The Point

The fear of the employees of Aribus was based : the management announced to its employees that it would remove 1 164 jobs in Europe. What’s more, the site of Suresnes, in the paris region, will be reduced by any research activity. This restructuring plan is accompanied by a creation of 230 jobs, have announced the trade unions, as confirmed by the management. She promises to do everything to avoid compulsory redundancies. The site of Suresnes, in the paris area, will be closed, according to the trade unions.

” The social impact of the plan, Gemini represents 1 164 positions, ” said Thierry Baril, director of human resources of the group. In addition to this figure, “a number of geographical transfers will be made, mainly to Toulouse,” he said in the $ 325. These transfers will be primarily sites of Suresnes (Hauts-de-Seine, france) and Ottobrunn, near Munich, germany, to Toulouse. But “every effort will be made to find appropriate solutions, and based on volunteerism,” said Barrel. “If, in early 2018, we should see that these measures are not sufficient, we would be forced to consider measures of economic dismissals forced “, he recognized.

What about Suresnes ?

The restructuring plan is thus embedded in a context of heightened competition with the rival american Boeing and the arrival on the market of aircraft manufacturers chinese. Airbus puts into perspective the 1 164 positions are to be eliminated, with staff who reach 136 600 people in the world, and 54 000 in France. The negotiations on the social treatment must be held until the summer of next year, says Airbus, which says not to make provision for the creation of 230 jobs related to new skills. The deletion of the post, announced at a european group committee, at the headquarters of Airbus, in Blagnac, near Toulouse, france, include the “closure” of the site Suresnes, france, according to unions.

” The executive has confirmed the closing to mid-2018 Suresnes, 308 job cuts and 150 “mobilities” of Suresnes, france to Toulouse, ” said the press Yvonick Dréno, coordinator FO for Airbus Group (majority union). Suresnes, france, the research activity is removed and only a dozen jobs of public relations will be maintained, confirmed the direction, without, however, speak of the “closure” of the historical site. The deletions do not affect, however, that little the world headquarters in Toulouse, where they should be transferred to numerous positions.

Yvonick

Dréno, FO, acknowledges that ” the management seemed to be very attentive to the social treatment “. “We hope once again and this time succeed in taking into account social benefits,” he added, in reference to the plans of deletes post that have until now all been implemented at Airbus without layoffs. But the unions remain vigilant, doubting the merits of the reorganization. “We suspect the direction of wanting to make economies,” stressed Dréno. “Finance has become increasingly important for Airbus. The company says that it wants to reduce the ” bureaucracy “, but these employees whose positions are eliminated are not part of this ” bureaucracy “, ” has-t-he stressed.

Movement magnitude

The unions rather see a “financial logic” in the plan, Gemini, emphasizing that the group is at the head of a record backlog of nearly 1 000 billion euros, which is 8 to 10 years of production. “We can understand that the group is reorganizing itself,” acknowledges Thierry Préfol, coordinator at Airbus Group for the CFE-CGC, the second union. “But the group has the financial means to avoid any compulsory redundancies “, he adds. Jean-Marie Peeters, a representative on the european committee of the CFTC (third union), denouncing a logic of ” wants to improve the stock “.

Referring to a ” movement scale “, the secretary of State for Industry, Christophe Sirugue, for its part, promised that he ” will accompany[t] to both the employees and the territories “. The plan Gemini is to merge at Toulouse, the seat of the branch of commercial aviation (Airbus SAS, 70 % of the activity) with the group (Airbus Group SAS), in order to create a new entity called simply ” Airbus “. In a press release, the CEO of the group, the German Tom Enders, commented on the need for ” lighter structures “, believing that ” the integration is eventually going to strengthen Airbus in order to ensure its future competitiveness “. On the 1 164 reductions post, 640 positions are located in France, in Suresnes, Toulouse and Marignane ; 429 in Germany, mainly in Hamburg, Bremen, Ulm and Ottobrunn ; 39 Spain ; 54 in the United Kingdom ; one in Belgium and one in India, according to the direction.

The SNCF will compensate any delay beyond 30 minutes – Franceinfo

“It was decided to make this guarantee, the best guarantee of Europe“, summary, Tuesday, at the AFP Rachel Picard, managing director of Voyages SNCF, a branch of the public undertaking responsible in particular for the operation of TGV. From December, 1st, “the traveller will have the guarantee to be refunded when there is a delay beyond 30 minutes, and regardless of the reason for the delay“, she indicated.

Until now, the SNCF dédommageait passengers only if the delay was due, which excluded the vagaries of the external, such as weather events or malicious acts that are “one-third of delays,” according to the manager.

The SNCF “goes further than the european regulation,” which provides for compensation beyond a late hour and not 30 minutes, ” notes the director, who refused to disclose the cost of this new measure. According to calculations of the SNCF, this new bond, which represents a “advanced sensitive for travellers“, could serve “up to 50% of travellers more”.

The rule is also “more advantageous than competitors“, “simplest“, “faster” and “more flexible“, added Ms. Picard. The user will be able to make a claim online, click the link

“guarantee punctuality” of the site STATION, upon the arrival of the train. It will get “a purchase in 48 hours” and will be able to use “all channels” and “several times if he wishes to“.

The amounts of compensation are also “more generous” than those imposed by the european regulation : 25% for a delay of 30 minutes to 2 hours, 50% between 2h and 3h, and 75% beyond. The european text, which entered into force in 2009, caps the compensation at 50% from 3 hour delay.

The european countries have had the possibility of extending the application of this text until 2024, in requesting an exemption of five years, renewable twice. France had requested a waiver until 2014. Since then, the SNCF, was “be exempt from repaying to the external causes“, “conducted discussions with the State and with Brussels on new rules and regulations put in place,” explained Ms. Picard.

France : the GDP recorded a growth of 0.2% in the third quarter – The Point

The growth of the gross domestic product (GDP) has indeed capped at 0.2% in France in the third quarter, despite an increase of the investment, according to a second estimate released on Tuesday by the Insee. This figure, in line with the forecasts published during the summer by the institute of statistics, following the screeching halt suffered by the French economy in the second quarter (0.1 per cent). It is mainly due to the weakness of consumption, remained stable between July and September, but also by the poor external trade figures, leaded by the increased imports, precise statistical institute.

In retail, the total production of goods and services increased by 0.5 %, whereas it had contracted by 0.2 % between April and June. The acceleration is particularly marked in the services sector (+ 0.7 per cent), construction (+ 1 %) and refining (+ 13.6 per cent), affected in the second quarter by the demonstrations against the law work. The production is in the reverse folded for transport equipment (- 3.2 %) and in energy (- 2,5 %), the general production of goods has, for its part, stabilized (0 %, after 0.7 per cent). On the quarter as a whole, the investment has increased slightly (+ 0.2% after 0 % in the previous quarter), despite a further decline in worrying of investment companies (- 0.4 %, after – 0,2 %).

Acceleration in the fourth quarter

in addition, the consumption of French households goods rebounded 0.9% in October after having declined 0.4% in September. This increase is explained in particular by the recovery of energy expenses, as well as purchasing equipment, housing and

clothing, ” says the institute of statistics. Insee also revised the evolution of consumption expenditure for the month of September, down 0.4% from – 0.2 % announced previously.

As for the foreign trade, it has again degraded, due to a rebound in imports (+ 2.5% after – 1,7 %). “In total, the external balance contributes negatively to GDP growth “, “to – 0.6 percentage points,” said Insee.

The institute of statistics predicts an acceleration of growth in the fourth quarter, which is expected to reach 0.4 per cent. This rebound, however, would be too low to offset the air hole suffered by the French economy in the spring. On the year as a whole, the growth should not exceed 1.3 %, according to the statistical institute. A figure lower than the 1.6 percent originally anticipated by the Insee, but also to the prognosis official of the government. In its draft finance law (PLFR), published in mid-November, the latter was lowered from 1.5% to 1.4% of its target for 2016, in order to take account of the poor economic performance of the last few months. But this figure is more optimistic than the one expected by the european Commission and the IMF (1.3 per cent), but also by the OECD, which now expects a growth of only 1.2%, identical to that of 2015.

Airbus encrypts its job cuts, fears of layoffs – Europe1

Airbus unveiled Tuesday its employees of job cuts that will result next year in its restructuring, the unions, evaluating more than 1,300 in France and Germany, of what to do fear of forced redundancies. The european committee meets from 10 am to 12: 30 in Blagnac, in the suburbs of Toulouse, in order to provide the program deletions or transfers of positions on the whole group.

The site of Suresnes threatened ? According to the CFE-CGC, the second union within the group, “1.357 posts will be either deleted or transferred, out of a total of 10,000 jobs” in the affected services. “We think that most of these 1.357 posts will be deleted”, had indicated that Thierry Préfol, deputy coordinator of the CFE-CGC Airbus Group on Thursday evening, at the end of the last branch committee. This figure is feared that the trade unions of compulsory redundancies, which would be a first in the history of the european group. The layoffs “are not in the culture of the group, but there is concern, particularly in regards to the site in Suresnes (near Paris, editor’s note), which needs to close”, added Thierry Préfol. “This is desolation”, confirmed to AFP a union representative of the site inhabitant, who wished to remain anonymous. “The biggest fear is the closure pure and simple of the site”, which currently employs 650 people.

employees “dismayed that while”. “For the people here, this is a disaster”. Even if mutations geographic were proposed, “we need to be able to move to Toulouse” with his family, according to him. “The employees are dismayed that while” because”we cannot say that the group has problems, it is in rather good financial health”. The restructuring plan is expected to also affect, but to a lesser extent, the site of Marignane

near Marseille. Airbus Helicopters is also located in Marignane and launched in a separate plan of deletions of 582 posts, is not, however, concerned.

A tradition of social dialogue”. Asked on the possibility of compulsory redundancies, the CEO of Airbus, Fabrice Brégier, has assured Thursday that the group had “a tradition of social dialogue that has always allowed, normally, to find solutions, such as with “Power 8″, a plan of removal 7,900 positions, launched in 2007, and that was done without any redundancy. There are strong chances Airbus announces a PSE (Plan de sauvegarde de l’emploi), new name given to the “social plan”, however, considers the FO, controlling at Airbus.

Avoid “duplications”. potential compulsory redundancies are not expected to be announced as soon as Tuesday, the committee is limiting the number of job losses. The negotiations on their social treatment, therefore, of potential layoffs, opened in January 2017, and until July 1, the date of the implementation of the restructuring. The reorganization of the group, called Gemini, is to merge at Toulouse, the seat of the branch of commercial aviation (Airbus SAS, 70% of the activity) with the group (Airbus Group SAS). This merger-integration, affecting almost exclusively the administrative functions and non-operational, has created a new entity called simply “Airbus”. It is intended to avoid “duplications” and to gain “agility”, according to the company.

A financial agreement is found for the construction of the canal Seine-Nord – 20minutes.fr

ILE-DE-FRANCE constantly being rejected, the project of € 4.5 billion will link the basins of the Seine and the Oise to the european network of the north of Europe…

the cost of The canal project Seine-Nord Europe between the Oise and the Scheldt, is strongly revised downwards, to around 4.5 billion euros, and this great site bearer of growth could start as early as 2015, according to a report released Wednesday, the department of Transport. – Pascal Rossignol, POOL

20 Minutes with AFP

• • Published on 29.11.2016 at 02:36
  • updated the 29.11.2016 at 02:36

They have put the time, but there it is : the State, the regions of the Hauts-de-France and Ile-de-France and the departments concerned are managed on Monday to “an agreement on a draft financial protocol” for the realisation of the canal Seine-North Europe, a project of 4.5 billion euros to date constantly pushed back, announced the secretary of State for Transport Alain Vidalies.

This book will connect the basins of the Seine and the Oise to the european network of the north of Europe, becoming a pathway to wide-gauge and, in part, an alternative to road traffic on an axis leading business.

” Alain Vidalies, and the communities welcome the outcome of this negotiation phase, which has just marked the willingness and the commitment of all partners for the realisation of this major project, supported by Europe, at the service of the territories and of the national economy, ” according to a press release from the secretariat of Transportation.

End of work in 2024

there’s just a week, the Prime minister Manuel Valls has reaffirmed the commitment of the State to see ” begin the first work as early as next year “. They must be completed in 2024. The estimated cost of $ 4.5 billion (bn) euros are net of tax.

Long 107 kilometres, situated between Compiègne and the canal Dunkerque-Escaut, the new infrastructure will, in part, the current path of the canal du Nord, including routes, currently 14 to 17 feet wide, will be extended to 54 metres. Six locks and 61 bridges, road and rail will have to be built.

The new canal will allow the transportation of shipments, which will reach, by train, up to 4.400 tons, or the equivalent of approximately 180 trucks. The transfer of traffic from road to water should reduce carbon dioxide emissions, and relieve congestion on the regional highways. The environmentalists of EELV dispute, however, the interest of the project.

Before a decisive meeting that was held Monday at the ministry of Transport, the funding was broken down as follows : 1.8 billion in the european Union (40 %), 1 billion of the State, and 1 md of communities to 0.7 md loan. This loan will be ” guaranteed to all by the State and communities “, according to the region Hauts-de-France. Among the communities, were planned 302,65 million of the Hauts-de-France, 110 of the region Ile-de-France, 200 in the Northern department, 130 of the Pas-de-Calais, 100 of that of the Oise, and 70 million of the Sum.

The forcing of Xavier Bertrand

The contribution of the région Ile-de-France has been downgraded, as it was initially planned to amount to € 210 million. For several weeks, this community was pull on her ear and wanted to know, before committing permanently, the amount of annual income made to its budget by the State.

The agreement reached on Monday was made possible “thanks to an additional effort of the region Hauts-de-France”, directed by Xavier Bertrand (LR), according to a ministerial press release. This effort has been provided in the surroundings of Xavier Bertrand, represents “50 million euros” and, in exchange, this region will have one more seat on the Board of directors. In addition to the representatives of the regions of Hauts-de-France and Ile-de-France, the departments of Nord, Pas-de-Calais, Somme, and Oise, are parties to the agreement, according to the ministry of Transport.

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Seine-Nord Canal : financial agreement-State communities – The Figaro

The State, the regions of the Hauts-de-France and Ile-de-France, as well as the departments concerned are managed on Monday to “an agreement on a draft financial protocol” for the realisation of the canal Seine-Nord, a project of 4.5 billion euros to date constantly pushed back, announced the secretary of State for Transport, Alain Vidalies.

This book will connect the basins of the Seine and the Oise to the european network of the north of Europe, becoming a pathway to wide-gauge and, in part, an alternative to road traffic on an axis leading business.

work must begin next year and finish in 2024. The estimated cost of 4.5 billion euros are net of tax.

Long 107 km, situated between Compiègne and the canal Dunkerque-Escaut, the new infrastructure will, in part, the current path of the canal du Nord, including routes, currently 14 to 17 feet wide, will be extended to 54 metres. Six locks and 61 bridges, road and rail will have to be built.

The new canal will allow the transportation of shipments,

which will reach, by train, up to 4.400 tons, or the equivalent of approximately 180 trucks. The transfer of traffic from road to water should reduce carbon dioxide emissions, and relieve congestion on the regional highways. The environmentalists of EELV dispute, however, the interest of the project.

This agreement was made possible “thanks to an additional effort of the region Hauts-de-France”, directed by Xavier Bertrand (LR), according to a press release of Mr. Vidalies. This effort has been provided in the surroundings of Xavier Bertrand, represents “50 million euros”, in addition to an already planned 302,65 million euros. The european Union should bring in 1.8 billion.

The OECD is forecasting a modest recovery in global growth… in 2018, Le Figaro

The organization anticipates the effect of the fiscal stimulus packages adopted by the Japanese, and promised by the president-elect of the United States Donald Trump, but feared the consequences of the temptation of protectionism.

The OECD expects world growth to achieve a “modest” rebound from 2018 under the effect of the fiscal stimulus plans such as the one promised by Donald Trump in the United States, but also to address a severe warning about the dangers of protectionism. The organization has maintained this Monday with no change to its forecast for global growth in 2016 to 2.9% and raised very slightly that of 2017 to 3.3% (+0.1%), as a “soft growth,” she called to combat since the beginning of the year, raising the budget expenditure.

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the Organization for economic cooperation and development (OECD), the Paris-based perceive, however, positive signals that could begin to have an effect on the global activity from 2018, with a bounce “modest” growth reaching 3,6% under the effect of the stimulus packages adopted by countries such as Japan and promised by the president-elect, american Donald Trump. “The budget initiatives could catalyze activity in the private sector and thus give a stimulus to the global economy for it to reach growth rates modestly higher by 2018,” said the chief economist of the OECD Catherine Mann, who presents for the first time its forecasts for 2018.

american Locomotive

The rebound would be supported primarily by the United States, the world’s largest economy will be back in 2018 a vigorous growth rates of 3%, the double of this year (1.5%) and more than the 2.3% expected for 2017. The president-elect Donald Trump has promised to make a major investment plan in the United States of approximately $ 550 billion to renovate the infrastructure, an ambition viewed positively by the IMF and the OECD, who see in this plan of massive investment as a lever to revive growth in the world.

On the other hand, pledges, protectionist have less odds. “Protectionism, and the inevitable trade retaliation that will

follow could greatly mitigate the effects of budgetary initiatives,” said Catherine Mann, without mentioning the name of the elected president.

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“Japan adopts a recovery plan 246 billion euros

Japan, who announced this spring, a fiscal stimulus plan, will impact on its growth more modest than in the United States, but the OECD has, however, greatly raised its forecast for this year to 0.8% (+0,2%), with a similar trend for the next year at 1% (+0.3%), but a decline of 0.8% expected for 2018.

Not boulversement in Europe

On the other hand, the OECD does not-for the time of great upheavals in Europe, where the expenditure budget is locked down to 3% deficit in the stability pact. Germany, the main economy of the euro zone, is expected to stagnate at 1.7% from 2016 to 2018.

The OECD lowers its growth forecast for France this year to 1.2% (-0,1%), below the 1.4% projected by the government. It would amount to 1.3% in 2017, and 1.6% in 2017. As for the Uk, the OECD maintains his pessimism after the referendum on the Brexit. If they revise slightly upwards its forecast for this year to 2% (+0,2%), it expects to a halt next year, with a growth that is expected to drop to 1.2% and slowed further by 2018 to 1%.

The organization also expects the continuation of the slowdown in chinese growth, which is expected to reach 6.7% this year, 0.2% more than expected, but down 6.4 per cent next year and 6.1% in 2018. Opposite trend for India: the OECD expects that this country maintains its strong growth, rising from 7.4% in 2016, to 7.6% next year and 7.7% in 2018. Brazil, which is experiencing a strong recession of 3.4% this year, it should get its head out of the water by 2017 (0%), for the return to growth in 2018 to 1.2%.