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Renault would be in the final stretch to complete the project that should enable it to accelerate in Russia. The manufacturer is about to conclude an agreement to take control of Russian automaker AvtoVAZ, said the Japanese newspaper Nikkei. Under the terms of the negotiations within reach, the newspaper said Nissan would purchase 25% of Avtovaz for nearly a billion dollars. Renault are already owns 25% plus one share of the Russian manufacturer since February 2008, the alliance would then become the majority share of AvtoVAZ, said Japanese business newspaper.

Thus, Carlos Ghosn, CEO of Renault-Nissan has made the rise in the capital of AvtoVAZ a goal of the alliance. In February, he said, hoped that discussions result in the current year.A source familiar with the matter, however, told Reuters that the talks would "probably take several more months."

After the conclusion of the agreement, the alliance would include assembling a compact car in 2012 in a Nissan factory Avtovaz of central Russia, and plans to build another production site in Russian Far East low interest personal loan. The three manufacturers might also produce a very low-cost car for emerging markets at a plant of AvtoVAZ, the newspaper said.

Like China, India or Brazil, Russia is a growing market that focuses the attention of automobile manufacturers: the next few years, four million vehicles could be sold annually in Russia, volume doubled from the current level. Renault aims to capture, with Nissan and AvtoVAZ, 40% of Russian market in 2015.Moreover, the entity Renault-Nissan-AvtoVAZ would be the third largest worldwide, with 7.23 million vehicles sold in 2010, behind Japan's Toyota and General Motors.

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U.S. stock markets open up on Tuesday. The Dow Jones advance of 0.32% at 12,126 points, the Standard & Poor's 500 and NASDAQ 100 respectively go up by 0.43% to 1292 points and 2713 points to 0.39%. On Monday, Wall Street has ended sharply lower. Markets are always hampered by bad macroeconomic indicators published U.S. these days who are fears of slowing growth overseas and the crisis of public finances in euro area continues to produce their effects.

Operators have very few indicators to follow this week to get a clearer picture of the economic situation. To 21 hours, however, U.S. investors will read the digits of consumer credit.U.S. carriers like their European counterparts, should be particularly attentive to developments in the crisis of public finances in Europe. Aurel BGC specialists also worry about the constraints of increasingly heavy burden on U.S. banks that ultimately risk, according to them to make them more restrictive in the distribution of credits. The real estate sector, already in bad shape for many years could suffer. The U.S. Treasury Secretary argues in favor of new rules to all U.S. financial world. It aims in particular the derivatives market.

On the foreign exchange market, the euro is rising against the greenback at 1.4666 dollar.The dollar is under increasing pressure since the announcement late last week to disappointing figures on the labor market in the U.S., where the economy has created three times fewer jobs than expected in May, and where unemployment rate went up against all odds. And the oil markets, a barrel of losing 25 cents in New York at 98.76 dollars while that of Brent North Sea fell by 41 cents to 114.07 dollars in the morning. Investors await a meeting of OPEC in Vienna tomorrow could decide to increase production.

The side of values, the paper group American International Paper (30.88% to 4.15 dollars) on Monday launched after the close of Wall Street, a hostile takeover bid for rival Temple-Inland for $ 3.3 billion in cash. International Paper has 30.6 dollars per share for 108.3 million shares floating.This represents a premium of 44% over the course of Monday afternoon, which was 21.21 dollars. Temple-Inland said that its board of directors rejected the offer of International Paper "after careful consideration" because it "grossly undervalues ​​Temple-Inland and is not in the interest of its shareholders" .

Apple Monday unveiled two new versions of its operating system Mac OS and IOS, and the novelty icloud should still be surrounded by very Bourse.

Sales of General Motors (+0.76% to 28.78 dollars) in China in May decreased by 2.7% over the same month last year, according to an AFP calculation based on Figures released Tuesday by the American manufacturer. The first global car market, GM has passed 190,674 vehicles. The group emphasizes that its sales in China for the first five months of 2011 reached a record of 1.079 million units.In 2010, General Motors was up 2.35 million vehicles in the Chinese market.

Also in the automotive industry, Ford Motor (1.87% to 14.17 dollars) is preparing to announce ambitious production targets, setting aims to sell 8 million vehicles a year by the middle the current decade, said on Tuesday the New York Times. The group, which currently produces 5.3 million vehicles per year, ranking it among the major automotive.In 2011, the global leader Toyota has sold 8.42 million vehicles.

The U.S. company RSA Security said Monday evening that information in connection with its products, recovered during a cyberattack, had served in another cyber attack against the defense group Lockheed Martin (-0.12% to 77.29 dollars), and proposed to replace its equipment.

The French group Mersen (ex-Carbone Lorraine), specializing in high performance components for industry, today announced a cooperation agreement "long term" with the U.S. manufacturer of glass and advanced ceramics Corning.

Walt Disney Studios (0.66% to 39.66 dollars) would consider dismissing 250 employees, or 5% of their staff around the world, especially at company headquarters in California (West), said Monday U.S. media specialist.

The British oil group BP (0.93% to 44.35 dollars), listed on Wall Street has informed the co-shareholders of its Russian joint venture TNK-BP that it might sell shares in it at Russian oil giant public Rosneft to boost its proposed alliance with the latter, says the Wall Street Journal on Tuesday.

It is a revolution as important as the emergence of the credit card there are more than thirty years! Within a few months, the mobile phone will be used to pay for purchases, store loyalty points, get discounts … It is a certainty, while Google announced yesterday the launch of its electronic wallet from that Google Wallet been to San Francisco and New York.

Mobile payments, we talk a long time. Japan had taken a step ahead. European operators will all work. The French have even launched last year in Nice with success, and Eric Besson, Minister of Industry, has promised that 9 other cities would quickly adopt it. But the announcement of Google reshuffles the cards and give a real boost. For three reasons.

First, its strike force.It is a global leader enters the market with other global giants MasterCard and Citibank, bank side, Ingenico payment terminals and telecom operator like Sprint. He wants to generalize his service in 20 U.S. cities by the end of the year. And already negotiate with major European operators to launch in Europe next year. Second, to pay with his mobile, it is that traders are also equipped with readers. Now Google will subsidize the market by financing the equipment traders.

Thirdly, Google goes far beyond the mere payment: the Google Wallet is a real vacuum services: it helps make couponing, store loyalty points and activate automatically. "It's awesome in terms of promise and customer value creation.Mobile payment alone is not profitable, what counts is the whole ecosystem of services around, "said Stéphane Dubreuil, director of the firm Sia Council.

Specifically, Google knows, thanks to Google Search, a search engine, you went 20 times on the Internet sites of course. He knows with Google Maps that you walk near a golf shop. He can with Google Wallet send you a promotion that will make you enter the store. Then you will pay and store your loyalty points. "There is a side Big Brother, which can be a hazard if struck public opinion, but the attractiveness and ease of product should forget that aspect," said Virginia Laz, associate director at Bryan Garnier.

The delay of Apple

This is the first time a giant web between and walk-in retail."Google returns to the brick and mortar and will potentially be able to receive a commission on all transactions in the physical world. It's huge! , "Says Stéphane Dubreuil.

The arrival of Google, if it gives a boost to mobile payments, is also dangerously compete others. From yesterday, eBay and its payment subsidiary PayPal, which represents 20% of traffic off the credit card payments over the Internet, filed suit against Google, accusing it of stealing trade secrets, especially in recruiting one of its leaders.

Apple, far behind mobile payments, is obligated to respond. Even if the future iPhone 5 allows to make payment, their model risk is still very closed to show its limitations.

Very symbolic. Having lost its place as number one global telephony to Apple last week, Nokia announced Wednesday the transfer of its Symbian mobile operating system to Accenture.

The first consequence of this partnership is the transition of 3000 employees of Nokia in the computer services company. The Finn gives a boost to abandon its system house for the benefit of Microsoft Windows phone, with which it has signed a partnership. Accenture will also mandated to work on developing Windows phone for Nokia. The group must now act quickly to address the backlog that builds up against its main rivals. For now, the battle is between Apple and the manufacturers who have chosen Android, including Samsung. Nokia and Microsoft are still on the roadside.The Finn has seen its global market share drop from 49% before the launch of iPhone in 2004 to 29% in early 2011. And this while the world market is booming.

The cuts in the number of Nokia do not stop there. Parallel to the outsourcing of Symbian, Nokia has announced the elimination of 4000 jobs by the end of 2012 payday advance. A measure intended to "align its human resources and operational sites with its new strategy," said the group, which now refers to the closure of some sites for research and development.

Repairing the lines

In total, therefore removes Nokia 7000 jobs. A restructuring that is part of his economic plan. Unveiled last week, he aims to cut one billion euros its operating expenses between 2010 and 2013, mainly through restructuring.An improved cost structure is mandatory, while Apple mocks the industry by posting a 50% margin on iPhone. This is ten times more than the operating margin by Nokia in the first quarter.

The group is facing a double challenge: it must develop one or two phones capable of competing with Apple and offer an application store as complete as those from Apple and Android. For now, the specification is far from completed.

However, ads Wednesday reassured exchanges. Nokia has won the title in Helsinki … 3.27% after having lost 25% since February 11, the date of the announcement of its alliance with Microsoft.

No democratic government would dare to address and to his people. "If they have no bread, let them eat cake" Marie Antoinette would have said in the fall 1789. Similarly in the third century, the Chinese emperor Huida Jin replied to his subjects desperate to get rice, "Why do not they eat meat?" Such arrogance is more appropriate. But strangely, the board would surely relevant today. In our industrialized societies and hypertechniques, buns, indeed, increasing more slowly. They are sometimes even cheaper than home-made bread. It's the world upside down: the more a product is essential and its prices are soaring.And conversely, anything that is sophisticated, even a questionable value, such as electronic gadgets, continues to be cheaper.

The remark of Marie Antoinette, perhaps apocryphal – Jean-Jacques Rousseau, who died eleven years earlier, told the same thing to a "princess" in his Confessions – anticipates fully functioning modern economy. Core resources become scarcer and more expensive, but we regorgeons of superfluous goods.

Americans talk about "biflation"

This paradox is one of the structural features of globalization, as we said Xavier Timbeau, director of the OFCE (French Observatory of Economic Conditions). On the one hand, rare goods, whether oil, farmland, building land or water, whose supply is naturally limited.On the other, the industrial production capacity almost endless with the arrival of new players and technology advancement. The Treasury has calculated that the Bercy "the global labor supply has more than doubled between 1980 and 2006" on the market of international trade. And that's not going to stop. The UN considers that 'the world's population of working age will increase by 40% by 2050. " Even the experts the less catastrophic, as the International Energy Agency, never imagine that oil production is growing at this rate. It instead addresses his reflux.

This disparity between two types of products has already resulted in a dramatic upheaval in relative prices. In France, "the purchase price of vehicles" increased from just under 10% since 1998, according to Insee, while "fuel and lubricants' jumped 78%.These figures do make sense only when compared to the higher minimum wage that was 46.8% over the same period. "The acquisition of a car is less expensive, but it is more expensive to roll," says Xavier Timbeau. INSEE also considers that the cost of using a car weighs 2.4 times more than its purchase in the budget of a French household.

Across the Atlantic, the Americans, always eager to create new concepts, coined a neologism to express this reality in two speeds. They speak of "biflation", meaning the coexistence of inflation and deflation. "Inflation is What We Need, deflation is What We Want" on one side, sharp increases for all products required, which can not be happen in real life and on the other hand, price declines for purchases may be delayed.Housing and automobiles belong to this second category, because U.S. households, overburdened, are reluctant to use credit, which tends to depress their markets.

The "bi" is characteristic of periods of transition

The very term "biflation" was created in 2003 by Osborne Brown, a financial analyst from Phoenix Investment Group, at a time when there was already wondering if the U.S. economy did not run the risk of depression. The debate has rebounded in recent months with the monetary policy of the Fed chairman, Ben Bernanke. The head of the U.S. central bank says there is no inflation in the U.S., since the increase in consumer prices is just 1.1% over one year if one ignores food and energy.

But the price of gas soaring, now exceeding $ 4 a gallon (3.78 liters) in California, when they fell to $ 1.67 in December 2008, the worst of the crisis Financial. Heavily enough to amputate the purchasing power of households. Bernanke is also accused by the Republicans to fuel speculation on commodities, through its policy of cheap money too. Which penalizes savers, particularly pensioners, whose income depends largely on the level of interest rates …

France is also struck by the syndrome of "biflation", although unlike the U.S. housing market would rank rather camp in the inflationary exuberance for reasons of physical inadequacy of housing specific Hexagon . There is no doubt that the term "biflation" is spreading among us.In the press, swears by the "bimédia" to describe the juxtaposition of newspapers printed (print) and information sites on the Internet (Web). The "bi" is characteristic of periods of transition. Oh so painful periods, as at dawn and dusk, when no one knows distinguish between dog and wolf.

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Good news for consumers. The Regulatory Authority for Electronic Communications and Posts (ARCEP) announced Thursday a further decline in mobile termination rate from 33% in July to EUR 2 cents per minute on 1 July and 25% at 1 January 2012 to 1.5 cents, and 33% from 1 July 2012 to 1 penny. For the first time, Bouygues Telecom has aligned its competitors, while it had previously enjoyed more attractive tariffs to compensate for the fact that it came later that Orange and SFR on the market.

The steady decline for years that the wholesale rate that will bill them traders, had a direct impact on the price paid by the consumer. It is this drop in prices which has allowed carriers to launch regular called "Abundance" with unlimited calls to certain time slots or to certain numbers selected by the subscriber.It again this fall in wholesale prices which allowed for a few months some traders make free calls from a landline to a mobile. But Arcep, which aims to reduce the average bill in the French mobile phone since late 2008 reducing the cost of call termination charges that one operator to another communication channel to one of its customers, believes there is a "distinct evolutionary potential."

The reduction in call termination, which affect the price paid by users, is sought by consumer groups and supported by the European Commission. Telecom operators are generally opposed. The movement is widespread in Europe.This week, the UK telecoms regulator, Ofcom, announced a 80% decline in wholesale prices in Britain by 2015 to 0.69 pence per minute for four operators (O2, Everything Everywhere Vodafone and 3 UK).

Naproxcinod is not dead. That's what investors seem to say this Friday, while the French biotechnology company NicOx, and Spain's Grupo Ferrer Announce an option to license the molecule NicOx 'lead. This product, a treatment against osteoarthritis of the knee and hip, was developed by NicOx for 15 years, and could be co-marketed by the Spanish in Germany and Spain. In these markets, biotech remains free to enter into agreements with other partners. Grupo Ferrer could also sell the product exclusively this time, Greece and Portugal.

This type of partnership between laboratories and biotech is quite common, while the latter, the new pool of pharmaceutical research and development, have not most of the time the business skills to sell their product.Still, the agreement between the two groups is a license option, the exercise remains subject to the approval of Naproxcinod potential on the European market. A record of the authorization (MA) was introduced in December 2009 with the European Medicines Agency (EMA), which should make its decision around mid-2011. "Ferrer could decide not to exercise the option even in cases where the Naproxcinod would be approved" also stipulates the joint communique of the two groups, illustrating the fragility of the partnership.

A "deal" of 7 million euros

Naproxcinod If approved, NicOx may receive 7 million euros from its partner, put in crossings of regulatory and commercial milestones, upon approval and based on sales in the form of royalties.However, a number that must be weighed against the EUR 150 million has spent to develop the biotech Nice product.

At the Paris Bourse, the title historically very volatile, advanced 9.5% at midday, to 2.40 euros, after having soared by 12% at the opening, investors betting on a leave of product on the Old Continent. A stock surge more powerful than the title, is now scrapped. Object of speculation, it was close again early in 2007 to 25 euros, the market relying on the ability of Naproxcinod to exceed one billion dollars in sales. Since then, the regulatory environment has tightened, and U.S. health authorities have refused registration in the U.S., where Naproxcinod had the biggest sales potential, causing the meltdown of the title.NicOx has challenged the decision, but shall probably conduct new clinical trials cost time and money if he wants to win at all costs the United States.

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In late May, six of the sixteen members of the College of AMF should be renewed. The opportunity for the president's stock market watchdog, Jean-Pierre Jouyet, placing governments to their responsibilities in terms of parity. "We must be consistent with what we proposed or imposed by law," said Jean-Pierre Jouyet in Le Figaro.

In 2016, boards of directors of large companies will have 40% women. College of the MFA, they are now … two. "It would take at least five" in the eyes of its chairman, who called for those, starting with the Minister of Economy, who will appoint the six future members.Jean-Pierre Jouyet same ideas profiles that could be the case, they run businesses (Dominique Heriard-Dubreuil at Remy Cointreau or Stéphane Pallez, France Telecom) manage funds (Isabelle Bouillot) are derived from academia (Marie-Anne-Frisian Roche).

Chairman of the AMF also cites the example of Michele Monavon which unites the employee shareholders.

The new boss of the French Agency for Safety of Health Products (AFSSAPS), Dominique Maraninchi had set the tone last week. He had planned to clean up the agency. The goal is to reset the counters to zero after the scandal of the Mediator, the drug marketed Servier Laboratories between 1976 and 2009 in France and who would, according to various studies, caused the deaths of 500 to 2000 people. Fifteen months of the presidential election, the mission entrusted by Xavier Bertrand, Minister of Health for the former president of the National Cancer Institute, is to restore French confidence in the authorities who are responsible for the health public including Afssaps supposed to be the policeman of the drug.And of course, avoid at all costs a new health scandal.

According to our information, the names of the first people who will be excluded were communicated. He is the head of risk monitoring and usage of the drug, Anne Castot, and the Head of the Department of Pharmacovigilance, Carmen Kreft-Jais. They leave their duties in the month of June. In taking this decision, the executive director of the agency's target drug pharmacovigilance, expected to monitor the risks of the drug and failed for over thirty years with the Mediator. However, it does not question the experts in charge of permits on the market (AMM) that they decide whether to give a laboratory green light to start marketing a product but also to suspend instant payday loan.However, the MA committee has not shone in the case of this drug for diabetics who are overweight but widely misused as an appetite suppressant. Belgium had decided in 1977 not to authorize the Mediator due to its anorectic effects.

Blacklisting

"You have fuses, lamp-! Anne Castot and Carmen Kreft-Jais had a head above them, "says one expert Afssaps. A view shared by many agency scientists. "We're doing the blame solely pharmacovigilance. However, in the late 1990s, our specialty had identified the effects that this drug could have (our editions of Dec. 2, 2010). By cons, in 2007, the Board authorized placing on the market explained that the risk-benefit balance was in favor of the Mediator!, "Protested another expert.The MA committee has not classified as an anorectic drug, which would have earned a withdrawal from the market in the late 1990s.

"The issue is not to knock heads, but there is a problem in pharmacovigilance compared to what happened with the Mediator," explains Dominique Maraninchi his side who says wanting to "protect" Anne Castot and Carmen Kreft-Jais' the exposure they have suffered. " The decision to blacklist pharmacovigilance comes as some regional centers (France into account 31) would be endangered.

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The president, Nicolas Sarkozy will close the conference on Tuesday on the issues of addiction, which opened to the Economic, Environmental and Social Committee (EESC). His speech will be preceded by meetings of ministers in charge of the case, Roselyne Bachelot and Marianne Montchamp. As announced in Le Figaro, the first, which consultéles main political party leaders, labor partners and association leaders had to submit plusieurspistes reflection. The Minister then stated that no one model "turnkey" he had not been proposed, however a number of priorities such as maintaining the principle of free choice between home care and care in an institution, or the unanimous rejection of a privatization of the discussions emerged.

These beliefs are shared by the majority of the French.According to the barometer Provident Bank Post Tribune, they always plébiscitent state intervention since the three-quarters of them favored a care dependency through taxes and fees: 83% of respondents asked and development aid. They are very few take steps to finance the venture themselves. Only 18% of those under age 45 say they have purchased a financial product to cover that risk cash advance loan. The creation of a compulsory care insurance is not overwhelmingly rejected. 42% of French say they favor the establishment of such contracts as of 50 years. The more than 65 years are 56% similar to recognize the usefulness of such a measure. According to the barometer, the greater the expectation for "assistance to caregivers," whether an adjustment of working hours or training.28% of French people aged 35 to 75 years were in fact a dependent person in their environment or their home.

The EESC president, Jean-Paul Delevoye was commissioned by the Prime Minister to submit a report on the subject by June. Part of the reform in 2011. The second will probably be introduced in 2012, after the presidential election.

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