Action Samsung lost nearly 18% in three trading days. Involved? A decision by Apple. The U.S. has chosen to change supplier for certain processors. Moreover, according to many rumors, Apple, which is the largest customer of Samsung is reportedly soliciting Taiwanese companies to further diversify its sources of supply. Bad news for Korean, a measure of wisdom for the American who does not want to depend on its main competitor. Samsung and Apple combine the trial, thirty between them in the world. They accuse each other of copying or infringement of patents. Both companies also try to end the dispute by signing an agreement that they would not divorce. Paradoxically because Apple is more dependent than the other Samsung. The U.S. represents 5% of sales of its competitor, while Samsung is about 25% of the production cost of an iPhone, according to Citigroup check cash advance.

In addition, the two groups are fighting to win the leadership in the smartphone market. For now, Samsung is leading. It should maintain its lead with the launch of Galaxy SIII, its flagship terminal, unveiled in early May. Source of satisfaction, Korean has recorded 9 million pre-orders for the SIII. A victory for any advise him "enjoy". Already last year, Samsung was gone very quickly, before their hair done on the wire by Apple and its iPhone 4S. However, the firm at the apple should market its next iPhone next fall. What boost its sales.

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In 2008, he cherished the hope of becoming the first secretary of the PS. But he had finally lined up behind the candidacy of Bertrand Delanoe. In 2011, he thought he could be a candidate for the Socialist primary. Then he threw in the towel, choosing to support Dominique Strauss-Kahn, then rallying to Francois Hollande not without obtaining the position of campaign manager. Pierre Moscovici, 54, has learned to give up. Here he is rewarded. He is back in force since the government assigned the Ministry of Economy, Finance and Foreign Trade. Certainly it does not get the Quai d'Orsay, which he dreamed, Laurent Fabius was preferred to him. But he inherited a portfolio to match its ambitions. And thereby in passing some disappointed, Michel Sapin in mind. "Mosco" consensual socialist, social democrat, is now a heavyweight team Ayrault, number five in protocol order.

It is he who will be at the forefront of the debt crisis. There is no shortage of assets since knows the workings of Europe. He was, for five years, from 1997 to 2002, Minister Delegate for European Affairs in the Jospin government. At the time, the rise of the Express near the then prime minister, who had just been elected deputy of the Doubs for the first time, had been criticized. But he will prove himself. Former MEP, a graduate of Sciences Po and ENA, he will prepare no quack the French presidency of the EU, negotiating the Treaty of Nice and the European Constitutional Treaty. During this period of cohabitation, he managed also to find his place against Jacques Chirac. In fact, the President of the Republic and the Socialist Minister for European Affairs are of course in these five years: Chirac taking the young minister with no experience under his wing, even to comfort him when he doubted. An agreement with Lionel Jospin was annoyed.

After the failure of the left in 2002, Moscovici was defeated in the parliamentary elections in the Doubs. A year earlier, he had already failed to municipal Montbéliard. Without parliamentary seat, without mayor, he tried his luck with the 2004 European and found his seat in Strasbourg. In 2007 he was again legislative candidate in the Doubs. This time he wins.

Pierre Moscovici, tried by the Revolutionary Communist League when he was young, joined the PS in 1984. He was close to Michel Rocard, Jospin and Dominique Strauss-Kahn, his former professor at the ENA. He is the son of a social psychologist Serge Moscovici, who was a member of the Romanian Communist Party and fled his country in 1947. Pierre Moscovici was the first to openly criticize the Socialist Francois Mitterrand and his relationship with Rene Bousquet. "What shocks me, he said, is that he can spawn with someone who has been a tool of the state anti-Semitism and an accomplice of the final solution of the Reich." … …..

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In the wake of its entry in the booming mobile market, Free Mobile revealed it had won 2.6 million customers in late March, while Orange was losing 615,000, 620,000 SFR and 89,000 MVNOs. "Never an operator has won as many customers in as little time," said Xavier Niel, founder and owner of Free.

The small sign operator and a great commercial success and won the bet he had set himself. Indeed, he won 4% market share on the mobile in 80 days. Its goal is eventually to have 25% market share.

Satisfaction is complete for Xavier Niel, especially as Free has received the "halo of mobile" on its activities as a fixed, where it now exceeds 5 million subscribers: he recorded a 50% market share recruitment broadband in the first quarter of 2012 and its activity is fixed in 9.8% growth over the quarter. Leaves to change operator in the mobile, and to benefit from even better prices, some customers were quick to switch their internet subscription and exchange their old box against a Freebox.

Impact difficult to quantify

Remains now is whether this success will continue over time, while competitors such as Orange, SFR, Bouygues Telecom and Virgin argue that the bleeding has stopped customers since mid-March and they recover even customers parties at Free.

Free, which shows a quarterly revenue up 29% to 656 million euros, did not give the average revenue per user (ARPU), a key figure in the telecoms field. He simply said that customers were divided "balanced" between the subscribers of a subscription to two euros and those who opted for a more profitable subscription to 19.99 euros a month.  

Therefore difficult to measure the impact of the launch of Free Mobile on the margins of the operator. "The quality of the distribution of offers within the mobile subscriber base is evidence of a sustainable business model and economics," Free said simply. In sales, the mobile has generated 97.5 million euros, of which 11.5 million euros from the sale of terminals and 86 million for the telecom services business. The set weighs about him almost 560 million euros.

History does not put all your eggs in one basket, the agricultural subsidiary of Charles Beigbeder, AgroGeneration, just move up a gear in Argentina. The company created a joint venture with a local partner, the group La Suerte Agro, belonging to the family Lacau, whose roots lie in the Beam. It is present since 1880 in the agricultural sector in Argentina.

The partnership covers the operation of 14,000 hectares of GM crops: wheat, soybeans and corn. "The first risk is of a farmer's climatic hazard, said Charles Vilgrain, CEO of AgroGeneration. The best way to protect yourself is to be present in the northern hemisphere and southern hemisphere with a harvest every six months. Not to mention that it also divides the political risk. "

The partner brings AgroGeneration Argentine land, the French entrepreneur, his expertise in the development of farmland. Already present in Ukraine, the group, which cultivates 50,000 hectares, is located in the upper range of yields published by other international actors, for example with 4 tons per hectare for wheat and 1.8 tonnes for the rapeseed.

As in Argentina, the company does not own the land it operates in Ukraine. "This is a less capital-intensive investment," says Charles Vilgrain. Thus, to 2,000 euros on average per hectare of land quality in Ukraine, AgroGeneration should have spent 100 million euros to get their hands on the land he tills. The company preferred to hire them. Result, it quickly became profitable. In 2011 it produced nearly 164,000 tons of grain for a turnover of more than 23 million euros and a net profit of EUR 2 pay day loan lenders.3 million. But the adventure might not stop there way.

Strategic areas

"One day we will also be in Africa, there is much to do to meet the growing population and needs five times more important in agricultural commodities in the next fifty years, said Charles Vilgrain. There are three strategic agricultural areas in the globe where you must be: the Eastern Europe, Latin America but also Africa, the official added. International groupings have already taken place at the trading level of the meat but not at those specialized in field crops such as wheat. AgroGeneration wants to get the ball rolling. "

A vein that attracts the greed of investors. "The agricultural commodities sector is increasingly financialized," said Michel Portier, Agritel manager specializing in risk management on agricultural commodity prices. Other examples: the land of the management company Pergam Paris, Campos Orientales. "We have 30,000 hectares of farmland in Argentina and 25 000 hectares in Uruguay, explains Olivier Combastet, président.Notre its production is very diversified in rice farming, wheat, barley or soybeans. "Closer to home, Russia, Dreyfus, through its holding reset Agro, already controls 90,000 hectares of farmland and 150,000 hectares is the term.

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Cards, Vitale, SIM for mobile phones, biometric passports, Navigo … The smart card, created by Roland Moreno, resulted in a multitude of high-tech objects indispensable in our daily lives. Amateur science fiction, self-taught, this French born in Cairo in 1945 and died Sunday in Paris had the idea to invent a portable device to store information. He had filed the first patent of the smart card in 1974 and it took him eight years to convince bankers, RATP and other industrial utility of his invention.

A small fortune

But his perseverance has won the chip has become a social phenomenon on a global scale. And Roland Moreno has made a small fortune. "Before the patent of the smart card does not fall into the public domain in 1998, it brought me close to 150 million euros. Since I saw through the excess cash, "he explained in 2007 the newspaper La Croix.

The inventor has sold ten years ago its shares in Gemplus, a French manufacturer of smart cards. But he remained at the head of his company Innovatron, which continues to collect fees on contactless cards as Vélib 'or Navigo. A method based on radio transmission of data qu'Innovatron was developed in 1994 with the RATP.

Passionate about new technologies, Roland Moreno worked in parallel, to launch a poker site online. He was also busy writing the second volume of the ambient theory brothel, a book which is against the "tyranny of the original in the field of art."

From our correspondent in the United States flexes growth in the United States. After a fourth quarter where expansion had reached 3% annual rate, that as the economy slows to 2, 2%. This is slightly less than expected.

A decline in business investment of 2.1% is largely responsible for this disappointing performance moderately. However consumption, traditional locomotive of the U.S. economy, climbed 2, 9%, against 2, only 1% at the end of last year. This is encouraging. And especially since U.S. households saw their moral improvement in April to its highest level since February 2011. Households are optimistic about economic recovery, although they are less confident when it comes to their personal financial situation?

The acceleration of consumption can not only offset the decline in investment, but it also helps to overcome the slowdown in inventory rebuilding. From January to March, rising stocks is liable only for 0, 5% growth yoy.

During the previous period, the increase in inventories was represented more than half of the increase in gross domestic product (GDP). From this perspective, growth in the first quarter seems healthier than October to December, although it is more modest bad credit personal loan lenders.

Decline in military spending

A third unexpected factor slowed the U.S. economy: the decline in military spending. It explains the drop in 5, 6% annual rate of all federal spending, while states and communities continue their part to save money.

"The key factor explaining the worse than expected performance of the economy, the decline is much sharper than expected public expenditure … But that does not reflect at all the health of the economy. It is certainly disappointing that business investment has declined, but this may be temporary, "said Mark Zandi, chief economist with Moody's Analytics.

Figures released by the Commerce Department does not seem to alter the waiting position of the Federal Reserve, which plans to leave interest rates to the floor until the end of 2014 .. In reviewing a slight increase to almost 3% growth forecast for the current year, it implicitly rejected for the moment to launch a third round of quantitative easing, ie net purchases of Treasury securities in order to drive down long rates.

Christine Lagarde is more than ever determined to "increase the firepower of the International Monetary Fund", that its financial resources. But if the euro area "is the epicenter of the potential risks" of the global economy, "Europe is not alone … We're not obsessed with one area," said Thursday in Washington, the Executive Director of the IMF during a press conference that opened two days of spring meetings of IMF and World Bank.

Capacity building support from the Fund will be the highlight of the discussions involved in particular the G20 finance ministers. Christine Lagarde has renewed its appreciation to Japan, "the first country that has decided to commit themselves" to the tune of 60 billion euros, while acknowledging "the Scandinavian countries who responded to the call and Singapore."

The Japanese contribution is the first quantified commitment to a non-European. This is in addition to those States of the euro area itself, which from the outset, have said they would put 150 billion euros in the pot (just under $ 200 billion). But Christine Lagarde, who had advanced earlier this year the figure of 500 billion, reduced its ambitions "to just over $ 400 billion" figure it has itself argued in an interview Tuesday Italian newspaper Il Sole 24 Ore.

Bilateral borrowing agreements

The negotiations will be very difficult and should not be concluded this week with the aim of reaching agreement at the annual meetings of October 2012 in Tokyo. On behalf of the United States, Tim Geithner, Treasury Secretary, said two days ago that his country "would not put money" but would support those participating in the operation business card design. Recall that this strengthening of resources take the form of bilateral loan agreements with its 188 member countries (including the last admitted this week is Southern Sudan). It is not a capital increase of the IMF, as such. Now this is where the rub the side of the emerging countries, including China and Brazil, who would like to link this extension means the Fund to an expansion of their representation. Now it is even less question that the last reform of 2010 increasing quotas and powers to the board in favor of emerging countries mainly, has still not been ratified by the necessary majority. Within the G20, Argentina, Canada, Germany, Indonesia, Mexico and the United States, have not yet ratified, do we reported to the IMF.

Christine Lagarde must also combat the widely held in international public opinion that the firewall is only designed to help Europe, Spain and Italy, among others. She also found that Spain does not need assistance plan "for now".

Executive Director of the IMF insisted on Thursday the new initiatives launched recently, as "the trust fund for the poorest countries", mentioning also "the five countries of the Arab Spring, for which we need more resources." But the difficulty is to find a common agreement with the governments, especially with Egypt, for which the loan of $ 3.2 billion from the IMF, which should be a catalyst for international aid, is still pending .

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When companies come to the aid of National Education to better support youth in their future educational and vocational guidance. It is the sense of partnership on Wednesday that the sign of the global giant Accor hotels and restaurants with the Minister of National Education, Luc Chatel.

"The group is engaged since 1993 with the Ministry of Education since it was the first French company to sign the foreground job. But today it is a partnership with a major action plan and quantified over five years, "said Christophe Alaux, CEO of Accor in France.

Often highlighted for its ability to set foot in the door for young or unskilled, through comprehensive training courses and tutorials, Accor's commitment revolves around three main areas: promoting the attractiveness of trades hotels and restaurants (it develops over a hundred through its seven brands) among young school students, enhance the employability of its employees and increase the effectiveness of teacher professional sector.

Each of these areas is accompanied by targets. Accor is committed to welcoming and 3500 youth courses each year. The group will also invite every thirty years of college and high school classes to spend a day in a hotel, while half days in the individual hotels will be offered to college students in fourth and third to help orientation. "A measure aimed at young and unskilled in Ile trouble employability provides Accor organizes a week of immersion in a hotel in France followed by a 13-week stay in Britain including four weeks of language preparation and 9 weeks of training in hospitality, "says Antony Recher, the new HR group, stressing that" the group can give opportunities to public school in big trouble. "

Train teachers

Teacher training side of Trades Catering, Accor plans to take several initiatives. For it is true that innovation is a poor cousin of the present teachings. "We will offer two days of training on revenue management and distribution to the Accor Academy, for 30 teachers each year to train for new jobs in the hotel," says Christophe Alaux. The group also make available educational materials teams and teaching tools (including e-learning software). Professors of the third class will also be greeted by complete immersion for a period of 4 days to discover the hotel trades and receive lights on profiles and skills needed in the sector.

The last part of the agreement, the employability of employees of the group, it will be characterized by the rise of APEL (accreditation of prior experience), puisqu'Accor agrees to accompany each year 100 employees in this process. Each brand group will choose a particular function: Novotel for example decided to help its managers accommodation and restaurant in the VAE for obtaining a BTS housing and tableware. Pullman could commit to careers in housekeeper and maids while watching the IBIS technical track maintenance. In 2011, Etap Hotel, Hotel F1 renewed its device VAE for a group of nine directors, who obtained the Bachelor program of Rouen Business School.

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China's growth slowed in the first quarter to 8.1%, year on year, confirming the end of the runaway Chinese engine. The Middle Kingdom and shows its lowest growth rate in three years. The country is hit by falling exports due to the debt crisis in Europe.

The gross domestic product (GDP) grew by 8.9% in the last quarter of 2011. Figures released by the National Bureau of Statistics (NBS) on Friday, expected to bolster the central government in its choices. In March, Chinese Premier set the objective of growth of 7.5% in 2012, advocating a rebalancing of GDP, still driven by exports and investment in favor of domestic demand. Consumption is doing well: the pace of retail sales accelerated to 15.2% for the month of March. Industrial production grew, meanwhile, 11.9%.  

The World Bank expects a soft landing for the Chinese economy, she sees grow 8.2% this year and 8.6% in 2013. But Beijing remains cautious about the risk of an abrupt slowdown of the economy too. The Government therefore continues to ease monetary policy. Last month, the volume of bank lending surged to $ 160.1 billion, their highest level in over a year.

Inflation, although more moderate than last year, remains under surveillance. The index of consumer prices rose 3.6% last month. Political leaders, fearing that soaring prices will feed social discontent, should continue to ensure that it is controlled.

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Two Greek citizens seeking nothing less than the cancellation of the debt exchange transaction completed on March 12, which allowed Greece to considerably lighten his burden. A wealthy widow of 76 years and a retired undertook to continue the Greek state court, aggrieved by the restructuring of sovereign debt to their country, they held bonds. The widow puts its losses at around 200,000 euros and 4000 euros retired, or about half of their initial investment. "This is the first time that Greek investors take legal action against the state by asking the court to declare illegal and unconstitutional the decree implementing the debt exchange," said a source at Reuters court.

March 12, Greece is indeed managed to finalize the largest debt restructuring in history. 85% of private creditors – mainly banks, insurance companies and funds – have agreed to exchange their obligations under Greek law against new longer maturity bonds, and a value less than half. A massive turnout, which allowed Greece to force reluctant investors to participate in turn in the exchange, that is to say to make losses. With this agreement, Greece has reduced its debt by 107 billion euros, a total of 350 billion euros installment payday loans. A prerequisite to payment of a new international aid, totaling 130 billion euros, of which Greece was badly needed to meet its deadlines. This debt forgiveness can also expect the country to achieve a ratio of debt to GDP from 120.5% in 2020.

This is the start of "collective action clauses", by which Greece has forced investors reluctant to join the exchange, which is currently being challenged by some of its creditors. 110 of them, a German national, had already announced, following the restructuring, they had hired a law firm to seek redress. This is not so much the outbreak of collective action clauses is disputed, the fact that these clauses have been introduced retroactively. Some creditors believe that the rules were changed along the way, illegally. The judicial process may however take several years. Argentina, who also conducted a decade ago to a partial restructuring of its debt is still within the scope of prosecution.

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