Park the car with his phone

This is one of the innovations that made the most about her at the Frankfurt Motor Show. The French supplier Valeo has developed a system, called Park4U Remote, which allows to park your car while remaining outside it, with his mobile phone.

The application detects the parking spot, then maneuver the car away, receding, Braque, braking, forward and contrebraque any one until it is completely parked. The Utisa has to keep its finger on the smartphone to make the whole operation.

To stop everything, just lift the index. Interest: fit into small spaces on the street or parking lot, between two poles, without damaging the vehicle. To leave, you can also get the car out of the slot with his phone, if the door opening is made difficult by the narrowness of the place.No release date is currently indicated by Valeo, which currently markets a parking assist system semi-automatically.

One thing is certain, if this product becomes public, be flying his phone will become more annoying than ever.

Automotive: car pulls herself

Player Figaro BFM

Crucial week for banks

The week promises to open high risk for the European banking sector in general and French institutions in particular. Literally slaughtered on the stock market since the beginning of the summer, the banks are preparing to face new headwinds. While the Europeans this week to finalize the second bailout of Greece, the rating agency Moody's might, according to some rumors, lower the credit rating of three French banks, BNP Paribas, Credit Agricole and Societe Generale. June 15, the agency had placed under "surveillance" for three months, with "negative outlook" because of their exposure to Greece. If she sticks to what she had said before the summer, Moody's lowered by one notch notes BNP Paribas and Credit Agricole and two notches that of Societe Generale.During the weekend, Moody's and the three banks involved have declined to make any comment.

The Perfect Storm market, this change of note, even anticipated, will be a blow to those banks seeking to reassure investors about their ability to refinance. The climate is harmful: the action of Societe Generale, the most attacked by the markets, has lost 56% since January 1, BNP Paribas, Credit Agricole and 37%, 43%. The European banking index at the same time dropped by 35%.

Troika in Athens

The tension is escalated Friday when the very orthodox chief economist at the European Central Bank (ECB), the German Jürgen Stark, resigned to show his disagreement with the assistance provided by the Mint of the fragile the euro area, including Italy and Spain, as a redemption of their bonds on the market.To make matters worse, banks are reluctant to lend to each other. Deposits from day to day banking in the euro area with the European Central Bank (ECB) are at record levels.

This week, representatives of the troika (EU, IMF and ECB), to oversee the accounts of Greece, it will return. They had left unexpectedly in early September, saying that Athens had not fulfilled its promises in terms of privatization and economic reforms. The Greek government has given additional pledges Sunday and EU Commissioner Olli Rehn said he was confident in the prospect of an agreement by the end of the month. Time is short indeed: Greece is in dire need of approval from the troika to receive a new tranche of EUR 8 billion taken from the first aid plan in 2010. A refusal would mean the default.Banks that have lent money, would suffer, while heavy losses.

In this context, the debate rages about whether European banks, which hold their balance sheets in packages of loans to countries in fragile states in the euro area are adequately capitalized.

August 27, Christine Lagarde, the executive director of the IMF, had felt it was "urgent" that the European financial institutions reinforce with new capital. Saturday, it reduced his remarks, adding that the figure of 200 billion euro recapitalization needs of European banks was only a preliminary estimate "under discussion" …

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Canal + TV enters the plain by buying Direct 8

Canal + has crossed the Rubicon and wants to become a major player in free television in France. Thursday, the group led by Bertrand Meheut announced the takeover of Direct 8 Direct and Star, two DTT channels free of the Bolloré Group. Initially, Canal + buys 60% stake in the TV division of Bolloré Media and awards it operational control. In three years, he may redeem the remaining shares. The operation was buckled in 48 hours! "I know and appreciate for a long time the leaders of Vivendi, Jean-René Fourtou and Jean-Bernard Levy, and Bertrand Meheut, CEO of Canal +.I am very pleased to be associated with such a good team, "said Vincent Bollore, Bollore Group CEO.

Gone are the days when the giants were the audiovisual respect the Yalta on TV: TF1 and M6 to the largest piece of the free TV, Canal + in the world of pay-TV and its 11 million subscribers. In France, the two families have substantially the same size: just over 3 billion euros for free TV financed by advertising and about $ 4 billion to pay.

After struggling for years to ensure a near-monopoly on pay TV (up to buy its rival TPS), it will not take long to Bertrand Meheut to tumble into force on the television commercial. Now a subsidiary of Vivendi will have three frequencies of DTT: iTV, Direct 8 Direct and Star.Be as much as TF1 and M6 more than the group which, in addition to the namesake chain, has only W9. For Bertrand Meheut, this operation meets the logic of "creating strong audiovisual groups able to defend themselves both on the live broadcast on the non-linear over the Internet. This will increase the value of our programs will experience an exclusive first exhibition in pay and free TV in a second. And pay-TV business is our heart. "

465 million for Bolloré

If this sounds like a declaration of war groups TF1 and M6, the marginalized, at the same time, the few independent French media landscape, and BFMTV NRJ12. With the launch of DTT in 2005, the Higher Audiovisual Council wanted to bring new players in the PAF: Bolloré Group AB, NextRadioTV and NRJ Group.But since the first two have sold their frequencies. Claude Berda NT1 and TMC has given its ally TF1. Bolloré sells Direct 8 Direct and Star in Canal +. The two remaining independent are the big losers. For its part, Bolloré Media made a good deal. Since 2005 he has invested hundreds of millions of euros in Live 8 and 70 million euros for the acquisition of Direct Star. Five years later, it enhances its flagship TV to 465 million euros! The channel Direct 8, mini-general, would be about 350 to 400 million euros. Direct Star would be a hundred. "We have successfully completed the first phase by creating Direct 8 from scratch and placing it among the first of TNT.But for the second phase, which will see all the media groups to engage in significant competition on the content, we decided to partner with a large broadcasting group, "said Vincent Bolloré. The myth of an audiovisual largely open to competition turns into a clash between three private-TF1, M6 and Canal + – and a public group, France Televisions. With their financial firepower, the first three will fight a war without thank you for the acquisition of content.

Add to this a sharp competition for advertising. Canal + now has a board weighing 400 million. Bertrand Meheut is trying to calm things down by stating that "this partnership does not change the industrial landscape, since we are in the continuity of existing channels. We are small in this market for free TV. "He recalled that "TF1 and M6 are, conversely, present in the pay television." It is unclear whether this is enough to calm things down, because, at the same time, the president of Canal Plus says it does not want to "abandon its free channel Canal 20" under channel offset. In this case, Canal +, which exceeds the number of authorized frequencies (maximum seven), should sell two. "It will sell certain frequencies paying," he says. The chain may be referred planet, present on the DTT.

This comes on the eve of the presentation of the report of Michel Boyon, president of CSA, the future of DTT. It is now a fait accompli. The media landscape is recomposed without him. If Canal + bought Direct 8 Direct and Star, the future of DTT is widely drawn.The TF1 group is in a strong position to demand not only the transfer of its news channel LCI of DTT (where it is marginalized) to DTT. But Nonce Paolini, CEO of TF1, claim compensation as a string, which should be TV Breizh. For its part, the M6, if he will not be weakened, will support its claims. He also wants to transform its pay DTT channel Paris Première chain free. And he also wants compensatory chain among its two projects WikiTV M6 family.

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MEDEF Summer University: the owners remain optimistic

The storm that hit financial markets and threats on the European and American do not worry the bosses from all over France who participated Thursday in the second day of the MEDEF Summer University organized on the campus of HEC Jouy-en-Josas (Yvelines). After facing the worst financial tsunami in September 2008, they are determined to stay the course. "Companies that seek growth, continue to seek growth. Those who curl up, continue to shrivel, says Stephen Bernard, Bernard Controls CEO and Chairman of the MEDEF TPE-ETI. The only danger could come from the banks if they change their attitudes vis-à-vis SMEs. We are regularly out on all the work done during the crisis of 2008 to pursue a genuine dialogue with the bankers.I am confident because companies can not grow without banks. "

In July, a survey conducted by the MEDEF Ile de France, reported a cautious business leaders in investment and hiring in the coming months. They showed a greater reluctance at the beginning of the year. Recent events have not changed their perception. "Business leaders know that the current financial difficulties do not have the same basis as in 2008. They are not fooled. A company is not only its market value cash till payday advance. Its value, it is men and what it produces. French banks are solid. Order books are good. The agenda is full of my business, "says Marie-Christine OGHLY, president of MEDEF Ile-de-France.

Emerging growth opportunities in

"What strikes me is the gap between the health of businesses and the macro-economy.I am reasonably optimistic. Large companies and other clients maintain their investments, "says Christian also Poyau, president of the Micropole services company that has acquired a Chinese company in May. "I just take stock of our activities in China that are developing as planned. The company fundamentals are good. We should not only focus on the U.S. economy. The world has changed. China, Brazil grow. I do not believe in a deep recession in the United States. I am confident because companies have growth opportunities in the world. " This observation is also that of Christophe de Margerie, Total CEO: "The growth in emerging markets is not to our detriment. It helps a lot when things go less well, "said the boss in this major group, listed on CAC 40, who attended a session on the theme" Réespérer. "A word that bosses are determined to make them.

"The user usually has nothing to fear"

Is this the end of unlimited Internet packages at home?

No operator has no plans to do so today. The buzz started on the Internet by Owni skidded. The presidents of the major operators have simply said in recent months that they would go to differentiate their offerings and those who consume the most could be more involved. But the average consumer has no chance of being involved.

What consumers might be affected?

This is very, very heavy users, a very specific segment of customers that are found in all countries. These are 5% to 10% of consumers who use 80% of the bandwidth, because they spend their time downloading movies, make video at all times, spend the day on Facebook with video, YouTube, Dailymotion cash advance payday loan. The population is fairly limited.Perhaps operators will they have different prices for those? Maybe they will limit their bandwidth? Nothing is decided. But the ordinary user of the Internet has nothing to fear.

Is not a disguised means to raise prices for everyone?

No. On the contrary, the good news of the season is that competition only increased with the arrival of new players like Virgin Mobile or the post office in the market for Internet box. This will add new offerings on the market, which is already very busy. The French are very lucky: they can take advantage of competition.

Asian stock markets without direction

Asian markets are very cautious on Tuesday. Despite the encouraging signals sent by the European and U.S. markets yesterday, investors in the region remain on their guard. Indeed, everyone expects the outcome of the meeting between Angela Merkel and Nicolas Sarkozy, to improve governance in the euro area. "Investors will await the details of the meeting of eurozone GDP figures and the same region for the second quarter," said Ker Chung Yang, an analyst at Phillip Futures Oil in Singapore.

Against this backdrop of feverish expectation, the main index of the region play yoyo. Nikkei and Tokyo Stock Exchange best illustrates these movements. After opening up 0.58%, the latter no longer display an increase of 0.30% in mid-session. An hour of closing, it loses 0.01% to 9085 points.

Same hesitation in Hong Kong and Shanghai.The first stock exchange gained 0.41% to 7 hours while the latter gives up 0.30%. The Australian S & P lost 0.59% and the Indian Sensex gained 0.59%. The Kospi Korean, who had missed the rebound of the previous day because of holiday, takes 4.40% at the same time.

The technology sector responds to the purchase of Motorola Mobility

As for values, the Asian technology sector reacted sharply to the announcement of the acquisition of Motorola Mobility by Google. In Japan, Softbank, one of the operators who distribute Apple products, is illustrated by a decrease of 0.70%. In Hong Kong, Foxconn, Motorola partner, flies to 14.58%. In Korea, Samsung is gaining 4.53%.

In Australia, Qantas is one of the highest values ​​followed.The airline announced Tuesday a major restructuring over five years, which involves the elimination of 1,000 jobs, the purchase of 110 Airbus A320, delaying the delivery of six Airbus A380 jumbo jets and business development in Asia . Qantas will launch and a low-cost airline by the end of the year, Jetstar Japan with two Japanese partners, Mitsubishi Corp. and Japan Airlines (0.81%). The action of the Australian company climbed 1.77% in Sydney.

Oil down

As for the oil markets, oil was down in morning trading in Asia: a barrel of "light sweet crude" lost 45 cents to 87.43 dollars and that of Brent crude gave 42 cents to 109.49 dollars.

The oil market, as global stock markets, fears for several days a new slowdown in the world, against the backdrop of sovereign debt crisis in Europe and sluggish growth in the United States.

The ECB tries to curb the contagion in the euro zone

The European Central Bank (ECB), despite her savior. The guardian of the euro is forced on Monday to intervene in markets to prevent contagion from the crisis of debt to two heavyweights in the euro area as are Spain and Italy. As she had said on Sunday, she started to redeem debt securities of these countries at the opening of stock exchanges in order to lower interest rates.

The effect of this action, has long been demanded by the markets was immediate. At 9:15, interest rates fell back to 10 years at 5.417% against 6.189% Friday. The cost of credit to ten years on the Spanish debt followed the same path, to 5.285% against 6.271% at the end of last week. The agents of the ECB "operations are 20 to 25 million euros over the entire market.We expect that interventions will reach one billion in the order of the day, "said one trader.

For now, the ECB does not need to intervene heavily to turn the trend. "The rates were very high last week, there was little trading volume. So when the ECB came into action, it does not take much to return to the market, "said Cyril Beuzit. "If this continues, the ECB would have to increase the volume of its purchases until the States of the euro take over, to the best end of September."

If the ECB has reluctantly restarted its buyback program, it is against the involvement of European capitals to accelerate the implementation of the reform adopted at the last summit in late July fast cash loans. Friday night, Rome decided to accelerate its austerity plan.The ECB have also sent a list of conditions to the Italian government to help him. Sunday, Paris and Berlin and had to reaffirm that States would take over from the ECB by the end of September. At that time, the new version of the European financial stability to intervene in the markets, should be passed by national parliaments. In the best case.

Divisions within the ECB?

"Certainly, the markets will test the will by then the ECB warns Cyril Beuzit. We think it may surprise by intervening massively, even if the tools are not cut out for that. "Still, the central bank is torn internally. Thursday, representatives of the Netherlands, Finland, Austria and Germany at the ECB executive board voted against any intervention in favor of Italy and Spain.

Sunday's decision has probably not been taken unanimously, advance Gilles Moec economist at Deutsche Bank: "It depends how far the opponents of the ECB are ready to go. If they are ready to submit their resignation in the balance, and only in this case, the lack of unanimity may be a problem. "Considered a risk, however small the economist.

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Harry Potter translated into Tibetan desperately seeking sponsors

Norgy Puchunggal, head of the drafting of the Tibetan Youth Newspaper, fell in love in 2003. He spent two years translating into Tibetan Harry Potter and the Sorcerer's Stone, then a year for the second novel, Harry Potter and the Chamber of Secrets. At 40, he now attacks the other five volumes.

Not only did his translations were not reported, but it was found that in cities of Tibet parents are not interested in novels translated because they have nothing to do with the studies their children. In the country, the price of these books, 28.8 yuan (about 3 euros), making them inaccessible. So, Norgy Puchunggal, which has partnered with the Youth Foundation of Tibet desperately seeking sponsors to distribute free Harry Potter.

The apprentice sorcerer and his magic wand would they hear? The Commission for Banking Supervision in China has given the green light to the creation of a regional bank in Lhasa, with a capital of 1.5 billion yuan (161 million), funded by the regional government institutions and fifteen including several major public and private companies. Just now the spell.

A crucial summit on the future of the euro

With the crisis of sovereign debt markets do not stop to test the strength of character of the leaders of the euro area. For fifteen months, each meeting a European success patching, without warning the next stroke. Greece. Ireland. Portugal. Save the euro? This issue will again this week for an emergency summit. This time with a difference: everyone, or nearly so, may feel targeted.

When seventeen heads of state and government will meet Thursday at noon, it is not the technical options that were missing.Bail increased, lower interest rates, longer maturities, to the private sector or restructuring in good and due form, all solutions are on the table since that Greece came close to bankruptcy for the first time in spring 2010 .

What has been lacking, however, is the political will and responsibility in a Europe that receive capital not as a common project, but as a domestic policy variable. In contrast, the contagion effect can lead to collective reaction. With Italy last week, found himself the danger of a sudden the heart of the euro.

Rome is also dropped two warnings the most striking. "The creditworthiness of sovereign states is no longer a given," said Mario Draghi, the future President of the ECB at the address of the seventeen cities.And "like the Titanic, the first-class passengers themselves can not cope", predicted the finance minister, Giulio Tremonti.

Greek debt buyback

The warning covered Alps. For the first time, the finance ministers of the euro come to accept that markets and financial experts claim for months no fax payday advances. Yes, Greece, diving in the austerity and recession, may find themselves unable to pay on its debt maturities or interest. And no, a default is not to be excluded in the euro area. Only the ECB still refuses to admit it.

Under this constraint, but also recognized virtual summit Thursday that will tie up a second bailout of Greece. "The key is to improve the ability of Greece to support and pay down debt," insists the German finance minister, Wolfgang Schäuble.In all cases, private creditors – banks and investment funds – will have to fire from, or participate in the effort.

The easiest is to help Greece to repurchase some of its debt through loans from the EFSF the bailout funds in the euro area. Germany has long opposed it in the name of financial orthodoxy. But the accelerated depreciation of Greek securities on the secondary market allows Athens to reduce debt on the cheap, which meets the stated objective in Berlin. The other option would be to exchange the securities for longer maturities.

The plan should cover the needs of public financing of Athens until 2014, some 100 billion euros.He may doubt that Dublin, Lisbon and other capital assisted want to enjoy the same flexibility in time.

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In China, inflation still climbing

The Chinese inflation beating record after record. In June, the price index reached a new high for three years, to 6.4% yoy. A figure up sharply from the month of May, when inflation was already high, however, to 5.5%.

This increase is mainly the result of rising food prices. After droughts and floods that have occurred in China in the spring, the cost of power has indeed increased by 14.4% in June over a year. Pork, the first meat consumed in the country, even took 57.1%, said the National Bureau of Statistics (NBS).

Faced with the risk of social tensions generated by the rising cost of living, the Chinese government has done since the fall of 2010 the fight against inflation its top priority in economic matters.The central bank has already raised five times the interest rates since last October, and nearly ten times the rate of reserve requirements for banks, hoping to slow the pressure on prices. As a result, the volume of lending has slowed, and China's economic growth begins to suffer from these austerity measures. In the first quarter, it has reached "only" 9.7%, after 10.3% in 2010.

The tax threshold raised

If inflation remains particularly high, many analysts believe it has reached in June, its highest level. The figure published on Saturday morning is indeed partly the result of the recovery policy conducted by the Chinese government during the crisis, when control measures against inflation for their part have not yet produced their full effect."The rise in prices should slow down continuously from June to between 4% and 4.5% by the end of the year and remain at that level for several years," predicts and Lu Ting, an economist at Bank of America-Merrill Lynch in a statement.

The Chinese government had already announced in June that the goal of a previously displayed inflation contained below 4% in 2011 would not be attainable. Beijing should try to stick to a figure of 5%. Until such a slowdown, the tax threshold will be raised in the country from 1 September to restore purchasing power to lower classes. The new tax threshold is now set at 320 euros monthly income.

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