Embed Size (px)
Citation preview
BUSINESS & ECONOMICS
Press Review
Table of contents
I- Business & economics during Christmas holidays
II- Business & economics overview of 2009
III- Prospects for 2010
Press reviewWhat happened while you were partying
Some headlines
Volvo is now Chinese! (22/12) Opec wants to stabilize oil prices
between 70 and 80$ a barrel (23/12) Veolia and trennitalia on (24/12) FT and
figaro S Korea won nuclear battle (27/12)
Some headlines
Wall street is red while FTSE is green. (01/01)
IMF allows Ukraine to lower its reserve to pay Russian gas (01/01)
Nokia is still fighting Apple on patent issues
Veolia and trenitalia on track
Veolia has a new partner Liberalized market between two state’s
town First route: Milano-Paris Challenge SNCF on the Lyon-Paris route 30% cheaper travel
Lost contract! 20 Billion € contract lost by french
consortium South Korean consortium leaded by
Kepco wins the contract for 4 Nuclear Power Plant
Source : Le Figaro
EPR TechnologyDisavantages
Expensive Unsafe
Advantages• Better
utilization of nuclear raw material
• Better power level
Source : Areva
80 Billion dollars Debt for Dubaï
- 10 Billion $ already injected by Abou Dhabi - Debt = 70% GDP - Real estate decrease about 47% in one yearSource : Le Figaro
Business & economics overview of 2009
January February March April May June
Business & economics overview of 2009
January February March April May June
Governmental help for crisis
Air France-KLM stays N°1 by buying 25% of Alitalia
EDF buys British Energy
Business & economics overview of 2009
January February March April May June
France is under recession and F. Fillon announces 1000 projects for employment
Germany: 50 B$ against the crisis
CAC 40 is at it’s lower level since 2003
Business & economics overview of 2009
January February March April May June
End of Guadeloupe’s global strike
Pressure on tax havens
TVA is lowered for restoration
Business & economics overview of 2009
January February March April May June
H1N1 pandemia is growing
Crisis is has a lot of social impacts (strikes, unemployment…)
Business & economics overview of 2009
January February March April May June
Berlin chooses Magna to take over Opel
General motors goes slowly bankrupt
Obama slows down fuel consumption
Business & economics overview of 2009
January February March April May June
2 Airbus crashes
Crisis on Aeronotics
Fiat buys 20% of Chrysler
Business & economics overview of 2009
July August September October November
Carbon tax’s debate
Volswagen buys Porche
Low TVA for restoration is evaluated
Business & economics overview of 2009
July August September October November
Surprising great RNB for France
Bonuses for traders criticised
Business & economics overview of 2009
July August September October November
Unemployment slows down
Pittsburgh agreement on world economy and finance regulation
Business & economics overview of 2009
July August September October November
Rio wins rights for Olympic games
China prevents 9% of growth for 2009
Business & economics overview of 2009
July August September October November
Warren Buffet buys Burlington Northern for 34 B$
First difficulties in Dubaï
GDP in major countries
Unemployment rate in 2009
France 9,1%
GERMANY 8,2%
UK 7,9%
SPAIN 8,5%
USA 10,0%
GDP in 2009 GDP forecasted for 2010
France -2,2% 1,1%
GERMANY -5,4% 6,0%
UK -3,8% 0,1%
SPAIN -3,2% -3,0%
USA -2,8% 2,7%
Main reason of crisis
In Spain, construction sector has fallen. It represented 26% of GDP
In Germany, the fall of consumption and foreign trade has taken a big part.
In USA: Bank system and consumption
France: a resistant country Consumption remain stable Bank system remain solid even with many money lost
What for futur ??? Those countries have recover a positive growth
(except for Spain)
In Europe deficits remain above 3%no date for being under 3%
Many resolutions to preserve bank system
Questions?
