BUSINESS

BNP Paribas to close 200 agencies

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BNP Paribas
BNP Paribas: First Bank Of France

Until 2020, the French group BNP Paribas is going to close 200 agencies, it will decrease their number from 2% to 4% per year. This Monday,  BNP investors declared a new strategy for the company. The group will close its agencies to favor network sound on the Internet and thus reduce their number of agencies. BNP hopes that because of the digital processing they will decrease the number of customers and will earn 600 000 a year in 2020. This change is due to an “insufficient profitability” and “a stagnant business development” justified the direction of the banking group. In 2010, 52% of the French people reported to go several times a month to their bank branch, against 21% in 2015, according to the Monitoring center of the image. BNP is not the only bank to make this decision, the European Central Bank estimates at 15% the reduction in the number of bank branches since 2011. Nobody of the BNP should be dismissed. BNP is currently owning 1964 agencies, 236 less than in 2012, when they had a first abolition of agencies. Today it is a little more than 10% of the number of agencies which are still opened.

PAGES  Edgard,   IEJ Tremplin

Black year for Rolls-Royce

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rolls-royce_silver_shadow_logo

British carmaker Rolls Royce had a black year in 2016, with a record loss of 4 billion pounds this year. The luxury company founded by Frederick Henry Royce and Charles Stewart Rolls suffered from the biggest loss in its history.
Rolls-Royce, which had generated more than 84 million pounds in 2015, experienced a tough year marked by a 671 million pound fine in a corruption case in China, Nigeria, Indonesia and Brazil. Moreover, the fall of the pound resulting from the vote in favor of the Brexit weighed in the balance sheet of the British company.
The loss of 4 billion pounds is a record deficit for the British firm. Worse, it is the first dividend decline in 24 years and a single change of direction.
After a 49% decline in its current profit in 2016, which excludes adjustments to currency hedging positions to 813 million pounds, Rolls-Royce said it had to further cut costs.
This morning, the Rolls-Royce title plunged at 4.9% in London. According to brokers, this decline is due to investors’ concerns about the group’s balance sheet and prospects. Revenues dropped by 2% to 13.78 billion pounds.
Rolls-Royce suffers from a slowdown in demand for its aircraft engines, which have high margins. This is due in particular to the lower use of older equipment. In its marine division, still in difficulty, the group has incurred a depreciation charge of 200 million pounds to take into account mixed prospects, with demands remaining low.
Kevin Velasco, IEJ 3D

The United Kingdom arms against cyberattacks

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UK decides to open a center to fight against rising cyberattacks.

Queen Elizabeth II has a very particular visit on Tuesday. She is going to inaugurate the National Cyber Security Centre, whose aim is to fight against cyberattacks.

“We have had significant losses of personal data, significant intrusions by hostile state actors, significant reconnaissance against critical national infrastructure – and our job is to make sure we deal with it in the most effective way possible,” said the centre’s chief executive Ciaran Martin to the BBC.

Opened three months ago, it has already fought against 188 attacks. With the rising of cyberattacks in the world, particulary from Russia, it’s a real shield 2.0.

“”In the case of government departments, (it is) getting into the system to extract information on UK government policy on anything from energy to diplomacy to information on a particular sector,” added Ciaran Martin.  He  claims wanting “to make the UK the hardest target’’.

For that purpose, UK has invested 1.9 billon pounds in a five year contract.

100 people entrained for the private sector

It’s not only about a political way but also about economy. The government announced a plan to train 100 people from business at the centre.

“We will invite business to second up to 100 employees to come and work in the NCSC – allowing us to draw on the best and the brightest in industry – to test and challenge the government’s thinking,” explains Philipp Hammond, the chancellor. “And for these people to then return to the private sector and draw on their experience at NCSC to drive change within industry. Because the government cannot protect businesses and the general public from the risks of cyber-attack.”

Alexis Kunz, IEJ3D

Disney cuts ties with Youtube’s top star Pewdiepie

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©Wikimedia Commons
©Wikimedia Commons

Disney cut all ties with the holder of the record number of subscribers on Youtube, after he published a clearly nit-Semitic video.

Pewdiepie, with 53 million subscribers to his channel, is the most followed user of the platform. However, following his publication of several controversial videos the Swedish youtuber lost his contract with Maker Studios, the subsidiary of Disney, which manages the monetization of many famous youtubers.

Pewdiepie, who mainly devoted himself to video games and humorous videos, had published a video in mid-January in which he paid two people for dancing and holding a sign bearing the inscription “Death to all Jews”. Another video featured a clip of a man dressed as Jesus saying that “Hitler did absolutely nothing wrong”.

This incident is far from isolated. According to the Wall Street Journal, since August, Pewdiepie, whose real name is Felix Kjellberg, has used nine images of swastikas or antisemitic references in his videos.

Although Felix has created a following by being provocative and irreverent, he clearly went too far in this case and the resulting videos are inappropriate,” said a spokesman for Maker Studios.

The young man defended himself, saying “I picked something that seemed absurd to me—That people on Fiverr would say anything for 5 dollars,” he continued. “I think it’s important to say something and I want to make one thing clear: I am in no way supporting any kind of hateful attitudes.

I make videos for my audience. I think of the content that I create as entertainment, and not a place for any serious political commentary. I know my audience understand that and that is why they come to my channel. Though this was not my intention, I understand that these jokes were ultimately offensive,” he added.

Pewdiepie’s revenues are estimated at around 14 million euros per year, according to Forbes magazine. A substantial part of this amount came from the youtube contract with Maker Studios.

Arthur Renier, IEJ 3D

 

Amazon ready to face Netflix worldwide

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Picture from the website “Which?”

The great offensive against Netflix has been launched by Amazon. The member of GAFA group prepares to expand its video service “Amazon Prime Video” through the entire world.

French people will be able to access the streaming platform from Amazon by the end of the year. The global number one of e-commerce is going to make an awkward competition with the other streaming companies and especially Netflix which dominated this sector until now. For the moment, Amazon’s video service is present in several countries : in the United States, in the United Kingdom, in Germany, in Austria and also in Japan. But the giant won’t give up going up its international expansion. Amazon has indeed declared that its service will be available in 200 countries. Netflix, which is present in 190 countries, may be confronted with some difficulties due to the arrival of this new big competitor. Apart from the powerful position of Amazon in the world, the company will impose its low prices and put Netflix in a difficult position. Amazon Prime Video costs indeed a minimum of 8.99 dollars a month, against 9.99 dollars for Netflix. To be able to rival with Netflix, Amazon has put large financial resources. Like its competitor, the company offers exclusive contents on its platform and counts on original productions.

For the moment, the race for market shares promises to be hard between the two world giants.

 

Heloïse Noël, IEJ 3E G2

Volkswagen to cut 30,000 jobs

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Source : Salkamoney.com

Volkswagen, lacking profit even before the scandal of diesel engines revealed a year ago, plans to increase its productivity by 25% in its German factories.

Hard time for the German automotive industry. The CEO of German manufacturer Volkswagen, weakened by the scandal of the fraud polluting emissions, announced this Friday the abolition of about 30,000 jobs in the world. “The Volkswagen brand is not making enough money,” said its boss Herbert Diess at a press conference at the company’s headquarters in Wolfsburg.

The manufacturer will remove 14% of the 215,000 jobs it counts in the world. The German sites will be the most concerned, with 23,000 deletions of posts expected. Outside Germany, the brand evokes Brazil and Argentina, two currently difficult markets.
As already known, job cuts in Germany, which have been the subject of tough negotiations with staff representatives for months, will take place without any redundancies, but rather through measures such as early retirement.

Volkswagen wants to increase its productivity by 25% in its German factories.
The manufacturer aims to save 3.7 billion euros per year by 2020 and wants to see its margin, measure of its profitability, climb to 4% by then.

The Volkswagen group, which was hit hard by the diesel affair in 2015, announced a new strategy in June, through the marketing of more than 30 all-electric vehicles by 2025.

Lisa BERDAH, IEJ 3E

Record-breaking audience for France Inter

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Source: France Inter
Source: France Inter

This morning, Médiamétrie has reveled the audiences of French radios in September and October. If Europe 1 fell, France Inter realizde its best result since 2003.

Never in its history has France Inter been so high. The French radio station makes its best return from the summer holidays since the report “126,000” by Médiamétrie started to be published. It has 11.3% of cumulated audience, a progression of 1.1 points in one year (6,039,000 listeners, +596,000). France Inter becomes the second most popular radio in France, overtaking NRJ.

The latter has in fact lost 1.2 points, reaching 10.8% of cumulated audience. Since the arrival of Matthieu Gallet, the CEO of Radio France, and Laurence Bloch at the head of France Inter, the radio station has been attracting more and more people over the months. Its early morning with Patrick Cohen still leads in France, with 3,941,000 listeners. A progression of 304,000 people (7.3%, +0.5 points in one year).

The radio station is also leader between 12 and 2 p.m, and in the evening. The 18-20 of Nicolas Demorand is in fact leader with 1,823,000 listeners, which represents an increase of 164,000 people.  An effective strategy, France Inter in now at 0.6 points from the leader, RTL. The radio station has not placed itself so close to the leader since the election of François Hollande, at the second semester of 2012.

Daniel Marques, IEJ 3E