business

Bob-Emploi, the start up which helps you to find a job

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Source : France Bleu
                                                                             Source : France Bleu

Thanks to an algorithm developed using data from the French unemployment agency “Pôle emploi”, this start-up created by Paul Duan, wants to respond as precisely as possible to the needs of jobseekers. 

The principle is simple. Easy to use, and mostly effective. “Bob Emploi”, the service designed by young entrepreneur Paul Duan, uses technology to help jobseekers find a job quickly.

How? Using the algorithm to “identify the best solution for each profile”. The platform of big data is officially inaugurated this Wednesday. The founder hopes to “reduce unemployment by 10% and save the French state several billion euros.”

The website which wants to be “a public citizen service” works with an algorithm capable of analyzing data on the labor market, the situation of each unemployment on the anonymized paths of millions of previous employments, to make them available to the user, explained Paul Duan, Tuesday to the AFP

“It’s possible to hold the hand of each jobseeker”

The user first informs the site about his course. As a first step, the program makes a diagnosis to build an “optimal” job search strategy or suggests training, based in particular on previous experience.

Then it suggest a daily accompaniment “it’s possible to hold the hand of each jobseeker over the duration because a job search lasts 12 months on average and it’s necessary to keep the rhythm and the moral,” analyzes Paul Duan.

Every day, “Bob emploi” advises five actions to advance in one’s research: rewrite one’s resume, go see a company that recruits, get in touch with such network, read such article …

“Every day, the person will have at least fulfilled a goal,” explains the founder of the website.

Naomie Benhamou, IEJ3F2

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Creation of a long distance flight between China and Russia

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new-long-distance-flight-model-le-monde

Source : Le Monde

China and Russia will invest up to 20 billion dollars to develop a long-haul wide-bodied jet which is expected in 2023. 

The Commercial Aircraft Corporation of China (Comac) and Russia’s United Aircraft Corporation (UAC) signed an agreement in June 2016 and gathered to produce a new kind of long-haul wide-bodied plane. The goal of the two firms is to challenge Boeing and Airbus.  They presented a mock-up of the wide-body jet at Airshow China on Tuesday, November 3rd in Zhuhai.
First of all, they will deal with lower operating costs than usual, which will lead to an approximate 10 percent advantage on the final cost compared to their competitors. Moreover, they will adopt an advanced aerodynamic design and engines with low fuel burn to make them more efficient and more economical for airlines to operate. This new project is directly economically challenging the two aircraft leaders. Planes will have about 280 seats and a 12,000 kilometers autonomy.

The two countries will financially participate equally but they are still looking for suppliers. A manufacture in Shanghai is going to be built specially for the development of this project. We can also consider it as a huge opportunity for a country in constant development to create new jobs. Therefore, the engineering and design center will be located in Russia.

Anne LODS,  IEJ 3E

Comac the new Airbus-Boeing’s rival

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avion

Chinese Comac’s C919 plane rolled out for the first time in Shanghai. First deliveries should happen in 2020.

The Chinese medium-haul plane was created in order to compete with Airbus A320 and Boeing 737 aircrafts. The C919 is announced to make its very first flight during the second semester of 2016 instead of the end of 2015 as it was predicted. Furthermore, first deliveries were expected in 2018 but won’t happen before 2020. As Boeing and Airbus, the C919 is largely made of aluminium. Chinese authorities have declared that the medium-haul plane would be 10% cheaper than its competitors.

This announcement is a real godsend for the French engine manufacturer Safran. Indeed, the French company was the only chosen supplier of motors to Comac. In fact, the equipments provided by Safran will represent from 25% to 30% of the price of the plane. Safran has a partnership with the American General Electric and will supply its new Leap motor in order to fling the C919.

Even before its first flight, C919 has already registered more than 500 orders with Chinese air companies and about ten more with Thai companies. The main goal of Comac is to sell about 2,000 copies of its new plane in China. But the Chinese consortium is more ambitious than that. Indeed, the company hopes to sell 6,330 aircrafts in the next twenty years that could make Comac earn 950 billion dollars.

Benjamin Rougé-Thomas, IEJ 3F

European Union suspecting agreement between Starbucks and the Netherlands

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1041385-jpg_903128The European Commission ventured important doubts about the tax agreement between Starbucks and Amsterdam. E.C esteems that this agreement might be contrary to the European rules.

The Commission had announced the opening of a case (11th June), at the same time, another case judged tax regime of Apple in Ireland and Fiat Financial and Trade in Luxembourg. Since those cases, the Commission has opened a fourth enquiry about Amazon in Luxembourg.

Concerning Starbucks, the company which is concerned, is a subsidiary based  in the Netherlands (Starbucks Manufacturing BV).

The Commission is asking about the way in which the calculation has been done about “transfer price”, that means the transactions’s prices be done between companies in the same group.

Those prices have the effect to increase or to reduce the income of a company. Multinational companies use it to create fiscal optimization, sharing benefits and costs between subsidiaries located in severals countries, according to the rate of taxation.

12779973-fiscalite-bruxelles-enquete-sur-starbucks-aux-pays-basAccording to OCDE, transfers of prices have to be fixed as if different entities were not tied. Throughout forty pages published on Friday, The Commission formulates a lot of doubts about the respect of this measure by Starbucks and the Dutch tax authority.

According to Brussels, it’s an advantage for Starbucks (through this, the American company can reduce the base of calculation concerning the company’s taxes in the Netherlands), compared to other companies.

Last spring the American company had announced, their intention to move their European headquarters (based in Amsterdam) to London, U.K.

In U.K, methods concerning optimization of taxes are stronger than in the Netherlands.

Julien Coussy & Clément Briole,  IEJ1B

The project of simplification continues to move forward

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mouvement de simplification

The French executive doubles the effort to promote their simplification mesures.

Nine members of the French government including the first minister Manuel Valls and the head of state Francois Hollande got together in the function room of the Elysée on Thursday to create growth and employments, they evaluate profits for the country to 11 billion euros for the end of 2016.

The goals are numerous as improve the competitiveness  and restore public authorities’ capacity of action.  “This is a huge structural reform” proclaim Manuel Valls. The president Francois Hollande judged “considerable” the results accomplished. Indeed, 150 mesures adopted for 18 months have made save 2.4 billion euros. The head of state promised to apply the proposals of the council of simplification in six months which contained tax return’s unification and the building permit within 5 months. Moreover, the dematerialization of procedures and administrative documents as pay slip, security card and passport are going to be realized so people can use it online. “The train left and will not stop anymore,” said Francois Hollande  in his closing speech.

 

Estelle Priam IEJ 1B

 

The end of Bank secrecy ?

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More than fifty countries signed off on a treaty about the end of bank secrecy.

On Wednesday in Berlin, they agreed to set up an automatic exchange of financial information before 2017-2018 to satisfy countries’ fiscal purposes. This measure is going to put an end to the bank secrecy.

For the first time, the international conference of the OECD, around Wolfgang Schäuble, German Minister of Finance and Michel Sapin, his French counterpart, officialized the end of the bank secrecy.

In the deal, they promise to communicate all their count database, the interests, the dividends on the bank accounts of nonresidents to the administrations of the country of origin. ““In the end it can’t be the case that international companies pay less tax than the corner bakery, and beggar-they-neighbor fiscal policy is always unfair,” trumpeted Wolfgang Schäuble, in an interview granted to four European daily papers.`

The exact number of countries that will sign up to the Multilateral Competent Authority Agreement on Wednesday is not yet clear as new countries are planning to join the lot. A number of traditional tax havens will be among the signatories and several more countries signed up at the last minute last week, said Wolfgang Schäuble.

 

Emmanuel Trumer, IEJ 3F

 

Ryanair sentenced to 8.3 million in damages for clandestine work

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The Court of Appeal of Aix-en-Provence confirmed Tuesday, October 28, the guilt of the Irish airline Ryanair for clandestine work on the Marignane’s base between 2007 and 2010.

Ryanair plane
Ryanair plane

The fine imposed by the French justice amounts to € 200,000 plus € 8.1 million in damages to social organizations, trade unions and four former pilots who had constituted civil party against the company.

The company must also pay € 4.5 million to the “URSSAF” for unpaid contributions, € 3 million to the aviation aircrew and around 493,ooo euros to “Pôle Emploi”, the French job center.

Ryanair was sentenced in October 2013 for violating French labor law on the Marignane’s base. The proceedings against the airline is linked to the conditions of remuneration of local employees paid under Irish law and not French.

In fact, Ryanair has always challenged the decree of November 21, 2006 submitting foreign companies’ aircrews operating in France to French law. The company considers its aircraft only arise temporarily on French soil, and the staff takes its instructions from the headquarters of Dublin. Nevertheless, it’s not the opinion of the French justice who found the company guilty of having hired 127 people in Irish contract while working at the airport of Marseille-Provence, whose company has its main base in France since 2006.

After this condemnation, Ryanair can appeal in cassation but the amounts of damages will always be enforceable.

Julien Ramard, IEJ3E