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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Let’s Gowex S.A. (LGWXY: OTCQX International) | GOWEX expands international reach to the French Riviera resort of Nice

Category : Stocks, World News

GOWEX
expands international reach to the French Riviera

resort of Nice

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Japan signs Turkey nuclear deal

Category : Business, World News

The Turkish government has signed a $22bn (£14bn) deal with a Japanese-French consortium to build a new nuclear power station.

Link: Japan signs Turkey nuclear deal

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Ministers MacKay and Findlay Take Guided Tour of French Frigate Aquitaine

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwired – April 20, 2013) - The Honourable Peter MacKay, Minister of National Defence, and the Honourable Kerry-Lynne D. Findlay, QC, Associate Minister of National Defence and Member of Parliament for Delta – Richmond East, took a guided tour of the French Navy’s multi-mission frigate Aquitaine today in Halifax, N.S. The ship is currently conducting a goodwill port visit from April 18-20, on behalf of the French Navy and the Government of France.

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Poll shows gloom and doom for decades as citizens fear for living standards

Category : Business

YouGov-Cambridge surveys shows majorities in Germany, UK and US remain pessimistic about economic future and personally hit by slump

Clear majorities across the western world claim to have been personally affected by the economic slump that most citizens expect to drag down living standards for decades to come, according to YouGov-Cambridge.

The academic polling thinktank found 57% of Britons, 64% of Americans and 54% of Germans had been personally affected by the economic problems of their countries during the last five years to a “great” or “fair” extent. The French, whom happiness researchers routinely find are given to accentuating the negative, are gloomier – 80% of them claim to be feeling the pinch personally.

More shocking than the reporting of present penury is abject pessimism that sets in when YouGov-Cambridge’s questioning turned to the future. Respondents were asked whether, despite the recession, they were “basically confident that our children’s generation will end up enjoying a better standard of living than our generation, just as our generation has mostly been better off than our parents”, the reassuring rider reminding them that – whatever the ups and downs of the cycle – the slow miracle of economic growth has eventually touched most family’s lives, by roughly doubling the size of the world’s big economies every 30 years. But even after this prompt, 19% of Britons, 15% of Americans, 16% of Germans and 17% of the French agree with this statement. Instead, overwhelming respective majorities of 64%, 65%, 66% and 59% incline to the view that “the younger generation will find it harder than ours to enjoy a reasonable standard of living”.

Within the British economy particularly, there is evidence that recent personal experience is feeding through into a dismal view of distant future horizons. Only 15% of those who have suffered materially from the recession incline to the view that the rising generation will end up better-off in the end, compared to 27% – nearly twice as many – of those who have escaped the big squeeze. In the other economies, the link between personal experience and expectations for the distant future are far more muted, suggesting that the recession may be exerting a particularly divisive effect on British psychology.

A separate series of questions on the opportunities available to young people also suggested that recession-hit Britons are becoming gloomier in a distinctive way. The 57% of Britons, for example, who believe that “whereever you start in life, enough hard work will bring you success”, is very much in line with the 61% of French respondents who say the same, but in Britain the recession-hit are considerably less-likely, by some 14 points, to take this cheery view than those who are not feeling the personal squeeze, whereas in France personal experience makes no substantial difference.

In Britain alone, YouGov asked a near-identical question in August 2012, and at that point 59% feared that the younger generation would find it harder, as against just 23% who then feared that the young would find it tougher to achieve a reasonable standard of living over the course of their lives. The 64%-19% split of British opinion in favour of pessimism today represents a four and a half point swing towards gloom since mid-2012, a likely response to the run of mostly negative economic news over the last 20 months.

LVMH-backed fund buys stake in Australian bushwear firm RM Williams

Category : Business

L Capital Asia, a private equity fund sponsored by French luxury group, buys 49.9% stake in 81-year-old Australian company

A private equity fund sponsored by French luxury brand LVMH Group has snapped up just under half of Australia’s RM Williams in a deal aimed at helping the bushwear firm expand further overseas.

The sale of the 49.9% holding was valued at around A$52m (£35.4m), said a source close to the deal who was not authorised to speak on the record.

Singapore-based L Capital Asia, which is also backed by Groupe Arnault, the holding company of LVMH chairman and chief executive Bernard Arnault, and Malaysia’s YTL Corp, specialises in developing distinctive but affordable brands in the Asia-Pacific region.

Last year, it took a 50% stake in upmarket Australian food store Jones the Grocer.

Ken Cowley, chairman and owner of RM Williams, which is known for its elastic-sided boots, will retain the majority holding. He said L Capital had committed to retaining Australian manufacturing for the firm’s products.

The 81-year-old Australian company has more than 50 stores around the world. The transaction is expected to be completed by mid-May and new board members will be announced then.

French ministers to reveal wealth

Category : Business, World News

French government ministers are due to reveal details of their personal wealth as part of efforts by President Hollande to regain public trust.

Continued here: French ministers to reveal wealth

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IMF head Lagarde’s flat searched

Category : Business

French police search the Paris apartment of IMF chief Christine Lagarde, in an inquiry into alleged abuse of her authority when finance minister.

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Defining absinthe gives EU headache

Category : Business, World News

The EU is struggling to define absinthe – a strong alcoholic drink that inspired some French poets and painters.

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Kent village paying for French calls

Category : Business, World News

Residents and visitors to a Kent village are racking up extra charges when their mobile phones connect to French networks.

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Mobile phone charges: ‘Welcome to France’? But we’re in Kent

Category : Business

Residents and tourists at the foot of the white cliffs of Dover regularly get charged for using French network

Visitors to the famous white cliffs of Dover are getting a nasty surprise when they want to use their mobile phones – they are picking up a French signal at higher charges.

Residents and tourists in the seaside village of St Margaret-at-Cliffe and St Margaret’s bay at the foot of the Kent cliffs – just 18 miles from France – regularly get a “Welcome to France” message and the extra costs, including data roaming charges for smartphone users, from companies such as Orange F and SFR.

Landlord of the Coastguard pub and restaurant on the beach Nigel Wydymus, 53, said: “We are a little telecommunications enclave of France here.

“It did not cause a huge amount of trouble for a few years because you got a message saying ‘Welcome to France’, but since smartphones have come in it’s more of a problem.

“Obviously people strolling along the beach in England do not expect to be on a French network and so, unlike when they get off the plane in Spain or elsewhere, they haven’t switched off their data roaming and it causes some extra bills.

“In the village the French signal is patchy depending on the atmospherics and the weather, but here on the beach the French signal is constant because we are at the foot of the cliffs and the UK signal is blocked out.”

Costs for making a call on the French network can be up to four times the cost of using a domestic one with a cost of up to 28p to make a call and nearly 8p to receive one and nearly 9p to send a text.

The signal problem has upset locals who want something to be done to stop the extra charges and inconvenience.

A spokesman for EE said: “We always recommend our customers switch off roaming while they are in this little pocket of an area to ensure that they are connecting to the correct network because we cannot control the networks from the other side of the water.”

The issue is believed to affect all UK networks.