CAIRO: ‘ Egypt to pay $1.1-billion to purchase 4-Naval Corvettes from France ‘

#AceFinanceReport – CAIRO:Egypt will buy four naval corvettes from France for one billion Euros ($1.1 billion), an anonymous French official told AFP Saturday.

In 2014, the French shipbuilder DCNS has signed contracts with Egypt to sell the four Gowind-class corvettes, the official added.

President Abdel Fatah al-Sisi met Saturday with French Minister of Defense Jean-Yves Le Drian and discussed bilateral relations and …

Read more.

Ace Worldwide News

#abdel-fatah-al-sisi, #corvettes, #egypt, #france, #jean-yves-le-drian

FRANCE: ‘ Three Allies of Nicholas Sarkozy Charged with Investigation into Financial Fraud ‘

#AceFinanceNews – FRANCE (Paris) – October 04  – Three allies of France’s ex-President Nicolas Sarkozy were charged in connection with an investigation into financing the failed 2012 presidential campaign, French media reported on Saturday.

Eric Cesari, Sakrozy’s former aide, Fabienne Liadze, the UMP (Union for a Popular Movement) party’s financial director and Pierre Chassat, former head of communications were indicted with forgery and abuse of trust, AFP reported.

#AFN2014 

#france, #nicholas-sarkozy, #paris, #union-for-a-popular-movement-ump

‘ France Will Go Ahead With Two Mistral Helicopters Carriers Against US Opposition ‘

#AceFinanceNews – PARIS – May 30 – France will go ahead with the sale of two Mistral helicopter carriers to Russia‘s navy despite US pressure to halt the deal, the French Defence Ministry told ITAR-TASS on Friday.

Mistral_helicopter_carrier_ship_France_french_001

Contract liabilities will be honoured and finalised in October-November, the ministry’s press service said, confirming comment by President Francois Hollande visiting Berlin earlier this month.

Foreign Minister Laurent Fabius has also announced that the deal with go through, noting on a visit to Washington that Russia “had already paid more than half” of the contract cost and that “according to law, there is no possibility to say ‘no’ to the deal.”

He added, however, that France would take “a final decision” on this issue in October. “Let’s wait and see what the situation and legal regime will be like,” Fabius noted, referring to European Union sanctions on Russia over events in Ukraine.

The US has interfered with the France-Russia deal on the Mistral helicopter carrier: a group of democratic members of the Congress has sent a letter to NATO’s secretary general urging to persuade Paris to refuse from the deal with Moscow and to sell the warships to NATO. The initiative was supposed to become a “strong signal” to Russia concerning Ukraine.

The US has made several attempts to scuttle the contract, where the French authorities confirm the obligations are observed properly. France’s Foreign Minister Laurent Fabius said during his visit to Washington in May, Russia had paid over half the contract price and thus no legal grounds existed for saying “no.”

RT – TASS – Military News

#ANS2014

 

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#afn2014, #european-union, #france, #laurent-fabius, #nato, #paris, #russia, #ukraine, #washington

` French Billionaire, Industrialist and Politician Suspected of Bribing Voters at Elections '

#AceFinanceNews – FRANCE – April 10 – (ID) – An 89-year-old industrialist and politician, son of Marcel Dassault aircraft suspected of bribing voters.

Serge Dassault placed under investigation in the framework of the case of bribery at elections in Corbeil-Eson (a southern suburb of Paris).

Such a decision in respect of the senator took the judge.

Suspicions investigators linked, in particular, with the possible participation of Dassault illegal schemes to finance the campaign, exceeding the permissible level of campaign expenditures, as well as direct bribing of voters.

Presumably, all of these violations occurred in several elections of Corbeil-Eson in the period from 2008 to 2010.

Serge Dassault from 1986 to 2000 he was the aircraft manufacturer Dassault Aviation, founded by his father, and now is its honorary chairman. In the Senate, he is Esonov department from which stretch from 2004, he was elected to the upper house. City Hall Corbeil-Eson in the same department he headed from 1995 to 2009.

Guardian reported February 19 2014 – Dassault, who owns the country’s main conservative newspaper, Le Figaro, is ranked by Forbes magazine as France’s fourth richest man, and the 69th richest in the world, with an estimated fortune of €13bn (£10.7bn).

Investigators suspect him of operating an extensive system of vote-buying that influenced the outcome of three mayoral elections in Corbeil in 2008, 2009 and 2010, which were won either by Dassault or by his successor and close associate, Jean-Pierre Bechter http://www.theguardian.com/world/2014/feb/19/france-serge-dassault-vote-buying

Contributions of – AFP – Ivestia – Guardian

#AFN2014

#dassault-aviation, #france, #paris

` Takeda Pharmaceutical says it will contest the $6 Billion Punitive Damages Claim Imposed by Jury '

#AceFinanceNews – UNITED STATES – APRIL 08 – (Reuters) – Takeda Pharmaceutical Co Ltd said it would contest $6 billion in punitive damages imposed by a jury in the United States in a case that accused Japan’s largest drug-maker of concealing cancer risks associated with its Actos Diabetes Drug.

Eli Lilly and Co, Takeda’s co-defendant in the case, was ordered to pay $3 billion in punitive damages by the jury in Louisiana on Monday. It also awarded $1.475 million in compensatory damages.

Legal experts said it was unlikely that such a large award would stand after challenges in court by both companies. Eli Lilly and Takeda have said they would dispute the verdict, which could include appeals to a higher court or filing motions asking the trial judge to set aside or reduce the verdict.

“Although there’s no mathematical bright line” to determine how high is too high when it comes to punitive damage awards, federal appeals courts generally scrutinize the ratio of punitive to compensatory damages, preferring those that fall into the single-digit range, according to Professor Catherine Sharkey, a tort law expert at New York University School of Law.

March 06 2012 – Regulators with European Medicines Agency – Break silence today on Safety ……..

Regulators with the European Medicines Agency broke their silence today on the safety of the popular diabetes drug Actos. Although they have decided to keep the drug on the market, warning labels will have to be added about the risk of bladder cancer from long term use.

The move comes more than a month after France and Germany banned all new prescriptions of Actos and the U.S. FDA ordered that warning labels be changed to address the risks of bladder cancer.

Studies into the safety of the drug have been ongoing on both continents for years after initial clinical trials showed lab rats had a slightly increased occurrence of bladder cancer at higher doses.

The most recent data from a French study of more than 150,000 users found that taking higher doses of Actos for more than a year can actually increase the risk of bladder cancer by as much as 40%! http://actosbladdercancerlawyers.net/actos-cancer-risk/actos-cancer-risks/

Read More: http://www.reuters.com/article/2014/04/08/us-takeda-pharm-actos-verdict-idUSBREA3708F20140408

#afn2014, #actos-diabetes-drug, #bladder, #cancer, #european-medicines-agency, #federal-drug-administrationfda, #france, #germany, #japan, #new-york, #takeda-pharmaceutical-company-ltd, #tort-law, #united-states, #us

` Russian Defence Official has said that `Moscow’ will not accept `France’s ‘ threat to Mothball its Order of Two Mistral Warship’s’

#AceFinanceNews – A senior Russian defence official has said that Moscow won’t simply accept France’s threat to mothball its order of two Mistral warships following events in Crimea.

“There is no doubt the Russian side will defend its rights … and will demand compensation for all losses we might sustain if the Mistral contract is breached,”

Deputy Defence Minister Yuri Borisov told RIA news agency.

Russia says it has already paid more than 700 million euros for the order, and as well as returning the money, France would be obliged to pay additional penalties according to the terms of the contract.

#AFN2014

#crimea, #france, #moscow, #ria-novosti, #russia, #russian

` Frozen Contract on `Sale of Helicopter Carriers Mistral to Russia ‘ Undermine Trust to France as a Reliable Supplier ‘

#AceFinanceNews – MOSCOW – Russian Deputy Prime Minister Dmitry Rogozin believes that France’s statements over possibly frozen contract on sale of helicopter carriers Mistral to Russia undermine trust to France as a reliable supplier.

The deputy prime minister has made a posting at his Twitter page on Tuesday

“Yesterday’s televised statements by the French foreign minister (Laurent Fabius) over Russian-French military-technical co-operation are surprising.
In a very sensitive sphere of military-technical co-operation France begins undermining trust to the country as a reliable supplier,” Rogozin wrote down.

#AFN2014

#france, #frances, #mistral, #moscow, #russia, #twitter

` United States and Russia are `Top Arms Exporters ‘ taking ` Fifty Six ‘ Percent of the Market ‘

#AceFinanceNews – United States, Russia, Germany, China and France were the major arms suppliers over 2009-2013, goes the newly released report on arms trade by the Stockholm International Peace Research Institute (SIPRI).

The countries made up 74% of global weapon exports, with a 56% niche occupied by the US and Russia.

“Russia has maintained high levels of arms exports despite the crisis in its arms industry in the post-cold war period,” said senior researcher with the SIPRI Arms Transfers Program Siemon Wezeman.

“In 2009-13 Russia delivered major arms to 52 states. Russia’s most significant export in 2013 was that of an aircraft carrier to India.”

Russia has also become a major arms exporter to India with 75%, whereas the US follows with a huge 7% lag, for the first time down to the second place by supplies to India.

“Chinese, Russian and US arms supplies to South Asia are driven by both economic and political considerations,” said Wezeman. “In particular, China and the US appear to be using arms deliveries to Asia to strengthen their influence in the region.”

The report highlights a considerable increase in arms imports by the Arab states of the Gulf — 23% over 2008-2013, with Saudi Arabia up from 18th to 5th place among the major arms importers.
These are largely (45%) exported by the US.

According to SIPRI, Washington has clinched a number of major deals aimed to retain this level further on. For instance, last year the US government for the first time authorized US companies to supply the region with long-range air-launched cruise missiles.

#AFN2014

#asia, #china, #chinese, #france, #germany, #russia, #russian, #saudi-arabia, #stockholm-international-peace-research-institute-spiri, #united-states

#US : “Obama `Threatens French Firms’ over `Iran and Business Investment’

#AceFinanceNews says `Obama threatens French firms over Iran business’ according to Press TV – US President Barack Obama has threatened tough action against French companies looking for business opportunities n Iran amid hopes of an easing of sanctions imposed on Tehran.

François Hollande

François Hollande (Photo credit: Wikipedia)

In a joint press conference with French President Francois Hollande in Washington on Tuesday, Obama said “Businesses may be exploring: ‘

Are there some possibilities to get in sooner rather than later if there is an actual agreement to be had?”

 “They do so at their own peril right now, because we will come down on them like a ton of bricks,” Obama threatened.

A 116-delegation of French businessmen travelled to Tehran from February 3 to 5 to explore trade opportunities in light of the prospect of sanctions relief on Iran following last month’s implementation of a nuclear deal between Tehran and world powers -Russia, China, France, Germany, the US and the UK.

Hollande acknowledged that he could not control travel by French firms, but noted that anti-Iran sanctions will remain in effect before a final deal is reached on Iran’s nuclear issue.

So companies just make their decisions when it comes to traveling, but I certainly let them know that sanctions were in force and would remain in force,” Hollande said.

The French delegates, which visited Iran, represented various sectors of its industry including its banking, telecommunications and shipping sectors.

France’s oil giant Total, oil and gas services provider Technip as well as GDF Suez voiced their readiness to invest in Iran as soon as sanctions are lifted.

Under a landmark deal with six world powers, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some sanctions relief and release more than USD 4 billion of Tehran’s oil revenues.

KA/HGH/SL

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#acefiinancenews, #barack-obama, #france, #gdf-suez, #iran, #president, #tehran, #united-states

Over Half of Consumers Feel Undervalued by Their Bank

Image representing GMC Software Technology as ...

Image by None via CrunchBase

 

#AceFinanceNews says over half of “Consumers feel undervalued by their Bank” leading banks to look at closer at  their customer experience gap,  with friendly, knowledgeable staff and banking services as the consumer demands

 

Almost half of consumers in GBGermany, France and the US feel their bank does not value them as a customer ( 48 per cent), according to new Ipsos MORI research commissioned by GMC Software Technology. Consumers want to decide how they bank, with almost three-quarters wanting to request the format in which they receive information from their bank (72 per cent) and also at a time that suits them (74 per cent). Banks therefore need to listen to consumers to deliver the services they need. However, only 19 per cent of consumers really believe banks understand
how to deliver good customer experience.

 

Ipsos MORI

Ipsos MORI (Photo credit: Wikipedia)

 

The research of 4,032 consumers looked at what consumers really think about their bank’s customer experience and how they are valued. It offers insight into how banks can improve their relationship with customers by listening and providing the right information, at the right time, via the right, optimized channel with a particular focus on on-line and mobile.

 

Improving The Customer Experience: Just six per cent of consumers in France believe that their bank really values them as a customer. And elsewhere, the banking industry does not fare much better with ten per cent in GB, 20 per cent in Germany and 27 per cent in the US [tab 0240]

 

In order to improve the banking customer experience, the top three points for each country are friendly and knowledgeable staff (US 60 per cent; France 50 per cent; Germany 45 per cent; GB 45 per cent); enabling customers to bank when and how they want (France 56 per cent; US 45 per cent; GB 49 per cent; Germany 42 per cent); easy access to the branch (GB 39 per cent; Germany 34 per cent; France 31 per cent; US 49 per cent).

 

Bill Parker, chief marketing officer, GMC Software Technology, said: “It’s time the banks started to show that they value their customers by listening and allowing customers to be involved in decisions that affect the banking experience. Banks should provide multiple channels of communication, but they should ask consumers which ones they want to use, not tell them.”

 

Screenshot of a typical SMS Banking message on...

Screenshot of a typical SMS Banking message on a mobile screen (Photo credit: Wikipedia)

 

Constraints of On-line and Mobile Banking:  The demand for on-line banking is increasingly obvious. Online-only is already the most common way to view bank statements (36 per cent of all bank customers have on-line-only statements) and not just among Generation Y. It is important not to assume that on-line/mobile banking channels are the preserve of the young. For example, all age groups are using on-line-only statements. Of the under 31 year old’s (Gen Y), 37 per cent use on-line-only statements as are 33 per cent of the 55-70 year old’s.

 

Current On-line and Mobile Banking Services Have Considerable Constraints: Two thirds (65 per cent) do not believe their on-line banking delivers an effective level of customer service, while just 3 in 10 (29 per cent) feel it is truly interactive i.e. you can present your bank data in any way you want or link back to your bank with questions. Mobile banking fares little better, with only 23 per cent of banking customers finding the service satisfactory. The nature of both on-line and mobile lend themselves to a more dynamic, interactive relationship with the consumer rather than presenting static content that could, just as easily, be sent by post.

 

The mass adoption of on-line statements is driven by customers appreciating its convenience (80 per cent), environmental benefits (71 per cent) and increased security compared to paper (39 per cent). Revealing the level of skepticism towards banks, 67 per cent of bank customers suspect banks are pushing on-line statements in order to save money.

 

“The number of ways by which a consumer can interact with their bank is increasing, with traditional bricks and mortar giving way to call centres, internet and mobile banking as well as social media. It is now time to close the customer experience gap. The research reveals that there is a time and place for each channel, and banks need to adopt the technologies and strategies that will help them engage effectively with each customer
through the optimized channel that each customer chooses,” continues Parker.

 

Consumers Managing Money More Effectively: Despite the lack of interactivity, on-line statements clearly encourage customers to
manage their money more effectively. Two thirds (66 per cent) of those who use on-line statements view them at least once a week. Of those using statements on a mobile device, 61 per cent view them at least once a week. In sharp contrast, of those who rely on printed statements, 58 per cent view their bank statement only once a month onwards.

 

With on-line being the most popular way to view bank statements, and viewed more frequently, the rise of consumer technology seems to be improving the nation’s ability to manage its money.

 

Download the report ‘End of the banking autocracy: why banks must understand value and bring back trust’ here [http://www.gmc.net/en/improving-customer-communications ].

 

REPORT STATISTICS AND RESEARCH GUIDELINES:   

 

The research was conducted on i:omnibus, Ipsos MORI’s online omnibus, in GB, France, US and Germany between 25-30 October 2013.

 

Questions were asked online of 1,018 GB adults aged 16-75, 1,004 French adults aged 16-74, 1,000 US adults aged 18-75 and 1,010 German adults aged 16 to 70 (total 4,032 consumers).

 

To be nationally representative, the survey data was weighted by age, gender, region, working status and main shopper in GB; age, gender, region, working status, main shopper, social grade and working status in France; age, gender, region, working status, working status and income in the US; and age, gender, region, working status, household size, employment status, main shopper and size of town in Germany.

 

GMC Software Technology AG: delivers seamless CCM solutions that streamline document creation processes and produce higher quality, relevant communications of all types for delivery through print, electronic and interactive channels.

 

GMC helps thousands of clients worldwide across the banking, insurance, retail, business services, telco/utilities and healthcare industries gain customer insight to improve the customer experience by getting communications to market 70% faster, improves operational efficiencies by more than 50%, and expands business services for more lucrative opportunities.

 

For more information about GMC’s award-winning robust and scalable GMC Inspire
[http://www.gmc.net/en/gmc-inspire/gmc-inspire-overview ] solution, visit:
http://www.gmc.net.

 

Corporate & AsiaPAC
GMC Software Technology
+44-(0)-845-223-2443
press@gmc.net

 

EMEA
Chameleon PR
+44-(0)-207-680-5500
GMC@chameleonpr.com
North America
Sterling Kilgore
+1-630-964-8500
sarmstrong@sterlingkilgore.com

 

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The GMC logo and GMC Inspire are trademarks of GMC Software Technology

 

APPENZELL, Switzerland, November 13, 2013 /PRNewswire/ —

 

GMC Software Technology AG

 

 

#acedebtnews, #customer-experience, #financial-services, #france, #germany, #gmc-software-technology, #ipsos-mori, #mobile-banking, #online-banking, #united-states