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France and Britain have ruled out Friday to share the aircraft carriers in the near future but said they were ready to pool several defense equipment including the future A400M military transport aircraft assembled by EADS.

The Defence Minister Herve Morin, who received his British counterpart Liam Fox to Paris for a bilateral meeting devoted to the weapons programs of both countries, also stressed that the French and British companies were to cooperate more and that would make Paris and London joint proposals for NATO reform.

"We hope that our cooperation is in the background the ability (for France and Great Britain, ed) to make budgetary savings," he said during a brief press briefing.

France and Britain, both facing pressures on their finances, have decided to start saving measures, particularly in the defense sector.

"It is logical to examine the issues where we can share the assets rather than acting separately," explained Liam Fox."It's a purely pragmatic."

Herve Morin said, however, that France does not plan to share aircraft carrier with Britain at this time.

A source close to the Defense Ministry told Reuters that the technical characteristics of French and British aircraft made a pooling difficult but that nothing prevented the two armed boats to share logistics.

"The sharing of an aircraft carrier would not be realistic," confirmed Liam Fox.

Herve Morin assured that Paris and London had been exploring a range of issues of cooperation and mentioned as an example the tanker and the future A400M military transport aircraft, a program led by Airbus Military, a subsidiary of European aerospace and EADS Defence.

"We look very real, capacity by size, by industrial subject matter industry, we can do, either in cooperation, or we can decide who would lead us toward interdependence," he said.

"On the tanker (tankers), the maintenance in operational condition (OLS) of the A400M, the joint naval facilities, we can move towards greater pooling."

PROPOSALS

The contract for the A400M program delay of almost four years, must be revised so that some countries like Germany and Great Britain, dissatisfied with the delivery and anxious to reduce their expenses, considering scaling back their orders .

"On the A400M, it actually makes sense, then we have budgetary constraints, to achieve more together than separately and see where we can achieve economies of scale and use of shared assets," Liam Fox said.

Both ministers have not detailed how this sharing could take place.France has ordered 50 A400M while Great Britain could reduce its order for 25 aircraft to 22.

EADS has signed an agreement in March with the seven member countries of NATO to the origin of the A400M, which allows them to cancel up to 10 aircraft from the total 180 aircraft ordered.

Herve Morin also argues that he had discussed a reform of NATO with Liam Fox.

"France and Great Britain are the desire for a reform of the alliance with a reduction of bureaucracy, increased financial control, reduced staffs and physical footprints" he said before adding that France and Great Britain would submit proposals for savings in the next NATO summit in Lisbon in November.

The Minister also invited the French and British companies to enter into partnerships and alliances.

"We need to redefine a number of edges that we may not have the same research centers on both sides of the Channel '," he pleaded.

Violent protests in tens of thousands of textile workers in Bangladesh have led to the closure Tuesday of 700 plants supplying most major brands of western clothing.

The riot police fired rubber bullets and tear gas on the workers in the industrial area of Ashulia, north of the capital Dhaka.In this sector, workers, requiring a higher minimum wage of 25-70 dollars, have erected barricades of old tires, set fire to trucks for delivery and launched missiles at the police for fourth consecutive day.

Some 800,000 workers spend many factories closed down 700, but "tens of thousands" more are on the streets, forcing shops to close, "said deputy chief of police in Dhaka Monowar Hosain.

Plants that have been forced to close their doors provide Western chains such as Wal-Mart, H & M, Tesco, Carrefour and Metro, as well as major brands like Tommy Hilfiger, GAP and Levi Strauss. The workers demanded wage of at least 5,000 taka (70 dollars) per month.The current minimum wage set in 2006 is only $ 25.

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Under the patronage of manufacturers and exporters of textiles (BGMEA), the violent protests, which began Saturday, has created a climate of "panic and anarchy, forcing factories to close until further notice. "More than 50 factories were ransacked by protesters who prevented and deliver orders on time, resulting in losses totaling millions of dollars," said Vice-President of the BGMEA, M. Mohiuddin Shafiul Islam.

Labour Minister Mosharraf Hossain promised after an emergency meeting with the management of textile wage increases, but has threatened "strong action" demonstrators.Textiles account for 80% of annual exports of Bangladesh and its factories employing 40% of the workforce of the industrial countries, most of them women.

Electrolux reported an operating profit below expectations for the second quarter and reaffirmed its forecast of a rise in demand this year in its main markets.

Operating income was 1.5 billion kronor (157 million) excluding exceptional items, against one billion kroner in the second quarter of 2009.The 17 banks and brokerages surveyed by Reuters had expected a net profit of 1.6 billion kronor for the period Apr-Jun 2010.

At 7:36 GMT, yielded 5.0% to 158.70 kronor on the Stockholm Stock Exchange.

"The demand for appliances on the group's main markets should be growing during 2010," the Swedish group in a statement.

The second largest manufacturer of household appliances has been forced to sharply reduce its costs to cope with the slowdown in consumption last year but said its main markets had continued to recover in the second quarter.

Electrolux said the North American market had risen for the third consecutive quarter after 13 quarters of contraction.

"At the industry level, the supply of aircraft destined for the United States in the second quarter would have increased approximately 10%," the group said.

"The entire European market has stabilized during the quarter, with major markets such as Germany, France and Sweden showing positive trends," he added, while noting that southern markets Europe had suffered a sharp slowdown over the period.

'The demand in eastern Europe has increased somewhat, further stated Electrolux.

Nicolas Sarkozy announced Monday the appointment of Rémy Pflimlin, current head of the press operator Presstalis (ex NMPP) to chair the group France Televisions in place of Patrick de Carolis.

56 years old, Remy Pflimlin, former director of France 3, is the chief executive of France Televisions appointed by the Head of State under the reform of public broadcasting, which had already brought Jean-Luc Hees to head of Radio France.

The term of five years Patrick de Carolis ends next August 24.

"The President intends to appoint Pflimlin Remy as president of the company France Televisions," said a statement from the Elysee.

After the Act of March 2009 on the appointment of chairmen of public broadcasting, the choice of the Head of State requires the favorable opinion of the Supreme Council of Audiovisual (CSA) and the cultural affairs committees of the Senate and the National Assembly.

The CSA has already received the proposal from Nicolas Sarkozy, said the statement from the presidency.

A recurrent rumor until recently gave Alexandre Bompard, current head of Europe 1 (Lagardère Group), a favorite for the job.

Alexandre Bompard is regarded both as close to Nicolas Sarkozy and the businessman Stephane Courbit, which almost redeemed, in tandem with Publicis, the advertising of France Televisions.

THE SITE OF THE BOARD

Remy Pflimlin among other tasks will take a decision on restarting the process of privatization of France Television Advertising, suspended in mid-April by the Board of Directors, chaired by Patrick de Carolis.

The board was then raised uncertainties about the possible maintenance of advertising on its antennae day after 2011, especially after an attack in this direction led by Jean-Francois Cope, president of the UMP group in the National Assembly.

The law of March 2009, which endorsed the decision after the fact of advertising from 8:00 p.m. to 6:00 in January 2009, provides for the complete elimination of advertising screens on satellite public in late 2011, when the extinction of the television broadcasting analog.

France Televisions has earned 405 million euros in advertising revenue between 6 hours and 20 hours in 2009 – against 260 million originally projected in its budget.

These advertising performance helped France Televisions to rebalance their accounts in 2009 three years ahead of its business plan and generate a net profit of 19.6 million euros instead of a projected deficit of 135.3 million.

The Board of Directors of France Television said Tuesday, June 29 that a return to balance the books reached in 2009 should continue into 2010.

Airbus said it was pursuing "greater good" talks with European states on the financing of the A350, its new long-haul, saying the talks were in no way affected by the opinion issued Wednesday by WTO on subsidies to the aviation industry.

"(…) The A350 is not affected by the outcome of the WTO. Together with the four states, we are moving at full speed, "said Rainer Ohler, communications director of Airbus, a subsidiary EADS, in an e-mail.

"The completion and timing of the announcements are the responsibility of States.Thus, we can not make any comment on that, "he added.

Justices of the World Trade Organization have inflicted a blow Wednesday to scathing EU ordering him to remove certain export subsidies provided to Airbus.

In his report of more than 1,000 pages, the "special" WTO believes that Airbus could launch a series of civilian aircraft thanks to subsidies from the EU and member states that are France, Germany, Spain and the United Kingdom. Without this aid, Airbus has been a society very different and much less powerful, the report said.

Hungary will have to cut spending by about one to 1.5% of its gross domestic product (GDP) to fulfill the goals set by the International Monetary Fund (IMF) and the European Union (EU) this year but the Countries must also revive growth, said Monday the Minister of Economy.

Through several interventions aimed at calming investor fears, Gyorgy Matolcsy said that Hungary will stick to its objective of a fiscal deficit of 3.8% of GDP.

Speaking on CNBC, the Hungarian Minister of Economy said that there had been a number of failures in communication last week and added: "It is absolutely clear that Hungary is not Greece" .

On Saturday, the Hungarian government had already said to stick to its target of 3.8% deficit to GDP ratio in 2010 and was then considered "exaggerated" the official statements that had contributed to a downturn on the eve of Scholarships and a weaker euro.

"We will stick at 3.8% budget deficit this year, it was agreed with the IMF and the EU and accepted by the government and there is no doubt about it, we will stick to this figure "said Gyorgy Matolcsy.

"On the one hand, it is clear that austerity plan was not necessary. On the other hand, no recovery plan for the budget is considered.We will reduce budgetary spending and we will increase revenues and is the action plan of the new government. "

He also reiterated the government's plans for a tax cut, which does raise some questions among analysts about the ability of Budapest to meet its target budget deficit of 3.8% of GDP this year.

INVESTOR Perplexed

"We can not help being perplexed when the Hungarian authorities speak of a much larger budget deficit than expected and at the same time they exclude austerity measures and instead promise of tax cuts," said Lars Christensen, an analyst at Danske Bank.

Investors also continue to be skeptical since the early exchanges, the Budapest Stock Exchange fell more than 5%, while the euro continued to trade at least $ 1.20 and the forint vis-retreated à-vis the euro.

Bank stocks such as OTP Bank and FHB are particularly challenged, the first yielding 4.55%, after having lost 10%, while the second lost 3.41% at 7:30 GMT.

According to the Hungarian press, the Hungarian government could tax the banks to achieve its economic goals.

Gyorgy Matolcsy said on CNBC that by the end of May, 87% of the annual target budget deficit has already reached.

Most economists believe that Hungary is in a stronger position than that of Greece, its deficits and debt levels are not as high as those in Athens.

In fact, the Hungarian government debt has reached about 80% of GDP in 2009, against 133% for Greece expected this year. Budapest also has a surplus on current account last year and reduced its budget deficit to 4% after significant reductions in its spending.

However, the government nonetheless began Saturday a three-day meeting. The announcement of a program of measures is expected by the end of the day.

Gyorgy Matolcsy noted in particular a proposal for the removal of 20% of the 58 different categories of taxes.He hoped that a radical program of tax cuts three years could be launched this year.