World News – International Headlines, Stories

The Paris Bourse is maintained in the zone of turbulence since it passes through Tuesday. The CAC 40, after nine sessions of gains chained and won 10.5%, has now three sessions of decline, losing 4.8%. So much so that since the beginning of the month, the benchmark index of the Paris took only 1.5% and rises to 3555 points.

This Friday, at the beginning, the CAC 40 has tried to resist, rising 0.24% to 3564 points, but the fragility of the ambient trend and volatility have prevailed and the index declining about 11 hours from 0 25% to 3546 points.

In the same time, the euro appears stable, very slightly positive at 1.2341 dollars after resuming colors Thursday as statistical mixed overseas sowed doubt about the robustness of recovery amércaine.

Overall, the atmosphere is tense markets. The Asian market on Friday morning, displays counters in the red.In France, unemployment has not risen so much since seven months.

Pressure mounts while also meet from tomorrow G20 Toronto. Discussions burning its menu.

National accounts in the spotlight

In France a quarter of an hour before the opening of trading, INSEE revealed a growth of just 0.1% in the first quarter of 2010, however, revising upwards the growth of Gross Domestic Product (GDP) last quarter 2009 to 0.6%.

Consumer spending has remained stable over the first three months of the year, reports the Institute.The purchasing power has registered a decline of 0.1%.

In the U.S., the third estimate of GDP is known to 14:30.

Banks up

As for values, Credit Agricole (-1.7%) Societe Generale (1.4%) BNP Paribas (+1.1%) and Axa (1.32%) appear at the top of the charts of best performance of the CAC 40, behind Vivendu which grimpede 1.7% to 17.5 euros.

In contrast, the values cars are worth, including Peugeot plir 0.67%, Renault, 0.36%, 0.6% Michelin. Construction is bad too, with Lafarge (-0.96%), largest decline, and Saint-Gobain (-0.25%).

Latecoère: 2.56% to 6 euros According to Le Figaro, the aerospace supplier will propose to its shareholders on Friday, meeting in General Assembly, the free allocation of share purchase warrants (BSA) in 2012.It has thereby remove some 43 million euros.

Bourbon: +3.3% to EUR 35 The group has unveiled its strategic plan for 2011/2015 including investment of 2 billion dollars in the marine service vessels for offshore oil.

Pressure on prices in the telecommunications networks transition to mobile technology fourth generation "LTE" should distribute the cards in this highly competitive sector, but not enough to halt the pressures on the prices of telecom equipment, told Reuters Chairman of the Mobile Division of Alcatel-Lucent, Wim Sweldens. The shares were down 0.85% to 2.2 euros, the steepest declines the CAC 40.

GDF Suez (+0.3%), Total (-0.5% to 38.25 euros), EDF (+0.5%) The price of gas will increase by 4.7% from 1 July to 6.3 million customers in France said Thursday the Commission of Energy Regulation.

The EDF Group postponed its decision to invest in an LNG terminal in Dunkirk (Northern), said Thursday a spokesman for the group. This terminal was supposed to compensate for some job losses related to the closure of the refinery from Total.

Computer Services sector companies might respond to better than expected quarterly results announced Thursday evening by Accenture. The Group's net profit stood at 564 million dollars (457 million euros), or $ 0.73 per share against 537 million ($ 0.68 per share) a year ago and $ 0.69 expected by Wall Street.

Alstom: -0.5% to 38.3 euros French industrial group on Thursday launched a U.S. production plant turbines, especially for nuclear power generation, for which he has invested about $ 300 million, according to a statement.

Guo Guangchang, chairman of the Chinese group Fosun. (Photo CD)

One after the other, the candidates for the resumption of the World out of the wood. After the unexpected arrival of Orange Tuesday night, Wednesday was the turn of the Spanish group Prisa, a faithful shareholder of the World, which holds 15.01% stake, confirmed its commitment to the French press group after several weeks of silence. In a letter to members of the Supervisory Board and Executive Board and World unveiled by Les Echos, CEO Juan Luis Cebrian, "reaffirms" the "intent to participate alone or with industry partners internationally renowned for recapitalization "of the group. But the Spanish boss believes that "only a thorough audit of the group may enable candidates to refine the position estimate needs to recapitalize the World. And therefore request the postponement of the deadline to Friday, 19 hours to lay a firm offer of recovery.

"A reasonable period until the end of September, should be open to all candidates currently being declared or declare themselves to deepen their audits, discussions with management of group and set them in a position to file ( …) a firm offer, "says the CEO. The group Prisa, which is currently in debt of more than 3 billion is currently carrying out a recapitalization. To save time, Juan Luis Cebrian calls for "reimbursable advances to meet" the urgent need of cash to its World recapitalization.

The World available in the morning

This has to speak, of course, nothing trivial. It comes the same day of the deadline set by the board of the World Bank, Crédit Agricole CIB to candidates to file their préoffres.Without really préoffre, Prisa boss makes it clear his intentions for Le Monde that he wanted to "expand the supply" and "give it to read every day, morning, Monday to Sunday, basing on synergies between the titles of his group (El Pais, head).

At the same time, the trio led by the businessman Matthew Pigasse, Niel and PBA filed a letter of intent listing his commitments and his plans for the group (recapitalization of 80 to 100 million euros charter governance, creation of an ethics committee …). Highly anticipated also a group préoffre Nouvel Observateur had to be filed Wednesday in the day. Is it backed by a partner like Orange, as seemed to think the discussions initiated between the two groups on Tuesday? It was difficult to see clear Wednesday.Alongside its general assembly, the new CEO of Orange, Stéphane Richard, has explained his plan to enter the capital of the world. "Some candidates have asked to be a minority partner, it is not a takeover," he said. This partnership would make sense in his eyes as if the result is "mutual benefits" for both groups. "The Orange could accompany the transition to Digital World", focusing on the Internet subsidiary of the group, Le Monde Interactif.

If Orange confirms his love for Le Monde, other applicants have chosen them to withdraw from the race. After the Swiss group Ringier Tuesday morning, the Italian group L'Espresso has officially given up yesterday to make a takeover bid of the group.

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The U.S. stock market, expected to open down on Monday. The index futures Standard & Poor's 500 and Nasdaq 100 fell back in effect respectively from 0.41% to 1061.50 points and 0.50% to 1830.10 points. On Friday, the NYSE has dropped to its lowest level in four months, cooled by the monthly figures of employment in the United States, although less well than expected. The Dow Jones lost 3.16% and the Nasdaq 3.64%. Stock markets in the Asia-Pacific fell sharply on Monday and European markets grind black.

The U.S. economy created 431,000 more jobs than it destroyed in May This is the highest figure since March 2000, but analysts had expected much better. They expected a half-million net new jobs created.The private sector created only 41,000 jobs, five times less than the previous month.

In Europe, a new front in the crisis began in Hungary, where the forint, the local currency, the Budapest Stock Exchange, and covers the failure of Hungarian debt (CDS, credit default swap) tumbled after statements alarmist about the economic situation of the country by the hand of politicians from the majority in place.

On the foreign exchange market, the European single currency settled below $ 1.20 and was trading at 1.1937 dollar in the morning, 1.1972 against the dollar Friday.It fell to 1.1877 dollar in Asian trade, a level not seen since March 2006.

After the disappointment of Friday on the job figures, investors should pay particular attention this week to weekly figures for unemployment benefits that are to be released Thursday easy pay day loans.Among the major events of macroeconomic week, the Beige Book Federal Reserve will be released Wednesday, and on weekends the market will face a survey about the mood of consumers.

On the side of values, the largest U.S. bank, Bank of America, is carried on by former employees for not paying them overtime, according to the text of the complaint partnership.

Exxon Mobil announced that it is negotiating with Chinese oil companies to forge partnerships in China and other countries, said on Monday an official of the U.S. oil giant.

The world of pharmacy, Pfizer announced Saturday that advanced clinical testing showed that the drug Macugen greatly improves vision in patients with diabetic macular edema, a complication of diabetes that can lead to blindness.

Always on the side of values, Standard & Poor's announced Friday it has lowered its rating a notch on the long-term debt of BP, referring to the cost of oil spill in the Gulf of Mexico and the operational challenges the oil group UK will face. The rating agency, imitating its rivals Moody's and Fitch have announced a reduction on their score on Thursday reduced its rating from AA to AA-with negative implications.

Also note, the retail giant Wal-Mart says it wants to create 500,000 jobs over the next five years and will repurchase $ 15 billion worth of its own shares.

In Brussels

The epilogue finally began in the Greek crisis. Emergency Meeting in Brussels on Sunday, finance ministers of the euro area have decided to implement a massive rescue plan: 110 billion euros in loans over three years (80 billion from the states in the area, the rest from the IMF). From never-seen in the recent history of finance. "There is no question of going back on it", insisted the president of the Eurogroup Jean-Claude Juncker. The Extraordinary Summit of Heads of State and Government, convened Friday should be a formality. For its part the IMF managing director Dominique Strauss-Kahn, said that the agency would approve a loan of 30 billion "in the week."

To convince its European partners, Greece on Sunday presented a plan of unprecedented sacrifices.The goal: save 30 billion euros over the next three years (or 11% of the GDP of the country!), In addition to 4.8 billion euros announced for 2010. For the people, the bitter potion looks, since it will give up the 13th and 14th month of salary for civil servants and swallowing up of one to two points in the VAT, which already stands at 21%. Taxes on fuel, alcohol and tobacco would be increased by 10%. Public investment will fall 1.5 billion over two years. The duration of pension contributions from 37 to 40 years. But is the price to pay to bring the deficit below 3% of GDP by the end of 2014 – against 14% in 2009. "These are tough sacrifice, but necessary," without which Greece would "bankrupt", said Greek Prime Minister George Papandreou.

The bill also promises salty for Europe and the IMF.The money lent by the Europeans will be distributed among them in proportion to their participation in the euro, or 21% for France and 28% for Germany. But "it's give and take," assured Christine Lagarde just before the meeting. The French Minister of Finance have no doubt: "The French and European citizens will review course their money, and loans will be repaid, principal and interest payday loans with no fax. "

Banks asked to put their hands in the pocket

Banks should also be tapped. "I would expect that the financial sector also look what he can do," warned the French minister, citing "an exercise of solidarity."For his part Jean-Claude Juncker, has assured that "all ministers have agreed to do with their respective financial and banking sectors which voluntary contributions could make the banks. Already, Deutsche Bank, Allianz and reinsurer Munich Re would pay 1 billion euros to Greece under the same conditions as for the States of the European Union, said Sunday night the Financial Times Deutschland.

Europeans paying dearly for their procrastination – "I acknowledge that I too almost lost patience along the way," admits Jean-Claude Juncker. But they had no real choice. The markets, which have been flying yields Greek beginning to wonder if Portugal and Spain since Standard & Poor's downgraded their rating."It is not only Greece but also help the rescue of the euro," said Belgian Finance Minister Didier Reynders. We must avoid the contagion. Even Germany had overcome its hostility to the idea of saving Greece from its own mistakes. "It is our duty to defend the stability of the euro area as a whole," assured the Finance Minister, Wolfgang Sch?uble.

With this plan, the financing needs of Greece are insured for 100% during the first two years and a guarantee fund for banks with 10 billion euros, has also been established. It was time for Athens was important to begin to touch the money before May 19, to pay 9 billion euros maturing at that date.

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Wednesday, April 14 at Nantes, a stone's throw from the airport by a cool sunny morning. Representatives of airlines, the future Airbus A350 XWB (extra wide body) were invited by Didier Evrard, program director for a route point. The program includes site visits and workshop "composite" which have already left the four panels of carbon fiber for the first aircraft and MSN 1 MSN 2, the five who will participate in test flights from 2012 .

Since the program started in 2007, Didier Evrard regularly inform the 33 airlines that have ordered 530 copies of the long-haul new generation. No way to disappoint after repeated delays of the superjumbo A380.

30% to 35% of the activity term

Nantes Why? Because that's where it all begins lorsqu'Airbus manufactures aircraft.Ironically, the site where you never see it because the factory is specialized in large parts, called simple. Once assembled, they form the center wing box, also called "section 21" which will set the wings and the beam waist, the keel beam that runs throughout. These two major structural elements bear the expenses of the aircraft and the aerodynamic forces.

Nantes, with its 2,000 employees, is also one of three centers of excellence composite aircraft manufacturer with Stade in Germany and Illescas in Spain. It was here that made the first piece of carbon fiber series December 4, 2009. It is also here that are developed – in conjunction with teams from Technocampus, integrated industrial site – prototypes capable of "dress" the applicant signs the "carbon fiber plies.The A 350 count 53% composite materials, and even 80% off systems, against 45% for the 380. "The composite can not only divide the weight by three parts but also reduces noise by 30% leaving the engine through a composite panel made from a single block. A unique expertise in the world, "said Michel Plantard, head of production.

In Nantes, which works upstream – 1.5 to 2 years – the final assembly as in all European plants of the manufacturer, the countdown has begun. "The timetable is tight. We must deliver the first caisson in Saint-Nazaire in the first quarter 2011 so that the Toulouse final assembly begins in the third quarter of 2011 and the first customer to be delivered mid-2013, "says Jean-Claude Schoepf, director of Nantes site.In Saint-Nazaire, the section 21 will be assembled in section 15, the composite central pavilion, a room of 32 meters long, whose manufacture has been outsourced and entrusted to the American Spirit, while the German factory in Hamburg deliver elements of the fuselage.

Once kitting is complete, the device will be assembled in Toulouse in a brand new warehouse to be delivered in September. "The issue is important because the A350 is expected to represent 30% to 35% of activity for both Airbus and our website, where just under 500 million euros have been invested for the A 350, "insists Jean-Claude Schoepf.

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This is the chore of spring fill the tax return. "It is very important that taxpayers do not spend too much time," even insisted Monday the Minister of Budget, Baroin at the press conference presenting the income statement of 2009. These forms will be sent between April 20 and May 5 to 36 million taxpayers. This year, the new measures primarily enable the administration to save money!

A revised schedule

This is the main innovation of 2010: Targets for declaration online no longer depend on the area of school holidays (A, B or C) but the department. Residents departments numbered 1 to 19 (of Ain Corr?ze) have until June 10 at midnight to Electronic Filing, those departments from 20 to 49 (of Corsica in Maine-et-Loire) until 17 June and all the others until June 24This reform simplifies the task of tax authorities, which will not need to prop up on changing the dates of the holidays. Electronic Filing on impots.gouv.fr is open from April 26.

Proponents of the paper have them until May 31 to return their declaration. This year, households will receive a single paper return. Without wishing to send two such until 2008, Bercy saves 360 tonnes of paper and 1.7 million euros.

A "GDI" to send

The pre-filled boxes are the same as last year: salaries, pensions and "income from securities and movable capital (income from life insurance, stocks …). Moreover, the tax would ask those who do not pay by bank transfer to state their bank loan no payday instant TeleCheck.Thus, the administration shall reimburse the taxpayer (for the earned income tax, the shield, tax credits) by transfer rather than by check. The 8 million checks sent each year by the tax cost him 5 million euros in printing, paper and postage. But this demand for bank details (RIB) is optional, not mandatory.

Family autoentreprise: new boxes

Under "marital status", the taxpayer must check a new box if one has raised a child for at least five years.

To qualify for the additional half-share, it will also make a sworn statement. Children in alternative custody this year are to be reported in the main declaration, and not in the supplementary declaration.In the latter, a category "autoentrepreneurs" was created.

Phone: Bercy hangs

Like last year, taxpayers no longer need a certificate so they can remote declarations from any computer. The number of remote declarations rose from 7.4 million in 2008 to 9.7 million in 2009. Baroin in hopes more in 2010. However, validation by phone is abandoned: only 5 000 taxpayers had used last year.

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Good news for consumers: quality of service of mobile operators and ISPs improve. The complaints have decreased by 28% in 2009 compared to the previous year, according to the latest report of the French association of telecommunications users AFUTT (www.afutt.org). "There is no doubt that operators and service consumers are making significant efforts", says AFUTT.

Of the 5 761 complaints received by the AFUTT in 2009, the Internet is the main black spot with 53% of complaints received, even if the improvement is constant for three years. The mobile focus, these, 33.8% of complaints.

In the hit parade of complaints, billing problems came first (16.2% of complaints), before the break of service (14.1%) and termination (14%).

However, "often the bill is not wrong", recognizes the AFUTT."This raises questions is the understanding of supply and lack of clarity in tariff." In mobile, the invoice is the primary source of litigation, almost four a complaint. On the Internet, this includes "Advance billings": the box has not yet been delivered but the subscription is already taken, or not requested options are added to the total payday loan lenders.

Despite progress, the AFUTT thus draws the whistle on three topics. First, the notion of unlimited misleading."The limit is over emphasized, even though it does not exist because there is still limited in volume, or area covered … Consumers are discovering to their cost," explains Jacques Pomonti, president of the AFUTT.

We remember the astronomical sums – up to 159 000 – claimed last fall to some customers for mobile Internet offers so-called unlimited.

"The fear of overheating"

Second concern of the association: the saturation of mobile and fixed networks. "With the explosion of mobile Internet usage and video on the fixed Internet, you are exposed to saturation of the networks. There are fears of overheating, warns Jacques Pomonti. Especially since the operators are not willing to pay only to offer more bandwidth, while some American content providers pocket all the profits. "

The files stolen by Herve Falciani the Swiss subsidiary of HSBC bank, and who found themselves in the hands of justice and the French tax authorities have been decrypted. A total of 172,000 accounts have been identified, held by 79,000 people, including 8,231 French. The prosecutor of Nice, Eric de Montgolfier, announced Tuesday evening.

It is well beyond what had been said, on March 11 last, the CEO of HSBC Private Bank, Alexander Zeller. The theft "committed by an employee of the department about three years ago, could affect some 15,000 customers," he declared at a news conference.Regarding the French, it is also far escaped the 3000 tax raised by Eric Woerth, budget minister last summer.

Return a long history

The French court before January 20, 2009 at the home of French Herve Falciani encrypted computer files containing a list of accounts held by customers of HSBC. The search was conducted as part of a request by Swiss judicial authorities, suspecting the employee of misappropriation of confidential data between 2006 and 2007.

But before passing to the Swiss – after a standoff of several months – French investigators have analyzed the content of these seizures, which have proved of great interest for justice and the French tax authorities.Prosecutors in Nice opened an investigation for money laundering and tax administration has used the data to identify suspected fraudsters cash advance to savings account.

The Battle of France

Shareholders who were illegally will pay for it keeps those who do not. Of the 6 billion euros of capital identified in the accounts in Switzerland, 700 million penalty in 2010 will be released. And 700 million euros will be refunded to taxpayers whose tax exceeds 50% of revenues.

In Italy, the method was different. Silvio Berlusconi has been voted an amnesty which showed 95 billion euros of capital and reported $ 6 billion in the Italian Treasury.

But the amnesty is not on the agenda in France. "Because the amnesty called fraud until the next amnesty," said Eric Woerth.

Italy on the alert

"Prosecutors in Turin we sent a request for mutual legal enforcement. He asked to get copies of the data we have captured, "said Eric de Montgolfier. According to the prosecutor, the Italian justice has opened an investigation for tax evasion.

The decoding of stolen files revealed the names of 7,094 Italians.

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What a pleasant surprise! In March, the barometer of the moral frameworks (- 26) has won eight points from February, regaining its 2005 level. "This result is exceptional in scope and that ends the period of depression began in the fall of 2008, is a bundle of factors, both macro and micro," said Francois Miquet-Marty, president of ViaVoice.

Last month, the number of unemployed has increased by "only" 0.1% and the Prime Minister said that the unemployment curve "should be reversed" this year.

In this context, the pessimism fades frames. They are more than 23% against 28% a month earlier, suggests that the number of unemployed would "increase significantly" in the coming months. It's the same for the outlook for living standards. The frames provide a breakdown is no longer the majority (45% against 51% in February).

Occupational mobility

Moreover, two important indicators, as forming part of life, experiencing a frank improvement. Thus, 25% of executives (+ 7 points) believe that opportunities to advance their careers in the coming months "will be important" and 18% (+5 points) than their financial situation "will improve".

Regional elections have also played a role in improving the morale of white-collar. "Their result has reassured the French left's ability to register their camp in a dynamic of conquest of power and those on the right on the determination of the President of the Republic to maintain focus and to pursue reforms, with the exception of the carbon tax, "said Francois Miquet-Marty. Asked about the place and role of higher education, executives claim, massively, more money for it.Eight out of ten consider, in fact, that France "does not invest enough" in this teaching.

On effectiveness, their opinion is also positive. Seven in ten "confidence" in higher education to deliver a broad general education and a narrow majority (52%), they also make it "trust" to prepare young people for the job.

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