New black day in European markets on Thursday … After a positive start of the session, the Paris Bourse trend changed abruptly in mid-day, gradually widening its losses throughout the afternoon. At the opening of Wall Street, the Paris index widened its losses, before diving even more sharply after 16 hours: the long-awaited intervention of Jean-Claude Trichet, president of the Central Bank (ECB) has indeed failed to relieve the stock markets. Operators have even made a fright late in the session, while the stop trading market indices for nearly an hour has raised fears of a suspension of classes due to stock market panic … Set to 15 minutes of the fence, which was ultimately a technical problem resulted in a sharp fall in the CAC 40 (-3.90%) at 3320.35 points, its lowest level two years.And other European stock markets have experienced almost the same movement of panic.

The scenario of this Thursday confirms that seen in Paris last week, namely an acceleration of losses at the time of the opening of U.S. markets close in a pout down more than 2%. "This confirms that the United States still give the" the "squares global analysis at Montsegur Finance Chaulet François. We currently have a suréaction operators who rely on the assumption of a return of the U.S. economy into recession. " A favored hypothesis for two or three weeks with the publication of figures across the Atlantic macroeconomic advanced, contradicting the idea of ​​catching up the economy in the United States, emerging from a recession that have to fall by 5% the GDP of the world's largest economy.

The technical rebound is expected

"The market has fallen into the hype on this subject and even capitulation, says François Chaulet. Added to this disproportionate sanctions on publications disappointing corporate earnings. And those who announce the results as expected are not rewarded fast cash now. They fall with the market, "For example, Veolia Environnement has seen its market capitalization divided by three since its profit warning on July 29.

The expected technical rebound this week after once in July already difficult, will not be today. "There was certainly a relief of the market for debt issues of U.S. and European full analyst.But beyond the announcement effect, investors are well aware that the solutions proposed (raising the ceiling of the debt in the U.S., and plan of aid to Greece ed) will not be so obvious that it set up. As long as there are political procrastination and that concrete measures are not implemented, the nervousness is expected to remain high, "adds he.

Opportunities to seize

Beyond this movement quite inexorable decline seen for ten days, the analyst points out, however, with a decline of 12% in five days, "we are still far from the levels of volatility in late 2008, where the movements daily up to 10%. In this context, there is no reason for the long-term investors do not come to the equity markets to take advantage of attractive valuations, "he says.A board to which some will probably oppose a speech often too optimistic on the part of financial analysts during a stock market panic.

Surrender is not waive

In terms of technique and market, capitulation means a massive sales of shares on stock markets, whatever the cost or risk of capital loss for the brokers. Often result in very large volumes of trade (4.8 billion euros at the end of Paris on Thursday) and a sharp drop in equity indices. Technically, however, this may be a sign of hope for the operators, the corresponding capitulation (in theory) to the lowest point of the market, the final step before the rebound. A theory that investors will surely be keen to see tomorrow ….

Philip Carli, who arrived in October 2010 within the Amaury group, wants to make Paris Aujourd'hui en France "a reference to the national daily press and local cross-media in France."

LE FIGARO. – What is the content of the proposed stimulus package you presented yesterday to the employees of "Parisien in France today?"

Philippe CARLI. – We have decided to invest 30 million euros to develop and diversify our offer. This choice results from the observation that 80% of our revenues come from sales to the number. We must therefore meet the expectations of our readers. The objective is to increase our revenues of 100 million euros on the brand Le Parisien in France today. To retain and expand our audience, we plan to invest ten million euros, with, among others, the creation of a weekly magazine offers.Coupled with the daily on weekends, it will include in the second half of 2012, a news and lifestyle magazine picture of a hundred pages. In a second step could be added a weekly edition of our monthly enriched La Parisienne.

And for everyday?

Besides the fact that the model will be upgraded with a passage of 64 full color pages, we wish to reaffirm our commitment to strengthening our close nine departmental editions (eight departments of the Ile-de-France and the Oise), representing 49% of our sales. We plan to increase their editorial pagination of 50% and increase local resources, including rich media. Finally, to be closer to the cities and communities, we want to enter into agreements with associations, clubs and municipalities.A manager of the communities would be created for each edition.

You also mentioned before the diversification of employees …

Indeed we expect to invest 20 million euros in acquisitions of companies specializing in electronic transactions, including trade between individuals, group purchasing, or even the classifieds. We are also interested in human services.

The envelope of 30 million euros, also includes capital expenditure?

The journal's editorial changes will be accompanied by a modernization of two of our printing presses Saint-Ouen, where we have modernized our mailroom at a cost of 3 million euros. In addition, we invest in our management tools related to our subscribers, our readers and clients.30 to 35 million French people each month are in contact with one of the hallmarks of our group (Le Parisien in France today, the team, Amaury Sport Organisation). It's time to capitalize on these contacts by imagining new offers for our subscribers. I am convinced that this is a very strong leverage income.

Where are you in the digital convergence of your editors?

If there is one place where it is well advanced, it is in our county editions, where journalists play the game But there is still room for improvement, including better integration of information flow and anticipate events . In terms of organization of the group Le Parisien, five major areas should be established, bringing together existing services around cross-cutting issues – news, entertainment and sports – and two that would be created – investigation and image.The realization of any newspaper should be linked to art direction and a cross-media desk would also be created to handle all information and redirect them to different media.

This major reorganization will she downsizing?

It should actually result in the removal of items from 40 to 50 of the 600 employees that has Le Parisien. But I said that my desire is to avoid forced departures. We want to set up a voluntary redundancy plan the details of which will be discussed with the social partners in September.

What functions are involved?

Mainly managerial functions, simplifying the hierarchical organization, and positions related to the achievement of the newspaper.The creation of new centers, in particular survey and image, is expected to provide opportunities in writing to some of those involved. Scribblers writing should not, however, be affected.

On the branch Amaury Sport Organisation (ASO), what are your plans?

We will continue its internationalization. Several opportunities are being explored. We will support the development of ASO in South America, including Brazil, where we opened a subsidiary in late 2010. But also in Spain, where we took a significant stake in the Vuelta, the Tour of Spain. We also plan to organize events around the bike in Qatar and Oman. Discussions are also underway for events in China.

In Tokyo, the stock market took a break after seven straight session chained. Around 7 am on Thursday, the Nikkei loose 0.14% to 10,066.20 points, still maintaining the threshold of 10,000 points achieved by closing yesterday. Orders for capital goods in the private sector in Japan, excluding energy and shipbuilding, rose 3% in May compared with April, a sign that the investment return to the tsunami of March 11.Spending on equipment rose sharply for manufacturers of electronic equipment for telecommunications (28.4%) and precision instruments (31.5%), rising also, to a lesser extent, the manufacturers of automotive and suppliers (2.9%).

Note values ​​aside, there are rumors that the next release in 2012, the Sony PS4 (0.68% to 2208 yen), six years after the release of the PlayStation 3.

Elsewhere in Asia, the trend is also sluggish, as small movements recorded the day before in the region. And Australia, the S & P / ASX gleans 0.05% to 4607.40 points. The Anglo-Australian mining giant BHP Billiton (-0.13% to 44n39 Australian dollars) has suspended its operations Thursday to sea and rail transport to the site of its large iron ore mine in Western Australia, after " major incident "that took the life of an employee, he said.BHP said the accident happened early Thursday morning on its facility in Port Hedland which is exported the ore on the west coast of Australia.

In South Korea, the KRX managed to climb more sharply in the green, growing by 0.48% to 4640.52 points. Samsung Electronics Group (-1.89% to 881,000 won) said Thursday that he was counting on an operating profit for the second quarter 2011, down 26% to 3,700 billion won (2.4 billion euros ), against 5,010 billion won a year earlier.At the same time, its sales should be up 2.9% to 39,000 billion won, against 37,890 billion won a year earlier.

China has raised interest rates by 0.25 percentage points

Moreover, the battle between the U.S. computer maker Apple and Samsung has further escalated, the first requiring U.S. authorities blocked the import of smartphones and tablets of the second. The two companies accused each other since April to copy and to violate patents, increasing the number of complaints to both United States and South Korea, but also in Japan or Germany.

In India, the BSE advance of 0.580% to 18,820.10 points. In Singapore, the Straits Times is 0.49% to 3130 points. Finally in China, Hong Kong Hang Seng gained 0.66% to 22,666.10 points and the CSI 300 of Shangahi, 0.57% to 3131.58 points.Markets include the new and much higher rates that took place in China yesterday, Wednesday, the third since the beginning of the year. Rising consumer prices rose, with 5.5% in May, its highest level since July 2008.The yuan, it continues to appreciate.

The small increase in oil

Oil prices were on the upside in electronic trading Thursday in Asia, due to signs of an increase in consumption in the United States, world's largest consumer of oil. A barrel of "light sweet crude" for delivery in August takes 66 cents to 97.31 dollars.That of Brent North Sea crude for delivery gained 57 cents to equal 114.19 dollars.

On Wednesday, oil prices have retreated a bit in New York, however, offering some resistance to a series of negative indicators for the application, between rate hikes in China and fears of contagion from the debt crisis in Europe.

The Paris Bourse is stabilized Friday morning after a nice session of increase recorded last night leCac 40 opens to the balance (-0.01% to 3981.96 points, still close to 4000 points a threshold that has not been touched for a month. The Greek situation reassured the financial world yesterday, as the Greek Parliament finally adopted the unpopular austerity plan, paving the way for the release of a next tranche of aid from the European Union and the International Monetary Fund. The euro has risen, moving at more than $ 1.45 this morning.

To be continued this morning Markit manufacturing PMI this afternoon and consumer confidence from the University of Michigan in June (2nd estimate), construction spending in May and the ISM index of activity in industry in June.

Investors also will monitor the U.S., where the issue of debt escalates.One report indicates that U.S. lawmakers should agree within three weeks on raising the debt ceiling, or the country will default.Timothy Geithner, the Secretary of the Treasury, would resign.

The figures in the automotive market

The Committee of French Automobile Manufacturers (CCFA) has released figures this morning the car market for the month of June and first half: the new car registrations in France fell 12.6% in June, in gross, with 210,236 units sold, Renault (-0.88% to 40.52 eruos) showing a plunge of 29.3%, said Friday the Committee of French Automobile Manufacturers (CCFA).

Renault breaks the price of his Renault Twingo, faced with falling sales, will sell for the first time one of his vehicles, the little Twingo at a price lower than the Logan, the model input range of its Romanian subsidiary Dacia, according to La Tribune.

PSA (-0.63% to 30.67 euros) is increasing in India The automaker is expected to invest 620 million euros in building its future manufacturing site in India, according to Les Echos. PSA will implement this facility in the state of Tamil Nadu, south of the country.

EDF EN signs a big contract

EDF. EDF Energies Nouvelles (-0.13% to 39.64 euros), a subsidiary of French group dedicated to renewable energy, has signed with the Danish Vestas Wind Systems for the use of wind turbines in Europe and the United States. The contract could provide the French operator up to 2000 megawatts over the period 2012-2014. The transaction amount was not disclosed.

LVMH (-0.36% to 123.65 euros).Philippe Pascal, who led for ten years, watches and jewelry division of LVMH, has been appointed adviser to Bernard Arnault, CEO of the world's number one luxury.

Areva (0.08% to 25.73 euros) said Thursday that the strategy developed since the creation of nuclear group by Anne Lauvergeon was a "success" and that his replacement did not involve a change of course.

EADS (-0.35% to 23 euros) Thursday announced the successful acquisition, through its subsidiary Eurocopter, the Canadian aerospace supplier Vector Aerospace, 98.32% of shares were made to the offer made in late May.

TF1 (0.48% to 12.60 euros) Thursday announced to be in negotiations to become the sole shareholder of Metro France, the eponymous owner of the free newspaper which claims 2.4 million daily readers.

Carrefour (-0.35% to 28.22 euros) has signed an agreement with Pixmania, the specialist in consumer electronics, to catch up in online sales of non-food.

Bénéteau (0.37% to 14.90 euros), leading manufacturer of sail, said that sales for the first nine months of 2010-2011 and the level of its order book permitted him to confirmed its target of annual turnover of 920 million euros.

BioAlliance (-4.92% to 5.80 euros) Friday announced the launch of a capital increase of EUR 16.6 million to accelerate development of its portfolio of orphan drugs in oncology, particularly Livatag .

CGG Veritas (-3.13% to 24.60 euros): Goldman Sachs cut its price target to 29 euros against 31 euros previously and released the value of its company preferred.

Teleperformance (0.96%) would be an ideal target for a fund specializing in buyout leverage (LBO), analysts said while the global call center is not in debt and that its Capital is not controlled.

Valeo (2.47% to 48.24 euros) from the list of preferred values ​​of Morgan Stanley. The intermediate course is 67 euros.

The Brazilian José Graziano da Silva, 61, was elected Sunday Director General of the Food and Agriculture Organization (FAO). He becomes the eighth five-year patron of the technical agency of the United Nations established in 1945 to fight against hunger and promote agriculture in the Third World. FAO is currently the largest UN agency with an annual budget of about one billion dollars. The Brazilian succeeds Senegalese Jacques Diouf and the Lebanese Edouard Saouma who each led the Organization for eighteen years.

A graduate in agronomy, economics and rural sociology, Graziano da Silva in 2006 was Assistant Director-General, in charge of Latin America and the Caribbean. At the 37th General Conference of FAO, he obtained the votes of 92 members of 180, winning in front of the former Spanish Foreign Minister Miguel Angel Moratinos.It's sort of a victory for the emerging markets when Christine Lagarde is the favorite in the IMF against the Mexican Agustin Carstens.

José Graziano da Silva will head the FAO on 1 January 2012, at a crucial time, in a context of soaring agricultural commodities. His road map is all mapped out after the agreement snatched last week in Paris G20 agriculture: the text gives a role to the international organization in the fight against price volatility and sets a target to increase production World Food 70% by 2050 to feed 9 billion people online pay day loans. Knowing that today nearly one billion malnourished.The organization must support a new global database measuring the levels of production and stocks, and a "forum for rapid response" meant to anticipate retaliatory trade embargo on the export type.

"Three meals a day"

In Brazil, Graziano da Silva is responsible, as Minister of Food Security in the first Lula government in 2003, the ambitious "Fome Zero" (Zero Hunger), considered a resounding success that has reduce inequalities and thousands of Brazilians out of extreme poverty.

His election to the FAO, he chose the slogan "ensure three meals a day," which is still an illusion for a third of humanity."I am no longer the candidate of Brazil, I am the CEO of all countries," said Jose Graziano in Spanish, visibly moved after the announcement of his election.

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The Paris markets still 3800 points away on Thursday. At the close, the CAC 40 drops 2.16% to 3787.79 points. In its wake, the London Stock Exchange ended down sharply, the FTSE-100 index of the core values ​​losing 1.71% to 5674.38 points. Featuring Dax index of the Frankfurt Stock Exchange also ended down sharply from 1.77% to 7149.44 points.

European markets have increased their decline late in the session, according to the temper of the U.S. markets. These show heavy losses after the publication of a series of bad statistics.

The weekly jobless claims rose in the United States during the week to June 18, at 429,000 against 420,000 (revised) the previous week, said Thursday the Labor Department. Economists on average had expected 415,000 jobless.In addition, new home sales fell 2.1% in May for the first time in three months, according to figures from the Commerce Department. On an annual basis, sales came out at 319,000 units. Analysts had expected 310,000.

Also in the United States, a report by the Congressional Budget Office (CBO) on Wednesday warned against an explosion of net public debt, which can reach 100% of GDP by 2021 if nothing is done to correct the current course. In addition, the U.S. central bank is now focusing on a GDP increase of less than 3% in the fourth quarter.New measures could be considered if the economic situation deteriorated.

In China also, the index of HSBC measuring manufacturing activity fell in June to its lowest level in eleven months.

In the euro area, the ads are not as fun. PMI purchasing managers fell in June to its lowest for twenty months to 53.6 points, confirming a slowdown in European economic activity. The growth of private sector activity in France has slowed more than expected in June.

Note that European leaders find themselves on Thursday night in Brussels at a summit to try to reassure their ability to stem the endless debt crisis in Greece and prevent contagion throughout the euro area, which worries more and more abroad.Other items on the agenda: the confirmation of the appointment in November of the Italian Mario Draghi as President of the ECB to replace Jean-Claude Trichet.

Oil unscrews

On the currency markets, the euro fell sharply against the dollar on Thursday, as the market digested the Fed announcements. The single European currency was worth 1.4254 dollars against 1.4349 late Wednesday.

For their part, oil prices tumbled on Thursday as well, dropping more than $ 8 in London and close to $ 6 in New York, after the decision of the International Atomic Energy Agency (IEA) to tap 60 million barrels in its strategic stocks to supply the market. In New York, a barrel of "light sweet crude" (WTI) to let go due in August 5.02 to $ 90.39 dollars, after touching 89.69 dollars, its lowest level since Feb. 21.A barrel of Brent North Sea crude for August delivery fell 7.61 dollars in London to 106.60 dollars, after getting off a few minutes earlier to 105.72 dollars, its lowest level since May 6

EDF denies

Side values, only EADS, parent company of Airbus, is in the green at the end: the title earns 0.78% to 22.02 euros. The low-cost Malaysian airline AirAsia has placed a firm order for 200 Airbus A320 Neo, a record in civil aviation in number of units sold bad credit personal loan lenders. Thanks to the mega-contract, the total firm orders for Airbus is about $ 58 billion for 621 aircraft. The buyers of the Airbus A400M signed a framework agreement on the development and maintenance of the fleet of the future military transport aircraft. Furthermore, after signing an order for sixteen billion dollars with Indigo.American Airlines could also favor the European aircraft manufacturer at the expense of its rival Boeing.

Banks suffer: BNP Paribas lost 3.86%, 3.55% Societe Generale, Credit Agricole and Natixis 3.75% 3.45% while trades a private sector participation to a new plan of aid to Greece . European banks resisted, however, a defect in Greece, according to Bernard de Longevialle, head of bank ratings at Standard & Poor's. Note that BNP Paribas bought 25% of Findomestic to the bank Intesa Sanpaolo for 629 million euros and now holds 100%.

EDF (-1.92% to 25.59 euros), which plunged 3% yesterday at the meeting, had to deny rumors of leaks in nuclear plants in France. The CGT has nevertheless confirmed that called for an end of a reactor at the plant in Seine-Maritime Paluel due to extraordinary levels of radioactivity.The electrician has admitted it yesterday "an accumulation of small differences" after the publication of an article Mediapart citing incidents in series.

In addition, the dean of French nuclear reactors, the central Fessenheim, would be allowed in the coming days to continue to operate for ten years.

EDF is also increased to 96.71% of share capital and voting rights of EDF Energies Nouvelles after the public offer launched on its subsidiary, announced Thursday the AMF in a statement.

Air France-KLM lost 3.36% to 10.08 euros.

Dassault Systemes (-2.25% to 56.43 euros) a table of double-digit increase in sales in the aerospace and defense between 2010 and 2014 thanks to the many innovations offered by these sectors, said Wednesday Reuters its chief executive Bernard Charles said in an interview.

Automobile manufacturers seek to diversify their income and increase customer loyalty.

Peugeot (-1.77% to 29.36 euros) PSA installed production capacity that should allow it to manufacture more than 30,000 hybrid vehicles per year, reports La Tribune. "At Sochaux, we expect a potential of 70 to 80 units per day," says Serge Isler, project 3008 Peugeot hybrid.In addition, PSA has manufactured in Rennes, Brittany, just over 15,000 Peugeot 508 equipped with the same technology, the paper said.

The vaccine against typhoid Sanofi (-1% to 52.29 euros) was granted the status of "prequalification" of the World Health Organization (WHO), prior to its use by UNICEF and other agencies International, a first for a vaccine of this type, the group announced Thursday.

PPR (-1.45% to 115.80 euros) holds 87.4% of the U.S. manufacturer of sports clothing Volcom at the end of its tender offer (OPA) is friendly and able to reach 90% capital by playing an option, according to a statement released Thursday by the French group.

"COMPETITION – Estimate the Cac 40 in late June

.

The French have a very vague idea of ​​what awaits them at the end of their careers, and that the anxiety. An international study of the HSBC bank, more than one French person in three (38%) know what will be its main source of retirement income. This is the highest score in the world (17% in this case are the United Kingdom, 9% in India). Further evidence of this vagueness, the French are also among the most likely to feel ill prepared for retirement (50% against 41% on average in the 17 countries assessed). Logically enough, these uncertainties generate fears for the first time since 2005 (launch date of this annual survey), financial security has caught up with good health as essential for living a happy retirement. And they are 69% think that their situation will be worse compared to that of their elders."The social mobility between generations is not broke, but he lost his speed, said the sociologist Jean-Philippe Viriot Durandal. The middle classes, in particular, fear the decommissioning and feel less protected from the effects of globalization. "Despite these concerns, the new rules of retirement are now clear. After the reform of the basic pension, adopted last October, the future of compulsory supplementary schemes remained unresolved. An unknown factor since the schemes Agirc (frames) and Arrco (for all private sector employees) are on average 57% of pension managers against 31% of the pension non-executives. The agreement signed by the social partners on 18 March (even if the CFE-CGC, non-signatory, is opposed to text) applies to occupational pensions as from 1 July.Brief overview of major changes.

How old is going to go?

So far, for a pension without additional haircut, two possibilities: either wait 65 years or liquidate his retirement earlier than age 60 and have all his quarters in the basic (163 for persons born in 1951, 164 for those born in 1952, 165 classes for 1953 and following). Negotiators Agirc-Arrco have decided to offer "any reform, no reform that" the basic plan: These two terminals will be gradually raised to reach 62 years and 67 years from the 1956 cohort. The first step comes from the 1st July, with the passage of 60 years and 4 months for those born after 1 July 1951 payday loan companies. Under certain conditions (long careers, difficult mother of three children born before 1956, workers with disabilities), early departures are possible.And it is possible to liquidate his retirement Agirc Arrco-five years before the legal age applied to the basal diet (55 and 57 years today in the future), but at the cost of a high amputation of the pension.

The current arrangement providing for the costs of pensions before age 65 for supplementary pension schemes based on AFFMB (Association for the fund management and financing of Arrco Agirc). He was reappointed until 2018. Good news for sure because in the past, the MEDEF has sometimes threatened not to extend this system, which would cut pensions significantly. From a practical standpoint, pensions Agirc-Arrco will now be paid monthly rather than quarterly basis beginning in 2014. As for performance, ie the ratio between contributions paid and pensions received, it will continue to decline in Arrco in 2011 and 2012. It will drop even faster to Agirc to be aligned with Arrco.So far, for 100 euros assessed during the career, the annual pension amounts to 6.59 euros and 6.70 euros Arrco to Agirc. But then, from 2013 to 2015, this performance has stabilized.

The new rule concerning the parents of three children is unique: a 10% bonus for all supplementary pensions, as in the basic schemes. The benefit would be capped at 1,000 euros per year and as many Arrco Agirc. This bonus replaces the 5% proposed by Agirc which were added, for managers, 8% for the parents of three children, 12% for four children, 16% for those who have five, 20 and 24% for six % above. These new rules should benefit a vast majority of contributors and disadvantage some very high-income executives and / or parents of at least four children.The reform will apply to the rights and pensions obtained after 1 January 2012, pensions paid after that date, the old rule applies until the end of the year. The surcharge for each child Arrco still dependent in retirement (5% uncapped) for his part had almost disappeared. She was finally extended to Agirc.

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The year 2011 should be black for the airlines. In any case, predicted that the International Air Transport Association (IATA) on Monday. At the annual meeting of the association in Singapore, it has halved its earnings estimates for companies this year. "Natural disasters in Japan, unrest in the Middle East and Africa, plus the sharp rise in oil prices, slashed profit forecasts for the sector, to 4 billion U.S. dollars," and said IATA Director General Giovanni Bisignani.

This estimate of 4 billion is a drop of 78% compared to profits of $ 18 billion achieved in 2010, year of strong recovery for the airline after the economic crisis.Margins would amount to only 0.7% and a forecast turnover of 598 billion dollars.

A barrel is too expensive

In early March, IATA still evaluating the benefits to 8.6 billion. But it was just before the earthquake, followed by a tsunami and the nuclear disaster Fukushima, Japan. This drama series was first led to a suppression of flights to Japan and then a slow recovery for many companies. But the Japanese air transport market, valued at 44.4 billion euros, representing 6.5% of world traffic and 10% of turnover in the sector. Furthermore, Japan provides 3-4% of world production of kerosene, which is exported to Asia. "Part of that refining capacity has been lost due to damage caused by the earthquake," says the association.

Rising oil prices is just one of the main concerns of IATA.The Japanese crisis was grafted to increased tensions in the Arab world instant personal loans guaranteed. Libyan oil production, usually by 1.6 million barrels per day, is almost stopped due to fighting. And despite the increase in output of major oil-exporting countries, the markets fear a shortage. In April, a barrel of Brent North Sea thus came to London to 124.45 dollars, the highest since Aug. 4, 2008, while in New York, a barrel of light sweet crude " (WTI) rose to 111.68 dollars, the highest since September 2008.

Falling prices in May has also been only temporary because prices, reinforced by a weak dollar, have already gone back up.At the beginning of June, a barrel of light sweet crude "evolves around $ 100 while that of Brent North Sea worth $ 115.

Suspicious, IATA has reassessed its estimate of 15% for the average price of a barrel of Brent crude for the whole year, to $ 110 against 96 previously. The fuel bill for all airlines and will rise by 10 billion to 176 billion. "Fuel now represents almost 30% of the cost of air transport, more than double the 13% from 2001, according to the association. "The efficiency gains achieved during the past decade and improving economic conditions help offset the high cost of oil, but with limited margins to 0.7%, this leaves little protection against possible shocks, she says.

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The International Agency for Research on Cancer (IARC) of WHO said Tuesday that the use of mobile phones should be considered as "possibly carcinogenic to humans". This announcement comes after a meeting that brought together for eight days in Lyon thirty experts from 14 countries, could generate much response. In reality, this classification reveals uncertainty experts face a potential risk. Besides mobile phones, the decision also applies to other wireless phones.

"The evidence continues to accumulate that are strong enough to warrant classification at 2B (one of five levels of classification that defines product" possibly carcinogenic "to humans, Ed)," said Jonathan Samet , chairman of the working group, during a telephone press conference."The working group based this classification (…) on epidemiological studies showing an increased risk of glioma, a type of brain cancer associated with the use of wireless phones," he said. This ranking means he believes that "there may be a risk, and therefore we must closely monitor the link between mobile phones and cancer risk."

Tumors of the auditory nerve

Experts have analyzed hundreds of studies already published on the subject short term personal loan. The possible association between wireless phones and cancer focuses on gliomas and acoustic neuromas, tumors of the auditory nerve. The potential risk involved rather large users (thirty minutes per day for over ten years). Experts believe that further studies are needed long term to refine this classification.Meanwhile, they ask that pragmatic measures such as promotion of hands-free, are taken to reduce personal exposure.

In contrast, radar, microwaves and radio signal transmitters, television or wireless telecommunications (masts) were not classified due to insufficient data.

The World Health Organization classifies products or agents used by humans into five groups according to their risk of cancer. Group 1 identifies the 107 carcinogenic to humans. Group 2A, so-called "probably carcinogenic" (59), 2B substances "possibly carcinogenic" (266), group 3, the agents "unclassifiable" and group 4, the "probably not carcinogenic."

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At a time when competition in the market for online savings, Cortal Consors wants to restore the voice. The BNP Paribas subsidiary specialized in savings and online brokerage has launched an image campaign, which aims to strengthen its reputation. She recalls in particular that it was behind several innovations on the savings market, including the marketing of all mutual funds. The property line puts the means of communication with a budget increase of 30%. "In recent years we have invested less than our competitors," admits Gommard Benedict, CEO of the brand which claims 530,000 customers and hopes to reach 25,000 to 40,000 per year.

Through this campaign, Cortal Consors stands out from most of its direct competitors (BforBank, ING Direct, Fortuneo …) focusing on the custom board heritage.And by offering a savings account paying 3.25% for one year (2.23% net), while the majority of promotions for new customers rising to 4% or 6% gross for three months. The online bank hopes in this way retain investors increasingly fickle, quick to hunt for bargains.

Customers rather rich

Especially since the savings market is fought. Online banks, which have made their product booklets of conquest (according to a survey Credoc Monabanq, 56% of their clients have at least one) must now cope with the onslaught of traditional banks. "We have more difficulty in asserting our difference," says Andre Coisne, CEO BforBank, a subsidiary of Credit Agricole.

Involved? The new prudential rules (known as Basel 3) requiring that in future banks have more capital and assets easily accessible, thus more "liquid". Result, they direct more savings to their customers bank books and other deposit account. During the first 4 months of the year, the booklets were not controlled and drained about 10 billion euros in savings.

To remain competitive, banks multiply the distance marketing innovations (promotional rates reserved for first customers …). They want so optimistic. Especially since, according to the study of Credoc, "nearly 31% of customers would consider it as their main bank." Customers even more interesting because they are financially above the average rather rich, young, Parisian and graduates.They also hold more financial products than the average …

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