Taking rang in Dubai, where the 2011 Air Show closes today. Contrary to the fears of some, Dubai 2011 has been a vintage correct with more than $ 40 billion of contracts (the rate catalog) reaped in four days by Airbus and Boeing. A good result after the fireworks of the Paris Air Show in June, which had resulted in some 100 billion dollars of contracts for only 72.2 billion Airbus.

Public debt crisis, threat of recession in western countries, job losses in banking, automobile … Nothing seems to affect Airbus and Boeing, who see a looming record year. Like ATR, the world leader in regional aircraft propeller, which flies from strength to strength.With three ATR 42-600 (50 seats) operated by the company in Dubai Siberian North Star, the manufacturer of Toulouse, a subsidiary of EADS and Finmeccanica, accumulated 148 orders since the beginning of the year. Historic levels for ATR and higher than the previous record of 2007 (113 orders). ATR now assumes 80% of the market for new aircraft from 40 to 90 seats, all confused engine (jet or turboprop).

With 221 orders and commitments announced in Dubai for $ 20.5 billion, Airbus also exceeded by mid-November 2011 its goal of 1,500 gross orders. "Our NEO A 320 was again the star of the show," welcomed John Leahy, Airbus chief executive, in charge of clients. Remotorisée version of best-selling Airbus to come into service in 2015, was commissioned to 130 copies in Dubai bringing its backlog to 1420 NEO.

The President of the Republic, Nicolas Sarkozy, on the road to Bordeaux, reaffirmed his loyalty to the social spirit of the National Council of Resistance and ran to secure a social model to which the French are "deeply attached". "The honor of France is to have built a democratic and social Republic on the ruins of World War II," he said. And specify that it "does not have it said that the legacy of the National Council of Resistance has been betrayed," but felt that these critics are the ones "who have protected the French credit by mortgaging the future of their children and grandchildren without telling them. " He explained that he wanted to open a debate "calm" on the financing of social protection, as it takes "to reform permanently" the system to "adapt" because "the status quo is a danger guaranteed online payday loans."

Rights and duties

"We can not, we can not afford to get into a spending strategy. The real answer requires a transformation of social policy, "said Nicolas Sarkozy. He wants to rights of insured persons are duties. He confirmed that the beneficiaries of the RSA (RSA) should now work seven hours to the community, as announced by the Minister of Solidarity and social cohesion Roselyne Bachelot, September 22. "It should not be a system but a worthy charity," he added.

He announced the creation of a High Council of the financing of social protection "will have to work before the end of the year," to think about solutions. "A third of our GDP is devoted to social protection.

The annual summit between China and the European Union, to be held Tuesday in Tianjin (northeast China), will probably be postponed to a later date, according to European sources consistent.

The inability of Europeans to agree on remedies to the crisis of sovereign debt and the prospect of an additional emergency summit in Brussels next week will prohibit the EU President Herman Van Rompuy to honor its meeting with President Hu Jintao and Chinese Premier Wen Jiabao told the BBC a European official.

The involvement of China and its financial resources in a regulation of the European crisis was one of the issues implicit go to Tianjin.Was the first time that the three European leaders, Herman Van Rompuy, and José Manuel Barroso and Ashton had to go all in China.

The last EU-China Summit was held October 6, 2010 in a tense atmosphere in Brussels, Europe has called on China to let its currency appreciate more and make progress on human rights two days before the announcement of the Nobel Peace jailed Chinese dissident Liu Xiaobo.

Getting started in the world of work is ever more difficult task. To put it mildly. In its latest report on youth unemployment, the International Labour Organisation (ILO) provides an alarming. The generation of a "traumatized" by the tightness of the labor market.

At the height of the economic crisis between 2008 and 2009, the number of unemployed youth had increased in an unprecedented way: 4.5 million additional young people came to swell the numbers of job seekers, when the average change is usually the order of 100,000 people a year. Since then, youth unemployment has dropped. In 2010, he touched 75.1 million people, or an unemployment rate of 12.7%. In 2011, this trend will continue according to the ILO, and the number of unemployed youth as low as 74.6 million people, 12.6%.

But this is good news in appearance, the organization warns. These good figures actually underestimate the extent of a growing number of unemployed youth withdrawing from the labor market, discouraged. The rate of young workers fell from 49.4% in 2009 to 48.8% in 2010. In Ireland, the same phenomenon would reach dramatic proportions. By including the discouraged unemployed, the rate of youth unemployment, which rises already at 27.5% (against 9% in 2007), culminate in fact almost 47% payday loans with no fax. Similarly in China, Austria and Hong Kong, the real unemployment rate is double the official figure.

"More difficult years"

As for those who manage to integrate the labor market, what they find is often "less than ideal."Part-time, for example, rose sharply, by nearly 9 percentage points in Spain, 17 points in Ireland … "The magnitude of the peak recorded since the beginning of the economic crisis suggests that many young people have taken what they could find. This is confirmed by the increase in the rate of underemployment among young people, "the report said.

And the future painted by the ILO is not much brighter. "Uncertainty in the economic environment, coupled with the greater sensitivity of youth unemployment in the economy makes the recovery in employment for this category highly uncertain. This can announce several more difficult years, "says the ILO. The organization also warns governments continuing economic difficulties could generate a distrust of young people towards political and economic systems."This factor played an undeniable role in the Arab Spring," says the ILO.

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As his term ends at the head of the European Central Bank (ECB) October 31, it is not a Jean-Claude Trichet to lecture who spoke Sunday at the Grand Rendez-Vous on Europe 1 / Le Parisien-Aujourd'hui en France / i> Télé, to discuss the crisis at the moment Europe.

With his experience of eight years at the head of the institution, who was also governor of the Banque de France, has recommended that Europeans hear the messages addressed to them. His advice? First, be "extra vigilant" with regard to public finances. Rejecting the idea that the euro area and its currency are "threatened" by the crisis, it nevertheless stated that "all countries without exception must be extremely careful." "Protect yourself rather than cure," he summarized, adding that "it depends on us that we can have the least slower growth."

Then you have to "think about the future," stressed the President of the ECB. "Tomorrow, I think we need to change the treaty to be able to prevent a member of the euro area to roam and create problems for everyone else," he said, referring to the Greek crisis that Europe in a hard to control cashadvance. He called for a reform that would make the European Council "able to impose decisions" in a country slide, with "possible sanctions".

It includes some of the "outraged"

"We must strengthen the management and governance of globalization in all fields," he also said in reacting to the movement of indignation that spreads in several major cities."There are obviously a number of lessons from the crisis that the lessons are harsh: it is not possible to leave a financial system and consequently a global economic system that is as fragile." This does not mean "demolish" the banks, he insisted, recalling that "pay three-quarters of the economy."

That he referred to as de-globalization theme is in vogue right now, as advocated by the Socialist-Arnaud Montebourg, and one can imagine Jean-Claude Trichet tense in his chair … and find that it is a call to strengthening of global economic governance.

After the vote of the Maltese Parliament – which unanimously passed in the night from Monday to Tuesday the agreement of 21 July on aid to Greece – Europe now has their eyes on Slovakia. The Slovak Parliament began its deliberations this morning which should lead to a vote in the early afternoon. The uncertainty is very high on the outcome of the election: the Freedom and Solidarity Party (SaS) member of the ruling coalition threatened to vote against, in fact, which would switch the winning side of the "no" with to Greece.

In the early morning, Prime Minister Iveta Radicova recognized that there was still no agreement in favor of a positive vote. The government could be forced to get a favorable vote, to offer in exchange for the organization of early elections.That is to scuttle.

Slovakia is the last state to ratify the agreement of 21 July, which must be adopted unanimously by the seventeen member countries of the euro area to take effect. If the vote is negative, in a few hours, the shock could be severe in the financial markets. Sole ground of hope, the Slovak parliamentary system allows in case of negative vote of Parliament to seek a second, which may occur on weekends and offer a last chance for negotiations.

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The Louvre is just a trial balloon. Haier, the giant Chinese electronics and appliances, a partner in the last Asian Film Festival in Deauville, is found now official sponsor of the exhibition "The Forbidden City in the Louvre," while the group Fosun, active in the steel industry, mining, property development, distribution and services, financed the catalog.

"This is the first time that we sponsor an event abroad. Traditionally Chinese companies involved in the financing of aid to natural disasters, earthquakes or floods. They argue that very few art events. But we made several acquisitions in Europe and you want to get closer, "says Jane Zhang, director of brand and strategy Fosun.

This, indeed, holds 9.5% of Club Mediterranean.It has also invested in a chain of jewelry and fashion accessories in Greece. Haier, meanwhile, set up last year, the seat of his European office in Paris. For one as for the other, cultural patronage that they are discovering can be a powerful tool to better integrate. But the payments remain a state secret.

Open the Forbidden City

As many as 350,000 Chinese visited the Louvre last year. The country is now the fifth largest foreign tourists to the museum, behind the United States, Brazil, Italy and Russia. So Wan Jie, head of Artron, specializing in printing, which was not 50 years, is very interested in the Young Patrons Circle of the Louvre.All they need to pay 2,000 euros per year if they are under 40 years beyond 5000 to be included, says Christophe Monin, head of development and sponsorship of the museum overnight pay day loans.

"The demand from wealthy individual to the corporate philanthropy is very strong in Asia, but their goal is to first do something for their country," says Nathalie Sauvanet, BNP Paribas. In its own way, Chen Dongsheng, president of Taikang Life Insurance, is a pioneer in China. He is a founding member of the China Social Entrepreneur Foundation and one of the best friends of the owner of Fosun, Guo Guangchang. He believes that "companies need to focus on modern culture."

It is also believed that Wang Yamin, deputy director of the Museum of the Forbidden City in Beijing. It does not hide it, the Louvre gives him ideas. The palace is full of treasures that can not hardly watch the public.They are crammed into the reserves of the City. If he succeeded in attracting Chinese businesses, it could more easily escape by appealing to the state. The tourists would stay longer when on the site. "The Forbidden City needs to develop cooperation with private companies," he pleads.

Christophe Monin, for whom "patronage is essential today," just waiting to help. But in the meantime, the Louvre would like to create a Chinese version of its multimedia guide … he hopes to be financed by entrepreneurs from the Middle Kingdom.

The main emerging countries could come to the bedside of the euro area. So says a source on Tuesday the Brazilian government, according to the Brics acronym for Brazil, Russia, India, China and South Africa – could increase their holdings of bonds denominated in euros.

These discussions are not yet at a "preliminary stage", says this source, who adds that this approach would not involve "the majority" of the reserves of these countries. The Brazilian newspaper Valor Economico understands that these purchases could be limited to the debt of Europe's most solid.

"To help the EU out of this situation"

A final decision could be taken at the meeting on September 22 finance ministers and central bankers of Brics in Washington bad credit unsecured personal loans.The Brazilian Finance Minister Guido Mantega, has already confirmed that the Brics discuss the debt crisis in the euro area, without giving details. "We will talk about what it takes to help the EU out of this situation," he said simply.

Meanwhile, Italy, whose rates have soared during bond, has denied media reports that she would have asked China to invest in debt. But markets want to believe this solution. THE EUROPEAN stock markets have closed well over sharp increases. And Wall Street is also displayed in the green end of the session.

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The CAC 40 is unable to bounce back on Monday. The benchmark index of the Paris Stock Exchange, which closed Friday on the day of a severe fall of 3.6% continues this trend. At the opening, he gave up 2.41% to 3072.51 points. The movement is the same in the rest of Europe in London, the FTSE-100 index lost 1.43%, in Frankfurt the Dax was down 2.32% and 2.22% loose up Milan.

The first global economy has fueled fears of a global slowdown by announcing Friday it had no jobs created in August, while analysts expected 70 000 net hires. "The U.S. employment figures for August suggest that the labor market seems to be moint death," said Victor Shum this morning, an analyst at Purvin and Gertz in Singapore.

Following this announcement, Wall Street closed on a sharp drop of more than 2%.U.S. markets will do on Monday with European stock any procedure they will remain closed for Labor Day (Labor Day observed every first Monday of September). "Wall Street remains closed doors, it seems unlikely that operators take the slightest risk," said Chris Weston, an analyst at IG Markets.

Asian stock markets have instead given with a negative pulse of the market in red. Operators in the region have learned that HSBC index of purchasing managers in the Chinese sector services slowed to an unprecedented low in August. Seasonally adjusted and calculated by the Institute Markit, it fell to 50.6 after 53.5 in July.

No other indicator may move the index is also expected on Monday.One highlight of the week will be the release of the Beige Book Fed on Wednesday night, which will be the summary of economic conditions in regions in the United States.

No recession expected in Europe

The side of the euro area, European Commission President Jose Manuel Barroso, has tried to reassure investors. Traveling in Australia, he said that the European economy would experience in the coming months a "moderate growth" without going into recession. "We do not anticipate a recession in Europe. The latest forecasts from the European Commission show that the growth will be at the meeting, although this growth will be moderate, it is true, "he said in Sydney.

The comments of the Head of the EU executive echoed the lowering of forecasts rating agency Standard & Poor's for the European economy last week.The decision to resurface concerns about the health of the area and the problems of sovereign debt. "We do it all, the fight against fiscal problems underlying the strengthening of the governance of the eurozone, the introduction of stricter financial regulation to improve our overall readiness" said José Manuel Barroso.

In morning trading, the euro rising slightly against the dollar at 1.4160 dollar. However, it is dropped in morning trading to a low of three weeks, at 1.4138 dollars against 1.4198 at Friday close in New York.

For their part, oil prices were down in electronic trading in Asia, depressed by the poor figures on employment in the United States.A barrel of "light sweet crude" for delivery in October lost 59 cents to 85.86 dollars per barrel of Brent North Sea crude for October delivery 74 cents to 111.59 dollars.

Values ​​to follow

Societe Generale: -5.26% to 21.05 euros (largest decrease in the ACC)

The U.S. federal agency oversight of mortgage filed a complaint Friday against 17 major international financial institutions which include the French bank, for a total loss of $ 41 billion in bonds linked to subprime.

In its wake, BNP Paribas lost 4.98% to 31.75 euros, Crédit Agricole 3.67% to 5.95 euros and 3.09% at Axa 10.20 euros.

Safran: -2.78% to 26.25 euros; Natixis: -3.87% to 2.60 euros

Safran's aerospace equipment will make its entry into the CAC 40 index, while the bank Natixis is about to leave, said Friday the Scientific Council of the indices of NYSE Euronext. The changes take effect Sept. 19.

EDF: -2.70% to 20.38 euros

The Italian Minister of Industry, Paolo Romani, said Sunday he would meet Monday Proglio about the power company Edison.

ArcelorMittal: -2.87% to 13.72 euros

Peabody Energy and ArcelorMittal announced Monday it had extended until September 27, the period during which the short bid for $ 5 billion (3.53 billion euros) on the Australian Macarthur Coal.

Zodiac: -1.67% to 54.20 euros

The group said it had completed the acquisition of the American Heath Tecna and have reached an agreement with its banks to raise 300 million euros the amount of an existing credit line.

Schneider Electric: -4.80% to 41.89 euros

The French government intervened with the company to freeze a plan for the removal of one.000 temporary positions, the daily Liberation in its Monday edition, but the group has firmly denied to AFP such a plan.

Saft: 9.81% to 23.96 euros (largest increase in the SBF 120)

The American automotive supplier Johnson Controls will pay $ 145 million (102 million euros) to the French specialist in batteries as part of an amicable agreement ending their joint venture in the automotive industry, announced Friday the two groups in a joint statement.

Alstom: -4.07% to 29.55 euros

The group signed a 66 million euros with Iraq to build a power plant in the province of Nineveh in the north, said the Iraqi Minister of Electricity.

France Telecom: -1.87% to 12.33 euros

TPSA its Polish subsidiary has announced to contest the fine of 128 million euros that inflicted the European Commission.

After market, environment and Dried Assystem unveil their first-half results.

It is a small revolution for the station and its customers: under a decree published this summer in a discreet and identified by Challenges.fr, the railway company could now set its prices much more freely. Gone are the peak and normal periods, the timing was officially recorded in advance and who presided over the setting of tariffs.

"The decree allows to adjust the price cap to the station for the gradual opening to competition of the railway market," says the text. Clearly, to boost the attractiveness and profitability of the public entity within the opening to competition of the European network, SNCF should be able to offer its customers a range of rates much larger, developed based on supply and demand.

Rate increases on the crowded trains

The gain to consumers is mixed.On some busy routes, these new capabilities would enable the public body to go beyond the current full price of the second class in rush hour cheap payday advance. Holidaymakers taking TGV lines busy for example will be expected to pay more. However, for trains shunned by customers, the SNCF would be allowed to go below rates currently charged to attract new passengers.

Such liberalization was requested by the SNCF to the government at the end of last year, in return for the introduction of a tax to finance inter-deficient lines. Neither station nor the government have so far expressed on the subject.Signatory to the decree, the Minister of Transport, Thierry Mariani, was at the time held that freedom of the SNCF tariff should remain regulated, "in that competition does not really exist."

According to Challenges, consumer groups such as FNAUT will be formally consulted before the application of the decree, "probably in the fall."