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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On the eve of closing the doors of the Salon du Bourget, a shadow could come tarnish the immense success of the European manufacturer Airbus at the time of high mass biannual aerospace. While the group has announced four days a new record of orders, with 72.2 billion worth of contracts garnered the announcement by China of a possible blockage of a contract for $ 3.8 billion ( 2.7 billion euros) for 10 A380 looks like a grain of sand from the well-oiled machine seize up.

At least, that understands the Financial Times on Saturday. Echoing the words of sources familiar with the matter, the newspaper said that Beijing had threatened "to undermine a deal worth billions of dollars for 10 Airbus super jumbos" in protest against the decision of the European Commission to include air transport system in the trading of CO2.This measure is to buy permits for each tonne of carbon emitted dioxin in European airspace, beyond a certain threshold. The Asian company Hong Kong Airlines was the official control of very large aircraft at the Paris Air Show. But the hardening of the Chinese position facing the European measure prevents the conclusion of the agreement, according to sources.

This disagreement does not allow to increase to 12 orders for A380 harvested at Le Bourget. Thursday, Airbus had reported a firm order for 10 A380, from an unidentified customer. According to one industry source, this command corresponds to that of Hong Kong Airlines. The counter for very large aircraft will remain blocked for the moment 2.

The case could also be amplified in the coming months no fax cash advances. "These are not the only contracts held hostage by the Chinese.One on the A380 could be only the first, "explains the paper citing its source. Because the European manufacturer has other current contracts with the Middle Kingdom. Meanwhile, the Airbus management is counting on a visit to Berlin next week Chinese Prime Minister Wen Jiabao, to unblock the situation and conclude the contract.

"No plan B '

Beyond this contentious spot, the tour in Europe, China (Wen Jiabao arrived here Friday in Hungary, a country holding the rotating presidency of the European Union) should be an opportunity to address the underlying problem of quotas. A delicate matter, the European Commissioner for Climate Action, Connie Hedegaard has formally ruled out that the Chinese retaliatory measures have any impact on the measure, scheduled to take effect next January. "There is no plan B. Our position is very clear.We would not amend, "she said.

Faced with this inflexibility, Tom Enders, the boss of Airbus, for its part called on Europe to be flexible, saying the "madness of attracting reprisals" from a player as influential as the China. For the latter, comply with the requirements of the EU would entail, for the Chinese airlines, a surcharge of $ 126 million in 2012, according to data from the China Air Transport Association (CATA). This figure set to rise in coming years, when China's increasing its flights to Europe. In his struggle, China is also supported by the United States.

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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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All real estate transactions involve the payment of notary fees. The note, which is completing the acquisition process where the buyer is usually borrow more or less important to his bank, still seems a bit expensive … especially if one confuses notary fees, and fees. Fees, expenses, registration fees … Mazodier Carolina, a journalist with the monthly individual, decrypts the invoice.

The player has to use default in the articles of figaro.fr. maj1

The natural disaster that shook Japan on March 11 and caused a serious nuclear accident in history, affecting badly the Japanese utility Tokyo Electric Power (TEPCO). The company reported a net loss record 11 billion euros (1.25 trillion yen) on Friday morning, well above the 9 billion expected by the Japanese press. It is the worst deficit recorded by a Japanese non-financial group. The earthquake and the tsunami have paralyzed much of its central activity based in Fukushima, a city northeast of the country now known worldwide. For more than two months in fact, at least four of six reactors on the site are stopped. Before the event, Tepco expected a net profit of 1 billion euros.

Another important announcement this morning by Tepco: Masataka Shimizu's resignation.It must be said that his handling of the crisis has been sharply criticized in Japan and the rest of the world. Particularly for its lack of transparency in the first moments following the disaster. He will be succeeded by Toshio Nishizawa, the current CEO of the group.

State utilities and banks to contribute

The future already looks difficult for TEPCO. The operator had to call for help from the Japanese government. In a request sent on 10 May at the Japanese government, the third largest producer of electricity in the Archipelago evokes an immediate need 8.7 billion euros. Very quickly, the Japanese government has responded, putting Tepco under its control and disclose its financial rescue plan."The purpose of this plan is not to bail Tepco, said Friday the Japanese Minister of Economy, but to ensure that victims are compensated properly," he commented.

TEPCO has indeed compensate the 85,000 victims of the nuclear accident. A bill that could total between 25 and 43 billion euros, according to local press. Thus the state ensures that dip into its funds and requires the efforts of other private electricity companies in the country. Even banks will tighten their belts: they have provided a loan of 1.4 trillion yen (11.7 billion euros) to Tepco are asked to waive a portion of their claims vis-à-vis the operator .

For its part, TEPCO must, of course, participate in a pinch.The group will include transfer of financial assets and properties in order to concentrate its resources on the production and distribution of electricity. In addition, the eight most senior executives of the company will also waive any compensation and personnel managers to ordinary workers, will also undergo substantial pay cuts.

In exchange, Tepco falls again

This Friday morning in Tokyo, the title has finished Tepco small increase of 0.54% before the results are published in the group. Since, in trade-off meeting at the New York Stock Exchange, the action Tepco listed on Wall Street tumbles 9.6% and is only worth 4.45 dollars. So since March 11, the title collapsed by 83%. Investors, cooled the past two months, do not see Tepco bounce soon.While its nuclear activity has melted, the group had to increase production at its thermal power plants to continue to supply the population. However, this has a cost of hydrocarbons, which could cost another 8.7 billion uros on the current tax year.

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Despite the crisis, the 1000 British richest people saw their wealth rise by an average of 18% over the last twelve months, reaching 452 billion euros, according to the annual ranking of The Sunday Times. With 20 billion euros, the steel magnate Lakshmi Mittal is the leader, even if he has suffered the greatest loss, 22%, due to the decrease of its shares, followed by two Russian oligarchs, Alisher Usmanov , another steel giant, and Roman Abramovich, owner of the famous football club Chelsea direct payday lenders.

In a country with 73 billionaires, against 53 last year and 75 before the crisis, Queen n 'PAGE arrives at the 257th place with an estate valued at 300 million pounds, up 3%. This circle has 108 women in total.

Doubts seize the oil markets on Thursday. On the New York Mercantile Exchange (Nymex), the price of a barrel of light sweet crude for June delivery broke down the psychological barrier of $ 100. It closed at 99.80 dollars, a plunge of 9.44 dollars compared to the previous day (-8.64%). Prices had not changed at these levels since March 16, when the uprisings in the Arab world and worry about the nuclear crisis in Japan had made prices soar.

The downward trend is the same on the Intercontinental Exchange in London where a barrel of Brent North Sea crude for June delivery was trading session at 112.55 dollars, more than 6 dollars less than Wednesday.

U.S. job fears

This acceleration of the decline reflects the concerns of increasingly sharp operators on the health of the U.S. economy.The bad macroeconomic indicators are linked in recent days across the Atlantic, suggesting that the recovery is too fragile. The last, fell on Thursday, did only exacerbated tensions. On the eve of the publication of the monthly report on employment, investors learn that new jobless claims in the United States increased sharply during the last week of April, 474,000 applications for allocations, while economists s 'expecting a decline. The day before, the numbers of firm ADP showed that job creation in the private sector in the United States slowed in April, well below forecasts of economists.

These announcements point to a decline in oil demand in a context of high oil prices.In addition, a continued rise in U.S. oil inventories, which should have been starting to fall a few months of the summer of large displacements.

In this context, the sharp rise in the dollar makes things worse. Thursday disappointed by the decision of the ECB not to raise interest rates next month, traders got rid of their euros. Result: the single currency, which was worth $ 1.49 yesterday, falling almost 2% to 1.4547 dollar. A situation which penalizes the purchase of dollar-denominated crude and thus rendered less attractive.

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Morale is at half mast at TF1, which held its general meeting Thursday. The poor performance of hearing the first quarter will, according to financial analysts, the impact on advertising revenue. The consensus of analysts, they would be down 2% versus the first quarter of 2010, which had posted 355 million euros. It must be said that the first private channel has been unlucky in the first months of the year with JT sluggish and entertainment in free fall.

"In 2010, free channels have pulled their growth in a proactive policy volume. The screens are well filled in 2011, the price effect which is structuring. Yet the latter is related to hearings. And, in this case, they have not always been the rendezvous for TF1, "said Sergeant John the Baptist, the brokerage firm Gilbert Dupont.This was particularly the case in prime-time portion of which sank with the accident "Square VIIIP. The lower rates would have been understood for advertisers between 14 and 24% and it was not until the introduction of the game "Money Drop", Endemol, in a few weeks to recover.

The situation is quite different with regard M6 whose advertising revenues are up 7% to 162 million euros in the quarter. Good hearing chain Nicolas de Tavernost including the JT and "Scenes from" support price of advertising. "TF1 had some crashes while hearing M6 surfs its success," said Julien Roch, a financial analyst at Barclays. This virtuous growth is now linked to the rising cost of grid announced last September and is expected to be on the year, between 5 and 10%.A boost that seduces even more advertisers and audiences are waiting for you.

Disappointment in the markets

However, the side of diversification, the group experienced a fall impressive range of analysts estimated between 16 and 20% due to the collapse of sales of Bordeaux and a weaker performance on the market broadcasting rights for lack of a twilight or indoor video.

On Thursday, during TF1 fell 4.19%, to 12.35 euros, while that of M6 lost 2.22%, to 17.85 euros. However, analysts remain calm. At European level, falling valuations of media companies is around 20%.

The President came in person at Nesle, Somme, officially announced the canal Seine-Nord Europe. This equipment of 106 km is expected to connect the river systems of northern Europe to the Seine for large-gauge barges by 2017.

"If the head of state is not involved personally to advance a project of this magnitude, nothing comes out," said Nicolas Sarkozy. This is actually two decades that early studies were initiated. The challenge: to get barges of 4,500 tons against only 650 tons today.

"The crisis is not an argument to halt the project, it is an argument to push him," stressed the Head of State announced the creation of 4,500 jobs for construction and 25,000 jobs to run.The difficulties in financing this major project, now estimated at over 4 payday loan lenders.2 billion euros to explain his slow start. Finally, regions and departments will pay crossed 710 million euros, ports (Le Havre, Rouen, Paris, Dunkirk) 106 million, the European Commission 333 million. "We also expect a contribution from the general advice of Ile-de-France," says Nicolas Bour, project director for the Waterways of France (VNF).

The private sector will invest over 2 billion euros. Bouygues and Vinci-Eiffage consortium have expressed interest to participate in "competitive dialogue" launched Tuesday. The final selection will occur within eighteen months after exchanges between manufacturers and government to refine the project technically and economically.

After breaking the 4000 point mark, the CAC 40 is struggling to find a direction Thursday. The index initially opened higher and then came back in the red, losing 0.09% to 4020.80 points.

At the London Stock Exchange, the FTSE-100 gained 0.41% to 5972.44 points and the Dax index featuring the Frankfurt Stock Exchange climbed 0.16% to 7068.29 points.

On the macroeconomic front, several indicators are planned, including price indices for production and import of industry (8.45) and indices of agricultural prices in February (12:00). After the Minister of Budget, Baroin, announced Wednesday a government deficit of 7.2% in 2010, the Minister of Economy and Finance, Christine Lagarde, sees even less than 7% on Thursday. INSEE reveal the exact figure at 8.45.

For the EU, a first estimate of inflation in March is expected at 11:00.United States, are scheduled weekly claims for unemployment benefits (1430), activity in the Chicago area in March (15.45) and in February industrial orders (16 hours).

On the currency markets, the euro continues to rise against the dollar at 1.4154 (+0.20%).

The debt crisis in the European program

Oil prices were up Thursday morning in electronic trading in Asia in the wake of the rebound on Wall Street, analysts said. In morning trading, a barrel of light sweet crude for May delivery gained 28 cents to 104.55 dollars. That of Brent North Sea crude for May delivery took 20 cents to 115.33 dollars.

The eyes of investors will also be turned on Thursday to Ireland will be published when the stress tests of banks in the late afternoon.The debt crisis is again in the spotlight, while the Portuguese rate exceeds 8% and that the Greek deficit was revised upwards.

Meanwhile, the banking sector shows the highest increases in the Cac 40: 2.09% Societe Generale loose at 46.49 euros, Credit Agricole sells 1.92% to 11.78 euros, BNP Paribas lost 1.58% at 52 , 46 euros and Natixis was down 1.06% to 4.02 euros.

In contrast, Renault, despite its setbacks in the false case of espionage, climbing from 1.64% to 39.36 euros, the largest increase in the Cac 40.Total (0.91% to 43.31 euros) and Vallourec (+0.44% at 79.85 euros) complete the podium.

LVMH: -0.04% to 111.60 euros

In addition, the Annual General Meeting of LVMH will be held at 10:30.

Poweo: -2.33% to 4.61 euros

With a loss of 146.2 million euros in 2010 against a loss of 85.3 million in 2009, operating income of Poweo was sealed by non-recurring items, as announced in February. The net loss attributable to group Poweo has for his part amounted to 133.4 million euros, against a loss of 93.5 million in 2009.

After-hours trading, Cellectis Genoway publish their annual results.

Renault: 1.64% to 39.36 euros

Nissan and Renault were heading towards the establishment of a holding company which unites the two car manufacturers under one roof, said Carlos Ghosn, president of both groups, in an interview published by the Nikkei newspaper.But a spokesman for Nissan denies this morning, stating that this article resulted from a misinterpretation of what the CEO.

L'Oreal: -0.06% to 82.99 euros

YSL Beauté (L'Oréal) will cease in advance to create and develop the flavors of the Italian luxury group Ermenegildo Zegna, according to a statement released Thursday.The license agreement, which was to expire in April 2013, ending June 30, said the world number one cosmetics.

Publicis: -0.36% to 39.86 euros

Publicis announced that Jean-Yves Naouri, tipped as a possible successor to current chairman Maurice Levy, was appointed executive chairman of Publicis Worldwide, a subsidiary of the group including its network of marketing and advertising.

Schneider Electric: -0.17% to 120.40 euros

The electrical equipment manufacturer Schneider Electric announced Thursday the acquisition of assets of DigiLink, the "leading provider of structured cabling in India", about 80 million.

Areva: Trading suspended

The Strategic Investment Fund announced in a statement Thursday it has completed the acquisition of the stake in Areva STMicroelectronics.The nuclear expert held 10.9% stake in the OEM electronics.

Maurel & Prom: -0.04% to EUR 13.61

The independent oil company Maurel & Prom will ally with the Colombian Pacific Rubiales Energy by assigning half of his rights in a series of permits.

Trigano: 1.44% to 24.25 euros

The specialist for caravans and motorhomes Trigano announced a six-monthly sales growth should, in his view, lead to market share gains and improved "sensitive" in its results for first half of the year.

Saft: -0.67% to 29.09 euros

The battery maker Saft has announced in a statement that only one of components it buys in Japan is produced in the region of the country affected by the earthquake and tsunami of 11 March.