This is a first official estimate. Le Figaro had argued Wednesday the number of one billion euros in damage, according to the French Federation of Insurance Companies (FFSA), the Xynthia storm that swept through France last Sunday is expected to cost at least $ 1.2 billion of EUR insurers. Because this encryption is based on insurance claims 500,000 victims and will probably be revised upwards. Firstly because other people should still report damage in the coming days. Xynthia is indeed the most violent storm in the 1999, stronger than that Klaus had 740,000 victims last year in the Southwest. Secondly, many houses are still flooded making it difficult to make a definitive estimate of the damage.
The assessment takes into account the damage caused by wind and partly by water.These latter are partly supported by governments that have recognized the state of natural disaster one hour payday loan .
To find the total cost of damage from the storm, it would also add all those suffered by all the infrastructure (roads, bridges, dams). Borne by state and local governments and not covered by members of the FFSA and the Grouping of mutual insurance companies, they have not been integrated to 1.2 billion euros. The final cost of Klaus – 1.68 billion euros – was nearly three times the initial estimate.According to the FFSA, it will take one to two months in order to establish the final amount of the cost of the storm for its members.
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The setbacks being experienced with Toyota vehicles never seem to end. The giant Japanese automaker has indeed announce on Tuesday it will recall more than 400,000 hybrid cars in the world affected by a defect in the braking system. Among them, 223,068 vehicles sold in Japan, including 199,666 Prius. In the U.S., the figure stands at 133,000 and thousands around the world. This is another blow for the giant Nippon automotive after the 8 million vehicles returned to the garage because of problems of accelerator. The cars are concerned, primarily, the third-generation Prius, manufactured and marketed in Japan since last year.
The worldwide recall also covers tens of thousands of Lexus HS250h and SAI, whose sales will be discontinued in Japan until late February or early March.It also applies to a few tens of Prius PHV, which should be commercialized on a large scale in 2011, but already leased to Toyota by some companies and institutions on a trial basis.
This promises to reverse the more painful for Toyota, it has built its strategy around hybrid vehicles, equipped with a dual fuel engine and electricity, and presented as "environmentally friendly". This announcement follows the statement by the head of Toyota in the United States, Jim Lentz, who admitted Monday that the Japanese manufacturer had been aware of problems pedal acclération in 2007 but the case had not then been identifée, thus denying that his group had hidden recurring problems.A Californian has even filed a lawsuit against Toyota, alleging that it had several problems with its brakes Prius.
Toyota shares gained nearly 4%
During a press conference on Tuesday morning – the second in just three days – the Toyota President Akio Toyoda, reiterated his determination to regain the trust of its customers and ensure that Toyota may "everything in its power" to that payday loans . "Let me convince you that we will redouble our commitment to quality, which is the heart of our society, under my direction," said Aiko Toyoda. The CEO said he would travel to the United States to explain about the reminders.
Aiko Toyoda also confirmed that Toyota will be able to immediately repair the defect on the Prius.However, the remedies are not yet ready for other models recalled, where the interruption of sales agreed in Japan. However, activity has resumed in North America, having been suspended. What Toyota does not deal with several lawsuits in partnership with the United States and Canada, from motorists who accuse it of concealing the existence of the defect of the pedal ' acceleration of their vehicles.
The Prius, whose first version dates from 1997, the hybrid car is the most sold worldwide, with about 1.5 million copies sold in late August 2009.It is central to the strategy of Toyota, whose goal is to sell more than one million hybrids worldwide each year.
At the Tokyo Stock Exchange, the share of Toyota rose about 2.89% to 3375 yen, investors saying it had fallen to a level undervalued.
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Twenty-five phone calls, and the authority of a so-called police commander in the Financial Guard, have nearly costly to Areva. A spokesman for global nuclear leadership confirmed on Wednesday that the figaro.fr of its subsidiaries has been referred by an attempted scam, which has been thwarted, without giving further details. RTL radio said that the event took place last Thursday, January 14.
The usurper who called himself Louis Bouvard, an unknown name to the financial police, said acting on the orders of a magistrate, to dismantle an international network of fraud to the credit card, the radio said.A payment of an amount of 982,000 euros to Hong Kong would have been asked, then realized, before being interrupted in extremis by the security services of Areva.
A judicial inquiry was opened
The Paris prosecutors opened a criminal investigation yesterday, Tuesday, about the attempted fraud, which could have been brought by an international syndicate. He told the inquiry to the Brigade of fraud means payments of the prefecture of Paris.
The case is therefore of no consequence to Areva. But it is a concern more for Anne Lauvergeon, which currently crosses the iron in the media with EDF, to ensure the place of his group in the French team of nuclear.The other question must be arbitrated on Wednesday by Prime Minister Francois Fillon, who planned to gather around him the leaders of the two partner groups, but still competing.
Tensions escalate between EDF and Areva
"Fillon convened Proglio and Lauvergeon
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The upturn in France continues apace. The services PMI rose to 58.7 in December, according to the latest figures published by the Institute Markit / CDAF. Services rose for the fourth consecutive month. The index of purchasing managers for the overall activity, combining the services and industry (figure published earlier this week), also indicates an increase, to 59.2, against 60.2 in November.
The indicator for the services' folds compared to 60.9 in November (a high of 37 months) but nevertheless indicates a high rate of expansion, "notes Mark. Beyond 50, the index indicates an increase in activity. The dynamism of the index is due in December by the record number of new contracts at their highest level in two years.
On the other hand, job losses and slowing the decline in prices paid and charged by companies stalled."Further, in 2010, the upturn recently recorded should be based largely on developments in the labor market," said the statement Jack Kennedy, economist at Markit. "He therefore hoped that the growing confidence of businesses in the economic recovery is reflected, in the new year, with hiring decisions."
The services PMI in Eurozone recorded his part for its strongest growth since November 2007, to 53.6 in December against 53 in November. "However, the recovery did not extend to all countries in the eurozone, where the Spanish services sector remains a concern," said Rob Dobson, senior economist at Markit.
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Sequences "emotion" and "crop" this Friday at the close of the 49th congress of the CGT in Nantes. Bernard Thibault, exhausted by a week of sometimes heated debates and visibly excited to have been renewed for the fourth time at the head of the CGT, first paid tribute to "six comrades" who leave the executive confederal "after rendered such services. " Among them, two leading figures of this decade: Maryse Dumas, his right arm on employment issues, and Jean-Christophe Le Duigou, the "Mr. Economy and Pensions" of the plant.
Bernard Thibault, who had gathered yesterday on behalf of 88.4% of the votes for the election of the Executive Committee, then cropped activists who have criticized his lack of involvement on the ground and its rapprochement with the CFDT. Particularly highlighting the vote by 77.5% of the delegates of the progress report of the past three years."It's a very honorable to score a direction supposedly cut off from its base," he joked, saying in passing that Nicolas Sarkozy would like to receive the same level of approval of French policy that led to the Elysee.
And the secretary general of the CGT then push the nail against those who disrupted the debate sometimes during the week and gave a divided image of the plant. "It can not be the CGT opposition and majority, he hammered the applause of the audience. There is no line of management, because management implements the guidelines validated by the Congress. "And this is not the great majority of the 1 000 delegates of the 49th Congress which contradict the resolutions of the document guidance for the next three years that received between 73 and 86% of the votes.The CGT knows where it goes, he still drummed, while specifying that the central union will not "attractive if it gives the image that his first battle is internal.
"The Internationale" raised fist
Wishing a CGT "closer, more united and effective," Bernard Thibault has drawn the roadmap for the coming months. "Our priority is the transformation of society," he said. Its power plant will therefore go on retreats launched by Nicolas Sarkozy. "The future of pensions will be the marker for the determination of employee resistance", he warned the head of state. The CGT also ensure that employers does not set wages and employment."The increase in salaries is the key to ending the crisis," he said.
The leader of the CGT has finally made an appointment to his "comrades" for two mobilizations to come: a euromanifestation March 24 to get a boost in employment at European level and a national campaign to defend public services in stride. And said, for those who doubt that the CGT would not wait the end of March "for organiserd'autres appointments and inter-national".
The message is clear: the CGT has not changed, it is always with those who struggle.And the Internationale, sung to finish his fist raised by the Secretary General and the thousands of delegates – admittedly preceded La Marseillaise but sung with more gusto – aimed to demonstrate.
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It will not take long to react to France! On Wednesday, Britain announced that its 2009 bonus traders would be taxed at 50% for amounts exceeding 25 000 pounds, which should generate approximately 600 million euros to the state. From Thursday, the Elysee confirmed the intention of France to do likewise.
The purpose of government is very clear: to encourage banks to strengthen their equity rather than pay generous bonuses, while they were supported or bailed out with public money during the crisis.
The principle, an act by the French government, would impose "exceptional" banks on the amount of premiums distributed in 2010 under the year 2009. The rate used by France could be slightly lower than Great Britain, "because France pay more tax," said a government source.The amount at which the establishment will be taxed, it would be the "magnitude" of amounts retained by Great Britain.
Towards a Global Compact?
This Thursday, the banks do not wish to comment on the news. One speaker merely highlight the lack of understanding of the profession in this way then that "French banks are the only way to comply with binding rules of the G20 and they reported 2 billion to the state this year.
The idea running through the heads of the French for several months now: August 25 last, while Nicolas Sarkozy had called all the bankers at the Elysee, he had already discussed "the establishment in all financial centers of sitting fee Bonus distribution.But surprisingly, while France tried to rally his neighbors across the Channel for several weeks at his position on the benefits of more regulation on earnings in finance, she was finally seeing that it was he who throws the water! "There is now no doubt, France will make arrangements," said the entourage of the Minister of Economy Christine Lagarde.
Remains that France, like England – which, beyond the political weight of the measure are well aware of economic realities – hope the approach will be part of "a new international pact, wrote Thursday British Prime Minister Gordon Brown and Nicolas Sarkozy in an article published Thursday in The Wall Street Journal."It is clear that action can only be global," they insist.
That is why Gordon Brown has sent a letter Thursday to the leaders of the European Union, calling to discuss a tax bonus bank. "We must redress the balance of risks, rewards and responsibilities between the company and the financial sector," says he.
German Chancellor Angela Merkel, was eager to find "very charming and teaching" the idea of a tax basis. The topic should be discussed this Thursday evening at the European Council. The idea of Europe is obviously weighing on Americans.They know that all financial markets, including Wall Street, must abide by the same rules if some do not want to appear less competitive and attractive than others.
"Goldman Sachs change its compensation policy at the summit
"The Europeans united to tax bonus
Nothing goes between Paris and London
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BNP Paribas Real Estate Residential foothold in the residential hotels. The subsidiary of BNP Paribas announced this morning, creating a new brand, called Hipark Residences. The concept is innovative. Besides a well-studied design, these serviced apartments high-end, ranging from studios to more 'luxury', also rely on services.
The business traveler or tourist to see and offer a concierge service 24/24, the image of what is already in major hotels, cooking classes or a massage to relax …
The first residential hotel group will open its doors next February in downtown Grenoble. Then follow Nice (end 2010), Marseille (February 2011) and Serris / Val D'Europe (close to Disneyland in 2012). BNP Paribas does not stop there."We hope to open 10 to 15 serviced apartments in France over the next two or three years," confirms Rene Metz, chairman of BNP Paribas Real Estate Residential.
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Lawyers thwart the security arrangements at the Palais Brongniart
Monday, November 23 is the day j. The 17 questioned and their lawyers converge on the Palais Brongniart which will open at 9 am hearing. Frédéric Peltier, one of the lawyers of EADS, parked his scooter Rue Notre Dame des Victoires. It is 8:15. It comes with the guards of the ancient temple of the Exchange side "little entrance". But to see spurned. For lawyers and lawyers is the main entrance Rue Vivienne, he launched the guards. Counsel toured the building and enter through the "grand entrance". He wanders the corridors of the MFA, where he met other colleagues including the Master Deleuze. They eventually enter the courtroom where there are several members of the AMF. What are you doing here? How did you come? surprised them.Unwittingly, some lawyers have foiled security system set up specifically for this extraordinary hearing!
A large room with small tables
The hearing takes place in a room in the Palais Brongniart, which can accommodate a hundred people. Each respondent has a pre-assigned spot with his lawyers. The seats are comfortable but the tables to make the voluminous documents are narrow and impractical. There is also a little too hot in the room. But the MFA has done his best to hold this special meeting of its duration (one week), because of its size and quality of debate. We have never seen such a concentration of lawyers gathered in one place. Each respondent is accompanied by two or three senior lawyers who themselves come with their assistants. A total of nearly 80 lawyers are willing to participate in debates.
The MFA is she competent?
Frédéric Peltier, one of EADS 'lawyers, pleaded incompetence of the French gendarme market (AMF). It relies on a directive (text that must be transposed into national law of each member of the European Union) EU adopted January 20, 2007. It stipulates that companies listed on several European markets can not depend on individual country regulators that their security is the stock market. The directive states that depend on the stock of Constable country where their headquarters office. For EADS, it is the Netherlands since the headquarters is based in Amsterdam. That is why the BaFin, the German equivalent of the AMF French (AMF) has been divested of the investigation into the alleged insider trading unlike its French counterpart. "Is this a new French exception?" Questioned several defenders.
The minutes of hearing of McKinsey on tables.
Thursday, November 19, Noel Forgeard, the main accused in the case lodged itself at home AMF Place de la Bourse in Paris, an envelope containing a letter addressed to Daniel Labetoulle the Chairman of the Disciplinary Commission of the AMF, with a copy of the minutes of hearing consultants McKinsey by the police financial brigade in early 2007. The defense believes that this is an essential part because those experts have conducted a mission at Airbus between December 2005 and June 2006 to resolve industrial problems of the A380. They proposed in mid-March 2006 and considered possible solutions to meet deadlines. Lawyers have found this document on their desk Monday morning, entering the room where the hearing is held at the Palais Brongniart.Noel Forgeard is liable to a fine of several thousand euros for having sent a copy of this document was in the record of legal proceedings.
A Thierry Francq document leaked to the press
On 1 April 2008, the MFA press release informs that it will notify the objections to individuals and companies it suspects. It has taken this decision following the final report prepared by the department investigation. On 8 April, a website publishing the report in its entirety. The criminal investigation has proved that this document was one that had been given to Thierry Francq who was then the government commissioner, state representative, College of MFA. This document was accessible to several people at Bercy where he was stationed. Since Thierry Francq was appointed by Jean-Pierre Jouyet, the new President of MFA since December 2008, Secretary General of the Constable of the Exchange.A few cases commonplace.
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