So at the highest level of the state that it extinguishes the fire started in the summer by the Ministry of Economy and Finance in search of tax revenue. They would have liked to go back VAT on Pay Television from 5.5% to 19.5%. The sector enjoyed a far reduced rate by virtue of his substantial contribution towards the financing of entertainment and art.This 15% increase in VAT could bring almost 1 billion euros in state budget 450 million from one group Canal +, the first financier of French films and several tens of millions – we are talking about approximately 80 million euros – Numericable.

All last week, operators and the creation of the world have mobilized to protest measures that would have destabilized the entire system, far beyond the cinema alone. Indeed, retailers were planning to scale down the pay channels to the already fragile economy. Finally they also threatened to raise subscription prices, what influence the purchasing power of French pay-TV subscribers. Thus, on average, cable subscribers have seen their membership increase by 4 euros while subscribers to Canal + would have faced an increase of 6 euros.

Residential Property and Casualty

Most dogs can be insured under the "liability" with the contract signed comprehensive home for the accommodation of their owners. It is nevertheless necessary to learn about the extent of the guarantee.Some insurers do not cover all the damages and provide for the retention of a franchise.

In addition, this type of insurance that takes into account the damage caused by dogs to others (people being run down, bites, car damaged when it struck …) If the damage takes place at the home of the owner, only insurance including a comprehensive coverage will pay for furniture. Furthermore, companies may make the acceptance of the contract to different criteria. The age of the dog is particularly taken into account. If the animal has never been satisfactorily and has over ten years, the coverage may be denied.But other features can also complicate the underwriting of insurance, such as whether the dog is used as part of an occupation, size or race.

The category of dog

Many news items in recent years have indeed tightened regulations. Three pieces of legislation have established a classification of animals known as "dangerous." Several breeds have been grouped into two categories: the dog considered "attacking" (Tier 1) those of "custody or defense '(category 2). However, the law requires owners to purchase liability insurance for such animals. If the contract owner's insurance does not cover these risks, most companies offer the added option by paying an additional fee.If this is not the case, the owner will change insurers and take out insurance with another company that offers this option because it can not be purchased independently of a housing contract.

Finally, we must know that all these contracts do not cover the costs of care for injuries suffered by the animal. This will require specific health insurance, whose coverage is also more or less extended from reimbursement of veterinary consultations, to support operations or vaccine in France only 2% of the animals have health insurance, against 80% in Sweden.

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Excluding currency and acquisitions, growth in turnover is 5.9%, "in line with its annual target," the company said in a statement.

Sales of optical equipment and lenses, more than 92% of group turnover, rose by 10.7% as reported. North America, Essilor which makes 43.5% of its activity, grew by 8.1% as reported.The rise of Europe, which represents 39.6% of sales, rose slightly less (6.4%). Latin America, however, mark a sharp increase of 47.1% to 88.6 million euros, barely 5% of sales.

Net income for Essilor is down slightly from 1.3% to 197.5 million euros. The group is penalized by the provision of 41.5 million euros to pay the fine imposed by the German competition authority (Bundeskartellamt) for formation of cartels.Adjusted for this provision, net income reached 238.8 million euros, an increase of 19.3%.

Essilor confirms its annual targets

"In the second half of 2010, in a context of renewed activity still fragile, Essilor will pursue the strict implementation of its strategy of growth based on new products, geographical expansion, acquisitions and organic conquer the environment range, "the group said.

This announcement had already acquired majority stakes in two U.S. since the end of the first semester in the laboratory and in the Gulf States Pasch. Essilor has also sold its stake in early August Sperian Protection which represented 15% of capital.This sale will record a gain of 27 million euros in its accounts in the second half.

The manufacturer of ophthalmic lenses confirms target for 2010 sales up 5% to 7%, excluding currency and strategic acquisitions, and margin contribution stable excluding acquisitions and strategic change IFRS. In the first half of 2010, the margin of Essilor has eroded slightly over the same period in 2009, yielding 0.1 percentage points to 18%.

At the Paris Bourse, the title Essilor yields 2.74% to 46.88 euros at 10:00. It displays the largest drop and the CAC 40, itself in decline 0.62%.

In Japan, the Nikkei gained 0.20% to 9,604 points in mid-session after starting on a decline of 0.50%. The Topix is 0.23% at 863 points. The benchmark index of the Tokyo Stock Exchange has taken the time to digest the defeat on Sunday, the Democratic Party of Japan (DPJ), in power, the Senate elections. The failure of the movement of the Prime Minister Naoto Kan weakens the leader of the center-left and opens a new phase of political uncertainty for the archipelago. Investors fear at this stage a deadlock in parliament could hinder the policy of reducing public debt, estimated at 200% of gross GDP.After their defeat, the DPJ and its ally, a small nationalist party, retain only 110 seats, the majority being fixed at 122 seats. The coalition remains however a majority in the Chamber of Deputies but must negotiate alliances with opposition parties on an ad hoc basis to enforce its laws.

Yen flexes

Despite caution, this defeat has not overwhelmed the markets. "The results of this election are obviously not positive, but at this stage they are probably neutral rating, investors had already considered the possibility that the ruling party does not obtain a majority, explained before the opening Yutaka Miura, analyst at Mizuho Securities.

The news has at least led to a weakening of the yen has benefited from the index. "The Prime Minister Kan will have difficulty in passing laws.It is therefore logical that few foreign investors buy yen, "said Hideaki Inoue, head of foreign exchange market to the bank Mitsubishi UFJ.

In terms of macroeconomic indicators, the Bank of Japan reported on Monday a slight increase,% yoy in June wholesale prices on the domestic market. It is the second consecutive increase in this index, which had previously declined for nearly a year and a half without interruption.

The region in the green

In the wake of Tokyo, the other places in the region rise slowly. In China, Shanghai and Hong Kong respectively gaining 0.81% to 2490 points, and 0.67% at 20,516 points. The National Bureau of Statistics (NBS) announced this morning that housing prices had continued to increase but at a moderate pace in June, further evidence of the impact of government measures to prevent runaway industry.Prices listed in 70 cities rose 11.4% last month, against 12.4% in May

In Korea, the Kosdaq is 0.52%, while the S & P climbed 0.31% Australian and Indian Sensex appears up 0.89%.

Oil gains ground

Crude prices were moving upward Monday in electronic trading in Asia brought by a rebound in financial markets.

In morning trading, a barrel of light sweet crude for August delivery took six cents to 76.15 dollars a barrel, while Brent North Sea with identical maturity, gained 3 cents to 75.45 dollars .

The Japanese offered as a place of choice in a market where e-commerce still has the wind in its sails. Online sales have jumped 30% in France in the first quarter of 2010 compared to the same period of 2009, according to figures from the Federation of e-commerce and distance selling (Fevad).

"This acquisition is a significant step towards achieving our goal of creating a global platform on which consumers can shop, whatever their country of origin," said the Japanese group said in a statement.

International ambitions

If Rakuten has big, PriceMinister take this announcement to reaffirm its own ambitions. "While PriceMinister happened since March on the top step of the podium in terms of audience e-commerce in France, we sought to further influence our development," explains Pierre Kosciusko-Morizet, cofounder and CEO of the group, in a statement released Thursday.

The French site, which boasted 11 million members and an offer of nearly 150 million products in March 2010, specifies that the transaction was carried out by the group's European subsidiary, Rakuten Europe. The founders of PriceMinister (Pierre Kosciusko-Morizet, Pierre Krings, Justin Ziegler and Olivier Mathiot) "have a commitment for a minimum of five years to support the development of the brand in France and Europe. A period during which the staff of the group should remain in place.

"Rakuten has experience and expertise unmatched in the field of Internet commerce," says Pierre Kosciusko-Morizet. "By combining our respective strengths, PriceMinister will be able to accelerate its growth in France and Europe." If it is already present in Spain and England, and has successfully diversified its business expanding into areas of real estate , email marketing and online travel, the French group is a featherweight against its Japanese rival.

PriceMinister sold well

Rakuten has nearly 64 million members to date and posted sales worth 3.2 billion dollars (2.5 billion euros) in 2009, the group said. In its statement, the Japanese lifted the veil on the financial results of PriceMinister, a secret that the French site had always managed to keep.

Thus, according to Rakuten, PriceMinister recorded a turnover of 39.9 million euros in 2009 against 38.1 million in 2008 (including sales of the subsidiary car-Mixad 321Auto sold in March 2009). The site has also experienced a slight net loss of 105,000 euros last year. In 2008, this loss had reached 9.4 billion euros. Sold for 200 million euros, five times its revenue, PriceMinister has at least made a good deal.

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The announcement comes as setbacks. "Moody's has not sufficiently changed its ratings on European countries, the sudden it went off the crisis," Norbert J. Gaillard, a consultant to the World Bank and specialized rating agencies. The degradation of the note in Greece four notches therefore reads as an attempt to "catch up past blindness," said the economist.

A blindness that also concerns Spain, according to some analysts. And the investors live badly."What is it to follow a triple A rating agency that a country undergoing a difference in rates reflecting the risk very high?" Critic Jean-Francois Robin, strategist at Natixis, referring to Spain . The latter receives the same notes that France and Germany, so it pays interest rates much higher.

Sign of disapproval or casual coincidence? Pierre Cailleteau, the head of the sovereign rating from Moody's, that is to say, fixing States Notes, recently left the company. The agency would not comment on his departure.

Stoicism

Greece, or Spain, are textbook examples and betray policy at Moody's. The agency notes in effect "through the economic cycle", without giving too much importance to the market turmoil. This stoicism was removed Moody's market reality, but had a beneficial effect.The agency has helped calm the markets by keeping his notes. His rivals, degrading the height of the crisis, have instead fueled the panic.

Now, even out of season, the degradation of the note in Greece by Moody's has led to protests. The European Commissioner for Economic and Financial Affairs, Olli Rehn, said that Moody's decision on Greece on Tuesday "comes at a rather surprising and unfortunate, following the agreement on a program of macroeconomic adjustment between Greece, the Commission, the ECB and the IMF. "

This is a boon for EADS, which occurs in the euro area and therefore pays the majority of its costs in euros, but which generates most of its sales in dollars. If Hans Peter Ring said that the rate of the euro would have no impact on short term profit for the group, he still said he would have a positive effect on turnover. "It seems that this will be different about our income because we have more volatility.Therefore, our revenues could be better than what was previously expected. "

No significant impact in the first quarter

In the first quarter, the impact of the fall of the euro on the results of the group was not significant but if the euro maintains its current course, the first signs should appear in 2012, and the effect could be strengthened 2013. "We must be patient," says the CFO. In an interview with German weekly Welt Am Sonntag, Chairman of the Board of Directors of EADS, said Bodo Ubber parity ideal for Airbus would be $ 1.20 per euro.

As expected, the group should increase the proportion of sales paid in dollars."I think we would be shortsighted if we changed this strategy," said Hans Peter Ring.

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The brown bean has been the stars of the markets in London and New Yorker last week. The tonne of cocoa for July delivery climbed to 2,350 pounds in London, its highest level since January 21 last. In New York, a ton for the same maturity has reached 3211 dollars, its best performance since February 1. Friday, prices were flirting with the same levels at 2336 pounds a ton on the Liffe, and 3186 dollars on the NYBOT.

The rebound by a recovery in global consumption of chocolate. The volume of cocoa stocks rose 16.17% in North America. Another factor in the rise: speculative buying. They returned in force in this market, driven by the potential of emerging countries including China.

In contrast, coffee prices fell, hit by rising dollar.The dollar rose Thursday to 1.3202 dollars per euro, its strongest level since April 2008, amid concerns Greek. On Liffe in London, the Robusta for July delivery was trading at around 1,325 dollars per tonne on Friday against 1385 dollars for the same term contract last Friday. On the NYBOT New York, he posted 131.60 cents 132.10 cents a pound against the pound last week.

From their side, wheat, corn and soybeans show a slightly more moderate increase than last week. Wheat finished 491.50 dollars on Friday in Chicago (2.24% on the week). A bushel of corn finished at $ 3.54 while that of soybeans ended 9.96 dollars on Friday in Chicago.

The plates still on top

As for precious metals, platinum rose to 1,754 dollars per ounce, a price he had not seen since July 2008.For its part, palladium reached 572 dollars per ounce, the highest since March 2008. Friday in London, an ounce of platinum finished 1725 against $ 1708 per ounce last Friday. The ounce of palladium finished at 555 dollars against 532 dollars a week earlier.

Gold however has continued to weaken. The courses have been affected by the case Goldman Sachs, like many other financial assets No fax pay day loan. On Monday, after the announcement of a prosecution for fraud by the SEC, gold has plunged to 1,124 dollars per ounce. The rising dollar has not helped to support markets.On the London Bullion Market, an ounce of gold ended at 1139.50 against 1151.50 dollars Friday dollars last Friday.

The ounce of silver followed gold ended down at 17.89 dollars Thursday.

Base metals: copper runs out of steam

Star of the market in recent weeks, copper has seen more difficult days this time by returning to below $ 8,000 per tonne, down over 2% in 5 days. The markets saw a dim view of the rising dollar.

Aluminum, which had hit its highest level since late September 2008 to 2494 dollars per ton during the Friday meeting, a cash drop of 6.5% over the week. According to analysts, the offer would be so abundant that China should become a net exporter of aluminum this year.

Nickel, which reached are higher in two years last Friday (27 595 dollars per ton) is decreased again.It was worth 26,930 dollars per tonne on Friday.

Oil boosted by good U.S. data

Oil ended sharply higher on Friday above 85 dollars a barrel. The contract on June U.S. light crude ended on an increase of 1.7%, to 85.12 dollars a barrel. For his part, Brent North Sea took 1.84% to 87.25 dollars.

"The very good statistics of new home sales was favorable to the crude," said Robert yawg, Vice President MF Global.Sales of new homes rebounded strongly in March to 26.9%, the fastest pace since April 1963, at 411,000 units annually against 324,000 in February, ending four straight months of declines.

Prices were also supported by rising demand in China and Greece's decision to engage the support mechanism of the European Union and the IMF.

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"I brought a check to pay my dues Medef late, said Sophie Menthon on BFM. They told me that before I can file my application, a preliminary investigation was necessary, and that the MEDEF could not decide on my application before JuneI will not lead employers in a legal battle. "

She believes however that the Board of Medef could meet quickly to endorse its regulation, and allow it to occur. It therefore deplored the reluctance of the employers' organization to focus on his record, leaving the way open for Laurence Parisot.

"It's a huge strategic mistake, says Sophie Menthon. Fear has won. There was no reason not to campaign. There's more dirty linen to wash the MEDEF. "She promises to give its program and its positions by means other than a campaign.

Thibault Lanxade "will not go"

Lanxade Thibault, head of the SME Aqoba, who had called for a "primary challengers last fall, has also withdrawn from the race for President of the MEDEF.

"I will not," he said on BFM Monday.Its share was "convinced" by Laurence Parisot as the debate that he dearly wanted to be actually carried out in case of re-election of outgoing President, and he should remain internal to the MEDEF. A rally that he claims to have made "without any pressure," believing that "the unit of employers is more than ever necessary" because of the crisis.

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Telephone services of these companies are often saturated, websites are a good alternative, or the site of Aeroports de Paris to see which offers flights already canceled.

In general, European companies are obliged by offering passengers the choice between a refund within 7 days and a deferral of travel within 30 days after the originally scheduled departure date.However, they do not have to pay additional compensation because the delays and cancellations are related to unpredictable weather. It also means that companies are not obliged to cover costs incurred by this hazard (taxis, hotels, etc..).

Air France

The company ensures that passengers whose flights had been canceled may defer their travel or to redeem the tickets. However, Air France has added any details as to the details of the loan, but should do so in the day.

For more information:

Schedules, delays, cancellations

Phone: 3654 (0.34 euro per minute) or by sending SMS flight number 6 3654 (example: AF2062).

Lufthansa

In case of delay or cancellation, the German company committed to providing a place for the next available flight.It also offers ticket refund passengers who choose to cancel their travel and offers a change of booking without charge to people who want to postpone to a later date, stating that this change could be done "within existing terms of the note, "without elaborating.

For more information:

Schedules, delays, cancellations

Reservations and information: 0 892 231 690 (0.34 euro per minute)

Alitalia

No information on ticket refunds.

Schedules, delays, cancellations

Reservation Center: 0 820 315 315 (0.12 euro per minute)

BA

A change of date or destination is possible (or nearest town in the same country).The new trip must be held within three months after the date of the trip.

For more information:

Schedules, delays, cancellations

Change their booking online

Reservations and information: 0 825 825 400 (EUR 0.15 per minute)

Customer relations: or 0825 892 892 01 42 94 73 21

Iberia

The company will accept the changes of tickets purchased before April 15 and travel planned until April 17 departing or arriving in Paris, London, Dublin, Brussels, Amsterdam, Copenhagen, Dusseldorf, Frankfurt, Berlin and Moscow. Customers can choose a new date or another destination without having to pay penalties. These changes may be made until April 29, and new tickets issued will be valid until June 30The series aircraft IB7000 made by British Airways between London and Madrid will obey the same conditions.

For more information:

Schedules, delays, cancellations

Information: 0 825 800 965

Easyjet.com

You can take another flight or refund the amount in line after having verified its cancellation. EasyJet guarantees a refund within 30 days (follow the directions on the site). The flight changes may themselves be selected at any time within 30 days of cancellation.

For more information:

Schedules, delays, cancellations

Phone: 0 826 10 33 20 (0,15 euro per minute)

Ryanair

Nothing special on the website of Ryanair on this particular disturbance. General information on flight cancellations are available here.

For more information:

Schedules, delays, cancellations

Telephone: 0892 780 210 (0,34 Euro per minute)

Other companies

All numbers of airlines are available in the directory of Airports of Paris.

For their part, tour operators are not legally required to reimburse the expenses incurred for travel packages. "It's a case of force majeure which exempts professional liability indemnification, compensation or provide benefits to its burden," said Jean-Marc Roze, the secretary general of the National Union of Travel Agencies ( SNAV). The case of force majeure must meet three specific criteria: "to be unpredictable – the situation is unpredictable as ever happened before, and irresistible – we can not prevent the event from occurring, and insurmountable – the situation once arrived, they can not go against it.

However, tour operators, however, arguing Friday studying the best way to help their customers.

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