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Optimism on the air. The International Air Transport Association (IATA), which represents 230 airlines companies accounting for 93% of global air traffic, has revised upward its net earnings forecast for the sector, saying it would return to profit this year , thanks to his efforts to "reduce costs and restructuring, but also to promote economic recovery.

The association now expects the world's airlines recorded a profit of 2.5 billion dollars in 2010, she said during his meeting in Berlin on Monday. In March, it expected a loss of 2.8 billion. With a loss of 9.4 billion, 2009 was the worst year the industry has experienced.

Strong rebound in air traffic

"The global economy out of the depths of the financial crisis much more quickly than expected.The airlines benefit from the strong rebound in traffic and back into the green, "said IATA Director General Giovanni Bisignani. "This is the first profit since 2007," he said. According to the association, air traffic is expected to jump by 7.1% this year.

Consequently, the total revenue the airline expected to reach $ 545 billion in 2010, against a forecast of 522 billion last March. A performance well above 483 billion recorded in 2009, but always below the 564 billion revenue in 2008.

"We thought we would have at least three years to make up for the loss of 81 billion (14.3%) of revenue that we suffered in 2009," said Giovanni Bisignani, saying the airline industry has found "his levels before the crisis "at 75%.

Europe alone in the red

The Director General of IATA has bolted not yet.With a margin of 0.5%, "we are far from sustainable profitability," he warned. Especially as the expected improvement is not concern the industry as a whole. "Europe, with a weak economy, is the only region to be in the red with losses of 2.8 billion, has again warned the general manager.

Giovanni Bisignani, director general of IATA, in Berlin. Photo credits: AFP

Paris does it include more shops soon open on Sundays? The Paris council will debate Monday a potential expansion of trade in the capital Sunday. The mayor of Paris Bertrand Delanoe is however already strongly opposed to such a scheme.

If the proponents of the law on Sunday working wish thereby enable businesses to increase their turnover, Bertrand Delanoe, who has appointed a group of elected officials from all sides Parisian floor several months on the question, do not hear it that way. "There is neither need nor necessity or emergency, or a shared desire for such an extension, in essence considers the mayor of Paris, which the Constitutional Council in August 2009 gave the opportunity to rule, like all other mayors on this issue.

Criminalization of local business

No economic utility, first.If the opening of shops for tourists is indeed likely, as the mayor of Paris, to generate additional profit, opening their destination of Parisians could produce a windfall, which will penalize businesses not open . But seven tourist areas already enjoy an exemption allowing them to open on Sundays. A figure well enough for the mayor of Paris, who feared penalize shops.

"Most major retailers have an interest in the Sunday opening, but on the side of all shops and facilities nearby, it is fear which prevails, says Jacques Bravo, mayor of the 9th arrondissement. "If you open Sunday we will be forced to follow and if we follow, we run the risk of dying," they proclaim in substance.

Working conditions deteriorated

An analysis which added two concerns on the part of the City Hall of Paris: the deteriorating working conditions of employees, mostly women, working in the sector, and of promoting a model of society based on consumption only. Bertrand Delanoë should not give the green light Monday to the extension of Sunday trading.

Even the perimeter comprising Boulevard Haussmann, Galeries Lafayette and Printemps, should not be eligible for an exemption. Even as the opening of these stores, very attractive to tourists would have had conceded the mayor of Paris, economic relevance. This should give way to the chagrin of the Chamber of Commerce and Industry of Paris and the department stores, including the desire to grant to residents of the 9th arrondissement a period of serenity one day a week.

"If the euro fails to go higher than $ 1.24, a new test of the lowest annual is very likely," warned early this morning, the analysts from Saxo Bank. The new incursion in the $ 1.22 actually arrived very quickly and a low annual dollar touched 1.2110 in late morning, while the previous floor was 1.2144 dollars (May 18) .

The symbolic level of $ 1.20 per euro is very close, even if the euro regained some strength on Tuesday afternoon (1.2239 to 16.30 dollars), after publication in the U.S. two good indicators on construction and manufacturing activity, which reinforce the prospects of a good recovery across the Atlantic.

To believe in technical analysis, however, a return of the euro against the dollar is 1.166 "inevitable".The lower this morning placed parity in graphic form delicate figure, called "double bottom" (in the form of a W) that had drawn these days was conducive to a strong rebound momentum. But with this new low index, the scenario is shattered. Below 1.21, the euro / dollar is vulnerable to a return to 1.18 and 1.166, is the course that was in effect at the time of its establishment 31 December 1998 low fee pay day loans.

The banking system under pressure

The euro has suffered Tuesday morning due to problems of sovereign debt that could spread to the banking system.The ECB has in fact warned Monday in its biannual Financial Stability report that banks in the euro area could face a potential second wave of loan losses may amount to 195 billion euros over the next 18 months Because of the financial crisis.

Lagarde: "Exporters do not complain"

French exporters, who complained when they felt too strong euro against the dollar, do not say anything since the European currency has weakened, said Tuesday the Minister of Economy Christine Lagarde in the corridors Assembly.

"Me, they (exporters, Ed) were all behind my door when the euro was at $ 1.45, claiming that the Euro was too strong (…) I have one today. So I think for them it should work. "

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SeaFrance to court to denounce "numerous errors, deviations, differences in the accounts established in late 2009 by the auditor, appointed to audit the accounts of the company." The ferry company suspected fraud, particularly related to sales on board ships between Calais and Dover, for two years.

The prosecutor of Boulogne-sur-Mer, Pas-de-Calais, has opened a criminal investigation for "breach of trust", while the direction of the Company filed a complaint against X in March.

According to the spokesman SeaFrance differences accounts were "significant". According to Le Parisien, they concern "hundreds of thousands of euros".A significant shortfall for a company that has placed the supervision of the Commercial Court of Paris in mid-April to avoid bankruptcy.

This backup procedure had been launched a few days after a strike that lasted throughout the Easter weekend, and who literally "poured" the company: Blocking boats will "cost 1.25 million euros SeaFrance and can cause death of the company and all its jobs, "then had warned management of this 100% subsidiary of SNCF flexcheck cash advance.

Items returned at any cost

According to information from Parisian-Today in France, the auditor was particularly interested in returning items sold in 2008, "whose amount was 610,000 pounds, or 720,000 euros."

"It seems surprising that cigarettes, perfume or whiskey are subject to systematic customer feedback, and especially for these volumes," Le Parisien reported the briefing note written by the expert. Another oddity: there is no inventory of returned products, so it is impossible to know what these products have become.

In addition, differences in body are disturbing: the first four months of 2009, differences between the turnover and amounts in cases concerned 60% of trading volume.

Finally, discovering one of the ships of the fleet has the equivalent of a stock of thirty months of a brand of champagne, it is clear that there is something fishy.

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The shockwave of the complaint Friday Constable American markets spread throughout the weekend. And one can see that the effect does not settle this Monday, while Asian stock markets are being hit hard by the announcement of the SEC's complaint against the U.S. bank Goldman Sachs to fraud, subprime.

Friday night, European markets have all fallen sharply after the announcement until the closing. In Paris the CAC 40 tumbled 1.94%, to finish the session under the 4,000 points to exactly 3 986.63 points.

On Monday, in the early exchanges, the flagship index evolves Paris were down 0.62% at 3961 points, settling in the 4000 points.

To follow Monday

No statistically significant anticipated this Monday in France and Europe. In contrast, the United States, the composite indicator of economic activity in March, released at 16 hours, will be closely watched.Side companies, Halliburton, IBM and Citigroup will publish their results in the first three months of the year. Three large trucks, respectively, in the petroleum, computers and banks, also highly regarded by investors.

This morning, were published sales for the first quarter of the group in communication consulting, Havas, and the automotive supplier Faurecia.

For the first (0.15%, to 3.91 euros), the activity was recorded up 1.4% thanks to a positive economic downturn in North America and Latin America.

The second (4.07%, 16.63 euros) cleared the first three months of the year a turnover of 3.2 billion euros, an increase of almost 60% over first quarter of 2009.Faurecia raised its growth forecast twice yearly.

Soitec publish its activity shifted after-hours trade (turnover in the fourth quarter) online cash advance. The securities were down 0.54%, to 11 euros.

A cloud supervised

The cloud of ash gives a halt to the aviation sector. The first estimate "conservative" established by the International Air Transport Association reported a cost of around 150 million euros per day for the sector.

According to analysts, it is difficult to quantify the losses of the airlines. But the flights accumulated losses – 63,000 this weekend as estiamtions – and the consequences concern.

To follow on Monday sector values, such as Air France-KLM (-6.3%, to 11.65 euros) in France, Lufthansa, Alitalia, British Airways, etc..

In addition, the fund took Qatari Diar 5% stake in leading environmental Veolia Environment (-1.67%, EUR 25), commits and industrial cooperation. With the participation of around 650 million euros, Qatari Diar is the fifth shareholder of Veolia. He will get a seat on the board of directors and will maintain its securities for three years.

Renault (-0.17%, to 34.4 euros) has decided to withdraw from the joint venture created to commercialize the vehicle low cost "Logan", and is considering launching a new range.

Side car, the first quarter was finished in beauty for vehicle sales in Europe. : 11.1% in March."The French are among the big winners" of the market upturn, according to Natixis Securities, while BMW continues its leadership against Daimler.

Credit Agricole (-1.55%, to 13 euros) and his Chinese counterpart Citic will enter into exclusive negotiations to create a global platform, including Cheuvreux and his nugget Asia, CLSA.

Eric Woerth, Minister of Labour in charge of pension reform on Monday received the representatives of unions and employers. Feedback gathered at the exit interviews showed deep antagonisms and augur of delicate negotiations to achieve a reform of the system.

• Daniele Karniewicz (CFE-CGC): President of the National Fund for Pension Insurance (CNAV), also charged with negotiating on behalf of the union executive (CFE-CGC) pleaded for a shield retreat "that would ensure a minimum level, that is to say a percentage of final salary for each activity that affect. "It is imperative that we find a consensus together, not to say on what lever we will play for pensions, but to say what level of pension is to be preserved for all private sector employees," she said on BFM Radio .The CFE-CGC is the only union to push for a postponement of the legal retirement age and wish to conduct a "reflection on the duration of activity."

• J ean-Claude Mailly (FOR): Secretary General of Pensions work force has already warned it was "not negotiable" for the union to reach the legal age of retirement set 60 years or the duration of contribution. "If the government really wants to push (…) the right to leave at age 60, or extend the term (contribution Ed), discussions began, it will be the beginning of the confrontation," he warned on France 2, before being received by the Minister of Labour.There is "no question of having to accept one way or another to have to work longer," even "because life expectancy is increasing," the emphasis has hammered the track of increased contributions and the tax issue for example by deleting "some exemptions which have been made in recent years, like the one on capital gains from subsidiaries, representing" 20 billion (euros) in three years, "he said.

• Laurence Parisot (MEDEF): President of the employers' movement said Monday that it was not "continue to resolve the pension issue by a steady increase in contributions" to employers or employees. She however refused to specify what tracks were preferred by the MEDEF before the Board of Retirement Guidance (NRC) does not publish financial simulations expected Wednesday.

• Fran?ois Ch?r?que (CFDT) national secretary of the CFDT has criticized the agenda provided by the government on pensions, considered "too short" for a thorough reform, and reiterated his commitment to retire at age 60. Play on the traditional parameters of risk "to accentuate the existing inequalities in our pension systems," he said, citing "those who started working young, those with heavy work, inequality between men and women and those in precarious paths.The CFDT had hoped "everything on the table and study the various pension systems division that exists in Europe to see that, or those that are most suited" to the French situation.

• FSU: the first union of the state civil service, said in a statement that it would oppose "to further cuts" on pensions. The union, which will be received by April 22 the Minister said that the pension system should allow to "maintain the standard of living" by guaranteeing a pension from 60 years earlier for jobs considered particularly difficult. "Since 2003, reforms have led to severe deterioration and decline of pensions, particularly penalizing women employees who have experienced unemployment, job insecurity, part-time," insists the FSU.According to the union, the Public Service, "the staff had to delay their retirement for six months on average and have seen them at the same time reduce repo rate by 1.5%.

• Jean-Francois Roubaud (CGPME): President of the General Confederation of Small and Medium Enterprises (CGPME) said that "it will increase the length of working time" to resolve the pension issue in France and has said hostile to any additional taxation. "I proposed to index on life expectancy, there will be 41 in 2012 and I think that setting 42 years in 2020 seems a measure that could be reasonable.""We know we can not remain in the state where we are and we back into the wall if you do not change anything," he said after a meeting with the Minister.

• Jacques Voisin (CFTC): The chairman of the CFTC has expressed concern over the lack of a government proposal on the issue of new funds for pension schemes, following his meeting with Eric Woerth. "There is nothing, nothing on the issue of funding, nothing on the enlargement of the plate," he said. "We feel that the minister is on its two parameters: age and duration of contributions, and no other parameters in perspective," he said reiterating the CFTC's refusal to touch retirement 60.He called for "broadening the base of funding to capital income" and stock-option.

• Jean-Michel Baylet, president of the Radical Left (PRG) Francois Fillon has asked to "quickly check political parties represented in Parliament to associate them to work" on pensions. "They want reform in particular that allow everyone to have, at the age of retirement, a disposable income at least equivalent to the minimum wage." "As necessary, the guaranteed minimum income will be financed by taxes," he says.

• Beno?t Hamon: The spokesperson of the Socialist Party (PS) has denounced the "taboo of funding" of pensions, calling for a tax on financial income. "Today, there is no single way possible.And the only taboo that exists in that area, it is taboo (…) funding the government refuses broader base of employer contributions, "regretted Mr. Hamon on Europe 1. "If you extend the contribution period and it is very difficult to obtain adequate employment period for a full pension, the immediate consequence is the decline of pensions," he says.

This Thursday, September judges hear a variety of defense lawyers about a hundred "class action" (action for common name) filed against the Japanese carmaker Toyota, following the recall of 9 million vehicles.

If the judges decide to consolidate the class actions – based on grounds of complaints (brake pedal …) – into one, for examination by a court, Toyota and the plaintiffs will be invited to agree amicably.Otherwise, the dispute will be settled after a trial.

Certainly it would not be in the interest of Japanese rush into a long and very heavy in terms of image, because the press loves the American business class actions, especially when they involve a large listed group.

Between 3 and 5 billion dollars in financial compensation

Asked by the newspaper Les Echos on Wednesday, Jim Carter, lawyer and author of a complaint in partnership filed against Toyota, "the amount of damages can be assessed using a technique called" mass appraisal "based on factors known (such as vehicle age, mileage, etc.) to estimate the loss in value of their cars of all persons who filed a class action no fax cash advances !!!???!!!?? ?!!!.

He said Toyota may be required to pay financial compensation which "could reach between 3 to 5 billion dollars," he said, while acknowledging not knowing the maximum amount taxed at the manufacturer to date.

Forward, back to better

A month ago, was held hearings in Congress. On this occasion, the operations manager, Jim Lentz, apologized to his group, and acknowledged that it has "too much time to consider a rare but serious safety problems. Technical faults which he attributes in part to "a miscommunication within the company, with regulators and with consumers."

To this the CEO of manufacturer Akio Toyoda, admitted that "the pace at which we (the band, Ed) we developed was too fast.Our priorities are confused and our basic principle of listening to consumers to make better products it is found compromised.

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2009, a restructuring exercise. 2010 a transition year, according Poweo.

The leading independent supplier of electricity and gas French recalls in its press release of its annual results, the 2009 accounts have been sealed by "business conditions particularly unfavorable" and "the delay by government in implementation of a reform of the electricity market.

In the twelve months of the financial year, the group led by Loic CAPERAN has indeed widened its net losses over four and a half times, to 93.5 million. Turnover, already known since February 18 last, had emerged above the expectations of analysts, to 565 million euros (-2.2%). The negative operating result increased sharply to -85.3 million euros.In February, the CEO said it expected an operating loss of more than 75 million euros.

"In 2009, the difference between our average procurement cost of 42 euros per megawatt hour, and our average selling price of 47 euros, do not allow us to cover our marketing costs and costs of our customer management, had he said. Result: Poweo not develop its full portfolio of projects ranging between 3 and 4 billion euros in the medium term, including 1 billion for renewable energy.

For 2010, the company expects an operating loss divided by three. The future is preparing already: Poweo considering a plan 2011-2015 with a target operating profit in 2011 and net income in 2012, focusing its attention on "combined cycle natural gas, wind and solar. "

In exchange, investors punish.Titles Poweo dropped in the first exchanges of 1.2%, to 12.35 euros in a market decline of 0.27% at 3947 points.

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Investors held their breath. They now seem reassured. In Paris the CAC 40 rose 0.48% to end the session at 3957.89 points. Now the Paris Bourse was again in the green since the beginning of the year (0.55%) and the symbolic threshold of 4000 points is nearby. Optimism was also placed on other major European markets. In London, the Footsie was awarded 0.43% while in Frankfurt the Dax rose 0.89%.

The U.S. central bank has delivered Tuesday its traditional balancing act. While the game is indeed to justify keeping interest rates near zero to support the nascent recovery without paints an overly bleak economy.Not surprisingly the Fed has confirmed that economic conditions required to maintain its key policy rates at a "very low" for a "prolonged period".

Stabilizing labor market

The Fed, however, held that "the pace of economic recovery was slightly accelerated" cash advance america . But the greatest novelty of the final communiqu? comes from the analysis of the labor market. The monetary policy committee has in effect said levy signs of "stabilization of the labor market" in the United States. Stabilization, then recovery of the labor market in the United States is very good news for markets. It would allow a rebound in U.S. consumption, the main engine of global growth.Wall Street, which had welcomed the verdict of the Fed on the economy and the status quo on rates by up Tuesday continued its advance Wednesday.

Signs of renewed investor confidence, the sectors most sensitive to economic conditions, particularly pulled well out of the game values related to raw materials and construction led the increase on most major exchanges. In Paris, Lafarge (+3.06%) finished top of the ACC 40, followed closely by the steel giant Arcelor Mittal (+2.43%) and Saint Gobain (+2.35%)

Stabilize the turnover of The Post in 2010, despite declining mail. That is the goal of President Jean-Paul Bailly, who surrendered Thursday at conservative projections. 2010 is a key year for the group, became a company limited by shares on 1 March in anticipation of a capital increase of 2.7 billion euros, funded by the State and the Caisse des Depots.

The past year has finally been better than expected. Jean-Paul Bailly talks about a "beautiful resistance group in a rather difficult year." The Post has achieved 395 million euros of savings and leaving only three have been replaced. The financial structure remained "almost stable", even if it is "extremely fragile", with net debt of 5.5 billion euros to 4.1 billion euros of equity.The State has hit 105 million euros in dividends, and postal workers have been entitled to 221 euro bonus incentive.

For 2010, "the situation remains fragile," says Jean-Paul Bailly. The situation of the post, which represents 53.8% of sales group, will not improve. Last year, the volume decline (- 5.3%) has accelerated, and 2010 will be the same vein. "We continue to believe that the decline is structural, perhaps with the exception of a small part that is direct marketing," warned the president of La Poste unsecured personal loans .He offset this decline with the development of La Banque Postale and recovery of the parcel and express services.

Mailbox Secure

To learn more, it was not until the next board meeting in mid-April, and the presentation of what management calls its "financial trajectory. It is the strategic plan of The Post in 2015. It will support the recovery of the group before the arrival of the Deposit capital. One thing is certain: The Post must find new sources of growth. She is preparing to launch an offer for mobile phone (our editions of Wednesday), in partnership with a telecommunications operator to limit investment.Jean-Paul Bailly has announced yesterday the launch of Digiposte a secure mailbox on the Internet, where the goal is to eventually receive all their mail management (invoice, bank statement, pay slip …). In late March, The Post Bank will also launch in the consumer credit. "2010 will be a very important year in terms of innovation," promises Jean-Paul Bailly, in all trades.