Sundial of world news

At the close, the Nikkei 225 index of blue chips lost 143.61 points to 9925.92 points, passing below the 10,000 points that he had passed last week for the first time in two months. The broader Topix index of all titles of the first table dropped 12.97 points (1.49%) to 857.19 points. The activity was quite low, with 1.83 billion shares traded on the market first.

"We must be on alert about debt problems in Europe, even more than before," said Yutaka Yoshii, fund manager at Mito Securities, quoted by Dow Jones Newswires.

European stock markets fell Monday, weighed down by the mistrust of the market vis-à-vis Italian and Spanish bonds have reached record levels, respectively more than 5% and 6%.After eight and a half hour crisis meeting in Brussels, the finance ministers of the euro area published in the late afternoon a statement intended to reassure markets about the soundness of financial support measures to the most indebted countries.

But the euro has remained on the defensive Tuesday in Asia, quoting 1.3961 dollars Tuesday shortly before 8 o'clock, against 1.4029 dollars on Monday in 23 hours. He also declined vis-à-vis the yen at 111.90 yen against 112.61 yen.

This weakness of the single European currency is bad news for Japanese groups engaged in Europe, because it reduces the value of their income from the Old World when converted into yen. The shares of Japanese exporters groups have therefore lost ground.

This time, the Fininvest will have to pay. The court sentenced him on Saturday appealed the group owned by Silvio Berlusconi to pay 560 million euros in the CIR group, owned by Carlo de Benedetti. The judges of the Court of Appeal of Milan have found that control of the publisher Mondadori, obtained in 1991 by Fininvest, to the detriment of the EIF through a favorable court decision, was made possible by the corruption of judge and lawyers involved. In 2007, the Criminal Justice had issued a similar notice, including the judge sentenced Vottorio Metta was stationed in nearly three years in prison.

On appeal, the Milan judges, however, reduced the magnitude of the financial penalty, determined in the first instance to 750 million euros.Unlike 2007, the decision will also be immediately enforceable: Fininvest will address 560 million euros in damages without waiting for the trial to the Supreme Court that the group should seek. "Our lawyers are already beginning to study the complaint," has indeed responded Marina Berlusconi, the eldest daughter of the Head of Government and president of Fininvest. This assesses the amount of the penalty "to double the participation of Fininvest in Mondadori."

Electoral setback and legal troubles

The Cavaliere had nevertheless worked hard to save the payment of such penalty to the group. Approaching the verdict, he did not hesitate to try to vote by Parliament an amendment to the Civil Code suspending sanctions in excess of 20 million euros on appeal, until the final decision of the court of Cassation.A measure to be adopted in the Bill ratifying the austerity plan. Faced with the outcry in the opinion of this measure, the Cavaliere has this week backed down.

This decision is more bad news for the chairman, who combines political defeats in recent months and legal troubles. Also implicated in the "Rubygate" Silvio Berlusconi suffered a severe mid-June electoral setback. The Italians have indeed overwhelmingly (over 94%) rejected four bills proposed by his government and put to a referendum: one devoted to the construction of new nuclear power stations, one on the privatization of water management by municipalities, and two providing legal immunity of ministers and the chairman of the board. Silvio Berlusconi, who announced Friday he would not stand in 2013, probably did not finish with the law.

This year, 12 million tax returns were made via the Internet, according to Bercy. Now a taxpayer in three (there are 36 million homes tax in France) chose the Web to meet in the spring of this task which then allows the tax authorities to calculate the income tax (IR) to pay.

Set up in 2002, the Electronic Filing is getting stronger year after year: 7.4 million followers in 2008, 10.5 million in 2010. This is due, among other things, the simplification of the system. In 2009, the State has decided not to ask for electronic certificate, which allows their returns from any computer. The IR, which is paid 53% of the 36 million tax households, reported 47 billion euros to the state in 2010.

Investors have a sharp tongue this morning at the Paris Bourse to the Sodexo. The title of specialist catering opened sharply lower on Tuesday (-0.93% to 53.45 euros), thus one of the largest declines in the SBF 120. Figures released this morning before market had, however, is appealing. In the first nine months of its fiscal year 2010-2011 (ending August 31), the turnover number two worldwide in its sector has in fact increased by 7.7% to 12.408 billion euros. On a comparable basis, sales advanced 5.2% between September 2010 and May 2011.

Confirm what the goal of organic growth of 4.5% of its annual turnover from 2010 to 2011 (target statement in April) and operating profit up "order" 10% off effects.

In a statement released this morning, management also details the performance by division.On the side of its core business, sales service solutions on site (catering services, 95% of the activity), billings were up 5.1% organically, driven by the strong performance of the restoration and services to businesses and governments. "This reflects the dynamism of emerging countries Sodexo," also details the statement said.

Latin America driving growth

As for solutions motivations (gift vouchers, tickets restaurants), there is also a dynamic steady, with sales up 6.2% organically, to 532 million euros. Again, the emerging regions have driven growth, including Latin America, where activity jumped 13.7% of the activity against a withdrawal of 0.9% in Europe.For example, Sodexo won a new contract with the Venezuelan Senate tickets for restaurants, covering 11,150 beneficiaries.

The reaction of the markets this morning is not worrying, investors took some profits after a rise of 13% of the title for four months. More than 18 times earnings estimates for the current fiscal year, the title is rather highly valued, which may also explain the correction on Wednesday.

ALSO READ:

"Sodexo has an appetite for Lenôtre

"Sodexo challenged by an elected U.S.

Brussels off again to war against the invoices received shock after summer vacation by Europeans who used their laptops in a neighboring country with a new legislative proposal expected this week.

The Commission often evokes the German and French tourists who go to Spain, to use their phone to call or download a movie, as they would at home, and are then claiming hundreds or even thousands of dollars by their operator.

Commissioner for telecoms, Neelie Kroes, on the other hand aims to have a genuine single market for telephony in Europe by 2015 with a near zero difference between the price of mobile home and those roaming abroad ("roaming").

Neelie Kroes will present a legislative proposal Wednesday to allow Europeans to buy separate packages for their specific communications abroad, with the operator of their choice without having to change the number. The proposal, which will be submitted to MEPs and EU governments, would take place from the summer of 2014.

Three out of four are rationing their calls abroad

The EU currently imposes maximum prices, called "Eurotariff". Introduced in summer 2007, initially only for voice calls, they were reduced steadily and expanded to other mobile services like SMS.Brussels will propose to extend the Eurotariff, which were removed in 2012 but will remain until end 2016, and continue to drive down.

From a maximum of 35 cents per minute excluding VAT today, roaming voice calls could fall to 32 cents in July 2012, 28 cents in July 2013 and 24 cents in July 2014. For receiving a call, the Euro-tariff increase from 11 cents a minute today to 10 cents in July 2013. And the price of SMS would decrease by 11 cents today to 10 cents in July 2012.

Brussels wants to finally introduce a new price limit on data downloaded when the user surfs the Internet, check e-mails on a BlackBerry or iPhone … Retail prices are still about 50 times higher abroad that domestically, in Brussels.Such prices are "a nightmare for businessmen, tourists, young people," who "do not dare to use their mobile phones, let alone multi-function" when traveling in Europe, denounced Neelie Kroes.

A European survey published in mid-February has proved him right: 72% of European travelers surveyed said limit their roaming calls because of their cost.

ALSO READ:

"Prices moving: low competition

"Arcep: France meets in Brussels

The Secretary General of the UMP, Hervé Novelli, wants to remove the 35 hours if Nicolas Sarkozy wins in 2012. And, as requested by the MEDEF. Hervé Novelli unveils project in an interview Saturday in Paris, in France today. "This is to define the new rules and the areas in which the social partners will now hand as the length of working time. Just like Germany where the legal working time is negotiated and determined on a company or branches, "says Novelli."We know that from one sector to another, the needs are not the same, so it's logical that he return to the social partners to address this problem." Argues there yet.

"Three years to negotiate working hours"

Speaking at a convention on social reconstruction that will host Tuesday with Jean-Francois Cope, secretary general of the UMP, he will present his script. "Companies will have three years from 2012 to negotiate working hours, he says. While some employers will remain at 35 hours, they can. Those who play the game will be held to compensate their relief over the next three years. " He also said that the tax exemption of overtime will be abolished after 2014.

The UMP also wishes to address the financing of social protection."The solution would be to transfer part of its funding on indirect taxation of consumption type VAT or CSG. Only the family branch would be transferred, in whole, or 32 billion euros, or in part, "he explains. He added: "If we transferred the whole, this would be 4 points plus VAT. But I recognize that this growth would break. We therefore advocate a gradual transfer of 12 billion euros in three years, in the end an increase of 1.5% VAT or 1.1 point of CSG, "says Novelli.

ALSO READ:

"The UMP postpone indefinitely the debate on 35 hours

"The UMP fires its offensive anti-35 hours

Here are the planned changes on 1 July 2011.

• Retirement

The law on pension reform, enacted November 10, 2010 after a long parliamentary battle will come into effect on Friday. The legal age will gradually increase from 60 to 62, with four more months per year. The first people affected are those born after 1 July 1951.The age of the full rate – that is to say that from which an employee receives a full pension even though he has not contributed enough quarter (165 quarters forward) – is raised gradually from 65 to 67 between 2016 to 2023.

By persons possessing a degree of permanent disability of at least 20% and, after notice of a multidisciplinary committee, those possessing a degree of permanent disability between 10 and 20% are still able to go to 60 years.

• SMIC

The minimum wage was last adjusted on 1 January will not be automatically upgraded in July. The rise in prices which reached 2% since last revaluation of the minimum wage – could lead to an increase in August the minimum wage indexed to inflation.Prime Minister François Fillon has also been clarified that no additional boost would be granted.

• Unemployment benefits

Unemployment benefits will be revalued by 1.5% from 1 July, decided Thursday Unédic or at a rate lower price developments and the minimum wage increase of 1.6% occurred at the beginning of years. "The debate was very long to the Board of UNEDIC" consisting of representatives of employers and employee organizations, which manage all unemployment insurance, said the president of UNEDIC, Gaby Bonnand at a press conference.

• Transport

– SNCF: the prices of train tickets will increase by an average of 2.5%. This increase will, as every year, uneven tickets. It will range from 10 cents to 2.70 euros by destination.The price discount cards remains unchanged.

– RATP Navigo Pass packages will increase by 2.7%, except for Zone 5. Zone 6 is removed and merged with the 5, which will mechanically decrease by 11% the price paid by its users, reduced from 123.60 to 109.90 euros for a monthly fee. In detail: the monthly zone 1 and 2 increased from 60.40 euros to 62 euros (+2.6%). That of zones 1 to 3 passes to 80.30 euros (+2.7%), and that of zones 1 to 4 to 98.10 euros (+2.7%). The single ticket remains unchanged at 1.70 euro.

The bus fare increases to 1.90 euro (+5.5%), while the book of 10 tickets will increase to 12.5 euros (+4.2%).

• Energy

– Electricity: Household bill increases of 2.9%.The industries and large companies take 4.4 to 4.9% according to the rate at which they are submitted.

– Gas: gas rates for individuals do not change, but those businesses increased by 3.2%.

• E

La Poste has announced that the price of postage for mailings of letters under 20 grams would rise by two cents, from 0.58 to 0.60 cents.

• Mobile Phone

The price of mobile communications passed from another European country down. It will now cost 42 cents per minute against 47 before. Subscribers operators in metropolitan departments and overseas subscribers Dom operators in mainland France also benefit from lower rates.

• Environment

A thousand everyday products will be subject to an experimental display decided at the Grenelle Environment Forum.Packaging will be accompanied by a statement indicating their carbon footprint and their impact on biodiversity, water, etc..

• Bank

A summary of bank charges (basket of services, payment systems, operational occurrences, agios) will now be on the monthly bank statements, which also display the ceiling of the overdraft.

• Pets

The electronic chip designed to identify the pet becomes mandatory for all animals that will travel outside French territory.

(With agencies)

ALSO READ: "The mad story of the pension reform

"Travel sncf.com widening the gap with the teller station

»Post launches two-tier e