Sundial of world news

After three failed meetings, the representatives of EADS and the seven countries customers transport plane A400M military find themselves again next February 4th, in principle in Berlin.

They will try to find a compromise on sharing the additional costs – 5.2 billion – of the program whose final score jumped more than 50% to around 30 billion euros. EADS has rejected the proposal of the States to take over 2 billion instant payday loans .

This meeting will be held the same day as the Franco-German summit held in Paris. Optimists are betting on an agreement in principle to that Chancellor Angela Merkel and Nicolas Sarkozy announce all the rescue program.Otherwise, they should show their political support and call for a quick solution.

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According to a source familiar with the matter, the operator SFR, a subsidiary deVivendi, is poised to become the exclusive distributor in France of Google smartphone, Nexus One, launched Tuesday in the United States. For the record, SFR had already obtained the exclusive G1 or HTC Dream, the first mobile phone using Android, the operating system from Google.

According to press reports, the U.S. giant has decided to choose one operator per country to relay its new jewel, now distributed directly by Google on its online store.

The Nexus One is now sold for 529 dollars without contract and $ 179 with a contract T-Mobile in the United States.In Europe, the smartphone should be offered to around 370 euros without contract and at least 200 euros in the case of a package of 24 less.

According to the weekly Le Point, Vodafone could sell the "Superphone" Google before the end of the first quarter at a price below 200 euros for a unit purchased with a monthly package available to less than 50 euros, and engaging for two years.

Google has already signed a partnership with Britain's Vodaphone for the marketing of the "Google phone" in Europe, and with Verizon in the U.S.. Confirmation of the exclusivity of SFR in France for distribution could be made "in the coming days," says the source close to the matter.

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Proponents maintain flirtation with the mystery on its exact size, but with over 800 meters high, the Burj Dubai will have no trouble to climb to the summit since it exceeds by at least 300 meters above the current building in the world, Taipei 101 Taiwan (508 meters). The question is whether this will be the last great Pharaonic site long before the emirate in the Middle East crisis.

The story goes that the emir of Dubai, Sheikh Mohammed al-Maktoum, had returned to its initial project promoters with poor 90 floors. "We thought little of beating the record held by the Taipei 101 tower. But the client asked us each to go higher, but we set limits, "says architect Bill Baker, the firm Skidmore, Owings and Merrill of Chicago, developer of the skyscraper.

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The Committee approved the December 8 and 9 "advisory for a package of proposals to strengthen regulation of capital and liquidity with the objective of strengthening the banking sector," he said in a statement.

These measures will "respond to the lessons of the crisis in the regulation, supervision and risk management of banks," said the committee.

The proposals for capital and liquidity will strengthen the banks and create a financial banking system and healthier, "said the chairman, Nout Wellink, who is also president of the Dutch Central Bank.

It is, however, that a "consultation document" and not a final text, recalled Wednesday a spokesman of the Bank for International Settlements (BIS) in Basel, including hosting meetings.

The 27 "wise men" had already announced in early July an increase of Basel II, introduced in 2004 and requiring banks with a capital ratio weighted overall risk incurred by financial institutions.

Avoiding a new "Lehman Brothers"

To avoid the disastrous consequences of a new financial crisis including the collapse of financial institutions of systemic importance, as the bankruptcy of U.S. bank Lehman Brothers in September 2008, the Basel Committee grilled for several months on a building rules governing the banking sector.

In his new proposals, the committee wants to strengthen the quality and transparency of the core capital Tier 1 (core capital of a bank), allowing institutions to better absorb potential losses.

He also wants to improve the level of capital to protect facilities including activities on derivatives and repos (repos).

Debt ratio

Banks should also establish a ratio of debt to contain their debt, financial buffers to cope with difficult situations and a minimum level of liquidity.

The impact of these measures on the sector should be analyzed in the first half of 2010 with the aim to introduce by the end of 2012.

The committee, founded in 1974 and composed of the governors of 27 central banks worldwide, "will ensure that the implementation of new standards is consistent with the financial market stability and sustainable economic growth," assured Nout Wellink.

Central bankers also want to introduce a period of tolerance and accompanying measures "for a period sufficiently long to allow a smooth transition to new standards.

The number one European military shipbuilding organized to address the decline of its activities with the Navy. The group wants to go for growth internationally and into new businesses such as civilian nuclear energy and marine renewable. In an interview with Le Figaro, said Patrick Boissier issues of its strategic plan to 10 years.

Le Figaro .- Eleven months after taking the helm of DCNS, how do you establish diagnosis of the situation now?

Patrick Boissier

The shock wave propagated at the speed of lightning Thursday in the Gulf as the rest of the world. The near collapse of the emirate of Dubai, obliged to ask its creditors for a moratorium of six months for two of its major companies, Dubai World and Nakheel, unable to repay the 59 billion they have borrowed, shook all financial markets.

Asian stock markets continued their decline Friday. Tokyo has fallen by more than 3.0% in closing, while Hong Kong fell by 3.45% in mid-session. Shanghai posted a decline of 1.05% in mid-session. Seoul ended a slump of 4.69%."The last thing you would see is a domino effect, alarmed investment bank EFG-Hermes, which fears the deferred payment of debts of other firms, notably in emerging countries.

Not surprisingly, the rating agencies Moody's and Standard & Poor's has downgraded six of the largest groups of Dubai, including DP World, a subsidiary of Dubai World, the company's water and electricity, and the giant of the Real Estate Emaar Properties. "Although Nakheel is not rated by Moody's, this is an important precedent for a leading company facing difficulties to pay its debts and relying on government for support, accuses the agency.

Snowball effect

The risk of a snowball effect is real.Dubai, which has more particularly on its neighbor Abu Dhabi to come to his aid, can undermine the confidence of investors in the Gulf. Investors including many Westerners are. Among the creditors of Dubai World, one finds the British banks Barclays, Lloyds, Royal Bank of Scotland, but BNP Paribas and Credit Suisse. According to the latter, the exposure of European banks, however, does not exceed 13 billion euros.

In 2008, the emirate has attracted to itself for 21 billion dollars of foreign investment. Today, these investors may be concerned not only the financial health of Dubai, but also the countries of the Federation of UAE and the entire region.

For its part, Dubai, symbol of easy money, won, lack of oil, the real estate and finance, has a huge portfolio of foreign assets.It is the largest foreign investor in Tunisia and has launched many projects in the Maghreb, although some of them have been frozen because of the crisis.

He is a shareholder in several large companies in Asia, including Sony, the United States and Russia, where he acquired a leading electricians. It also has holdings in Europe, particularly in EADS. If decided, as feared, some investors to sell off its pay its debts, the consequences could be catastrophic for the financial market confidence. And they are equally if Abu Dhabi was to withdraw from Daimler, which owns 9% to help. Closed Thursday, Wall Street will give his ruling on Friday.

"The emirate of Dubai on the brink of bankruptcy

Lehman Brothers estimates have been robbed. Lawyers for the holding company representing the defunct U.S. bank filed a complaint against the British bank Barclays in order to recover billions of dollars wrongly attributed to it at the sale in secret activities of brokerage Lehman in September 2008. In a complaint filed with the U.S. Bankruptcy Court in Manhattan (New York), Lehman believes that the sale was "secretly arranged at the outset to provide a benefit that Barclays was not expected" and that the bankruptcy judge has not been informed at the time.

Lehman Barclays accuses of having been awarded some $ 7 billion of assets in excess of the transaction, plus 5 billion once the sale is concluded.

In its complaint, the U.S. bank, which had declared bankruptcy in September 15, 2008 following the subprime crisis and the refusal of the U.S. state to help, now wants to make as Barclays Lehman "all profits obtained improperly, and damages. Among its charges, including Lehman puts into question the role of several of its leaders at the time who took part in the transaction before joining Barclays Capital.

The government is preparing to take action against doctors displaying excess fees excessive. According to the Tribune, which learned of a draft decree, the Ministry of Health plans to strengthen sanctions. This decree law enforcement Hospital, patients, health plans and territories that doctors may repeat the overrun will lose their right to practice these overruns for a maximum of five years, by decision of the directors of health insurance . They will also no longer benefit from the participation of health insurance to finance their social security contributions.

The decree said that physicians in fee-free areas 2 (*) when developing their passing rates must respect the concept of "tact and moderation."This principle takes into account the patient's financial situation, the reputation of the specialist, the complexity and duration of medical procedure, the service rendered to the insured, and the average amount and the proportion of exceedances What colleagues introduced the physician in the same territory. Failure to respect this concept of "tact and moderation," the penalty will rise to between 100 doctors and 200% of excess charged.

The decree issued by the end of the year

If they are convinced of discrimination in access to care, the penalty is twice the maximum monthly Social Security or 5718 euros.For doctors who have not sent their patients written information prerequisite to the cost and terms of repayment of certain acts, it will cost a maximum of 100% of the excess charged for the act not informed.

A source at the Ministry of Health confirmed that a decree was being prepared. He could be released by the end of the year, but its content should still be subject to consultation. The framework for higher fees is the subject for several years of painstaking negotiations between health insurance, supplemental health and unions of physicians.

Unions and health insurance have scheduled a meeting Thursday to reach agreement before the deadline.MPs set them under the law Bachelot, adopted earlier this summer, a deadline of October 15, after which the government could decide only coaching overruns.

(*) The excess fees authorized for physicians called in "Area 2" means amounts above the rates for Social Security, which are based on reimbursements for patients.

"Overtaking fee: regional inequalities surprising

Around 9:05, the CAC 40 rose 0.33% to 3812 points. The remarks of President of the Federal Reserve Bank of St. Louis supports the market. James Bullard said on Sunday that the U.S. economy has resumed growth. He said the gross domestic product (GDP) could be between 2.5% and 3% in 2010, with possible further significant growth in the first half.

Values follow

The Russian manufacturer Avtovaz and Renault-Nissan alliance could make all the cars on the same assembly line in 2012, said boss Avtovaz, Igor Komarov.

According to the newspaper Liberation, a part of nuclear waste produced by nuclear plants of EDF is not recycled but stored in Russia. "13% of French radioactive waste produced by EDF are found outdoors in Siberia in a city forbidden to access," the paper said.The investigation by the newspaper should be broadcast Tuesday on Arte.

Carrefour sees no real signs of improving global economic conditions.

EDF would have received authorization of the Nuclear Regulatory Commission (NRC) to purchase 49.99% of the nuclear activities of Constellation Energy Group. This operation will enable it to strengthen the U.S. market. Local authorities in Maryland (USA) have not yet given their opinion.

Airbus, a subsidiary of EADS, is confident about the possibility of its A400M fly by the end of the year. This program already suffered a delay of four years.