"Project Q" is the first program launched by the UAE aviation, and more generally by an Arab country. For many exhibitors Western the 2011 Dubai Airshow marks the transition to a "new era" in the region.After the bursting of the housing bubble in Dubai and the flurry of Arab spring, everything changed guaranteed payday loans. "There is a return to a certain wisdom in the investment and the need to prepare the post-oil by industrializing the country," developing a good knowledge of the Middle East. In the region, Abu Dhabi plays a locomotive. The capital of the UAE Goes technologies and among them, aerospace. The plane remains a powerful symbol and a tool for sovereignty.

For now, the country's aviation ambition focuses on helicopters and subcontracting. "Their goal is to become supplier of the forefront of major aircraft manufacturers, not a competitor," says one expert. To this end, Mubadala, the sovereign wealth fund in the UAE, has signed a worldwide partnership agreement with EADS in 2008 in the wake of an order for Etihad Airways, Abu Dhabi Company for 55 Airbus.

In the wake of European stock exchanges, investors should play the card of caution before knowing the details of the implementation of the anti-crisis plan of the euro area. At 12 hours, the index futures on the Dow Jones retreated slightly from 0.4% to 12,123 points. At the same time, those on the Nasdaq and S & P 500 declined by 0.43% to 2383.50 points and 0 no credit check payday loans.4%, to 1277.50 points.

Keep 12,000 points

Clearly, the objective of the session will be to keep the 12,000 points, recovered yesterday thanks to the announcement of a stronger than expected U.S. growth in the third quarter. "On the month, Dow Jones, which had not changed over the 12,000 points since August 1, now displays the best month ever (no higher than 12% has never been seen in 115 years ), "said elsewhere Chrsitian Parisot at Aurel BGC. The euphoria of yesterday should calm down, to allow time for U.S. investors to catch their breath.

They should also keep a close eye on the latest developments in the management of the debt crisis in Europe, with details expected in the coming days on the plan adopted in the night from Wednesday to Thursday.

Paris City Hall has decided to restore order in the holiday rental. Relying on Article L. 631-7 of the Code of Construction and Housing, which requires owners to seek permission when destined for a furnished apartment for rent tourist short (weekend or week), the municipality has just sent many donors a letter urging them to regularize their situation. The recalcitrant likely a daily penalty of 1000 euros per square meter and a heavy fine. These coercive measures refer only to those donors multi-owner or renting through a real estate company (SCI). Specifically, it is still possible to rent in Paris, especially informally, his principal residence a few weeks a year where we do not occupy, or to offer a furnished apartment in months or years.While for the moment, only the mayor of Paris seems to enforce Article L. 631-7, the latter is, in theory, applicable in all municipalities of Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne, and in all cities of over 200,000 inhabitants . As for the apartments in the rest of France, they can still be done freely.

1. What are the advantages of furnished?

Rent furnished can request at district and area equivalent, a higher rent than unfurnished apartment, in the range of 5 to 10% in Paris, and from 15 to 20% in the provinces. Over short periods, for weekly rentals or monthly, the differential is even greater.Then, the furnished is legally more flexible to implement, even if the law of 2005 imposes Borloo a lease for a minimum period where the property is the residence of the tenant, and restricted the ability to give notice need a personal loan with bad credit. You can still freely set the amount of the deposit, earn a guaranteed unpaid rent and security deposit of one third, or ask for advance payment of rent. Last trump, rents from a furnished rental is taxed to the regime of industrial and commercial profits (BIC). This allows, among others, to depreciate the property and furniture on rental income of the same nature or, under certain conditions, the overall income.

2. All markets they lend themselves to rent furnished?

No, furnished only targets certain categories of tenants, including students, tourists and executives on a mission.Nonexistent in rural areas and suburbs of large cities, this market is very dynamic, however, in the inner cities and regional cities in all the boroughs of Paris. There is also a real demand in the inner suburbs of Paris, close to the common defense.

3. What precautions to take before launching?

The accommodation must be adequately furnished and include linens and table, lighting, tableware and household appliances. All to be in excellent condition to meet the expectations of a demanding clientele. Better to opt for quality equipment that could stand the test of many tenants. In addition, prior to the furnished, make sure your building regulations do not prohibit it.Finally, if you plan to embark on large-scale tourist rental, be sure to ask an administrative authorization.

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Preserving the territorial balance

To reassure the railway, with which the president was to speak in closed session during part of the trip, he exclaimed: "We will invest as ever," welcoming the four sites are launched simultaneously. "Never has our country had known that, and we must continue," he added. In fact, only three sites are actually involved: the Rhine-Rhone, including two of the three branches are not built, the LGV Bretagne-Pays de Loire, whose completion is scheduled for late 2016, and finally the LGV Sud Atlantic Europe, the Tours-Bordeaux section to be completed in 2017 cash till payday advance. However, the circumvention of Nimes and Montpellier has not started.

The president warned of possible critical investment phagocytosed by TGV train.The development of the "must not be at the expense of trains regional balance," he asked. Fear belied by the extent of work planned by 2015 to renovate the existing rail network: 13 billion euros will be spent. As for the trains to balance the territory, created last December to keep a forty unprofitable lines (Coral, Intercity, and Téoz Lunéa), they are partially funded by the activity TGV. Mere announcement of the day, creating a fund to modernize the railway, along the lines of that which was created in 2009 with the ISP to support the automotive industry including OEMs."We're going to work – government, companies and networks – for that French industry continues to gain market share." He added that to remain competitive with competitors from Germany, Spain and even China, the French industry had to restructure. "The state can not ignore the future of networks that fail if they do not have a powerful help of the state to innovate."

"Payments from the Structural and Cohesion Funds should be suspended in the countries of the euro area that do not comply with the recommendations of the excessive deficit procedure", suggests the president of the French Republic and the German Chancellor in a letter Communication to the European Council President Herman Van Rompuy.

All states of the European Union benefit from the funds created in the 1990s.The three main funds (European Regional Development Fund, European Social Fund and Cohesion Fund) are paid to countries that request it. Any region whose gross domestic product is less than 75% of the EU average receives these subsidies with the aim to help them develop.

Thus, 49 billion are paid each year as part of regional policy for 2007-2013 fast cash loans. In total, 347 billion euros, or 35.7% of the total budget of the European Union, which are allocated to regional aid policy.

20.4 billion for Greece, 21.5 billion for Portugal

To critics of these funds, the aid is ineffective: among the first beneficiaries are precisely the most indebted countries in the euro area.For 2007-2013, Portugal and must receive 21.5 billion euros from structural funds and cohesion, Greece 20.4 billion, Italy and Ireland 28.8 billion 901 million.

By transforming this aid as an instrument of pressure to encourage States to more fiscal discipline, the EU could further depress the areas most in need. But the idea is gaining ground as European leaders explore all the ways out of the euro zone debt crisis.

The idea is not new, and Germany is also one of the strongest promoters. The proposal in that the Franco-German duo at the end of the meeting Tuesday she will succeed in finding support among other member countries? The Dutch Prime Minister Mark Rutte has also expressed Tuesday in favor of these sanctions.

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Not surprisingly, it has maintained its key interest rates between 0% and 0.25%. However, she said that this policy would be extended "until mid-2013," sign it receives considerable stress on growth. In fact, she says, "the risks to the economy rose" and growing "considerably slower than expected."

Other measures

"The Fed is playing a tough game with the words, it must show it is taking the situation seriously, without making too much not that the markets are worried about a return to recession," said Philippe Bruneau, Director central bank Neuflize OBC. For the latter, "the only good news for the current crisis is the drop in oil prices, which dropped below the 80 dollars a barrel after reaching $ 115 in the spring. A decrease of $ 10 is equivalent to 0.3 percentage point of growth in addition to the United States. " It is not certain that the message of this evening of the Federal Reserve reassured. Especially since three members of the Monetary Committee voted against the decision to keep rates from 0 to 0.25% until 2013.Evidence that the division now also prevails in the central bank.

Taking note of the slowdown in action, the Fed said "consider further steps to promote stronger economic growth." But without saying more. "Ben Bernanke was forced to send a message to investors and told them that he will continue to support the price of U.S. government bonds, weakened by the S & P's decision," said Antoine Brunet, director of AB Markets.But by not precise commitments, Ben Bernanke shows how the scope is narrow to implement this new policy unconventional.

China, the first lender in the United States which it holds more than 1.3 trillion dollars in debt, is fiercely opposed to these measures, particularly in quantitative easing, which is for the Fed to directly purchase U.S. Treasury debt. "To walk the printing press allows the U.S. to go into debt on the backs of low-cost external creditors," a summary of the economists of HSBC. Moreover, "it keeps the dollar at low levels and put pressure on emerging currencies, including the yuan." The Chinese authorities find themselves faced with an alternative: let their currencies appreciate or prevent this movement, which requires in turn create the currency.Action inconsistent with their goal to fight against inflation (see cons below). "In one way or the other, China is losing, 'the experts of HSBC. The previous quantitative easing campaign was very unpopular in China. A new one could cause actual casus belli. With the key threat by Beijing to stop buying U.S. Treasuries.

Sign, however, difficult to finalize a common position, the meeting of finance officials of the euro zone has been extended from Wednesday night to Thursday morning. In turn, the summit will begin with an hour late, at noon instead of 11 hours.

"No great advances"

The postponement will allow a little more time to French President Nicolas Sarkozy and German Chancellor Angela Merkel to resolve disputes between the two countries: they meet on Wednesday afternoon in Berlin.The two countries have different objectives. Angela Merkel has applied to shower expectations. There will be "no great progress," she said Tuesday. Before insuring, Wednesday midday, the German government will show good will. And she was "very confident" of finding a common position with France to achieve "good results" on Thursday.

Recognizing that markets will forgive a bad meeting for nothing, Paris wants instead a "durable solution" is found, insisted Wednesday the government spokesman Valerie Pécresse, after the Council of Ministers. It "passes through the Franco-German couple" she added, pointing out that the main resistance to the alternative of issuing bonds were European, according to the French Government, "a German resistance."

If Paris and Berlin hold the key to an agreement between European leaders, they always seem to oppose it on ways to involve banks in terms of aid to Greece. If the amount of effort required to banks of 30 billion euros, a consensus, the methodology to be divided. Paris wants, as the European Central Bank, avoid at all costs that Greece is found in default. Germany intends to take less care. She suggested including the development does not place a tax credit, which the industry sees an evil eye.

"Agreement on the fundamentals"

The French Minister of Economy, Baroin, wanted reassurance."There is a broad convergence of views, there is an agreement on the fundamentals, there is a desire to make more sustainable debt Greek and there is still some discussion on the part of private, but it's more a discussion of degrees and not a discussion of values, "he said.

While the Franco-German leaders will finalize their position, the Greek Prime Minister George Papandreou will be in Brussels to meet at 17 hours, the president of the European Commission Jose Manuel Barroso. The aim of the summit is crucial on Thursday, insisted on Wednesday the spokesman of the Greek government: "We have tomorrow (Thursday) a peak in determining the future of the country and Europe, Prime Minister (George Papandreou ) engages in a battle to ensure that Greece will stand on two feet. "

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Madrinlène the crowd, arriving in six processions of all the districts of Madrid, gathered near the parliament in the center, opposite a row of blue and barriers to a dozen police vans blocking the road.

"Against unemployment. Organize yourself and fight. Let us march together against unemployment and capital, "proclaimed one of the great signs that punctuated the procession in Madrid. "We are not commodities in the hands of politicians and bankers," said another banner in red letters.Under the slogans, demonstrators of all ages, families with strollers, young, unemployed and retired, came to testify of the same tired response to the crisis that is strangling the Spanish company.

Unemployment and corruption

Protesters targeted the Stability Pact in the euro area and its imperatives of fiscal discipline, politicians accused of corruption and not the voice of citizens, unemployment hitting 21 easy to get unsecured personal loans.29% of the workforce in Spain, almost half the age of 25.

"We must prepare for a general strike. We will paralyze this country, "said a speaker at the microphone."Banks and governments that have caused this situation should be aware that we do not agree with the measures and budget cuts, we intend to be heard, and that we will," assured the flat platform calling for demonstrations across Spain.

Broad popular support

Tuesday, June 13, the "outrage" had dismantled their camp from the Puerta del Sol in Madrid, a symbol of this wave of protest. Enjoying broad popular support, they now want to consolidate their movement through the neighborhood assemblies and other occasional events.

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Thus, the euro is on the verge of crossing the bar down $ 1.40. On Monday, the euro fell briefly below before rebounding. The currency suffered threats from rating agencies like Standard & Poor's that put a negative outlook on the rating of Italy, or that Fitch downgraded three notches note of the long-term debt of Greece, and monitor indicated that of Belgium. In addition, in Spain, the protests continued and the elections that went wrong for the Socialist Party in place, have fueled concerns about contagion cases Greek, Irish and Portuguese."As long as the debt crisis concerns only these three countries in the euro area, which weigh about 6% to 7% of its GDP, it is relatively manageable, felt Bruno Cavalier, chief economist at Oddo Securities. If it extends to Italy and Spain, it will be any more ".

Earlier this month, the euro had risen to nearly $ 1.50. Thus in twenty days, the currency has depreciated it by 6%. What, finally, is a pretty good news for European exporters in general and French in particular. These companies are suffering because of the level of the euro currency deemed "too strong", including Nicolas Sarkozy, faced with foreign currency (dollar, yuan, etc..) Pushed down by the local monetary authorities.

The euro, however, could see its downtrend settle or even reversed as speculation about a future rate hikes by the ECB resurface.However, a tightening in June seems excluded, as was suggested by President Jean-Claude Trichet recently.

• The Swiss franc receives record against the euro

Decline of the euro requires the Swiss franc appreciates mechanically. The Swiss currency rose to 1.2323 Swiss francs per euro on Wednesday morning, a record. Earlier this month, the exchange rate was worth around 1.30 (when the rate euro / Swiss franc drops, the Swiss franc rises), an appreciation of 5.7%. A year ago, it was more than 1.41 (+13% yoy) and three years ago, the euro was trading at 1.65 Swiss francs (+25%).

"The Swiss franc remains the strong currency on the market for foreign exchange, to the despair of many companies and sectors" Swiss exporters, estimated in a note to analysts at Pictet.For the latter, the franc could rise "soon" the bar of 1.20 francs per euro in a volatile economic environment. "The strength of the franc could weigh on economic recovery," said the State Secretariat for Economic Affairs (Seco) said in a statement.

• Belarus devalued its ruble by 36%

Another milestone this week, Belarus, facing a major financial crisis, decided to devalue the ruble by 36% to align the various courses in force in the country, according to a statement from the Central Bank on Monday. From May 24, the official exchange rate is fixed to 4930 Belarusian rubles to the dollar and 6914.82 rubles per euro, down from 3,155 Belarusian rubles a dollar before and cons of 4 516.38 rubles per euro.The dollar has appreciated by 56% as compared to the Belarusian ruble.

Belarus, a country in Eastern Europe led by Alexander Lukashenko in power for nearly 17 years, is sealed by an abysmal trade deficit, and sees its foreign currency reserves will reduce to a trickle.

• The yen is benefiting from a trade deficit less worse than expected

The Japanese currency has recovered slightly against the dollar after the announcement that the Japanese trade deficit was less than expected. Japan posted a trade deficit of 12.5% ​​yoy in April – the highest in 31 years – because of the consequences of the earthquake and giant tidal waves on 11 March. The deficit reached 463.7 billion yen ($ 5.6 billion) in April, against a surplus of 729.2 billion yen a year earlier. But it is much lower than the expectations of the markets. They anticipated 700 billion yen.

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The company was declared insolvent after the decision of the Swedish partner to stop investing. Sixth Swedish National Pension Fund, holder of 99% of capital funds associated with the Atlas (1%), became owner of the mark a bit by chance. This financial and specializes in shipbuilding and electronic chips, held a minority stake in the English group Marchpole, which bought Castelbajac in 2004. Yet it went bankrupt in 2009 and was then solved Swedish head of the French fashion label founded in 1978.

His creator, Jean-Charles de Castelbajac, had placed the rights of its brands in the company in 2000.When sold, it had been paid in shares Marchpole. After the bankruptcy, he has lost both its capital and name. After investing more than 10 million euros in two years in the redeployment of the company, Sixth Swedish National Pension Fund has chosen to stop the charges earlier this year.

"Low cost luxury"

In 2009, Castelbajac has suffered an operating deficit of $ 2.4 million on a turnover of 4 million, although sales of shops had yielded a net benefit. The debt owed to the shareholder would be some 4 million euros. The production of future collections can no longer be funded. Ironically, the brand through these financial difficulties, so she knows a new youth.

"The reality is brutal but I say it's providence to return to my company, yesterday gave Jean-Charles de Castelbajac at Figaro.At 62, the artistic director of the brand consultant has more energy than ever and ideas to sell to raise. He talks with several investors, industrialists and financiers, French and Asian, to mount a round table to which it is associated, which would allow him to reclaim his name.

It builds on both the prestigious image of a line of ready-to-wear line and second line JCDC available, sold especially on the Internet, which has exploded in recent years young. Worn by Lady Gaga Katy Perry, the brand new creative breath. "It's low cost luxury," says the designer, who is not afraid of trading. My ambition would be to aim the target of Zara. "The production of these products available would be developed in partnership with manufacturers under license.