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Toyota announced Tuesday it would support the repair of 650,000 Prius hybrid cars worldwide because of a defect in the cooling system that could cause overheating.

The Japanese automaker said he had heard of no accidents or injuries related to the failure of the cooling system, stressing that it was mainly to avoid the subject.

The majority of vehicles were sold in the United States, where Toyota will contact owners in early December and will cover the cost of repairs.

The campaign comes after repair of a series of recalls of emergency have undermined the group's image.Since November 2009, the first automaker has recalled nearly 14 million vehicles worldwide, including 11 million U.S..

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The French Presidency has categorically denied Sunday that France is threatened by the crisis in the euro area.

France is not "in the same category as Ireland or Portugal," said the Elysee, which reacted to such a headline on the front page of the Journal du Dimanche.

"The markets have not sanctioned in France during the period just ended.Interest rates, unlike what happened with Ireland, Portugal and Greece, have not jumped ", it was argued the same source.

"Since the beginning of the crisis in the euro area, the French interest rate even more likely, in absolute value, rather than climb down," they added.

Le Journal du Dimanche barred the "a" in its edition this weekend with a title saying: "France is threatened."

He estimated that four dangers lurking France: public debt, social spending, the "rise of revolts" in the opinion and differences with Germany.

"This kind of title does not correspond to reality," does one reply to the Elysee.

The overall macroeconomic situation of France "is better than England, even if it is less stable than that of Germany," adds the same source.

The entourage of President Nicolas Sarkozy argues that the difficulties of Spain, Ireland, Portugal or Greece are not only related to their fiscal position but also the state of their balance of payments.

These countries have a competitiveness problem and the household savings rate low, Ireland and Spain have lived on housing bubbles and all depend so heavily funding the rest of the world, argues the Elysee.

"France is not in the same situation," adds the same source. "She certainly has a deficit balance of payments but not dramatic.Instead, she gained competitiveness relative to countries of the South, even if she lost against Germany and Austria. She has a savings rate of households extraordinarily high at 17%. "

France is also one of the fastest growing demographics in Europe, which reduces the threat of an aging population, also argues the Elysee.

The weakness of France is the extent of public expenditure but the government is working to correct it, adds Nicolas Sarkozy's entourage.

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An agreement on financial support from the European Union and the International Monetary Fund for Ireland to be announced Sunday, after a conference of finance ministers from the euro zone, said Friday several sources close to negotiations .

For its part, the German finance minister told the Bundestag that he expected a decision "before the beginning of next week."

"We are confident that a reasonable result is reached to limit the disturbing effects that the application (for help) Irish products," said Wolfgang Schäuble.

According to these sources, this assistance will consist of an overall budget of 85 billion euros, including 35 for the remediation of the financial sector and 50 in the Irish government, whose deficits and debt have exploded under the impact of support to major banks.

The contribution of individual donors of this plan – European Financial Stability Fund (FESF), European Financial Stability Mechanism (MESF) and IMF – has not yet been arrested.The decision should be left to finance ministers.

"The IMF should be part of something around 20 billion euros," added the source who added that the allocation for each bank was not accurately determined and would be paid over time.

A source close to the talks, the envelope of 35 billion euros could be used to recapitalize the Irish banks while the 50 billion euros would be used by the Irish state to secure claims of current national financial institution.

The spokesperson of European Commissioner for Economic and Monetary Affairs, Olli Rehn, has refused to confirm these reports and indicated that discussions were continuing.

"Discussions are ongoing and are not finalized, they continue. When these discussions will lead, the Eurogroup should be convened to decide (…) but we will not rush an agreement," he told a briefing.

CORPORATE TAX

A mission of the European Commission, the European Central Bank and the International Monetary Fund was sent to Ireland ten days ago to negotiate the terms of a support plan.

The Irish government on Wednesday presented an ambitious program of fiscal austerity to save 15 billion over four years to enable it to restate its finances.(Show)

This program, over four years, provides thousands of job cuts in the public, a gradual increase in VAT and save on welfare, but leaves intact the favorable corporate taxation, with a rate of corporation tax of 12.5% including France and Germany want a raise.

According to these sources, the bloc does not necessarily seek to impose an immediate increase in the rate to Dublin and could wait several months to bring this issue back on the table.

"In the short term, there is a flight risk business and tax revenues show narrowing. This would be a disservice to Ireland or Europe," said this source."But in the medium term, the question must be asked whether such a growth model is sustainable."

Moreover, these sources said that Portugal was not under pressure to turn solicit financial support and, if the fear of contagion to other countries is real fragile, Lisbon is able to avoid a bailout by implementing structural reforms and consolidation measures.

Portugal, on Friday denied a Financial Times Deutschland that the majority of countries in the Eurozone and the ECB urged him to seek international assistance.

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The South Korean Hana Financial has completed the purchase of a 51% stake in Korea Exchange Bank (KEB) for $ 4.1 billion (3.1 billion euros).

This operation is the largest ever conducted in the Korean banking sector.Australia and New Zealand Banking Group (ANZ) also coveted the Korea Exchange Bank, but gave up outbid.

Hana should now become the third institution, by assets, a saturated Korean banking sector.

It is rather a defeat for ANZ, which was caught at the last minute by the offer made last week by Hana and hoped to develop its activities in Asia.

The title Hana closed down 1.8%, while ANZ ended up 0.9%.

Hana KEB will repurchase the securities at a price of 14,250 won (9.30 euros), representing a premium of 15.5% over the closing price on Wednesday. After this operation, Hana will have assets amounting to 316,000 billion won (206 billion euros).

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The economic crisis relatively unscathed employment in France in 2008 and 2009 but, in return, will resume a slow and moderate effect on staffing levels, concludes a study by the Center for Strategic Analysis (CSA) released Tuesday .

This body attached to the Prime Minister believes it should wait until 2015 to regain the peak employment before the outbreak of the crisis.And this improvement should focus initially on temporary employment and temporary work.

The study identifies four major trends likely to "irrigate" the medium-term employment in France and to identify potential pools of job creation: the "servicization" and the "greening" of the economy, services to the person and the "cognitive jobs" (research and development, design, engineering, architecture, marketing and advertising).

The ACS estimates between 450,000 and 550,000 jobs lost in the market sectors since the crisis began.

"This figure, although considerable, remains far below that were predicting the various institutes and observatories conditions in mid-2009," says he, referring to orders of magnitude close to or greater than one million jobs destroyed.

The unemployment rate in France reached a peak of 9.6% in the fourth quarter of 2009 according to INSEE statistics, against 7.2% in the second quarter 2008 before the outbreak of the global financial crisis.He returned to 9.3% in the second quarter of this year.

Firms, say the authors of the study of CAS, were mainly used mechanisms "detention" of their labor, as partial unemployment, reducing overtime or that the interim.Employees in stable contracts and have been "relatively unaffected by job losses since 2008.

If the impact of the crisis on the workforce has been largely depreciated, the study considers "plausible prospect of low growth and job creation in the medium term", that is to say over the period 2010 – 2013.

The ACTING AMONG THE PROMISING SECTORS

Companies should indeed continue to use the interim and temporary employment to meet the expected increase in demand.

For CAS, the return to net new permanent jobs is possible from mid-2011, and again, "if the recovery continues on a pace means, without significant relapse."

Based on a growth assumption of 2% for 2011 and 1.6% for subsequent years, the CAS expects 513,000 new jobs in sectors mainly 2011-2015, which amounts to compensate for the destruction of positions related to the crisis.

Job creation could reach 712,000 assuming 2% growth per year.

For the authors of the study, the recovery in employment will be paid in part by the rebound "mechanics" of internationally-oriented sectors, partly by the development of other sectors, including services or chains "green".

The retail sector shows projections include several industries already hard hit by the crisis should continue to cut jobs, like auto, property, equipment or pharmaceuticals, which have rebounded strongly since the low point in early 2009.

In contrast, construction, consulting and assistance, personal services and retailing are among the areas considered most promising in terms of potential for job creation.

But the major differences between the study area of "operational", which includes the interim, with 218,000 new posts expected for 2010-2015.

Based on these projections, the CAS calls on the one hand the continuation of policies of "security" of careers and "flexicurity", but also more targeted approaches in territorial terms, and professionals.

Xavier Bertrand, the new Labour Minister, assured last week that the job would be a critical issue by the presidential and legislative elections of 2012.

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Italian Prysmian announced Monday a recommended offer of 840 million euros in its Dutch counterpart Draka, a month after rejecting an offer of 731 million by the French Nexans.

Prysmian, world number two behind Nexans cable, made a first offer on Draka unsuccessfully in 2009.

He said Monday he offered 17.20 euros per share Draka, cash and securities, representing 14.6% more than the cash offers from Nexans.

"The opportunity to create significant value and the location and the portfolio of products are very complementary," he said in a statement Prysmian CEO Valerio Battista.

Draka said that the offer of the Italian group has the unanimous support of its governing bodies and the irrevocable commitment of its principal shareholder, Flint Beheer, with a participation of 48.5%. He added that the transaction should be completed in the second quarter of 2011.

Draka may reverse its conditional agreement with Prysmian if another candidate shall submit a valid offer top of at least 15% to its offer.

Prysmian said he was not in contact with Draka when Nexans has launched its bid. He had said last week that a merger of its two main competitors would boost the market for all producers of cables.

Nobody was immediately available from Nexans for comment.

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The Paris court rejected Friday to Jan. 21 the trial in the trial of Jean-Marie Messier, tried for alleged crimes at the time of troubles of his ex-Vivendi Universal in 2002.

The former business manager emblematic of the 1990s was charged with "disseminating false or misleading information, price manipulation and abuse of corporate assets." The prosecution has requested his release at the trial last June.

Lawyers for small shareholders, the plaintiffs, challenged the indictment on the charge, which they denounce as a gesture of "opportunity," referring to the nearby Jean-Marie Messier with the current authorities.He formerly worked at the firm of Edouard Balladur, a mentor of Nicolas Sarkozy.

The prosecution also requested the acquittal of six defendants, four other former leaders of the group, including former right-hand man Jean-Marie Messier, Guillaume Hannezo, and two others, including Canada's Edgar Bronfman Jr., CEO Warner Music tried for "insider trading".

Civil Parties, Vivendi does not ask for compensation from its former executives. She was sentenced in January in another trial on the facts of misinformation in the U.S., held in the following proceedings partnership (class action). Jean-Marie Messier and Guillaume Hannezo have instead been released.

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While the reform of the electricity market comes to the Assembly and the alternative supplier Poweo plans to withdraw from the consumer market, L'Expansion. Com solicited reactions Caïtucoli Xavier, CEO of Direct Energy. NOME Law (New organization of the electricity market) is finally being discussed at the meeting, good news?

This law, which requires EDF to sell part of its nuclear energy production, is excellent news. First to consumers and then to the competition. So far, the conditions for liberalization of the electricity market meant that the client felt they were falling into a trap when they went to EDF when they were unsure of the conditions of return, and including the regulated rate of return. Now with the new law, consumers can always come back at EDF regulated tariff.

So liberalization without risk to households. In this framework, we, alternative supplier, to seduce the customer through attractive offers and additional services. It is true that the construction of electricity prices that the competition will really do that in 30 or even 40% of the final tariff paid by consumers. But the price is not everything. We can develop offerings and range of services that will enable customers to better manage and control their consumption. NOME law is a failure that will facilitate the development of technological innovations, which structurally alter the functioning of the market.

An essential element is not fixed yet, is that the price at which EDF will sell the nuclear power?

If France keeps its commitments to open to competition, we must buy the nuclear power at the same price that the client pays the final day, or 35 euros per MWh. This is the price that we can really develop a competitive bid.

Poweo, another alternative supplier, announced a few days ago its intention to withdraw partially from the retail market. Would you be willing to resume a part of this customer?

I will not comment on the situation of Poweo. The only thing I can say is that we will study all proposals, if they make sense of course!

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The key measure of this recasting of the rate of earnings from investments on an ELP, which will be updated every year.

The reform of housing savings scheme (PEL), unveiled late last week by the Minister of Economy Christine Lagarde, has been included in the supplementary budget presented Wednesday, November 17 in the Council of Ministers. This draft supplementary budget for 2010 will be considered by Parliament in December.

The key measure of this recasting of the rate of earnings from investments on an ELP, which will be updated every year while he had not moved since 2003 business card magnets. Another novelty, this performance will now be calculated as functions of the reference rate of financial markets, with a floor of 2.50%, its current level.The form should make the rate more flexible and allow it to evolve more rapidly on the rise.

Furthermore, taxation of new PEL will be slightly hardened, with an annual levy social security contributions, which intervened so far only from the tenth year. This revision will concern only ELP beginning on 1 March 2011.

The reform does not address the borrowing rate that guarantees the ELP, a mechanism meant to protect investors against changes in interest rates. This rate remains at 4.20%, a level currently unattractive to the extent that banks currently offer rates around 3.50%.

Placement of choice for French for their building project, the ELP is offered a second life by the government, which wants to make it more attractive financially to end the bad passes he had known since 2005 metal business card.16 million in 2003, the number of holders of PEL has increased to 11 million and at the same time, stocks have declined from 227 billion to 176 billion.

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Negotiations in Brussels between Member States and MEPs on the 2011 budget of the European Union failed Monday night, threatening to plunge the Community's finances into crisis and impede the functioning of the new External Action Service of the EU.

The setback is the first of its kind for the EU since 1988.It means that EU spending in 2011 will continue in the same relation to that year.

The failure was tied around a request of parliamentarians, who demanded assurances on the future EU funding and a declaration that would have clarified the role of Parliament in the financial planning process of the bloc.

The request was rejected by a group of countries led by Britain.

"I regret that a small number of member states have closed the door to an agreement on the 2011 budget," said President of the European Parliament, Jerzy Buzek, on the expiry of the deadline for negotiations on Monday at midnight.

Budget discussions were particularly difficult this year as many member states are under severe pressures on their budgets, undermined by financial and economic crisis, and it foreshadowed the debate on the financial perspectives of Europe over the period 2014-2020.

During negotiations, the Parliament had agreed to renounce its call for an increase of 6.2% of the budget of the EU and came around to the maximum range accepted by member states, an increase of 2, 9% of the 123 billion 2010 budget.

But diplomatic sources, it was explained Monday night that Great Britain, Sweden and the Netherlands have refused to discuss applications of Parliament, said a European diplomat, "had for most of them nothing to do with the budget next year. "

The failure could jeopardize the financing of certain projects or programs in Europe, starting with the External Action Service. Officially launched this summer, he should assist him in Ashton, EU High Representative for Common Foreign and Security Policy, and create conditions for a true European diplomacy.

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