The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to obtain the green light by U.S. antitrust authorities to repurchase $ 39 billion, which could threaten thousands of jobs but they withdrew the case filed with the Federal Communications Commission (FCC), the regulator of the sector in the United States.

"This formal approach is taken today by the two companies to consolidate their forces and focus their efforts to obtain antitrust approval from the Department of Justice", said the companies.

"AT & T and Deutsche Telekom keep the goal in the sale of AT & T, Deutsche Telekom's mobile operations in the United States," said the statement, published on Thanksgiving Day, a holiday in the United States.

The Department of Justice (DOJ) and the FCC opposing the operation, which could only be reduced to three the number of national mobile operators.

A green light from the FCC would be useless without the DOJ.

"In the second half, the impact on the luxury industry of the economic challenges the world faces and the high comparison base to which the measure group sales we suggest caution," said Johann Rupert, the chairman CEO of world number two luxury.

"Given the performance achieved to date, and despite these challenges, the operating profit of the year should be significantly higher than that of 2010-2011," he added.

Even as Richemont is known for prudent forecasting, these words echo the comments of all other major luxury groups, which have recently published quarterly defying the economic crisis.

Last week, the leather Hermes said he was hampered in its growth by its production capacity which does not allow it to meet demand, given the popularity of its handbags and famous silk scarves.

Mid-October, LVMH had also published quarterly strong despite the vagaries of the economy.

Last week, Germany's second largest bank, owned 25% by the German federal state, however, had said she would not resort to state aid.

"The third quarter results of Commerzbank highlight the growing challenge of strengthening its equity while the growth of its main activities pick up," reads a note from Fitch.

"Fitch expects that any additional capital are the result of the state."

Commerzbank declined to comment on this post.

The top of the eurozone, which ended in the night between Wednesday and Thursday led to a series of measures to resolve the crisis, including the deletion of 50% of the Greek debt to private creditors and the strengthening of the Fund stability in the euro area.Here are the details of decisions taken by all European leaders.

The discount of the Greek debt to 50%

Banks and private equity funds that hold Greek debt have agreed to voluntarily relinquish 50% of their claims on the national debt by 2020: specifically, from January 2012, they will exchange their debt obligations Greek against others whose value will be halved. This represents a deletion of 100 billion euros of Greek debt, currently at 350 billion euros. Fund stability in the euro area (EFSF) will bring to these private creditors 30 billion euros in guarantees on these new claims.Among the measures to strengthen fiscal discipline common EU monetary figure "the adoption by each Member State of rules on passing a balanced budget the Stability and Growth in the legislation, preferably at the constitutional level or equivalent end of 2012, "the statement said.

Highs in the euro area twice a year

Highs in the euro area will be held twice a year. They will be chaired, at least initially, by the President of the EU, the Belgian Herman Van Rompuy. A change in the EU treaty is considered.

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The pan-European FTSEurofirst 300 index yielded 2.68 and the Eurostoxx 50 was unscrewed from 2.21%. In Paris the CAC 40 ended down 2.61% to 2850.55 points.

The London Stock Exchange fell 2.58%, that of 2.98% in Frankfurt and Milan instead of 2.72%.

"The markets are nervous because a lot of political uncertainty.As long as no solution has been found to the situation in Greece, the context will remain difficult, "Judge Klaus Wiener, chief economist of Generali Investments.

Cyclical stocks were particularly hard hit, always burdened by concerns about a possible relapse into recession. The European automotive sector dropped 6.21%, largest decline sector, and those of construction and banks have lost both about 4%.

In addition, the banking sector is dragged down by Dexia, which lost up to 38% in session to finish down by 22.46%.France and Belgium flew to the rescue of the Franco-Belgian bank Tuesday while script for a dismantling of the facility, weakened by the financial crisis and in particular its exposure to Greece, is gaining credibility.

Zoellick warned in an interview with Reuters that a new crisis is looming, while the budgets of many developing countries have still not fully recovered from the financial turmoil in late 2008.

He said the budgetary situation of more than half of developing countries deteriorated by about 2 percentage points of GDP since 2007, and over 40% of developing countries now have deficits exceeding 4% of GDP.

"If the situation continues to deteriorate, growth in developing countries may bend, the value of their assets could decline, and then their non-performing loans could rise," said Robert Zoellick.

"With these pressures and opportunities, we should expect to protectionist pressures (…), and a downside risk to the population," he added.

He said to continue to think that the economies of industrialized countries could avoid a double dip, but concerns are growing up in the event that these countries would not attack the problems head on.

"A crisis born in the developed countries could be exported to developing countries," he continues."Europe, Japan and the United States must act to address their major economic problems before they become larger problems for the rest of the world".

"Failure to do so would be irresponsible," he summarizes.

This evaluation suggests that the hurricane was downgraded to a tropical storm may have caused less damage than feared by insurance professionals.

According EQECAT, the bulk of the damage in both states was recorded in North Carolina, including unusual waves and flooding.

Added compensable damage suffered in the Caribbean, estimated between 300 and 600 million, now estimated EQECAT Irene has so far caused damage of between 500 million and one billion dollars.

This is less than the estimates of the competitor AIR Worldwide, which refers to 1.1 billion damage in the Caribbean region alone.

Estimates of damage to the rest of the United States are expected in Monday.

Wednesday, June 29, tax reform has finally been confirmed by joint committee (CMP). To review the tax shield, hello relief ISF. On the sidelines, another measure was also passed, which is beginning to debate: the entry into force of the rise of the right to share. Explanations.

What is the right to share?

Behind this term lies a fee to be paid by divorcing couples, and one of whose members want to keep the main dwelling. Under joint ownership, one who wishes to remain in the home, must buy out his ex-partner (50% of the sale value of the property).During this transaction, a 1.1% tax was previously levied by the state. On 1 January 2012, this tax will amount to 2.5%.

Why the increase?

The heavier the right to share was passed to compensate for the elimination of the taxation of second homes by non-residents, passed on June 20. Estimates Bercy, this tax was supposed to generate about 176 million euros to the state. With 130,000 divorces annually, the right to share is projected to generate nearly 323 million euros next year.

An increase of 150%

In view of soaring real estate prices, the increase of almost 150% will necessarily add to the budget people often already in financial difficulties at that time of life. Benoit Renaud, president of the Superior Council of Notaries, interviewed by Les Echos sees the reform as well as a true "disaster".Specifically, bought an apartment together ten years ago, 200,000 euros, could easily sell 400,000 euros today. A 2.5%, the right to share would amount to 10,000 euros against 4400 euros previously.

Women, the first victims

Some denounce a policy discriminates against women. Nicole Bricq, Senator PS, even sees "a tax or misogynistic machismo." Indeed, in France, 57% of divorcing couples still have minor children. And in 75% of cases it is mothers who get custody. Often, these so try to keep the family home. Thus, divorced women are the main victims of this tax reform. A detail that does not seem concerned parliamentarians, consisting of 80% of men, as recalled Liberation.