France Finance – CC87 Ported OC http://cc87portedoc.com/ Fri, 23 Jul 2021 06:28:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://cc87portedoc.com/wp-content/uploads/2021/05/default.png France Finance – CC87 Ported OC http://cc87portedoc.com/ 32 32 FIXED-French company Thales raises its sales target for 2021 after a strong H1 https://cc87portedoc.com/fixed-french-company-thales-raises-its-sales-target-for-2021-after-a-strong-h1/ https://cc87portedoc.com/fixed-french-company-thales-raises-its-sales-target-for-2021-after-a-strong-h1/#respond Fri, 23 Jul 2021 06:25:17 +0000 https://cc87portedoc.com/fixed-french-company-thales-raises-its-sales-target-for-2021-after-a-strong-h1/ (Deletes reference to Canada in paragraph 3) PARIS, July 23 (Reuters) – The French group Thales has raised its full-year revenue target after posting first-half revenue up 9.8% at constant scope, driven by space commercial and defense. Europe’s largest defense electronics company, whose systems range from radar to rail, and from biometric sensors to satellites, […]]]>

(Deletes reference to Canada in paragraph 3)

PARIS, July 23 (Reuters) – The French group Thales has raised its full-year revenue target after posting first-half revenue up 9.8% at constant scope, driven by space commercial and defense.

Europe’s largest defense electronics company, whose systems range from radar to rail, and from biometric sensors to satellites, said the increase reflected a large rebound from the worst stages of the pandemic except of civil aerospace.

New orders rose 37% to 8.244 billion euros ($ 9.70 billion), driven by major satellite contracts in Europe and Indonesia.

Managing Director Patrice Caine said the increase in the order gave confidence, while warning that the business climate “continues to be disrupted”.

Thales’s overall operating income more than doubled to 768 million euros in the first half from 348 million a year earlier, with half-year revenue reaching 8.423 billion euros.

Thales now expects a turnover of 17.5-18.0 billion euros in 2021, against a previous target of 17.1-17.9 billion.

Thales’s new sales outlook does not imply any further major economic or public health disruption and a return to normal in the global semiconductor supply chain, the company said.

In May, it said it had seen no significant impact from a global shortage of chips used by its identity and bank payments business, but was adding new vendors.

Caine declined to comment on speculation surrounding the potential sale of the company’s rail signaling business.

Reuters reported this month that Thales had shortlisted Japan’s Hitachi Rail, Swiss Stadler Rail and Spain’s CAF for the company, which analysts put at between € 1.5 billion and € 2.5 billion.

The French aerospace group, partly owned by the French state, is seeking to streamline its operations after investors have often questioned the diversity of its portfolio.

($ 1 = 0.8498 euros) (Reporting by Tim Hepher; Editing by Sudip Kar-Gupta)


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France rejects EU proposal for a new carbon market https://cc87portedoc.com/france-rejects-eu-proposal-for-a-new-carbon-market/ https://cc87portedoc.com/france-rejects-eu-proposal-for-a-new-carbon-market/#respond Wed, 21 Jul 2021 05:39:41 +0000 https://cc87portedoc.com/france-rejects-eu-proposal-for-a-new-carbon-market/ (Bloomberg) – France rejects the European Union’s proposal to launch a new carbon market for heating and road transport, a move that worries some other EU countries and is quickly becoming the most controversial part a new climate plan. Days after announcing the EU’s ambitious plan to tackle climate change, France began to lobby behind […]]]>

(Bloomberg) – France rejects the European Union’s proposal to launch a new carbon market for heating and road transport, a move that worries some other EU countries and is quickly becoming the most controversial part a new climate plan.

Days after announcing the EU’s ambitious plan to tackle climate change, France began to lobby behind the scenes to weaken or delay the new carbon market, a central feature of the bloc’s proposal, have declared people familiar with the matter. Several countries, including the Netherlands and Hungary, are also concerned about its social impact, according to EU diplomats familiar with the talks.

Along with other European leaders, French President Emmanuel Macron struggles to balance climate goals with his own political constraints, the Macron government could step up its fight against the carbon plan when France takes over the rotating EU presidency in January .

France’s goal, the people said, is to try to mobilize enough support to either drop the proposal or adjust it to make room for increased financial compensation for those affected by the spike in prices that the measure should trigger.

EU governments expressed “a lot of reservations” at a meeting in Slovenia on Tuesday on the carbon market, Slovenian Environment Minister Andrej Vizjak said.

“This is going to be quite difficult to resolve,” Vizjak said after EU environment ministers discussed the plan for the first time since the announcement. “I think that at the beginning the commission will have a lot of explanations to give. But I am sure that at the end of the day we will come to a compromise ”

The new carbon market would extend emissions trading to heat and road transport as part of a larger package aimed at aligning the economy with a target of reducing emissions by at least 55% of by 2030 compared to 1990 levels.

While carbon markets may force a move away from fossil fuels, they have also raised concerns that prices will be passed on to consumers, a very sensitive issue for Macron ahead of the French presidential election in April.

Political constraints

Macron often presents himself as a champion of the environment and has made climate concerns a flagship objective of foreign policy. But he’s also fighting the legacy of his controversial 2018 plan to increase gasoline taxes, which has sparked a wave of sometimes violent protests from most low-income workers dubbed the Yellow Vests.

While the Yellow Vest protests have largely subsided, some popular anger continues to focus on Macron, a former investment banker seen by many as out of touch with ordinary people. After more than a year of restrictions on public gatherings to contain the coronavirus, anger has returned in recent days, this time against Macron’s plan to isolate and pressure people who refuse to be vaccinated.

French Environment Minister Barbara Pompili called the commission’s plan in a recent television interview a mere “proposal” and stressed that “France has expressed reservations on the creation, increase in carbon taxes for buildings and transport “. Citing the yellow vests movement, she said that “when you don’t support people, it can’t work”.

Macron has at times been torn between ambitious environmental commitments, especially on the international scene, and economic interests. Politics also gained ground. His government recently scrapped a plan to try to enshrine environmental protection in the constitution after disagreements with lawmakers over how to word the provisions.

The country is also resisting the EU’s proposal to phase out sales of combustion-engine cars by 2035, arguing for a more lenient target and for hybrid vehicles to stay on the market longer than this deadline. and protect its automotive industry.

France opposes EU ban on combustion cars by 2035

EU officials say the new package, dubbed ‘Fit For 55’, will not be too costly for average citizens. Instead, they say, revenues from the carbon market will support a fund to reduce fuel bills for low-income households. The objective is to strengthen the existing transition funds and create a new one to protect the most vulnerable households.

The EU will now embark on a long sales pitch for its ambitious plan, which must be endorsed by Member States and the European Parliament.

“No big shock”

“We want it to be managed in a rather controlled way so that the introduction of the price signal does not create a big revolution,” said Kurt Vandenberghe, European Green Deal adviser to Commission President Ursula von der on Tuesday. Leyen, during a webinar. “That’s why we won’t start until 2026, and we’ve taken precautions to make sure there isn’t a big shock to the system.”

Still, a person familiar with France’s position said the EU’s pledges were not enough and the origin of these funds needs to be clarified.

A French Ecology ministry official said France’s reservations could be lifted after France does its due diligence on the EU’s proposal. While the Macron government prefers not to refer to yellow vests as a wild card every time, there could be a similar effect, the official said, citing the example of households using heating oil.

It is not clear, however, that France and other countries will end up blocking the carbon market plan. The bloc has largely agreed on ambitious – and costly – climate goals, and the years-long struggle for details has only just begun.

More stories like this are available at bloomberg.com

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China must cut emissions to avoid climate “chaos”, warns US envoy Kerry https://cc87portedoc.com/china-must-cut-emissions-to-avoid-climate-chaos-warns-us-envoy-kerry/ https://cc87portedoc.com/china-must-cut-emissions-to-avoid-climate-chaos-warns-us-envoy-kerry/#respond Tue, 20 Jul 2021 17:56:42 +0000 https://cc87portedoc.com/china-must-cut-emissions-to-avoid-climate-chaos-warns-us-envoy-kerry/ China must cut emissions sooner if the planet is to avoid “climate chaos,” warned US climate envoy John Kerry, telling the Financial Times he wanted to talk to Beijing about a possible border carbon tax . Limiting global warming to 1.5 ° C will be a “pipe dream” if China waits until 2030 for its […]]]>

China must cut emissions sooner if the planet is to avoid “climate chaos,” warned US climate envoy John Kerry, telling the Financial Times he wanted to talk to Beijing about a possible border carbon tax .

Limiting global warming to 1.5 ° C will be a “pipe dream” if China waits until 2030 for its peak emissions, he said in an interview after a major political speech in London on Tuesday. “We have to face the reality here, this is the basic truth that we are talking about,” he said.

Kerry, who has traveled the world to promote President Joe Biden’s climate agenda, in his distinguished speech said China would be “impossible” to limit warming to 1.5 ° C unless the most the planet’s big emitter does change its goals. The 1.5 ° C target is enshrined in the 2015 Paris climate agreement.

The US-China climate cooperation was “the only way to break free from the current mutual suicide pact in the world,” he told his audience at the city’s Kew Gardens. Kerry will call on countries to further reduce their emissions at the G20 environment ministers meeting held in Naples, Italy on Thursday.

With US-China relations at an all-time low, cooperation on climate issues is one of the few areas where the two largely align, which makes Kerry’s pointed remarks unusual.

The border carbon tax, a policy that is gaining traction among Senate Democrats in Washington, is an issue that could divide the United States and China.

After the EU released its proposal for a carbon border adjustment mechanism – which would impose a tax on steel, cement and fertilizer imports from countries without carbon pricing – the EU released its proposal for a carbon border adjustment mechanism last week. United are considering whether or not to follow.

“We have had a very close discussion with France, the Netherlands and the EU,” said Kerry, referring to the carbon border adjustment mechanism.

“We agreed to consult – we did not say that we supported the final implementation of a project,” he added. “This is something I really want to talk to China and other countries about.”

Addressing an audience gathered on a sweltering veranda during a heat wave in London, Kerry joked: “Although we came here to talk about the greenhouse effect, we didn’t want to put you in a greenhouse.”

China, which accounts for 28% of annual global emissions, has pledged to peak in emissions before 2030, without specifying when or by how much they could start to decline. The United States is the largest cumulative emitter in the world.

However, if Beijing does not reach a peak in emissions by 2030, Kerry said, then the rest of the world is expected to reach zero emissions by 2040, a decade earlier than expected. China’s construction of coal-fired power plants was “disturbing,” he added.

The former US secretary of state also called for a “wartime mobilization” of resources to tackle the climate crisis, saying it was “a massive opportunity to rebuild our economies in the aftermath of a historic pandemic ”.

The United States withdrew from the Paris climate agreement under President Donald Trump, but joined it earlier this year after Biden took office.

Ahead of the COP26 climate talks in Glasgow in November, the United States came under pressure to increase its contributions to climate finance, to help developing countries cope with the impact of climate change.

Kerry said the United States should do more on climate finance, hinting that more funds will be available soon.

“I have spoken to President Biden, he completely agrees,” he said. “He’s trying to figure out how.

Kerry added: “We are still the richest country in the world and we cannot do less than a totally fundamental and basic level of acceptance and responsibility.”

The Biden administration has struggled to get its climate policies passed through the US Congress, unsure of how America will be able to meet its goal of cutting emissions by at least 50% by 2030.

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Alarm grows over Iran nuclear program among sidelined monitors https://cc87portedoc.com/alarm-grows-over-iran-nuclear-program-among-sidelined-monitors/ https://cc87portedoc.com/alarm-grows-over-iran-nuclear-program-among-sidelined-monitors/#respond Mon, 19 Jul 2021 17:45:33 +0000 https://cc87portedoc.com/alarm-grows-over-iran-nuclear-program-among-sidelined-monitors/ (Bloomberg) – International observers watch Iran’s expanding nuclear program with growing concern, as Tehran refuses to extend an expired inspection pact and insists experts must be confident it is accurately documenting the uranium enrichment activities. Iran says it still preserves data captured by the International Atomic Energy Agency’s surveillance equipment, the agency’s director general Rafael […]]]>


(Bloomberg) – International observers watch Iran’s expanding nuclear program with growing concern, as Tehran refuses to extend an expired inspection pact and insists experts must be confident it is accurately documenting the uranium enrichment activities.

Iran says it still preserves data captured by the International Atomic Energy Agency’s surveillance equipment, the agency’s director general Rafael Mariano Grossi said in an interview in Rio de Janeiro. But officials will not give access to its investigators until Iran concludes stalled talks with world powers to restore a broader 2015 deal that lifted sanctions.

“It’s a rather uncomfortable situation for us because this assurance is informal in nature and we don’t know whether it is or not,” Grossi said on Monday. ” But we have no choice.

The deal reached six years ago this month limited Iran’s nuclear activities, but it has collapsed since then-President Donald Trump withdrew the United States in 2018. Afterwards as Trump reimposed the sanctions, Iran began breaking the caps on its nuclear work, and it now has almost enough in stock. highly enriched uranium to build a warhead.

“We have to verify that all this material at these higher grades is going to remain in peaceful uses,” Grossi said. “The only way to do this is to cooperate with the IAEA. If they don’t, they are outlaws.

As the Biden administration, along with China, France, Germany, Russia and the UK, have been trying to revive the 2015 deal since April, diplomats are not expected to meet until next month after the new Iranian president Ebrahim Raisi, a die-hard cleric, is installed in the office.

Sales in China

The talks are closely followed by energy markets which anticipate an increase in Iranian oil and gas exports if sanctions on the country’s sales are lifted.

Grossi spoke amid reports that policymakers in Washington could start increasing pressure on Iran if talks to revive their deal fail. Dow Jones reported that the United States could target Iran’s oil sales to China, which have increased since President Joe Biden entered the White House, if the talks fail.

It’s just one of many alternative scenarios the United States is considering if there is no return to the multinational nuclear deal, according to a US official who asked not to be identified in internal discussions. . China is the country where Iran exports most of its oil today, and the United States has signaled the possibility of further sanctions to China, the official said.

Iran has more than tripled its stocks of 60% enriched uranium to 8.9 kilograms (19.6 pounds) from 2.4 kilograms verified by international inspectors in a June report, according to a tweet from Iran’s minister of Foreign Affairs last week. This purity of uranium is technically indistinguishable from the material needed to make nuclear weapons, with as little as 10 to 15 kilograms of the highly enriched metal needed to make a raw nuclear device.

Iran has always maintained that its nuclear program is for civilian use, but concern from Western capitals and Israel over the bomb-making potential helped spur the initial deal.

“We will have to see what the new government decides in terms of returning to the format,” said Grossi, whose agency is not represented at the talks but plays a key role in enforcing the nuclear accords of the deal.

Grossi said his inspectors continue to be present inside Iran but their visits are limited to declared nuclear sites. The IAEA investigation into decades-old traces of uranium found in several locations and linked to the Israeli disclosures remains at a standstill.

“It’s basically stopped,” Grossi said. “We have exchanged a few letters, but there is no real commitment.”

The failure to clarify the source of the material opens up another potential avenue for the United States to put pressure on Iran. Washington’s envoy to the IAEA, Louis Bono, suggested that the Islamic Republic could be subject to formal censorship if the investigation did not advance until September.

(Updates with US official on Iranian oil sales to China in ninth paragraph)

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Investigation claims spyware was used to hack journalists, activists and leaders https://cc87portedoc.com/investigation-claims-spyware-was-used-to-hack-journalists-activists-and-leaders/ https://cc87portedoc.com/investigation-claims-spyware-was-used-to-hack-journalists-activists-and-leaders/#respond Sun, 18 Jul 2021 21:19:11 +0000 https://cc87portedoc.com/investigation-claims-spyware-was-used-to-hack-journalists-activists-and-leaders/ Spyware licensed from Israeli company NSO Group was used to target smartphones belonging to 37 journalists, human rights activists and other public figures, according to an investigation released on Sunday. The report elicited a swift response from NSO, who claimed it was “full of flawed assumptions and unsubstantiated theories.” Conducted by the nonprofit journalism association […]]]>


Spyware licensed from Israeli company NSO Group was used to target smartphones belonging to 37 journalists, human rights activists and other public figures, according to an investigation released on Sunday.

The report elicited a swift response from NSO, who claimed it was “full of flawed assumptions and unsubstantiated theories.”

Conducted by the nonprofit journalism association Forbidden Stories and 17 media partners, the survey was based on a list of more than 50,000 phone numbers linked to people who had allegedly been screened for possible surveillance by clients of NSO since 2016, the group said.

Forbidden Stories said Pegasus, a software product that NSO sells to government agencies, has been “widely misused” by clients to target lawyers, academics and other professionals in countries like India, Mexico and France.

Forensic analysis by Amnesty International found 37 phones were infected or attempted to be infected with NSO spyware, according to the human rights group, which released a separate report on its methodology.

The FT has not been able to independently verify the allegations reported by the media consortium.

The victims of the attacks are said to be Siddharth Varadarajan, founder of the Indian news site The Wire, and Szabolcs Panyi, investigative journalist in Hungary for the non-profit journalism organization Direkt36, according to Forbidden Stories.

Bill Marczak, principal researcher at Citizen Lab, said the Canadian watchdog group had examined four of the phones and confirmed with “great confidence” that the devices had been targeted with the Pegasus software. Marczak said Citizen Lab peer reviewed Amnesty’s methodology and found it “sound”.

Consortium partners have vowed to reveal the names of others on the larger list of suspected surveillance targets in the coming days. That list included business executives, ministers, presidents and prime ministers, according to The Guardian newspaper., one of the media partners in the survey.

A spokesperson for NSO said the company would “continue to investigate all credible allegations of abuse” while denying what it claimed to be “false allegations” in the Forbidden Stories report.

“NSO Group has good reason to believe that the claims made by anonymous sources to Forbidden Stories are based on a misleading interpretation of data from accessible and overt basic information, such as HLR research services, which did not no impact on the target list for customers of Pegasus or any other NSO product, ”the spokesperson said.

NSO said the Pegasus software was intended to collect mobile data only on those suspected of being involved in crime and terrorism. He said his customer agreement required that the products not be used to violate human rights, and that he had shut down customers’ systems “several times in the past” due to misuse.

The investigation comes on top of the scrutiny of NSO, which was valued at over $ 1 billion in a buyout by its management team and private equity firm Novalpina in 2019.

In December, Citizen Lab said dozens of iPhones used by Al Jazeera reporters were hacked using NSO spyware. NSO said the claims were based on “speculation, inaccurate assumptions and without a full grasp of the facts.”

Previously, the Financial Times reported that attackers used a vulnerability in the WhatsApp messaging app to install NSO spyware on targeted phones. NSO had said it was not involved in the exploitation or targeting of its technology, which was only exploited by intelligence and law enforcement agencies.

Roula Khalaf, the FT’s editor, was among more than 180 journalists listed as potential targets by NSO clients in the investigation, The Guardian reported. The NSO spokesperson said he had confirmed that Khalaf “was not a target of Pegasus by any of NSO’s clients”.

“Press freedoms are vital and any interference or illegal state surveillance on journalists is unacceptable,” said a spokesperson for the FT.

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Sajid Javid self-isolates after testing positive for Covid https://cc87portedoc.com/sajid-javid-self-isolates-after-testing-positive-for-covid/ https://cc87portedoc.com/sajid-javid-self-isolates-after-testing-positive-for-covid/#respond Sat, 17 Jul 2021 22:42:40 +0000 https://cc87portedoc.com/sajid-javid-self-isolates-after-testing-positive-for-covid/ Sajid Javid, the new UK Health Secretary, said on Saturday he had tested positive for the coronavirus and was showing mild symptoms as the UK prepares to end the last of its restrictions on locking. Javid said he would work from home after a PCR test confirmed he had coronavirus. “I was feeling a little […]]]>


Sajid Javid, the new UK Health Secretary, said on Saturday he had tested positive for the coronavirus and was showing mild symptoms as the UK prepares to end the last of its restrictions on locking.

Javid said he would work from home after a PCR test confirmed he had coronavirus. “I was feeling a little groggy last night. . . so I am isolating myself now at home with my family, ”he said.

The news comes 48 hours before England is set to lift the last remaining Covid restrictions, despite the third highest number of cases of any country in the world, a move that has raised concerns among some leading scientists .

Javid said he was grateful to have received two doses of the Covid-19 vaccine and therefore his symptoms were mild.

“If you haven’t had your jabs, go ahead and get them as soon as you can,” he said in a music video on Twitter.

“If everyone is playing their part, not only are you protecting yourself and your loved ones, but you are also protecting the NHS and helping to protect our way of life. “

Javid had a meeting on Friday with Boris Johnson, the Prime Minister, who is now likely to be ‘pinged’ by the NHS Covid app advising him to self-isolate to prevent the spread of Covid if he has it. on his smartphone.

Monday will be so-called ‘Freedom Day’ in England when the last restrictions are removed, marking the end of the third coronavirus lockdown. The changes will mean the reopening of nightclubs and theaters and an end to legally enforced social distancing and mask wearing – although the latter is still advisable in crowded indoor venues.

The new Health Secretary has been an enthusiastic supporter of reopening the economy, using his first speech in the House of Commons to insist the changes were irreversible. “No date we choose involves zero risk for Covid,” he said at the time. “We cannot eliminate it, rather we have to learn to live with it.”

Lucy Frazer, the government’s solicitor general, said on Friday it was possible that restrictions could be reimposed if deaths and hospitalizations again reached “unacceptable” levels.

Javid visited an elderly care home, Aashna House, in London on Tuesday.

As the UK daily case count rose to over 50,000 on Friday, global health experts on Monday condemned Johnson’s lifting of most legal restrictions on Covid-19 in England as “a threat to the world ”.

The UK has the third-highest number of cases in the world – only Indonesia and Brazil have more – and some scientists fear it may become fertile ground for new variants of Covid.

While the UK reported 51,870 daily cases – the highest figure since January 15 – scientists at an “emergency international summit” urged the Johnson government to “urgently reconsider its proposals to ‘action’.

Munira Wilson, Lib Dem health spokesperson, said news about Javid showed no one was safe from Covid-19.

“The government must rethink its reckless plans for Monday,” she said.

“By relaxing all the restrictions with the increase in cases, they are experimenting with people’s lives. Right now, they are pursuing a strategy of survival of the fittest, where the young and the most clinically vulnerable will remain helpless. “

Jeremy Hunt, chairman of the Commons Health Select Committee, warned there was a danger that England would have to resume lockdown in the fall if hospitalization rates rose too quickly during the summer.

Sign of the nervousness of the government, the ministers modified the system of “traffic lights” for travel abroad so that people returning from France should always isolate themselves for 10 days even if they have undergone two injections of Covid.



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“I’m leaving”: British antique dealers affected by Brexit https://cc87portedoc.com/im-leaving-british-antique-dealers-affected-by-brexit/ https://cc87portedoc.com/im-leaving-british-antique-dealers-affected-by-brexit/#respond Fri, 16 Jul 2021 23:01:07 +0000 https://cc87portedoc.com/im-leaving-british-antique-dealers-affected-by-brexit/ It’s a modest life, but over the past 20 years, Ruth Butterworth has managed to turn her passion for vintage French home decor into a profitable livelihood, traveling all over France. flea market flea markets and antique fairs for items for resale in the UK. But since Brexit pulled the UK out of the EU’s […]]]>


It’s a modest life, but over the past 20 years, Ruth Butterworth has managed to turn her passion for vintage French home decor into a profitable livelihood, traveling all over France. flea market flea markets and antique fairs for items for resale in the UK.

But since Brexit pulled the UK out of the EU’s single market in January, Butterworth – like many antique ‘white vans’ in Britain – has found herself on the wrong side of a complex trade border that ‘she didn’t either. energy or appetite to overcome.

“Brexit just finished it for me, I’m going out of business,” she said as she looked after customers browsing her white collections earthenware pottery and benetiers – giant clams – on his grounds at the Ardingly antiques fair last month in West Sussex, near the south coast of England.

It’s a heartbreaking decision for Butterworth, 56, but one that many other traders at the Ardingly Fair say are also making as they grapple with the need for customs declarations, tax payments on the added value and all other formalities now required. British traders with the EU.

“For many little boys, the ‘white van’ trade with Europe is dead,” said Paul Ridges, who has a shop in Swanage, Dorset, and who has been importing antiques and vintage items from France for nearly 40 years.

He explains how, before Brexit, he could take his van for an overnight crossing to France to visit a trade fair in Le Mans, “deposit $ 10,000 in four hours” by buying French coins, then be back in the Kingdom. – United at 3 pm crossing the following day, completing the trip in 24 hours.

“Now I have to get an invoice for everything in my vehicle, and if I type in a French flea market I could buy 150 items – from a coffee maker to a Louis XVI table. And since this is a cash trade, many French traders just don’t want to give a receipt, ”he explained.

The Ardingly Antiques Fair in West Sussex © Charlie Bibby / FT

Matters are further complicated by the fact that antiques that are over 100 years old are duty free and valued at 5 percent VAT, while “vintage” items that are less than a century old enjoy full rates. 20% and even some import duties.

“The government’s advice is to ‘get a shipping agent,’ but it may take five to seven days to sort the documents at both ends, and by the time all fees and taxes are paid, the business earns cash. have simply disappeared. ,” he added.

The impact of the new barriers to the occasional antique trade has also been felt in the opposite direction, with the number of EU traders at this year’s Ardingly fair dropping 65%, according to Will Thomas, managing director. of International Antiques & Collectors Fairs, which organizes sales events across the UK.

An unknown proportion of that reduction was due to Covid-19 restrictions, Thomas added, hoping that many EU traders would return. But the mood among the vendors at the Ardingly fair is pessimistic.

Mattias Vachet, 49, a French antique furniture dealer from Avignon who has lived in Chertsey, Surrey since 2012 with his British wife, said he was packing his bags and returning home to France, in part because the demand for his services was drying up.

Antiquarian Mattias Vachet

Mattias Vachet says he plans to return to France, having lived in the UK since 2012 © Charlie Bibby / FT

” I move back. I just can’t be bothered by Brexit, ”he said,“ I had big plans to start a wholesale business center for French dealers in the UK. Originally I had 20 people interested, now I only have five.

Thomas of the IACF said his business is helping some sellers branch out online, opening a new auction website, although for traders used to making deals with wads of cash and a handshake, the rules of online sales guaranteeing customers the legal right to return goods after 30 days is sometimes difficult.

For other dealers, such as Keith and Jean Thompson who shop for their Rams Head Antiques business in Wolsingham, County Durham, Brexit has caused export rather than import issues, as customers from the EU purchasing from their UK website are affected by unforeseen charges and taxes on delivery.

Keith Thompson at the Ardingly Antiques Fair

Keith Thompson: “Before, our trade was around 30% with the EU. [Now] it’s about zero ‘© Charlie Bibby / FT

“Don’t ask me about Brexit,” said Thompson between haggling with a merchant of three Louis-Philippe gilt-framed mirrors, eventually settling on £ 2,000 in cash and producing a thick wad of banknotes. £ 20 from a satchel around her waist. .

“Our trade was around 30% with the EU – customers in France, Italy and Germany – but since the restrictions took effect it has fallen to practically zero,” he said.

Still, not everyone at Ardingly was giving up. For other dealers, such as Cambridgeshire-based Kevin Hairsine, Brexit has been an opportunity, allowing him to open a customs and advisory service charging customers £ 180 per month for advice.

Kevin Hairsine at the Ardingly antiques fair

Kevin Hairsine, center, has set up a customs and advisory service for traders © Charlie Bibby / FT

Hairsine, who studied to qualify for the UK Customs Academy online, is preparing to offer customs clearance services to customers trying to negotiate new regulations. These are expected to become more complex when the UK introduces full customs controls later this year, which the UK government has unilaterally delayed for a year to give UK businesses more time to adjust.

He said some taxidermy items should be allowed under the CITES convention for endangered species, for example, while wood products are subject to different controls depending on the category to which they belong.

“There are subtleties,” he explained. “A French Louis XIV wooden table will not need to go through the Forestry Commission wood checks, but an old tree trunk that has been turned into a table, which still has bark, will. . ”

A few stalls further down, another independent trader, Henry Vaughan, is also looking to cash in and works with his brother, who lives in France, to provide a full delivery service for antique dealers to shop in French markets and deliver to a hub in France for subsequent delivery.

Between offering someone a prize on an old French tin tub, Vaughan said he thought his new business would be popular, but still assumed many small dealers wouldn’t care. “It used to take five dollars to get that bath back, now it’s £ 40 and a lot of headaches. Multiply that over hundreds of items and for many resellers that is too much. It devastated a lot of people. “

Henry Vaughan and his stall at the Ardingly antiques fair

Henry Vaughan works with his brother, who lives in France, to provide a full delivery service © Charlie Bibby / FT

Nonetheless, Kathryn Singer, director of strategy for the British Association of Antiquarians, said she hoped crafty traders on both sides of the Channel would learn to adapt.

“Brexit has definitely created a lot of new documents and protocols, and we are working with the government to see where these can be reduced. But the dealers are a pretty stubborn breed and they tend to get it right, ”she said.



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MHD makes a strong plea for international recognition on Mansa https://cc87portedoc.com/mhd-makes-a-strong-plea-for-international-recognition-on-mansa/ https://cc87portedoc.com/mhd-makes-a-strong-plea-for-international-recognition-on-mansa/#respond Fri, 16 Jul 2021 09:00:57 +0000 https://cc87portedoc.com/mhd-makes-a-strong-plea-for-international-recognition-on-mansa/ MHD is one of the biggest names in French rap. The Parisian, whose real name is Mohamed Sylla, is famous for having created a style called “Afro trap” whose sound with accents of African music has made forays into American and British rap. As he points out on Mansa, he is the first French rapper […]]]>


MHD is one of the biggest names in French rap. The Parisian, whose real name is Mohamed Sylla, is famous for having created a style called “Afro trap” whose sound with accents of African music has made forays into American and British rap. As he points out on Mansa, he is the first French rapper to have played at the Coachella festival in California. “London, Berlin adore me”, he also declares on his third album. Never since MC Solaar in the 1990s, a French rap star had made such a strong plea for international recognition.

But the rise of MHD was stopped. In 2019, he was remanded in custody and charged with intentional homicide in connection with the murder of a young man in northern Paris the previous year, suspected of being linked to gang violence. The rapper spent 18 months in prison until his release on judicial review last year. He claims his innocence.

French law allows suspects to be imprisoned for an unusually long period of time. MHD’s imprisonment was more than double the length he would have faced in similar circumstances in the UK, where eight months is the maximum a person can typically be remanded into custody. Even after his release, the legal vacuum persists. Although he is no longer behind bars, the rapper risks being tried at a future date, yet to be confirmed. The inventor of the Afro trap is trapped in an opaque and slow legal process.

Mansa continues his sound signature, which mixes West African pop and dance music with Western rap. Guests include Nigerian singers Naira Marley on “Fiesta” and Adekunle Gold on “Wonder Mama”. MHD, whose parents are Senegalese and Guinean, skilfully oscillates his voice between song and rap. The tracks are mostly split between melodious tracks and harder rap tracks.

The opener “Petit coeur” is old-fashioned, an acoustic guitar number in which the rapper delivers verses on loneliness and mental fragility. The tone is reflective, but a pedestrian rhythm gives it a feeling of routine. Several other songs have a similar programming tune. With the exception of “Beyoncé”, which features what looks like a kora and horns amid a catchy electronic beat, the instrumentation is less richly textured than her previous albums. The lyrics have an introspective aspect, but the music scrolls on autopilot.

Straightforward rap tracks are much better. “Afro Trap Part 11 (King Kong)” gallops to a music video. “Fiesta” has an exuberant carnival energy drawn from “coupé-shifted”, a West African dance music genre. “FNR” calls for respect on a ruthless pace. The rapper’s clear diction allows non-French speakers to follow his phonetic twists. Moderately accomplished Francophones should be able to follow his train of thought.

In “Sagacity”, MHD refers to the prosecutor wanting him to wear an electronic bracelet when he is released from prison. “And I take care of my business,” he adds amid a set of straightforward beats, a pragmatic assertion of where his business is located. The closing track “9 min” is a long monologue apparently framed like a prison phone call. MHD raps like he’s got something on his chest, while the soundtrack is piano-based and gothic, a progression of his afro trap style. The creative stasis that hangs over certain parts of the album, the musical counterpart of the legal no man’s land in which its principal is located, is finally shaken.

★★★ ☆☆

Mansa‘is published by Universal Music France



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Europe adds travel restrictions due to Delta variant https://cc87portedoc.com/europe-adds-travel-restrictions-due-to-delta-variant/ https://cc87portedoc.com/europe-adds-travel-restrictions-due-to-delta-variant/#respond Thu, 15 Jul 2021 00:24:36 +0000 https://cc87portedoc.com/europe-adds-travel-restrictions-due-to-delta-variant/ Many people avoided travel during the summer of 2020 in an effort to stay safe and conserve funds at a time when the economy was still quite fragile. This summer, more and more Americans are planning to travel, and if your personal finances are in order, you might want to get on a plane and […]]]>


Many people avoided travel during the summer of 2020 in an effort to stay safe and conserve funds at a time when the economy was still quite fragile. This summer, more and more Americans are planning to travel, and if your personal finances are in order, you might want to get on a plane and cross the ocean to Europe.

The good news is that many European countries welcome American tourists. The bad news is that due to the Delta variant of COVID-19, which is now wreaking havoc around the world, some countries are imposing additional restrictions.

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Nightlife can be off the table

According to CNBC, a number of European countries are issuing new guidelines in an attempt to prevent the spread of the Delta variant. In parts of Spain, namely Catalonia and Valencia, new restrictions have been announced, including the closure of most nightclubs. Tourist regions also impose capacity limits on social gatherings.

Meanwhile, in an effort to keep the Delta variant at bay, the Netherlands announced late last week that it would have to reimpose rules on bars and restaurants and shut down nightclubs completely, some just days after their reopening.

On a related note, the Wall Street Journal reports that France and Greece have both announced plans to make coronavirus vaccines mandatory for healthcare workers. And France will only allow people who have been vaccinated to enter bars, restaurants and shopping malls.

Know the rules

If you are hoping to travel to Europe this summer, familiarize yourself with the restrictions imposed by any country you wish to visit. For example, Spain has reopened but only allows Americans who can provide proof of vaccination. (There is an exception for children who are not old enough to be vaccinated, but they will need to show a negative COVID test to be allowed entry.)

Read each country’s rules carefully before making any plans. You may also want to work with a travel agent, who may be more familiar with the latest regulations and requirements.

Budget accordingly

You may end up incurring additional expenses if you travel to Europe this summer, especially if you visit a country that requires you to quarantine for a period of time upon arrival. This is why it is important to establish a detailed budget for your trip. Understanding your costs could help you avoid going into debt.

At the same time, it is beneficial to use a travel rewards credit card when booking your trip. The right card can help you earn additional airline miles and hotel points while providing cost-effective benefits like free checked baggage.

Finally, you may want to consider purchasing travel insurance for your European adventure, even if you book your trip with a travel reward card. Make sure you read the fine print of this policy carefully to see what its COVID-related coverage entails.

If you choose to visit Europe this summer, it might end up being a different experience than you imagined. Understand any restrictions you might face in order to determine whether it’s worth taking a trip now or perhaps waiting for things to improve.



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French Financial Authority publishes potential crypto regulatory proposals https://cc87portedoc.com/french-financial-authority-publishes-potential-crypto-regulatory-proposals/ https://cc87portedoc.com/french-financial-authority-publishes-potential-crypto-regulatory-proposals/#respond Wed, 14 Jul 2021 06:58:34 +0000 https://cc87portedoc.com/french-financial-authority-publishes-potential-crypto-regulatory-proposals/ The French stock exchange regulator has released a series of proposals calling for more oversight and regulation that could affect the crypto market. The French stock market regulator, the Autorité des Marchés Financiers (AMF), has put forward new proposals that could result in a greater supervisory authority for the crypto market. The organization published a […]]]>


The French stock exchange regulator has released a series of proposals calling for more oversight and regulation that could affect the crypto market.

The French stock market regulator, the Autorité des Marchés Financiers (AMF), has put forward new proposals that could result in a greater supervisory authority for the crypto market. The organization published a notice on July 13, stating that it had published the main proposals as part of the European Commission’s consultation on prudential convergence.

The proposals offer a broad view of what the AMF would like to do in terms of oversight and regulation, but crypto could be an important part of the change. He described the objective of the proposal as allowing the European Securities and Markets Authority (ESMA) “a greater role in order to achieve harmonized and unified supervision, ensuring a level playing field while minimizing the possibility of regulatory arbitration “.

He lists four major action points in his suggestion to create a level playing field for all market players and minimize regulatory arbitrage. One of them is the centralized supervision within ESMA for new unregulated activities and “of certain categories of entities and activities due to their cross-border nature, or their significant or systemic impact” . Perhaps this could be the cryptocurrency market he is referring to, but the example given in the notice is that of European clearing houses.

Of course, none of this explicitly indicates that European agencies are considering changes to tame the crypto market. But given the general seriousness with which governments are currently examining the crypto market, it wouldn’t be impossible for European agencies to improve their game.

At the start of the year, in June, the AMF amended its general regulations and updated its policy in order to strengthen its system for combating money laundering and the financing of terrorism. It has also, like the UK’s Financial Conduct Authority, warned the public against the crypto market, but the AMF specifically mentioned crypto-derivative platforms.

Europe seeks to regulate the crypto market

Along with the US, UK, Canada, South Korea, Japan and China, EU members are currently working on how to impose regulation on the crypto market. . The market has gained enough traction and attraction from top-tier investors that the authorities have no choice but to start addressing the oversight issues. Christine Lagarde of the European Central Bank has called for global regulation of bitcoin.

Like these countries, the European authorities are considering major exchanges, of which Binance is one of the priority targets. When it comes to each country, the rules vary quite differently from country to country.

European regulators have reportedly examined stock tokens on Binance for a potential violation of securities rules. Binance argued that exchange tokens do not need prospectuses. The exchange also had to suspend payments for major European SEPA payment networks, citing events beyond its control.



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