Wednesday, 6 November 2013

EU to recover at tepid pace, but strong euro a headache

EU to recover at tepid pace, but strong euro a headache
Presenting its autumn outlook in Brussels, the EU executive on Tuesday warned economic recovery in the bloc would still be volatile while continuing into the second half of the current year.
The European Commission said it expected the region's economy to expand by 0.5 percent throughout the second half of 2013, but added that growth would be flat for the whole year.
It also predicted ongoing recovery from recession for the 17 nations using the euro. It added, though, that growth would be posted only in quarterly terms, while for 2013 as a whole the eurozone's economy would dip by 0.4 percent before gaining 1.1 percent in 2014.
Expensive exports
The EU executive statedthat growth would not be substantial enough to lead to fundamental changes in the euro area's employment situation, saying the zone's overall jobless rate would remain at a record-high 12.2 percent this year and next.
The outlook pointed out that France and Spain were unlikely to get on top of their public deficit problems. It expected Paris to miss an EU deadline to bring its deficit below 3 percent of gross domestic product by 2015. Madrid for its part could see its deficit fall to 5.9 percent next year, but a renewed rise to 6.6 percent would set in in 2015, the Commission predicted.
Brussels noted that the euro would appreciate at a fast pace in 2014, too, meaning the stronger currency would make exports more expensive and could dampen the bloc's aspirations to crank up the economy.

German carmaker BMW on track for new sales volume record

German carmaker BMW on track for new sales volume record
Munich based German carmaker BMW appeared confident of meeting full-year targets when presenting its third-quarter earnings report on Tuesday.
It said business had developed favorably in the three months to September, leaving the company with a 3.2-percent increase in net profit, amounting to 1.33 billion euros ($1.8 billion).
Underlying profit fell by 3.7 percent, though, with BMW attributing the drop to 'increased personnel costs and growing competition.' On top of that, the car maker continued to make heavy investments into new technologies such as those employed in its i3 electric vehicle.
Overseas sales in focus
'Figures for both the third quarter and the nine-month period have developed positively despite a higher level of expenditure on new technologies and a challenging market environment in Europe, CEO Norbert Reithofer said in a statement.
'We have recorded best-ever worldwide sales figures to date,' he said, adding that the company was continuing to target sales volume growth 'in the single-digit percentage range and hence a new sales record.'
The company stated growth forecasts applied to its three brands BMW, Mini and Rolls-Royce.

Aguero, Negredo fire Man City into last 16

Aguero, Negredo fire Man City into last 16
Sergio Aguero claimed a brace and Alvaro Negredo a hat-trick as Manchester City outclassed CSKA Moscow 5-2 on Tuesday to book a place in the Champions League knockout phase.
City picked up where they had left off in their 7-0 demolition of Norwich City at the weekend, with Aguero scoring twice and Negredo adding another to put the home side 3-0 up inside 30 minutes at the Etihad Stadium.
Defensive inattention allowed Seydou Doumbia to twice reduce the arrears, but Negredo completed his treble in the second half to send City into the last 16 for the first time in the Champions League era.
Victory left Manuel Pellegrini's side six points clear of CSKA with two games to play in Group D, but they cannot be overtaken by the Russian champions due to a superior head-to-head record.
CSKA, who were hit with a partial stadium ban by UEFA for racist chanting aimed at City midfielder Yaya Toure in the reverse fixture, are left to scrap over a Europa League place with Czech side Viktoria Pilsen.
City manager Pellegrini kept faith with the team that had annihilated Norwich on Saturday, which meant that Joe Hart was once again on the bench with second-choice goalkeeper Costel Pantilimon in goal.
CSKA were missing a number of first-team players due to injury, including Alan Dzagoev, Vasili Berezutsky and Mario Fernandes, and there were less than three minutes on the clock when they fell behind.
Former Manchester United player Zoran Tosic was in the visitors' XI and will not have endeared himself to fans of his old club by sliding in on David Silva and conceding a penalty from which Aguero put City ahead.
Doumbia fired a warning shot over the bar for CSKA after Gael Clichy miscued an attempted clearance, but City were soon back on the front foot and saw Silva ripple the side-netting.
With Silva and Samir Nasri pulling the strings, some of City's approach play was delightful, and their second goal, in the 20th minute, was a fine effort.
Nasri clipped a penetrative pass down the inside-left channel and Aguero left Aleksei Berezutsky for dead with a superb, sharp turn before steering home his eighth goal in five games.
Pantilimon had an anxious moment when he flapped at a deflected free-kick, but after Toure had curled narrowly wide, Negredo touched in Aguero's low cross to make it 3-0.
There was further bad news for CSKA when Ahmed Musa had to go off with an injury, but Doumbia gave the visitors a glimmer of hope when he rounded Pantilimon to pull a goal back in first-half stoppage time.
City were quick to restore their three-goal advantage in the second half, however.
In the 51st minute Toure floated a delicate pass over the top of the CSKA defence and Nasri knocked a volleyed pass into the path of Negredo for the Spaniard to walk in his second goal.
Silva departed to a standing ovation with 25 minutes remaining, but once again City were guilty of presenting their opponents with a foothold in the game.
Clichy was at fault on this occasion, hauling Doumbia down after being nutmegged on the left-hand edge of the City area, and the Ivorian converted the resulting penalty to reduce the arrears.
Visiting goalkeeper Igor Akinfeev saved from Negredo, Aleksandar Kolarov and Aguero, before Negredo completed his first City hat-trick in injury time with a back-post header from a James Milner cross.

Van Persie misses penalty & Fellaini sent off as Red Devils stutter

Van Persie misses penalty & Fellaini sent off as Red Devils stutter
Manchester United were left to rue a succession of individual errors after being held 0-0 by Real Sociedad on Tuesday.
Robin van Persie missed a penalty and Marourane Fellaini was sent off as United saw their four-game winless run away from home in the Champions League continue.
The point was Real Sociedad's first of this season's competition and keeps their slim hopes of qualifying for the knockout stages alive given Bayer Leverkusen and Shakhtar Donetsk also drew.
United remain top of Group A with eight points, but will feel they should have taken all three with Javier Hernandez also guilty of missing an open goal.
The hosts made four changes from their 5-0 victory over Osasuna on Saturday as Markel Bergara, Alberto de la Bella, Mikel Gonzalez and Imanol Agirretxe all started having been on the bench at the weekend.
David Moyes opted to field Hernandez up front with Wayne Rooney as opposed to Van Persie, the Dutchman named among the substitutes. Hernandez was one of six changes for United from their victory over Fulham in the Premier League.
The visitors started confidently and pressed Sociedad high up the pitch, creating the first chance of the match in the 10th minute.
Shinji Kagawa released Patrice Evra down the left-hand side, the Frenchman found Rooney inside the penalty area and he flicked the ball back to the Japan international to fire a deflected shot wide.
It took the best part of half an hour for Sociedad to create an opening that came after David Zurutuza broke down the right.
The midfielder pulled his cross back to Agirretxe on the penalty spot, but he skewed his effort well wide of David de Gea’s goal.
United should have taken the lead early in the second half, but Hernandez was guilty of missing an open goal in the 50th minute.
Kagawa shifted the ball past Carlos Martinez and delivered a low cross into the unmarked Mexican, but he ballooned his effort over the bar from six yards.
The visitors’ frustration continued just after the hour as Van Persie – introduced in place of Rooney – struck the post with his first touch after an excellent cross from fellow substitute Ashley Young.
The Netherlands international striker was given another opportunity to score four minutes later after Bergara was adjudged to have pulled back Young inside the penalty area.
Van Persie’s spot-kick beat Claudio Bravo but struck the post and was cleared to safety by the Sociedad defence.
Fellaini spoiled United's night with his late dismissal after a second yellow card following a challenge on Zurutuza.

Katy Perry crowned most popular Twitter user

Katy Perry crowned most popular Twitter user
Katy Perry is the most popular person on Twitter.
The 'Roar' hitmaker became the undisputed queen of the social network over the weekend, knocking teen idol Justin Bieber off the top spot when her followers crept up to 46.54 million, compared to Justin's 46.51 million.
Katy also has the edge over the 19-year-old 'Baby' singer on Facebook, boasting 59.26 million friends to Bieber's 57.28 million.
Justin originally took the crown from Katy's chart rival Lady Gaga in January. The 'Applause' singer, whose current Twitter tally stands at 40.40 million, had previously held top position for two years. 
According to website twittercounter.com, US President Barack Obama and country singer Taylor Swift round out the top five of the most followed people on the social media site.
Katy credits her popularity online with staying positive and ignoring her haters.
She previously said: 'I don't know they exist because I don't give them attention. If you tried to please everyone, you'd have no sense of self. You'd lose yourself in the process of being a people-pleaser and there'd be nothing unique left.'
The 28-year-old pop star also revealed her biggest tip is to never drink and tweet.
She joked: 'When you decide to have a glass of wine, put the phone down. Don't drink and tweet

Tens of billions of planets out there are like Earth, study finds

Well, based on sheer numbers, there may be a planet just for you.
Astronomers at the University of California-Berkeley and the University of Hawaii, using data from NASA's Kepler space telescope, estimate there are tens of billions of Earth-size, possibly habitable planets in our Milky Way galaxy.
Given that there just more than 7 billion of us on this planet, that means a planet for each of us with some spares for your picky neighbors. Or a vacation planet or two for you, maybe.
And the closest may be circling a star you can see if you look up into the heavens tonight.
"When you look up at the thousands of stars in the night sky, the nearest sun-like star with an Earth-size planet in its habitable zone is probably only 12 light years away and can be seen with the naked eye. That is amazing," UC Berkeley graduate student Erik Petigura, the leader of the team that analyzed data from the Kepler, said in a press release.
To be sure, the astronomers haven't seen any of the planets themselves. They came to their conclusions like this:
Photos: Where life might live beyond EarthPhotos: Where life might live beyond Earth
The Kepler telescope photographed 150,000 of the 300 billion stars in the Milky Way every 30 minutes for four years. It looked for when orbiting planets passed between the camera and the star, causing a slight change in brightness of that star. Analyzing the data, the astronomers say, they found 3,000 planet candidates.
The astronomers narrowed that number by focusing on just 42,000 stars like our sun or a bit cooler. That brought the number of planets down to 603. But only 10 of those were about the size of Earth in the so-called "Goldilocks zone," just the right distance from the star where temperatures are suitable for life as we know it.
So how did they get a number of planets in the billions? By using a computer model with fake planets to test the validity of the algorithms used in the calculations.
"What we're doing is taking a census of extrasolar planets, but we can't knock on every door. Only after injecting these fake planets and measuring how many we actually found could we really pin down the number of real planets that we missed," Petigura said in the press release.
Using the data, the astronomers calculated that 22% of stars in the Milky Way similar to our sun have planets like Earth in their "Goldilocks zone." As there are about 20 billion stars similar to the sun in the galaxy, the possibilities add up quickly -- more than one for each of us Earthlings.
The researchers do caution, though, that despite being in the habitable zone, a planet could still not be right to host life.
"Some may have thick atmospheres, making it so hot at the surface that DNA-like molecules would not survive. Others may have rocky surfaces that could harbor liquid water suitable for living organisms. We don't know what range of planet types and their environments are suitable for life," Geoffrey Marcy, UC Berkeley professor of astronomy, said in a press release.
But the study gives researchers a number to work with.
"The primary goal of the Kepler mission was to answer the question: When you look up in the night sky, what fraction of the stars that you see have Earth-size planets at lukewarm temperatures so that water would not be frozen into ice or vaporized into steam, but remain a liquid, because liquid water is now understood to be the prerequisite for life," Marcy said. "Until now, no one knew exactly how common potentially habitable planets were around Sun-like stars in the galaxy."
The new study is published in the Proceedings of the National Academy of Sciences and was discussed this week at the second Kepler Science Conference, being held at NASA's Ames Research Center in Moffett Field, California.

Also at the gathering, scientists announced the Kepler telescope has found 833 new candidate planets, including 10 that are of the right size and right distance from their stars to host life, adding to ones previously confirmed. That brings the official list to 3,538 planet candidates found using Kepler, according to a NASA press release. Of those, smaller Earth-sized planets are most common, NASA said.

BOX OFFICE: Top 15 Openers; ‘Krrish 3′ At No. 7

KrrishBONew
MUMBAI: ‘Krrish 3′ – the superhero arrived, on the auspicious day of Dhanteras. While the entire country geared up for 5 days of festivity and celebration, the Roshan camp too has something to celebrate about.
Directed by Rakesh Roshan, ‘Krrish 3′ starring Hrithik RoshanPriyanka ChopraKangana Ranaut and Vivek Oberoi had a very good Day 1 at the Box office.
The film collected approximately Rs 190 million (Rs 19 crore) net (Hindi only) on opening day. This puts the film seventh in the list of All Time top opening days.
1. Chennai Express (2013) – Rs 330 million (Rs 33 crore)
2. Ek Tha Tiger (2012) – Rs 320 million (Rs 32 crore)
3. Agneepath (2012) – Rs 217 million (Rs 21.70 crore)
4. Dabangg 2 (2012) – Rs 210 million (Rs 21 crore)
5. Bodyguard (2011) – Rs 210 million (Rs 21 crore)
6. Yeh Jawani Jai Deewani (2013) – Rs 197.5 million (Rs 19.75 crore)
7. Krrish 3 (2013) – Rs 190 million (Rs 19 crore)
8. Besharam (2013) – Rs 189 million (Rs 18.9 crore)
9. Jab Tak Hai Jaan (2012) – Rs 152.5 million (Rs 15.25 crore)
10. Rowdy Rathore (2012) – Rs 152.5 million (Rs 15.25 crore)
11. Race 2 (2013) – Rs 150 million (Rs 15 crore)
12. Ra.One (2011) – Rs 147 million (Rs 14.70 crore)
13. Dabangg (2010) – Rs 145 million (Rs 14.50 crore)
14. Housefull 2 (2012) – Rs 137.5 million (Rs 13.75 crore)
15. Don 2 (2011) – Rs 135 million (Rs 13.5 crore)
With a long weekend looming ahead, and the history of Diwali releases doing well at the box office, the film looks poised to perform fantastically.