Germany's second biggest energy company, RWE, saw profits from its core coal and gas business plummet again in the first nine months of the year, it said Thursday.

In Frankfurt, shares in RWE tanked over 8 percent to 11.44 euros after it said 2015 profits would "only just" meet the company's forecast range of 1.1-1.3 billion euros.

Like other German power giants, RWE has been hit by rock-bottom wholesale prices as it competes against subsidised renewables like wind and solar power.

RWE, Germany's largest electricity producer, however saw its net profit boosted to 1.94 billion euros ($2.08 billion), against 994 million a year ago, by the sale of oil and gas exploration division RWE Dea.

The sale allowed the RWE Group to reduce its huge debt to 25.8 billion euros on September 30.

However, data reflecting the utility's ongoing business operations again looked bleak.

Published: 12 November 2015

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Slovenia began erecting razor wire along the border with fellow EU member Croatia on Wednesday in a move the government says will help it better manage a record influx of migrants.

Slovenia last month suddenly found itself on the Balkans route taken by thousands of migrants heading to northern Europe after Hungary sealed its borders with Croatia and Serbia.

More than 180,000 passing have passed through the small EU member state of two million people since mid-October, all but a handful heading for Austria and beyond.

"We have started erecting technical obstacles on the southern border in two areas," Interior Ministry spokesman Bostjan Sefic said at a news conference in Ljubljana.

He said the barriers near the towns of Brezice and Razkrizje would initially remain in place for six months.

In total, Ljubljana plans to fence off 80 kilometres (50 miles) of its 670-kilometre frontier with Croatia, Austria's chancellery said Wednesday after a meeting with Slovenian Foreign Minister Karl Erjavec in Vienna.

Published: 11 November 2015

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A spectacular pink diamond, the largest of its kind to ever appear at auction, goes under the hammer in Geneva on Tuesday, with an expected sale price of more than $23 million (21.4 million euros).

The precious jewel's anticipated sale by Christie's is part of a week of auctions that could see another coloured gemstone set a new world record.

That stone, a 12.03-carat blue diamond described by experts as flawless, is being sold by rival auction house Sotheby's on Wednesday, possibly fetching a record $55 million.

"Coloured diamonds...have seen sustained growth during the last few years. Partly because of their great rarity, but equally because of their beauty," said David Bennett, head of Sotheby's international jewellery division.

Christie's 16.08-carat pink diamond is the largest cushion-shaped stone classified in the elite "fancy vivid" category to come to auction.

Rahul Kadakia, the International Head of Jewellery at Christie's, told AFP that the stone dubbed "In the Pink" could end up selling for more than $30 million.

He noted that the record price per carat for a pink diamond was set in December 2009 by Christie's in Hong Kong, when a five-carat stone sold for more than $10 million.

If In the Pink, owned by an American family for the past 15 years, matches that mark, it could fetch more than $32 million he said.

The jewel, he added, has been priced "well below what it is actually worth."

Published: 11 November 2015

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Cowboy-hat wearing Wellington Jighere from Nigeria crushed his English opponent 4 - 0 at the World Scrabble Championship in Australia to become first African to bag the word game's global title.

Jighere was among more than 120 competitors who travelled to Perth for the World English-language Scrabble Players' Association Championship, which culminated in Sunday's best-of-seven final against England's Lewis Mackay.

"He had to battle for four days to emerge on top but once he got there -- maybe he was a little fresher, or got a bit of luck -- everything fell into place for him and he won four-nil," Adam Kretschmer, one of the organisers of the event, told AFP of Jighere's effort.

The Nigerian used such high-scoring words as "fahlores", "avouched" and "mentored" as he puzzled his way to victory.

"It is the first time that an African has won in these world championships," Jighere told The Guardian after the win.

But he conceded that: "Nigel is still the master. It just happens that today was my day."

It was a reference to New Zealander Nigel Richards who dominates English-language Scrabble, with three world championships, five North American titles and 11 wins at the prestigious King's Cup in Thailand, sponsored by the Thai royal family.

Richards stunned the francophone world in July when he also won the game's French version even though he doesn't speak the language and only spent nine weeks studying the official Scrabble dictionary.

Published: 09 November 2015

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Melting ice in West Antarctica is a major concern for global sea levels, and a key area may already be unstable enough to unleash three meters of ocean rise, scientists said Monday.

The study follows research out last year, led by NASA glaciologist Eric Rignot, warning that ice in the Antarctic had gone into a state of irreversible retreat, that the melting was considered "unstoppable" and could raise sea level by 1.2 meters (four feet).

This time, researchers at Germany's Potsdam Institute for Climate Impact Research pointed to the long-term impacts of the crucial Amundsen Sea sector of West Antarctica, which they said "has most likely been destabilized."

While previous studies "examined the short-term future evolution of this region, here we take the next step and simulate the long-term evolution of the whole West Antarctic Ice Sheet," the authors said in the Proceedings of the National Academy of Sciences.

They used computer models to project the effects of 60 more years of melting at the current rate.

This "would drive the West Antarctic Ice sheet past a critical threshold beyond which a complete, long-term disintegration would occur."

In other words, "the entire marine ice sheet will discharge into the ocean, causing a global sea-level rise of about three meters," the authors wrote.

"If the destabilization has begun, a three-meter increase in sea level over the next several centuries to millennia may be unavoidable."

Even just a few decades of ocean warming can unleash a melting spree that lasts for hundreds to thousands of years.

"Once the ice masses get perturbed, which is what is happening today, they respond in a non-linear way: there is a relatively sudden breakdown of stability after a long period during which little change can be found," said lead author Johannes Feldmann.

Published: 02 November 2015

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Oscar-winning director Roman Polanski on Friday said he was pleased that a Polish court decided against extraditing him to the United States to face sentencing for raping a 13-year-old girl in 1977.

 

Published: 01 November 2015

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Fresh anti-Israeli violence saw three Palestinians shot dead in the West Bank while efforts to douse tensions over Jerusalem's Al-Aqsa mosque compound by installing cameras at the site ran into trouble.

A surge of violence in the conflict showed no sign of abating as Palestinians, most of them teenagers from the powder-keg city of Hebron, staged more lone-wolf knife attacks against Israeli soldiers and clashed with troops in the occupied West Bank.

Stabbings and violent protests have become daily occurrences since simmering tensions over the status of the Al-Aqsa mosque compound in Jerusalem's Old City boiled over in early October, leaving scores dead.

On Monday night, Israel said it carried out an air strike against two Hamas targets in the Gaza Strip after a rocket fired from across the border crashed into an open field, without causing any injuries.

Of the three Palestinians that were shot dead Monday, one stabbed an Israeli soldier in the neck and another was killed while attempting a stabbing attack, the army said.

Separately, a 17-year-old was shot dead when clashes erupted near Hebron, but the cause of the protest was not given.

Monday's violence took the number of Palestinians killed in attempted attacks and clashes to 56. An Israeli Arab attacker was also killed.

And after Israel agreed on Saturday to install surveillance cameras at Al-Aqsa, which US Secretary of State John Kerry described as a "game changer", the measure quickly hit its first obstacle.

The Jordanian-run trust which administers the site, known as the Waqf, complained that when its officials showed up to install the cameras early on Monday, they were blocked by Israeli police.

"We consider the matter evidence that Israel wants to install cameras that only serve its own interests," said Waqf.

Israeli Prime Minister Benjamin Netanyahu hit back in a statement, arguing arrangements to install the cameras "were supposed to be coordinated at the professional level".

When announcing the agreement, Kerry said Jordanian and Israeli technical teams would have to meet to discuss its implementation.

But Sheikh Azzam al-Khateeb, head of the Waqf, said it was Jordanian King Abdullah II who had made the decision to go ahead with the installation.

"There is no other authority in the mosque except the administration of the Jordanian Islamic Waqf... no one has the right to (carry out) this action except the Waqf administration," Khateeb told AFP.

Published: 27 October 2015

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An exceptionally rare watch worn by an American astronaut on the Moon which bears remnants of lunar material has sold for more than $1.6 million, a US auction house said Friday.

Dave Scott, the commander of the 1971 Apollo 15 mission, wore the Bulova Chronograph while conducting experiments on the Moon after his standard-issue Swiss Omega became damaged.

It is the only watch worn on the Moon in private hands and was bought by a Florida businessman in a frenetic, 12-minute bidding war with a rival in Britain, said Boston-based RR Auction.

It is also the only American-made watch worn on the Moon and its $1,625,000 price smashed the auction house's pre-sale estimates of $750,000 to $1 million.

It was exposed to the lunar surface for more than four hours, and bears remnants of chalky, ash-type lunar material on its band and scratches on its face, the auction house said.

"It's worth what it sold for," Bobby Livingston, Executive VP at RR Auction, told AFP. The watch "played a major role in the safety of the mission," he added.

The dozen American men who have walked on the moon all wore NASA-issued Omega Speedmasters, which are considered US government property, and many are housed in institutions.

Omega won the contract to equip the Apollo program, bidding against five or six other companies, but Bulova was determined to get NASA to change their mind, testing their watch rigorously against the Speedmaster, Livingston said.

After he returned to the cabin following his second moonwalk, Scott saw that the crystal of his Omega had popped off, so for his third moonwalk, he strapped on his personal backup, the Bulova.

- Amazing scratches -

Published: 24 October 2015

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German automaker Daimler, constructor of the luxury Mercedes brand, on Thursday saw record unit sales on best ever quarterly earnings, lifting third-quarter operating profit by almost one third.

The strong sales showing indicated Daimler has so far managed to remain above the turbulence generated by the emissions-cheating scandal at troubled Volkswagen.

Net profit slid 15 percent on the same period last year to 2.4 billion euros ($2.39 billion), but factored into that were exceptional financial items and last year's one-billion-euro sale of Daimler's stake in a Rolls-Royce power systems unit.

The Stuttgart-based group said it sold 720,000 units -- 13 percent more than in the July-September period last year, lifting revenues to 37.3 billion euros and operating profits, or those earned from a firm's normal core business operations, by around one third to 3.6 billion euros -- beating analysts' forecasts of 3.4 billion.

Chairman Dieter Zetsche, said in a statement the results "speak for themselves".

"We achieved a return on sales of 10 percent in the automotive business in the third quarter, and proved once again that we are pursuing the right strategy and are progressing with the right products and technologies," he said.

Daimler said the group expected adjusted earnings before interest and tax from ongoing business to be significantly higher for the year as a whole than in 2014 even in a global market it saw as "heterogenous" for the coming months with Chinese demand notably on the slide as well as in Brazil and Russia.

The group said it believes that North America and Western Europe will in contrast make a "positive contribution" to its operations.

Published: 22 October 2015

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The European Union is expected to approve FedEx's 4.4-billion-euro ($4.8 billion) deal to buy Dutch rival TNT Express, a key tieup for the e-commerce delivery business, the companies said.

Brussels opened an investigation in July citing concerns the deal would lead to higher prices for consumers who are increasingly buying online and getting packages delivered directly to them.

"The internal deadline of the European Commission for issuing a Statement of Objections would have expired on 23 October 2015, but FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued," they said in a statement.

Published: 21 October 2015

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