Samsung earnings plunge by 30%

Samsung Galaxy tabSamsung has launched new products in an attempt to retain its market share
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Samsung Electronics’ has reported its lowest quarterly profit in almost two years as demand for its products continues to fall.

Net profit for the first three months of the year stood a 2.78 trillion won ($2.6bn; £1.6bn) a 30% drop compared with the same period last year.

The electronics maker has been hit hard by weak demand and falling prices of TVs and LCD panels.

Samsung is the world’s largest maker of memory chips and flat screens.

The problems of falling sales and weak prices have been compounded by the strengthening South Korea’s currency.

The Korean won has risen by almost 11% against the US dollar since June last year.

A stronger currency not only makes Korean products more expensive compared with its competitors in the region, it also hurts companies when they repatriate their foreign earnings back home.

Analysts have warned that if the Korean currency continues to rise, it will have a negative impact on the company.

“The firming won is a concern. Should the won fall below 1,050 won per dollar, it may cause trouble.” said Kim Sung-In of Kiwoom Securities.

However, there was optimism among analysts that Samsung’s trading performance would improve throughout the rest of the year.

“We expect the second quarter to be better than the first quarter. Semiconductors will lead the growth of the business,” said Kim Young-Chan, fund manager at Shinhan-BNP Paribas Asset Management.

Kim Jang-Yeul, analyst at Mirae Asset Securities, added: “There are some concerns about foreign exchange rates, but Samsung’s operating profits will likely improve.”

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Arrests over ‘effigy beheadings’

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Three people believed to be planning to behead effigies at the royal wedding have been arrested in London.

Two men, aged 68 and 45, and a woman, 68, were detained by police in Brockley, on Thursday night.

It is understood a guillotine was seized during the incident in Wickham Road. The suspects are being held at a south London police station.

The Met say they are held on “suspicion of conspiracy to cause a public nuisance and breach of the peace”.

“It is believed that those arrested were planning to attend the royal wedding,” a spokesman said.

Police had warned earlier that officers would carry out pre-emptive operations to combat potential trouble on the royal wedding day.

The latest arrests came after three raids at suspected London squats, leading to 19 arrests, on Thursday.

Scotland Yard said the raids were not directly connected to the event, but had been brought forward because of the wedding.

However, Labour MP John McDonnell, who represents Hayes and Harlington in west London, said he believed they had been “disproportionate” and were simply a “pre-emptive strike”.

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Obama issues storm recovery vow

Tornado

Tornado video – first clip courtesy Chris England/Crimson Tide Productions

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President Barack Obama has said the US government will do everything it can to help communities recover from devastating tornados which have killed at least 280 people in the south-east.

At least 194 people died in Alabama, where Mr Obama will visit on Friday.

The president hailed rescue workers and said he stood with every American affected by the “catastrophic” storms.

A state of emergency has been declared in seven states, and federal aid money is being sent to Alabama.

Deaths and widespread devastation are also reported in Tennessee, Mississippi, Georgia and Virginia.

Speaking at a new conference at the White House, Mr Obama said: “The loss of life has been heartbreaking, especially in Alabama.

“In a matter of hours, these deadly tornadoes, some of the worst we have seen in decades, took mothers and fathers, sons and daughters, friends and neighbours, even entire communities.

Confirmed deaths by stateAlabama: 194Mississippi: 33Tennessee: 33Georgia: 14Virginia: 5Kentucky: 1

Source: Associated Press, BBC reporting

In pictures: Deadly US storms

“In many places the damage to homes and businesses is nothing short of catastrophic,” he said.

The president said he would travel to Alabama to meet those leading the emergency response and families who are “reeling from the disaster”.

“I want every American who has been affected by this disaster to know that the federal government will do everything we can to help you recover, and we will stand with you as you rebuild,” he said.

The US National Weather Service has reports of nearly 300 tornadoes since the storms began on Friday, more than 150 of them on Wednesday alone.

In Alabama, as many as one million people were without power on Thursday morning, as emergency workers and 2,000 soldiers scoured the wreckage for survivors.

Many people were picking through the remains of destroyed homes.

Governor Bentley said he expected the death toll to rise as more bodies were discovered.

One of the worst-hit towns was Tuscaloosa, which was struck by a massive tornado.

Mayor Walter Maddox said after an aerial tour that it had torn a streak of “utter destruction”.

Louise Lear with the latest on the US tornados

Storms lash southern US

“We have neighbourhoods that have been basically removed from the map,” he said.

The city’s emergency building was one of those destroyed, Associated Press reported.

One Tuscaloosa resident, Angela Smith, whose neighbour was killed, told Reuters: “I made it. I got in a closet, put a pillow over my face and held on for dear life because it started sucking me up.”

Another town, Hackleburg, was reported to be “90% destroyed”.

The mayor of Birmingham, William Bell said “whole neighbourhoods of housing, just completely gone. Churches, gone. Businesses, gone… [it] seems like a bomb has been dropped”.

The storms forced the Tennessee Valley Authority to close three nuclear reactors at a power plant in Alabama. Hundreds of thousands of homes have lost power as a result.

Mississippi reported 33 deaths on Tuesday and Wednesday. In Smithville, Mississippi, many buildings were ripped open, including a church, the city hall and the post office.

At least 14 people have been killed in Georgia and five in Virginia.

The current storm system is forecast to hit North and South Carolina before making its way further north-east.

BBC storm map

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Syrians appeal for ‘day of rage’

Protests in the southern town of Nawa, 27 April 2011Anti-government protests in Syria have grown over the past six weeks

Syrian activists are calling for further popular protests in the face of a security crackdown that they say has left hundreds dead.

Among those reported to be joining the appeal to stage a “day of rage” were the Islamist Muslim Brotherhood.

Demonstrations expected after Friday prayers would express solidarity with the city of Deraa, a focus of unrest.

There has been growing international criticism of the Syrian regime’s response to protests.

EU officials are due to meet in Brussels on Friday to discuss sanctions against President Bashar al-Assad’s regime, while the UN Human Rights Council is expected to hold an urgent meeting in Geneva on Syria.

Human rights activists in Syria say at least 500 people have died in six weeks of protests against the government of President Assad’s regime.

Analysis

The situation in Deraa is clearly becoming increasingly desperate. Around 120,000 people are trapped there.

Since Monday, they’ve been isolated by thousands of government troops and dozens of tanks. Water, electricity and phones have been cut off all that time. There are no medicines, and no access to medical facilities.

Demonstrations and shootings are reported from other parts of the country, with some Syrians even fleeing into Lebanon on foot to get away.

The ruthless crackdown has led more than 200 members of the ruling Baath Party to resign, most of them from the Deraa area. They said the security forces had destroyed all the values they had been brought up with. These are not national figures, but the public resignation and ringing denunciation was a rare sign of dissent from within the system.

A notice on the Facebook page Syrian Revolution 2011 called for a “Friday of Anger”.

“To the youths of the revolution, tomorrow we will be in all the places, in all the streets,” it said.

“We will gather at the besieged towns, including with our brothers in Deraa.”

The Muslim Brotherhood also called on people to take to the streets, in a statement sent to Reuters news agency.

“Do not let the regime besiege your compatriots,” said the statement, said to be the first direct appeal by the group. “Chant with one voice for freedom and dignity. Do not allow the tyrant to enslave you.”

There are reports that the government is also ordering state employees and party members to come out of the mosques and demonstrate in favour of President Assad.

The BBC’s Jim Muir, in neighbouring Lebanon, says one way or another, it will be a trial of strength, with the protesters saying that at this stage there can be no turning back.

In Deraa, at least 50 people are reported to have been shot dead, with some bodies still lying in the streets as it is seen as too dangerous to retrieve them.

Unverifiable video footage posted on the internet showed security forces clubbing a dead body in the street before dragging it away.

Witnesses said water, communications and power had been cut off.

Deraa is the southern city in which political protests began in Syria six weeks ago. A military crackdown was launched there on Monday, with security forces backed by tanks forcing their way into the centre of the city.

Syrian authorities say they are acting to restore security.

Foreign journalists have been banned from Syria and reports from inside the country are difficult to verify.

There are unconfirmed reports of divisions within the security forces and of soldiers refusing orders to fire on protesters.

On Wednesday, 200 members of Syria’s ruling Baath party resigned after issuing an angry public statement denouncing the repression.

The resignations – mostly from around Deraa – follow those of 30 Baath officials from the coastal city of Baniyas, north-west of Damascus.

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Woman charged over Kilkeel murder

Rooney Park murder sceneThe scene of the murder at Rooney Park in Kilkeel
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Police have been given a further 36 hours to question a 28-year-old man arrested over the murder of a Ukrainian man in Kilkeel last Saturday.

Dmytro Grysunov, 29, was shot dead at Rooney Park during a clash between two groups of foreign nationals.

The 28-year-old suspect was arrested on Tuesday. A 32-year-old woman remains in custody in relation to the shooting.

Three men aged 31, 36 and 26 have been released on police bail pending further enquiries.

Police want to question two other men, including Devidas Paliutis who was freed in error from Maghaberry Prison last autumn and has been on the run since.

It is believed a dispute between the two groups started when a house was attacked at Haywood Way at 2100 BST on Saturday.

The trouble then moved to Rooney Park, where at least two shots were fired in the street.

The attackers then fled the scene on foot.

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More US Wal-Marts to stock guns

The back of a Wal-Mart employee at one of its stores Wal-Mart stopped selling guns at about 500 of its 3,600 US stores in 2006
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Wal-Mart has said it will soon bring back the sale of firearms, including rifles and shotguns, at more than 500 of its US stores.

The retail giant stopped selling guns at hundreds of its 3,600 US stores in 2006, citing slumping consumer demand.

But a spokesman said guns would return to the shelves as “part of the overall push to bring 8,000 products back”.

Thursday’s news comes two months after Wal-Mart announced a seventh straight quarterly decline in US sales.

Wal-Mart will be stocking more merchandise in a wide range of its stores in an effort to “offer customers the broadest assortment of our products possible”, spokesman Lorenzo Lopez told the BBC.

He added that firearms would be part of that push, which he said had been planned for months.

“A few years back… we were trying to streamline the assortment,” Mr Lopez said, referring to the decision in 2006 to cease stocking firearms in many Wal-Mart stores.

Wal-Mart currently sells rifles, shotguns and ammunition at about 1,000 of its locations in the US.

That will rise to roughly half its 3,600 US stores under the changes outlined on Thursday.

Mr Lopez said Wal-Mart was focusing on areas of the country where hunting and fishing are popular.

Federally-tracked gun sales grew more than 12% in the first quarter of 2011. However, growth has mainly been seen in handguns, which Wal-Mart does not carry.

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Energy boost

Man napping at deskNot the best napping technique

Air traffic controllers in the US have been advised to take 26-minute naps, after a string of incidents involving workers falling asleep. So is 26 minutes the ideal length of time for a nap?

Five cases of air traffic controllers falling asleep on the job have been revealed since March.

In three of those cases, disclosed by the Federal Aviation Association, workers have been fired.

Now the National Transportation Safety Board (NTSB) is calling for “controlled naps” to be built into nightshifts.

Referring to a 1995 study from NASA which he co-authored, NTSB member and fatigue expert Mark Rosekind said that a 26-minute nap would improve performance by 34% and alertness by 54%.

The answerExperts differ on the ideal length of a napSome say between 20 and 30 minutesOthers believe napping beyond 20 minutes risks you feeling groggy afterwardsDrinking a cup of coffee before the nap can help you wake in about 20 minutes

There was other supporting evidence that said naps of between 20 minutes and 30 minutes were beneficial, he said.

His call for work naps is supported by the controllers’ union, which wants naps to be allowed in both overnight and day shifts.

Beyond the aviation industry, combating fatigue is an issue that affects many people across all professions, working day and night, although it carries obvious risks in jobs that involve motoring or machinery.

But other experts are doubtful that 26 minutes is the optimum napping time.

It’s a bit too long and risks you falling into a deep sleep, says Jim Horne, director of the Sleep Research Council in the UK, which advises the government on guidelines for drivers.

“Once you get beyond 20 minutes, you risk a deep sleep and you can be much more groggy when you wake up”

Jim Horne Sleep Research Council, UK

“What we recommend is that a nap is combined with a cup of coffee so you have some caffeine, and that takes about 20 minutes to kick in.

“Have a cup of coffee and get your head down. Done together it has a more powerful effect.”

It probably works out that a nap of about 15 minutes is best, he says, because once you get beyond 20 minutes, you risk a deep sleep and you can be much more groggy when you wake up.

“A lot of people take caffeine after they wake up, but you have a window of opportunity of 20 minutes, so it will help you wake up. It works, there’s no doubt about it.”

People can’t instantly fall asleep, so it’s impossible to exactly time how long you will be asleep, he says. But even 15 minutes of dozing is beneficial.

“At least by having caffeine, you know that in 20 minutes you will feel more alert.”

If you haven’t had a wink of sleep the night before, then this tactic won’t be enough to refresh you, says Mr Horne, but for those that have had merely a poor night’s sleep, it will work.

Early or late?

Longer naps would work if they became part of your daily routine, he says, because your body would get used to it and could wake up quite easily without feeling too groggy.

Longer naps can work tooA 20-minute snooze can enhance alertnessLimit the nap to 45 minutes if you need to spring into action on wakingA 60-minute nap improves alertness for 10 hoursNaps of 90-120 minutes encompass all stages of sleep and help clear the mind

Jennifer Ackerman, author of Sex Sleep Eat Drink Dream: A Day in the Life of Your Body

Health writer Linda Wasmer Andrews, based in Albuquerque, New Mexico, also believes 26 minutes is too long. She says a nap of between 10 and 20 minutes is enough.

The timing of the nap is also important, she says. Putting your head down too early means your body may not be ready to sleep yet, but a nap that is too late in the day might make it harder to fall asleep come bedtime.

Early afternoon is often the best time, between 1-3pm, she says, when people experience a post-lunch dip in energy.

Whatever the best strategy is, it’s unlikely that the US air traffic controllers will be adopting any such tactics soon.

Transport Secretary Ray LaHood has dismissed the proposal for on-the-job naps to be implemented in the aviation industry.

He said workers would not be paid to sleep, and instead ordered for more managers be hired to supervise nightshift workers and ensure they don’t fall asleep on the job.

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Moroccans probe Marrakesh blast

Investigators at the cafeForensic teams have been scouring the scene for clues
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Morocco has launched an investigation into a bomb attack on a cafe in Marrakesh that left 14 people dead including 11 foreigners.

More than 20 others were wounded, some seriously, when the blast ripped through the Argana cafe in Djemaa el-Fna square, a popular tourist spot.

Nationalities of the foreign victims have not been confirmed, but medical sources say at least six are French.

A Marrakesh official said a suicide bomber could have caused the blast.

No group has so far said it carried out the attack.

The UK Foreign Office is investigating reports one of the victims was British.

Some earlier reports had put the death toll at 15.

The last serious attack in Morocco was in Casablanca in 2003, when 45 people – including suicide bombers – were killed.

French President Nicolas Sarkozy branded the attack “heinous, cruel and cowardly”, his office sad.

Mr Sarkozy spoke by telephone to King Mohammed IV, who ordered a “speedy and transparent inquiry” when he chaired a council of ministers at the royal palace in Fes.

Moroccan Interior Minister Taib Cherkaoui would not confirm reports of a suicide bombing but added: “I can assure you that we continue to fight terrorism with all legal means. The criminals implicated in this act will be brought to justice.”

Map

Moroccan Communications Minister Khalid Naciri told AFP news agency “this was a terrorist act” and that the country would react “with diligence”.

“Morocco is confronted by the same threats as in May 2003,” he said.

Police said checkpoints had been set up at the entrances to Morocco’s main cities. French intelligence and counter-terrorism experts are to travel to the former French colony on Friday, officials in Paris said.

Witnesses described hearing a huge explosion just before noon on Thursday that sent debris flying into the square.

“A woman was blown into the air and I saw a man completely disfigured,” a student told French news agency AFP.

“Then I saw a girl 14 or 15 years of age, she was also disfigured. The three were foreigners,” he said.

Much of the facade from the two-storey cafe was blown away and passersby dragged bodies from the rubble and tried to put out flames with fire extinguishers, witnesses said.

Morocco has remained relatively peaceful amid recent unrest in north Africa and the Arab world, but the king has pledged constitutional reforms following several largely peaceful protests over the past two months.

The UK Foreign Office said consular staff had been sent to offer assistance to any British nationals.

It said it was also aware of reports in French newspaper Le Figaro that one of the dead was British but could not verify the information.

Djemaa el-Fna square is a Unesco World Heritage site and is popular with foreign tourists, particularly Europeans.

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Scots turn out for royal wedding

Workers in St Andrews prepare for a party in the university's groundsA party in the grounds of St Andrews University is to be televised around the world

Breakfast parties and school parades are among events being held in Scotland to celebrate the royal wedding.

St Andrews, where Prince William and Kate Middleton first met, is to host a breakfast for about 1,500 people, which will be televised worldwide.

Balmoral Castle visitors will be able to watch the wedding on big screens.

However, there is expected to be a protest in Edinburgh, and a large unofficial party in Glasgow has been criticised by the local council.

Far fewer official street parties have been organised than in England, with 16 taking place in Edinburgh, seven in East Lothian and four in the Borders.

There is just one road closure in Glasgow for a street party. And in a number of areas, including North Ayrshire, West Lothian and Aberdeen, there have been no official parties registered.

‘No feelgood factor’

Shetland and Highland councils have not given their employees the day off.

Highland Council said it would have cost £350,000 to provide cover for frontline employees, such as social workers.

Street parties in Scotland

The number of official street parties taking place may give a misleading impression that there is a low level of public interest in celebrating the royal wedding.

They only include those street parties which have required council permission.

They take no account of, for instance, celebrations in church halls, pubs, community centres or even large private gardens.

A spokesperson said: “The council has made so many cuts already. We urge our staff to think about their position and how lucky they are to have a job with the council.

“I know people will be disappointed, but the decision was made for the very best of reasons.”

However, more than 40 schools in the Highlands, involving more than 4,000 pupils and teachers, will take part in events such as mock weddings, feasts, quizzes, and arts and crafts.

At midday, Dundee Trades Union Council (TUC) is to hold its annual Mayday march and rally. They said that the royal wedding provided “no feelgood factor” for those facing cuts in jobs, services and benefits.

There is expected to be a protest in Edinburgh with anti-monarchists attempting to “turn the Royal Mile into the Republican Mile” from 1130 BST to 1430 BST, and so far more than 800 people have said they will attend.

Glasgow City Council issued a warning for royal party-goers to stay away from Kelvingrove Park after an unofficial “alternative” royal wedding celebration was organised through Facebook and other websites. More than 10,000 people used the social networking site to say they planned to attend the event.

Train operator East Coast said there had been a 50% increase in train bookings between Edinburgh and London for the day before the wedding.

One woman, who was travelling down to London for the day from Scotland, said: “I’ve grown up with Wills and Harry in the news and now he’s got his lucky lady. It’s a lovely romantic story as much as anything else.”

Businesses across Scotland were attempting to throw some fun into the proceedings.

John G Renicks butchers in Thornhill, Dumfries and Galloway, made red, white and blue sausages.

While Scottish brewers Brew Dog made a “royal virility performance” beer, containing herbal viagra.

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Blackberry firm warns on profits

Research in Motion's new Blackberry Playbook tablet computerThe company is pinning its hopes on its new Playbook to regain some initiative
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Research in Motion (RIM) has slashed its profits forecast for the current quarter due to lower shipments of its popular Blackberry phone.

Shares in the company fell about 10% in after-hours trading as a result of the warning – its second in the past month.

RIM said it would also miss its revenue target of $5.2bn (£3.1bn) to $5.6bn for the period, forecast in March.

The firm’s previous profit warning was due to the cost of developing its new tablet-format Blackberry.

It also blamed the increasing number of consumers moving towards cheaper handsets in its product range.

The company has seen its share of its core US market steadily eroded by smartphone rivals.

“This is the beginning of the slide,” said Edward Snyder at Charter Equity Research.

“It’s going to be like air coming out out a balloon slowly. Increasingly RIM is being relegated to the low end, quasi-smartphone.

“Without a flagship touchscreen, high-end smartphone, they are going to continue to lose traction.”

RIM is banking on its new tablet computer – the Playbook – to regain the initiative.

It will be half the size of Apple’s iPad and will be compatible with Google’s Android operating system.

As well as the new product launch, the company is also revamping its operating system.

Some analysts are more willing to give the firm the benefit of the doubt.

Commenting on the latest profits warning, Matthew Robinson at Wunderlich Securities said: “It’s not great news but in this transition period there are a lot of numbers that are moving around and I don’t think we can view it as that incremental.

“Transitions are always a challenge.”

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Obama names Petraeus as CIA head

General PetraeusGen David Petraeus was nominated to replace Leon Panetta, the head of the CIA
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US President Barack Obama has nominated Gen David Petraeus, the US head of international forces in Afghanistan, as the new CIA director and has named the agency’s chief as head of the Pentagon.

Mr Obama named the current CIA director, Leon Panetta, as the next defence secretary when Robert Gates retires in late June.

“Leon appreciates the struggles of American troops,” the president said.

Gen Petraeus’s job will be filled by Marine Corps Lt Gen John Allen.

Announcing the most sweeping shake-up of top security officials since he took office, Mr Obama also named Ryan Crocker as the next US ambassador to Afghanistan.

“These are the leaders that I’ve chosen to help guide us through the difficult days ahead,” Mr Obama said with Mr Gates, Mr Panetta, Gen Petraeus and other officials standing next to him at the White House.

Mr Obama said that after four years in uniform, Gen Petraeus would retire from the US army and step into his new role at the CIA in September, pending Senate confirmation of the new positions.

“I will look to them and my entire national security team for their counsel, continuity and unity of effort that this moment in history demand”

US President Barack Obama

The announcement comes less than a year after Gen Petraeus took over responsibility for leading Nato forces in Afghanistan from Gen Stanley McChrystal.

“I will look to them and my entire national security team for their counsel, continuity and unity of effort that this moment in history demands,” Mr Obama said of his newly nominated staff.

Mr Obama said Mr Gates, who was first appointed as defence secretary by George W Bush in 2006, had “more than earned the right to return to private life”.

Gen Petraeus will be replaced in Afghanistan by Lt Gen Allen, currently deputy head of US Central Command – the command unit covering central Asia and the Middle East.

Lt Gen Allen and Mr Crocker will not fill their new roles immediately but will step into the positions over the summer.

Mr Panetta, a 72-year-old Democrat from California, served as chief of staff to President Bill Clinton between 1994 and 1997 and took over at the CIA in February 2009.

Prior to those positions, he served as director of Mr Clinton’s Office of Management and Budget.

Meanwhile, Afghanistan’s spring fighting season is ramping up, testing Nato and Afghan national army territorial gains.

In July, the US is expected to begin what US President Barack Obama has called a “significant” withdrawal of troops from Afghanistan, turning over security duties to Afghan military forces.

As of February, more than 1.4m people were serving in the US armed forces.

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