Deal values Facebook ‘at $50bn’

Mark ZuckerbergFacebook’s billionaire founder Mark Zuckerberg has brushed aside suggestions of a flotation
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Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal valuing the social networking site at $50bn (£32.3bn).

The New York Times said that Goldman was investing $450m in Facebook, and Digital Sky Technologies another $50m.

The paper, citing unnamed sources, said the terms of the deal implied a value for Facebook of just over $50bn.

Goldman’s involvement will also raise speculation that Facebook might float on the stock market.

The New York Times said that representatives for Facebook, Goldman and Digital Sky Technologies had all declined to comment.

If valued at $50bn, Facebook is worth more than eBay and Time Warner.

The fresh investment is expected to be used to fund develop of new products and possibly make acquisitions, the New York Times said.

It may also enable Facebook employees and early investors to cash in some of their stakes.

The paper said the Securities and Exchange Commission was looking at the growth in the private market for trading in companies like Facebook, Twitter, and LinkedIn.

Regulators are concerned that, with this private market booming, companies are able to circumvent public disclosure requirements.

Further scrutiny by the SEC could help push Facebook towards a public listing, although the company’s founder, Mark Zuckerberg, has denied there are plans for a flotation.

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Copts report Europe attack threat

A blood-spattered portrait of Jesus inside the Coptic Orthodox church in Alexandria (2 Jan 2011)Coptic church leaders across Europe have discussed the level of threat
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Coptic Church leaders across Europe have revealed they have been the target of threats in the wake of the New Year’s Day bomb attack in Egypt.

A priest in Paris has made a complaint to police which has led to an inquiry by the anti-terror squad, reports say.

A senior official in the UK says threats have been “outlined” against two churches, and a bishop in Germany has called for government protection.

The Alexandria bombing killed 21 people as worshippers left midnight mass.

The security concerns in Europe come days before Coptic communities celebrate Christmas on 7 January.

Girguis Lucas, a priest at the Coptic Church of St Mary and St Mark in Paris, told AFP news agency that a member of his congregation had spoken of internet threats “from Islamic mujahideen who announced more attacks in Europe and especially in France and mentioned our church”.

“We take any threat as being viable”

Bishop Angaelos General Bishop of the Coptic Orthodox Church in Britain

The General Bishop of the Coptic Orthodox Church in Britain, Bishop Angaelos, said that he had discussed the threats with fellow bishops across Europe and that precautions taken after earlier attacks had been heightened.

“We take any threat as being viable,” he told the BBC News website. “There are a couple of churches [in the UK] that have been outlined.”

Bishop Angaelos – who describes the Egyptian bombing as “unprecedented” – says a general funeral service is being planned in churches across Europe in memory of the victims in Alexandria.

The German interior ministry says members of the Coptic church expressed their concerns even before the New Year’s Day suicide attack.

Bishop Anba Damian told German radio that his community had been warned by police about online threats by Islamists.

Coptic communities in Germany, France and Britain as well as Egypt were cited by Islamist websites two weeks ago, apparently accusing Egyptian Christians of mistreating female converts to Islam.

A spokesman told German media the ministry was in security talks with the Church.

German Chancellor Angela Merkel has written to Egyptian President Hosni Mubarak expressing her condolences for “this barbaric act of terror”.

But Stefan Mueller, parliamentary leader of the junior coalition party, Christian Social Union, called on Mrs Merkel to go further, by linking development aid to the treatment of Christians in relevant countries.

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Oil price rises on factory data

Oil pumpsCold weather in Europe and the US has pushed the price of oil higher in the past few weeks.

The price of oil has risen by more than a dollar a barrel after surveys suggested strong manufacturing growth in both the US and the eurozone.

The Institute of Supply Management (ISM) said US manufacturing grew in December at its fastest pace since May.

US light crude rose by $1.08 to $95.8 a barrel, while London Brent rose 94 cents to $95.83.

Cold weather in Europe and the US has pushed the price of oil higher in the past few weeks.

The ISM said that its index of manufacturing activity rose to 57 in December, up from 56.6 the previous month. Any reading over 50 suggests growth in the sector.

“All told, the December ISM index is consistent with a manufacturing industry on solid footing and an economy that re-accelerated in the fourth quarter,” said Ryan Sweet at Moody’s Analytics.

December was the 17th month in a row that the sector grew, according to ISM.

“We saw significant recovery for much of the US manufacturing sector in 2010,” said Norbert Ore, head of the group’s manufacturing business survey committee.

In Europe, the Markit Purchasing Managers’ Index (PMI) recorded a level of 57.1 for December, up from an earlier estimate of 56.8 and above November’s 55.3.

Germany posted the strongest growth, but Greece’s manufacturing sector continued to shrink.

Global shares also moved higher following the two surveys, with Wall Street up almost 130 points, or 1.1%, at 11,706.

In Germany, the Dax index closed up 76 points, or 1.1%, at 6,990, while in France the Cac 40 ended 96 points, or 2.5%, higher at 3,901.

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NI Water misunderstood scheme

An employee of Northern Ireland Water fills plastic containers for members of the public outside the company's headquarters in North Belfast on 31 December 2010NI Water have said 260 properties are still without water
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The chief executive of an industry body which coordinates assistance for UK water operators has said it was not asked to help NI Water until New Year’s Eve.

Pamela Taylor from Water UK said she believed that there was “a misunderstanding” by NI Water about the scope of the aid available.

Water UK provided help within three hours of being asked.

Call centre staff and thousands of containers were made available.

Water UK operates a mutual aid scheme which provides help and advice for water operators in England, Scotland, Wales and Northern Ireland.

Ms Taylor said the idea behind the scheme was that operators could call for assistance in the event of an emergency.

She said it was up to individual operators to identify the type of help needed such as tankers, bowsers or call centre staff.

She confirmed that NI Water contacted Water UK on Friday, a week after the crisis began for clarification on the assistance available.

“I think they felt that the scheme was narrower than it actually was,” she said.

“So when I was contacted on Friday I was able to clarify with them the breadth of the scheme and recognise that NI Water did indeed want help regarding call centre staff.

“Then within three hours of their needing that support though mutual aid they were able to get it.”

Asked why NI Water had not asked for help until Friday, Ms Taylor said it was not up to her to make judgements on operational matters.

However she said that regarding investment in infrastructure, NI Water had “catching up to do” when compared with the rest of the UK.

Liam Mulholland from NI Water defended the company’s position and denied NI Water had not made the most of the help available from Water UK.

“As part of our major incident plan we reviewed that part of the document which said the mutual understanding is there,” he said.

“It clearly states that it is to do with engineering, plant and machinery and so on.

“The term resource is more around the machinery and plant situation, that was our view at that time.

“At that point the situation with Water UK was, there was no agreement there in terms of call handling staff.

“Subsequently on 31 December when our chief executive spoke with Water UK they put out a call to their members to see if anyone could help us.

“It was good of the Water UK people to put a call out to their members to say has anyone any suggestions from which we found another call centre which were locally based who we were able to get assistance from but we were already trying to get people onboard to answer more calls.”

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Government easing parking rules

A traffic warden inspecting parked carsCouncils will now be able to set their own town-centre parking charges
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Two measures to “make life easier” for motorists in England have been announced by the government.

It is lifting a restriction, introduced in 2001, on the number of parking spaces allowed in developments of new homes.

And it will no longer instruct councils to set high parking charges to encourage the use of other transport.

Ministers said they were “ending the war on the motorist” and that the rules “unfairly penalised drivers”.

The Department of Communities and Local Government said the new measures would mean councils and communities would be free to set parking policies that are “right for their areas”.

This will include “proportionate parking enforcement”, taking into account the effect of parking charges on the “vitality of their local economy and local shops”.

The government now believes councils should be free to set charges to attract shoppers to town centres, without interference from Whitehall.

The restrictions also led to more aggressive parking enforcement and increased on-street parking congestion, ministers said.

To deflect criticism that the announcements are environmentally unfriendly, ministers have also said charging points for electric cars on the street and in car parks will now be allowed without the need for planning permission.

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Yeates ‘not sexually assaulted’

Jo YeatesThe body of Jo Yeates was found near Bristol on Christmas Day

Police investigating the murder of landscape architect Jo Yeates have said they want to trace a light-coloured 4×4 possibly seen where her body was found.

Avon and Somerset Police said they now believed Miss Yeates returned to her Bristol home safely on 17 December but it is still not known where she died.

The 25-year-old’s snow-covered body was found in Longwood Lane in Failand, near Bristol, on Christmas Day.

Ch Supt John Stratford said officers would “leave no stone unturned”.

Miss Yeates’ landlord, Chris Jefferies, 65, who was arrested on suspicion of her murder, has been released on police bail.

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Nine NI schools affected by water

Elderly man packing water bottles into suitcaseJack Lewis, 80, collects bottled water supplied by the Scottish government
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NI Water’s director of engineering procurement, Trevor Haslett, has said that the company has been “on top of” finding, fixing and repairing leaks during the water crisis.

Speaking on BBC Radio Ulster, Mr Haslett defended NI Water’s decision not to seek help from Water UK sooner.

Water UK supports water companies and can give help and equipment in crises.

Mr Haslett said that NI Water had “deployed sufficient resources on the ground” since the water crisis began.

“We brought in our own contracting staff and engineers locally,” he said.

“Any additional resources that we required were certainly brought in. We have numerous contractors working for us around the clock.”

The comments come as NI Water is facing mounting criticism over its handling of the water crisis and UUP leader Tom Elliott has said the minister responsible for NI Water, Conor Murphy, should resign.

Thousands of homes and businesses have experienced water shortages since a period of intensely cold weather in late December ended and pipes began to leak as the ice inside them melted.

The water supply to thousands of homes in Northern Ireland was again disrupted overnight as about 40,000 properties in NI Water’s eastern region had their mains water supplies temporarily cut off.

Service was due to be restored at 0800GMT, although NI Water said it could take up to three hours for it to reach all customers.

The company said on Sunday night that the number of homes without running water had fallen to just under 1,000.

When asked why NI Water had not asked for equipment or engineers from Water UK, Mr Haslett said that “there was no requirement” to do so.

“At peak we had 26 local tankers and we still have some tankers operating, filling the smaller reservoirs.”

“With the number of customers reducing significantly, we certainly have enough resources locally”

Trevor Haslett Director of engineering procurement, NI Water

He said that requesting extra help from outside Northern Ireland was considered by the incident team and any help needed had been asked for.

“We are still putting 250m litres a day into the system, which was reduced to about 20m a day over the weekend,” he said.

“It’s a process that takes time from Boxing Day until last Friday when the situation improved significantly and we got the number without water down to under 1,000 customers.”

The NI Water director explained the company gets about 50% of its water from Lough Neagh and said that “in fact all of our raw water sources are actually intact”.

“It’s the service reservoirs, basically large concrete tanks, we probably have about 1,200 of these around the country and we have some very large ones around Belfast and it’s the Belfast ones which have been causing us difficulty,” he said.

“Normally at this time of year they would be about four metres full of water, over the last week some of them have been down to half a metre. In fact last Thursday the large service reservoir at Breda actually ran out of water.”

Mr Haslett said that where the company did need help, was “obviously” in answering phone calls from customers.

On New Year’s Eve, Northern Ireland Secretary of State Owen Paterson announced that NI Water had accepted an offer of 70 call handlers to help manage the 600 to 700 calls per hour the company was receiving.

NI Secretary of State Owen PatersonNI Secretary of State Owen Paterson announced that NI Water had accepted an offer of 70 call handlers

The help was made available in accordance with the mutual aid arrangements overseen by Water UK in partnership with Defra.

Speaking on Friday, Mr Paterson said he had had several meetings with the first, deputy first and other ministers and “made it clear that the UK Government was ready to provide practical assistance to help deal with the dreadful circumstances that thousands of people in Northern Ireland have found themselves in”.

“It was clear that a major failing was the difficulty people had in getting information from a system that was overwhelmed by the volume of calls to the extent that only 40% of between 600 and 700 calls per hour were being answered,” he said.

Mr Haslett said that NI Water had not asked for the call handlers earlier because it “had a clear understanding that the mutual agreement did not include access to call handlers”.

He said that the company would be looking at any other assistance it might require, but “with the number of customers reducing significantly, we certainly have enough resources locally” to handle the situation.

Meanwhile, dozens of schools may be unable to re-open due to water damage.

The Department of Education said it would consult with the education boards on Monday and publish a list of those schools affected.

Even customers not affected by burst pipes had their water supplies cut off overnight to allow reservoirs to be replenished.

A full list of areas where the water supply has been turned off is available on the NI Water website, along with a list of locations where temporary water supplies have been set up.

The main affected areas are parts of Cookstown, Dungannon, Newry and Warrenpoint, and some 500 NI Water staff are dealing with those properties.

“The UK Government was ready to provide practical assistance to help deal with the dreadful circumstances that thousands of people in Northern Ireland have found themselves in”

Owen Paterson Northern Ireland Secretary of State

State-owned NI Water, which is the sole provider of water and sewerage services in Northern Ireland, said it would be “at least three or four more days” before everyone was reconnected.

While NI Water has responsibility for leaking pipes in the main system, its responsibility ends when the supply enters properties.

However, many of the leaks are understood to be within unoccupied homes and businesses, and the company has urged customers to check their properties and have the pipes repaired as soon as possible.

Bill Gowdy, from the water company, said: “We do urge owners of properties, of vacant properties, of outbuildings, please go and check to see if there’s any leaks because there’s a significant number of leaks on private property.”

NI Water has again warned that bogus callers are taking advantage of the crisis.

The company is urging householders approached by people wanting to examine their property for leaks to thoroughly check their identity.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

African migrants drown off Yemen

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About 80 African migrants are feared to have drowned off the south coast of Yemen after their boats capsized, Yemeni officials say.

The migrants, mostly from Ethiopia, were travelling in two boats which were hit by strong wind and waves, the Interior Ministry said in a statement.

Three Somali migrants were reportedly found alive while the coastguard were searching for any other survivors.

Hundreds of Africans drown each year, trying to reach Yemen in crowded boats.

The ministry quoted coastguards in Aden as saying the first boat went down off the coast of Taez province with 46 people on board.

All those on board had drowned apart from the three Somalis, it said.

The second boat capsized off Lahij province.

It was carrying “between 35 to 40 people, all of them Ethiopians and among them women and children,” said the report.

It was not clear from the report when the incidents took place, but it said a search was being carried out “in hope of finding survivors”.

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Uganda stops paper outing gays

Man holding copy of the Rolling StoneThe Rolling Stone has been ordered to pay compensation and legal costs
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A Ugandan High Court judge has ruled that media companies in the country should not publish the identities of people they say are homosexuals.

The decision was described as a “landmark ruling” by gay rights activists.

The case was brought against The Rolling Stone newspaper which last year published several lists of people its editor said were gay.

Many said they were attacked after their names and photos were printed.

Homosexual acts are illegal in Uganda and activists say the gay community still lives in fear.

“The judge granted a permanent injunction against Rolling Stone from publishing these names,” lawyer John Francis Onyango, who represented the three gay rights campaigners who brought the case, told AFP.

“But the ruling went beyond these applicants and extended to all media,” he added.

‘Principled step’

The newspaper argued that as the three people who brought the case were known gay rights leaders, it could not be punished for saying they were homosexuals.

But Judge Vincent Musoke-Kibuuke ruled that their lives had been threatened as they risked being attacked by vigilantes, Mr Onyango said.

One of the articles published had the headline: “Hang them” above a list of names and photos.

The three were also awarded 1.5m Ugandan shillings ($650; 500 euros) in compensation and the newspaper was ordered to pay all associated legal costs.

A coalition grouping together human rights campaigners said they were pleased the High Court had taken this “principled step”.

“This ruling is a landmark not only for sexual and other minorities living in Uganda, but also an important precedent for other countries facing similar issues,” the Civil Society Coalition on Human Rights and Constitutional Law in Uganda said in a statement.

Last year, a local MP called for the death penalty for some homosexual acts.

The proposed Anti-Homosexuality Bill sparked an international outcry and a year later has not been formally debated by parliament.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Australian floods ‘to last weeks’

Home in Rockhampton flooded

The BBC’s Nick Bryant: ‘People are worried about looters’

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Devastating flood waters across the Australian state of Queensland may not recede for weeks, the state’s Premier Anna Bligh has warned.

More than 20 towns in Queensland have been cut off or flooded, with more than 200,000 people affected.

Military aircraft are flying supplies into Rockhampton, which has been isolated by the still-rising waters.

The authorities have now confirmed three deaths caused by flood waters in the past few days.

At the scene

From here the city of Rockhampton looks like a small island surrounded by an inland sea.

We’re still 36 hours away from the peak of the floodwaters but they have been closing in on the central business district faster than originally anticipated.

People are being ordered by police to leave their homes. They have been wading through these outlying suburbs, chest-deep at times, to tell people to leave. Many are reluctant to do so.

There have been reports of small-scale looting and many people are worried not just by the floodwaters but by the possibility their homes might be robbed by looters. That is why an evacuation centre which has room for 1,500 people had only 50 overnight.

Roads ‘like lagoons’ in flood-hit town

Ms Bligh has recalled ministers from holidays for crisis talks to plan the response to the flooding.

“Given the scale and size of this disaster, and the prospect that we will see waters sitting potentially for a couple of weeks, we will continue to have major issues to deal with throughout January,” she said.

Her concern was echoed earlier by Australian Prime Minister Julia Gillard, saying: “This is a major natural disaster and recovery will take a significant amount of time.

“The extent of flooding being experienced by Queensland is unprecedented and requires a national and united response.”

Approximately 850,000 sq km have been affected, an area equivalent in size to France and Germany.

Australian Red Cross executive director Greg Goebel said there were seven evacuation centres currently operating, generally in town halls, gymnasiums or schools, and the army were flying in supplies.

“It is a major disaster, it’s a heartbreak for many, many thousands of people and will certainly take an enormous amount of time to get their communities back to normality,” he told the BBC.

“If you play with water the water will win and you will come off second best, and thankfully most people have, it seems, heeded that warning”

Kay Becker Capricorn Helicopter Rescue

The comments come as the city of Rockhampton became cut off by waters spilling from the still-swelling Fitzroy River, leading many of its inhabitants to flee.

“Rockhampton is now completely stranded – a town of 75,000 people – no airport, rail or road,” Ms Bligh told ABC radio late on Monday.

With the last route into Rockhampton cut, three Australian Defence Force helicopters will provide the city’s only lifeline for food and medical supplies.

“The worst [is] still to come in communities like Rockhampton. Supplying them with food, ensuring that we keep them safe during this flood is absolutely critical,” Ms Bligh said.

The water level in the Fitzroy River is expected to peak at 9.4m late on Tuesday or early Wednesday.

Mr Goebel said that police were enforcing evacuations in a number of suburbs, and a mobile hospital had been set up on dry ground.

Rockhampton Mayor Brad Carter said about 40% of the city could be affected, and residents may have to wait at least two weeks before being able to return home.

Kay Becker, chief executive of Capricorn Helicopter Rescue, said most people were behaving sensibly in the floods.

“People are seeing water in places that they’ve never ever seen it before, it’s very high water, the water’s running very fast, and you know, if you play with water the water will win and you will come off second best, and thankfully most people have, it seems, have heeded that warning,” she said.

One Rockhampton resident told the BBC that she had stocked up on fuel and food at petrol stations as she drove back early from holiday.

“We are going to stay in, we are fully prepared, have plenty of food and have been boiling the water – but if the water gets higher than 9.4m we will have to turn the power off and might have to leave,” said Trudi Reed.

Alex Finlayson filmed inside his flooded home

Alex Finlayson who lives in Emerald, Queensland, filmed inside his flooded home

“The water is coming very quickly and we are watching it rise.”

Another resident said there had been panic-buying in the city.

“Lots of people have been stocking up on fuel. I also heard about one woman who brought 20 loaves of bread from a supermarket,” resident Petros Khalesirad told the BBC.

The intense rains have also had an impact on coal and sugar production.

The Queensland premier said 75% of operations at the state’s coal fields had been halted, which supply half of the world’s coking coal needed in steel manufacturing.

The state is also responsible for almost all the country’s sugar production, and with cane fields drenched, Australia, usually a net exporter, will be forced to import.

QUEENSLANDNorth-eastern Australian stateLargely tropical climateArea: 1.73 million sq km (668,000 sq mile)Coastal regions, including Great Barrier Reef, designated World Heritage SiteMining and cattle ranching important inland

Prime Minister Gillard has announced that grants and low-interest loans would be made available to help local businesses recover from the flooding.

On Monday, two more deaths from the flooding were confirmed.

One was a 38-year-old man whose boat was swamped near the mouth of the Boyne River, and the other was a woman whose car was washed off the road west of Emerald.

On Sunday, another woman swept from the road while trying to cross the Leichhardt River became the first confirmed death since the flooding was declared a disaster.

Forecasters cancelled a severe storm warning on Monday, saying the immediate threat had passed.

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