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Asian markets down on European discord

 Asian markets down on European discord

HONG KONG: Asian markets mostly fell on Friday as a meeting between the eurozone’s three biggest economies highlighted their differences on finding a solution to the region’s debt crisis.

Traders remained nervous at the end of a week that saw fears over Europe deepen as the yields on Italian and Spanish bonds sat dangerously high and even Germany — the bloc’s pillar — failed to sell all its bonds at auction.

Tokyo was flat, edging down 5.17 points to end at 8,160.01, while Sydney shed 1.48 percent, or 59.90 points, to end at 3,984.3 and Seoul closed 1.04 percent, or 18.66 points, lower at 1,776.40.

Shanghai was 0.60 percent off and Hong Kong fell 1.21 percent in the afternoon.

The leaders of Germany, France and Italy on Thursday met to discuss plans to address the two-year-old debt crisis in a bid to sooth markets, which have been hammered over fears of a collapse of the eurozone and another global downturn. (AFP)

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Stephen Lawrence: Gary Dobson and David Norris to be sentenced

Gary Dobson and David Norris were found guilty by an Old Bailey jury after a trial based on forensic evidence.
They will be sentenced as juveniles because they were under 18 at the time of the attack, which happened in south-east London in April 1993.Police say the investigation could be reopened if new evidence emerges.
Dobson, 36, and Norris, 35, can expect to receive sentences considerably shorter than would an adult convicted of the same crime under today’s laws.The BBC’s Home Affairs Correspondent Matt Prodger says they could serve minimum prison terms of around 12 years each.
Scientists found a tiny bloodstain on Dobson’s jacket that could only have come from Mr Lawrence. They also found a single hair belonging to the teenager on Norris’s jeans.
Acting Deputy Commissioner of the Metropolitan Police, Cressida Dick, who ordered the 2006 cold case review that led to the convictions, acknowledged that police believe there were five people involved in the murder, but there are currently no “live” lines of inquiry.
“If there was an opportunity to bring the other people who were involved in that night to justice, we would do so,” she said.
Give up others’
In a statement read by his lawyer outside the Old Bailey on Tuesday, Stephen’s father, Neville Lawrence, said the convictions were a moment of joy and relief – but he could not rest until all of those who killed his son were brought to justice. He described the investigation and preparation of the case as “faultless”.
He later told Channel 4 News: “I’m praying that these people now realise that they’ve been found out and say to themselves, ‘yes I did this awful deed, but I wasn’t alone in that action that night and there are other people also guilty of what I’ve done’ and name them.
“I hope before the sentence is passed, they will talk and give the rest of these people that killed my son up.”In an exclusive interview with the BBC’s Panorama, Stephen’s mother Doreen Lawrence said: “I don’t forgive the boys who killed Stephen. They don’t think they have done anything wrong.
“They took away Stephen’s life and there is nothing in their behaviour or anything to show they regret what their actions have done and the pain it has caused us as a family.”Prime suspects’
The original failed investigation into the murder led to the Metropolitan Police being branded as institutionally racist.
Stephen Lawrence was 18 when he was stabbed to death near a bus stop in Eltham, south east London, in April 1993.
Police identified five men who were later named in a damning public inquiry as the “prime suspects”.
By that time, there had already been a catalogue of police errors and two failed prosecutions, one brought by Stephen’s parents.

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Tablets, e-readers closing book on ink-and-paper era

SAN FRANCISCO: Tablet computers and electronic readers promise to close the book on the ink-and-paper era as they transform the way people browse magazines, check news or lose themselves in novels.

Online retail giant Amazon has made electronic readers mainstream with Kindle devices, and Apple ignited insatiable demand for tablets ideal for devouring online content ranging from films to magazines and books.

In 2011, digital books earned about $3.2 billion in revenue, an amount that the combined momentum of e-readers and tablets is expected to triple to $9.7 billion by the year 2016, according to a Juniper Research report.

Readers are showing increased loyalty to digital books, according to the US Book Industry Study Group (BISG).

Nearly half of print book buyers who also got digital works said they would skip getting an ink-and-paper release by a favorite author if an electronic version could be had within three months, a BISG survey showed.

“The e-book market is developing very fast, with consumer attitudes and behaviors changing over the course of months, rather than years,” said BISG deputy executive director Angela Bole.

Concerns about e-book reading are diminishing, with people mainly wishing for lower device prices, according to the survey.

Owning e-readers tended to ramp up the amount of money people spent on titles in what BISG described as a promising sign for publishers.