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Adidas withdraws forecast for 2009

AdidasHerzogenaurach, Germany - Adidas, Europe's leading sporting goods manufacturer, withdrew its forecast for 2009 on Thursday after reporting higher turnover and stagnating earnings for the third quarter of 2008.

The brand with the three stripes said turnover from July to September was 3.08 billion euros (3.97 billion dollars), a growth of 4.8 per cent over the corresponding period a year ago.

Earnings before interest and tax came to 473 million euros, marginally higher than 2007's third-quarter figure of 471 million euros. Net income was 302 million euros.

Bhutan crowns fifth dragon king

Thimpu, Bhutan - Jigme Khesar Namgyel Wangchuk on Thursday was crowned Bhutan's fifth dragon king in a lavish ceremony in the capital of the tiny Himalayan nation, becoming the world's youngest head of state.

Oxford-educated Jigme Kehsar, 28, took over the kingship from his father, Jigme Singye Wangchuk, 53.

Sounds of gongs and Buddhist chants echoed in the majestic white-walled Golden Throne Room at Tashichhidzong, a fortress that is now the seat of the Bhutanese government as the king was crowned in a ceremony attended by the royal family, government officials and a host of foreign dignitaries, the IANS news agency reported.

Paul McCartney to ‘receive MTV’s ‘Ultimate Legend Award’ from Bono’

Sir Paul McCartneyLondon, Nov 6: Sir Paul McCartney will be conferred with the title of ‘Ultimate Legend’ at tonight’s MTV Awards, it has emerged.

And U2's lead singer Bono has flown down to Liverpool to present the award to the ex-Beatle.

“Channel chiefs have been in a massive quandary as to who to present the award to Liverpool’s most famous son,” the Mirror quoted a source as saying.

“It is a first ever for MTV Europe to create a gong like this. It’s a one-off,” the source added.

Only Crouch can touch and dance close with Abbey Clancy

Only Crouch can touch and dance close with Abbey ClancyLondon, Nov 6 : English model Abbey Clancy has said that she’d love to participate in the reality show ‘Strictly Come Dancing’, but deems her footballer boyfriend Peter Crouch would get jealous of the raunchy dance routines.

Clancy, who has taken part in many reality TV shows, would love to win ‘Strictly Come Dancing’.

But her footballer boyfriend Peter is too protective about her to let her dance with other men.

Internet black boxes to record every email and website visit by computer users

Internet black boxes to record every email and website visit by computer usersLondon, Nov 6: Soon, Internet “black boxes” could be used to record every email and website visit made by computer users in Britain.

According to a report in the Telegraph, under the British Government’s plans to monitor Internet traffic, raw data would be collected and stored by the black boxes before being transferred to a giant central database.

The vision was outlined at a meeting between officials from the Home Office and Internet Service Providers in London.

Asia-Pacific stocks take another plunge on Wall Street's cue

Tokyo - Asian stocks took a big dive Thursday, reacting to a sharp fall overnight on Wall Street and wiping away gains from earlier in the week.

Japan's benchmark Nikkei 225 Stock Average plunged 6.53 per cent to 8,899.14 while the broader Topix index of all first-section issues also lost 5.96 per cent to close at 909.3.

The plunge came on the heels of a Wall Street decline brought on by a report showing rapidly rising job losses.

The blue-chip Dow Jones Industrial Average fell 5.05 per cent to 9,139.27. The broader Standard and Poor's 500 Index was down 5.27 per cent to 952.77, and the technology-heavy Nasdaq Composite Index fell 5.53 per cent to 1,681.64.

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