Luxembourg - ArcelorMittal SA's shares sank more than 9 per cent Wednesday after the world's biggest steelmaker said it was cutting production in the wake of slowing global demand.

Worldwide production is to fall about 30 per cent in Europe, the Luxembourg-based company said.

However, third-quarter net profit rose 29 per cent to 3.82 billion dollars from 2.96 billion dollars in the same period last year following a 38-per-cent jump in sales to 35.2 billion dollars.

New Delhi, Nov 5: President Pratibha Patil today congratulated Senator Barack Obama on his election as the next President of the United States of America.

In her message, the President said, "Excellency, please accept my heartiest congratulations on your election as the next President of the United States of America.

"The people of India, who have closely followed the U. S. election process with unprecedented interest, see your election as a historic mandate of the people of the United States of America," she added.

Washington - Democrats increased their control of Congress in elections Tuesday, picking up significant gains in the Senate and House of Representatives by capitalizing on a backlash against Republicans and President George W Bush.

The Democrats won three seats vacated by retiring Republicans in Virginia, New Mexico and Colorado, while Democratic challengers ousted two of their Republican opponents in New Hampshire and North Carolina.

Amsterdam, Nov 5: A researcher has shown that that an alloy of the metals magnesium, titanium and nickel is excellent at absorbing hydrogen, and is sixty percent less than a battery pack, which brings the world a step closer to the everyday use of hydrogen as a source of fuel for powering vehicles.

The researcher in question is Robin Gremaud, who was sponsored by the Netherlands Organisation for Scientific Research (NWO).

In order to find the best alloy, Gremaud developed a method that enabled simultaneous testing of thousands of samples of different metals for their capacity to absorb hydrogen, which led to the creation of the new alloy.

Hydrogen is considered to be a clean and therefore important fuel of the future.

Murray Goodwin's efforts went in vain as Ahmedabad Rockets gone down to a 13-run defeat against Dhaka Warriors in the ICL 20s Indian Championship match at Tau Devi Lal Stadium.

Chasing a victory target of 182 runs, Rockets could manage only 168 for 8 in 20 overs.
 
The former Zimbabwean batsman Goodwin kept the Rockets in the hunt. When he fell after scoring 59 with 104 on the board in 12 overs, Rockets were still in with a chance. But the fall of skipper Damien Martyn, Heath Streak, Baburao Yadav and Bhima Rao too soon with not much addition to the score spelt trouble for Rockets.