22 September 2011, 1:11 PM
1/10 
Police have issued several on-the-spot fines since the ban came into effect in April but these are the first court-issued fines, with the women vowing to appeal their case all the way to the European Court of Human Rights.
22 September 2011, 1:27 PM
1/1 The dollar rose to a seven-month high against major currencies as a broad sense of aversion to risk swept through financial markets.
The Fed set the ball rolling on Wednesday when it launched "Operation Twist", a plan to lower borrowing costs by selling or not renewing short-term debt in favour of longer bonds.
The move was expected, but the Fed's statement of the rationale behind it was stark: There were "significant downside risks" to the US economy.
"It seems the market doesn't believe Operation Twist is enough to kick start the spluttering economy ... (and) a very downbeat outlook ... seems to have unsettled markets even further," said Ben Potter, market strategist at IG Markets.
Concern was increased on Thursday when HSBC's China Flash PMI showed the factory sector shrank for the third consecutive month in September, pointing to a slowdown in the world's second-largest economy.
World stocks as measured by MSCI fell as much as 2 per cent to a new year low, making for a 14 percent year-to-date loss. The more volatile emerging markets stock index was down more thant 4 per cent for a 22 percent 2011 loss.
In Europe, where questions about the ability of the euro zone to manage some of its countries' heavy debt remain, stocks losses amounted to a 20 percent loss for the year-to-date.
The FTSEurofirst 300 fell 2.2 per cent.
Japan's Nikkei closed down 2.07 per cent.
SAFETY FIRST
The mood drove investors to seek relative safety. The yield on 30-year German debt sank to a new record low as investors bought the paper.
The 30-year German benchmark yield fell to 2.538 percent, passing the previous lows seen in late August 2010.
Yields on 10-year US Treasuries , the target of Fed activity, were down to just above 1.8 percent.
On currency markets, the dollar climbed to a seven-month high against major currencies.
"The dollar's strength and the risk aversion that we have seen in recent weeks have picked up steam," said Tohru Sasaki, head of Japan rates and FX research at JPMorgan Chase.
The euro edged back towards a seven-month low of $1.3495 hit last week.
Indebted Greece, struggling to avoid default, made new budget-cutting pledges on Wednesday aimed at securing the next slice of bailout funding from international lenders.
"As ever, the question is, will these measures be implemented and maintained by the current government and the governments to come?," Societe Generale strategists wrote in a note to clients.
PS: Actions may not always bring happiness; but there is no happiness without action, so act we MUST.
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Wishing you and all your loved ones greatest of times ahead!
Aspiring 2 c u happy!
Shakeel Ahmad
B.Tech (IT-BHU), MBA (XLRI), PMP
Dubai, United Arab Emirates
Recommended website for PMP exam preparation: http://www.passPM.com/
Remember, growing older is mandatory. Growing up is optional.
We make a Living by what we get, we make a Life by what we give.
If you fill your heart with regrets of yesterday and the worries of tomorrow,
you have no today to be thankful for.
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