Montag, 29. November 2010

Mild makeover for Lancer

This latest model update sees the Mitsubishi Lancer 2.0 GLS receive a new set of 16-inch, ten spoke alloy wheels and new clear-lens tail lights, which feature a clear lens and contrasting black base.

Another running change is the improved sound deadening in the front windscreen.

Although the current list price for this model is R240 847, Mitsubishi says that it's currently available for R199 900 - a significant saving in anyone's book.

Other than the abovementioned, the Lancer offers much the same package as before, with power coming from a 2-litre 16-valve petrol engine that produces 114kW at 6000rpm and 199Nm at 4250rpm and is mated to a five-speed manual transmission.

The standard creature comfort list includes all the things you expect in this class, including automatic air conditioning and audio controls on the steering wheel. Key safety kit comprises of ABS brakes and dual front airbags - unfortunately no side or curtain airbags have been included.

While the Lancer is no class leader, and we wouldn't give it much thought at R240 847, the R199 900 offer (including a five-year/100 000km service plan and CO2 tax) makes it a very tempting alternative to the 1.6-litre sedans at that price point.

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Some voters barred from casting ballot in Egypt

Mansoura: Abdul Latif Farhat waited for more than an hour in order to cast his vote a few metres from a polling station in this Nile Delta town, but it was to no avail.

Thugs, allegedly hired by candidates from the ruling National Democratic Party, did not allow him as well as other voters suspected of supporting the Muslim Brotherhood, Egypt's strongest but banned group, to enter the polling station.

"It is absurd that the government and the ruling party keep saying that the elections are fair and all facilities are in place for voters to exercise their constitutional right," said Farhat. "The thugs are imposing their law under the noses of the security forces, who are doing nothing," he told Gulf News before deciding to go home for his personal safety.

Supporters of rival candidates threatened to smash photographers' cameras if they dared snap photos outside the school turned polling centre.

Voters and representatives of candidates in yesterday's legislative elections complained about getting barred from reaching polling stations.

The complaint was substantiated by the state-backed National Council for Human Rights, which said in a report that preventing voters from having access to polling stations had accounted for 50 per cent of the complaints received by its operations room.

Normal

While admitting the violations, Ali Eddin Helal, a senior official in President Hosni Mubarak's National Democratic Party, said they were normal because "rivalry for the parliamentary seats is very high".

But this rivalry took a deadly turn as the Ministry of Health confirmed in a statement that five people died in different parts of Egypt.

The son of an independent candidate was stabbed to death in Al Mataria, a working-class area in northern Cairo, while pasting posters on Saturday night. Another voter died in the Delta province of Menufia, around 60km north of Cairo, allegedly during a clash inside a polling station.

Nagui Omran, a 55-year-old teacher, died during a clash inside the polling station when he was not allowed to vote because his name was not in the electoral list, said witnesses. However, the official Middle East News Agency quoted Menufia Governor Sami Mahmoud as saying that Moran had died of a heart attack.

A 38-year-old man was killed during a brawl among supporters of candidates in Qena, Upper Egypt.

The fifth fatality was identified as Nafisa Abdul Hamid, 79, who died after suffering a diabetic coma inside a polling station in Alexandria, Egypt's second biggest city.

Meanwhile, police used tear gas in the Delta province of Samanud, some 80km north of Cairo to disperse knife-wielding supporters of candidates from the Muslim Brotherhood and the ruling party who clashed. Six people were injured and a car was damaged during the clash, an eyewitness told Gulf News.

The Muslim Brotherhood, which fielded independent candidates to circumvent an official decades-long ban, contested the elections with 130 contenders amid speculation that the group will not repeat the 2005 election results when it clinched a fifth of the parliament's seats.

Vote buying was rife in constituencies, where election was hotly contested, according to local monitors.

They added that in Mena Al Basal in Alexandria, a businessman running for a parliament seat, was buying votes for 150 pounds (Dh95) each.

Hours before the polling stations closed at 7pm (5pm GMT) a relatively high turnout was reported in rural areas where candidates' family links are strong.

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Handbags at dawn as France's most famous fashion houses wage war

The elitist world of Paris high luxury, where a customised handbag can cost more than a car, seems to be immune to the financial crisis. The French label Hermès made so much money this year that it is likely to post the best results of its 173-year history and has just opened a lavish new store in the old Art Deco swimming pool of a left bank hotel. But behind the success of silk-scarves and crocodile-skin clutches, Paris fashion is being torn apart by a saga of secretive empire-building and power-struggles dubbed the "handbag wars".

Hermès - the family brand and former saddle-maker that prides itself on being more interested in leather hand-stitching than bling - says it is under attack from one of the world's richest men. It emerged last month that Bernard Arnault, owner of LVMH, the world's number one champagne and luxury goods empire, which includes Louis Vuitton and Dior, had secretly acquired a 17% stake in the Hermès family firm. Since then, the two sides have been at war, backed by an army of PR gurus, lawyers and bankers. The dispute is being billed as a David and Goliath stand-off, a battle for the soul of the nations' calf-skin purses, which also calls into question Nicolas Sarkozy's promise for financial transparency on the Paris stock-exchange.

Hermès' bosses claim they were stupefied to discover that Arnault had built up a stake using a legal but shadowy derivatives system that masked his true identity. Hermès is one of the world's last independent fashion houses. The family shareholders who still control three quarters of its shares say the firm has deliberately distanced itself from mass-market techniques and resisted conglomerates. The brand's hand-crafted "it-bags", the Kelly and the Birkin, can run to tens of thousands of pounds if customers can stand joining a waiting list that once lasted six years. The Birkin bag's elitist image was not even damaged by suggestions that Victoria Beckham, the queen of bling, owned 100, worth a total of £1.5m. While the world luxury sector's profits dropped in 2009, Hermès has seen an 20% surge in sales in the first half of this year that has kept rising.

When the family discovered that Arnault had secretly acquired a stake in Hermès, they warned there was "an intruder in the garden but we don't want him in the house."

Arnault is France's richest man, a close friend and former best-man of Sarkozy. He has made his fortune voraciously acquiring firms, often exploiting rivalries within small companies. His luxury goods empire includes Moet & Chandon, the world's biggest champagne maker, as well as fashion houses Marc Jacobs and Celine. Known in France as the "Pope of Luxury", he has long been said to have an eye on Hermès' prestigious brand. It's not the first time Arnault has started a "handbag war", ten years ago his famous - failed - onslaught on Gucci caused a bitter stand-off against another French magnate and friend of Jacques Chirac, François Pinault. The two men have since continued their rivalry in the arts arena, building staggeringly expensive rival art collections.

Hermès bosses, fearing that Arnault's business-savy is too tough a match for the family firm, have made a rare public plea for Arnault to get out and offload his shares. Outraged, he promised he was "peaceful" and "friendly", keen to protect the French label from Swiss or Chinese interest. Hermès snapped back that this was "pure invention". Arnault fumed in Le Figaro: "I do not see how the head of a listed company can be qualified to ask a shareholder to sell his shares. On the contrary he is supposed to defend the interests of all shareholders." Patrick Thomas, the Hermès chief executive, said the family was "calm, united and vigilant".

Arnault, who is currently considering expanding the 2,468 LVMH world retail spaces to locations such as Mongolia and Tibet, is thought to want to take Hermès even more upmarket. Hermès unrivalled leather goods savoir-faire would be an asset to his Louis Vuitton brand.

But the next step of the battle will be fought in France's corridors of financial power as the French stock market watchdog investigates the legal but shadowy conditions of Arnault acquiring his stake.

Jean-Pierre Jouyet, the watchdog's president said: "We're the only country in Europe where something like this could happen." The results threaten to embarrass Sarkozy's promise of financial ethics. Like the battle between the fashion houses, the investigation will, according to Jouyet, be "long, difficult, and very complex."

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