News Headlines - 07 November 2013

▽A weak euro is Europe’s best means of beating deflation - FT.com

The European Central Bank responded correctly to recent news of very low eurozone inflation by loosening policy further. The big question now is whether its decision – reducing the main financing rate from 0.5 to 0.25 per cent – will have a big enough impact to move inflation from less than 1 per cent a year back close to the ECB’s target of 2 per cent. The answer to this question lies in the foreign exchange markets.

▽Twitter opens at $45.10 a share, valued at about $25B - The Washington Post

Twitter ended its first day on the stock market at nearly $45 per share Thursday, about 73 percent higher than the $26 per share the company had priced for its initial public offering the evening before. The social media company, listed as TWTR, now has a market capitalization of just under $25 billion. After initially spiking to more than $50 per share, trading settled to around $45 by noon and closed at $44.90 per share. The company had originally forecast that it would price its shares between $17 and $20, then later raised its estimate to between $23 and $25 per share.

▽BBC News - Inside Japan's stricken Fukushima unit four nuclear reactor

Engineers at Japan's wrecked Fukushima nuclear power station are preparing to extract the first of more than 1,000 nuclear fuel rods from one of the reactor buildings.

▽Japanese politician causes uproar by giving letter on Fukushima to emperor | theguardian.com

A novice Japanese lawmaker who wanted to draw attention to the Fukushima nuclear crisis has caused an uproar by doing something taboo: handing a letter to the emperor. It began at an annual autumn Imperial Palace garden party last week. As Emperor Akihito and his wife, Michiko, greeted a line of guests, the outspoken actor-turned-lawmaker Taro Yamamoto gave the emperor the letter – a gesture considered both impolite and inappropriate.

▽Philippines hit by 'worst typhoon on record' | theguardian.com

The Philippines are bracing themselves for what weather experts are predicting will be the strongest tropical cyclone ever recorded at landfall... As Typhoon Haiyan approached land, the US Navy's Joint Typhoon Warning Centre in Hawaii said maximum sustained winds were 195 mph (314 kph), with gusts up of to 235 mph.