News Headlines - 01 February 2014

▽Currency crisis at Chinese banks 'could trigger global meltdown’ - Telegraph

The growing problems in the Chinese banking system could spill over into a wider financial crisis, one of the most respected analysts of China’s lenders has warned.
Charlene Chu, a former senior analyst at Fitch in Beijing and now the head of Asian research at Autonomous Research, said the rapid expansion of foreign-currency borrowing meant a crisis in China’s financial system was becoming a bigger risk for international banks.

▽At least 14 dead after Indonesian volcano erupts | euronews

More than a dozen people have reportedly been killed, after a volcano erupted on the Indonesian island of Sumatra. A thick cloud of ash spewed into the air, engulfing people in a nearby village.
The 2,460 metre-high Mount Sinabung had been dormant for four centuries. But it has become increasingly active in recent months and the volcano has been put on its highest alert status.

▽Amanda Knox could face detention in tough US jail - Telegraph

Amanda Knox faces being incarcerated in a grim federal prison five miles from her parents' house for the duration of any extradition battle between the US and Italy, the Telegraph can reveal.
If Italy makes an extradition request, and the case is argued in US courts, she would be detained by US Marshals and sent to Seatac federal detention centre.

▽Magnet With Single Pole Discovered - Amherst College And Aalto University Research | CrazyEngineers

‘Can magnet with only one pole exist?’ is the question that can now be answered with a yes. Physicists have successfully synthesized a magnetic particle having only North Pole allowing to explore its mysterious properties. In 1931, Paul Dirac, one of the founders of quantum physics, predicted the existence of mono-pole. The recent discovery have given life to his theory and experiments. Researchers at Amherst College in Massachusetts and Aalto University in Finland managed to simulate the behavior in an ultra-cold material that resembles the magnetic system.

▽Video: Aerial drone footage of 'catastrophic' Somerset floods - Telegraph

Telegraph photographer Lewis Whyld captures exclusive aerial drone footage of the flooding in Somerset and talks to residents who are battling against rising water levels