Banking Giants Face Huge Fines
LAKE: South Asia's space race is on. India launched its first ever mission to Mars on Tuesday, but the effort comes with a hefty price tag. Mallika Kapur reports.</s>MUMBAI-BASED INTERNATIONAL CORRESPONDENT: The spacecraft blasted off from earth at 2:38 p.m. local time, carrying with it great expectations. If it reaches its destination, India will go where no Asian country has ever gone before -- Mars. So far only the U.S., the former Soviet Union and Europeans have successfully sent missions to the Red Planet. The journey will take ten months. Once there, the orbiter will study the planet's surface and atmosphere, looking for any sign that there could have been life on Mars. The cost of this mission is $73 million. That's a bargain by international standards. Still, many critics in India say it's a luxury this country can't afford. Not when so many of its people live on less than a dollar a day. But India defends this cost plus its billion dollar's annual investment in its space program, saying its satellites are used for a number of applications -- in TV broadcasting, tele-education, telemedicine, defense and meteorology. Authorities say an early warning about a cyclone last month helped save thousands of lives. Tuesday's launch also fueled talk about a growing space race between India and regional rival China. China's attempted mission to Mars in 2011 failed.</s>GEORGE KREEGER, GEORGIA INSTITUTE OF TECHNOLOGY: I don't think it will upset the geopolitical balance, particularly if it's just another notch in the system. China's chosen to put a human being in space. India sending a mission to Mars. I think that's the way they play the game.</s>KAPUR: For the Indian public, Mangalyaan which is Mars Craft in Hindi, is a matter of great national pride.</s>UNIDENTIFIED MALE: I'm really excited about it, I actually feel proud that India is taking a big step towards it. We can -- if we can get to Mars, we can get to anything (inaudible).</s>KAPUR: Mallika Kapur, CNN Mumbai.</s>LAKE: China has quickly taken center stage at this year's World Travel Market in London. Chinese travelers are the top source of tourism cash in the world, spending $102 billion on international travel last year. And as Jim Boulden reports, it's also one of the hottest destinations.</s>JIM BOULDEN, CNN INTERNATIONAL CORRESPONDENT: Panda's booth here at the World Travel Market is hoping to attract tour operators to China. Nearly all the hundreds of other booths are trying to attract the Chinese.</s>TALEB RAFAI, WORLD TOURISSM ORGANIZATION, SECRETARY-GENERAL: Up until 2011, Germany was the number one source market of the world, sending the most number of tourists all over the world. In 2012, this was China. China grew 31 percent in the first eight months compared to last year.</s>BOULDEN: This sudden influx has countries scrambling. Italy for one is learning how to cater to large groups of first-time Chinese tourists.</s>ALESSANDRO GIANANDREA, GAR TOURS: They need to (inaudible) fast and move because they want to see everything as soon as they can. Plus they want their own shopping. Plus they want -- I mean, I would think that if they had like 15 days, they would see 15 cities.</s>BOULDEN: But then, operators say, they expect the travelers to come back again in smaller groups and spend more time. And some say don't treat the younger Chinese different from any other travelers.</s>RAFAI: We are a little bit at a mistake if we think that we need to change ourselves just to attract the new travelers. The growing middle class in China is just like the middle class anywhere else.</s>NAZRI ABDUL AZIZ, MALYSIAN TOURISM MINISTER: Thailand attracted four million.</s>BOULDEN: Thailand has done well at attracting Chinese tourism, Malaysia has not.</s>AZIZ: There are 83 million Chinese tourists all over the world. But we're getting only a mere 1.5 million. We still have to do more. Our problem is accessibility, and we are attacking China, we are agreeing to the second tier cities to bring them.</s>BOULDEN: Getting a visa is still a big hurdle for Chinese wanting to travel. While the U.K. and Malaysia say they are trying to ease visa requirements for Chinese travelers, and Italy says it cannot wait until the Chinese get their visas faster.</s>GIANANDREA: When they will make it faster, the number will grow and grow and grow.</s>BOULDEN: And it's not just the number of travelers. The World Tourism Organization says the Chinese also became number one last year in money spent, overtaking German and U.S. tourists and surpassing $100 billion. That's before the huge jump in numbers so far this year. Jim Boulden, CNN, London.</s>LAKE: They look like they're having fun. Well, the Philippines want to become a premier travel destination in Asia, but the country's tourism minister says it faces stiff competition from its regional neighbors. Ramon Jimenez told Jim Boulden that can actually be an advantage. Here's what he had to say.</s>RAMON JIMENEZ, PHILIPPINES TOURISM SECRETARY: Asian is a tremendous block of, I would say, just natural friends. And the more we compete, the more people we attract to each other's market, and each other's country, so we compete in earnest, in a very friendly way.</s>BOULDEN: Yes.</s>JIMENEZ: But in a very -- shall we say -- a very active way. And that really works.</s>LAKE: Now it will be easier for European travelers to get to the islands after Philippine Airlines resumes direct flights to London after more than 15 years. The first flight from Manila to London landed on Monday after the carrier was removed from a European Union blacklist last year. The airline says flights between Manila and other European destinations are also in the works. Joining me live now from London is Philippine Airlines president and chief operating officer Ramon Ang. Thank you so much for being with us today, sir. Fantastic to see you. Congratulations, but 15 years is a long time. What are you doing to win back customers?</s>RAMON S. ANG, PHILIPPINE AIRLINES PRESIDENT AND CHIEF OPERATING OFFICER: We are providing -- we are providing the best service, the safest service from London to Manila, with non-stop, just one take off and landing, best fair, lowest fare compared to any other airline, best service with our Philippino hospitality, and best food and fastest way from London to Manila in about 12 hours and connectivity on board. You can use your own cell phone and access to internet Wi-Fi throughout the flight. And our Philippine Airline extensive route network -- we can connect you to any part of Asia, America, Japan, China and Taiwan, and -</s>LAKE: Tell me, how are your -- who are your target customers? Who are you going after? Is it Philippinos who are living abroad, are you trying to attract tourists, is it the business traveler? Who do you have your sights set on?</s>ANG: I think we are targeting tourists but not only tourists, but also the businessman from Europe and Asia. And I think Philippine Airline can provide these travelers with the best value. We offer lowest fare compared to any other one or two-stops airline traveling between Europe and Asia or Philippines.</s>LAKE: Well I can tell you competition always a good thing for consumers, for travelers, you're going to have your work cut for you, but we wish you the best of luck.</s>ANG: Thank you thank you.</s>LAKE: Thank you for being with us. Well Zimbabwe is trying to lure more tourists to that country at the World Travel Market to help drive economic growth. I asked the Zimbabwe tourism minister just how important the industry was to the economy.</s>WALTER MZEMBI, ZIMBABWE'S TOURISM AND HOSPTILITY INDUSTRY MINISTER: It's 10 percent contributed to gross domestic product. Employs directly and indirectly 300,000 people and is projected to grow to 15 percent contribution, employing some 450,000 by 2015. Currently, we are ending just about 1.1 billion from the sector and we projected to grow to some 3 billion or so of the United States dollars by 2015. So it is set to grow and set to be a major player in our economy. It's going to facilitate and stimulate the economic turnaround and growth going forward.</s>LAKE: Which will be so important, and clearly there's huge potential but also some challenges. There is I think some lingering perception because of the country's history of political instability some tourists maybe wonder is it safe or reliable for me to book a holiday to Zimbabwe. What are you doing to address that?</s>MZEMBI: Well, they just concluded 20th session, the United Nations World Tourism Organization general assembly which is the premier global event that is held every two years (inaudible) all the world and any destination. A highly committed (forum) by countries, the 156 membership was just recently held in Zimbabwe. On the border between Zimbabwe and Zambia, the Victoria Falls in itself a natural wonder of the world, and it was described by the UNWTO Secretary-General Dr. Taleb Rifai as the best ever general assembly in the history of general assemblies since their consummation in 1975. And that confirmation of 147 countries visiting, 900 affiliate business organizations including 400 media is in itself a confirmation of the investment of brand Zimbabwe, and the global endorsement of our destination going forward. And we are riding on that success in London as you can see and it couldn't be better.</s>LAKE: Now your office has made a real effort to reach out to Chinese tourists in particular. Why is that so important?</s>MZEMBI: Well, $140 billion expenditure they've just surpassed Germany as the biggest spender, the Chinese. We intend having a bit of action from that and we have a preferred destination access agreement with the Chinese which we would like to see taking more practical effect between our two republics. And I would hope and I dream that one day we can have a (inaudible) flight between Victoria Falls and Beijing and Beijing and (Inaudible) so that we can have a piece of this action.</s>LAKE: All right, for all of you that have travel booked this week, we want to check in on the weather. Of course Jenny Harrison is at the CNN International Weather Center Hi, there, Jenny.</s>JENNY HARRISON, WEATHER ANCHOR FOR CNN INTERNATIONAL: Hey, Maggie, you're quite right. And of course it's that time of the year, conditions are changing quite rapidly in some cases. And in Europe it's still a very wet and very windy picture. The last few hours have been more of the same coming in across areas of the west. And you can see that the cloud is certainly very thick and of course the rain's been coming in with it as well, being blown in by these very, very blustery conditions. Now, one thing I can tell you too in that cooler air we're seeing quite a bit of snow but also look at these wind gusts in just the last few hours. In Spain first of all, 136 kilometers and across in the Czech Republic 98 kilometers an hour. And we could well have more of that very windy weather. But in the meantime, have a look at this because my goodness, doesn't it look lovely -- one of the vineyards there crossing into western regions of Germany. This is of course the colors beginning to change. The leaves on the trees -- well it has to be said not a great deal of color changing going on just yet here. This is actually Wilshire, and this is in sort of the west as well above the U.K. So the leaves will begin to change and I have to say if the windy and rather cool weather continues, we're going to see certainly plenty of that and certainly plenty of leaves being blown off the trees as well. But it's the central Med. This is where we're seeing some very, very stormy conditions. There have been warnings in place the last couple of days, and more of the same too as we continue through the next couple of days, so much so that Tuesday into Wednesday the warnings are in place. Mostly for heavy rain and always a chance of tornados. But hopefully nothing more than that, and the system is moving pretty quickly out of the way. Something we do need to be aware of is Acqua Alta in Venice. This was taken a day ago. You can see the water level beginning to rise. It has of course been a lot higher than that in the past, and so much so that the warnings have actually been issued. Now normal tide is anything up to and below 80 centimeters. But of course once it gets higher than that, this is what we see. And of course warnings go hand in hand with some of these levels, and of course once we get to some of these heights of water then as much as 17, maybe 19 in some of the city at times have been and can be flooded. So, the warnings are in place actually for Wednesday morning just after midnight, 12:15 a.m. local time, maybe 80 centimeters. So that of course means high tide and it could be as high as that. So not the highest warning but enough to cause some flooding in some parts of the city. But the worst of that weather really continues to move away towards the southeast. But you can see that line of pink and white across the Alps -- that of course is the snow accumulating. And plenty of snow accumulating in areas across Scandinavia and also areas of the U.K. But for the most part, because it's generally quite mild, this is just a very wet picture. And talking of how mild it has been, well, the stats are in and certainly in the U.K., the ninth warmest October on record -- the average temperature 11.2 Celsius. And look at this, in some areas as many as 3.5 degrees above the average, to the north as many as 2.5. So that really is something you can certainly feel. And as for what's going on in the next couple of days, got snow accumulating across the Alps and then when it comes to temperatures, not too bad. Most places in double figures. You can see the cooler air in place -- 15 in Paris and 11 Celsius in Vienna. Maggie.</s>LAKE: All right, the skiers will be happy about that snow. Jenny Harrison for us at the Weather Center. Well the momentum stock of the year is taking a hit. Tesla shares are falling 9 percent in after-hours trade. Investors seem disappointed with Tesla's third-quarter results, even though the headline numbers beat the Street. Earnings came in at 12 cents a share, a penny ahead of estimates. Revenue was $603 million, also better than expected. The issue appears to be with its outlook for the fourth quarter. Tesla says it plans to deliver just under 6,000 Model S cars. Analysts it appears were expecting a higher figure. Now even with that, (sell off) Tesla shares are up 400 percent this year, so, a lot of (froth) in there. Well, a treasure trove of masterpieces hidden away for decades. Investigators share new details on the man who kept the paintings and the works and the priceless discovery when we come back.