Gunmen have shot dead 12 people at the Paris office of French satirical magazine Charlie Hebdo in an apparent militant Islamist attack.
Four of the magazine’s well-known cartoonists, including its editor, were among those killed, as well as two police officers.
A major police operation is under way to find three gunmen who fled by car.
President Francois Hollande said there was no doubt it had been a terrorist attack “of exceptional barbarity”.
It is believed to be the deadliest attack in France since 1961, when right-wingers who wanted to keep Algeria French bombed a train, killing 28 people.
The masked attackers opened fire with assault rifles in the office and exchanged shots with police in the street outside before escaping by car. They later abandoned the car in Rue de Meaux, northern Paris, where they hijacked a second car.
Death threats
Witnesses said they heard the gunmen shouting “We have avenged the Prophet Muhammad” and “God is Great” in Arabic (“Allahu Akbar”).
The number of attackers was initially reported to be two, but French Interior Minister Bernard Cazeneuve later said security services were hunting three “criminals”. He said that Paris had been placed on the highest alert.
Charlie Hebdo editor Stephane Charbonnier, 47, had received death threats in the past and was living under police protection.
French media have named the three other cartoonists killed in the attack as Cabu, Tignous and Wolinski, as well as Charlie Hebdo contributor and French economist Bernard Maris.
The attack took place during the magazine’s daily editorial meeting.
At least four people were critically wounded in the attack.
People had been “murdered in a cowardly manner”, President Hollande told reporters at the scene. “We are threatened because we are a country of liberty,” he added, appealing for national unity.
French government officials are holding an emergency meeting, and President Hollande is due to give a televised address later.

The satirical weekly has courted controversy in the past with its irreverent take on news and current affairs. It was firebombed in November 2011 a day after it carried a caricature of the Prophet Muhammad.
Global condemnation
The latest tweet on Charlie Hebdo’s account was a cartoon of the Islamic State militant group leader, Abu Bakr al-Baghdadi.
Charlie Hebdo’s website, which went offline during the attack, is showing the single image of “Je suis Charlie” (“I am Charlie) on a black banner, referring to a hashtag that is trending on Twitter in solidarity with the victims.
US President Barack Obama has condemned the “horrific shooting”, offering to provide any assistance needed “to help bring these terrorists to justice”.
UN Secretary General Ban Ki-moon said: “It was a horrendous, unjustifiable and cold-blooded crime. It was also a direct assault on a cornerstone of democracy, on the media and on freedom of expression.”
UK Prime Minister David Cameron said in a tweet: “The murders in Paris are sickening. We stand with the French people in the fight against terror and defending the freedom of the press.”
The Arab League and Al-Azhar mosque, Egypt’s top Islamic institution, have also condemned the attack.

Analysis: Hugh Schofield, BBC News, Paris
Charlie Hebdo is part of a venerable tradition in French journalism going back to the scandal sheets that denounced Marie-Antoinette in the run-up to the French Revolution.
The tradition combines left-wing radicalism with a provocative scurrility that often borders on the obscene. Its decision to mock the Prophet Muhammad in 2011 was entirely consistent with its historic raison d’etre.
The paper has never sold in enormous numbers – and for 10 years from 1981, it ceased publication for lack of resources.
But with its garish front-page cartoons and incendiary headlines, it is an unmissable staple of newspaper kiosks and railway station booksellers.

Jakarta/Singapore: The tail section of the AirAsia flight that went down more than a week ago was found on Wednesday in the Java Sea, raising hopes that the plane’s black boxes might soon be recovered to determine the cause of the mysterious crash.

“We have found the tail that has been our main target today,” Bambang Soelistyo, the head of Indonesia’s search and rescue told reporters in Jakarta as the search operation entered its 11th day. The tail is the section where the black boxes are located.

The black boxes are often considered the key piece of evidence when it comes to investigating a commercial plane disaster. They provide valuable information, from a plane’s air speed to the position of the landing gear, to pilot communications. Soelistyo said divers were preparing to go back underwater in the same area, which is in one of the priority zones where search efforts have been focused.

Searchers have been scouring the choppy waters of the Java Sea for remains from the commercial jet since it lost contact on December 28 with 162 people on board. AirAsia group chief executive Tony Fernandes confirmed the announcement in a post on his Twitter account.

“I am led to believe the tail section has been found. If right part of tail section then the black box should be there,” he tweeted. “We need to find all parts soon so we can find all [our] guests to ease the pain of our families. That still is our priority.”

Flight QZ8501 plunged into the water off Borneo island about 40 minutes into a two-hour flight from Indonesia’s second-biggest city Surabaya en route to Singapore. No survivors have been found.

Forty bodies have been recovered so far but authorities believe most of the passengers could still be inside the main body of the plan. The search area was widened on Wednesday with the establishment of two new sectors, said Chief of the Malaysian Navy Abdul Aziz Jaafar.

Underwater current was still strong of around 4-5 knots and the visibility was still limited for the sea divers on Tuesday to identify more findings from the seabed where the plane crashed.

At the weekend search officials said sonar had detected what they thought were five large parts of the plane, but strong currents and rough seas would not allow divers to confirm they were from the AirAsia flight. The cause of the crash is not know, but the plane was flying through stormy weather at the time and had requested permission to change course.

Indonesian aviation officials have said that AirAsia did not have permission to fly the Surabaya-Singapore route on the day of the crash.

Maharashtra government increases 2015 ‘ready reckoner’ rates

UAE-based non-resident Indians (NRIs), who plan to buy a property in Mumbai, will now have to shell out more money in taxes this year because the Maharashtra government has increased 2015 ‘ready reckoner’ rates.

The hike, effective January 1, 2015, ranges between 15 and 40 per cent and makes buying property far more costly for the common man.

Ready reckoner rates, which are mandatory for the state government to be released at the beginning of the year, are used to calculate the market value of properties for paying stamp duty, registration charges, value added tax, sales tax. These rates are different from market rates.

Upscale residential localities such as Worli and Bandra-Kurla Complex are among places where rates have been increased by 30 to 40 per cent, The Times of India reported.

Rates in suburbs such as Goregaon, Borivali, Malad, Chembur, Ghatkopar and Vikhroli have also increased.

While the average hike across the city is between 15 per cent and 20 per cent for 2015, the highest increase is about 40 per cent. On an average, the hike in the past two years has been 13 per cent only, the newspaper said.

A survey carried out by Sumansa Exhibitions, the organizers of the Indian Property Show, in December 2014 found majority of NRIs favouring Mumbai as the most popular property investment destination.

“Its sad to know that the ready rates have gone up. I am going to pay more for my property purchase this year… well for us (NRIs) the rupee weakening is already a bonus and so it will offset some of the cost. The rate increase isn’t likely to change my decision,” Sai Pandare, an account with a Dubai-based firm, told Emirates 24|7.

S Maheshwari, who already owns a one-bed house in Borivali, says: “The rates have shot up and I believe that they will be revised soon. The government cannot tax people to fill their coffers. I will wait and see for some months and then take a decision on whether to buy in Mumbai or some other Indian city.”

A weakening rupee helps NRIs to buy a property in India at approximately 10 to 20 per cent (depending on the currency rate) cheaper. On Sunday, one dirham was fetching Rs17.22.

PTI