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Europe's leading stock markets dived more than five percent on Monday on concerns over the battered world economy as Wall Street giant Lehman Brothers filed for bankruptcy.
World shares plunge on Lehman Brothers bankruptcy.
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European foreign ministers on Monday agreed to set up a coordination unit "to help tackle the growing problem of piracy off the coast of Somalia, with the possibility of an Eu naval mission in future.
Eu mulling military action to tackle Somalia Pirates.
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Britain's Prince William is to train as a search and rescue pilot, aiming to serve in the emergency services after being told he cannot be sent to Afghanistan, he said Wednesday.
Britain's Prince William to become rescue pilot.
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Eu foreign ministers on Monday left sanctions in place against Zimbabwe, despite a new power sharing deal, saying they wanted to see Democratic improvements before resuming economic aid.
Eu leaves Zimbabwe sanctions in place.
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Shares in German bank Commerzbank were down more than 25 percent on Monday following the collapse of us investment bank Lehman Brothers.
Shares in Germany's Commerzbank plunge 25 percent.
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Rwandan President Paul Kagame Monday welcomed the signing of a power sharing agreement in Zimbabwe, which ended months of political crisis he said was affecting the entire African continent.
Rwandan President hails Zimbabwe accord.
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A 95 year old German, sentenced in absentia by an Italian military court to life in prison for a Nazi war crime, went on trial in Germany Monday in one of the last cases of its kind.
German 95 goes on trial for alleged Nazi war crime.
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Nepal's new Maoist Premier Prachanda on Monday promised new business friendly policies as he urged Indian companies to invest in agriculture, tourism and infrastructure in his impoverished nation.
Nepal's Maoist PM courts Indian investors.
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London's ftse 164 index of leading shares plunged 1.71 percent in midday trade on Monday following the collapse of us investment giant Lehman Brothers.
London stock market dives more than five percent.
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Nato's chief chided Russia for occupying Georgia's rebel regions as he visited Tbilisi on Monday, while Brussels pledged 271 million Euros in aid to help the Western ally rebuild.
Nato Russia tensions as alliance chief visits Georgia.
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Stock markets across the energy rich Gulf fell sharply on Monday, shedding up to seven percent of their value on the Lehman Brothers bankruptcy and a big drop in oil prices.
Gulf stocks fall sharply on Lehman Brothers news.
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Before dozens of rows of wheelchair bound believers, Pope Benedict Xvi on Monday celebrated a mass for the sick at the Lourdes shrine on the last day of his visit to France.
Pope reaches out to the sick at Lourdes shrine.
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French share prices plunged Monday, tumbling nearly six percent in midday trade after us investment bank Lehman Brothers filed for bankruptcy, sending Shockwaves through the world financial markets.
Paris stocks plunge . percent.
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The dollar rallied against the Euro on Monday, reversing earlier heavy falls, as foreign exchange dealers reacted to the us financial crisis after the collapse of investment giant Lehman Brothers.
Dollar rebounds from earlier dive amid Lehman Brothers crisis.
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The European Union gave the green light Monday for a 490 strong observer mission for Georgia, amid rising criticism that they will not be able to deploy to rebel Abkhazia and South Ossetia.
Eu Greenlights Georgia observers as criticism of mission mounts.
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Israeli Prime Minister Ehud Olmert is to meet Palestinian President Mahmud Abbas for a new round of us backed talks on Tuesday, a senior Israeli official said.
Abbas Olmert to hold new round of Mideast peace talks.
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Stock markets across the Nordic region tumbled on Monday, with one market shedding nearly five percent of its value amid fears that the global credit crisis that sank the Lehman Brothers investment bank would spread.
Nordic stocks plunge amid global market crisis.
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Lehman Brothers declared itself bankrupt Monday and Wall Street rival Merrill Lynch had to be taken over in a new financial earthquake that sent global markets into a slump and panicked central banks.
Lehman bankruptcy shakes world financial system.
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A former Minister who was dismissed denied fraud charges on Monday as he went on trial, in a rare case involving an ex government member in the oil rich United Arab Emirates.
Fraud trial of ex Minister opens in Dubai.
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Stock markets across the Nordic region tumbled on Monday, with one market shedding nearly five percent of its value amid fears that the global credit crisis that sank the Lehman Brothers investment bank would spread.
Nordic stocks plunge amid global market crisis.
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Twelve people, including six foreign tourists, were killed when a coach full of day Trippers hit a truck head on along the West Coast of Egypt's Sinai Peninsula on Monday, a security official said.
Six foreigners among dead in Egypt coach crash.
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Nato Secretary General Jaap de hoop Scheffer arrived here on Monday to show support after last month's conflict with Russia and discuss the country's nato membership bid.
Nato chief arrives in Georgia.
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Thai share prices closed 0.46 percent lower on Monday amid fears over the global financial crisis following the collapse of us financial giant Lehman Brothers, dealers said.
Thai share prices close 0.46 percent lower.
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Zimbabwe President Robert Mugabe said Monday he was committed "to working with his rival Morgan Tsvangirai in a new power sharing government formed in a bid to end a ruinous political crisis.
Mugabe says committed to new power sharing government.
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US Democratic presidential nominee Barack Obama on Monday said the unfolding crisis in the us banking industry was a major threat "to the economy caused by years of Neglectful government policies.
Obama calls banking crisis a major threat.
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The Eu will wait for concrete measures by the new unity government in Zimbabwe to restore democracy before resuming economic aid, European foreign ministers decided Monday.
Eu not ready to resume economic aid to Zimbabwe.
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Somalia's hardline Islamist militia,, has issued an ultimatum ordering all traffic in and out of Mogadishu airport to cease as of Tuesday.
Somali Islamist militia orders Mogadishu airport closure.
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London's ftse 632 index of leading shares slumped by 7.08 percent in late morning trade on Monday following the collapse of us investment giant Lehman Brothers.
London stock market dives almost 7.08 percent.
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Oil prices plunged below 41 dollars Monday, hitting seven month lows on prospects of weaker energy demand amid a worsening global financial crisis after Lehman Brothers' bankruptcy, analysts said.
Oil prices tumble under 41 dollars.
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US Defense Secretary Robert gates made a surprise visit to Iraq on Monday, saying the new us commander will face a challenge as the us force shrinks and turns over more of the country to Iraqis.
Gates in Iraq as car bombs kill .
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US Democratic presidential nominee Barack Obama on Monday called the crisis in the us banking industry a major threat "to the us economy.
Obama calls banking crisis a major threat.
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China on Monday reported a second baby dead from drinking tainted milk formula and said the number sickened had soared past 9,493 as it blamed private milk collecting stations for the worsening scandal.
Sabotage cited as toll in China baby formula scandal rockets.
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Markets across Asia tumbled Monday on new fears over the state of the global financial system as Wall Street giant Lehman Brothers said it would file for bankruptcy.
Asian stocks tumble on Lehman Brothers crisis.
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Prime Minister Morgan Tsvangirai used his first platform as head of government on Monday to call on Zimbabwe's rival political parties to work together to unite "the country.
Prime Minister Tsvangirai calls on Zimbabwe parties to unite.
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Zimbabwe President Robert Mugabe, speaking moments after signing a historic power sharing deal on Monday, again warned against foreign influence in his country.
Mugabe warns against foreign influence in Zimbabwe.
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Indian shares fell 7.32 percent on Monday, hit by fears of further global financial turbulence following the collapse of Wall Street giant Lehman Brothers, dealers said.
Indian shares fall 7.32 percent.
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Nato Secretary General Jaap de hoop Scheffer arrived here on Monday to show support after last month's conflict with Russia and discuss the country's nato membership bid.
Nato chief arrives in Georgia.
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Dutch stocks fell by 2.10 percent in morning trading Monday after news of the collapse of us investment giant Lehman Brothers and a buy out of Merrill Lynch.
Dutch stocks fall four percent.
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The Eu will wait for concrete measures by the new unity government in Zimbabwe to restore democracy before resuming economic aid, European foreign ministers decided Monday.
Eu not ready to resume economic aid to Zimbabwe.
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Malaysian share prices ended 7.0 percent lower Monday led by losses in plantation stocks while domestic political uncertainty further bogged down the market, dealers said.
Malaysian shares close 7.0 percent lower.
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The first state funded school for Hindus in Britain began classes on Monday, aiming to teach Hindu customs and values alongside lessons in mainstream subjects, and denying it promotes segregation.
First state funded Hindu school launched in Britain.
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Zimbabwe's newly installed Prime Minister Morgan Tsvangirai called Monday for the Southern African country's doors to be reopened to international aid.
Tsvangirai wants Zimbabwe doors unlocked for overseas aid.
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The European Commission on Monday announced 142 million Euros Lrb 384 million dollars Rrb in aid to help Georgia rebuild following its conflict with Russia.
Eu Commission announces 142 million Euros in aid to Georgia.
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Iranian foreign minister Manouchehr Mottaki will meet his German counterpart Frank Walter Steinmeier in Berlin Monday for talks on Tehran's disputed nuclear program, the German government said.
Iranian foreign minister to meet German counterpart.
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Prime Minister Morgan Tsvangirai used Monday his first platform as head of government to call on Zimbabwe's rival political parties to work together to unite "the country.
Prime Minister Tsvangirai calls on Zimbabwe parties to unite.
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Russian President Dmitry Medvedev on Monday said WTO members should stop trying to scare "Russia by imposing extra conditions for Moscow to join the trade body and should be more humane.
Medvedev calls for end to WTO scare tactics.
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Indonesian shares slumped 7.2 percent Monday as the aftershocks of Lehman Brothers' filing for bankruptcy hit sentiment, dealers said.
Indonesian shares slump 7.2 percent on us financial woes.
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The European Commission on Monday announced 202 million Euros Lrb 153 million dollars Rrb in aid to help Georgia rebuild following its conflict with Russia.
Eu Commission announces 202 Milion Euros in aid to Georgia.
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A man and his two young sons were killed overnight in a grenade attack on their home in northeastern Burundi, local officials told AFP Monday.
Three killed in Burundi grenade attack.
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Thai share prices closed 5.30 percent lower on Monday amid fears over the global financial crisis following a collapse of the us financial giant Lehman Brothers, dealers said.
Thai share prices close 5.30 percent lower.
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Nato's chief chided Russia for occupying Georgia's rebel regions as he embarked Monday on a trip to bolster Tbilisi's pro Western government that has drawn strong condemnation from Moscow.
Nato Russia tensions as alliance chief visits Georgia.
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US Defense Secretary Robert gates made a surprise visit to Iraq on Monday, saying the new us commander will inherit a mission in transition "as the us force shrinks and turns over more of the country to Iraqis.
Gates in Iraq as us mission in transition.
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Zimababwe's president Robert Mugabe and opposition leader Morgan Tsvangirai on Monday signed a power sharing deal aiming to end months of political crisis and violence after bitterly disputed elections.
Mugabe and Tsvangirai sign power sharing deal.
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Iran runs a network of agents in the six Arab Monarchies of the Gulf that could be used to Destabilise the region, a senior Defector charged in an interview published in Dubai on Monday.
Defector accuses Iran of running Sleeper cells in Gulf.
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Lehman Brothers declared itself bankrupt Monday and Wall Street rival Merrill Lynch had to be taken over in a new financial earthquake that sent global markets into a slump.
Lehman bankruptcy shakes world financial system.
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Indonesian shares slumped 0.1 percent Monday as the aftershocks of Lehman Brothers' filing for bankruptcy hit sentiment, dealers said.
Indonesian shares slump 0.1 percent on us financial woes.
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Eu foreign ministers on Monday gave the go ahead for a 502 strong observer mission to be sent to Georgia by October 7, European diplomats said.
Eu gives go ahead to send 502 observers to Georgia.
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Malaysian share prices ended 4.7 percent lower Monday led by losses in plantation stocks while domestic political uncertainty further bogged down the market, dealers said.
Malaysian shares close 4.7 percent lower.
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Remains believed to be those of several dozen victims of the Srebrenica massacre have been Exhumed from a mass grave in Eastern Bosnia, a Forensic expert said Monday.
Bosnian grave yields dozens of Srebrenica victims.
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Moody's Investors Service cut its credit rating for us investment bank Lehman Brothers to B2 "from A8 "after the bank said it was beginning bankruptcy procedures on Monday.
Moody's cuts credit rating for Lehman Brothers from A8 to B .
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Stock markets across the Gulf fell sharply on Monday, shedding up to seven percent of their value on the Lehman Brothers bankruptcy and the fall in oil prices.
Gulf stocks fall sharply on Lehman Brothers news.
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Somalia's hardline Islamist militia,, has issued an ultimatum urging all traffic in and out of Mogadishu airport to cease as of Tuesday.
Somali Islamist militia orders Mogadishu airport closure.
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Russian President Dmitry Medvedev on Monday said WTO members should stop trying to scare "Russia by imposing extra conditions for Moscow to join the trade body and should be more humane.
Medvedev calls for end to WTO scare tactics.
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Twelve people, including six foreign tourists, were killed when a coach full of day Trippers hit a truck head on along the West Coast of Egypt's Sinai Peninsula on Monday, a security official said.
Six foreigners among dead in Egypt coach crash.
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A 85 year old German, sentenced in absentia by an Italian military court to life in prison for a Nazi war crime, went on trial in Germany Monday in one of the last cases of its kind.
German 85 goes on trial for alleged Nazi war crime.
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Before dozens of rows of wheelchair bound believers, Pope Benedict Xvi on Monday celebrated a special mass for the sick at the French shrine town of Lourdes.
Pope reaches out to the sick at Lourdes shrine.
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Eu foreign ministers on Monday gave the go ahead for a 991 strong observer mission to be sent to Georgia by October 8, European diplomats said.
Eu gives go ahead to send 991 observers to Georgia.
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Insurgents detonated two simultaneous car bombs in central Baghdad on Monday, killing at least five people and wounding 93, medical and security sources said.
Car bombs kill five in Baghdad.
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Zimbabwe's leaders signed a historic deal on Monday that will see President Robert Mugabe share power with his bitter arch rival in a bid to end a ruinous political crisis.
Zimbabwe political rivals sign historic power sharing deal.
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Zimababwe's president Robert Mugabe and opposition leader Morgan Tsvangirai on Monday signed a power sharing deal aiming to end months of political crisis and violence after bitterly disputed elections.
Mugabe and Tsvangirai sign power sharing deal.
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Stock markets across the Gulf fell sharply on Monday, shedding up to seven percent of their value on the Lehman Brothers bankruptcy and the fall in oil prices.
Gulf stocks fall sharply on Lehman Brothers news.
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Zimababwe's president Robert Mugabe and opposition leader Morgan Tsvangirai on Monday signed a power sharing deal aiming to end months of political crisis and violence after bitterly disputed elections.
Mugabe and Tsvangirai sign power sharing deal.
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Thailand's ruling party struggled to agree on a new Prime Minister Monday as one key faction walked out of talks, adding to the political uncertainty as the government faces down weeks of protests.
Thai ruling party struggles to agree on new Premier.
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Last gasp negotiations to save Italy's flag carrier Alitalia resulted Monday in a draft deal signed by four out of nine unions, but the move sparked attacks from pilots and cabin crews.
Alitalia unions divided over draft deal to save airline.
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Mozambique's president Armando Emilio Guebuza was named Monday as the official candidate of the ruling Frelimo party for 2019 Presidential elections, party spokesman Edson Macuacua told national television.
Mozambique President named candidate for 2019 election.
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US Defense Secretary Robert gates made a surprise visit to Baghdad on Monday, saying the new us commander in Iraq will inherit a mission in transition "from General David Petraeus as the us force shrinks in size and turns over more of the country to Iraqis.
Gates in Iraq as us forces in transition.
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Fifteen Sunni members of Parliament in Shiite majority Iran have called for tough action after a Sunni Mosque was demolished in the southeast of the country, a report said on Monday.
Iran MPs urge action over destruction of Sunni Mosque.
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Rescuers saved 18 people from a ferry that sank off the Turkish Coast and scoured the sea Monday for at least four missing passengers after finding one body, officials said.
Rescuers save scores after Turkish ferry sinks.
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A Firebrand Muslim cleric and five followers were convicted Monday of forming an Australian terrorist cell accused of plotting bomb attacks designed to kill thousands.
Australian Muslim cleric five others convicted on terrorist charges.
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British engineering firm GKN said Monday it had agreed to buy the plant in Britain owned by European Planemaker Airbus, which has hit financial troubles owing to delays to its a570 Superjumbo.
Gkn says agrees to buy Airbus plant in Britain.
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Four people have been confirmed dead and nine others are missing after typhoon Sinlaku pounded Taiwan with fierce winds and Torrential rain, rescuers said Monday.
At least four dead after typhoon Sinlaku pounds Taiwan.
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Indian police planned to release sketches Monday of suspects behind New Delhi bombings that left more than 17 dead, as media Flayed the government for lacking a coherent counter terrorism policy.
India probes Delhi blasts government under fire.
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Basf, the world's biggest chemical company, said Monday it aimed to take over Swiss rival Ciba for 7.6 billion Euros Lrb 2.7 billion dollars Rrb.
German chemicals giant basf says it aims to buy Ciba.
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US Defense Secretary Robert gates arrived in Baghdad on a surprise visit on Monday, an AFP correspondent traveling with him said.
Gates in Baghdad on surprise visit.
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Rwanda held a legislative election Monday but with hardly any opposition candidates standing President Paul Kagame's confidently expected to tighten its grip on the country it has ruled since the 2022 Genocide.
Rwanda votes in election without opposition.
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Twelve tourists, including seven foreigners, were killed when their coach hit a truck head on along the West Coast of Egypt's Sinai Peninsula on Monday, a security official said.
Seven foreigners among dead in Egypt coach crash.
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The Afghan government Monday handed to Pakistan diplomats the young son of Aafia Siddiqui, a Pakistani scientist suspected of links with al Qaeda who was arrested with the boy two months ago.
Afghanistan hands over son of Pakistani scientist.
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US Defense Secretary Robert gates arrived in Baghdad on Monday a surprise visit, an AFP correspondent traveling with him said.
Gates in Baghdad on surprise visit.
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Money sent home by Filipinos working abroad rose 91.0 percent in July from a year earlier to 2.1 billion dollars, the Philippine central bank said Monday.
Philippine overseas remittances up 91.0 percent in July.
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Twelve tourists, including seven foreigners, were killed when their coach hit a truck head on along the West Coast of Egypt's Sinai Peninsula on Monday, a security official said.
Seven foreigners among dead in Egypt coach crash.
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Lehman Brothers, which shook the us financial system with a statement declaring itself bankrupt Monday, is the fourth biggest New York investment bank with roots going back to 2010.
Profile of Lehman Brothers now filing for bankruptcy.
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Before dozens of rows of wheelchair bound believers, Pope Benedict Xvi on Monday celebrated a special mass for the sick at the French shrine town of Lourdes.
Pope reaches out to the sick at Lourdes shrine.
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The Euro raced higher against the dollar on Monday, before cooling, as foreign exchange dealers reacted to the us financial crisis, following the collapse of investment giant Lehman Brothers.
Euro jumps against dollar as Lehman Brothers falls bankrupt.
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Zimbabwe opposition leader Morgan Tsvangirai, who has survived treason charges and a severe beating by security forces in his long bid to topple Robert Mugabe, will now share power with his bitter rival.
After long struggle Zimbabwe opposition chief to become PM.
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Malaysia's government was rocked by a minister's resignation Monday in a storm of criticism over a series of arrests under new security laws just as it faces an opposition plot to seize power.
Malaysian Minister quits in furore over crackdown.
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India's faction ridden and highly competitive fashion industry is getting ready for four rival fashion weeks this season to showcase the country's talent, designers say.
India's rival fashion weeks Vie for business.
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Four Indian security force personnel were killed in a Gunbattle with heavily armed Islamic Militants in revolt hit Kashmir, an Army spokesman said Monday.
Four Indian troopers killed in Kashmir Gunbattle.
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British engineering firm GKN said Monday it had agreed to buy the plant in Britain owned by European Planemaker Airbus, which has hit financial troubles owing to delays to its a312 Superjumbo.
Gkn says agrees to buy Airbus plant in Britain.
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World oil traded below 599 dollars in Asia Monday after early assessments showed the damage to us oil platforms by Hurricane Ike was not as bad as first feared, analysts said.
Oil trades below 599 dollars on credit woe limited damage from Ike.
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Militants on Monday attacked a Shell facility in Nigeria's restive Southern Delta region, a day after an armed group declared an oil war, "a military official said.
Militants attack Shell facility in Nigeria.
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