The Guardian leads on the latest financial crisis and its effcet on the UK
City regulators are urgently seeking assurances that Britain's major banks are protected from the deepening debt crisis in Dubai amid fears that a possible default by the region's major property developer will cause another major jolt to the already fragile financial system.
The spectre of “Financial Crisis 2” continued to loom over global markets yesterday after Dubai’s revelation that it may not be able to meet its debt obligations. says the Times adding that
In another blow to the beleaguered UK banking sector, the Royal Bank of Scotland emerged as the largest single loan-arranger to Dubai World, the state-owned conglomerate that sparked this latest financial crisis when it sought a standstill on its debt repayments on Wednesday.
At least 22 people were feared dead and many more injured last night after an express train carrying hundreds of passengers from Moscow to St Petersburg derailed.
Banks feature on the front of the Independent as well as it reports that
Lloyds Banking Group was facing a furious backlash from customers last night after announcing it would ask the courts to strike out thousands of legal claims against it just two days after a landmark legal judgment in the overdraft fees case.
According to the Mail,Millions of families face postal chaos this Christmas after unions threatened fresh strikes.
The move would cause maximum disruption at the busiest time of the year as Royal Mail delivers cards and presents. A letter sent to members of the Communication Workers Union this week, and seen by the Daily Mail, warns of fresh walkouts.
The Times claims that The UK Independence Party offered to disband if David Cameron agreed to hold a referendum on the ratified Lisbon treaty.
Lord Pearson of Rannoch, UKIP’s newly elected leader, says in an interview with The Times today that he proposed the deal after the party’s strong showing in the European elections.
Meanwhile according to the Telegraph,The Conservatives have taken a commanding lead in the battleground seats that will decide the next general election
The YouGov survey of voters in 32 northern marginal seats currently held by Labour shows the Conservatives lead Labour by 42 per cent to 36 per cent, enough for all to fall into Tory hands. In the same seats at the 2005 election, the Tories polled 34 per cent with Labour on 44 per cent.
The later editions carry the emerging news that at least 22 people were feared dead and many more injured last night after an express train carrying hundreds of passengers from Moscow to St Petersburg derailed.
Early indications from government officials suggest a bomb may have been the cause, after investigators found a three-foot crater beneath the rails.says the Guardian
According to the Telegraph Gordon Brown has led calls for new sanctions against Iran after the UN's nuclear watchdog issued the country with its first official rebuke in almost four years.
Delegates at the International Atomic Energy Agency (IAEA) in Vienna overwhelmingly backed a resolution expressing dismay at the discovery of a secret nuclear facility buried deep in a mountain bunker near the holy city of Qom.
Gordon Brown has unveiled a $22bn (£13.3bn) global fund to respond to the world's "climate emergency" by fast-tracking funds to poorer countries from next year.reports the Guardian
In an intensification of preparations for the Copenhagen summit, which starts on 7 December, the prime minister announced the spending pledge to halt deforestation, build flood defences and boost renewable supplies in the developing world.
The Independent meanwhile reports that Gordon Brown met Fifa's controversial vice-president, Jack Warner, yesterday to plead for his votes in favour of England's troubled football World Cup bid.
Staying with sport and many of the papers report that Tiger Woods was knocked out for six minutes and suffered face injuries in a 2am car crash after a bust-up with his wife.
The 33-year-old was pulled from the vehicle by Swedish model missus Elin Nordegren after hitting a fire hydrant and a tree close to their Florida home.says the Sun
According to an exclusive in the Times,the Church of England is facing the loss of as many as one in ten paid clergy in the next five years
The credit crunch and a pension funding crisis have left dioceses facing massive restructuring programmes. Church statistics show that between 2000 and 2013 stipendiary or paid clergy numbers will have fallen by nearly a quarter.
Finally aliens from outer space are already among us on earth, say Bulgarian government scientists who claim they are already in contact with extraterrestrial life.
reports the Telegraph
Work on deciphering a complex set of symbols sent to them is underway, scientists from the country's Space Research Institute said.
They claim aliens are currently answering 30 questions posed to them.
Lachezar Filipov, deputy director of the Space Research Institute of the Bulgarian Academy of Sciences, confirmed the research.
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