AUSTRALIA - An electrical storm left thousands of homes without power in Brisbane. One energy company reported power cuts to more than 15,000 homes as the winds brought down powerlines.
VATICAN - A Vatican newspaper has forgiven the late English singer John Lennon for saying four decades ago that The Beatles were more popular than Jesus. In an article praising The Beatles, L'Osservatore Romano said Lennon had just been showing off.
LONDON - The Government is refusing to release a detailed report into mistakes made by social services prior to the horrific death of Baby P.
LONDON - Fears of a severe recession gripped financial markets on Thursday as dire US unemployment figures helped drive long-term interest rates to record lows.
USA - US economic, military and political dominance is likely to decline over the next two decades, according to American intelligence agencies.
UK - British companies have cut more than 24,000 jobs over the past week, after Rolls-Royce, AstraZeneca and BAE Systems this morning added to the growing tally of unemployment.
WASHINGTON — Congressional leaders told Detroit's Big Three automakers Thursday that they have until Dec. 2 to submit a plan to Congress on how they will use billions of taxpayer funds to bring their companies from the brink of destruction.
CHICAGO - Conservatives who have abandoned the U.S. Episcopal Church by the thousands in recent years are trying to form a separate-but-equal church, a move that could leave two branches of Anglicanism on American soil.
USA - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.
VATICAN - Pope Benedict XVI was the first to predict the crisis in the global financial system, a "prophecy" dating to a paper he wrote when he was a cardinal, Italian Finance Minister Giulio Tremonti said.
IRAN - According to an article published Thursday in the New York Times, "Iran has now produced roughly enough nuclear material to make, with added purification, a single atom bomb, according to nuclear experts."
USA - Oil prices have fallen below $50 a barrel for the first time since May 2005 amid fears of a recession and expectations that demand will drop. US light sweet crude fell to $49.06, while London-traded Brent crude fell to $48.90 a barrel.
UK - Royal Bank of Scotland (RBS) chairman, Sir Tom McKillop, has said he is "profoundly sorry" for the bank's financial difficulties. Shareholders have voted by 99% in favour of accepting a £20bn ($29.9bn) government bail-out.
UK - "Eurozone membership is still no answer for UK". Martin Wolf argues in his column for the FT that the UK now needs a strong depreciation in the real exchange rate, and that what some consider a sterling crisis is actually good news.
IRELAND - The Irish Independent reports that Libertas Chairman Declan Ganley yesterday told an Irish parliamentary committee: "Let's not have another referendum because if it's 'No' it will probably provoke the collapse of the Government or some senior figures in it."