Europe's leading central banks emulate US Federal Reserve and cut interest rates by half a percentage point in an effort to avert a global recession; Bank of England lowers its principal interest rate to 4 pct, while the European Central Bank reduces its main lending rate to 3.25 pct.
Scotland's first minster, Henry McLeish resigns, having failed to extricate himself from an affair about undeclared rental income from his constituency office - FT
European business leaders to call for early UK euro entry - FT
Two Cambridge researchers say bank security systems could be cracked in a day using a 700 stg device - FT
Opec eyes cut in production to counter collapse in oil prices - Independent Pace Micro Technology in talks with BBC and ITV about producing a basic set-top box to allow consumers to receive free-to-air channels over the digital terrestrial platform - Independent
More than 100 mln usd was found to be missing from two World Trade Center money-trading firms after the Sept 11 attacks, according to a lawsuit filed in Manhattan - Times
European cartel watchdogs raid UK offices of Coats; raids form part of a European Commission inquiry into alleged price fixing in the market for sewing needles - Times