The following are the top stories in the Maltese and overseas press today:
The Times leads with a company statement by Bank of Valletta which said that it expected a modest impact from the collapse of Lehman Brothers. It also reports the power sharing deal reached in Zimbabwe.
l-orizzont highlights the policy paper issued yesterday by the GWU, where it warned against the exploitation of migrant workers and cheap labour.
The same story, and the Zimbabwe power sharing deal, feature on The Malta Independent, along with a picture of a British couple married yesterday at the Aviation Museum.
In-Nazzjon says a formal statement will be issued today on the dockyard following the closure yesterday of a call for expressions of interest.
The Press in Britain…
All newspapers focus on the fallout of Black Monday as share prices plummet around the world following the collapse of US investment bank Lehman Brothers, knocking off some 500 of the Dow Jones Industrial index.
The Independent says thousands of people face losing their jobs even if President Bush tried to assure the world the US economy was healthy enough to withstand the impact.
The Daily Mail says experts are warning that every saver, pension investor and homeowner in Britain would be hit.
The Financial Times says US authorities are fighting a fresh fire in the crisis on Wall Street as they throw a $20bn lifeline to AIG, one of the world’s biggest insurers. In another big market shake-up, Bank of America has agreed to buy Merrill Lynch for $50 billion.
The Guardian reports how share prices tumbled around the world during the most turbulent 24 hours since the start of the credit crunch 13 months ago.
The Daily Telegraph says share markets around the world tumbled following the meltdown of two of the biggest international banks.
The Daily Mirror pictures the boss of Lehman Brothers, Dick Fuld, who the newspaper says rejected several bids to save his ailing bank because he wanted to force the sale price up.
The Times says fears of a global financial meltdown grew as the world’s biggest bankruptcy plunged markets into turmoil.
The Daily Express says Britain is on the brink of all-out recession with 500,000 jobs predicted to go by the end of the year.
The Sun reports America’s presidential rivals Barack Obama and John McCain shifted their campaign efforts to the economy as the country woke to the disappearance of two Wall Street giants.
And elsewhere…
The International Herald Tribune quotes the European Union saying the new power-sharing government in Zimbabwe must restore democracy and the rule of law before EU sanctions could be lifted and economic aid resumed.
De Standaard reports that European foreign ministers meeting in Brussels have approved sending 200 ceasefire monitors to Georgia by October 1
Le Monde says Pope Benedict underlined the Church’s opposition to euthanasia when he met the sick and dying on their pilgrimages to Lourdes
Corriere della Sera says four of the nine unions representing staff of the struggling Italian airline Alitalia have signed a draft deal which could prevent the carrier's collapse.
Koran Tempo says at least 23 women died and another 12 were badly injured when thousands of Indonesians fighting to claim Ramadan charity handouts stampeded in a back street.
Vienna’s Kurrier reports that the United States warned Iran that it could face new sanctions after the IAEA, the United Nations atomic watchdog, said that it had been unable to make much progress in investigating Tehran’s nuclear programme.
Hurriyat reports that child labour has been banned in Uzbekistan after the third-largest cotton exporter in the world came under pressure from the US and Europe.
Washington Post reports that 13 years after he was acquitted of murder, O. J. Simpson was back in court yesterday defending himself against a possible life sentence. The former 61-yar-old American football player, who denies kidnapping and armed robbery, is accused of raiding a Las Vegas hotel room with five accomplices and robbing two dealers of collectables items, which included many related to his American football career.