The following are the top stories in the Maltese and overseas press:

The Times says five tents were gutted in a fire at an open centre at Hal Far yesterday afternoon. No one was injured. It also reports how a teenager died after falling off a bastion on Saturday night.

The Malta Independent says the government has stuck to its guns on the tariff proposals. It also carries a picture of the AFM open day, held yesterday.

In-Nazzjon quotes the Prime Minister saying challenges have to be faced with dialogue and sensitivity, but decisions have to be taken for a sustainable future. It also reports that a Norwegian car shipping company is setting up a company in Malta.

l-orizzont leads with Joseph Muscat’s statement yesterday that the Labour Party is read to lead the people in a campaign against the new proposed power tariffs.

The Press in Britain…

The Guardian, The Independent, The Daily Telegraph, The Times and The Daily Mail report that the Treasury is under pressure to guarantee the savings of all depositors in British banks after Germany announced it was following the lead of the Irish and the Greeks and offering a blanket guarantee on all savings.

According to the Financial Times, Chancellor of the Exchequer Alistair Darling is considering a dramatic taxpayer-funded recapitalisation of Britain's banks, amid signs of cross-party and central bank support for an effective part-nationalisation of the sector.

The Daily Star predicts up to a million British jobs face the axe as the country heads for the worst slump in decades.

The Express claims all telephone calls, emails and text messages in Britain will be monitored under new Government snooping plans.

The Sun carries an investigation into how coffee chain Starbucks wastes 23 million litres of water a day because staff are allegedly told to leave taps running.

The Mirror reports three TV stars and a football club manager are at the centre of a £1bn tax-dodging investigation.

Metro says black police officers have called for a boycott of the country's biggest force amid claims they face racial abuse from their colleagues.

The Daily Record reports that a blind shoplifter has been banned from Edinburgh after a 10-year crime spree.

And elsewhere…

Die Presse says that, Austria has followed Ireland, Greece and Germany to become the fourth nation to guarantee private savings. In another move to address the finance market meltdown, Germany, Britain, France and Italy have agreed to relax EU rules governing the amount of money individual states can borrow.

Berliner Zeitung says Germany's government, central bank and financial regulator have agreed to expand a rescue package to keep the faltering lender Hypo Real Estate afloat.

De Standaard quotes Belgian Prime Minister Yves Leterme confirming that the French banking giant BNP Paribas will take over 75 percent of Fortis capital in Belgium, as well as 66 percent of the company's assets in Luxembourg.

Avvenire reports that Pope Benedict XVI has opened a synod of more than 200 cardinals and bishops from around the world to examine the modern lack of interest in the Bible.

Chicago Tribune reports that a British Airways flight from London to Houston, Texas, made an emergency landing at Chicago’s O’Hare International Airport after staff smelled burning. No injuries were reported.

The Star reports that finance ministers from 53 former British colonies are meeting in St Lucia this week to discuss soaring energy and food costs.

International Herald Tribune says Russian troops have dismantled a key checkpoint in Georgia, near the breakaway province of South Ossetia.

Az-Zaman reports 11 people have been killed in a raid targeting a "wanted man" in the northern Iraqi city of Mosul.

USA Today says Sarah Palin has defended her attack on Democratic presidential nominee Barack Obama after accusing him of "palling around with terrorists". The Republican said it was legitimate to raise Mr Obama's association with 1960s radical Bill Ayers.

Al-Watan quotes Algerian rescue officials saying a baby was found alive after spending four days in a pool of mud following flash floods that killed at least 41 people in central Algeria last week. The 4-month-old baby appeared in good health after being discovered late on Saturday and had been handed to a family while authorities looked for its parents.

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