The following are the top stories in the Maltese and overseas press:
The Times says there is wide consensus among EU leaders on a financial warning system. The leaders are holding a two-day summit in Brussels. The Times also features the maiden Parliamentary speech by Opposition leader Joseph Muscat.
The Malta Independent and In-Nazzjon also lead with reports about the EU summit.
In-Nazzjon also reports the opening in Malta of a branch of ABB, an international firm involved in the maintenance of marine engines.
l-orizzont features Dr Muscat’s speech in Parliament where he said he is in Parliament to bring about change. It also reports on the Karl Chircop funeral details and also features the story of Albert Satariano from Ibrag, who is seeking to get his young daughter back from his partner, who has fled to Moldovia.
The Press in Britain…
Most newspapers report the end of the marriage between Madonna and Guy Ritchie. In a world exclusive, the Daily Mirror claims Ritchie has told friends that his marriage had to end because it became a three-ringed circus.
But the main thrust of the news is economic…
The Daily Mail says a year of rising fuel and food prices has finally come to an end and people can enjoy some good news at last.
There's more good cheer in the Daily Express which heralds the return of the price of petrol at less than £1 a litre.
But The Independent reports stock markets around the world suffered another day of huge losses, as fears of the global recession spreading to China prompted a renewed bout of negative sentiment.
The Financial Times says there's growing evidence that worldwide bank rescue plans have come too late to avert a deep global recession.
The Scotsman says the economic squeeze is hitting the builders of luxury developments destined for young executives.
The Times celebrates England's 3-1 win against Belarus with a picture of goal scorer Steven Gerrard but leads with the fact that the financial contagion has pushed unemployment to the two-million mark.
Metro says that the jobless figure is the worst in 17 years.
The Guardian says Gordon Brown's banking bail-out is under threat as banks seeks a better deal. But Chancellor Alistair Darling has denied caving in to pressure over conditions attached to the £37bn bail-out of three UK banks.
The Daily Telegraph quotes the health care watchdog saying two thirds of NHS patients cannot get an appointment with their GP within 48 hours.
The Daily Star reports BBC supremo Mark Thompson has banned jokes about Muslims… because they are "more sensitive" than Christians.
And elsewhere…
The International Herald Tribune reports the G8’s call for a global summit to address the current financial crisis along with a revival of world trade talks. The joint statement was released as EU leaders meeting for two days in Brussels broadly endorsed the bank rescue plan that was agreed on Sunday by the 15 Eurozone member countries
Meanwhile, Börzen Zeitung says Chancellor Angela Merkel has used a speech to the lower house of parliament in Berlin to defend her government's decision to use €500 billion of taxpayers' money to rescue troubled German banks. She reiterated her demand that the IMF take on a stronger supervisory role.
The Irish Times reports the government is to recoup €1bn from 11 banks protected under a two-year State guarantee scheme. The charge represents about 10% of the combined annual profits of the 11 banks.
Manila Times quotes President Arroyo announcing that Southeast Asian nations, backed by Japan, China and South Korea, have agreed to set up a multi-billion dollar fund to buy toxic debt and help the region's banks hit by the global financial crisis. Arroyo said that the World Bank had committed an initial sum of $10 billion to the fund.
Tribune de Geneve reports that senior officials from Russia and Georgia, which fought a brief war over the breakaway Georgian region of South Ossetia in August, have begun talks in Geneva. The meeting will tackle sensitive military and humanitarian issues.
Kurier says Austria’s prestigious Spanish Riding School, for centuries a bastion of masculinity, has presented its first female riders-in-training.
The Globe quotes a report by researchers in Illinois suggesting regular exercise can reverse the decline in brain power caused by ageing and Alzheimer's disease.
Dominion Post says police in New Zealand have smashed one of the world’s biggest email spam operations. Three men have been accused of being part of a ring that sent billions of emails in recent years encouraging people to click on websites that used false claims to peddle prescription drugs, male enhancement products and weight-loss pills.
Meanwhile, USA Today quotes researchers from the Georgia Institute of Technology saying mobile phones are likely to be the next target of criminal computer hacking gangs. Scientists warned that the growing power of phones has opened a new avenue of attack for hackers. As phones get more computing power and better internet connections, hackers can capitalise on vulnerabilities in mobile-phone operating systems or web applications.