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

The Times and all the other newspaper carry stories about yesterday’s funeral of AFM Gunner Matthew Psaila.

In other stories, The Times reports the creation by the EU of an asylum support office. It also says a couple were found guilty yesterday of child abuse.

l-orizzont’s focus is on the child neglect case and how a doctor reported he had seen many such cases.

The story is also reported in The Malta Independent. The newspaper also reports an EU Commission decision not to pursue deficit infringement proceedings against Malta.

In-Nazzjon quotes economist Lino Briguglio saying that investment in competitive countries continues even in a recession.

The Press in Britain

Glasgow’s The Herald says prosecutors in the Lockerbie aircraft bombing trial kept secret a first "photoshow" with Mr Tony Gauci who subsequently identified Abdelbaset Ali Mohmed al Megrahi as having bought clothes from his shop, Mary’s House in Sliema. The clothes were later found in luggage on the downed Boeing 747.

The newspaper says Megrahi's lawyer claimed Mr Gauci did not initially make a positive identification. A trial review commission found that just before the second photo parade, Mr Gauci saw a photograph of the Libyan in a magazine article linking him to the bombing.

The Daily Mail claims that Abu Qatada and 10 other terror suspects could receive huge compensation payments after serving in Belmarsh prison.

The Daily Express says preacher Abu Qatada launched an 11th-hour bid to stay in Britain - at yet further cost to the taxpayer.

The Times says US authorities were scrambling to find $50 billion of assets connected to Allen Stanford as the fallout of his alleged fraud rippled across the world.

The Guardian says the Prime Minister will negotiate with world leaders on a tough new system to crack down on tax havens like Switzerland and the Cayman Islands.

The Independent reports the Bank of England is to start "printing" new money for the first time in 30 years as it runs out of options to kick-start the economy.

According to the Financial Times, a deterioration in the public finances is expected to be revealed as official figures show the cost of the Government's bail out of banks.

The Daily Telegraph says Britain's rail fares are by far the highest in Europe, with some commuters paying more than four times the amount for comparable journeys.

The Sun says dying bride-to-be Jade Goody begged to go home from hospital - and was wheeled out on a morphine drip.

As pain from her cancer becomes intolerable, the Daily Mirror says Jade Goody is ready to die.

According to the Daily Star, pop group Girls Aloud, who won Best Single at the Brit Awards, will sing at Jade's wedding.

The Daily Record reports how 18 oil workers on board a North Sea helicopter cheated death after it ditched as it came in to land on a rig.

The Scotsman leads with the news that insurance giant esure will create 500 Glasgow jobs by 2014, half of which will be filled in the next 18 months.

And elsewhere…

Berliner Zeitung says German Chancellor Angela Merkel's cabinet has approved a bill that would allow the government to nationalise banks that have been hit hard by the global financial crisis. The measure, which is only to be used as a last resort, would mark the first time in modern-day Germany that bank shareholders could face possible expropriation.

The Washington Times reports President Obama has outlined a $75 billion plan to help some nine million Americans who were at risk of losing their homes. The initiative will help borrowers refinance, and provide incentive payments to mortgage lenders to support borrowers on the verge of foreclosure. It is the latest component of the incoming administration's plan to address the financial and economic crisis.

The Washington Post announces US Attorney General Eric Holder will next week visit the controversial US military detention centre at Guantanamo Bay, now holding 240 terrorist suspects. The announcement comes after President Obama vowed to close the prison by January next year.

Jakarta Post quotes US Secretary of State Hillary Clinton underlining Washington's commitment to building a comprehensive partnership with Indonesia, the world's largest Muslim nation. Clinton said in Jakarta that relations with Indonesia were critical to Washington's efforts to mend ties with the Islamic world.

The Wall Street Journal reports Swiss banking giant UBS has agreed to pay $780 million to the US government and cooperate in a tax fraud probe. UBS has also agreed to provide the US government with the identities and account information of certain Amercian customers of UBS's cross-border business.

Al Ahram reports prominent dissident Ayman Nour, who was jailed after challenging the country's long-time president in the 2005 elections, has been released on health grounds. He spent more than three years in prison on forgery charges that he claims were politically motivated.

Wiener Zeitung says the International Narcotics Control Board has warned that the price of cocaine is set to plunge further as traffickers exploit new smuggling routes.

A newspaper cartoon that appears to link President Obama to a violent chimpanzee has outraged civil rights leaders and elected officials. The New York Post cartoon refers to Travis the chimp who was shot dead by police in Connecticut on Monday after it mauled a friend of its owner. Critics called the cartoon racist and said it trivialised a tragedy in which a woman was disfigured.

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