The following are the top stories in the Maltese and overseas press:
The Times reports the Prime Minister saying that businesses are being given a breather with regard to the payment of VAT. It also highlights a report by the European Confederation of NGOs that claimed that Malta inflated its overseas aid.
The Malta Independent says €17m are being invested in the building of the the seat of the Faculty of ICT at the University. In another story, it says Parliamentary Secretary Mario de Marco said restaurateurs should be more price conscious.
l-orizzont also leads with the AidWatch claims that Malta is inflating its overseas aid figures. It also says political parties have decided that Malta's sixth seat in the European Parliament will be handed to the first runner up.
In-Nazzjon says an Indian group has invested €3 million in a new pharma factory which was opened yesterday. It reports the Prime Minister saying jobs and solidarity are at the heart of government policy.
The Press in Britain
Britain's scandal over the misuse of parliamentary expenses has claimed its first casualties: Prime Minister Gordon Brown suspended former minister Elliot Morley, and Conservative legislator Andrew Mackay resigned as a senior advisor to opposition leader David Cameron
The Guardian writes the two leaders are battling to salvage the reputation of parliament in the midst of a spiralling expenses scandal.
The Times calls it Parliament's darkest day as MPs prepare to be dropped or walk away.
The Daily Mail begins a campaign to make MPs who overclaimed on expenses face criminal charges.
The Daily Express says MPs are being swamped with abuse from the public condemning the misuse of taxpayers' money.
The Financial Times announces Barclays could sell its asset management arm for £6.5bn.
The Daily Mirror reports that after breaking up with his wife Katie Price, Peter Andre has said he doesn't want the glamour girl's millions.
And elsewhere...
Il Tempo says Italy's interior minister Roberto Maroni reinforced his country's commitment to fight illegal immigration with the delivery of three new coastguard vessels to Libya. Moroni, who comes from the anti-immigrant Northern League party, also asked the EU "to help countries like Italy, Malta and Spain, which are on the frontlines in fighting against illegal immigration".
Jerusalem Post reveals that Israeli Prime Minister Benjamin Netanyahu has appealed to the Pope to condemn the harsh anti-Israel rhetoric voiced by Iran's President Mahmoud Ahmadinejad. The two men met privately for about 15 minutes, sharing their views about the Middle East.
The New York Times says the UN Security Council has expressed concern at the findings of an investigation that accused Israel of gross negligence and recklessness during the war in Gaza, but indicated it planned no action against the Jewish state. The council discussed the UN inquiry behind closed doors at the request of Libya.
Deutsche-Welle quotes the EU saying there's no justification for the charges brought against Burmese opposition leader and democracy campaigner Aung San Suu Kyi for letting an unauthorized US national visit her home where she's been under house arrest for six years. Suu Kyi, 63, faces a prison term of up to five years.
USA Today reports violent storms have torn through four Midwestern states, killing three people in northern Missouri, damaging dozens of homes and leaving thousands without power.
East African Standard says Masaai protesters shouted in outrage in court as a Kenyan judge jailed Thomas Cholmondeley, the grandson of an English baron, for eight months for killing a 37-year-old black poacher on his vast estate in 2006. This was a significantly lower penalty than the maximum he faced of life in prison.
Florida Post reports rescuers are searching for survivors after a boat carrying about 30 people, many of them Haitian immigrants seeking to escape their country's crushing poverty, capsized and sank. At least nine people, including an infant, drowned while 16 others were pulled out of the rough waters.
Irish Times says fans of Hollywood icon Marilyn Monroe will today be given a rare glimpse of some of her most intimate possessions when they go on show for the first time in Ireland. The world exclusive preview of 150 items from the Californian home of the glamorous movie star will be uncovered before being auctioned in the United States.
The Journal of the International Society of Sports Nutrition publishes the results of a study which shows that a bowl of breakfast cereal is better at aiding recovery after exercise than expensive sports drinks. Scientists said not only is it just as good at replenishing energy, but it also helps to rebuild muscle. They conclude that breakfast cereal eaten with milk offers an effective and cheap way for athletes to "refuel".
Pittsburgh Post Gazette says a 23-year-old man's hands have been grafted on to another man in the first US double hand transplant. The operation was carried out at the University of Pittsburgh Medical Centre. The man's liver, kidneys, a lung and heart went to five other people and dozens more could benefit from his donation of tissue and corneas.