Hypo Real Estate was one of seven European banks to fail a health check on the day that seven US institutions were taken into federal receivership. Photograph: Diether Endlicher/AP More than 100 banks in the US have now collapsed so far this year after another seven were taken over by regulators... 

VAT is charged on newspapers in France and much of the EU. Photograph: Frédérique Jouval/Corbis David Smith, the excellent economics commentator of the Sunday Times, is on dangerous ground as he praises an OECD report on a Britain full of “good ideas”, including “the widening... 

Muslim clerics in Malaysia said the Manchester United badge was promoting the devil and would lead to the path of sin. Photograph: Don McPhee for the Guardian If I had been told, even just a few days ago, that a group of Manchester United fans would be ordered to strip off their shirts and... 

The New Orleans Times-Picayune carries the news that the Deepwater Horizon leak has been stopped. Photograph: Mario Tama/Getty Images After 87 days, numerous false starts and broken promises, and more than 4m barrels of oil spewed into the ecologically rich waters of the Gulf of Mexico, the...