In the past hour, the Iranian President, Mahmoud Ahmadinejad has been formally sworn in for a second term in office, at a ceremony in Tehran. Hundreds of opposition supporters are gathered outside the parliament building to continue their protest against his election. Mr Ahmadinejad said he was not expecting messages of congratulation from western leaders.
Lloyds Banking Group, which was bailed out by the tax payer, has announced losses of four billion pounds for the first six months of the year. The group took over Halifax, Bank of Scotland to prevent it collapsing last year, but has been severely affected by HBOS’s bad loans.
The value of pension schemes of Britain’s leading companies has fallen dramatically over the past year. A report by the consultancy firm Lane, Clarke and Peacock says the top 100 firms had a combined deficit of 93 billion pounds in July, more than double the figure for the same month in 2008.
The former American president Bill Clinton is flying home from North Korea with two American journalists who were in prison there. Laura Ling and Euna Lee were sentenced to 12 years hard labour for entering the communist country illegally, but they were pardoned after Mr Clinton met the North Korean leader, Kim Jong-il.
An inspection of Cookham Wood young offenders institute in Kent has described conditions there as seriously unsafe. It said some inmates were too frightened to leave their cells. The Chief Inspector of Prisons, Sir Anne Owers, told this program the staff were inexperienced and the accommodation was poor. A prison service spokesman, Paul Carroll said significant improvements had been made since the inspection was carried out and the prison was now much more settled.
A gunman has killed at least four people at a gym in the American state of Pennsylvania, before shooting himself. One witness said the attacker walked into a women’s dance class, turned off the lights and opened fire.