Battling the global credit crunch:
Britain injects billions into the banking system.
A home run for the Pope: a rapturous reception for the pontiff as he ends his U.S. trip at Yankee Stadium.
And a political earthquake in Paraguay:
former Bishop ends 60 years of one-party rule.
Welcome to BBC World News. I'm Jonathan Charles. And I'm Tanya Beckett. Coming up later in World Business Report:
Mattel unveils crucial results as shareholders look for signs that it's recovering from a massive toy recall.
More efforts are on the way to try to
ease the global credit crunch.
The British authorities are expected to inject some 50 billion pounds - 100 billion dollars into the banking system in a few hours.
The cash is part of a complex deal which is supposed to encourage banks to again start lending to customers.
Loans have dried up in recent months worsening the economic slowdown.
The City of London is Europe's main financial centre and the fresh funding would have a world-wide impact.
It's being seen as the most ambitious attempt so far of any central bank in
easing the global credit squeeze.
Commercial banks have stopped lending to each other in the wake of the credit crunch.
