No survivors are found after a rescue helicopter discovers the wreckage of Santa Bárbara Airlines Flight 518 just northeast of Mérida, Venezuela. The commercial plane had 46 people on board, including crew.
Former building society Northern Rock is the first bank in Europe to be taken into state control, due to the U.S. subprime mortgage financial crisis.
The British government introduces emergency legislation temporarily to nationalize Northern Rock, the 5th largest mortgage bank in the UK, due to the bank's financial crisis.