Unix Timestamp: 1223510400
Thursday, October 9. 2008, 12:00:00 AM UTC

No candidate wins a majority in the Maldives' first democratic presidential election the incumbent Maumoon Abdul Gayoom will face Mohamed Nasheed in a runoff. //www.minivannews.com/news_detail.php?id=5132 (Minivan News)

Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority. //www.bloomberg.com/apps/news?pid=20601087sid=ah7rLJahTxyArefer=home (Bloomberg)

Global financial crisis: Following a major banking and financial crisis in Iceland, the Icelandic Financial Supervisory Authority takes control of the three largest banks in the country: Kaupthing Bank,

Head of International Monetary Fund says the US financial crisis threatens to send the world into a recession. IMF releases World Economic Outlook report with gloomy projections for the global financial system. //www.dw-world.de/dw/function/0,2145,12215_cid_3703262,00.html (Deutsche Welle)

Democratic Republic of the Congo accuses Rwanda of sending troops across the border, threatening the city of Goma. //news.bbc.co.uk/2/hi/africa/7660592.stm (BBC News)