Today's stories all come from the Guardian.
We will have to wait until tomorrow to learn more about what is happening to the European economy and the reactions of the market.
Have you noticed, this is the third time recently that there has been a crisis - and each time the announcements have been made on a Friday! 


Turkish PM arrives in Cairo as Israel recovers from embassy assault

Turkey will offer aid to secure alliance with Egypt, while Binyamin Netanyahu speaks of 'very near disaster' averted

the Guardian

Sunday 11 September 2011 20.53 BST

Turkey’s prime minister arrives in Cairo on Monday amid speculation that he will attempt to stoke anti-Israeli sentiment following an assault on the Israeli embassy in the Egyptian capital on Friday night.

Recep Tayyip Erdogan, who is embroiled in a separate diplomatic war with Israel over its refusal to apologise for killing of Turkish activists on a Gaza-bound ship 15 months ago, is seeking to strengthen Turkey's alliance with Egypt to cement and extend its influence in the region.

In the first such visit in 15 years, Erdogan is expected to offer the tinterim post-Mubarak government aid and trade deals.

Rattled by diplomatic crises on three fronts, Israel fears it is becoming increasingly isolated in the region. The sense of embattlement is heightened by the Palestinians' bid to have their state recognised at the United Nations in the coming weeks, a move supported by a majority of states.

For article GO HERE

Severe weather warning as Hurricane Katia tail approaches

Gales, combined with heavy rain, could cause significant disruption in Ireland, England and Scotland

the Guardian

Sunday 11 September 2011 13.20 BST

A severe weather warning covering northern Ireland, England and Scotland has been issued by the Met Office, with forecasts saying Britain will be lashed by the tail of Hurricane Katia, causing gale-force winds of up to 80mph late on Sunday and Monday.

The gales, combined with heavy rain, could cause "significant disruption" for Monday morning commuters and, where high winds coincide with high tides along western coasts, there could be flooding.

Although the winds will not be hurricane force by the time Katia – rated a category four hurricane at its peak – reaches the UK, the Met Office chief forecaster, Eddie Carroll, urged people to keep up to date with forecast warnings.

He added: "There's still a fair amount of uncertainty about the track and strength of the winds."

Banking reforms: battlelines drawn over Vickers proposals

• Row expected over timing of ringfencing plans 

• Lib Dems hope to get legislation into financial services bill

• Report expected to include estimated cost of proposals

the Guardian

A row over the timing of reforms to prevent another taxpayer bailout of the banking system is set to erupt on Monday after Sir John Vickers outlines his proposals to force banks to "ringfence" their high street operations from riskier "casino" investment banking arms.

In a long-awaited review by his independent commission on banking (ICB), Vickers (pictured below) is expected to support calls for early implementation of the plans which are being announced almost four years to the day after the run on Northern Rock and three years after the collapse of Lehman Brothers that eventually sparked the 2008 banking crisis.

For article GO HERE