Financial markets rally as the US government says it is taking over mortgage lenders Freddie Mac and Fannie Mae - the biggest bailout in US history. Gordon Brown seeks to rally ministers as he chairs the first cabinet meeting since the summer break in Birmingham. Britain's Andy Murray overcomes the world number one at the US Open to reach his first Grand Slam final. Giant waves and torrential rain from Hurricane Ike are battering Cuba but the storm has now weakened to a Category Two. The Nationwide Building Society says it will merge with two smaller rivals, the Derbyshire and Cheshire Building Societies. French President Nicolas Sarkozy leads an EU delegation to Moscow for talks about the crisis in Georgia. Flood fears are easing as showers replace persistent rain across England and Wales and river levels stabilise, but warnings remain. The cost of converting the UK to fibre-based broadband could top £28.8bn, says a report. The former UK chief scientist says the climate challenge is so great, it demands the most brilliant minds tackle it. Britney Spears steals the show at the MTV Video Music Awards in Los Angeles, winning three prizes. Serena Williams sees off a valiant display from Jelena Jankovic to win her third US Open title and regain the number one ranking. McLaren intend to appeal against the penalty that resulted in Lewis Hamilton being demoted from first to third in the Belgian Grand Prix. Anthony Kappes and Barney Storey take Britain's fourth cycling gold of the Paralympics with a world record in the 1km time trial. What do you want the world to talk about? How 'clairvoyants' conned a woman out of £50,000 Why are people so fond of predicting the world's end? BBC News to track a container around the world Nigerian spirit-god festival at risk from commercialisation Worst of the floods hit central and northern England Can market forces save the Amazon rainforest? The trial begins of Craig Meehan, the former partner of Shannon Matthews' mother, on charges of possessing child pornography. A total of 281 children under the age of 16 contracted a sexually transmitted infection last year, new figures reveal. Some residents near a river are evacuated as the risk of flooding remains in place across south Wales. Detectives investigating the death of a 14-week-old baby boy are continuing to question the child's father. An EU observer reports widespread vote-rigging in Angola, where the ruling MPLA is expected to win a landslide. US forces in Afghanistan re-open an investigation into a controversial air attack which reportedly killed many civilians. The death toll from a devastating rockslide that crushed dozens of houses in Egypt's capital, Cairo, reaches 38. Hong Kong's pro-democracy camp does better than expected in legislative elections, and retains key powers of veto, say reports. Germany's Foreign Minister Frank-Walter Steinmeier will run against Chancellor Angela Merkel in next year's election. Opposition groups blocking work at a Tata Motors plant suspend protests after the government agrees to return land. The falling cost of oil and metals has helped lower the price of goods leaving UK factories. Seven unions are asking the TUC to organise a protest campaign against the government's public sector pay policy. There are entrenched differences in the amount local health bodies spend on major diseases, a think-tank warns. The Sats tests could end next year and be replaced by individual level tests, Schools Secretary Ed Balls has hinted. China will launch its third manned space mission in late September, state-run news agency Xinhua reports. The BBC is to ask the public whether they feel "heavy-handed" methods are being used to enforce the licence fee. Online retailer Amazon will help the One Laptop Per Child organisation with its plans to sell its XO laptop in the US.