Portal:Current events/2008 October 29
October 29, 2008 (Wednesday)
- The United States Treasury Department spends US$125 billion of its $700 billion bailout fund on nine banks, some of whom had argued that they did not need the money. (CNN)
- The Philadelphia Phillies win the 2008 World Series 4 games to 1, defeating the Tampa Bay Rays 4-3 in Game 5. (The New York Times)
- India's Viswanathan Anand retains the World Chess Championship title in Bonn, Germany, by defeating Russia’s Vladimir Kramnik. (CNN-IBN)
- Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.(The Guardian)
- Suicide bombers attack targets in Somalia: Hargeisa, the capital of the self-proclaimed republic of Somaliland, and Bosaso, a city in the autonomous state of Puntland. (BBC News)
- At least 100 people die after a 6.4 magnitude earthquake in Pakistan in the city of Ziarat. (CNN)
- Mohamed Nasheed of the Maldivian Democratic Party is elected President of the Maldives in the country's first democratic election. (AFP via Google)[permanent dead link]