Adelaide Now - OIL prices sank more than $US3 a barrel in New York overnight, after two days of minor gains, as stock markets tumbled on recession fears.

Fijilive.com - WELCOME GUEST! The former French Polynesian president, Gaston Flosse, has defended the use of public funds during the period he was in power as he and several other politicians try to avoid an order to reimburse $US3 million.

The West Australian - World oil prices have fallen sharply, with investors shrugging off the possibility of a new OPEC output cut as they focus on slowing global demand. New York's main contract, light sweet crude for delivery in November, tumbled $US3.36 to close at $US70.89 per barrel.

News Interactive - World oil traded more than $US3.00 ($4.50) higher in Asia on Monday after world leaders united to tackle a global financial crisis.

Stuff - Russell Crowe was lauded for playing a maths genius in A Beautiful Mind but he may have to go back to primary school after a $US300 trillion miscalculation.

Ireland Business World - Business World is a service of Media World Ltd. All rights reserved. While every effort has been made to ensure the accuracy of the data provided, neither Media World Ltd nor its agents or representatives will be responsible for any loss or damage on the part of users however caused.

ABC Radio Australia - The families of South Koreans killed in a Cambodian plane crash last year have sued the airline for $US3.9 million.

The West Australian - Oil prices have dropped more than $US3 in Asian trade after the collapse of US investment bank Lehman Brothers accentuated fears for global economic health, analysts say.

The West Australian - US investment bank Lehman Brothers has announced an estimated loss of $US3.9 billion ($A4.88 billion) in the third quarter (June-August), but did not unveil plans for an injection of fresh capital for the ailing firm.

Daily Telegraph - BHP Billiton is seeking approval to build a $US3.5 billion ($4.32 billion) desalinisation plant to service its Escondida copper mine in northern Chile, one of the world's top sources of the metal.

The West Australian - US computer maker Dell is planning to sell its factories around the world to contract manufacturers within 18 months in a bid to save more than $US3 billion ($A3.7 billion) in costs, the Wall Street Journal reported today.