Wed 7 Jan 2009 | 13:25 GMT
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Sarkozy says Israel and Palestinian Authority have accepted a Franco-Egyptian truce plan for Gaza  1:09pm GMT

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M&S sales worst for a decade 11:40am GMT

Marks and Spencer reports its worst quarterly sales for a decade and is set to cut about 1,230 jobs to save money.  Full Article 

UK

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Security chief says terror threat falls 12:48pm GMT 

LONDON (Reuters) - The threat of an immediate attack in Britain by al Qaeda-inspired militants has receded after several prosecutions but networks remain active, the head of the country's national intelligence agency was quoted as saying.  Full Article 

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Russian gas flow to Europe halted 1:08pm GMT 

MOSCOW/KIEV (Reuters) - Russian gas flows to Europe through Ukraine shut down completely on Wednesday, reducing power to industries and homes in south-east Europe and disrupting supplies to major economies.  Full Article  |  Video 

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Obama in transition
1:05pm GMT 
With less than two weeks left before he takes office, a portrait of a man in transition.