Portal:Current events/2008 October 29

• 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 Airways files for bankruptcy and stops all passenger flights, after its cash-strapped Icelandic investors were unable keep the company airborne.(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 near the city of Quetta. (CNN)
• Mohamed Nasheed of the Maldivian Democratic Party is elected as the President of the Maldives in the country's first democratic election. (AFP via Google)

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