Nine soldiers are killed in northwest Pakistan as fighting in Swat Valley intensifies. The International Committee of the Red Cross warns that the humanitarian crisis in Pakistan is getting worse, and that dangerous conditions mean it can no longer reach the most affected areas.

The European Central Bank cut interests rates to one percent, a historic low.

A French judge clears the way for probes into assets of three heads of state in Africa. According to police, Denis Sassou Nguesso, the President of Congo-Brazzaville has 24 properties and 112 bank accounts in France.