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Japan faces deep recession, central banks slash rates (Reuters)
[11 mins][Edobashi]

A foreign exchange dealer reacts as he watches monitors in a trading room in Tokyo, December 2, 2008. (Kim Kyung-Hoon/Reuters)

Reuters - Japan may be in a deeper recession than first thought as businesses cut spending because of the worsening global recession, which will likely force central banks in Britain and Europe to slash interest rates later on Thursday.

Study illuminates star explosion from 16th century (AP)
[40 mins][Denmark]

This X-ray image provided by NASA, and captured by the German ROSAT satellite in the 1990s, shows the remnant of a supernova that was observed in 1572 by Danish astronomer Tycho Brahe. A new study explores the nature of that star explosion. (AP Photo/NASA)

AP - More than 400 years after Danish astronomer Tycho Brahe challenged established wisdom about the heavens by analyzing a strange new light in the sky, scientists say they've finally nailed down just what he saw.

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