News Headlines - 25 October 2012

▽Eurozone nears Japan-style trap as money and credit contract again - Telegraph

All key measures of the eurozone money supply contracted in September and private credit fell at an accelerating pace, dashing hopes of a quick recovery from recession.

▽GDP Boosted By Olympics But Outlook Gloomy

But the bounce-back in the third quarter will be largely driven by one-off factors, such as clawed-back activity lost to the extra bank holiday for the Queen's Diamond Jubilee and a slight lift from the Olympics.

▽Ford set to axe British plant after dire sales in eurozone - The Independent

Ford is expected to announce the closure of its Southampton van factory today, with the loss of more than 500 jobs, as the US car giant overhauls its European operations.

▽BBC News - Child-related benefits may be 'capped' at two children

Child-related benefits for families may be capped at two children, the work and pensions secretary has said.

▽Female soldier from Northern Ireland is killed in attack on Helmand patrol - Belfasttelegraph.co.uk

A female soldier from Northern Ireland killed while on patrol in Afghanistan yesterday may have been killed by a rogue Afghan ally.