Ten Things You Need to Know Today: Monday 15 Oct 2012

Lt Gen Sir John Kiszely, one of the retired generals caught in a Sunday Times sting apparently offering to influence Whitehall decisions over arms deals, has resigned from the presidency of the Royal British Legion. He said: "The Legion's work, including Remembrance events, must be kept free of any suggestion that they could be used for commercial or political gain."

Nobel prize for economics has been awarded to American professors Alvin E. Roth and Lloyd S. Shapley "for the theory of stable allocations and the practice of market design". Their work has practical applications in deciding the optimal way of allocating resources, such as in school admissions or organs to patients who need transplants.

Austrian daredevil Felix Baumgartner yesterday become the first skydiver to go faster than the speed of sound, reaching a maximum speed of 833.9mph in the 10-minute descent to earth after jumping from a balloon on the edge of space 24 miles above New Mexico. The 43-year-old also broke records for the highest freefall.

BBC Director-General George Entwistle is to be questioned by an independent inquiry about what he knew of the sudden decision to drop a Newsnight investigation into allegations of child abuse against Jimmy Savile. Media observers have called "barely credible" Entwistle's claim that he never asked what the programme was about.

Reviews for the new Bond film Skyfall are mainly positive - but Adele's theme song missed out on the number one spot when the new UK singles chart came out yesterday. Dance group Swedish House Mafia hit number 1 with Don't You Worry Child, with Adele at number 2. No Bond theme has yet reached the top spot.