An update from the CNN newsdesk in London on the stories we're following on Wednesday:

UK spending review - UK Chancellor George Osborne will present a review aimed at cutting the government’s ballooning fiscal deficit. The review is expected to result in some of deepest austerity cuts made by any country in Europe.

France strikes - President Sarkozy will debate his Pension Reform Bill in French parliament today ahead of a final vote later in the week. The proposals have met with fierce, public opposition and brought hundreds of thousands of people onto the streets of France.

Congo child soldiers - The United Nations estimates tens of thousands of children in the Congo are fighting in armed groups. Nima Elbagir visits a child soldier rehabilitation centre in Bukavu, funded by the UN Children's Fund, in the East of the Democratic Republic of Congo.

Homosexual hit list - A Ugandan newspaper has published a story featuring the nation's "Top 100" homosexuals with their photos and addresses, sparking an outcry from activists who say the already marginalized group is facing more attacks. Next to the list was a yellow strip with the words "hang them."

Saudi prince to be sentenced - A Saudi prince, found guilty Tuesday of murdering an aide at a London hotel in February, is to be sentenced Wednesday and faces a maximum sentence of life imprisonment.

Rooney to Leave Manchester United? - Manchester United manager Alex Ferguson confirmed on Tuesday that Wayne Rooney wants to leave the English Premier League club in a series of interviews aimed at ending speculation over the soccer star's future.

UK hostage freed in Somalia - A charity worker from Save the Children has been released in Somalia after being held captive for six days.