China urged a stable transition of power in Libya Wednesday and said it is in contact with the National Transitional Council, in the clearest sign yet that Beijing has effectively shifted recognition to rebel forces.
Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
Pictures of Tripoli, where rebel forces have taken control of much of the city, including Gaddafi's Bab Al-Aziziya compound.
China on Tuesday urged Libya to protect its investments and said their oil trade benefited both countries, after a Libyan rebel warned that Chinese oil companies could lose out after the ousting of Muammar Gaddafi.
Moammar Gadhafi spoke to Libyans over a Tripoli radio broadcast early Wednesday morning, calling his retreat from the Bab Al-Aziziya compound in Tripoli a tactical move.
Four hundred people were killed and 2,000 injured in three days of fighting between the rebels and pro-Gadhafi forces in the capital, but the anti-government fighters tore through Moammar Gadhafi Bab al-Azizya compound in Tripoli with little resistance.
Rep. Dennis Kucinich discussed topics such as marijuana legalization, universal healthcare and the Patriot Act while addressing a crowd at Seattle's Hempfest.
Joyful Libyan rebels overran Muammar Gaddafi's Tripoli bastion on Tuesday, seizing weapons and loot and destroying symbols of a 42-year dictatorship they declared was now over as they set about hunting down the fallen ruler and his sons.
Joyful Libyan rebels overran Moammar Gadhafi's Tripoli bastion on Tuesday, seizing weapons and loot and destroying symbols of a 42-year dictatorship they declared was now over as they set about hunting down the fallen ruler and his sons.
Triumphant rebels seized Muammar Gaddafi's compound in Tripoli on Tuesday after a fierce battle with a loyalist rearguard but there was no word on the fate of the Libyan leader who vowed again to fight to the end.
Investors bullish on the oil market are getting support from the uncertainty in Libya.
Heavy shelling could be heard throughout the city with smoke billowing across the skies.
When Muammar Gaddafi's government shut off the cellphone network in Misrata in the early days of Libya's uprising, it wanted to stop rebel forces communicating with each other. But the power of a modern phone goes beyond its network.
Oil prices rose on Tuesday, boosted by better-than-expected manufacturing data in Germany and China and by uncertainty in Libya where government loyalists staged a fight back.
Libyan rebels battled on Tuesday around Muammar Gaddafi's headquarters, where a son of the veteran leader had emerged overnight to confound reports of his capture and to rally cheering loyalists for a rearguard fightback.
Google Maps has already accepted the name change of Green Square to Martyr's Square.
Ditch the gold epaulettes, riding crops and silk sashes -- and go native!
Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
HP creates a TouchPad buying frenzy, Libyan leader Moammar Gadhafi's whereabouts are still unknown, Hurricane Irene is headed to the United States, and more in today's Daily Scoop.
Different reports suggested that Nato allies deployed their forces and intelligence services in Libya secretly in order to pave path for rebel forces to Tripoli.
Here is a brief rundown of important events around the world Tuesday morning, August 23, 2011.
Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.