Berlusconi has invited the head of the rebel government to Italy, while urging Gadhafi to give himself over to authorities.
China will respect the will of the Libyan people and hopes for a return to stability in the war-torn country, China's Foreign Ministry said on Monday, as Libyan rebel fighters clashed with government forces in Tripoli.
President Barack Obama and his family are on a 10-day vacation at Blue Heron Farm in Martha's Vineyard. Though his free time was interrupted by Libya briefings, Obama has been golfing, shopping, and eating out at the Vineyard's famous seafood restaurants.
Libyans around the world, in places such as Greece, Turkey and Sudan, celebrated the arrival of rebels in Tripoli over the weekend.
Brent crude edged lower on Monday in choppy trading as investors hoped the process to restart oil exports from OPEC member Libya would begin soon as the country's six-month-old civil war neared an end.
The rebels in Libya took Tripoli over the weekend, and along with the capital they also apprehended two of Gaddafi's sons.
Former Utah Gov. Jon Huntsman praised the ouster of Libyan leader Moammar Gadhafi even though he has been a vocal critic of U.S. intervention in the country.
Muammar Gaddafi, who for decades enjoyed strutting before the public in his finery, has disappeared from the stage as rebels take over his former stronghold Tripoli.
Moammar Gadhafi's regime will fall within 10 days, but Gadhafi will not surrender, Libya's former prime minister predicted on Monday.
Brent crude edged lower on Monday in choppy trading as investors hoped the process to restart oil exports from OPEC member Libya would begin soon as the country's six-month-old civil war neared an end.
Italian oil company Eni led the charge back into Libya on Monday as rebels hailing the end of Muammar Gaddafi's rule warned Russian and Chinese firms that they may lose out on lucrative oil contracts for failing to support the rebellion.
Obama added that the battle was not over yet.
Here's President Barack Obama's statement on the developments in Libya
There is no immediate prospect of removing Libya from a list of areas deemed high risk by London's marine insurance market, and underwriters will seek a stable period in the country before looking at a de-listing, a market official said on Monday.
Brent crude fell more than 1 percent on Monday as investors anticipate a resumption of oil exports from the OPEC-member Libya, where rebels moved to control most of Tripoli and an end to the six-month-old civil war seemed close.
Sure Libya has one of the richest oil reserves in Africa, but it's got gold, too ... and lots of it.
After six months of battling with Moammar Gadhafi's forces, Libyan rebels finally broke through on Monday, capturing 95 percent of Tripoli and many key members of Gadhafi's circle, including two of his sons. But the big question remains - where in the world is Moammar Gadhafi?
Brent crude fell more than 1 percent on Monday as investors anticipated a resumption of oil exports from the OPEC-member Libya, where rebels moved to control most of Tripoli and an end to the 6-month-old civil war seemed close.
U.S. President Barack Obama said on Sunday Muammar Gaddafi's rule was showing signs of collapse and called on the Libyan leader to relinquish power to avoid further casualties.
Italian oil company Eni led the charge back into Libya on Monday as rebels swept into capital Tripoli, hailing the end of Muammar Gaddafi's rule and warning Russian and Chinese firms of contract revisions.
As Libyan rebels take control of the capitol city of Tripoli after months of fighting, here are Moammar Gadhafi's top ten thoughts as he ponders his next move:
Skype buys GroupMe, Verizon's 45,000 striking workers head back to work, rebel action in Libya affects oil prices, and more in today's Companies Roundup
