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.
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?
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
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
History will note that Internet came back to life in Libya on August 21, 2011. It took 150 days for its resurrection.
Hacking group ‘Electr0n’ have successfully compromised a top level Libyan registry domain nic.ly.
Leaders around the world have reacted (mostly) favorably to news that Libyan rebels have captured the capitol city of Tripoli and have arrested two of Moammar Gadhafi’s sons.
Hurricane Irene hits Puerto Rico and approaches Florida, rebels take over Libya's capital, charges may be dropped against Dominique Strauss-Kahn and more in Monday's daily scoop.
Here is a brief rundown of important events around the world Monday morning, August 22, 2011.
The implosion of Libyan leader Muammar Gaddafi's 41-year-old rule will put a new spring in the step of the Arab revolutions and demonstrate once again that these entrenched autocratic governments are not invincible.
Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Libyan government tanks shelled parts of central Tripoli Monday after rebels swept into the heart of the city and crowds took to the streets to celebrate the expected downfall of Muammar Gaddafi.
As rebel fighters reached Green Square in heart of Tripoli in the early hours on Monday, speculations ran high that dictator Moammar Gadhafi had fled the capital.
Even as Libyan dictator Moammar Gadhafi's grip on the country was slipping fast with rebels making headway into the center of Tripoli and international pressure on the four-decade ruler to step down reached its zenith, there are reports that Gadhafi's son Seif Al-Islam has been captured by the rebels while another son, Mohammed, has surrendered.
Rebel fighters swept into the heart of Tripoli Sunday night and crowds took to the streets to celebrate the impending fall of Muammar Gaddafi, but the dictator's loyalists were reported fighting back as dawn broke Monday.
Brent crude dropped by more than $2 on Monday to around $106 a barrel on the potential for a resumption of exports from OPEC member Libya as a six-month civil war there appeared close to an end.
Jubilant rebel fighters swept into the heart of Tripoli Sunday night as Muammar Gaddafi's forces collapsed and crowds took to the streets to celebrate the apparent downfall of his 42-year rule.
The International Criminal Court prosecutor said on Sunday Saif al-Islam, the son of Libya's Muammar Gaddafi, had been detained in Libya.
