Mario Monti forms cabinet in Italy; markets remain sceptical of new Italian government; Obama tells Australian parliament US will take a long-term role in shaping Asia-Pacific; African leaders step up pressure on Somalian rebels; police discover "drug tunnel" stretching from Mexico to the US; and more
Read MoreMario Monti
How bad is it in Europe?
Italian bond yields have risen above the critical seven percent mark. So where does this leave Italy and what can the rest of Europe do?
Read More