The Greek finance minister is engaged in a new conference call with debt inspectors to try to persuade them to release the next phase of the international bailout. Greece says it needs the new loan of $11bn or it'll run out of cash by the middle of next month.

President Obama has welcomed Libya's transitional leader to the United Nations in New York. The new Libyan flag flew outside UN headquarters as Mr Obama and other world leaders greeted Mustafa Abdul Jalil. Mr Obama praised the Libyan people's achievement in liberating their country.

"Today, the Libyan people are writing a new chapter in the life of their nation. After four decades of darkness, they can walk the streets, free from a tyrant. They are making their voices heard in new newspapers and on radio and television, in public squares and on personal blogs. They are launching political parties and civil groups to shape their own destiny and secure their universal rights."

The African Union has ended weeks of internal discussion and formally acknowledged the National Transitional Council as Libya's sole legitimate authority. The debate over recognition of Libya's former rebel movement caused deep divisions within the AU, which includes several countries that had close links with Colonel Gaddafi.

World News from the BBC

The Pakistan Air Force has flown its first mission to deliver relief supplies to people hit by widespread flooding in the south of the country. Helicopters were used to drop aid to isolated villages in the worst affected province of Sindh. The United Nations says three million people in Pakistan are running desperately short of food as a result of the floods.