The following are the top stories in the Maltese and overseas press:

The Times leads with the tragic death of photographer Mario Agius during a fall while taking pictures of a wedding couple at Wied iz-Zurrieq and features comments from members of his family. It also reports that Enemalta cancelled the tender for a power cable between Malta and Sicily as the only submission was not compliant with requirements.

The Malta Independent says families are to receive the energy allowance in the coming weeks. It also says that Bank of Valletta passed the stress test with flying colours.

In-Nazzjon also features the photographer's death and Bank of Valletta's stress test success. In another story, it says that the Marsaxlokk promenade upgrading works are in their final phases.

l-orizzont leads with the cancellation of the tender for the interconnector cable. It also says that the EU has spent millions to say that fruit is good for you.

The overseas press

The Wall Street Journal reports that seven of 91 banks in 20 European countries have failed the so-called "stress test" to gauge if they could survive a future financial crisis. The seven were five cajas - Spanish savings banks - Germany's Hypo Real Estate and Greece's ATEbank. The tests were aimed at boosting investor confidence in the eurozone after nine months of turmoil that started with Greece's worsening fiscal situation last October.

The Financial Times says BP will start deep-water drilling off the coast of Libya within weeks. At 1,700 metres below sea-level in Libya's Gulf of Sirte, the well will be 200 metres deeper than the well in the Gulf of Mexico oil spill disaster. The paper says countries such as Italy, Greece and Malta - all within a radius of 500km of the Gulf of Sirte - have refrained from commenting on Libya's plans. However, environmentalists and politicians have expressed concerns.

De Telegraaf reports that an Amsterdam court has fined Swiss-based oil trading company Trafigura one million euros for exporting hazardous waste that allegedly left 15 people dead and thousands ill in Ivory Coast. Trafigura was accused of hiding the waste in a ship that docked in Amsterdam in 2006 and then exporting it illegally to the African country, where it was dumped around the capital by a contractor.

Asia Times says North Korea has threatened to use its "nuclear deterrent" in response to joint US-South Korean military exercises this weekend. The state-run Korean Central News Agency (KINA) quoted defence officials saying Pyongyang was ready to launch a "retaliatory sacred war". Washington and Seoul say the war games are to deter North Korean aggression. Tensions between the two Koreas have been high since the sinking of a South Korean warship in March.

Avvenire reports that the Italian Catholic church has told gay priests not to lead a "double life" after a magazine article showed priests frequenting homosexual clubs in Rome. The weekly Panorma magazine said it interviewed several gay priests in Rome and accompanied them to clubs frequented by homosexuals in the capital. It quoted one as saying that 98 per cent of the priests he knew were gay.

La Tribune de Genève reports a person has been killed and 42 others injured after Switzerland's famous Glacier Express tourist train derailed during its spectacular journey through the Alps. Police have said 12 of those hurt are in a serious condition. The majority on board were Japanese tourists.

According to Le Parisien, France has introduced a new law to protect its national flag from insult after a photo of a man wiping his bottom with the tricolour last March prompted outrage. Courts would now impose a €1,500-fine on anyone caught trying to "destroy, damage or use the flag in a degrading manner". Publishing photographs of attacks on the flag, even if the attacks were carried out in a private place, would also be punished.

La Republica says a driver ended up parking her car in the roof of a house after she forgot to put on the handbrake. It broke through the roof and landed in the bathroom, with the front end wedged in an iron bath which broke the fall and stopped the Fiat Panda plunging further into the house.

The New York Post quotes the results of a new study from American Cancer Society researchers who found that women who sat for longer than six hours a day during their leisure time - engaged in activities such as watching television, surfing the internet and reading - had higher death rates, even if they did daily exercise. The study, which surveyed 123,216 people for 13 years, was the first to find a link between the amount of time people spent sitting and their death rates.

France Football says the French Football Federation has accepted a suggestion by new coach Laurent Blanc to suspend all 23 members of its World Cup squad for their next game - a friendly against Norway in Oslo on 11 August. France failed to win any of their three group games in South Africa, scoring only on goal. The campaign included players boycotting training in support of Nicolas Anelka, who was sent home for insulting coach Raymond Domenech.

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