The following are the top stories in the Maltese and overseas press:
The Times reports that Education Minster Dolores Cristina survived a no-confidence motion. It features the Isle of MTV concert and also reports that Malta could be liable for millions of euro if it does not reach its renewable energy targets.
The Malta Independent also carries a picture of the granaries during the Isle of MTV concert. It reports that the government is expected to announce reforms to national authorities which handle EU funds for Malta programmes.
l-orizzont says shots were fired during a failed hold-up at HSBC centre yesterday. No one was injured.
In-Nazzjon says €26 million are to be invested in Dragonara Casino. It also says that Joseph Muscat was very close to Patrick Spiteri, the lawyer who was arraigned and accused of fraud.
The overseas press
Belgium today assumes the rotating presidency of the European Union. Le Soir reports Prime Minister Yves Leterme, who heads the country's caretaker government, has dismissed concerns about Belgium's commitment to the EU presidency programme, which he said enjoyed wide cross-party support.
Berliner Zeitung says Christian Wulff - Chancellor Angela Merkel's candidate - has been elected Germany's new president. It took three rounds of voting to decide the presidential race, after Wulff failed to secure the absolute majority required to win in an earlier round. He won in the final round of voting with an outright majority of 625 seats.
EU Observer reports that the European Union has agreed a deal placing new limits on bankers' bonuses, linking them to salaries and long-term performance. And The Washington Post says the US House of Representatives has approved a landmark bill designed to overhaul the US financial system. The Bill will now go to the Senate.
The Wall Street Journal says theWorld Trade Organization (WTO) has ruled that the EU paid illegal subsidies to aircraft giant Airbus. It was not clear if the EU will appeal. Meanwhile the EU has made a similar complaint over the US's alleged support of its rival aircraft giant Boeing.
The Washington Times reports President Obama has declared a state of emergency in Texas as Hurricane Alex bears down on the coast with 130km/h winds. Heavy seas caused by the first Atlantic hurricane of the season have already disrupted BP's oil spill clean-up in the Gulf of Mexico and pushed more oil from the spill on to beaches in Louisiana.
Cyprus News says one of 11 suspects accused by the US of spying for Russia has gone missing after being freed on bail on Cyprus. Christopher Metsos, a Canadian, was due to sign in at a police station in Larnaca but did not show up. He was awaiting a hearing for extradition to the US.
According to The Times, British Defence Secretary Liam Fox has issued a blunt warning that Britain and its coalition allies in Afghanistan needed to hold their nerve and show the resolve to see the job through. Meanwhile, the US Senate has unanimously confirmed General David Petraeus as the new commander of the Afghanistan war.
Manila Standard reports Benigno Aquino III has taken his oath as the Philippines' president. He now leads the south-east Asian nation his late parents helped liberate from dictatorship and which he promises to deliver from poverty and pervasive corruption.
La Tribune says suspected armed Islamic militants have killed 11 Algerian paramilitary police in a dawn ambush in the Sahara desert during a military vehicle patrol. The attackers also stole weapons and communication devices, and set the vehicles alight. It is the most deadly attack so far this year in Algeria.
Metro says Naomi Campbell and actress Mia Farrow will be summoned to testify at former Liberian President Charles Taylor's war crimes trial, addressing allegations that he gave the supermodel an uncut diamond at a South African reception in 1997.
Chiang Mai Mail reports Thai police have charged a 90-year-old Australian man with raping four young sisters whom he allegedly lured to his home with chocolates. Karl Joseph Kraus was arrested at his house in the northern city of Chiang Mai, where, according to officials, as many as 100 indecent images of children were also found,.
France Football says FIFA will monitor reports emanating out of Nigeria that the country's president has banned the national squad from international competition for two years after their disappointing World Cup. In previous cases, FIFA have suspended a national association where governments have intervened in the running of the game.