LIVE Libyan Unrest: July 11, 2011

We are tracking the latest developments to keep you updated on the situation on the ground. There are interactive maps located in the Protest map page to keep up with the latest movements. Also check out the featured twitters on the sidebar. On the Go? Follow us on Twitter @Feb17Libya for the Live updates and discussion. All updates are in Libyan local time (GMT+2)
7:48am: UniCredit SpA has had signs of interest in Libya’s roughly 7 percent stake in the Italian bank, Chief Executive Federico Ghizzoni said in an interview published on Monday.
UniCredit, Italy’s biggest bank by assets, also will keep its stake in investment bank Mediobanca SpA “at the same level”, he told Corriere della Sera.
Asked about a capital increase, Ghizzoni said: “Today we all agree that capital should be higher than in the past. But I don’t agree about raising capital to such a level that there will be significant problems with profitability.”
He said of financial markets that the “situation is extremely volatile and delicate”.
7:32am: The United States remains firm that Libyan leader Muammar Gaddafi must give up his 41-year rule, the state department said on Sunday, after France’s defense minister advocated a compromise with Libyan rebels.
“The Libyan people will be the ones to decide how this transition takes place, but we stand firm in our belief that Gaddafi cannot remain in power,” the department said in a written reply to a query.
7:00am: France appeared on Sunday to shift its position on the Libyan uprising, suggesting that there could be no military solution and that Muammar Gaddafi loyalists and Libyan rebels should begin direct negotiations.
However, Paris also said its objective was still that Libyan leader Gaddafi must eventually leave power – a condition virtually certain to be rejected by a hitherto defiant Gaddafi.
4:07am: Australia vowed on Sunday to keep up humanitarian aid to Libya, as a senior official from Canberra visited the country for the first time since the revolt against Moamer Kadhafi erupted in mid-February.
Paul Grigson, Australia’s deputy foreign affairs and trade secretary, met members of the rebel National Transitional Council for talks, underscoring Australia’s role in providing aid and its recognition of Libya’s rebel council.
3:00am: Libya’s rebel council issued a blunt warning to neighbouring Algeria on Sunday, insisting that it must “stop supporting Kadhafi,” as tensions between the North African countries bubbled to the surface.
Abdel Hafiz Ghoga, vice president of Libya’s National Transitional Council, accused Algeria of supporting Moamer Kadhafi militarily in the early days of the near five-month-long war, and that it continued to support him politically.
“Our only response to Algeria is: stop supporting Kadhafi and stop helping him terrorise and kill innocent civilians and our loved ones,” he said.
Algeria has not officially recognised the rebel council, nor has it called for Kadhafi to go.
“(Kadhafi) had military air support from Algeria” said Ghoga, recalling the early days of the war, adding that 4×4 vehicles had also crossed the border in support of Kadhafi forces.”
“We hoped that the Algerian regime had learned its lesson and stopped these acts,” he said, without giving details about current levels of support.