Top news: The Italian stock market fell sharply amid fears that the results of Sunday and Monday's election could produce a prolonged standoff between parties. With Italians awaiting the official vote tally, the poll remains deadlocked between the center-right and center-left blocs. Comedian Beppe Grillo's anti-establishment 5-Star Movement, or "non-party", was the election's biggest winner, taking fully 25 percent of the vote.
The results were widely seen as a rebuke of the austerity policies of Mario Monti's technocratic government, but a new election will be required if the current standoff can't be resolved.
Already, the interest rate on Italy's benchmark 10-year bond has risen .25 percent and the country's FTSE MIB index is down more than 4 percent. The Euro, meanwhile, slid to an almost seven-week low against the dollar, and banks across Europe reacted negatively to the uncertainty.
"What is now decisive for Italy - but, because Italy is such an important country for Europe, also for the whole of Europe - is that a stable government that is capable of acting can be formed as quickly as possible," German Foreign Minister Guido Westerwelle told reporters in Berlin.
Iran: Talks between Iran and six Western powers resumed in Almaty, Kazakhstan Tuesday, but few are hopeful that they will yield an agreement.
- Saudi Arabia has purchased large shipments of Croatian infantry weapons and supplied them to rebels in Syria.
- Secretary of State John Kerry said Monday that the administration is exploring new ways to support the Syrian rebels and that it would not leave them "dangling in the wind."
- A hot air balloon crashed on Tuesday near the ancient Egyptian city of Luxor, killed at least 18 people.
- Fighting between rival factions of the M23 insurgency in eastern Congo left at least eight people dead.
- A "manifesto" left by militants in Mali warned against implementing strict Islamic law too quickly and predicts the French intervention.
- A YouTube video surfaced that apparently shows members of a French family held hostage by Islamists in Cameroon.
- Thailand's prime minster is scheduled to meet with her Malaysian counterpart Thursday for talks that could presage peace negotiations with separatist rebels.
- A new report from Human Rights Watch documented 75 cases of alleged sexual abuse by Sri Lankan security forces against ethnic Tamils in state custody.
- American basketball player Dennis Rodman arrived in North Korea Tuesday with a delegation from the Harlem Globetrotters.
- The Colombian government authorized a committee to meet with ELN rebels in an effort to free two German hostages.
- Mexican President Enrique Pena Nieto on Monday signed into law a set of sweeping education reforms.
- Thousands of Colombian coffee growers went on strike, demanding greater subsidies as global prices for their product slump.
- The head of Portugal's main center-left opposition party said Monday that the country should renegotiate its 78-billion-euro international bailout because austerity has failed.
- The runner-up in Armenia's presidential election may challenge the official results that gave his opponent a new five-year term.
- Europe's fisheries ministers may back off a plan to ban the practice of discarding fish at sea.