The following are the top stories in the Maltese and overseas press:
The Times says that the EU is calling for urgent reforms for Malta and other countries to have sustainable public finances.
The Malta Independent quotes Labour MP Owen Bonnici saying that Malta's name was besmirched by the Trafigura toxic cargo case some years ago.
l-orizzont leads with an address by GWU General Secretary Tony Zarb at the conference of the International Labour Organisation. He complained that some companies were employing workers with poor and illegal working conditions. It also says the European Parliament has cleared the way for Estonia to join the Eurozone, having adopted a report by MEP Edward Scicluna.
In-Nazzjon says a man has been accused of beating his adoptive parents. It also reports that GWU General Secretary Tony Zarb has not replied to questions as to why the union does not wish to give up one of its two MCESD seats in favour of the For.Um of trade unions.
The overseas press
The Washington Times reports BP has agreed to finance a $20bn (€16bn) fund to pay the claims of people whose jobs and way of life have been damaged by the devastating oil spill in the Gulf of Mexico. President Obama is expected to announce the deal in a statement later today after wrapping up a meeting with BP executives at the White House.
Meanwhile, The Miami Herald says BP has started burning oil siphoned from the ruptured well as part of its plans to more than triple the amount of crude it can stop from reaching the sea. BP officials believe the burner system could incinerate anywhere from 210,000 to 420,000 gallons of oil a day once it's fully operational. It is the first time this burning system has been deployed in the Gulf of Mexico.
Expansión reports the Spanish cabinet has approved a series of long-awaited structural changes to its labour market designed to make it cheaper for businesses to shed workers. The reforms favour work contracts with a severance allowance equivalent to 33 days' pay per year worked, instead of the current norm of 45 days' pay per year.
Le Parisien says the French government will raise the retirement age from 60 to 62. The plan was announced by Labour Minister Eric Woerth as he unveiled a sweeping overhaul of the pensions system to tackle its budget deficit. Trade unions are up in arms about the plan.
Haaretz reports senior cabinet ministers are meeting to ease its blockade of the Gaza Strip by limiting restrictions to a short list of goods, such as cement and steel, which Israel says militants could use in their battle against the Jewish state. However, the goods would be allowed in in co-ordination with the United Nations.
The Jerusalem Post says Israeli police have arrested several people in a violent protest by thousands of ultra-Orthodox activists in Jaffa opposed to an excavation they say is disturbing Jewish grave sites. The ultra-Orthodox community is trying to halt construction of a hotel in an upscale Jaffa neighbourhood.
L'Echo reports the European Parliament has decided against implementing a controversial EU-wide nutrition labelling system that rates food products by their fat and sugar content with the colours green, yellow, and red. The system may be implemented, however, on an optional basis.
La Croix says at least 19 people have died in France after rainstorms in the southeast of the country caused flash floods. Rescuers used helicopters to airlift residents to safety as floodwaters rose.
Nikkei reports that Japan's minority party submitted a no-confidence motion against the new prime minister's government. The ruling Democrats came to power last year and had seen their popularity plunge in recent months.
Metro says a runaway tram rolled from a depot through the Czech capital with the driver chasing after it on a bicycle after it broke through the tram depot's gate in the Motol district. The tram, which did not have any passengers on board, travelled for about half a mile on its track down a busy road towards downtown Prague before authorities switched off the electricity, bringing it to a halt. The driver was slightly injured trying to board the moving tram unsuccessfully.
A baby who suffered complications after undergoing an intricate heart operation was "frozen" for four days to cure his heart problems. The Sun reports that doctors in Newcastle upon Tyne, northern England, were repairing a large hole in 16-week-old Finley Burton's heart when he developed a potentially fatal erratic heart beat. They then made the radical decision to lower his body temperature to 33.40C to stabilise his heartbeat, A baby's body temperature is normally 370C. Afterwards doctors paralysed Finley so they could fit an external pacemaker.
RUV says Iceland's Supreme Court has ruled that the remains of chess legend Bobby Fischer can be exhumed for a paternity test to test if he was indeed the father of Jinky Young, 9, from the Philippines, as her mother claims. Fischer, who died on January 17, 2008, is buried at the cemetery of Laugardaelir Church in southern Iceland. His estate is estimated to be worth about $2 million (€1.63 million) and new evidence had emerged that Fischer had transferred money to Young's mother in 2006 and 2007, boosting her case that he was in fact her father.