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Breaking News
  • US President Barack Obama has accepted the resignation of Defense Secretary Chuck Hagel according to Pentagon sources.
  • US Defense Secretary Hagel is stepping down, the New York Times reports, citing senior Obama administration officials (Reuters)
  • Russian Foreign Minister Lavrov says Vienna talks on Iran’s nuclear programme made “considerable progress” but not arrived at final agreement (Reuters)
  • British Foreign Secretary Hammond says Iran nuclear talks with six powers extended through end of June (Reuters)
  • Britain faces biggest threat to its security from terrorist at any time before or since September 11 2001 attacks on United States, according to Home Secretary Theresa May (Reuters)

China’s Chery Quantam auto has unveiled the design of its first car which it hopes will break new ground in Europe. The model, Qoros, is the result of a joint venture between biggest car manufacturer investment firm Israel Corp. The makers aim to reverse a trend and export Chinese cars to Western Europe. It is expected to hit European and Chinese markets by late 2013.

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