Posts From King World News

Is $225,000 Too Much for This Insane, V-10–Powered E30 BMW M3?

– If you’ve been waiting for the world’s most exotic, insane, and expensive BMW E30 M3, look no further. It’s on eBay right now—and it will only cost you about as much as a Ferrari 458. – First things first, though: Can we even call this an E30 M3? Under the hood sits a 5.7-liter V-10, a bored and stroked version of the E60 M5’s 5.0-liter V-10—said to be a Dinan-massaged unit—which

Fresh earthquake brings panic, damage and death to Nepal

By Krista Mahr and Ross Adkin SANGACHOWK, Nepal (Reuters) – A 7.3 magnitude earthquake killed at least 37 people and spread panic in Nepal on Tuesday, bringing down buildings already weakened by a devastating tremor less than three weeks ago and unleashing landslides in Himalayan valleys near Mount Everest. Most of the reported fatalities were in villages to the east of Kathmandu, only just beginning to pick up the pieces

Air strikes hit Yemen capital, U.N. envoy arrives hours before truce

By Mohammed Ghobari and Mohammed Mukhashaf CAIRO/ADEN (Reuters) – Saudi-led air strikes pounded the rebel-held Yemeni capital Sanaa on Tuesday just hours before a five-day humanitarian ceasefire was set to begin. Looking to prepare for the truce and jumpstart stalled political talks among Yemen’s civil war factions, the new U.N. envoy to the country arrived in Sanaa, saying fighting would not resolve a conflict that crosses ethnic and religious faultlines.

Kerry meets Putin to gauge flexibility on Ukraine, Syria

By Arshad Mohammed and Denis Dyomkin SOCHI, Russia (Reuters) – U.S. Secretary of State John Kerry met President Vladimir Putin on Tuesday to probe Russia’s willingness to curb its involvement in Ukraine and its backing of Syria’s president. Kerry met Russian Foreign Minister Sergei Lavrov for more than four hours before he sat down with Putin in the Black Sea resort of Sochi in what was the highest-level U.S. visit

Exclusive: Greece tapped its emergency IMF reserves to pay IMF debt – sources

By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) – Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million) due to the international lender, a Greek central bank official said, avoiding default but underscoring the dire state of the country’s finances. With Athens close to running out of cash and a deal with its international creditors still elusive, there had been doubts about whether the leftist-led

Iran stresses end-June deadline as nuclear talks press on

Tehran’s top nuclear negotiator said on Tuesday he hoped diplomacy resuming this week will yield results before a self-imposed deadline for a final deal to curtail Iran’s atomic program expires at the end of June. “We hope we can pull together an agreement before July 1,” Abbas Araqchi was quoted as saying by Iran’s Mehr news agency as he met European officials in Vienna. Diplomats are trying to fill gaps

Focus on Islamic State and Libya as NATO foreign ministers meet

By Adrian Croft ANTALYA, Turkey (Reuters) – Preoccupied for more than a year by the Ukraine crisis, NATO foreign ministers meeting in Turkey this week will focus on instability on the alliance’s southern flank, ranging from Islamic State in Iraq and Syria to turmoil in Libya. By meeting in Turkey, which shares a 1,200 km (750-mile) border with Iraq and Syria, NATO hopes to show it is responsive to the

Mozambique's economy to grow 7% in 2015: IMF

The International Monetary Fund said Tuesday it expected Mozambique’s economy to grow seven percent this year, thanks to investment in the vast northeastern Rovuma gas fields. “Mozambique’s economic performance remains robust and stronger than most other Sub-Saharan African countries,” said Alex Segura-Ubiergo, who led an IMF team on a two-week trip to Mozambique. Mozambique is on the cusp of becoming the world’s third largest exporter of liquefied natural gas after