Ford, Hyundai out of race for Kia takeover
US car-maker Ford Motor Co and South Korea's largest car-maker, Hyundai Motor, are out of the race to take over troubled Kia Motors Corp and sister firm Asia Motors, South Korean newspapers said on Saturday.

PM allays fears on N-arms race
Prime Minister Atal Behari Vajpayee has sought to allay apprehensions about India triggering a nuclear arms race in the region even "accidentally'' but sserted that the "war'' against cross-border terrorism inspired by Pakistan will continue.

Yeltsin prepares to cede tsar-like hold on powers
Under unprecedented pressure to resign, a besieged president Boris Yeltsin suggested today he would cede some of his powers to ensure a smooth confirmation hearing for his heir apparent Viktor Chernomyrdin.

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