Iceland PM quits in offshore leaks saga

Iceland’s prime minister has resigned amid controversy over his offshore holdings.

Sigmundur David Gunnlaugsson is stepping down as leader of the country’s coalition government, said agriculture minister Sigurdur Ingi Johannsson.

Thousands of Icelanders protested outside the parliament building in Reykjavik on Monday, demanding that Mr Gunnlaugsson resign over reported offshore financial dealings by him and his wife that opposition lawmakers say amount to a major conflict of interest with his job.