Shock as Austrian Chancellor Faymann Resigns

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Werner Faymann says he's lost the support of his party colleagues. Robert Wiesner at the broadcaster ORF in Vienna gives us his assessment. Also in the programme, European finance ministers are meeting to discuss Greece's next tranche of bailout money. Yannis Palaiologos wrote 13th Labour of Hercules about the Greek financial crisis, and explains whether we can expect another summer of late night talks and political deadlock with the country facing the prospect of a default. After 20 years as Saudi Arabia's oil minister, Ali al-Naimi has been replaced by Khalid al-Falih. Professor Joseph Kechichian at the King Faisal Center for Research and Islamic Studies in Riyadh tells us what's behind the move. The BBC's Marie Keyworth reports on the prospects for a smart bicycle light which can gather data on road defects. And our regular commentator Lucy Kellaway of the Financial Times talks about the benefits of interviewing someone over lunch. (Picture: Werner Faymann walks past a protestor. Picture credit: EPA.)