By Steve Gutterman MOSCOW (Reuters) - Iran has taken constructive steps toward compromise in the decade-old standoff over its nuclear program and world powers should reciprocate, Russian Foreign Minister Sergei Lavrov said in remarks published on Tuesday. Iranians elected a new moderate president, Hassan Rohani, on Friday and he held out the prospect on Monday of a thaw in relations between Iran and the world, including the United States, and progress on resolving the nuclear dispute.

FRANKFURT (Reuters) - German industrial conglomerate Siemens is seeking offers from private equity firms to buy its stake in its telecoms equipment joint venture Nokia Siemens Networks (NSN), three sources familiar with the discussions said on Tuesday. Siemens, together with its partner Nokia is reviving efforts to find a buyer and has approached private equity companies TPG, KKR and Blackstone, the sources said. Nokia and Siemens have been looking to exit the joint venture company through a buyout or public offering.

Leaders of the Group of Eight nations on Tuesday condemned terrorism of any form and vowed to cooperate in reducing terrorism risks as they wrapped up their two-day summit in Northern Ireland. In a communique released after the summit, the leaders expressed deep concerns about North Korea's nuclear and missile programs and called on the country to abandon the programs, which Pyongyang has pursued despite international sanctions against it.

Rising Australia fast bowling hope Pat Cummins is to make an unusual return to action from injury by playing for the Northern Ireland Cricket Academy in Belfast on Wednesday. The 20-year-old will play against Marylebone Cricket Club (MCC) before switching side two days later to play against Ireland Under-19s, who are preparing for their Under-19 World Cup qualifiers in the Netherlands in August. Cummins's participation in the two matches comes after an agreement between Cricket Australia and Cricket Ireland.