Iceland's ruling coalition has named Sigurdur Ingi Johannsson as new prime minister with early elections to be held in the autumn. 
Johannsson, 53, is agriculture and fisheries minister and deputy leader of the Progressive Party (PP). 
The move comes after PM and PP chairman Sigmundur Gunnlaugsson stepped down in the wake of the leaked Panama Paper, the (BBC) reported. 
The leaks, from Panama law firm Mossack Fonseca, showed Gunnlaugsson owned an offshore firm with his wife. 
It was not declared when he became an MP. Gunnlaugsson says he sold his shares to his wife and denies any wrongdoing. But he is accused of concealing millions of dollars' worth of family assets.

Source: QNA