Iran launches new nuclear project

ARAK, Iran - "Iran's president launched a new phase in the Arak heavy-water reactor project on Saturday, saying Tehran would not give up its right to nuclear technology despite Western fears it aims to make atomic bombs.

President Mahmoud Ahmadinejad was speaking just days before an August 31 deadline set by the U.N. Security Council for Iran to halt uranium enrichment -- the West's biggest worry in Iran's atomic program -- or face possible sanctions.

'No one can deprive a nation of its rights based on its capabilities,' Ahmadinejad said in his speech to inaugurate the heavy water project." More at Reuters.