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Toyota reaches $1.1 bn deal with US owners over recalls
Toyota has agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls, the Japanese automaker said Wednesday. ... more
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Iraqi Kurdistan oil exports slashed in payment row
Oil exports from Iraq's autonomous Kurdistan region via the federal government have been slashed in the latest chapter of a long-running payments row, a spokesman said on Wednesday. ... more
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Russia unveils $25 bn oil link to Pacific
Russian President Vladimir Putin on Tuesday unveiled the final extension of a new $25 billion oil pipeline to the Pacific that underscores the energy power's gradual shift away from stagnant European markets. ... more
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Iran begins naval war games: reports
Iran on Tuesday launched naval manoeuvres in the Gulf, and announced plans for another exercise in the strategic Strait of Hormuz later this week, media reports said. ... more
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