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Japanese automakers step on profit accelerator
Japanese automakers are stepping on the profit accelerator as a weak yen, recovering US demand and the fading impact of a consumer boycott in China boost their bottom line. ... more
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Israel drills disputed West Bank oilfield with 3.5B barrels
Israel's Givot Olam oil company says it's exploring an oil field that could contain 3.53 billion barrels of crude, which along with the rich natural gas fields the Jewish state's found under the Mediterranean Sea seems set to make it a regional energy power. ... more
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IBM says will 'aggressively' contest India tax demand
The local unit of US technology services giant IBM said Wednesday it will "aggressively defend itself" through legal means against an Indian tax demand for a reported $865 million. ... more
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The end of traffic jams? Dutch test new system
Researchers in the Netherlands will next year test a GPS navigation system aimed at preventing the international curse of motorway traffic jams by telling drivers which lane to move to. ... more
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