Turkey, Israel agreed to start to feasibility studies on the Mediterranean Pipeline Project (Medstream) that would consist of five pipelines that would carry water, natural gas, oil, electricity and fibreoptics from Turkey's Mediterranean coast to Israel. (UPDATED)
Toyota's profit for the January-March quarter sank 28 percent from the previous year as a strengthening yen and lagging North American sales chipped away at the Japanese automaker's earnings. Toyota, the maker of the Prius gas-electric hybrid and Camry sedan, forecast even tougher times ahead.