Toyota Motor intends to start mass-producing electric vehicles by 2020, hoping to expand its lineup of green automobiles beyond hybrid and fuel-cell cars. Toyota will seek cooperation from group companies to start production quickly. Source: Nikkei Asian Review
China has threatened to attack Vietnamese bases over gas drilling in the disputed waters of the South China Sea, according to diplomatic sources in Hanoi and the Asian oil industry. Source The Sidney Morning Herald
Foreign assets of the Saudi Arabian Monetary Agency (SAMA) and the commercial Saudi banks reached SR1.996 trillion by the end of May, business daily Al-Eqtisadiah reported on Monday quoting the agency’s official figures. According to the figures, SAMA’s net foreign assets were SR1.844 trillion against foreign demands of SR18.462 billion. Source: Al Arabiya
Germany and Japan have signed an inter-government agreement to cooperate on military equipment and underlying technologies. Source: Sputnik
