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US spent $43mn on Afghan gas station

MILITARY

US spent $43mn on Afghan gas station

The Pentagon spent $43 million to build a gas station in Afghanistan that should have cost roughly $500,000, a watchdog said.

Russia, Iran plan Caspian oil, gas swap

ENERGY

Russia, Iran plan Caspian oil, gas swap

Russia and Iran plan oil and gas swap as part of their new push to step up trade which is relatively minuscule compared with their strong political ties.

US, UK to test financial cyber-security

ECONOMY

US, UK to test financial cyber-security

The US and Britain will test later this month how its regulators would respond if their financial sectors suffered a major cyber-attack or broader IT problems.

Iran Khodro: Peugeot yielded to all demands

ECONOMY

Iran Khodro: Peugeot yielded to all demands

PSA Peugeot Citroen, which faces a backlash from its abrupt pullout from Iran in 2012, appears to have coaxed Iran Khodro into reviving their historic partnership.