Tsunami

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Hurricane center: Beware of the storm surge

Hurricane center: Beware of the storm surge
By JENNIFER KAYAssociated Press MIAMI (AP) - During a hurricane, storm surge is one of the greatest threats to life and land, yet many people don't understand the dire warnings from forecasters to get out of its way. So this season, they hope to offer easy-to-understand, color-coded maps and

Japan's PM Abe defends policies as markets settle

Japan's PM Abe defends policies as markets settle
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst

US equities sell-off goes on; futures slump

US equities sell-off goes on; futures slump
NEW YORK (AP) - The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat. Uncertainty over how committed the Fed remains to a massive bond-buying program scattered investors and overshadowed a Labor Department report

Stricken Japan nuke plant struggles to keep staff

Stricken Japan nuke plant struggles to keep staff
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper

Japan gyrations underline economy's vulnerability

Japan gyrations underline economy's vulnerability
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or

Markets roiled by Nikkei's 7.3 percent slide

Markets roiled by Nikkei's 7.3 percent slide
By PAN PYLAS and PAMELA SAMPSONAP Business Writers LONDON (AP) - Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3

Japanese economy grew at 3.5 percent pace in 1Q

Japanese economy grew at 3.5 percent pace in 1Q
By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's economy enjoyed a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment. The data for January to March showed the

Pakistan's Sharif gets resounding election victory

Pakistan's Sharif gets resounding election victory
By SEBASTIAN ABBOT and ASIF SHAHZADAssociated Press LAHORE, Pakistan (AP) - Former Pakistani Prime Minister Nawaz Sharif looked poised to return to office with a resounding election victory - a mandate that could make it easier to tackle the country's daunting problems, including growing power

Pakistanis head to polls in unpredictable election

Pakistanis head to polls in unpredictable election
By SEBASTIAN ABBOT and MUNIR AHMEDAssociated Press ISLAMABAD (AP) - Despite a bloody campaign marred by Taliban attacks, Pakistan was holding historic elections Saturday pitting a former cricket star against a two-time prime minister once exiled by the army and an incumbent blamed for power

Malaysian elections expose worrying social schisms

Malaysian elections expose worrying social schisms
By SEAN YOONG and EILEEN NGAssociated Press KUALA LUMPUR, Malaysia (AP) - It was hardly the look of the victorious. Wearing a bright blue shirt and a grim expression, Prime Minister Najib Razak appeared before the media on Monday to somberly acknowledge that his coalition had won general elections