World
Thousands of northeast Japan homes still without power after earthquake kills four
Tens of thousands of Japanese households remained without power on Thursday morning, more than 10 hours after a powerful earthquake that left at least four dead and more than 100 injured, and severed transport links to the country’s northeast, Reuters reported.
Companies including a giant chipmaker and Toyota Motor Corp (7203.T) raced to assess the impact of the magnitude 7.4 quake, which struck shortly before midnight on Wednesday. Supply chain disruptions could put more pressure on already strained global output of smartphones, electronics and automobiles, read the report.
The temblor revived memories of the March 11, 2011 disaster in the same area, and left Shinkansen bullet train service indefinitely suspended, with at least one major highway to the region closed for safety checks.
According to Reuters parts of building facades tumbled into streets below in some areas, and television footage showed a steep tiled roof crumpled over a parked, crushed car and workers examining cracked highways.
Areas of Tokyo lost power immediately after the quake, though most regained it within three hours.
But some 24,270 households serviced by Tohoku Electric Power Co (9506.T) in northeast Japan remained without electricity by 10:00 a.m. local time (0100 GMT) on Thursday, although the firm said it expected most will have supply restored later in the day.
Prime Minister Fumio Kishida said four people had died and that the government would be on high alert for the possibility of further strong tremors over the next two to three days, Reuters reported.
According to Reuters at least 107 people were reported injured, several of them seriously, with 4,300 households still without water by mid-morning. Residents of one Fukushima city formed a long queue in a parking lot to fill up plastic tanks with water for use at home.
Renesas Electronics Corp (6723.T), the world’s biggest maker of automotive microcontroller chips, said it was checking for quake damage at three plants in Japan.
Among them is its advanced Naka plant in Ibaraki prefecture, which closed for three months following the March 2011 quake and for a shorter time after a quake in 2021. It had to halt production last year because of a fire, exacerbating a global chip shortage that is forcing auto companies to curb output.
The quake, initially measured at magnitude 7.3 but later revised up to 7.4 by the Japan Meteorological Agency, hit at 11.36 p.m. local time just off the coast of Fukushima prefecture at a depth of 60 kilometres. The 2011 quake and tsunami off Fukushima – commemorated across the country less than a week ago – left some 18,000 dead.
A tsunami warning was issued but cancelled early on Thursday morning. Some areas reported a rise in the sea level but no serious damage was immediately reported.
The 2011 disaster also set off meltdowns at the Fukushima Daiichi nuclear power plant. No abnormalities were reported at any nuclear power plants, although authorities had earlier said a fire alarm had been triggered at a turbine building at the crippled plant.
Manufacturers said they were trying to gauge the potential damage to their facilities in the region.
Toyota said it had cancelled the day shift at two factories in northeast Japan after workers evacuated the plants during their evening shift on Wednesday. The automaker said it will decide on the evening shift later.
Mizuho Financial Group Inc’s (8411.T) main banking arm said some of its ATMs temporarily stopped operations due to power outages, but that they had all been restored to service.
In an attempt to cover the area affected by the Shinkansen outage, All Nippon Airways (9202.T) and Japan Airlines (JAL) said they had added extra flights to northern cities. There were no forecasts of when regular rail service might be restored.
Japan’s benchmark Nikkei stock average jumped, with no impact seen from the quake
World
US Vice President Vance emerges as key figure in Iran peace efforts: Report
US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.
An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.
The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.
Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.
US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.
White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.
While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.
According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.
“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.
World
Trump signature to appear on US currency, ending 165-year tradition
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
U.S. paper currency will bear President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.
The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. Mint and other Treasury functions, Reuters reported.
The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several weeks to circulate through banks.
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.
The signature change is the latest effort by the Trump administration and its allies to put the president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last week the design for a commemorative gold coin with Trump’s image.
Bessent said in a statement that the move was appropriate for the U.S. 250th anniversary, given strong U.S. economic growth and financial stability during Trump’s second term, read the report.
“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.
An effort for a circulating $1 Trump coin was set back by laws prohibiting the depiction of living individuals on U.S. coins.
A statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We Trust,” and only allows portraits of deceased individuals.
The overall designs of bills will not change, except for Trump’s signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.
Malerba, the former treasurer, declined comment on the Trump administration’s move.
Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful symbol of American resilience, the enduring strength of free enterprise and the promise of continued greatness.”
The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden age economic revival.”
World
Trump to hit Iran harder if Tehran does not accept defeat, White House says
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
President Donald Trump will hit Iran harder if Tehran fails to accept that the country has been “defeated militarily,” White House press secretary Karoline Leavitt said on Wednesday.
“President Trump does not bluff and he is prepared to unleash hell. Iran should not miscalculate again,” Leavitt told reporters in a press briefing.
“If Iran fails to accept the reality of the current moment, if they fail to understand that they have been defeated militarily, and will continue to be, President Trump will ensure they are hit harder than they have ever been hit before,” she said.
As the joint U.S.-Israeli war on Iran entered its fourth week, there have been efforts by multiple countries such as Pakistan, Turkey and Egypt to mediate.
Iran is still reviewing a U.S. proposal to end the war, despite an initial response that was negative, a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so far stopped short of rejecting it outright.
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
Citing unnamed sources, media outlets on Tuesday reported that Washington sent Tehran a 15-point plan on ending the war. Leavitt said on Wednesday that elements of the reports were not fully accurate, but she did not provide specifics.
“The White House never confirmed that full plan. There are elements of truth to it, but some of the stories I read were not entirely factual, so I am not going to negotiate on behalf of the president here at the podium,” Leavitt said.
Global equity markets regained some ground while oil prices dipped on Wednesday after the reports about the plan, with investors hoping for an end to a war that has disrupted global energy supplies and raised inflation concerns.
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