Mr Lee Hsien Loong expressed support and looked forward to Japan#39;s early decision with regard to its participation in the TPP. Mr Yukio Edano also thanked Singapore#39;s support during the March 11 Tohoku Disasters and agreed the two countries could deepen cooperation in many areas. Japan#39;s new Trade Minister, Yukio Edano, is in Singapore on his first visit to the Republic in his current capacity. He met Prime Minister Lee Hsien Loong at the Istana on Friday afternoon. The Foreign Affa
Sadly, as we expected, things have gone from bad to worse for the people of Japan. An explosion rocked another nuclear plant in northeastern Japan earlier today, causing authorities to issue another evacuation warning. Soldiers and officials along a stretch of Japan’s northeastern coast warned residents that the area could be hit by another tsunami Monday and ordered them to higher ground. But the Meteorological Agency said there was no risk of another deadly wave. The warning came as an explosion rocked the nearby Fukushima Dai-ichi nuclear power plant. The blast was felt 30 miles away by Associated Press journalists in the coastal town of Soma, where residents fled the town for safety after being herded quickly through muddy, debris-strewn streets. TV footage showed a massive column of smoke belching from the Fukushima Dai-ichi nuclear plant’s No. 3 unit, about 125 miles north of Tokyo. Japanese officials said they believe it was a hydrogen explosion similar to an earlier one at a different unit in the facility. The problems at the plant stem from failed cooling systems caused by damage from Friday’s earthquake and tsunami. More than 180,000 people have evacuated the area, and up to 160 may have been exposed to radiation. Before the power plant blast, sirens around Soma, which was battered by Friday’s tsunami, went off and public address systems ordered residents to safety. Farther south along the coast, helicopters flew over coastal communities warning residents to head to higher ground. In Sendai, the biggest city in the area, police announced warnings on a public address system. In Tokyo and elsewhere, authorities began rolling blackouts to conserve power as they tried desperately to stabilize the nuclear reactors at risk of meltdown in the aftermath of the earthquake and tsunami. The disasters sent Tokyo’s stock market plunging as it opened, raising fears of a steep economic toll on top of the already overwhelming human suffering. The planned blackouts of about three hours each in Tokyo and other cities are meant to help make up for the loss of power from key nuclear plants. Trade Minister Banri Kaieda said Sunday that the power utility expects a 25 percent shortfall. Some 1.9 million households were without electricity, but many people were without even more basic necessities. At least 1.4 million households had gone without water since the quake struck, and food aid was slow in reaching many areas. And the death toll keeps rising . And they’re expecting snow this week, which will make the situation even tougher for survivors and rescue workers… SMH.
HSBC Chairman Stephen Green attends a session at the World Economic Forum (WEF) in Davos in this January 28, 2009 file photo. HSBC confirmed on September 7, 2010, that Green will step down to become UK minister of state for trade and investment. Chairman Stephen Green is leaving the bank to become the U.K. trade minister in the country#39;s coalition government, the BBC reported Tuesday. BBC Business Editor Robert Peston wrote in his blog, published on the BBC#39;s Web site, that Green#39;s ap
In this photo released by VisMedia, the newly announced Barclays PLC chief executive Robert E. Diamond Jr., center, poses for a photograph with outgoing Barclays CEO John Varley, left, and Barclays chairman Marcus Agius, right, at Barclays headquarters in Canary Wharf, London, Tuesday, Sept. 7, 2010. Diamond, who built Barclays PLC into a global powerhouse in investment banking and has been criticized for his lavish pay, will become chief executive next year, the company announced Tuesday. John