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Toyota net profit tumbles 99% in April-June

Japan’s Toyota Motor on Tuesday said net profit plunged 99 percent in April-June on the impact of the March disasters, but raised its full year net profit forecast 39 percent on recovery hopes. The world’s biggest automaker stumbled to a net profit of 1.16 billion yen ($14.9 million) in the…

Flooding kills 23 in earthquake-ravaged Haiti

PORT-AU-PRINCE — Torrential rains lashed Haiti on Tuesday, flooding shanty towns, swamping the squalid camps erected after a 2010 earthquake and killing at least 23 people, officials said. The worst rains to hit the impoverished country this year — at the start of the hurricane season — paralyzed the capital,…

US donations to Japan near $150 million

WASHINGTON – US relief groups said Tuesday that Americans have donated close to $150 million to support Japan after its devastating March 11 earthquake and tsunami. The American Red Cross said it has raised $120.5 million. It said it gave $10 million initially to the Japanese Red Cross and would…

Japanese corporations agree to forgo tax cuts, for good of their country

Hiromasa Yonekura, chairman of the Japan Business Federation, said the influential lobby would not fight the government if it decided to shelve a plan to lower the corporate tax rate, which at around 40 percent is among the highest in the industrialized world. Economics Minister Kaoru Yosano suggested last week the government…

U.S. shows growing alarm over Japan nuclear crisis

WASHINGTON (Reuters) – The United States showed increasing alarm about Japan’s nuclear crisis on Wednesday and urged its citizens to stay clear of an earthquake-crippled power plant, going further in its warnings than Japan itself. The State Department said the United States has chartered aircraft to help Americans leave Japan…

Deaths reported as major quake hits New Zealand

WELLINGTON – Multiple deaths were reported as a 6.3 magnitude earthquake struck Christchurch in New Zealand Tuesday, toppling buildings, igniting fires and sending panicked people rushing into the streets. The widespread damage came from a shallow lunch-time tremor in a city of 340,000 still recovering from a powerful quake in…

3.6-magnitude earthquake rattles Washington

WASHINGTON (AFP) – A 3.6-magnitude earthquake, fairly rare on the US east coast, rattled Washington and the surrounding area early Friday, the US Geological Service said. The temblor struck 35 kilometers (20 miles) northwest of the US federal capital, in the state of Maryland, at 0904 GMT. But the quake…

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