A tsunami alert has been lifted around much of the Indian Ocean after an 8.6-magnitude earthquake struck off the western coast of Aceh, northern Sumatra, triggering panic as people fled for high ground.

The quake’s centre was 20 miles beneath the ocean floor and about 308 miles from the provincial capital of Banda Aceh, according to the US Geological Survey (USGS). It was initially reported as being of 8.9 magnitude but was downgraded shortly after it hit. A 6.5-magnitude aftershock has since been reported.

Traffic jams were reported in Aceh, where people scrambled for higher ground as sirens mingled with sounds from the mosques, Reuters reported. A rescue team from Indonesia‘s disaster mitigation agency was sent to the region to help.

Officials in the neighbouring countries of Thailand, Malaysia and India issued precautionary evacuation orders along coastal regions. Thailand temporarily closed Phuket airport, according to local media, with warnings of waves up to 4 metres (13ft) in height hitting the holiday islands of Phuket and Krabi, although no tsunami waves have yet been reported.

Tremors, some lasting for as long as five minutes, were felt across south-east Asia after the earthquake hit. Reports on Twitter described employees rushing out of office buildings and families looking for safety as far away as Rangoon, Bangkok, Ho Chi Minh City, Singapore, India and Sri Lanka.

CONTINUED at The Guardian.

Hopeless romantic or macabre publicity hound?

A Thai television director’s decision to marry his dead girlfriend and post photos and video of the event to Facebook and YouTube is drawing mixed reaction from the public.

Chadil Deffy, also known as Deff Yingyuen, married his girlfriend of 10 years, Sarinya “Anne” Kamsook, early this month as she lay in a coffin in a wedding-cum-funeral at a temple in Surin Province, the Pattaya Daily News reported.

During the ceremony, the 28-year-old groom, wearing a black tuxedo, placed a ring on the finger of his late girlfriend, whose body was lying on a raised platform, dressed in a white bridal dress.

He put photos of himself and his dead bride on his personalFacebook page under an album titled “Corpse Bride.” He also uploaded a video to YouTube.

The couple met while studying at Eastern Asia University 10 years ago and had planned to get married for a while but Kamsook died in a car accident on Jan. 3, according to media reports. She was 29.

A friend of Deffy, Onsiri Pravattiyagul, wrote in anopinion column this week in The Bangkok Post:

The “wedding” was his attempt to right a wrong, however belated the gesture might have been.

As expected, the initial public reaction was an outpouring of sympathy for the “groom” and a wave of sentimental remarks. The romantically inclined were moved by this expression of “true love,” however unconventional. It seemed to hit a nerve with many people. The offline media picked up on the buzz, too, and went to town with the story. Chadil found himself under a spotlight, experiencing an unexpected 15 minutes of fame.

Also as expected, within days, the backlash began — and it wasn’t at all kind. In a heartbeat, Chadil went from being viewed as a hopeless romantic to being vilified as a publicity-hungry opportunist.

Pravattiyagul said Deffy was heartbroken and “wasn’t thinking about the possibility of fame when he decided to put a ring on her cold finger. He merely wanted to make things right, however small or inadequate the gesture might seem.”

Source: MSNBC.

*Taken from Yahoo News.

Two strong earthquakes struck northeastern Myanmar less than a minute apart Thursday night. They could be felt as far away as Bangkok, but a tsunami was not generated.

The first 7.0-magnitude quake was just six miles (10 kilometers) deep, according to the U.S. Geological Survey. It was followed by another of the same strength but far deeper: 140 miles (230 kilometers).

The quakes struck along Myanmar’s borders with Thailand and Laos, about 70 miles (110 kilometers) from the northern Thai city of Chiang Rai.

Buildings swayed in Bangkok, 500 miles (800 kilometers) south of the epicenter.

The Pacific Tsunami Warning Center says it was located too far inland to create a destructive wave.

*Taken from Yahoo News.

SEOUL, South Korea – Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency’s value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs.

A joint statement issued by the leaders including President Barack Obama and China’s Hu Jintao tried to recreate the unity that was evident when the Group of 20 rich and developing nations held its first summit two years ago during the global financial meltdown.

But deep divisions, especially over the U.S.-China currency dispute, left G-20 officials negotiating all night to draft a watered-down statement for the leaders to endorse.

“Instead of hitting home runs sometimes we’re gonna hit singles. But they’re really important singles,” Obama told a news conference afterthe summit.

Other leaders also tried to portray the summit as a success, pointing to their pledges to fight protectionism and develop guidelines next year that will measure the imbalances between trade surplus and trade deficit countries.

The G-20′s failure to adopt the U.S. stand has underlined Washington’s reduced influence on the international stage, especially on economic matters. In another setback, Obama also failed to conclude a free trade agreement this week with South Korea.

The biggest disappointment for the United States was the pledge by the leaders to refrain from “competitive devaluation” of currencies. Such a statement is of little consequence since countries usually only devalue their currencies — making it less worth against the dollar — in extreme situations like a severe financial crisis.

The statement decided against using a slightly different wording favored by the U.S. — “competitive undervaluation,” which would have shown the G-20 taking a stronger stance on China’s currency policy.

The crux of the dispute is Washington’s allegations that Beijing is artificially keeping its currency, the yuan, weak to gain a trade advantage.

U.S. business lobbies say that a cheaper yuan costs American jobs because production moves to China to take advantage of low labor costs and undervalued currency.

A stronger yuan would shrink the U.S. trade deficit with China, which is on track this year to match its 2008 record of $268 billion, and encourage Chinese companies to sell more to their own consumers rather than rely so much on the U.S. and others to buy low-priced Chinese goods.

But the U.S. position has been undermined by its own central bank’s decision to print $600 billion to boost a sluggish economy, which is weakening the dollar.

Also, developing countries like Thailand and Indonesia fear that much of the “hot” money will flood their markets, where returns are higher. Such emerging markets could be left vulnerable to a crash if investors later decide to pull out and move their money elsewhere.

Obama said China’s currency policy is an “irritant” not just for the United States but for many of its other trading partners. The G-20 countries — ranging from industrialized nations such as U.S. and Germany to developing ones like China, Brazil and India — account for 85 percent of the world’s economic activity.

“China spends enormous amounts of money intervening in the market to keep it undervalued so what we have said is it is important for China in a gradual fashion to transition to a market based system,” Obama said.

The dispute is threatening to resurrect destructive protectionist policies like those that worsened the Great Depression in the 1930s. The biggest fear is that trade barriers will send the global economy back into recession.

The possibility of a currency war “absolutely” remains, said Brazilian Finance Minister Guido Mantega.

Friday’s statement is also unlikely to resolve the most vexing problem facing the G-20 members: how to fix a global economy that’s long been marked by huge U.S. trade deficits with exporters like China, Germany and Japan.

Americans consume far more in foreign goods and services from these countries than they sell abroad.

The G-20 leaders said they will try to reduce the gaps between nations running large trade surpluses and those running deficits.

The “persistently large imbalances” in current accounts — a broad measure of a nation’s trade and investment with the rest of the world — would be measured by what they called “indicative guidelines” to be determined later.

The leaders called for the guidelines to be developed by the G-20, along with help from the International Monetary Fund and other global organizations, and for finance ministers and central bank governors to meet in the first half of next year to discuss progress.

Analysts were not convinced.

“Leaders are putting the best face on matters by suggesting that it is the process that matters rather than results,” said Stephen Lewis, chief economist for London-based Monument Securities.

“The only concrete agreement seems to be that they should go on measuring the size of the problem rather than doing something about it.”