SEOUL, South Korea: North Korea on Monday fired four banned ballistic missiles that flew about 1,000 kilometers (620 miles) on average, with three of them landing in waters that Japan claims as its exclusive economic zone, South Korean and Japanese officials said. The test-launches appeared to be in reaction to huge US-South Korean military drills that Pyongyang insists are an invasion rehearsal.
It was not immediately clear the exact type of missile fired, but the tests will be viewed as a provocation by the Trump administration, which is working on its policy for North Korea. The New York Times reported over the weekend that the United States still can’t effectively counter Pyongyang’s actions despite efforts to perfect cyber and electronic strikes against North Korea’s missile program.
Pyongyang has test-launched a series of missiles of various ranges in recent months, including a new intermediate-range missile in February; it also conducted two nuclear tests last year. The ramped-up tests come as leader Kim Jong Un pushes for a nuclear and missile program that can deter what he calls US and South Korean hostility toward the North.
There have been widespread worries that the North will conduct an ICBM test that, when perfected, could in theory reach the US mainland. Washington would consider such a capability a major threat.
US national security adviser H.R. McMaster and his South Korean counterpart Kim Kwan-jin talked by phone after the missile firings. The two condemned the launches and agreed to boost cooperation to get the North to face more effective sanctions and pressure, according to South Korea’s presidential office.
Japanese officials said three missiles landed in the 200-nautical-mile offshore area where Tokyo has sovereign rights for exploring and exploiting resources. It’s the third time that North Korean missiles have fallen in Japan’s exclusive economic zone, beginning last August. Japanese leaders see the launches into nearby waters as a growing threat.
South Korea’s Joint Chiefs of Staff said in a statement that Monday’s launches were made from the Tongchang-ri area in North Phyongan province. The area is the home of the North’s Sohae rocket launch site where it has conducted prohibited long-range rocket launches in recent years.
US State Department spokesman Mark Toner said, “We remain prepared — and will continue to take steps to increase our readiness — to defend ourselves and our allies from attack, and are prepared to use the full range of capabilities at our disposal against this growing threat.”
Seoul and Washington call their military drills on the Korean Peninsula, which remains in a technical state of war because the 1950-53 Korean War ended with an armistice and not a peace treaty, defensive and routine.
The North hates the military drills, which run until late April and which analysts say force its impoverished military to respond with expensive deployments and drills of their own. An unidentified spokesman for the North’s General Staff of the Korean People’s Army said last week that Pyongyang’s reaction to the southern drills would be the toughest ever but didn’t elaborate
The United States has 28,500 troops stationed in South Korea, and 50,000 in Japan, as a deterrent against a potential aggression from the North.
North Korea fires 4 banned ballistic missiles into sea
North Korea fires 4 banned ballistic missiles into sea
Induction stoves fly off shelves in India as gas shortage fears spark panic buying
CHENNAI: Indian households are rushing to buy electric induction stoves, draining stocks online and in stores, amid fears of a potential cooking gas shortage tied to the Middle East conflict.
India, the world’s second-largest importer of liquefied petroleum gas (LPG), has invoked emergency powers to boost supplies for households even as availability tightens for commercial users including canteens, hostels and restaurants.
Meanwhile, consumers are buying electric cooking appliances as a precaution, with some households worried about refill delays and higher prices.
Checks by Reuters on Thursday showed several induction stove models were unavailable on Amazon, Walmart-backed Flipkart, Eternal’s Blinkit and Zepto, while some offline chains said fresh supplies were still days away.
Induction stove sales on Amazon India have jumped more than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.
Kitchen appliances maker TTK Prestige said demand for induction stoves had surged far beyond supply.
“There is a threefold surge (in demand),” CEO Venkatesh Vijayaraghavan told Reuters.
The company has raised its production capacity to 100 percent from about 70 percent before the start of the war, and increased staffing by roughly 15 percent. It also plans to raise prices of induction stoves in the June quarter to offset any higher costs.
Induction stoves accounted for about a tenth of TTK’s 25.30 billion rupees ($274.52 million) standalone revenue in 2024–25.
Online shopping platforms also showed models from Butterfly , Havells India and Bajaj Electricals marked as “currently unavailable.”
Google Trends showed search interest for induction stoves hit a record high on March 12, while some restaurant chains, including Wow Momo and California Burrito, said they were exploring induction stoves as a contingency plan.
Anand Rathi analyst Manish Valecha said large kitchen appliance makers with domestic assembly and strong distribution, including TTK Prestige, Butterfly and Stove Kraft, are best placed to benefit from the surge in induction cooktop demand. But reliance on imported components could pose supply risks if the spike persists, he added.
TTK Prestige will switch from sea shipments to airlifting components sourced from China and Southeast Asia, absorbing higher costs to ensure supplies if disruptions persist, Vijayaraghavan said.
The Middle East conflict has disrupted shipping through the Strait of Hormuz and the Gulf, raising costs and tightening oil and gas supplies from the Middle East.
On Thursday, the Suezmax tanker Shenlong reached Mumbai with Saudi crude, becoming the first crude carrier to arrive in India from the Middle East since the war between Iran and the United States and Israel erupted in late February, LSEG data showed.
India, the world’s second-largest importer of liquefied petroleum gas (LPG), has invoked emergency powers to boost supplies for households even as availability tightens for commercial users including canteens, hostels and restaurants.
Meanwhile, consumers are buying electric cooking appliances as a precaution, with some households worried about refill delays and higher prices.
Checks by Reuters on Thursday showed several induction stove models were unavailable on Amazon, Walmart-backed Flipkart, Eternal’s Blinkit and Zepto, while some offline chains said fresh supplies were still days away.
Induction stove sales on Amazon India have jumped more than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.
Kitchen appliances maker TTK Prestige said demand for induction stoves had surged far beyond supply.
“There is a threefold surge (in demand),” CEO Venkatesh Vijayaraghavan told Reuters.
The company has raised its production capacity to 100 percent from about 70 percent before the start of the war, and increased staffing by roughly 15 percent. It also plans to raise prices of induction stoves in the June quarter to offset any higher costs.
Induction stoves accounted for about a tenth of TTK’s 25.30 billion rupees ($274.52 million) standalone revenue in 2024–25.
Online shopping platforms also showed models from Butterfly , Havells India and Bajaj Electricals marked as “currently unavailable.”
Google Trends showed search interest for induction stoves hit a record high on March 12, while some restaurant chains, including Wow Momo and California Burrito, said they were exploring induction stoves as a contingency plan.
Anand Rathi analyst Manish Valecha said large kitchen appliance makers with domestic assembly and strong distribution, including TTK Prestige, Butterfly and Stove Kraft, are best placed to benefit from the surge in induction cooktop demand. But reliance on imported components could pose supply risks if the spike persists, he added.
TTK Prestige will switch from sea shipments to airlifting components sourced from China and Southeast Asia, absorbing higher costs to ensure supplies if disruptions persist, Vijayaraghavan said.
The Middle East conflict has disrupted shipping through the Strait of Hormuz and the Gulf, raising costs and tightening oil and gas supplies from the Middle East.
On Thursday, the Suezmax tanker Shenlong reached Mumbai with Saudi crude, becoming the first crude carrier to arrive in India from the Middle East since the war between Iran and the United States and Israel erupted in late February, LSEG data showed.
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