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Samsung Electronics announces plans to spin off its LCD business. (Reuters) The Thai economy shrinks by 7 percent (%) during the last quarter as a result of the floods. Japan's balance of trade deficit reaches a record high due to the strong value of the Japanese yen and higher fuel costs following the Fukushima Daiichi nuclear disaster. (BBC) Disastersouhbybyvtvvycrtesaesyvinkm Narendra Modi, the Chief Minister of the Indian state of Gujarat orders an inquiry into death of six people at a stampede at the Bhavnath Hindu temple in the Junagadh district over the weekend. (NDTV) International relations International Atomic Energy Agency nuclear inspectors arrive in Tehran to hold discussions about Iran's nuclear program. (Deutsche Welle) Politics and elections