It was another sad day in Japan as the Tokyo Electric Power Company has acknowledged that the company has reportedly suffered from 1.25tn yen roughly equivalent to $15B for the past year. Apart from that, the president of Tepco, Mastaka Shimizu, the one responsible for operating the Fukushima nuclear power plant also resigned from his [...]
An earthquake that tipped the scales at a magnitude of 5.9 has caused the lives of two people in Turkey particularly in Kutahya province. Accordingly, the quake struck a few moments before midnight local time. Its epicenter was reportedly focused on the town of Simav in Kutahya. With the incident, people began running through the [...]
The effects of the March 11th earthquake and Tsunami in Japan exceeded expectations with the gross domestic product (GDP) declining, for the second consecutive quarter, by.9 percent, compared to the prior quarter. The drop in GDP is attributed to a decrease in business investment, consumer spending, and inventory in the private sector. On an annually [...]
A strong earthquake followed by strong aftershocks shook the southeastern island of Sulawesi in Indonesia on Monday, reports reveal. According to officials, the earthquake which was rated 6.2 by the US Geological Survey caused panic but no reports of casualties are yet to come from the country. The first quake happened just after 6 a.m [...]
An earthquake of magnitude 6.2 on Richter scale jolted the Indonesian island of Sulawesi on Monday at 23:07 UTC, reported the U.S. Geological Survey on its website. According to seismologists, the epicenter of earthquake was 103 kilometers northeast of the city of Baubau at a depth of 9.4 kilometers. So far, no casualties, major destruction [...]
The Government of Japan may raise sales tax by 3% to 8% for three years starting next fiscal for financing the reconstruction work after the devastating earthquake and Tsunami last month. The tax increase will increase the state revenues to 7.5 trillion yen (91 billion dollars) a year, reports Reuters referring to newspaper Yomiuri. Only [...]
A model developed by researchers at the International Pacific Research Center forecast that debris comprised of pieces of houses, cars and other objects destroyed and washed away by the massive tsunami in Japan on March 11th, will start to wash up on the shores of Northwestern Hawaiian Islands’ Marine National monument in a about year, [...]
A magnitude 7.1 aftershock struck Japan late Thursday in what is reported to be the biggest aftershock the country has experience since the earthquake dubbed as the rare Big One hit the Asian nation early in March. According to reports, two people have been killed in the latest aftershock which also disrupted power supply to [...]
After the earthquake, tsunami and nuclear plant reactor problems, another problem was encountered by Japanese officials as a leakage of highly radioactive water into the Pacific Ocean was confirmed by international and national authorities. However, the said leak from the Fukushima Daiichi plant in Japan has already been controlled and stopped. According to reports, the [...]
A tsunami warning was issued in Indonesia on Monday after a 6.7 magnitude earthquake struck south of the Javanese coast. Officials said the huge earthquake might cause a massive wave and asked those who received their warning via a public SMS to advise others of the danger. The tsunami warning was cancelled later. [...]
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