TSUNAMI

Japan, which is grappling with the impact of March 11 earthquake and the resultant tsunami, may be pushed towards a recession, an expert told IBTimes.

With the staging of the world's most important watch and jewelry show, Baselworld, in Switzerland starting today, many horology enthusiasts and analysts speculate a somber mood during the event, eliciting fears of declining sales for the Swiss watch industry.

As the world closely watches the latest developments at the crippled Fukushima nuclear power plant in earthquake-torn Japan, work to prevent meltdown resumes, workers are hospitalized after radiation exposure, while IAEA said serious concerns remain.

Steam was seen rising from Japan's troubled Fukushima Daiichi plant early Thursday as workers continue to battle a potential nuclear meltdown following last week's devastating earthquake and tsunami.

Germany could be the first industrialized nation to abandon nuclear power for good.

New York Gov. Andrew Cuomo says U.S. nuclear regulators have agreed to make the Indian Point power plant their top priority as they review seismic risks in some of the nation's nuclear plants.

Here is the latest update on the situation at the troubled Fukushima Daiichi nuclear reactor in northeastern Japan from the International Atomic Energy Agency (IAEA)

The parents of Taylor Anderson – the woman who is believed to be the first confirmed American victim of the massive earthquake/tsunami disaster in Japan – plan to help the people living in the region where Taylor died.

At least three brokerages have cut the profit forecasts of Adobe Systems (NASDAQ: ADBE), a day after the software company reduced its second quarter outlook by $50 million.

TMZ is reporting that Blink 182's Mark Hoppus is auctioning off another hand written lyric sheet.

RBC Capital Markets said the ultimate low in the U.S. equity markets might not have been reached, but a bottoming process has probably started. The brokerage said most of the technical indicators suggest that an intermediate-term low is near. Readings from sentiment, positioning and internal momentum indicators reveal much more damage under the hood than at the index level.

Following is the update from Tokyo Electric Power Co (TEPCO) on Fukushima Daini nuclear power plant.

Japan's government has said that the cost of March 11 earthquake, tsunami and nuclear radiation woes, which have devastated the country, could reach $309 billion.

The following is the IAEA update on Fukushima nuclear power plant in earthquake-torn Japan, dated March 23.

A slew of celebrities are coming together to create a digital-only compilation album to raise money for earthquake and tsunami relief efforts in Japan.

The official death toll from Japan’s epic earthquake-tsunami catastrophe has now surpassed 22,000 (including people who are listed as missing), according to the National Police Agency.

Summary of Conditions at Fukushima Daiichi Nuclear Power Plant from the International Atomic Energy Agency (IAEA)

The average transaction prices for key fuel-efficient Japanese imported cars in the United States are starting to creep up in the wake of the quake and tsunami in Japan that caused supply disruptions, according to an analyst.

Babcock & Wilcox said it is in discussions with Toshiba Group to provide nuclear technical assistance and services to secure and maintain the safety of the nuclear power plants at Fukushima Daiichi in Japan.

Japanese carrier NTT Communications said on March 22 it is steadily restoring communications services, although some still remain disrupted.

Sony Corp. has suspended production at more Japanese plants after a massive earthquake on March 11 has made it difficult for the plants to get raw materials and components.