The severe storms that carved a path of destruction across large swaths of the American South this week caused an estimated $2 billion to $5 billion in insured losses, catastrophe modeling firm Eqecat said Friday.
Embassies from more than two dozen countries have either closed down or moved operations to cities south of Tokyo since the March 11 earthquake and the resulting nuclear crisis in northern Japan, the country's Foreign Ministry said Wednesday.
Once you get off the plane in Tokyo and past customs and immigration, the wreckage is everywhere to be seen -- on television, at least. In the arrivals hall of Narita airport, on a huge flat screen high definition television, I watched scenes of the extraordinary devastation from coastal towns and villages as I waited for my bus ticket. My ordinary little TV screen in Shanghai, where I live, didn't do it justice. The stunning images from NHK, Japan's national broadcaster, of the northeastern coastal towns completely destroyed by the tsunami that devastated them, had everyone's attention. People -- Japanese and foreigners alike -- were quiet, watching.
When I look back on the year 2010, I will remember spending so much of the year in disaster zones. Between Haiti and Pakistan alone, I spent months on the ground seeing firsthand the aftermath of an earthquake and floods.
Kobe Steel Ltd. ranks no. 461 on FORTUNE's Global 500 this year, with $14.7 billion in revenues, up 9.6% from the previous year. The Kobe, Japan-based company was ranked no. 462 on the 2005 list. Its 2005 profits were $0.7 billion, up 56.5% from a year earlier.
The Daiei, Inc. ranks no. 452 on FORTUNE's Global 500 this year, with $14.9 billion in revenues, down 12.3% from the previous year. The Kobe, Japan-based company was ranked no. 353 on the 2005 list. Its 2005 profits were $3.7 billion.
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In the wake of last month's tsunami disaster in the Indian Ocean, countries attending a United Nations conference on disaster reduction have agreed to pursue a plan aimed at reducing the risk posed by natural disasters.