by Charles Lemos, Tue Apr 12, 2011 at 12:37:27 PM EDT
News from around the globe impacting your world.
Japan Raises Nuclear Crisis to Highest Level. Japan raised the crisis level at its crippled nuclear plant Tuesday to a severity on par with the 1986 Chernobyl disaster, citing high overall radiation leaks that have contaminated the air, tap water, vegetables and seawater. More on this story from the Mainichi Daily News and from the BBC.
In related news, Japan's Economic minister says the damage to the country's economy from last month's earthquake and tsunami is worse than first thought. Economic minister Kaoru Yosano said the blow to the Japanese economy is "larger than our original expectations" which were originally estimated at $295 billion dollars. The International Monetary Fund has lowered its 2011 economic growth forecast for Japan, the world's third biggest economy, from 1.6 percent to 1.4 percent. But one economic research company (Capital Economics) says Japan's economy may shrink by 1.5 percent this year. The Voice of America has a full report on the economic impact while Germany's Der Spiegel files a story comparing the northeast of Japan to the Roman ruins of Pompei.
The Libyan Conflict. The rebel held Libyan city of Misurata has come under heavy fire hours after Gaddafi said he would agree to a ceasefire. Meanwhile, Alain Juppé, the French Foreign Minister, says alliance should be doing more to take out heavy weaponry targeting civilians in Misurata. More from Al Jazeera.
Côte d'Ivoire President Urges Reconciliation. In a television address to the nation, President Alassane Ouattara calls on fighters in the Côte d'Ivoire to lay down their arms and promises dignified treatment for Laurent Gbagbo now in custody. The story in The Guardian.
Hosni Mubarak Hospitalized. Former Egyptian President currently under house arrest at his resort home at Sharm el-Sheikh on the Sinai Peninsula has been hospitalized. No details yet as to the cause. Mubarak is 82. Meanwhile, Egypt's Prime Minister Essam Sharaf on Tuesday said that legal steps were underway to probe veracity of charges of corruption and excesses against the deposed leader. The Times of India files a report.
Inflation in the UK Drops Unexpectedly. The Bank of England reported that Consumer Prices Index (CPI) rate of inflation in the United Kingdom was 4 percent in March, down from 4.4 percent in February. The figures came as the British Retail Consortium (BRC) revealed the biggest sales drop in its 16-year history, with total sales in March dropping 1.9% on a year ago. The full story from The Independent.