Hopes Rise in Japan As Engineers Restore Power Cables to Damaged Plant

Could there at last be a flicker of good news from Japan? On Saturday, Japanese officials announced that last-ditch efforts to stabilize the crippled Fukushima Daiichi nuclear power plant that was damaged by the March 11 earthquake and tsunami might be achieving a modicum of success.

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Bank sees Asia leading global recovery

Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank. In a dramatic contrast to its view in March, when it slashed 2009 growth forecasts for Asia excluding Japan from 7.2 per cent to 3.4 per cent, the ADB on Tuesday said the region would grow more strongly than expected both this year and in 2010.

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Three Months From a Climate Summit, Agreement Far Off

If you happened on Friday morning to walk into the Temple of Earth in Beijing — the nearly 500-year-old monument where Chinese emperors once prayed for good harvests — you would have noticed a steady drip. The environmental group Greenpeace placed ice sculptures of 100 children — made of the glacial meltwater that feeds China’s great rivers — inside the temple, to symbolize the risk that climate change and disappearing ice poses to the more than 1 billion people in Asia threatened by water shortages.

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