Natural disasters, such as Japan's earthquake and floods in Australia and Thailand, cost the global economy a record $370 billion in 2011, with losses for the insurance industry the second largest

The lives of half a million children in the Horn of Africa are at risk, international aid agencies said on Friday, as the worst drought in decades forces thousands of people to flee their homes each day.

High food prices and the driest years since the early 1950s have pushed many poor families in Kenya, Somalia, Ethiopia and Djibouti into desperate need, UNICEF said.

"We have over two millio

The Swiss government decided on Wednesday to phase out nuclear power by 2034 after the Japan disaster shook public confidence in the industry, but said it will not shut any existing power plants prematurely.

The Swiss government suspended the approvals process for three new nuclear power stations in March pending a review into safety after the disaster at Japan's Fukushima plant.

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