The Japanese government has raised the severity of the crisis at the Fukushima Dai-Ichi nuclear plant to 7, a rating only previously applied following the 1986 Chernobyl disaster.
Previously, the damage to reactors at the plant, 137 miles north of Tokyo, has been rated at level 5 on the scale, putting it on a par with the Three Mile Island accident in the United States in 1979. MORE... More than £1bn was added to the stock market value of three major banks after the independent commission on banking stepped back from endorsing some of the more radical options designed to ensure taxpayers will never again have to bail out the financial system. MORE...
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