A disaster of unimaginable scale looms over Japan as its government is warning that the next ‘megaquake’ could kill as many as 300,000 people. Such a seismic monster – which could trigger a tsunami powerful enough to obliterate entire coastal regions off the Pacific coast – has been feared for a long time.

South Korea's financial market watchdog said on Tuesday that Hanwha Aerospace needed to better explain how a proposed 3.6 trillion won ($2.46 billion) equity raising fits with a broader plan to restructure the company.

A “megaquake” and the resulting tsunami could cause 298,000 deaths in Japan and damages worth up to $2 trillion, according to a new government estimate quoted by AFP on Monday.The updated figures revise a 2014 estimate that assessed the potential impact of a massive earthquake along the Nankai Trough,