New Zealand is failing to slow the spread of a bacterial disease that threatens the survival of its kiwifruit industry and could cost the economy as much as NZ$200 million ($153 million) this year.
Concerns that New Zealand’s North Island may fall further into drought have eased after significant rainfall in the last month, the government said.
Standard & Poor’s effort to have the U.S. Justice Department’s fraud lawsuit over credit ratings on mortgage-backed securities thrown out was tentatively rejected by a federal judge.
"Everything sells really, really well down here."
- David Carter on Jul 22, 2014