A magnitude 7.0 earthquake struck New Zealand’s South Island, knocking out power, damaging roads and ripping facades off buildings in Christchurch, the country’s second-largest city.
The Medicines Patent Pool and Bristol-Myers Squibb Co. signed an agreement that will increase access to Atazanavir, a drug to treat AIDS, in 110 developing nations.
New Zealand’s Labour Party will give the central bank an alternative tool for controlling inflation if it wins this year’s election, in what it says would be a world first.
New Zealand police are planning to search media organizations in response to Prime Minister John Key’s complaint that a private conversation was secretly taped ahead of national elections later this month.
New Zealand central bank Governor Graeme Wheeler said he sees no opportunity at the moment to intervene in the currency market to counter a “very strong” exchange rate.
An earthquake with a revised magnitude of 7.2 struck New Zealand’s South Island about 4:30 a.m. local time this morning, the U.S. Geological Survey said on its website.