New Zealand's central bank has cut the cost of borrowing to try to reduce the economic impact of the earthquake in Christchurch, the country's second largest city. The Reserve Bank of New Zealand cut the key interest rate 0.5 points to 2.5%.
About 70,000 people, or 20% of the population, have fled Christchurch, New Zealand's second-largest city, since last week's devastating earthquake, Mayor Bob Parker said Friday.
One of the world's biggest re-insurers Swiss Re described the New Zealand earthquake as a ''significant event'' for the global insurance industry, as it warned insurance losses from the disaster could top 12 billion US dollars.
The Prime Minister of New Zealand, John Key, says emergency teams in Christchurch are now focusing on recovering bodies, rather than finding survivors of the earthquake.
He has confirmed that 98 people are known to have been killed in the recent earthquake, and more than 200 others are still missing.
More than 100 people are believed to be trapped in rubble after a deadly 6.3-magnitude earthquake rocked the southern New Zealand city of Christchurch on Tuesday, killing at least 65 people.
Rescuers dug frantically for bodies and people trapped after a major 6.3 earthquake caused “multiple” deaths in New Zealand's second city of Christchurch Tuesday, crushing buildings and vehicles.
Chile achieved a record year for exports in 2010, according to a report by ProChile. Exports in 2010 were valued to be 69.6 billion US dollars, up nearly 30% from the 2009 figure, 53.7 billion USD.
Chile’s Planning Minister Felipe Kast and Housing Minister Magdalena Matte met yesterday at Cerro Navia to announce the results of Chile’s Post Earthquake Survey (EPT). The survey’s aim was to measure the social impact of the February. 27, 2010, 8.8-magnitude earthquake on poverty, property, and psychological well-being in Chile.
The Member States of the Union of South American Nations (UNASUR) wish to express their continued support to the Government and people of Haiti in the extremely difficult circumstances that have prevailed since the devastation caused by the fateful earthquake that struck the country on January 12, 2010.One year later, we join with the people of Haiti and the world over in remembering the victims of that tragedy.
The torrential rainfall that Brazil has been experiencing for the past week has had an even bigger impact on the population than that of the earthquake Chile experienced in 2010, said a member of the military who had worked in Chile and now runs a makeshift hospital where victims of the worst natural disaster that Brazil has experienced are being treated.