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News and Current Affairs.
Main Stories:
Fletcher Challenge has purchased Petrocorp for $800 million after the previous deal with British Gas fell through.
Richard Harman examines Fletcher’s long time interest in the energy market. Speaker: Ron Trotter (Chairman, Challenge Corporation).
Questions still remain about why the Government’s original deal with British Gas collapsed. A discussion of the points believed to be at issue. Speaker: Geoff Datson (Business Consultant).
There has been speculation there was a political motivation to the abrupt ending to the British Gas negotiations. Though there was consensus in the Labour caucus it should go ahead, no one in the party seemed happy about the deal. Richard Prebble is interviewed. Speakers: Richard Prebble (Minister of State Owned Enterprises).
South African born athlete Zola Budd, who now competes for Britain, states her case for competing in the world cross country championships in Auckland. Speaker: Zola Budd (British Athlete).
Other Stories:
Just 48 hours after it canned the British Gas deal the Government announced it has sold Petrocorp to New Zealand’s biggest company Fletcher Challenge. Speaker: Richard Prebble (Minister of State Owned Enterprises), Hugh Fletcher (CEO, Fletcher Challenge), Jim Bolger (Opposition Leader).
There was a confident mood on the share market with the Barclays Index posting its highest one day rise this year, up 69 points.
Qantas and Air New Zealand have agreed to share landing rights in a new aviation agreement.
President Reagan is sending Secretary of State George Shultz back to the Middle East to try once more to achieve a peace settlement.
The Iran-Iraq War escalated today with Iraq making its first long range missile attack on Iran’s holy city of Qom, while Iran says its missiles struck the Iraqi capital Baghdad.
NATO leaders meeting in Brussels have warned the Soviet Union that its quest for arms reduction will not result in a nuclear free Europe.
New Zealand got off to a slow start to the third cricket test against England in Wellington.
Worldwatch:
NATO leaders have met in Brussels and have doubts about how the West would cope with a Soviet invasion. Speakers: General John Galvin (NATO Supreme Commander), Paul Beaver (Jane’s Defense Weekly), Benjamin Schemmer (Armed Forces Journal).
Reports on the role of the media in trouble spots (South Africa, Israel, Panama) where journalists are increasingly being told what to report and media crews are under fire. Speakers: Dr Stoffel Van Der Merwe (South African Deputy Minister of Information), Anton Haber (Editor Weekly Mail), Ariel Sharon (Israeli Industry Minister), Amos Michaeli (News Cameraman), Ivan Zuniga (Owner Radio Mundial Panama).
A report on the proposed privatisation of the United States Postal Service. Speakers: James Miller (Budget Director), Michael Coughlin (Deputy Postmaster General), Rep Frank Horton (Post Office Committee).
Reforms are also proposed for the West German health system. Speakers: Prof Rainer Dusing (Bonn University Clinic), Ernst Gerhard Erdmann (Employers’ Federation), Paul Nelles (Health Ministry, North Rhine-Westfalia).