News and Current Affairs.
Main Stories:
At the Pacific Forum in Tonga Geoffrey Palmer has said he is not optimistic New Zealand’s relationship with Fiji will improve in the foreseeable future.
A public float of Air New Zealand shares is likely following the probably sale of 25% of the airline to Qantas. A report on the issues surrounding the part-privatisation. Speakers: David Lange (Prime Minister), Charles Spain (President, Travel Agents Association NZ), John Stackhouse (Australian Aviation Commentator).
An internal Police inquiry has cleared senior Auckland detectives of suggestions they may have leaked information on GST fraud cases to the news media. Speaker: Chief Supt Brion Duncan (Auckland Police).
Other Stories:
In Christchurch tonight Colin Moyle has told a meeting of meat industry representatives that the worst of the bad times in agriculture are over. Speakers: Colin Moyle (Agriculture Minister), Sir David Beattie (Meat Industry Chairman).
The Institute of Company Directors say that a growing number of executives are trying to avoid paying for shares that were obtained as cheap perks before the share market crash but have become a potential liability. Speaker: John Delamare (Minority Shareholder).
An order to liquidate the Landbase contributory mortgage group was granted in the High Court this afternoon after more evidence of the company’s desperate financial position was heard.
Another property and investment company fell into receivership today. Prime West is the latest to go under after posting a $12 million loss to the end of March. Meanwhile on the share market the Barclays Index finished down 24 points today.
The Australian cricket team has suffered a crushing defeat in Karachi and is now threatening to fly home claiming a conspiracy against them.
A former Australian asbestos miner has won an historic damages award for an industrial accident after the Victorian Supreme Court upheld an earlier jury decision.
A Pulitzer Prize winning journalist claims the deposed leader of the Philippines, Ferdinand Marcos, twice used his wife as a sexual lure to win favours with Libya’s Colonel Gaddafi.
In Burma troops have fired without warning on demonstrators ignoring a military curfew.
Drama at the Olympic Yachting venue took place above rather than on the water today. A helicopter filming the racing plummeted 300 metres into the sea after developing engine problems.
Israel joined the international space club today successfully sending its first satellite into space and was immediately accused of launching a Middle East arms race along with it.
Poland's Prime Minister has resigned.
Authorities in Mexico say the final death toll from Hurricane Gilbert may never be known.