1Prime Minister Sir Robert Muldoon has criticised today's moves on devaluation, saying they are wrong in principle and will impose a heavy cost on the economy, pushing inflation into double figures within the next year. Prime Minister Elect David Lange has unveiled an economic package removing controls on interest rates, freezing prices and professional fees for three months and reviewing government assistance to industry. All measures take effect immediately. A special computer package has been prepared to help predict what the economic changes are going to mean for individuals and families. Reaction from the business and financial sectors of the country has been mixed. A look at the forecast impact on the tourism industry.

2Australian Opposition leader Andrew Peacock says Australia should negotiate a separate defence agreement with the United States if the Australia, New Zealand, United States Security Treaty (ANZUS) is reduced to "a shell" by a New Zealand ban on visiting American nuclear warships.

3The ruling Socialist Party in France is to form a new Government after the resignation of Prime Minister Pierre Mauroy.

4In the United Kingdom, dockers and employers are now refusing to negotiate directly over the week-long dockers strike. The effects of the dispute are worsening rapidly.

5The Democratic Party Convention has entered its second day, with delegates anxious to avoid any show of disunity. The three candidates vying for the party's Presidential nomination have reaffirmed today that the campaign to oust President Ronald Reagan overrides any personal differences they may have.

6A Court-appointed Committee of Inspection has been established to investigate Hoffman Holdings Limited, which is alleged to owe money to dozens of people hoping to buy their first home.

7The National Party caucus will meet for the first time since the election tomorrow, with the question of Sir Robert Muldoon's continued leadership the main focus of discussion. Some MPs feel there has been a rush to judgement, and would prefer not to force Muldoon out of the leadership position straight away.

8A Labour MP's practical joke was reported on the front page of the Evening Post as fact this evening. Dr Michael Cullen released a fake Parliamentary press statement suggesting that Sir Robert Muldoon has conceded the leadership of the National Party to George Gair, which fooled no one in the press gallery except the Evening Post.