Europeans Press Japan to Curb Auto Exports to World Market
European Commission officials seek comparable Japanese export restraint after Tokyo agreed to limit U S shipments. They warn rising Japanese auto imports threaten a growing EU trade deficit, with Belgium and France pushing hard for curbs while Canada also considers action.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Europe
America
European Commission
European Community
Common Market
Commission
United States
U.S
Rokusuke Tanaka
Brussels
Canada
Belgium
France
Italy
Bermuda faces tourism crisis as strikes cripple island
Planeloads of American tourists fly out while Bermuda’s government and black labor movement dig in for a possible showdown. More than a dozen major hotels may close by midweek as 5,000 island workers strike. occupancy falls below 50 percent. Premier David Gibbons calls up a 220-man Bermuda Regiment to guard against violence amid fears of a repeat of 1977 rioting.
MENTIONED IN THIS ARTICLE
Hamilton
Bermuda
Atlantic
North Carolina
Lyndon Clay
Bermuda Hotel Association
Manhattan
David Gibbons
The
Bermuda Regiment
United Armuda Party
Arab oil exporters urge policy coordination over glut
The Organization of Arab Petroleum Exporting Countries warns that a world oil glut could trigger injurious price competition among its nine members and deplete Arab reserves. OAPEC calls for coordinated production and pricing, noting that prices have fallen toward $35 a barrel amid stockpiles while OPEC allowed a price rise to $41. Mexico cuts heavy crude by $2.50, signaling weaker spot prices.
MENTIONED IN THIS ARTICLE
Organization of Arab Petroleum Exporting Countries
OAPEC
Saudi Arabia
Kuwait
United Arab Emirates
Qatar
Iraq
Bahrain
Libya
Algeria
Syria
Organization of Petroleum Exporting Countries
OPEC
United States
International Energy Agency
Mexico
Capec
Former energy chief predicts $10 gas by 2000
Frank G. Zarb, former Federal Energy Administrator under Nixon and Ford, told a Senate subcommittee that oil shortages will recur and gas could reach $10 a gallon by 2000. He urged a one cent per gallon tax to fund rapid stockpiling of strategic oil reserves, saying the next disruption will come from terrorists affecting Middle East production.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Ford
Frank G. Zarb
Senate
United States
Zarb
New York
Mideast
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Jcpenney Housewares Department
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Cail
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Radio Shack
Moms &Grads Gift Idea
FCC
MasterCard
Fine Tunes
TM Dolby Laboratories, Inc
Tandy Corporation
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