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Snippets
Blanket ban on tobacco ads
STRASBOURG, May 16 : The European Commission on Wednesday proposed a blanket ban on tobacco advertising across the 12 nations of the European Community from the start of 1993. reports Reuter.
The ambitious plan would stop all publicity for cigarettes on television and billboards, in newspapers and cinemas and also bar firms from advertising through sales of lighters, bandanas and other goods carrying their logos.
"Some 444,000 people in the European Community (EC) die of cancer caused by tobacco each year.Vasso Papandreou, the EC's health policy commissioner told a news Conference.
Copyright protection for computer programmes
BRUSSELS, May 16 : The European Community (EC) has finalised standard copyright protection for computer programmes to overcome "vast il-legtil piracy". EC's Executive Commission said here Wednesday, reports AFP.
A commission spokesman said EC foreign ministers had on Tuesday approved standard re gulatlons which should be in effect by 1993, as soon as they liad been taken up in the law the community's 12 mem-
Industrial output in Italy foils
ROME, May 16 : Industrial *butput in Italy fell by 6.6 per cent In March compared with the level in March 1990, the national statistical institute said here on Wednesday, reports AFP.
The sharp downturn was expected to strengthen demands by industrialists for the government to boost the economy.
A budget austerity programme. approved by the government on Saturday and which led to a one-point cut in the discount rate on Sunday, was greeted with skepticism by most industrial leaders.
Saudi banks see profits
RJYADH. May 16 : Saudi Ara bia's seven foreign joint venture banks see a year of so'.id earnings, building on first quarter results which showed a performance remarkably unaffected by the Gulf crisis, reports Reuter.
Bankers say domestic business is shaking off bad memo ries of Iraq's invasion of Kuwait, bank liquidity is high, and lending opportunities abound.
"It’s fair to say we are a bit surprised with the situation." said the managing director of one of the banks.
PIA domestic fores likely to rise
ISLAMABAD, May 16 : The government is considering a 20 per cent hike in domestic fares on Pakistan International Airlines (PIA) in the next financial year, a Federal Minister said recently, reports AFP.
The last fare increase on domestic routes, by 10 per cent, was in November 1989.
Minister for Food and Agriculture Majid Malik told the national assembly that PIA had suffered a loss of 427 million rupees (about 18 million dollars) during the period from July. 1990 to March. 1991 due to the Gulf war.