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BRIEFS
Senate okays $1OM> for Andrew victims
WASHINGTON. Sept 16: Rushing to keep up with Mother Nature, the Senate overwhelmingly approved 10.9 billion dollar in disaster aid on Tuesday to help Hawaii rebuild from iurrtcane Inlkl and assist Hurricane Andrew a victims tn Florida and louslana Senators approved the measure on a 84 10 vote. House of Represents ttves and Senate negotiators will now try to write a com promise bill, which Senate Appropriations Committee Chairman Robert Byrd said could be done as early as this week. ‘Kauai is a acene of | unimaginable devastation.' said Sen JBaniel Akaka of Hawaii. , referring to a weekend trip he made to the island that bore ( the brunt of the Inlki's de- . struetton. "Whenever you see a । Coconut ifee and its leaves ( stripped, you know that its winds were strong.' reports * 1
Japan protests lease < of Kuril island
TOKYO. Sept 16. Japan has 1 lodged a formal protest with * Russia for signing a lease with 1 a Hong Kong firm on land that ' has been the focus of a bitter ‘ territorial dispute, a Foreign Ministry official said Wednes- ' day The official said Japan has ' confirmed Russian reports that the local government of the Kuril island chain granted a , lease on 278 hectares (687 acres) of Shikotan Island to Carlson and Kaplan, a Hong Kong firm. The island, about 50 kilometres (30 miles) off; Japan s main northern Island of Hokkaido, is part of a group of islands at the southern end of the Kuril chain that the Soviet Union seized after Japan's defeat In World War II. reports AP.
CIA unaware of
Rome loans to Iraq ATLANTA. Sept 16: A fed eral investigator said Tuesday the Central Intelligence Agency (CIA) was unaware that th® focal branch of an Italian bank made secret loans to Iraq that funded its military buildup. Arthur Wade, an investigator for the US department of agriculture, told a fed ■ eral judge that his office un covered the scheme by Atlanta officials of the Banca Naztonalc del Lavoro (BNL). He was test! fylng at a sentencing hearing for Christopher Drogoul. formerly a manager at the BNL Atlanta branch, who pleaded guilty to 60 counts of bank fraud tn June in connection with a plan to lend 5.5 billion dollar to Iraq, reports AFP.
Economic blockade in Bihar begins
RANCHI, Sept 15: The 15 day economic blockade jointly sponsored by the Jharkhand People's Party (JPP) and the all Jharkhand Students Union (AJSU) began today In Bihar's | tribal areas. The blockade, launched with the motive of stalling production, loading and despatch of minerals forest products and coal from the region, was reported to be peaceful so far Reports available at the divisional headquar ters here said that production during the first shift tn most colierues of the Central Coalfields Limited (CCL) and Bharat Coking Coalfields Limited (BCCL) remained unaffected, says PH
Kuwait to guarantee bank deposits
KUWAIT. Sept 16: Kuwait's Finance Minister Nasser Abdulla al Rodhan. responding to public concern over recent bank losses, has said the government would guarantee all deposits with local banks The official Kuwait News Agency (KUNA) late yesterday him as saying the Kuwlll government abides by guaranteeing all de posits kept with all local banks, reports Reuter
G-7 satisfied with dollar price LONDON. Sept 16: G 7 finance ministers, who meet In Washington next Saturday, will be satisfied with the US dollar at around 1 50 marks, a senior G-7 monetary source said to day When the dollar was Under J.40 (marks), al) countries were agreed it was under val ued but once you get above 1.50. that degree of agree meal would fray." the source said, reports Reuter
Pound, stocks slip back in London
LONDON. Sept 16: The pound and the stock market slipped back in London only a day after the euphoria of Gcr-many s interest rate cut faded Faith in the British economy was low. with more gloomy news on unemployment, public borrowing and retail sales ex peeled later In the week.