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BRIEFS
Azerbaijan now IMF member
WASHINGTON. Sept 19 Azerbaijan was admitted Friday to the International Monetary Fund. The former I Soviet republic become* the 170th member of the inter national agency. with a quota of 70 miHton special drawing rights worth 113 million dollar, the Fund said, reports AFP
400 million may get jobs by 2000
WASHINGTON. Sept 19: About 400 million new work era are expected to enter the worlds labour force this decade and prospects of And Ing Jobs for all of them are gloomy an international labour expert said Friday. Juhani Lonnroth. Finnish Director of the International Labour Organisation s em pfoyment department, said in a speech that the population of working age tn the world will grow by 700 million people In the 1990*. reports
Interest rates hit Swedish economy STOCKHOLM. Sept 19:
Mortgage companies turned away new customers Friday and banks said they had no borrowers for short-term loans at the SOO per cent interest rates set by the central bank to support the Swedish currency. Rlksbank Gov Bengt Dennis said he hoped on Monday to lower the record high rate the central bank has been charging commercial bank* for shortterm loans since Wednesday. Conservative Prime Minister Carl Bildt has been meeting for two days with Ingvar Carlsson, leader of the main opposition Social Democrats, to arrange an economic plan that wbuld get through Parliament and restore confidence In the economy, reports AP.
Argentina may privatise oil co
BUENOS AIRES, Sept 19: President Carlos Menem said he may privatise the state oil company YPF by decree if Congress continues to refuse even to review the issue. Legislators failed to reach a quorum on a second try Thursday. "Were going to study the possibility of a de cree because we can't paralyze the country by this kind of attitude.' Menem told reporters tn comments published by newspapers Friday. The ruling Peronist Party has a working majority in the lower house of congress, but some Peronists oppose the privatisation, as do leftist groups and the Ctvlc Radical Union, Argentina's second biggest party, reports AP.
Namibia's diamond mine-workers strike
WINDHOEK (Namibia).
Sept 19: A strike by 4.000 workers halted operations Friday at Consolidated Diamond Mines, the nation's second-largest employer. The strike over pay began at midnight and shut down all three of the company's mines, a company statement said, ft is the nation s first major work stoppage since Namibia gained Independence from South Africa In March 1990 Top government officials, including Prime Minister Hage Oelngob. tried to Intervene to prevent a strike, reports AP.
US House approves Hurricane aid bill
WASHINGTON, Sept 19: The House rushed an 1 1 billion dollar relief measure to the Senate Friday bearing aid for victims of Hurricane Andrew and InIki and Typhoon Omar. Frankly, this is only the beginning of what will be needed to bring thou sands upon thousand* of peoples' live* back to their natural order,* said Rep Lawrence Smith, shortly be fore the House approved the bill on a voice vote. Senate passage was expected, and President Bush was expected to sign the legislation quickly. reports AP
GATT to discuss Taiwans’s application
TAEPEI, Sept 19 The General Agreement on Tariffs and Trade has decided to discuss Taiwan's application for mem bership after shelving the issue for two years under pressure from China, an official said Saturday, reports AP
Vice Economics Minister Chiang Ping-kun said the Geneva based trade organize tion announced Friday that Taiwan's application will be discussed at a council session beginning Sept 29
Taiwan applied In January 1990 to Joint the 104 member organization, which oversees trade-liberalzing agreements. China which considers Taiwan
V breakaway prevlnce.