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BRIEFS
EC unemployment remains static
BRUSSELS. Sept 23: Unemployment tn the Euro pe*n Community stood at 8.5 per cent tn July, unchanged from June, the EC Commission • statistics agency Euro stat reported Monday. In its monthly statement. Eurostat said the number of jobless tn the EC was 14 million tn July, compared with 13 million tn July 1991 and 12 million In July 1990. Unemployment stood at 8.9 per cent in July 1991, reports AP
Record surplus predicted for Japan
TOKYO. Sept 23: A government official predicted Mon day that Japan s politically sensitive global trade surplus will shatter the record this fiscal year, and he indicated Tokyo may hare to do more to stimulate Imports. Sozaburo Okamatsu. Director General of the International Trade Policy Bureau said his personal estimate" of this year's trade gap Is about 130 billion dollar which is in line with what private economists predict, reports AP.
Russia expects debt relief soon
WASHINGTON, Sept 23: Russian officials negotiating for relief from their 70 billion dollar debt burden said Monday they do not expect an agreement with thetr creditors until late next month. "A realistic date would be sometime tn the end of October," said Piotr Aven. Russian minister of foreign economic relations. He spoke with reporters after conferring for several days with officials of creditor nations gathered for the annual meeting of the International Monetary Fund and World Bank, reports AP.
Euro crisis bugs Spore rubber
SINGAPORE, Sept 23: Eu rope's currency crisis and a lack of consumer interest continued to bug the Singapore rubber market where prices tended easier with little trade transacted. Prices of all three contracts on the Ras commodity exchange opened unchanged and stayed unchanged at opening levels before tending easier tn later trading sessions. reports AFP.
Algeria to boost oil product by 25 pc ALGIERS. Algeria, Sept 23:
Algeria will x>ost its oil pro- I duction by 25 per cent in 1996 and again tn the year I 2000. Energy Minister Hacen Meftl said Tuesday. The Increase will be over the 800.000 barrels per day that Algeria currently produces under quotas set by the Organization of Petroleum Exporting Countries. Meftl said on Algerian radio, reports AP.
Talks on coffee make progress
LONDON. Sept 23: Negotla tors from coffee producing and consuming countries made some progress Tuesday at the International Coffee Organization toward drawing up a new price-stabilisation pact by defining the concept of universal quota. Costa Rican Vice-President Arnoldo Lopez, chairman of the 20-natlon working committee In which negotiations on the new pact are being concentrated, welcomed ft as an advance, reports AP.
US ignores Iraqi loan case
ATLANTA. Sept 23: Prosecutor Ignored evidence of a brood scheme to illegally loan Iraq 5.5 billion dollar because It old not fit their "absurd" theory that an Atlanta banker acted alone, attorneys charged Monday. In a motion to withdraw the guilty plea of Christopher Drogoul. attorneys charged anew that the US government and Italian bank Ing officials were aware of Drogoui's activities. US District Judge Marvin Shoob will decide Tuesday whether to accept the motion, reports AP.
India against UN role downplay
COLOMBO. Sept 23: India yesterday said It would not al low any attempts to downplay or blur the role of the proposed United Nations Commission on Sustainable Development. For the estab llshment of a strong and effective commission, equitable representation should be ensured by all the developing countries, the Environment .and Forests Minister. Kamal Nath told the fifth meeting of .the governing council of South
programme, reports PT1.