North Korea agrees to four nation talks on Korean peace in Geneva
The United States China North Korea and South Korea agreed to a four way conference in Geneva starting December 9 to pursue a lasting peace on the Korean peninsula. North Korea dropped demands for U.S. troop removal and a separate peace treaty but seeks to raise issues in Geneva.
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South Korea seeks IMF bailout to stabilize crisis hit economy
South Korea asks the IMF for a 20 billion dollar bailout and a contingency line of credit amid a series of corporate bankruptcies that have eroded foreign confidence. IMF chief Camdessus vows full support as Seoul faces painful policy conditions.
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Polish court acquits riot police in miners deaths
In Katowice the court acquitted 22 riot police of killing nine miners during the 1981 crackdown. The ruling, eight years after the regime change, sparked cries of outrage from Solidarity leaders and relatives, who said evidence failed to prove guilt. Prosecutors had sought eight to 15 year prison terms.
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Nations strike accord to ban foreign bribery
The OECD nations plus Argentina Brazil Bulgaria Chile and the Slovak Republic reached a landmark convention banning bribes to foreign officials. Commerce Secretary William Daley called it a major victory saying it levels the playing field for U S companies seeking contracts from foreign governments and state owned businesses.
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