Nations clash over extending nuclear treaty at UN conference
US pressure stifled a unified Third World push against unconditional and indefinite renewal of the Nuclear Non-Proliferation Treaty. Delegates from non aligned states failed to rally behind a single alternative as discussions open, with many urging a limited extension linked to disarmament progress. Hamid Baidi, an Iranian UN diplomat, warns unlimited renewal normalizes nuclear weapons forever.
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U S wary of Japan plan to prop up dollar in Bali talks
Senior U S officials dismissed Japan's emergency package as far short of what is needed to reverse dollar weakness against the yen. They urged Asian nations to press Tokyo while Treasury Secretary Rubin prepares to meet Masayoshi Takemura amid disputes over market access and Japan's modest deregulatory steps.
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World currency fight over weak dollar fuels blame game
Japan and the United States clash on who bears more responsibility for the 16 percent drop in the dollar. Tokyo accuses Washington of deficit spending and inaction on cuts while ALS officials say the yen is too strong and Japan delays broader reforms.
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