South Korea seeks relief with emergency loan plan
South Korea's central bank announced about 6.5 billion in emergency loans to domestic banks to stabilize its paralyzed financial system. The move, along with currency market intervention, failed to restore investor confidence as the Korea Stock Price Index fell 7.1 percent to a decade low and Doungsuh Securities collapsed. Investor concern over next week's presidential election and policy directions undermined both government and IMF efforts to restore confidence.
MENTIONED IN THIS ARTICLE
South Korea
Doungsuh Securities Co
IMF
Fire at Heathrow Burger King shuts down terminals
A smoky blaze above a deep fat fryer in a closed Burger King at London's Heathrow Terminal caused a major air travel disruption across Western Europe. The fire closed three of four terminals, delaying or canceling flights for over 50,000 airline passengers and triggering massive road gridlock near the airport. No injuries were reported.
MENTIONED IN THIS ARTICLE
Heathrow
Burger King
Europe
London
Germany probes neo Nazi speech at military academy
A convicted neo Nazi, Manfred Roeder, gave a January 1995 address at the Hamburg officers school prompting a parliamentary inquiry. The incident strains Defense Minister Volker Ruehe and rekindles opposition calls for his resignation. Roeder, 68, was jailed for 1982 terror attacks killing two foreigners. Der Spiegel later reported the event.
MENTIONED IN THIS ARTICLE
Manfred Roeder
Hamburg
Volker Ruehe
Roeder
Germany
der Spiegel
Bethlehem Christians skewed by turmoil and emigration
In Bethlehem, Christian residents shrink to under 2 percent of the popu lation as decades of conflict and economic strife drive emigration to the Americas. Local Christians report rising disorder during Ramadan and Christmas, limited public festivities, and doubts about a return of emigrants despite outreach efforts by Zoughbi Zoughbi and promises from the Palestinian Authority. The Israeli closure and restricted movement dampen business and deter investment in the city famed as Jesus birthplace.
MENTIONED IN THIS ARTICLE
Bethlehem
West Bank
Diana Saman
Manger Square
Ranna Najjar
Israel
North
South America
Gaza Strip
Zoughbi Zoughbi
Palestinian Authority
Rose
Riyad Ibrahim
Jesus
Zoughbi
United States
Jerusalem
P Prine
U S presses Congo to open democracy reform
U S Secretary of State Madeleine Albright urged Congo's new president Laurent Kabila to end three decades of corruption and open the political system. Kabila, after initial cooperation, asserted the right to jail opponents for incitement and quipped Vive la democratie, signaling the challenges ahead for U S aims to shape his regime.
MENTIONED IN THIS ARTICLE
Kinshasa
Congo
United States
Africa
U.S
Madeleine Albright
Laurent Kabila
Albright
la Democratie
Kabila
Washington Guide
EU opens talks with potential new members
EU leaders backed swift membership talks for six nations while inviting Lithuania Latvia Slovakia Romania and Bulgaria to preliminary discussions. Turkey faced renewed human rights criticism and Turkish threats to pause all political talks overshadowing the opening day of a two day summit.
MENTIONED IN THIS ARTICLE
Luxembourg
Arp
European Union
Turkey
Poland
Hungary
Czech Republic
Slovenia
Estonia
Cyprus
Lithuania
Latvia
Slovakia
Romania
Bulgaria
Also Mentioned on This Page
World Briefs
Yasser Arafat
Igweryd Gaay
Zea
Naira Oan
Peg
Sue
BR Reslufe
Aia Thay
Eter
Iowa
Lawrence
Mobutu Sese Seko
Massachusetts
S & Goods
Bianchi
Cannondale
U.S.A
Sees
Tor Ife
Sir Lawrence's
Hillcrest
Ars
Journal-World
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