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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 13, 1998
Page
5
Japan moves to nationalize Nippon Credit Bank as early as Sunday to prevent a collapse that could threaten the banking system. A bank spokesman said formal notice was given and a response deadline set, with an expected announcement to replace top management after mediation with Chao Trust failed.
Vincent Cochetel, 37, head of UNHCR North Ossetia office, was kidnapped by three masked gunmen in Vladikavkaz on January 29 and released in a operation by the Russian Interior Ministry and regional security forces. Two officers were lightly wounded.
Hundreds of protesters including Daewoo and Samsung workers clash with riot police in central Seoul while demanding an end to restructurings they fear will trigger layoffs. The unions threaten a nationwide strike as more rallies erupt in several cities.
The 15 EU nations debated delaying the July 1 start of a ruling removing duty free status at ferry terminals and airports. Despite strong lobbying, leaders agreed to study the impact of a postponement as concerns about losses push momentum toward ending duty free sales.
Suspected gang chief Moscow-Sergei Mikhailov returned home after being cleared in Switzerland of leading the Solntsevo gang. He praised the verdict as proof Russians can be legitimate businessmen contributing to the economy. Prosecutors argued he ran a criminal empire, but Swiss judges found insufficient proof of criminal acts.
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