Saudi to Delay $10 Billion in Arms Payments
Saudi Arabia reached deals with five top U.S. contractors to stretch $10 billion in payments over the next two years, easing fears it would cancel arms deals for tanks missiles and fighter aircraft. The move helps American defense firms amid waning Pentagon orders as oil prices slide and Saudi finances tighten. Saudi remains the largest customer for U.S. arms makers amid a broader push to improve cash flow on more than $20 billion in pending sales.
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Saudi Arabia
Pentagon
Ontario high court weighs overturning press ban in Teale case
Ontario's top court opened a review of the July imposed news blackout in the Karla Teale trial. Media outlets including CBC and Toronto papers seek lifting the ban that restricted reporting on the two girls' sex slayings and sentence details.
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Arafat Says Israel Seeks More Time On Pact
In Davos, Yasser Arafat said Israel asked for more time to sign a draft implementing the PLO Israeli accord. He noted two days of talks with Shimon Peres yielded progress though no agreement was signed. Rabin reviewed Peres and Arafat draft.
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Japan Could Build Nuclear Bomb If It Chooses
London’s Sunday Times reports a British defense ministry brief says Japan has the parts for a nuclear bomb and may have built one, but there is no evidence Tokyo has abandoned its non nuclear stance. Defense Agency spokesman Takahiro Goto reaffirmed Japan’s ban on manufacturing or possessing nuclear weapons.
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Algeria swears in unelected president Zeroual vows dialogue
Algeria's defense minister Lamine Zeroual was sworn in as president amid international calls for reform He pledged to pursue a dialogue to end the insurgency while asserting a hard line stance on security and Islamic policy.
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Plan backs Croats as U N report foreshadows air strikes
Washington reports say the Clinton administration endorsed a United Nations report threatening air strikes if Serbs attack peacekeepers in key towns. Intelligence suggests 5 000 to 10 000 Croatian troops crossed into Bosnia while Germany signals possible sanctions alignment with the United States. Bosnian police opened fire at a checkpoint near Sarajevo, killing three gunmen and a hostage.
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Sarajevo
Marines fire on Somalis in Mogadishu street clash
In Mogadishu a convoy with two U.S. diplomats came under fire as Marines opened fire killing at least five and wounding many. U.S. officials said the Marines acted in self defense after being fired upon by snipers. Somalis disputed the claim as street tensions rose amid a withdrawal plan.
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Sinn Fein Leader Arrives in U S for Peace Conference
Sinn Fein President Gerry Adams, long banned from the United States, arrives at JFK Airport to attend a two day peace conference in New York. Security is tight as he promotes ending violence and advancing the Northern Ireland settlement under the December Joint Declaration.
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National Committee On American Foreign Policy
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