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Friday, June 26, 1998

Clinton gets red carpet welcome at Xian
US President Bill Clinton on Friday arrived in China at the start of a landmark nine-day trip heralding a new era in relations between the two countries. Clinton is heading a 1,000-strong delegation of top US officials and trade leaders but his trip is dogged by a controversy over allegations that the Chinese military funnelled money to his Democratic Party's 1996 election campaign.

UN sanctions against Iraq to stay
The United Nations Security Council has decided to continue tough sanctions against Iraq after chief weapons inspector Richard Butler testified before the member nations that tests carried out by the American army left "no doubt" that Iraq filled its missile warheads with deadly VX nerve gas. The decision to continue sanctions was taken without vote and would be reviewed only after another 60 days.

Palestinians warn of violence over stalled peace process
Palestinians are sounding the alarm with growing urgency over the stalled peace process, warning that an explosion of violence may occur, if the deadlock persists. By continuing to destroy Palestinian houses, confiscate land, and increase its hold over Jerusalem, the Israeli Government risks driving the Palestinian population to extremes, Palestinian leaders have warned.


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Global Tenders invited by MSTC


  German bishops told to explain stand on abortion counselling
  Japan cabinet member visits disputed island
  Tibetan rights group in China to monitor Clinton summit
  World Vignettes
  World Bank to okay $ 543 mn social loan to India
  Lankan Cabinet meet today on snap polls
  Shaky yen pulls down Asian currencies
  Antitrust suit may aid Windows 98 launch
  World Briefing
  International Monetary Fund, Jakarta sign fresh pact to beef up economy
  GM hits union with grievance, to protest against state benefits
  Single currency will brighten European blue chips' outlook -
  Merrill Lynch set to open branch in Japan on July 1
  Saudi refinery upgrade to affect fuel quality
  Aluminium sector in Venezuela to be privatised
  Argentina to invite global investors for $440 mn copper smelter project
  "Gold prices may recover in near future"
  Singapore oil swaps fall in thin trades

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