Word: lusaka
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...market and shut off the flow from the Gold Pool. Prime Minister Harold Wilson hurried to Buckingham Palace for a midnight meeting with Queen Elizabeth, who declared a bank holiday in foreign-exchange trading. That shut off the Gold Pool's dealing, and money markets from Singapore to Lusaka followed suit. The Paris market alone stayed open...
When government ministers from four of the free world's main copper-exporting countries gathered in the sweltering Zambian capital of Lusaka on June 1, the copper-consuming nations had every reason to worry. The idea, as conceived last fall by Zambian President Kenneth Kaunda and Chilean President Eduardo Frei, was to set up a price-and-quota-fixing copper cartel to control the world market. After all, their countries plus Peru and the Congo produce 70% of the earth's copper sold for export. * With economies largely based on copper, all four nations have suffered...
...busy with major expansions of six InterContinental hotels. Completely new additions to the chain were rising at Lahore and Rawalpindi in Pakistan, Nicaragua's Managua, and Auckland, N.Z. This month the company will break ground in Manila, and architects are drafting plans for hotels in Victoria Falls and Lusaka in Zambia, and Nairobi, Kenya. Inter-Continental is even represented behind the Iron Curtain with Zagreb's Esplanade, and emissaries are dickering with Hungarian Communists about helping to run a hotel in Budapest...
Policy of Kith & Kin. The expulsion order was suggested by Zambia's President Kenneth Kaunda, who was impatient for stronger British action against Ian Smith's government in Rhodesia. Addressing 20,000 followers at a youth rally in Lusaka, Kaunda attacked Wilson for his "kith and kin" policy on Rhodesia and threatened to propose Britain's expulsion at the next Commonwealth meeting unless Smith's gov ernment has been toppled by then. "Our stand on the rebels is final," Kaunda stressed. ";We refuse to be part and parcel of British treachery...
...lifeline for copper exports and coal and consumer-goods imports. By jeopardizing his own economy, Kaunda hopes to put Wilson over a barrel and force him into more decisive action. To calm Kaunda down, last week Wilson sent Judith Hart, the Minister of State for Commonwealth Relations, to Lusaka. When she arrived, only two minor protocol officers were waiting to meet her, and toward week's end she had yet to talk with Kaunda officially. "If the British government should change its policy tomorrow," said Kaunda, "I would shake the hand of Harold Wilson. If it does...