- March 4
- Bank of Credit and Commerce International divests itself of first American Bank. [1]
- Iraq releases six US, three British, and one Italian prisoners-of-war. [1]
- March 5
- Iraq repeals its annexation of Kuwait. [1]
- March 6
- Following Iraq's capitulation in the Persian Gulf conflict, President George H.W. Bush tells US Congress that "aggression is defeated; the war is over". [1]
- March 7
- Iraq continues to explode oil fields in Kuwait. [1]
- March 8
- Planeloads of US troops arrive home from the Persian Gulf, Iraq hands over 40 foreign journalists and two American soldiers it captured. [1]
- US performs nuclear test at Nevada Test Site. [1]
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- Near the east coast of Koryakskiy Avtonomnyy Okrug, Russia, a magnitude 6.6 earthquake occurs. Believed to be the largest earthquake ever in this area. [53]
- March 9
- Massive demonstrations are held against Slobodan MiloÜevic in Belgrade, Yugoslavia; two people are killed and tanks are in the streets. [41]
- March 11
- Janet Jackson signs US$40 million three-album deal with Virgin Records. [1]
- A curfew is imposed on black townships in South Africa after fighting between rival political gangs kills 49. [41]
- March 13
- Exxon agrees to pay US$1 billion in fines and cleanup of Valdez oil spill (Prince William Sound, Alaska). [1] [41]
- March 14
- After 16 years in prison for allegedly bombing a pub in an Irish Republican Army attack, the "Birmingham Six" are freed when the British Court of Appeal determines that the police fabricated evidence. [1] [41]
- Emir of Kuwait returns to Kuwait City, after the Iraqis leave. [1]
- March 15
- Territories of Amapa and Roraima become states in Brazil. [1]
- Germany formally regains complete independence after the four post-World War II occupying powers (France, the United Kingdom, the United States and the Soviet Union) relinquish all remaining rights. [41]
- March 16
- New York Lotto pays US$33.3 million to one winner (numbers are 18-21-32-33-35-38). [1]
- March 17
- USSR holds a referendum to determine if they should stay together; 9 of 15 Soviet representatives officially approve new union treaty. [1]
- March 20
- A Los Angeles jury awards Peggy Lee more than US$3.8 million in videocassette profits for her singing and songwriting in Disney's 1955 animated film Lady and the Tramp. (A judge later reduces the award to 2.3-million.) [457]
- Michael Jackson signs US$65 million six-album deal with Sony Records. [1]
- US forgives US$2 billion in loans to Poland. [1]
- March 21
- 27 lost at sea when two US Navy anti-submarine planes collide. [1]
- United Nations Security Council panel decides to lift the food embargo on Iraq. [1]
- March 23
- In Lugano, Switzerland, Harmers Auctions SA sells at auction a Great Britain 1840 1-penny stamp on cover for US$2,415,000, a world record for a postage stamp. [798.3]
- March 24
- In liberated Kuwait, banks reopen. [1]
- March 31
- Albania offers first multi-party election in 50 years. [1] [41]
- Soviet Republic of Georgia endorses independence. [1] [41]
- April 1
- Iran releases British hostage Roger Cooper after five years. [1]
- The president of the Berlin Treuhandanstalt (the organization responsible for the privatization of East German property), Detlev Karsten Rohwedder is murdered by terrorists. [37]
- April 3
- The United Nations Security Council passes the Cease Fire Agreement, Resolution 687. The resolution calls for the destruction or removal of all of Iraq's chemical and biological weapons, all stocks of agents and components, and all research, development, support and manufacturing facilities for ballistic missiles with a range greater than 150 km and production facilities; and for an end to its support for international terrorism. [1] [41]
- April 5
- Former Texas Republican Senator John Tower (age 65) and 22 others are killed in an airplane crash in Brunswick, Georgia, United States. Tower was chairman of the Senate Armed Sevices Committee, and the Republican Policy Committee. [41] [861.324]
- Southeast Airlines Embracer 120 crashes in Georgia, killing 23. [1]
- US begins air drops to Kurdish refugees in Northern Iraq. [1]
- April 7
- Compton Gamma Ray Observatory orbits Earth. [1]
- April 9
- The Supreme Council of the Republic of Georgia declares independence. [1] [41]
- April 10
- Italian ferry Moby Prince collides with an oil tanker in dense fog off Livorno, Italy killing 140. [1] [41]
- A South Atlantic tropical cyclone develops in the Southern Hemisphere off the coast of Angola (the first of its kind to be documented by weather satellites). [41]
- April 11
- United Nations Security Council issues formal cease fire with Iraq declaration. [1]
- April 12
- Nepalese Congress party wins general elections. [1]
- US announces closing of 31 major US military bases. [1]
- April 14
- In the Netherlands, thieves steal 20 paintings worth US$500 million from the Van Gogh Museum in Amsterdam. Less than an hour later the paintings are found in an abandoned car near the museum. [41]
- April 15
- East-Europe Bank forms in London, England. [1]
- European foreign ministers lift most remaining sanctions against South Africa. [1]
- April 16
- The Skoda automobile company (Czech Republic) is acquired by Volkswagen. [37]
- April 17
- Dow Jones Industrial Average closes above 3,000 for first time (3,004.46). [1] [41]
- April 18
- Iraq declares some of its chemical weapons and materials to the United Nations, as required by Resolution 687, and claims that it does not have a biological weapons program. [41]
- April 20
- First non-stop flight Schiphol-Flamingo airport Bonaire. [1]
- April 22
- In Costa Rica, a magnitude 7.6 earthquake occurs. Forty-seven people killed, 109 injured, 7,439 homeless and severe damage in the Limon-Pandora area. [1] [53]
- April 23
- USSR grants republics right to secede under certain conditions. [1]
- April 29
- Croatia declares independence. [1]
- Earthquake in Georgia kills 100. [1]
- In Bangladesh a cyclone kills over 131,000 and leaves 9 million homeless. [1] [41]
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