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Bank shares slide despite Credit Suisse buyout

Bank shares slide despite Credit Suisse buyout

Global bank shares took another beating on Monday despite a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

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Credit Suisse buyout faces harsh criticism at home

Credit Suisse buyout faces harsh criticism at home

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.

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Japan PM says India 'indispensable' in ensuring free Indo-Pacific

Japan PM says India 'indispensable' in ensuring free Indo-Pacific

Japanese Prime Minister Fumio Kishida on Monday called India vital to ensuring a free and open Indo-Pacific after talks with his counterpart touching on shared concerns about China.

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Nigerian ruling party keeps powerful Lagos post after tense local polls

Nigerian ruling party keeps powerful Lagos post after tense local polls

Nigeria's ruling party has held onto the powerful post of Lagos governor, the country's electoral commission said on Monday, following weekend local elections marred by reports of violence and vote buying.

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Xi arrives in Moscow to discuss Ukraine conflict

Xi arrives in Moscow to discuss Ukraine conflict

Xi Jinping hailed his landmark visit to Moscow Monday as giving "new momentum" to Chinese-Russian ties ahead of talks with Vladimir Putin on Beijing's proposals to stop the fighting in Ukraine.

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African players in Europe: Kessie is El Clasico hero

African players in Europe: Kessie is El Clasico hero

Ivory Coast midfielder Franck Kessie came off the bench to score an added-time winner for Barcelona in a 2-1 El Clasico triumph over Real Madrid at the weekend.

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20 years after US invasion, war-scarred Iraq faces uncertain future

20 years after US invasion, war-scarred Iraq faces uncertain future

Iraq on Monday marked 20 years since the start of the US-led invasion that toppled dictator Saddam Hussein, but no official celebrations were held.

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UK minister faces hostile return after Rwanda asylum trip

UK minister faces hostile return after Rwanda asylum trip

One of Britain's most senior ministers came under fire Monday for laughing uproariously in front of a future migrant camp and asking for tips on interior design during a trip to Rwanda.

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South African protesters march amid heavy security

South African protesters march amid heavy security

South Africa's leftwing opposition launched strikes and rallies under heavy security on Monday in a bid to force out President Cyril Ramaphosa over his handling of the country's sickly economy and crippling energy crisis.

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Bank shares, oil prices slide despite Credit Suisse buyout

Bank shares, oil prices slide despite Credit Suisse buyout

Global bank shares and oil prices slumped Monday as a UBS buyout of Credit Suisse and reassurances from financial authorities failed to calm investors spooked by a fresh crisis.

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