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Bank shares wobble after Credit Suisse buyout

Bank shares wobble after Credit Suisse buyout

Bank shares wavered in volatile trading on Monday after 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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Norway's high court confirms its control of Arctic resources

Norway's high court confirms its control of Arctic resources

Norway's highest court confirmed on Monday the Norwegian state's exclusive right to natural resources on the continental shelf around the strategically important Svalbard archipelago in the Arctic.

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Kuwait desert oil spill sparks 'state of emergency': company

Kuwait desert oil spill sparks 'state of emergency': company

The Kuwait Oil Company declared a "state of emergency" Monday over an oil spill on land, in an incident decried by environmental activists as a "recurring problem" in the energy-rich Gulf state.

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UN 'survival guide' report a stark warning on climate

UN 'survival guide' report a stark warning on climate

Devastating climate impacts are hitting faster than expected as the world teeters on reaching the 1.5 degree Celsius warming limit in a little over a decade, the UN said Monday.

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Violent clashes as Kenya opposition stages protests

Violent clashes as Kenya opposition stages protests

Kenyan riot police fired tear gas and water cannon against veteran opposition leader Raila Odinga's convoy on Monday, as clashes flared during protests against a severe cost-of-living crisis.

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Somalia drought could lead to 135 deaths a day: UN study

Somalia drought could lead to 135 deaths a day: UN study

The record drought sweeping the Horn of Africa may lead to 135 deaths a day in Somalia between January and June this year, the health ministry, WHO and UNICEF said in a study released Monday.

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EU agrees 2-billion-euro ammunition plan for Ukraine

EU agrees 2-billion-euro ammunition plan for Ukraine

European Union foreign ministers agreed Monday on a two-billion-euro plan to raid their own arsenals and jointly purchase desperately needed artillery shells for Ukraine, diplomats said.

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UN chief: rich nations must achieve net zero carbon quicker, by 2040

UN chief: rich nations must achieve net zero carbon quicker, by 2040

UN Secretary General Antonio Guterres called on wealthy countries Monday to move up their goals of achieving carbon neutrality as close as possible to 2040, mostly from 2050 now, in order to "defuse the climate time bomb."

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Two weeks of banking turbulence

Two weeks of banking turbulence

After three US regional lenders collapsed and UBS swooped to buyout troubled Credit Suisse to avoid a wider crisis, AFP looks back at the last two weeks of banking turbulence:

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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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