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Top UN official tells Security Council that Islamic State group, affiliates gaining power in Africa
Print 🖨 PDF 📄UNITED NATIONS (AP) — A top U.N. counterterrorism official told the Security Council on Thursday that a vast stretch of Africa could fall under the control of the Islamic State group and affiliated terrorist organizations. There was no known link between an alleged plot to attack Taylor Swift shows in Vienna and the group or…
UBS completes takeover of Credit Suisse as job cuts loom
Print 🖨 PDF 📄UBS talks of the ‘beginning of a historic new chapter’ UBS said Monday that it has finalized its takeover of Credit Suisse, ending a months-long saga that saw the near-collapse of one of Switzerland’s biggest financial institutions. The bank announced that completion in an open letter to Swiss, German-language daily newspaper, NZZ and…
U.S. announces $11.1B weapons package for Taiwan, angering China
Print 🖨 PDF 📄Chinese government says sale ‘severely undermines peace and stability in the Taiwan Strait’ The United States on Wednesday approved $11.1 billion US in arms sales to Taiwan, the largest ever weapons package for the island which is under increasing military pressure from China. The Taiwan arms sale announcement is the second under…
Walmart warns that higher are prices coming soon due to tariffs
Print 🖨 PDF 📄Walmart will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, even as the retailing giant’s U.S. comparable sales surpassed expectations in the first quarter. Shares of the Bentonville, Arkansas-based company rose 2% in pre-market trading. Its stock is up more than…
U.S. regional bank stocks fall as investor fears persist
Print 🖨 PDF 📄May 12 (Reuters) – Shares of major U.S. regional lenders were mostly lower on Friday, underscoring continued investor uncertainty about the financial stability of mid-sized banks. Comerica Inc (CMA.N), Fifth Third Bancorp (FITB.O) and KeyCorp (KEY.N) fell 3.7%, 1.1% and nearly 2%, respectively. PacWest Bancorp (PACW.O), which lost 23% on Thursday after…
Uganda Arrests 20 ‘Collaborators’ Over Horrific School Massacre
Print 🖨 PDF 📄Ugandan police said Monday that 20 people had been arrested for suspected collaboration with the notorious militia group blamed for last week’s grisly attack on a school near the border with Democratic Republic of Congo. “Twenty arrests have been made of suspected collaborators, suspected ADF collaborators,” police spokesman Fred Enanga told a…
