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Switzerland’s biggest bank UBS has agreed to take over its rival Credit Suisse as uncertainty continues in global financial markets. The 3-billion-dollar deal was made after emergency talks over the weekend between the 2 banks and Swiss financial regulators. Switzerland’s central bank is backing the deal with a loan facility of up to 110 billion dollars. The US Federal Reserve and other central banks have announced coordinated action to ease financial strain worldwide. The measures to make dollars available more quickly between central banks will take effect on Monday.
Iran says Saudi Arabia has invited President Ebrahim Raisi to visit, just over a week after Tehran and Riyadh agreed to restore diplomatic relations. There has been no comment by the Saudi authorities.
A senior accountant in South Africa, who has been investigating serious corruption cases, has been shot dead. * was the liquidator for the company *, which has been implicated in scandals involving government contracts.
Ukraine has condemned President Putin’s visit to the devastated city of Mariupol. An aide to President Zelenskyy said it was a criminal returning to the crime scene.
Exit polls following Kazakhstan’s snap parliamentary election suggest President Kassym-Jomart Tokayev’s ruling * Party has won about 54% of the vote.
Officials in the Central African Republic say 9 Chinese nationals have been killed during a raid in a gold mine. A previous attack was blamed in a group linked to the former President *.
Ecuador’s state oil company has triggered a clause that exempts it for fulfilling its contractual obligations after weeks of protests outside an oil field in the Amazon forest region.