GENEVA -- Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday.
On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilizing solution was absolutely necessary, the government said. (Switzerland-UBS-Credit Suisse)
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CAIRO -- The Palestinian National Authority and Israel reaffirmed their commitment on Sunday to advancing security, stability and peace for both Palestinians and Israelis.
According to a communique released after a meeting between officials from the two sides, Egypt, Jordan and the United States in Egypt's Red Sea resort city of Sharm El-Sheikh, the parties recognized the necessity of de-escalation on the ground, the prevention of further violence, as well as of pursuing confidence-building measures, and addressing outstanding issues through direct dialogue. (Egypt-Israel-Palestinians-Peace)
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TEHRAN -- Iran and Iraq on Sunday signed an agreement on security cooperation in Baghdad, Iran's official news agency IRNA reported.
The deal was signed by visiting Secretary of Iran's Supreme National Security Council (SNSC) Ali Shamkhani and Iraq's National Security Adviser Qasim al-Araji following their meeting earlier in the day, in a ceremony also attended by Iraqi Prime Minister Mohammed Shia' al-Sudani. (Iraq-Iran-Security Cooperation)
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ABUJA -- Nigerian police on Sunday launched a manhunt for at least six people suspected to have been kidnapped by gunmen who attacked a group of election personnel in the country's north-central state of Kogi, a spokesman for the police said.
The election personnel on duty were attacked early Sunday while on their way to a collation center in the state capital, Lokoja, after a parliamentary election in Kogi Saturday, as the gunmen intercepted their vehicles, injuring some and taking away at least six others in the state's Obajana area, Williams Ovye-Aya, a spokesman for the police, told Xinhua over the telephone. (Nigeria-Insecurity-Gunmen Attack)