Paris Soir - News from Paris, France, Europe and the world – 24/7

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.

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.

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.

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.

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.

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.

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.

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."

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:

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

International Criminal Court prosecutor Karim Khan said Monday that the ICC "won't hesitate to act" over possible war crimes in Ukraine, as ministers from more than 40 countries met in London.

European Union ministers were set to sign off Monday on a two-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine.

Vladimir Putin and Xi Jinping were to discuss Beijing's propositions to stop the fighting in Ukraine, as the Chinese leader arrived Monday for a landmark visit with his counterpart in Moscow.

International observers on Monday welcomed progress in Kazakhstan's parliamentary elections but said more democratic reforms were needed as the country hopes to turn the page after a brutal crackdown.

Carlos Alcaraz returned to the top of the ATP rankings on Monday after his Indian Wells triumph, while Rafael Nadal dropped out of the top 10 for the first time in 18 years.

French President Emmanuel Macron's government is set to face two no-confidence motions in parliament on Monday over an unpopular pension reform that has sparked violent protests and political uproar.

Equities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

Thai Prime Minister Prayut Chan-O-Cha dissolved the country's parliament on Monday, setting up a general election in May as the former coup leader seeks to extend army-backed rule.

Kenyan riot police fired tear gas Monday to disperse demonstrators gathered in Nairobi for a day of action called by the opposition to protest the country's punishing cost of living crisis, AFP correspondents said.

Police and soldiers deployed across South Africa on Monday as the country braced for protests after a left-wing party called for a "national shutdown", sparking fears of a repeat of unrest that turned deadly two years ago.

Kenyan riot police were out in force Monday for a day of action called by the opposition to protest the country's cost of living crisis, despite a ban on the demonstrations.

Asian equities sank Monday following a sell-off in New York on fears over the financial sector, with traders giving short shrift to news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

Actors from the smash-hit comedy series "Ted Lasso" will meet President Joe Biden at the White House on Monday to discuss the importance of mental health, the administration said Sunday.