Home > Uncategorized > News in Brief: 15 September 2008

News in Brief: 15 September 2008

A brief list of news for the day:

Banking crisis: Lehman Brothers files for bankruptcy protection. Heralding a tumultuous day in the financial markets, Lehman announced at around 5.30am BST that it will file for Chapter 11 bankruptcy protection, making it the biggest victim so far of the credit crunch and sub-prime crisis. (Guardian)

Bank of America agrees to buy Merrill Lynch. On a day that saw Wall Street chieftains and U.S. officials scrambling to shore up the financial system, Bank of America Corp. on Sunday swooped in to buy brokerage and investment banking giant Merrill Lynch, only hours after officially dropping out of the race to buy battered Lehman Brothers. (McClatchy)

Afghanistan Is in Its Worst Shape Since 2001, European Diplomat Says. One of the most experienced Western envoys in Afghanistan said Sunday that conditions there had become the worst since 2001. (New York Times)

Pakistani tribes vow reprisal for U.S. missile attacks. Leaders in tribal borderland threaten to send fighters to battle U.S. in Afghanistan if strikes don’t stop. (Globe and Mail)

Taliban suicide bomber kills two Afghan UN doctors. KANDAHAR, Afghanistan: A suicide car bomb claimed by the Taliban killed two Afghan doctors and a driver working for the United Nations on Sunday, the UN said, a day after a provincial governor was assassination by a remote-controlled bomb. (The Daily Star)

NATO Envoys Will Offer Their Support in Georgia. Defying strong opposition from Russia, NATO’s 26 ambassadors will begin a two-day visit to Georgia on Monday in a move by the American-led military alliance aimed at showing support for the Georgian government. (New York Times)

Abbas aims to stay in office until 2010. Palestinian President Mahmoud Abbas said in an interview published on Sunday he will remain in office until 2010, a decision likely to stoke tensions with Hamas rivals who oppose his peace talks with Israel. (Today’s Zaman)

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