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A multinational task force battling Boko Haram said on Thursday it had recaptured the only town in northeast Nigeria's Borno state that was still held by the Islamist militant group. Boko Haram, which formed in Borno, has waged an insurgency since 2009 to carve out a state based on sharia (Islamic law) in the northeast of Africa's most populous country. Damasak, captured by Boko Haram in October 2014, was part of an area around the size of Belgium that the jihadist group controlled in northeast Nigeria by the end of 2009.
Credit Suisse Group AG , which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on Friday and confirmed by a spokeswoman.
A police officer died and another was wounded in a shooting at a traffic stop in San Diego, police said Friday. A Hispanic man was later taken into custody, San Diego police chief Shelley Zimmerman told a news conference. The officers radioed in that they were making a traffic stop late Thursday, then called for emergency backup soon after, she said.