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EU eyes cash demands as Brexit talks turn sour

Britain will face EU demands for billions of euros in cash if it fails to strike a Brexit deal, Brussels officials and diplomats said on Monday after talks with London stalled 18 days before it is due to leave the bloc. Prime Minister Theresa May agreed a withdrawal treaty last year under...

U.S.-backed Syrian force attacks Islamic State enclave

U.S.-backed Syrian forces launched an assault against the final Islamic State enclave in eastern Syria on Sunday, aiming to wipe out the last vestige of its self-declared “caliphate” that once spanned a third of Iraq and Syria. While the Baghouz enclave represents the last shred of...

US sanctions against Venezuela scaring off banks

As the United States has quickly ratcheted up sanctions against Venezuela to pressure Nicolas Maduro, bankers say they are shying away from doing even legitimate business with the crisis-wracked oil-producing country for fear of getting caught in the crossfire. The sanctions target a...