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Iraq peshmerga storm Islamic State town as army battles in Mosul

BASHIQA, Iraq Iraqi Kurdish peshmerga forces stormed an Islamic State-held town northeast of Mosul on Monday, trying to clear a pocket of militants outside the city while Iraqi troops wage a fierce urban war with the jihadists in its eastern neighborhoods.

German prosecutors confirm probe targeting VW's chairman

HAMBURG German prosecutors confirmed on Monday they are investigating Volkswagen AG's supervisory board chairman over suspected market manipulation, in another blow to efforts to contain fallout from the automaker's diesel emissions scandal.

Israel says 'no' to Middle East peace conference in Paris

JERUSALEM Israel on Monday formally rejected France's invitation to take part in a Middle East peace conference in Paris later this year, saying it was a distraction from the goal of direct negotiations with the Palestinians.

Philippine's Duterte cancels police rifle deal with U.S.

MANILA President Rodrigo Duterte ordered the cancellation on Monday of Philippine's purchase of police rifles from the United States, after U.S. senatorial aides said last month that Washington was halting the sale due to concerns about human rights violations.

Ahead of Brexit, some banks quietly shift M&A bankers to Frankfurt

FRANKFURT Global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up, boosting the city's chances of being one of the financial centers to benefit most from Britain's vote to leave the European Union.

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