Kurdish forces, known as peshmerga, stand guard near Mosul dam at the town of Chamibarakat outside Mosul in Iraq yesterday.  Photograph: AP Photo/Khalid Mohammed

Kurdish forces have taken control of most of Iraq’s largest dam after battling Islamic State fighters in nearby villages, reversing some of gains m(...)

Denmark’s largest pension fund  said earlier this week it was shortening interest rate guarantees to savers amid a lack of liquid assets with maturities of 30 years and longer. Policy holders will now have the rates paid on their savings guaranteed for 15 years at a time, versus lifelong guarantees. ATP said the change will also help protect pensioners’ purchasing power.

Denmark’s biggest pension fund, ATP, says a perfect storm of forces including tighter regulation led it to abandon its reliance on the longest-dated b(...)

State prosecutors confirmed yesterday they had concluded their investigation into the bank’s ex-CEO Georg Funke. Photograph: Getty

The former chief executive of German property lender Hypo Real Estate (HRE) is facing criminal charges of false financial reporting, six years after t(...)

US president Barack Obama addresses the nation from the State Dining Room of the White House, in Washington yesterday.  Photograph: Mike Theiler/EPA

The US military conducted two additional air strikes against Islamic State forces near the city of Arbil in northern Iraq this evening, the Pentagon s(...)

Fruits are for sale at the Agro-Food Market in Bronisze near Warsaw in  Polandtoday. Russian president Vladimir Putin lhas  ordered agricultural import bans on countries that have levied economic sanctions against Russia for its role in the separatist fighting in Ukraine’s east. Photograph: Rafal Guz/EPA

The European Union and the United States are tightening sanctions against Russia, targeting its energy, banking and defence sectors in the strongest i(...)

A sticker demanding asylum for US National Security Agency whistleblower Edward Snowden is seen outside the partially-finished new headquarters of Germany’s Federal Intelligence Service. Photograph: Adam Berry/Getty Images

Opposition parties in Berlin have threatened to ask the constitutional court to overturn the German government’s refusal to grant Edward Snowden asyl(...)

Russia’s ambassador to the United Nations Vitaly Churkin (centre) warned the UN Security Council  against  attempts to pressure an investigation into the downing of Malaysia Airlines flight MH17. Photograph: Reuters

The shooting down of flight MH17 on Thursday afternoon in Ukrainian airspace potentially opens up a new front in the ongoing tensions between the West(...)

German government spokesman Steffen Seibert  made clear that Berlin did not view the spying episode as closed with yesterday’s departure. Photograph:  Adam Berry/Getty Images

The CIA chief of station in Berlin, the head intelligence officer in the US embassy, has left the country a week after being ordered to do so by the G(...)

Security officers  outside the US embassy in Berlin.  A spokesman for Chancellor Angela Merkel  said she was still waiting for the CIA station chief in the  embassy to comply with her demand and leave Germany. Photograph: Reuters

German chancellor Angela Merkel and US president Barack Obama remain at odds over double agents discovered working for US intelligence inside the Ger(...)

Commerzbank, Germany’s second-largest lender, is accused by US authorities of transferring money through its US operations on behalf of companies in Iran and Sudan

US authorities have begun settlement talks with Germany’s Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United S(...)