Jan 16, 2015

U.S. eases travel, trade with Cuba from Friday: Treasury

The United States will ease travel and trade restrictions with Cuba on Friday, implementing last month’s agreement to begin normalizing ties with the Cold War-era foe. “Today’s announcement takes us one step closer to replacing out-of-date policies that were not working and puts in ...

U.S.: Islamic State earns $1 million per day in black market oil sales

Oct 24, 2014

U.S.: Islamic State earns $1 million per day in black market oil sales

Islamic State militants are amassing wealth at an unprecedented pace, earning about $1 million a day from black market oil sales alone, a U.S. Treasury Department official said Thursday. David Cohen, who leads the department’s effort to undermine the Islamic State’s finances, said the ...