European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries rejected deeper spending cuts demanded by Britain and its allies. European Council President Herman Van Rompuy decided to end a summit on the 2014-2020 EU budget,

Prince of Blackwater heads to Africa Erik Prince, who made a fortune in Iraq thanks to his politically connected and controversial Blackwater military contractor, is leading a group of Chinese investors on a hunt for natural resources and investment opportunities in Africa. Erik Prince, the man who founded Blackwater, the private military contractor that became