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The Federal Election Commission has declined to investigate the funding of a campaign to defeat a Los Angeles County ballot initiative by an international conglomerate, raising fears among campaign finance reform advocates that foreign funds may flood into U.S. elections.

The killing of an American who directed al Qaeda's media campaign from his Pakistani hideout is likely to be a big blow for the militants, especially as they wage a propaganda war with Islamic State.

Germany's financial watchdog is expected to finish its own investigation into the activities of Deutsche Bank's traders in May or June and a supervisory source said it would incorporate the findings of authorities in the United States and Britain.