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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Europe

Europe, Turkey strike a deal on tackling the migrant crisis

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October 16, 2015, 5:43 AM ET
Syrian Kurds Battle IS To Retain Control Of Kobani
SANLIURFA, TURKEY - OCTOBER 20: (TURKEY OUT) An explosion rocks Syrian city of Kobani during a reported suicide car bomb attack by the militants of Islamic State (ISIS) group on a People's Protection Unit (YPG) position in the city center of Kobani, as seen from the outskirts of Suruc, on the Turkey-Syria border, October 20, 2014 in Sanliurfa province, Turkey. According to Foreign Minister Mevlut Cavusoglu, Turkey will reportedly allow Iraqi Kurdish fighters to cross the Syrian border to fight Islamic State (IS) militants in the Syrian city of Kobani while the United States has sent planes to drop weapons, ammunition and medical supplies to Syrian Kurdish fighters around Kobani. (Photo by Gokhan Sahin/Getty Images)Photograph by Gokhan Sahin — Getty Images
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The European Union and Turkey have agreed on a mutual action plan to stem the flood of refugees and migrants from the latter into the former, Reuters reported on Friday.

Speaking at a summit in Brussels, E.U. leaders said they would offer Turkey a sizable aid package, and greater access to visas for Turkish citizens, if the country agreed to better control its borders, through which hundreds of thousands of displaced persons from the Middle East have entered Europe this year. From Turkey, they make the sea crossing to Greece and travel to points north.

Turkish officials requested €3 billion ($3.4 billion) in aid, Reuters reported, a sum that German Chancellor Angela Merkel called practical. In exchange, Ankara will also work to better the conditions of the 2 million refugees currently in Turkey, perhaps encouraging them to remain in the country.

European leaders also tentatively agreed to re-evaluate Turkey’s long-standing application to join the E.U.

“There is still a huge amount to do,” Merkel said, according to the BBC. “But you cannot say that we’ve achieved nothing.”

The Brussels meeting was the fourth E.U. summit this year held to address the ongoing migrant crisis, which has brought 600,000 people to Europe in 2015 alone. European Council president Donald Tusk, who chaired the summit, expressed a “cautious optimism” over the deal.

The severity of the situation was underscored early Friday, when an Afghan migrant attempting to enter Bulgaria from Turkey was fatally shot down by border guards.

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