EU leaders discuss fight against tax evasion

BRUSSELS: European Union leaders on on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes.

S.&P. Warns Europe of Ratings Downgrades

Standard & Poor’s on Monday warned that it may strip the euro zone’s two biggest economies, Germany and France, of their top-notch AAA credit ratings as a result of the Continent’s economic crisis.