France to raise VAT to fund company tax breaks

The French government has said it will raise value added tax and cut public spending in order to fund tax credits for firms that keep jobs in France.

Europe accuses U.S. of failing to cut Boeing aid

(Reuters) - The European Union accused the United States on Thursday of ignoring a World Trade Organization ruling to stop subsidies to planemaker Boeing (BA.N) and asked the Geneva-based body to investigate, prolonging the world's largest trade dispute.