Netflix expands in Europe
Many Americans have been cutting the cable cord and turning to Netflix for streaming video. Over 35 million subscribers in the US can choose from a huge selection of films and series for just a few dollars per month. Now Netflix is ramping up its presence in Europe.
EU and Ukraine ratify association agreement
Ukraine and the EU have just ratified an association agreement aimed at strengthening their ties. Concerns from Moscow have already led Brussels and Kyiv to compromise on key provisions of the pact which will not be implemented until at least the beginning of 2016.
OECD addresses corporate tax flight
More and more United States-based companies are buying foreign enterprises and moving their headquarters overseas to avoid paying corporate taxes at home. It is called "corporate inversion" and is costing the government billions of lost revenue. The Organization for Economic Cooperation and Development has now developed a fix, but whether it will work is another thing.