North Korea appears to be making an orderly transition after the death of Kim Jong-il last week, but the risk of collapse is higher than before.

North Korea appears to be making an orderly transition after the death of leader Kim Jong-il last week but the risk of collapse is higher than before.

Standard & Poor’s cut its unsolicited ratings on Italy by one notch on Tuesday, a move that sharply increases strains on the debt-stressed eurozone.

Europe’s aviation regulator said fire from an oil leak was the likely cause of last week’s engine failure of a Qantas A380 plane.