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Economy BBC

Weak retail figures hit US shares
US retail sales missed targets in April as consumers reined in spending amid high fuel costs, sending stocks sharply down.

Eurozone growth picking up pace
Growth in the 12 nations sharing the single European currency picks up in the first three months of this year.

Supply fears push oil beyond $73
The price of oil tops $73 a barrel, amid fears that refinery maintenance could reduce petrol supply in the US.

Output rises for UK manufacturing
The UK's manufacturing sector has seen its biggest output rise in almost a year, says the Office for National Statistics.

Bolivia 'won't pay compensation'
Bolivia's President Evo Morales says foreign firms should not expect compensation for energy assets seized by the government.

Algeria to settle Paris Club debt
Algeria is to pay back its $8bn debt to the Paris Club group of rich creditor nations, helped by higher energy prices.

US competitiveness 'threatened'
Is the US government's penchant for borrowing making the country less competitive?

EU 'broke trade rules' on GM food
The EU acted illegally in blocking imports of genetically modified foods, according to a leaked World Trade Organization ruling.


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