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Economy BBC

Shares slump across Europe and US
US and European shares fall sharply again as fears of higher interest rates continue to beset investors.

Unemployment at four-year high
The UK jobless total rises to 1.6m, putting the unemployment rate at 5.2%, the highest level since November 2002.

US price growth stokes rate fears
US consumer prices increase by more than expected in April, sparking speculation that interest rates may rise.

Bank split in three on rates vote
The Bank of England was split three ways on its May decision to keep interest rates at 4.5%, minutes reveal.

Venezuela ' oil currency swap'
Venezuela may price its oil exports in euros rather than dollars, president Hugo Chavez says.

Firms 'fuel illegal immigration'
Illegal immigration will never be stopped while UK business is making money out of it, says Labour's John Denham.

Poverty rate 'rose under Labour'
The Institute for Fiscal Studies says relative poverty in the UK may have risen - rather than fallen - since 1997.

Central Park to be wireless hub
New York announces plans to offer free wireless internet connections in Central Park from this summer.


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