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Economy BBC

Volatile day sees US stocks slide
Shares in the US, UK and Europe experience a day of turmoil following big losses on Wednesday.

UK retail sales show recovery
Retail sales rose 0.1% in the three months to April, driven by the non-food sector, according to official figures.

SA strike calls for job security
South Africa's biggest union alliance calls a general strike demanding secure jobs - but turn-out is patchy.

Russia wields oil weapon on WTO
Russia says that "discrimination" against it in WTO talks could undermine US firms' participation in new oil projects.

Indian shares suffer record drop
Shares on India's Bombay Stock Exchange suffer their biggest one day fall in value in its history.

US shoppers 'cut back for fuel'
Three out of four US consumers say they are curbing spending because of the rising cost of petrol.

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

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


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