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Economy BBC

US shares up while market jitters
US shares finish ahead while European markets slide further amid concerns about inflationary pressures.

Bank appointee quizzed on rates
The US academic named as the latest member of the UK's interest rate-setting panel appears before MPs.

UK business investment rises
UK business investment rose by 1.7 % in the first quarter of 2006, and is up 2.8% on the same time in 2006.

Shock at rising US homes sales
A rise in the number of new homes sold in the US surprises economists, as demand for durables slides.

'Naive' Met Office took £4.5m hit
The Met Office lost £4.5m in a "naive and amateurish" attempt to sell weather forecasts, it has emerged.

US not worried over oil threats
The US energy secretary is bullish about how the country would cope if Venezuela or Iran cut oil supplies.

OECD fears Europe growth risk
The eurozone stands to suffer most if there is a sudden unfolding of global economic imbalances, the OECD warns.

Italian public debt 'a disaster'
A member of Italy's new government describes the country's large public deficit as a "disaster".


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