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Economy BBC

Wage rises spark US spending jump
US consumer spending in April grew at its fastest pace since January, official figures show, buoyed by rising salaries.

State pension age to rise to 68
The government proposes raising the state pension age to 68 from 2044 but restoring the link to earnings.

Palestinian jobless rate 'rising'
Unemployment is rife in the Palestinian territories, an International Labour Organization report says.

Japanese prices continue to rise
Japanese consumer prices continue to rise, underlining optimism that the economy has shaken off deflation.

Africa 'must up corruption fight'
Africa needs to "go on the offensive" against corruption, says the head of the African Development Bank.

First cargo from Caspian pipeline
The first oil from a $4bn pipeline between Azerbaijan and Turkey is set to be loaded onto a tanker this weekend.

US growth roars ahead
The US economy grew by a revised 5.3% in the first quarter of 2006, its fastest rate since 2003.

Exports rise fuels Japan recovery
Japanese exports rose 11% in April, the latest indication that the country's economic recovery is continuing.


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