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Economy BBC

EU strikes deal on service sector
EU ministers agree a draft deal on tearing down barriers to cross-border provision of services.

Indonesia vows to repay IMF debts
Indonesia says it will repay all of its $7.87bn (£4.2bn) debt to the International Monetary Fund by next year.

German consumer optimism surges
German consumers are more optimistic about the future, a report says, boding well for a continued economic recovery.

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.

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.

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.

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.


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