US trade deficit reaches $63.5bn The US trade deficit reaches $63.5bn in April, on track for a record annual figure and driven by higher oil prices.
OECD says tariff cuts worth $44bn Cutting trade subsidies and tariffs in half could contribute an extra $44bn to the global economy, says the OECD.
Cautious optimism at G8 meeting G8 finance ministers say the global economy is strong but are concerned about high and volatile energy prices.
Zimbabwe's inflation soars Zimbabwe's inflation rate continues its upward trend, hitting 1,193.5%, making it ever harder for ordinary people to survive.
Pensions 'damaging UK growth' UK economic growth is being damaged by high workplace pension costs, an industry body has warned.
UK trade gap expands to £5.75bn The UK's trade gap widens to £5.75bn during April, as export levels fall, figures from the Office for National Statistics show.
G8 'failing to meet aid pledges' UK charity Oxfam says G8 countries are not meeting their promises to increase development aid to Africa.
