Energy bills push up UK inflation Higher gas and electricity bills helped to push UK inflation up to 2.2% in May, official figures show.
Chinese shoppers bolster economy Chinese retail sales jump 14.2%, the fastest growth in a year and a half, in line with official efforts to boost consumption.
Price data hints at US inflation Core US producer prices rose by more than expected in May, figures show, indicating inflationary pressures remain.
Indian share prices hit new low Shares on India's benchmark Bombay Stock Exchange index fall to their lowest level this year.
IMF warns on world economy Global trade imbalances are one of the biggest threats to the world economy, the head of the IMF warns.
UK to support Islamic finance The UK can help promote the growth of the Islamic finance industry, Chancellor Gordon Brown says.
US continues global market slump Wall Street becomes the latest global market to suffer a sell-off as inflation and interest rate fears continue to bite.
China trade surplus at fresh high China reports a new record monthly trade surplus of $13bn in May, as its economy continues its rapid growth.
