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Economy BBC

Petrol prices hit US production
US industrial output falls unexpectedly in May, as rising petrol prices hit consumer demand for new cars.

Bush warns against protectionism
The US president warns against protectionism and says "tough decisions" must be made on trade talks.

World Cup deters German shoppers
The first week of the World Cup sees the number of German shoppers fall by nearly a fifth.

Slovenia to get euro green light
European Union leaders are expected to confirm Slovenia's adoption of the euro during a two-day summit in Brussels.

Warmer weather boosts UK retail
Warmer weather boosts sales of clothing in May while electrical goods retailers get a pre-World Cup boost.

Eurozone inflation edges higher
Expensive oil imports push up eurozone inflation, reinforcing the European Central Bank's move to raise interest rates.

China's investment boom worries
Chinese investment surges in the past five months, suggesting Beijing is failing to cool its rampant economy.

Storm subsides on world markets
Global markets pause for breath, with sentiment buoyed by US gains, after the recent global sell-off.


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