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Economy BBC

US deficit eases as oil steadies
The US current account deficit narrows to $208.7bn in the first quarter, helped by steadier oil prices.

Russia sees WTO entry next month
Russian President Vladimir Putin voices optimism that its WTO membership will be finalised by the middle of July.

Poverty 'driving' benefit fraud
People working while claiming benefits do so often because they are in dire financial trouble, a study suggests.

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

World stock markets easing fears
Stock markets keep recovering after comments from US Fed boss Ben Bernanke ease inflation and growth fears.

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

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

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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