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Economy BBC

World oil demand 'to rise by 37%'
World oil demand will increase 37% by 2030 as transport needs rise, says the Energy Information Administration.

UK budget deficit hits new record
The UK posts a record budget deficit in May, driven by higher government spending and lower corporate receipts.

World's wealthy hit new peak
The number of global millionaires rose 6.5% to nearly nine million last year, according to research.

Dry spell helps US house building
The number of new homes being built in the US grew by 5% in May after three months of declines, figures show.

Pension 'raid' demand for Brown
Gordon Brown is ordered to reveal the forecasts he was given about the impact of his pensions "grab" in 1997.

China to stem 'excessive' credit
China's central bank says it will stem the "excessive" growth of credit to stop the economy overheating.

GM Europe staff stage protests
Western European workers at General Motors pressurize the US carmaker over its threat to shut an assembly plant in Portugal.

India-China trade link to reopen
China and India sign an agreement to reopen an ancient trade route which was closed 44 years ago.


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