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Economy BBC

New bid to agree world trade deal
Ministers gather in Geneva for a further round of WTO talks in a bid to agree a way ahead for a global trade deal.

Iraq oil output hits a new high
Iraqi oil production rises to 2.5 million barrels per day, its highest level since 2003's US-led invasion.

Ofgem plans big energy upgrade
UK energy regulator Ofgem urges gas and electricity network operators to invest £4bn in the next five years.

US home sales defy pressures
Sales of new homes in the US are stronger-than-expected in May, as the property market shows continued resilience.

Minister backs Bank of Japan boss
A Japanese minister rejects calls for the Bank of Japan's governor to quit, saying it could hurt the economy.

US backs secret money tracking
US officials defend a secret programme to track international money transactions.

Polish finance minister dismissed
Polish Finance Minister Zyta Gilowska is dismissed amid claims she lied about her communist past.

CBI says education still failing
The UK education system is continuing to fail business, says outgoing CBI boss Sir Digby Jones.


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