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BBC News - Economy

BBC News - Economy

  • Economy shrank more than thought The UK economy shrank by 0.3% in the first three months of the year, more than previously estimated, revised figures show.
  • Eurozone downturn 'accelerating' Activity at European businesses hits a near three-year low in May, according to the survey of purchasing managers by Markit.
  • US factory activity slows in May US manufacturing growth slowed in May, a survey indicates, while orders for long-lasting factory goods fall.
  • Chinese manufacturing 'declines' China's manufacturing activity contracted in May, a survey shows, indicating that the rate of growth in the economy is continuing to slow.
  • China seeks economic growth boost China says it will take measures to boost demand and sustain growth amid fears of a slowdown in its economy.
  • Free banking 'a dangerous myth' Free banking is a "dangerous myth", according to Andrew Bailey, who is due to become the chief regulator of the financial services industry.
  • Rinehart 'world's richest woman' Australia's mining magnate Gina Rinehart has become the world's richest woman with assets of $28bn, a respected business magazine says.
  • MSPs pass Scots booze price plan Scotland will become the first place in the UK to introduce minimum drink pricing, after MSPs passed the plan at parliament.
  • Solar feed-in tariff cut delayed The government delays the reduction in the subsidies on offer to homeowners who install solar panels to generate electricity.
  • EU 'wants Greece in the eurozone' EU leaders express support for keeping Greece in the eurozone while demanding that it stick with tough budget discipline.
  • Bank eyed case for more stimulus Bank of England policymakers voted by 8-1 this month against pumping more money into the economy, but the decision was "finely balanced" for some.
  • Big fall in April UK retail sales UK retail sales volumes fell sharply in April largely because of a record fall in petrol sales, according to official figures.
  • East Asia 'at risk' from eurozone The eurozone debt crisis could have a negative impact on growth of East Asian economies, the World Bank warns in its latest report.
  • India rupee falls to historic low The Indian rupee continues its downward slide of the past few days and hits an all-time low against the dollar.
  • Japan exports lower than forecast Japan's exports rise less-than-forecast in April hurt by a drop in shipments to China and Western Europe.
  • Euro 'threat' to global outlook A weak eurozone is the single biggest threat to the global economy, according to the Organisation for Economic Co-operation and Development.
  • Japan downgraded on debt concerns Japan's credit rating is downgraded by two levels by credit rating agency Fitch on concerns about the country's high levels of debt.
  • VIDEO: How can countries go bust? How can countries or governments go bust?
  • VIDEO: Why do banks go bust? We've all become acutely aware in recent years how easily a big bank can reach the point of collapse. But why does it happen?
  • VIDEO: What is the IMF? The International Monetary Fund touches a raw nerve in many developing countries, and is now doing the same in some European ones.
  • VIDEO: What is Quantitative Easing? Central banks, including the Bank of England / the US Federal Reserve, are using "quantitative easing" to bolster their economies, but what is it?
  • VIDEO: What is austerity? Greece provides a lesson in how raising taxes and cutting spending can be a painfully uphill, and even self-defeating, task.
  • VIDEO: What are bonds? When a government or a big company wants to borrow money, it issues what is known as a "bond" - but what exactly is it?
  • Is protectionism on the way back? Are free markets giving way to protectionism?
  • Greece: The upside of default Why a Greek default wouldn't spell the end of the world
  • London seeks lead role as China's currency goes global London seeks lead role as China currency goes global
  • What if Greece quits the euro? What happens if Greece quits the euro?
  • Viewpoint: Africa must do more to profit from China How Africa can make sure it profits from China
  • Euro fears on the streets of Spain Spain, feeling fragile, looks to Germany for help
  • The rise of underemployment The growing problem of underemployment
  • Why female unemployment has risen Why women's joblessness is rising faster than men's

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