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G7 leaders to hold emergency conference call

Jun 5, 2012
Finance ministers from the world's seven leading industrialized nations are holding an emergency conference call today to discuss the eurozone crisis.
Posted In: Europe debt crisis, G7
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Solutions for Spanish banking crisis dwindle

May 31, 2012
Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.
Posted In: spain, bankia, ECB, Europe debt crisis
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Will China undertake a new fiscal stimulus?

May 30, 2012
World financial markets have been see-sawing in recent days amid talk China may or may not give an extra stimulus to its economy. China, the world's second largest economy, growth was running near 9 percent last year.
Posted In: China, economic stimulus
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Euro banking union could reduce Spanish burden

May 30, 2012
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Posted In: Europe debt crisis, spain, Germany, European Commission
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China and Japan cut out the middleman

May 29, 2012
China and Japan move to trade each other's currencies directly, without using the U.S. dollar to set the exchange rate. The change is a new step toward a world where the dollar is not last word in global currencies.
Posted In: yuan, yen, dollar, China, Japan
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Olive oil price hits 10-year low

May 28, 2012
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
Posted In: spain, italy, Greece, olive oil, Food
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New Zealand: First smoke-free country?

May 25, 2012
This week New Zealand announced the price on cigarettes will rise by 40 percent over the next four years -- to more than $15 U.S. a pack -- as part of an effort to eliminate smoking in New Zealand completely by 2025.
Posted In: New Zealand, cigarettes, smoking
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Earthquake halts cheese production in Italy

May 24, 2012
People in northern Italy are still dealing with the aftermath of the earthquake this week that killed seven. It struck hardest in some of Italy's richest farmland and ten percent of the world's supply of Parmesan has been affected.
Posted In: Food, cheese, italy
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Euro leaders plan for Greece to 'divorce' the euro

May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: Greece, euro, Europe debt crisis
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SpaceX launch could pave way for private sector funding

May 22, 2012
The private company SpaceX today launched an unmanned rocket into space this morning, carrying cargo for the international space station.
Posted In: space, NASA, private sector

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A collection of world economic and business stories in collaboration with the BBC.

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Attack of the shrimp (prices)

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