BBC World Service - Most Recent
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.
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.
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.
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.
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.
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.
May 22, 2012
The private company SpaceX today launched an unmanned rocket into space this morning, carrying cargo for the international space station.
May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
May 17, 2012
German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.
May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.