Marketplace®

Daily business news and economic stories
  • As the fate of Libya is still in the air, we talk to a BBC reporter on the ground. With Internet shut downs and numerous power outages occurring, Libyans are holding their breath for a resolution.

  • Prime Minister of Japan Naoto Kan will resign soon in the wake of ongoing economic woes for his country. But a tsunami and the Fukushima nuclear disaster are only partly to blame for the trouble.

  • President Chavez announced that the government of Venezuela will take over gold processing and production. The decision comes in part as a result of rising gold prices.

  • Pope Benedict XVI visits Spain today, touting an economic policy that focuses on people, not profits. The message could hit home for thousands of unemployed youths in Spain and beyond.

  • The Swiss franc is now worth so much that it threatens Swiss jobs. The Swiss government wants to do something about it, but Switzerland isn't the only country looking at using its currency as a weapon.

  • China holds $1 trillion in U.S. debt, and the Chinese government is looking for reassurances from Vice President Biden that the Obama administration has a plan to deal with economic uncertainty to keep that investment safe

  • Germany reported GDP growth of just 0.1 percent. That cast doubts on hopes that Germany would pull the rest of Europe off the brink of debt catastrophe.

  • Economic data today reveals Japanese manufacturers are recovering strongly. The BBC's Roland Buerk explains that after the March earthquake and tsunami, this revival is in part due to Japan's unique brand of cooperative capitalism.

  • Even though hundreds of factories across Japan were destroyed in the March earthquake and tsunami, manufacturing is recovering. Part of it comes from Japan's increasing investment in public reconstruction projects.

  • Hedge fund traders and even ordinary investors are short selling stocks to make a buck off the ups and downs in the markets

BBC World Service