Six foreign-owned textile factories have closed in Lesotho, leaving 6,650 garment workers jobless, union officers told the AP news agency.…
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‘Strong dollar’ call halts slide
The US dollar’s slide against the euro and yen has halted after US Treasury Secretary John Snow said a strong…
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US trade deficit widens sharply
The gap between US exports and imports has widened to more than $60bn (£31.7bn), an all-time record. Figures from the…
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MCI shares climb on takeover bid
Shares in US phone company MCI have risen on speculation that it is in takeover talks. The Wall Street Journal…
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GM pays $2bn to evade Fiat buyout
General Motors of the US is to pay Fiat 1.55bn euros ($2bn; £1.1bn) to get out of a deal which…
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Oil companies get Russian setback
International oil and mining companies have reacted cautiously to Russia’s decision to bar foreign firms from natural resource tenders in…
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Why few targets are better than many
The economic targets set out at the Lisbon summit of European Union leaders in 2000 were meant to help Europe…
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Gold falls on IMF sale concerns
The price of gold has fallen after the International Monetary Fund (IMF) said it will look at ways of using…
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Go-ahead for Balkan oil pipeline
Albania, Bulgaria and Macedonia has given the go ahead for the construction of a $1.2bn oil pipeline that will pass…
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No seasonal lift for house market
A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage…
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