World Economy

European inflation revised up to 3.7 per cent

Berlin - European EconomyAnnual inflation in the 15-mem

Food crisis focus of delegates at economic forum in Malaysia

Kuala Lumpur - Business leaders and government ministers called Monday for international action on soaring food prices at an economic forum in Malaysia's capital while governments were blamed for c

German companies grow pessimistic ahout outlook, survey shows

Berlin - Surging energy costs, the strong euro and a sense of growing uncertainty among consumers have combined to undercut the mood among German companies, a survey released Monday showed.

President Lee Myung Bak calls for cooperation to combat price increases

Seoul - South Korean President Lee Myung Bak

G8 finance ministers continue talks on oil, commodity prices

Osaka, Japan  - The finance ministers of the world's seven richest states and Russia on Saturday continued their meeting in Japan, as inflation woes threatened to sideline climate change, developme

US inflation at 0.6 per cent in May

Washington - US consumer prices rose at a seasonally- adjusted 0.6 per cent in May, up from 0.2 per cent in the previous month, the US Labour Department said Friday.

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