World Economy

China's monthly inflation slows; food prices rise 20 per cent

Beijing  - Soaring food costs kept China's monthly consumer price inflation at close to 8 per cent in May, but a small decline from April was expected to continue for the next few months, the gover

French inflation at 17-year high

Paris - French consumer prices rose by 0.5 per cent in May, bringing year-on-year inflation to 3.5 per cent, the highest level since 1991, the government's statistical office INSEE said Wednesday.

Japan's current account surplus down 29.6 per cent in April

Tokyo  - Japan's April current account surplus made the largest fall in more than five years due to increasing imports, the Finance Ministry said Wednesday.

Japanese economic growth stronger than expected

Tokyo  - The Japanese economy grew more strongly than expected in the first quarter of 2008 after the government corrected its original annual growth figure for the world's second largest national

Oil prices jumps to top of G8 agenda

Oil prices jumps to top of G8 agendaBerlin  - The world's leading industr

Global slowdown and lower demand hit Finnair

Helsinki - The slowdown in the global economy contributed to a drop in the number of passengers who flew with Finnish carrier Finnair in May, the group said Tuesday.

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