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US economy adds more jobs than expected

The US economy added 165,000 jobs for the month of April, exceeding expectations while driving down the unemployment rate to a four-year low of 7.5 percent.

Read more: US economy adds more jobs than expected

   

Bangladesh tragedy forces retail rethink

Western retailers have rushed to rethink brand strategies and address public concerns in the wake of the Bangladesh building collapse tragedy.

Read more: Bangladesh tragedy forces retail rethink

   

EU to shrink further into recession

IMF Managing Director Christine LagardeRecession in the crisis-hit eurozone will be deeper than expected for the rest of the year, with even some of Europe's biggest economies suffering from hardships.

Read more: EU to shrink further into recession

   

ECB cuts interest rates to record low

The European Central Bank has cut interest rates for the first time in 10 months, promising to provide as much liquidity as eurozone banks need well into next year and to help smaller companies get access to credit.

Read more: ECB cuts interest rates to record low

   

Mobile advertising rise fuels Facebook profit

Facebook's profits climbed 58 percent in the first quarter from a year ago to $217m, amid a surge in mobile advertising revenue.

Read more: Mobile advertising rise fuels Facebook profit

   

Mexican Senate approves telecoms-reform bill

Mexico's Senate has approved legislation to open up the telecommunications industry, a sector dominated by TV giant Televisa and the telephone company belonging to Carlos Slim, the world's richest man.

Read more: Mexican Senate approves telecoms-reform bill

   

Twitter warns media outlets against hacks

Twitter issued a warning to media organisations to improve the security of their tweeting procedures following several high profile hacks in recent weeks.

Read more: Twitter warns media outlets against hacks

   

Eurozone unemployment hits record

European unemployment has hit a new record and Moody's cut Slovenia's debt rating to junk status as German Chancellor Angela Merkel defended her crisis strategy, pushing for twin goals of fiscal rigour and growth.

Read more: Eurozone unemployment hits record

   

Crisis-hit France to slash defence jobs

France plans to cut nearly 10 percent of all jobs in the armed forces as it battles a financial crisis, according to a government review commission.

Read more: Crisis-hit France to slash defence jobs

   

Greece parliament approves job cuts

The Greek parliament has voted to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country's international creditors.

Read more: Greece parliament approves job cuts

   

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