The US has cut Swaziland from a lucrative duty-free trade programme because of concerns about crackdowns on peaceful demonstrations and poor protection of workers' rights.
Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a US federal court has decided not to let the payment go through.
An estimated 40,000 public servants hired by the Palestinian group Hamas have gone on strike in the Gaza Strip.
The US economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.
Nigerians affected by two major oil spills in the country in 2008 have rejected an offer by the Royal Dutch Shell for a compensation of up to $51m.
Standard & Poor's has cut Argentina's credit rating, saying the country was more likely to default after the US Supreme Court rejected its appeal to avoid paying certain bond investors.
General Motors has recalled 3.36 million North American cars with ignition switches that can be jarred out of the "run" position, potentially affecting power steering, power brakes and air bags.
Ukraine's energy minister says Russia has cut off all natural gas supplies to his country, adding however that he guarantees reliable gas flows will continue to Russia's European clients who get imports through pipelines via Ukraine.
The US Federal Aviation Administration (FAA) has allowed the oil company BP to use drones over US territory, the first time the agency has granted permission for commercial drone flights.
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|Allen L. Jasson|
|William A. Cook|