The International Energy Agency is lowering its forecast for oil market growth in 2008 due to the current state of the global economy. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7342155.stm
The EU has assessed a 3.5 million pound (roughly $7 million) penalty against the UK Treasury for inappropriately classifying certain types of cakes when applying the VAT to them. See http://news.bbc.co.uk/go/em/fr/-/2/hi/europe/7340101.stm
In a follow-up to a prior posting, a French energy company has indicated that it is also interested in bidding for control of British Energy - a nuclear energy corporation. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7342130.stm
GE has announced that its quarterly profits have declined. See http://www.iht.com/articles/2008/04/11/business/ge.php
This article outlines the measures which the G7 have adopted in order to stem the global credit crunch. See http://news.bbc.co.uk/go/em/fr/-/2/hi/business/7342419.stm
This article discusses claims by the Cuban press that additional economic reforms in Cuba will occur in the immediate future. See http://news.bbc.co.uk/go/em/fr/-/2/hi/americas/7343883.stm