Economy News

China's exports see big increase

China's exports surged 46% in February, figures show, raising hopes of a strong recovery in global trade. full story.

Insurers 'face $7bn Chile bill'

The earthquake in Chile may cost the global insurance industry as much as $7bn (£4.7bn), Swiss Re estimates. full story.

Airlines offer to give up slots

British Airways, American Airlines and Iberia offer to give up take off and landing slots in London and New York, say EU watchdogs. full story.

German exports fall unexpectedly

German exports fell unexpectedly in January, with analysts saying that the cold weather that month was to blame. full story.

EMI names ex-ITV boss as chairman

Troubled record company EMI - whose artists include Coldplay - has named former ITV boss Charles Allen as its new chairman. full story.

Oil price fall hits Tullow profit

Oil firm Tullow says profits for 2009 fell by 93% but it is optimistic after major new discoveries in Uganda and Ghana. full story.

Cathay Pacific returns to profit

Cathay Pacific reports a return to full-year profit as cost cutting and bets on the price of fuel pay off. full story.

Obama backs Greece on speculators

President Barack Obama has 'responded positively' to calls to clamp down on market speculators, says the Greek PM after talks. full story.

BA strike action talks under way

Talks aimed at averting strike action by BA cabin crew are continuing at the TUC, after a deadline was extended. full story.

UK bank fraud 'moves to internet'

Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests. full story.

Photographer Annie Leibovitz snaps up debt rescue deal

Photographer Annie Leibovitz does a deal with Colony Capital to clear huge debts that meant she may have lost her library of famous pictures. full story.

Toyota rejects electronics fears

Toyota rejects claims that faulty electronics could be behind its worldwide recall of more than eight million cars. full story.

Car sales see continued recovery

UK car sales in February were up by 26.4% compared with the same month last year, industry figures show. full story.