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Economics News

• Oil price hits yet another record
  Oil prices continue to climb with US light crude at a record closing price and London Brent above $146.
• Eurozone rates increase to 4.25%
  Interest rates in eurozone countries increase for the first time in 12 months in a bid to combat inflation.
• Vodafone in Ghana mobile deal
  Mobile provider Vodafone is to expand its presence in Africa by buying a majority stake in Ghana Telecom for£452m.
• US loses 62,000 jobs during June
  US firms cut jobs for a sixth month in June, stoking fears the world's largest economy is heading for a recession.
• Five to face Concorde crash trial
  A US airline and five people are to be tried for manslaughter over the 2000 Concorde crash, French judicial officials say.