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President Barack Obama has said he will unveil proposals next week aimed at spurring job growth in part through improvements in infrastructure.
India’s economy expanded by 7.7 percent between April and June,compared with the same period a year earlier, the weakest pace in 18 months.
Japanese factory output rose less than forecast in July and companies surveyed by the government said they expect production to dip next month.
The latest euro zone unemployment figures show 10 percent of the working population was without a job in July; that is up by 61,000 from June to 15.757 million. Spain recorded the worst unemployment level at 21.2 percent.
Around the world the hunt is on for forgotten bullion. The recent surge in the price of gold – up nearly a third this year – together with the slide back towards recession, has treasure hunters scouring their homes for hidden riches.
A fresh blow for BP in Russia as its Moscow office is raided by court officials looking for documents as part of a law suit over the collapse of its attempted Arctic oil exploration deal with state-controlled Rosneft.