Australia cuts interest rate to 2%

Central bank faces difficult balancing act to stimulate growth

Brussels slashes Greece growth forecast

Commission warns political turmoil weighs on economic outlook

Foreign investors snap up £28bn of UK debt

Appetite for gilts comes despite uncertainty over election outcome

End to reduced VAT rates sparks welfare debate

Policy experts turn to sales tax as efficient way of raising cash

Republicans push Obama on TPP vote

Trans-Pacific Partnership would be biggest trade deal in decades

Greeks denounce austerity in May Day rally

Varoufakis mingles with protesters opposed to bailout terms

UK factories suffer slower April growth

Figures highlight struggle to rebalance the economy

Japan edges back from brink of deflation

Core inflation rises above zero as unemployment falls

Church blacklists coal and tar sands

Church to sell £12m of holdings to send signal on climate change

ECB’s Irish aid ‘totally unprecedented’

Ex-central banker in sometimes testy exchanges at Dublin inquiry

Puerto Rico bonds slide as tax law fails

Financial warning over debts that have soared to more than $70bn

Silicon Valley braced for EU scrutiny

All tech groups dominant in their sectors could face probe

Greece struggles to make pension payments

Athens meets domestic obligations amid international stand-off

Saudis burn through foreign reserves

King Salman funds public sector salaries and large-scale projects

Strange case of Oaktree and Iran military

Swoop on Maersk Tigris is harsh lesson for private equity

California raises hopes for climate talks

State’s tough new emissions targets will help US meet goal

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