| Eurozone retail sales post fall Retail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.  Rogue trades cost oil broker $10m A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades. Construction sees sharp slowdown The UK construction sector is expected to shrink by 16% in 2009, according to an industry body. Sahara gas pipeline gets go-ahead Nigeria, Niger and Algeria agree to build a multi-billion-dollar gas pipeline across the Sahara. US job losses worse than expected The number of jobs lost in the US last month came in at 467,000, which is much more than had been expected. News Wizard |