Iraq economic outlook 'improves'

US retail sales in surprise climb
US retail sales climb by 1% in May as consumers spend more than expected, boosting the economic outlook.

BBC uncovers lost Iraq billions
A BBC investigation estimates that about $23bn may have been lost, stolen or not properly accounted for in Iraq.

Oil hits $120 a barrel milestone
The price of oil rises above $120 for the first time, driven by concerns about supply threats in Nigeria and Iraq.

Strike to close key oil pipeline
The Forties oil pipeline which provides a third of the UK's daily oil output is to close as a result of the Grangemouth dispute.

US economic outlook 'worsening'
US economic conditions have worsened noticeably in the past six weeks, the Federal Reserve's Beige Book says.