Ships blocked after US oil spill

California 'faces budget crisis'
California Governor Arnold Schwarzenegger declares a fiscal emergency, ordering lawmakers to fix a huge budget gap.

Sales growth slows down at Tesco
Growth in UK sales, excluding new stores and petrol sales, slows down to 2% as Tesco pays the price for its discount brands.

Producer prices fall in eurozone
Eurozone producer prices fell 0.6% during October, raising hopes for an interest rate cut by the European Central Bank (ECB).

Ethiopia starts coffee exchange
Ethiopia, Africa's largest coffee producer, starts trading the crop on a national commodity exchange.

Pound struggles after sharp fall
Sterling slips again against the US dollar after a massive fall on Monday - the largest in percentage terms since 1992.