Oil price jumps on Saudi air strikes
Saudi Arabia's air offensive on Houthi rebels in Yemen suddenly has oil markets jittery. Fears are rising the conflict could affect big producers. After a closer look, we ask New York correspondent Lars Halter why such a small country as Yemen is the center of such a drama over oil prices.
German consumer confidence soars
German consumer confidence has reached record levels. This is according to market research institute Gfk. A rise in domestic consumption may spur imports and push down Germany's export surplus.
Greece to tackle tax evasion
Greece's government is working on drawing up a list of reforms to present to its European creditors early next week. Athens is hoping to reach a deal with lenders to secure an extension on its bailout program. One key reform will likely be cracking down on tax evasion.
Beijing launches anti pollution drive
Asian powerhouse China has built a lot of its breathtaking growth on industries that pollute the air. Beijing is plagued by hazardous smog levels which at times reach 20 times the limit recommended by the World Health Organization. Beijing has now dispatched pollution inspectors to enforce tougher environmental standards.
EU milk quotas about to be lifted
In 1984 Europe introduced a quota system to deal with huge surpluses of milk. There simply wasn't enough demand to keep up with production then. Using quotas, EU officials were able to drain the milk lakes and demolish the butter mountains. Now at the end of this month the quota system will be history. Farmers can produce as much milk as they want.