News Headlines - 19 June 2012

▽G20 leaders: action needed on eurozone - Channel 4 News

Pressure grows on European countries at the G20 summit in Mexico to find a resolution to what the head of one international organisation described as "the single biggest risk for the world economy".

▽Spain's Borrowing Costs Surge - WSJ.com

Spain, on the edge of losing debt market access, paid around 2 percentage points more in interest rates Tuesday than a month ago to lure investors to its Treasury bill sale, an ominous sign ahead of a critical government bond auction Thursday.

▽Inflation drops to 2.8% as oil prices slide | guardian.co.uk

Inflation has slipped to its lowest level in two and a half years, in a rare piece of good news for Britain's recession-hit households. The Office for National Statistics said the annual inflation rate, measured on the consumer price index, slipped to 2.8% last month from 3% in April, as falling oil prices fed through to cheaper petrol at the pump.

▽BBC News - Rio+20: Prince Charles in climate change warning

The Prince of Wales has warned of the "catastrophic" consequences of inaction on issues such as climate change, at a UN sustainability conference in Brazil.

▽▽Japanese authorities sat on data showing radiation spread | Reuters

Japanese authorities failed to disclose U.S. data about the spread of radiation spewing from a crippled nuclear plant last year, a cabinet minister said on Tuesday, leaving some evacuees fleeing in the same direction as the radioactive emissions.