The Welsh Economy Slips, but London Cushions the Fall
The British government’s so-called money transfers prop up its poorer regions, keeping them from the kind of collapse suffered in euro zone nations like Greece.

When Twitter Blocks Tweets, It’s #Outrage
Twitter’s announcement that it would agree to block certain messages in countries where they were deemed illegal prompted outcry, argument and even calls for a boycott.

Carrefour Rethinks Its ‘Bigger Is Better’ Strategy
The French retailer is preparing to change leadership because of disappointing results from a move to increase store size amid the economic downturn.

Latin America Sees Own Past in West’s Economic Crises
After years of hearing lectures on fiscal prudence from the West, many in Latin America are left with bewilderment, and even a little schadenfreude, at the West’s problems.

Growth Accelerates, but U.S. Has Lots of Ground to Make Up
Whether the American economy, which grew last quarter at its fastest pace in a year and a half, can sustain that momentum is critical to millions of people out of work.

Fitch Downgrades Ratings of Italy and Other Countries
Citing near-term vulnerability, the agency lowered the credit ratings of Italy, Belgium, Cyprus, Slovenia and Spain and indicated there could be further cuts.

DealBook: Buzz on a Facebook I.P.O. Grows Louder
Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.

Spanish Unemployment Rate Rises to 22.8 Percent
The data show that the new government of Mariano Rajoy is struggling with an economy that is sliding toward recession.

New Fraud Investigation Group Issues Subpoenas to Financial Companies
Information is being sought from 11 financial companies related to their actions in the market for residential mortgage-backed securities.