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United Kingdom
Economy
U.K. manufacturing activity grows in June, input cost inflation at 17-month high: PMI
Tight supply lines, higher import costs and freight issues also contributed to higher purchase prices
Economy
U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?
This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts
Asia
China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
Economy
U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
Economy
U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
Economy
$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official
An Education Task Force will be also established to promote cooperation in higher education
Economy
U.K.’s GDP growth to remain sluggish at 0.4 percent in 2024: OECD
Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools
Banking & Finance
FDI into U.K.’s financial services sector declines 50 percent: Report
Asset management emerged as the sector attracting the largest sources of FDI
Economy
U.K. retail sales slide to lowest since 2020 in April
Economists attributed the sharp decline to the earlier timing of the Easter holidays this year
Economy
World Bank secures $11 billion backing for new financial instruments to boost lending capacity
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Africa
Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President
Adesina said the devastating African drought demands urgent, collective action to boost support and financing
Europe
British housing market sees 0.2 percent price drop, 9.2 percent rent surge amid shifting rate outlook
House prices show smallest drop in 8 months
Economy
U.K. inflation slows to 3.2 percent, sparking rate cut speculations
Investors lower expectations for the scale and timing of future rate cuts
Economy
IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
Economy
U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations
The unemployment rate in the country stood at 3.9 percent in the three months to January