United Kingdom

China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report

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

U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated

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

U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares

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

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

$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

U.K.’s GDP growth to remain sluggish at 0.4 percent in 2024: OECD

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

FDI into U.K.’s financial services sector declines 50 percent: Report

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

U.K. retail sales slide to lowest since 2020 in April

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

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

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 faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President

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

British housing market sees 0.2 percent price drop, 9.2 percent rent surge amid shifting rate outlook

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

U.K. inflation slows to 3.2 percent, sparking rate cut speculations

U.K. inflation slows to 3.2 percent, sparking rate cut speculations

Investors lower expectations for the scale and timing of future rate cuts

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

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

U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations

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