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United Kingdom
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
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