United Kingdom

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
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

World Bank secures $11 billion backing for new financial instruments to boost lending capacity
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 faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President
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

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

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

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

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