BEIJING — Chinese artificial intelligence startup Moonshot is aiming for a valuation of about £7.9 billion (US$10 billion) as it…
Category: Economy
UK Jobless Rate Climbs to Five-Year High at 5.2% Amid Sluggish Economy
LONDON — Britain’s unemployment rate climbed to 5.2% in the final quarter of 2025, marking its highest level in five…
G7 Pushes to Break China’s Grip on Critical Minerals at Toronto Summit
Industrialised nations will use this week’s G7 energy ministers gathering in Toronto to accelerate plans for a coordinated strategy on…
ECB Set to Pause Rate Moves Again as Inflation Stays Tame
The European Central Bank is widely expected to keep interest rates unchanged for a third consecutive meeting on Thursday, signalling…
London Faces Severe Transport Disruption as Tube Workers Launch Five-Day Strike
LONDON: Millions of commuters and businesses across London are bracing for a week of disruption as workers on the London…
Sterling Holds Steady as Gilt Sell-Off Shows Signs of Easing
LONDON – The pound steadied on Friday after a turbulent week that underscored investor anxiety over the UK’s fiscal outlook,…
UK Green‑lights £38 Billion Sizewell C Nuclear Plant to Secure Future Energy
LONDON, July 22 — The UK government has granted final investment approval for the £38 billion Sizewell C nuclear power station,…
UK inflation rockets in April
The office for national statistics said inflation leapt to 3.5% in April from 2.6% in March, the highest reading since…
UK economy grew more quickly than forecast in early 2025
LONDON- Britain’s economy unexpectedly grew in March to push up output over the first quarter of 2025 by the most…
UK Public Finances Under Severe Strain Amid Mounting Borrowing Crisis
The UK’s economic outlook has taken a sharp turn for the worse, with newly released figures showing a dramatic overshoot…