Staff at a shop selling luxury products in York, UK. Agence France-Presse
British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.
British retail sales beat expectations in September to cap a record quarter of growth that took total sales volumes further above their pre-pandemic level, but rising COVID cases risk crimping demand going forward.
British house prices rose in annual terms by more than 1% for the first time in 12 months in December, but uncertainty about Brexit is likely to weigh on the market again in 2020, mortgage lender Nationwide said.
Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter, as the CEO said the outlook remained “highly unpredictable”.
Russia’s central bank (CB) kept interest rates at a record low on Friday amid increased geopolitical risks but said there was room for lower rates as the COVID-19 pandemic situation was deteriorating.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.