Shoppers take a break in front of a department store in London on Thursday. Associated Press
British retail sales rebounded much more strongly than expected last month as the country gradually relaxed its coronavirus lockdown, but public borrowing hit a record high and debt passed 100% of economic output.
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.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.
Japan and Britain signed a free trade agreement on Friday, the the first such major post-Brexit deal, reducing tariffs on goods as well as auto parts for Japan’s Nissan plant.
Dubai is an exceptional city where the infrastructure and high-quality logistics services are the best of its kind in the region, as well as the most advanced infrastructure communication and technology networks, which give Dubai a competitive edge.
AIM Digital, the first digital edition of the Annual Investment Meeting, the world’s leading investment platform, concluded on a high note as it showcased major activities highlighting its six pillars, namely, Foreign Direct Investment,