Browsing: London

The UK economy continues to avoid recession, although new forecasts indicate increasing pressure from global energy disruptions. EY increased its growth projection for 2026 to 0.9% from 0.8% in May and maintained its 2027 baseline at 1.2%. This forecast assumes the Strait of Hormuz will reopen by September, resulting in reduced tanker traffic. EY’s downside scenario estimates 0.5% growth this year and a 0.2% contraction in 2027.

Dubai rose to seventh in GFCI 39, its highest rank yet, as DIFC growth, deeper sector strength and D33 targets sharpen its place in global finance.

Dubai Aerospace Enterprise agreed to buy Macquarie AirFinance for about $7 billion in cash, creating a combined aircraft leasing fleet of 1,029 aircraft.

UN Secretary General António Guterres visited London to mark 80 years since the first UN General Assembly met in 1946, highlighting the body’s enduring role.

There will be more travel misery for passengers traveling by rail, tube, and bus in London as tens of thousands…