Browsing: united kingdom

Global electric vehicle sales rose 9% year on year in July 2026 to 1.85 million units. Among key markets, Europe saw the most significant expansion in July. Sales of electric vehicles in the region surged 33% from the previous year to approximately 450,000 units. During the first seven months of 2026, European EV sales grew by 28%. Spain also launched its Auto+ electric vehicle subsidy program on Aug. 4, offering up to 4,500 euros toward qualifying new electric passenger cars.

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.

Private sector wage growth hits six year low in the UK as ONS reports falling vacancies and steady 4.9% unemployment. The post UK private sector wage growth falls below 3 percent threshold appeared first on Arabian Observer: Observe more. Understand Arabia..

UAE and UK officials reviewed regional security, maritime corridors, energy supplies and global trade during senior talks in London.

Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.

The Abu Dhabi meeting underscored UAE-UK coordination on regional security, shipping access, energy supplies and diplomatic de-escalation.

Bahrain and the UK said talks in Manama focused on regional tensions, Hormuz shipping, and the global economic risks tied to energy and trade flows.

The Abu Dhabi meeting focused on Gulf stability, maritime security, energy flows and deeper trade, investment and innovation ties between the UAE and UK.

ADB launched a $25 million trust fund to speed ASEAN power grid projects, backing cross-border energy links, grid upgrades and regional electricity trade.

China plans visa-free entry for British travelers for trips up to 30 days, the UK says, after Prime Minister Keir Starmer met President Xi Jinping in Beijing Friday.