Rolling coverage of the latest economic and financial news Elsewhere this morning, WH Smith has said it wants to raise about £100m as the conflict in the Middle East starts to affect its profit. The high street retailer says it will place up to 26 million shares, or about 20% of its existing sha...
As conflict ripples through the Persian Gulf, Dubai’s dependence on trade and travel has become an economic vulnerability.
The worst-case oil scenario has been avoided, but inflation and slower growth continue to weigh on the global economy.
Global conflicts surged to the highest number tallied by Uppsala Conflict Data Program. Fatalities were the highest on record since 1994, with approximately 244,600 people killed in conflict in 2025.