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Tag Archives: Rising

Rising virus rates are threatening the economy, warns the bank

Image rights Getty Images The Bank of England has warned that the rising rate of coronavirus infections and the lack of clarity about the UK’s future trade relations with the EU could jeopardize economic recovery. Much of the production lost during the lockdown was said to have been restored, but the outlook remained “unusually uncertain”. The UK is still in …

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The IEA is cutting demand for 2020 amid rising coronavirus cases

Oil field workers with Wisco work on a pump jack in North Dakota, USA on November 6, 2013. Ken Cedeno | Corbis News | Getty Images LONDON – The International Energy Agency cut its forecast for 2020 oil demand growth on Tuesday, citing a “treacherous” path amid weaker market sentiment and a surge in coronavirus cases reported around the world. …

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Peloton’s sales are rising as the virus boosts home training

Image rights Getty Images Peloton, which gained a prominent following for its exercise bikes and remote workout courses early on, saw demand surge during the pandemic. The company’s global membership base stood at 3.1 million at the end of June, more than double a year earlier as the gym closures due to Covid-19 increased demand for home workouts. The rise …

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European stocks are rising and deviating from US tech fears

On July 31, 2020, a worker assembles VW ID.3 electric cars at the Volkswagen plant in Zwickau. Jens Schlueter / Getty Images European stocks rose on Monday, deviating from the US after a difficult week for markets. The Stoxx Europe 600 SXXP was down 1.9% last week. + 1.07% rose 1.1%, with automakers like Renault RNO + 2.94% and Volkswagen …

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The trade deficit is rising to a 12-year high, according to the government

The top headlines from Fox Business Flash are here. Check out what’s clicking on FoxBusiness.com. The U.S. trade deficit rose to $ 63.6 billion in July, a rate that has not been seen since the 2008 Great Recession. This emerges from data released by the Commerce Department on Thursday. Imports rose $ 22.7 billion since June, while exports rose only …

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Zoom stocks fell after rising 40% on Tuesday

Eric Yuan, founder and CEO of Zoom Video Communications Inc., speaks during the BoxWorks 2019 conference at the Moscone Center in San Francisco, California, the United States, on Thursday, October 3, 2019. Bloomberg Zoom shares fell more than 8% after opening Wednesday as investors likely took their profits from Tuesday’s share surge. The company’s video conferencing software stock rose 41% …

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Permanent layoffs are rising and things are going to get worse

Permanent job losses The new layoffs will be permanent. GM Resorts International and Stanley Black & Decker Inc. recently announced to some employees who were concerned about the start of the coronavirus pandemic that they would not be put back on the payroll. And companies bringing back the majority of workers on leave, including Yelp Inc. and Cheesecake Factory Inc., …

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