News That Matters

Tag: 2019

Zero growth for UK economy in final three months of 2019

Zero growth for UK economy in final three months of 2019

Business
The UK economy flat-lined in the final three months of 2019, according to preliminary official figures.The Office for National Statistics (ONS) recorded output growth of 0% in the period compared to the previous three months as the country's political parties fought and held a bitter general election on the back of sustained parliamentary deadlock over Brexit. Growth in household spending of 0.1% was at its weakest in four years, the data showed, culminating in a largely miserable Christmas for the retail sector which banished economists' hopes for a post-election 'Boris bounce'.The zero growth rate followed 0.5% growth between July and September.It meant the economy grew by 1.4% during 2019 - slightly faster than the 1.3% achieved the previous year. ...
Millennials borrowed most for medical expenses, consumer durables in 2019: Report

Millennials borrowed most for medical expenses, consumer durables in 2019: Report

Finance
It is no secret that the millennial generation borrows a lot to fund their lifestyle needs. But what all do they borrow for? According to a report released by CASHe, a digital lending company, in 2019, millennials borrowed the most for medical expenses and to purchase consumer durables. According to the report, emergencies, like unforeseen medical expenses, is the reason why 37% of millennial customers resorted to lending - a sharp increase from 31% last year. Medical expenses were closely followed by loan foreclosure and holidays, the report stated. While 'emergencies' accounted for approximately 57% of the borrowing, 'aspirations' accounted for 43%. The report, 'The 2019 Millennial Loan-o-Nomics', analysed data of an active pool of over four lakh loan applications received from custome...
2019 was the second warmest on record, NASA and NOAA confirm

2019 was the second warmest on record, NASA and NOAA confirm

Science
Jan. 15 (UPI) -- Last year was the second warmest in recorded history, according to scientists as NASA and the National Oceanic and Atmospheric Administration. Every year, researchers at NASA and NOAA independently compile and process land and sea surface temperature data to produce an average global surface temperature. The statistical analysis and climate models deployed by each agency came to the same conclusion: 2019 was the second hottest in recorded history. Only 2016 was hotter. Scientists at NASA's Goddard Institute for Space Studies, GISS, determined 2019 was 1.8 degrees Fahrenheit, or 0.98 degrees Celsius, warmer than the mean temperature from 1951 to 1980. Climate scientists at NOAA calculated that 2019 was 1.71 degrees Fahrenheit, 0.95 degrees Celsius, warmer than the 20th-ce...
Sri Lanka elephants: ‘Record number’ of deaths in 2019

Sri Lanka elephants: ‘Record number’ of deaths in 2019

Science
A record number of elephants - 361 - have died in Sri Lanka during 2019, environmental groups say. It is highest figure of elephant deaths to be reported since Sri Lanka became independent in 1948, conservationists said. Most were killed by people.There are an estimated 7,500 wild elephants in Sri Lanka. Killing them is illegal, but the animals often come into conflict with rural communities. Elephants are revered in Sri Lanka but some farmers view them as pests. Sajeewa Chamikara, an environmentalist from the Movement for Land and Agricultural Reform, told the BBC that some 85% of elephant deaths last year may have been caused by human activity.He said communities had used electric fences, poison and explosives concealed as food...
Every Premier League club’s January 2019 transfers graded 12 months on, including Arsenal’s loan flop and Chelsea’s big money move

Every Premier League club’s January 2019 transfers graded 12 months on, including Arsenal’s loan flop and Chelsea’s big money move

Sports
The January transfer market is a notoriously difficult place to negotiate with teams often panic buying or paying over the odds out of desperation.Some teams do make the right decision, like Liverpool’s signing of Virgil van Dijk in 2018, but there are far more that get it wrong. Getty Images - Getty Christian Pulisic was signed by Chelsea last January but loaned straight back to Borussia Dortmund Last January saw a far more cautious approach from the top sides with only Chelsea spending money on a player, due to fears of an impending transfer ban that prevented them from signing players in the summer. The teams nearer the bottom of the table were more active in the transfer market. anf