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Growth figures show UK economy struggling before virus lockdown

Growth figures show UK economy struggling before virus lockdown

Business
The UK economy grew 0.1% overall in the three months to February - a worrying picture of the situation before the coronavirus lockdown.GDP figures from the Office for National Statistics also show the economy contracted 0.1% during February, following gains in December and January. The figures will be concerning as they show the economy was already struggling ahead of the restrictions put in place to limit the spread of COVID-19, the illness caused by the coronavirus. The measures were implemented in mid-March and included the closure of non-essential businesses and people being told to stay home aside from a few exceptions.This has left many businesses and workers struggling, and economists are forecasting a severe recession. ...
Premier League could resume before virus restrictions are lifted – Southampton chief

Premier League could resume before virus restrictions are lifted – Southampton chief

Sports
Southampton's chief executive has suggested Premier League matches could be on television every day while people are still confined to their homes because of the coronavirus outbreak.Martin Semmens says the return of the top flight - currently suspended until at least 30 April - would be "a sign that the country is coming back to normal" but it should not happen before it is safe."We have to do what is right and safe for the general public," he told BBC Radio Solent. "When everybody is safe and we're not using up NHS and police resources, the government would like us to get back to playing because we are entertainment and a sign that the country is coming back to normal."If people are home fo...
Valencia fans defy advice on coronavirus and show up in their thousands to support team before Champions League clash with Atalanta at the Mestalla

Valencia fans defy advice on coronavirus and show up in their thousands to support team before Champions League clash with Atalanta at the Mestalla

Sports
Valencia fans turned up in their thousands outside the Mestalla for the Spanish club’s Champions League clash with Atalanta on Tuesday night. Despite the last-16 second leg taking place behind closed doors due to the coronavirus outbreak, and Valencia’s 4-1 deficit form the first leg, supporters still gathered in huge numbers to support their team. AFP or licensors Valencia fans defied government advice Getty - Pool There was an incredible atmosphere outside the Mestalla The number of cases in Spain surpassed 1,000 by Tuesday morning, and Spanish authorities advised that football should be played with no spectators for a minimum of two weeks. Spain’s ministry of health warned against ‘large gatherings of fans’,
Climate change: UK ‘can’t go climate neutral before 2050’

Climate change: UK ‘can’t go climate neutral before 2050’

Science
The UK cannot go climate neutral much before 2050 unless people stop flying and eating red meat almost completely, a report says.But it warns that the British public do not look ready to take such steps and substantially change their lifestyle.The report challenges the views of campaign group Extinction Rebellion.It believes the UK target of climate neutrality by 2050 will result in harm to the climate.The claim comes from the government-funded research group Energy Systems Catapult, whose computer models are used by the Committee on Climate Change, which advises government.Its report says: "A number of groups have called for net zero to be accelerated to 2025, 2030 or 2040. "Achieving net zero significantly earlier than 2050 in ...
A full analysis of the market turmoil: What Wall Street pros are watching before jumping back in

A full analysis of the market turmoil: What Wall Street pros are watching before jumping back in

Finance
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020.Brendan McDermid | ReutersThe stock market has rushed with historic speed to an extreme place. This means, among plenty else, that the tape is becoming stressed and stretched in a way that tends to precede the kind of reflex rally that is sudden, powerful and probably untrustworthy.The damage toll from the 12% collapse in seven trading days is a litany of rarities. On the highest weekly volume in nearly a decade, the selling became indiscriminate and generated oversold readings for the record books. Fewer than 20 stocks in the S&P 500 are still above their 50-day average price.The broad Dow Jones Composite index went from a 52-week high to 52-week low in ten trading days, fast...