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R number for UK below 1 for first time since August

R number for UK below 1 for first time since August

Health
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UK economy still 11.7% below pre-pandemic level in July – ONS

UK economy still 11.7% below pre-pandemic level in July – ONS

Business
The economy remained 11.7% below its coronavirus pandemic peak in July as the UK emerges from its sharpest recession on record, official figures show.The Office for National Statistics (ONS) reported gross domestic product (GDP) grew by 6.6% in the month as more parts of the economy awakened from the enforced hibernation of the COVID-19 lockdown. The deep sleep for activity sparked the largest recession in UK history in the second quarter of the year - a slump of 20.4% - driven by the first full month of COVID-19 restrictions in April. Month-on-month growth was recorded in May and in June.ONS director of economic statistics Darren Morgan said of July's growth: "While it has continued steadily on the path towards recovery, the UK economy still has to make up nearly...

Stocks making the biggest moves after hours: CrowdStrike, Five Below, PVH & more

Finance
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY.Gary Hershorn | Getty ImagesCheck out the companies making headlines after the bell: Five Below — Five Below shares rallied after the close of the regular session Wednesday evening after it said sales accelerated in the second quarter as it reopened stores. Its reopening efforts helped the company post a profit of 53 cents per share versus the 14 cents of income per share expected by FactSet estimates. Sales increased to $ 426.1 million from $ 417.4 million compared to the second quarter of 2019.CrowdStrike — Shares of CrowdStrike fell more than 4% in extended trading despite better-than-expected earnings and raising its financial outlook. The ...
US oil price plunges below zero for first time in history over coronavirus

US oil price plunges below zero for first time in history over coronavirus

Business
Oil prices in the US have crashed below zero for the first time in history as demand for energy plummeted due to the coronavirus pandemic.The historic fall was fuelled by traders not wanting to get stuck owning crude oil with nowhere to keep it. The dramatic decline in demand due to the COVID-19 crisis means storage facilities are nearly full. Tanks could hit their limits within three weeks, according to analysts.Naeem Aslam, of Avatrade, said in a report: "The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut." ...
More than 2,000 new flu cases reported, number of deaths remains below ‘epidemic threshold’

More than 2,000 new flu cases reported, number of deaths remains below ‘epidemic threshold’

Health
Dec. 2 (UPI) -- An increasing number of doctor visits across the country are linked with the flu -- a sign the 2019-20 season is officially underway. According to the U.S. Centers for Disease Control and Prevention's weekly FluView report, released Monday, 2.9 percent of all visits to healthcare providers across the country for the week ending Nov. 23 were related to influenza, up from 2.5 percent the previous week. Once again, seven states -- Alabama, Georgia, Louisiana, Mississippi, South Carolina, Tennessee and Texas -- and Puerto Rico reported high flu-related activity over the most recent week covered. Those same regions had reported high activity during the prior week. However, for the first time this flu season, an additional seven states -- Arkansas, Arizona, Connecticut, Nebrask...