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Economy grows at fastest pace for 25 months in January

Economy grows at fastest pace for 25 months in January

Business
By James Sillars, business reporter UK economic growth surged to 0.5% in January, according to official figures which smashed economists' expectations.The Office for National Statistics (ONS) said it was the biggest increase in monthly output since December 2016 but cautioned that growth in the three months to January remained static at 0.2%. The figures showed 0.3% growth for the crucial services sector, which accounts for more than three-quarters of total UK output, following a disappointing contraction of 0.2% in December as consumers checked spending in the run-up to Christmas. ...
Wages rise at fastest pace for decade

Wages rise at fastest pace for decade

Business
Wages are continuing to rise at their highest level for nearly a decade as Brexit nears, official Office for National Statistics figures show.Average weekly earnings, excluding bonuses, went up by 3.3% in the three months to October, the biggest rise since November 2008.It follows a 3.2% rise in wages last month compared with the previous year.The number of people in work rose by 79,000 to a record high of 32.48 million in the period.That is the highest figure since records began in 1971.Unemployment also increased by 20,000 to 1.38 million, although the total is still lower than a year ago.The reason both employment and unemployment have increased is a result of the UK's rising population and more people joining the labour force, such as students and old...
Astronomers measure fastest non-lethal stellar blast in history

Astronomers measure fastest non-lethal stellar blast in history

Science
Aug. 2 (UPI) -- New measurements of Eta Carinae suggest the star system produced the fastest non-lethal stellar blast in history. Though the famed binary star system Eta Carinae exploded 170 years ago, scientists are still able to study the blast by measuring its light echoes. Light echoes are produced by light energy produced by stellar events bounce off and become redirected by distant gas clouds. Light echoes produced by the massive Eta Carinae -- witnessed by astronomers and laypeople alike during the mid-1800s -- continue to redirect toward Earth, allowing scientists to peer back into the annals of cosmic history. "A light echo is the next best thing to time travel," Nathan Smith, an astronomer at the University of Arizona, said in a news release. "That's why light echoes are so beau...
Fastest manmade spinning object to aid quantum mechanics science

Fastest manmade spinning object to aid quantum mechanics science

Science
July 20 (UPI) -- The creators of the world's fastest manmade rotor believe their invention will boost the study of quantum mechanism, the branch of physic devoted to the behavior of subatomic particles. The new rotor can spin at a rate of 60 billion revolutions per minute. Most airplane turbines top out at 3,000 revolutions per minute. Scientists described their impressive new device this week in the journal Physical Review Letters. "This study has many applications, including material science," Tongcang Li, an assistant professor of physics and astronomy at Purdue University, said in a news release. "We can study the extreme conditions different materials can survive in." The rotor is composed of a tiny silica dumbbell. Scientists used a laser to levitate the dumbbell inside a vacuum. T...
European Union grows at fastest pace for 10 years

European Union grows at fastest pace for 10 years

Business
The European Union economy grew at its fastest pace in a decade last year, figures from the EU statistics office Eurostat have confirmed.The 28-strong EU expanded by 2.5% in 2017, its strongest performance since 2007, when it grew by 2.7%.In the final three months both the EU and the 19-nation eurozone grew by 0.6% compared with the previous quarter.That was mirrored by growth in the EU's biggest economy, Germany, which grew by 0.6% in the final quarter of 2017.France also expanded by 0.6%, while Spanish growth was a notch stronger at 0.7%.Overall in 2017, the eurozone grew by 2.5%, Eurostat said, the fastest growth rate since a 3% rise in 2007.These latest figures confirm the flash estimates published by Eurostat at the end of January, which were based on more limited data. Investec eco...