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Tag: High

Nasa’s Osiris-Rex probe aims for daring ‘high five’ with asteroid Bennu

Nasa’s Osiris-Rex probe aims for daring ‘high five’ with asteroid Bennu

Science
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Unemployment hits three-year high amid most redundancies since 2009

Unemployment hits three-year high amid most redundancies since 2009

Business
Unemployment rose to a three-year high over the summer and there were more redundancies than any time since 2009, official figures show.The jobless rate climbed to a larger than expected 4.5% in the three months to August, up from 4.1% a month before, as the coronavirus crisis took a further toll on livelihoods. That was the highest since April 2017, while the total number of unemployed climbed by 138,000 to 1.52 million - also the highest since early 2017 - according to the Office for National Statistics (ONS). There were 227,000 redundancies in the period, the highest level since the financial crisis in 2009 and twice as many as in the same three months of last year.The ONS figures showed the number of people in employment fell by 153,000 in the three months to August, much more than...
Indian consumers brace for high inflation as they curb spending

Indian consumers brace for high inflation as they curb spending

Finance
Consumers in India expect inflation to remain high over the next year, further hindering their ability to spend at a time when confidence is at a record low because of job losses and wage cuts. Households’ median inflation expectations over a one-year period remained elevated at 10.3%, according to the latest survey from the Reserve Bank of India. A separate study showed consumer confidence, as measured by the current situation index, falling to an all-time low of 49.9 in September. The findings mirror a broader divergence between consumer and wholesale inflation in the economy. The latter reflects subdued factory gate prices because of a slump in demand amid the pandemic, while retail prices continue to surge above the central bank’s 2% to 6% target band because of supply side shocks and
House prices bounce back to new all-time high, figures show

House prices bounce back to new all-time high, figures show

Business
House prices have reached a new record high after bouncing back from falls earlier this year with the biggest rise since 2004 last month, according to figures from Nationwide.Prices rose by 2% in August compared to the previous month or 3.7% compared to a year ago, adding to evidence of a rapid recovery after coronavirus lockdown restrictions were eased. The figures came as house builder Barratt Homes reported a 46% slump in profits to £492m for the year to the end of June, which it blamed on "unprecedented disruption to sales".But it said it was now seeing "very strong consumer demand", with forward sales in more recent weeks ahead of the same time last year.
US stocks hit new high after coronavirus crash

US stocks hit new high after coronavirus crash

Business
A key US stock index has hit a new high despite ongoing worries about the sharp economic impact of the pandemic.The S&P 500, one of the widest and most prominent US market measures, inched higher on Tuesday to close at 3,389.78 - about three points above its 19 February record.Other US indexes have also rebounded.The Nasdaq hit another record after surpassing its prior high in June while the Dow Jones Industrial Average is within about 5% of its February record.US shares have been on an upward path since 23 March, when America's central bank announced a slew of unprecedented economic support measures. Trading: 'I didn't know I'd lose money so fast' US economy suffers sharpest contraction in decades But when the pandemic set i...