steep | Common News Update

Jul32020 by adminNo Comments

Coronavirus slump in business activity levels off but jobs in ‘steep decline’

Business

A closely-watched gauge of business activity has pointed to a levelling off following the coronavirus slump but a continuing surge in unemployment.A day before the re-opening of the hospitality sector in England, the IHS Markit/CIPS UK Services Purchasing Managers' Index (PMI) for June showed a third of businesses in the powerhouse sector reporting a drop in output. That was an improvement on 54% the previous month as lockdown restrictions started to ease from the hibernation forced on firms since March. ...

Dow is set for steep triple-digit losses at the open amid rising global tensions

Finance

U.S. stock futures pointed to a deeply negative open Tuesday morning, with global markets on edge amid geopolitical tensions surrounding Saudi Arabia. Dow futures around 5:30 a.m. ET, indicated a negative open of more than 330 points. Futures on the S&P 500 and the Nasdaq also fell sharply. Investor focus is largely attuned to developments in Saudi Arabia, after the country confirmed Jamal Khashoggi, a journalist and critic of the Saudi regime, was killed in the country's consulate in Istanbul, Turkey. European and Asian shares retreated on Tuesday as sentiment sour...

Qatar row: Arab states send list of steep demands

World

Four Arab states have sent Qatar a list of 13 demands it must meet if it wants them to lift their sanctions.Saudi Arabia, Egypt, the United Arab Emirates and Bahrain are asking the Gulf state to shut down its broadcaster, Al Jazeera.They are also asking Qatar to reduce ties with Iran and close a Turkish military base - all within 10 days.Qatar, which sought to raise its profile in recent years, denies funding terrorism and fostering instability. It has been subjected to more than two weeks of unprecedented diplomatic and economic sanctions, in the worst political crisis among Gulf countries in decades. Qatar crisis deepens as Gulf allies dig inWhy Qatar is the focus of terrorism claimsFive surprising facts about QatarThere was no immediate response from Qatar but Foreign Minister Sheikh Mo...