Saturday, February 4News That Matters
Shadow

Tag: Worst

Brazil: Amazon sees worst deforestation levels in 15 years

Brazil: Amazon sees worst deforestation levels in 15 years

Science
AFPDeforestation in Brazil's Amazon rainforest has hit its highest level in over 15 years, official data shows. A report by Brazil's space research agency (Inpe) found that deforestation increased by 22% in a year. Brazil was among a number of nations who promised to end and reverse deforestation by 2030 during the COP26 climate summit. The Amazon is home to about three million species of plants and animals, and one million indigenous people. It is a vital carbon store that slows down the pace of global warming. According to the latest data, some 13,235 sq km (5110 sq miles) was lost during the 2020-21 period, the highest amount since 2006. Environment Minister Joaquim Leite said the data represents a "challenge" and said: "We have to be more forceful in relation to these crimes." He added...
Covid: UK death rate ‘no longer Europe’s worst’ by winter

Covid: UK death rate ‘no longer Europe’s worst’ by winter

Health
Getty ImagesThe UK death rate during the second wave of the pandemic was not the worst in Europe - but it remained one of the 10 worst-affected countries.By the end of June 2020, the UK had the highest excess mortality in Europe, according to figures from the ONS. But by December it had been overtaken by Poland, Spain, Belgium, Bulgaria, the Czech Republic and Slovenia.Nevertheless, the UK had one of the highest excess death rates among people under the age of 65 in 2020 at 7.7%. Excess mortality is the number of deaths by any cause that happen over and above the average for that time of year.Meanwhile, the government's separate daily UK coronavirus figures show the number of deaths within 28 days of a positive coronavirus test are continuing to fall. On Friday, the UK reported a further 1...
The worst GDP since the invention of GDP. The question is, what happens next?

The worst GDP since the invention of GDP. The question is, what happens next?

Business
The worst GDP since the invention of GDP.By now we're mostly all familiar with the scale of the economic contraction this country has faced over the past year. We have lived the lockdowns, the furloughs, the closures. Even so, the scale of the fall in economic output still takes the breath away. Not since this statistic, gross domestic product, was invented in the 1930s, not since the official UK estimates of it began a couple of decades later, not in living memory has it fallen as much as this - 9.9% in a single year.Indeed, if you look back through historic figures compiled by the Bank of England this was narrowly worse than the 9.7% fall in 1921 and only outdone by the collapse during the Great Frost of 1709. ...

UK suffers worst annual slump since 1709

Finance
A man wearing a mask as a preventive measure against the spread of Covid-19 walks in London.May James | SOPA Images | LightRocket via Getty ImagesLONDON — The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since records began, as the coronavirus pandemic ravaged economic activity.In the final quarter of the year, gross domestic product (GDP) grew by 1%, according to the Office for National Statistics, as the country re-imposed nationwide lockdown measures in a bid to combat a resurgence of Covid-19 cases.The 9.9% annual contraction is more than twice that seen in 2009 in the aftermath of the global financial crisis.Economists polled by Refinitiv had expected an 8% annual decline, in 2020 with a fourth-quarter expansion of 0.5%. This follows a revised 16.1% rebound ...
Markets finish worst week since October

Markets finish worst week since October

Business
Jan. 29 (UPI) -- The Dow Jones Industrial Average lost more than 2% by the close of trade Friday, closing out the worst week for the index since October. All three major U.S. stock indexes fell by more than 3% for the week amid market volatility related to the trading of shares in businesses such as GameStop and AMC. Advertisement Investors drove up the prices of the companies' shares this week in an attempt to undermine hedge fund efforts to short the stocks. Stocks for GameStop fluctuated between $ 483 and $ 112 Thursday. The Dow fell below 30,000 for the first time since mid-December, losing 3.28% for the week. The S&P 500 closed at 3,714, dropping nearly 2% Friday and the Nasdaq Composite closed at 12,070, falling 2%. All three indexes dropped more than 3% for the week. Shares of ...