Week Of Heat: These Major Temperature Records Were Shattered In Scorching Heat Waves

Coringsby in eastern England rose to 104.5 degrees (40.3C) Tuesday, obliterating the previous all-time record high in the United Kingdom of 101.7 degrees (38.7C) recorded in 2019.

Scotland and Wales also set their own all-time records during the early week heat wave, with Hawarden, Wales, hitting 98.8 degrees (37.1C) Monday and Floors Castle, Scotland, reaching 95.2 degrees (35.1) Tuesday.

Dublin set an all-time record high of 91.6 degrees (33.1C) Monday, which was the hottest temperature ever in Ireland during the month of July and the hottest recorded on the island since June of 1887.

Temperatures also rocketed across much of western continental Europe—Hamburg in northern Germany set an all-time record high of 104 degrees (40.1C) Wednesday, while Abed, Denmark hit 96.6 (35.9C), the hottest ever recorded in the country during July.

A separate heat wave in east Asia sent the mercury soaring there—Zhuoxi, Taiwan, hit 106 degrees Friday, setting a new record for the hottest temperature ever recorded on the island, while Sheng Shui in Hong Kong nearly reached 101 (38.2C), setting a record for the highest July temperature in Hong Kong.

The extreme heat in Europe has largely pushed to the eastern part of the continent, with Ljubljana, Slovenia—the country’s capital—rising to 100 (38C) Saturday, setting a new monthly record for the city.

The extreme heat wave in Europe was caused by a ridge of high pressure that slowly moved up from north Africa, causing stagnant air while suppressing winds and cloud development. Especially in the U.K., the infrastructure is ill-equipped to handle such significant heat, which led to numerous fires across parts of London while airport runways melted in the stifling conditions.

Climate experts say heat waves are among the most immediate and noticeable effects of climate change, and are likely to become more intense and more frequent in the future.It’s not clear at this point how many deaths will be attributed to the heat waves, but the number could be considerable. More than 2,000 deaths have been confirmed on the Iberian Peninsula alone from heat-related issues.

The U.S. also dealt with sweltering conditions this week, with more than 100 million Americans living in areas under heat alerts, but all-time records were not broken in most cases. Salt Lake City, however, tied its all-time record high Sunday, hitting 107 degrees.

I’m a New Orleans-based news reporter for Forbes covering politics, with a focus on former President Donald Trump. Previously, I wrote for The Times-Picayune

Source: Week Of Heat: These Major Temperature Records Were Shattered In Scorching Heat Waves

More contents:

U.K. Faces Hottest Day On Record As Weather Officials Issue Warning—Here’s Why It’s A Cause For Concern 

As The U.K. Burns In Extreme Heat, Where Is The Plan?

Heat Wave Watch: Here’s Where It Will Be Dangerously Hot In The U.S. This Week

Special rail cars absorb carbon dioxide when trains break and decelerate: New study Nature World News

11:37 Fri, 22 JulClimate Crisis Airlines

06:33 Sat, 23 JulClimate Crisis Temperature Records Severe Weather Events

18:01 Sat, 23 JulOil Canada Energy/Utilities

09:35Extinction Global Warming & Climate Change Nature

More Remote Working Apps:

https://quintexcapital.com/?ref=arminham     Quintex Capital

https://www.genesis-mining.com/a/2535466   Genesis Mining

 http://www.bevtraders.com/?ref=arminham   BevTraders

https://www.litefinance.com/?uid=929237543  LiteTrading

https://alpariforex.org/fa/registration/?cpa_partner_id=13687690   Alpari Forex Trading

https://dealcheck.io?fp_ref=armin16   Dealcheck Real Estate Evaluator

https://jvz8.com/c/202927/369164  prime stocks

 https://jvz1.com/c/202927/373449  forrk   

https://jvz3.com/c/202927/194909  keysearch  

 https://jvz4.com/c/202927/296191  gluten free   

https://jvz1.com/c/202927/286851  diet fitness diabetes  

https://jvz8.com/c/202927/213027  writing job  

 https://jvz6.com/c/202927/108695  postradamus

https://jvz1.com/c/202927/372094  stoodaio

 https://jvz4.com/c/202927/358049  profile mate  

 https://jvz6.com/c/202927/279944  senuke  

 https://jvz8.com/c/202927/54245   asin   

https://jvz8.com/c/202927/370227  appimize

 https://jvz8.com/c/202927/376524  super backdrop

 https://jvz6.com/c/202927/302715  audiencetoolkit

 https://jvz1.com/c/202927/375487  4brandcommercial

https://jvz2.com/c/202927/375358  talkingfaces

 https://jvz6.com/c/202927/375706  socifeed

 https://jvz2.com/c/202927/184902  gaming jobs

 https://jvz6.com/c/202927/88118   backlinkindexer

 https://jvz1.com/c/202927/376361  powrsuite  

https://jvz3.com/c/202927/370472  tubeserp  

https://jvz4.com/c/202927/343405  PR Rage  

https://jvz6.com/c/202927/371547  design beast  

https://jvz3.com/c/202927/376879  commission smasher

 https://jvz2.com/c/202927/376925  MT4Code System

https://jvz6.com/c/202927/375959  viral dash

https://jvz1.com/c/202927/376527  coursova

 https://jvz4.com/c/202927/144349  fanpage

https://jvz1.com/c/202927/376877  forex expert  

https://jvz6.com/c/202927/374258  appointomatic

https://jvz2.com/c/202927/377003  woocommerce

https://jvz6.com/c/202927/377005  domainname

 https://jvz8.com/c/202927/376842  maxslides

https://jvz8.com/c/202927/376381  ada leadz

https://jvz2.com/c/202927/333637  eyeslick

https://jvz1.com/c/202927/376986  creaitecontentcreator

https://jvz4.com/c/202927/376095  vidcentric

https://jvz1.com/c/202927/374965  studioninja

https://jvz6.com/c/202927/374934  marketingblocks

https://jvz3.com/c/202927/372682  clipsreel  

https://jvz2.com/c/202927/372916  VideoEnginePro

https://jvz1.com/c/202927/144577  BarclaysForexExpert

https://jvz8.com/c/202927/370806  Clientfinda

https://jvz3.com/c/202927/375550  Talkingfaces

https://jvz1.com/c/202927/370769  IMSyndicator

https://jvz6.com/c/202927/283867  SqribbleEbook

https://jvz8.com/c/202927/376524  superbackdrop

https://jvz8.com/c/202927/376849  VirtualReel

https://jvz2.com/c/202927/369837  MarketPresso

https://jvz1.com/c/202927/342854  voiceBuddy

https://jvz6.com/c/202927/377211  tubeTargeter

https://jvz6.com/c/202927/377557  InstantWebsiteBundle

https://jvz6.com/c/202927/368736  soronity

https://jvz2.com/c/202927/337292  DFY Suite 3.0 Agency+ information

https://jvz8.com/c/202927/291061  VideoRobot Enterprise

https://jvz8.com/c/202927/327447  Klippyo Kreators

https://jvz8.com/c/202927/324615  ChatterPal Commercial

https://jvz8.com/c/202927/299907  WP GDPR Fix Elite Unltd Sites

https://jvz8.com/c/202927/328172  EngagerMate

https://jvz3.com/c/202927/342585  VidSnatcher Commercial

https://jvz3.com/c/202927/292919  myMailIt

https://jvz3.com/c/202927/320972  Storymate Luxury Edition

https://jvz2.com/c/202927/320466  iTraffic X – Platinum Edition

https://jvz2.com/c/202927/330783  Content Gorilla One-time

https://jvz2.com/c/202927/301402  Push Button Traffic 3.0 – Brand New

https://jvz2.com/c/202927/321987  SociCake Commercial

https://jvz2.com/c/202927/289944  The Internet Marketing

 https://jvz2.com/c/202927/297271  Designa Suite License

https://jvz2.com/c/202927/310335  XFUNNELS FE Commercial 

https://jvz2.com/c/202927/291955  ShopABot

https://jvz2.com/c/202927/312692  Inboxr

https://jvz2.com/c/202927/343635  MediaCloudPro 2.0 – Agency

 https://jvz2.com/c/202927/353558  MyTrafficJacker 2.0 Pro+

https://jvz2.com/c/202927/365061  AIWA Commercial

https://jvz2.com/c/202927/357201  Toon Video Maker Premium

https://jvz2.com/c/202927/351754  Steven Alvey’s Signature Series

https://jvz2.com/c/202927/344541  Fade To Black

https://jvz2.com/c/202927/290487  Adsense Machine

https://jvz2.com/c/202927/315596  Diddly Pay’s DLCM DFY Club

https://jvz2.com/c/202927/355249  CourseReel Professional

https://jvz2.com/c/202927/309649  SociJam System

https://jvz2.com/c/202927/263380  360Apps Certification

 https://jvz2.com/c/202927/359468  LocalAgencyBox

https://jvz2.com/c/202927/377557  Instant Website Bundle

https://jvz2.com/c/202927/377194  GMB Magic Content

https://jvz2.com/c/202927/376962  PlayerNeos VR

https://jvz8.com/c/202927/381812/  BrandElevate Bundle information

https://jvz4.com/c/202927/381807/ BrandElevate Ultimate

https://jvz2.com/c/202927/381556/ WowBackgraounds Plus

https://jvz4.com/c/202927/381689/  Your3DPal Ultimate

https://jvz2.com/c/202927/380877/  BigAudio Club Fast Pass

https://jvz3.com/c/202927/379998/ Podcast Masterclass

https://jvz3.com/c/202927/366537/  VideoGameSuite Exclusive

https://jvz8.com/c/202927/381148/ AffiliateMatic

https://jvzoo.com/c/202927/381179  YTSuite Advanced

https://jvz1.com/c/202927/381749/  Xinemax 2.0 Commercial

https://jvzoo.com/c/202927/382455  Living An Intentional Life

https://jvzoo.com/c/202927/381812  BrandElevate Bundle

https://jvzoo.com/c/202927/381935 Ezy MultiStores

https://jvz2.com/c/202927/381194/  DFY Suite 4.0 Agency

https://jvzoo.com/c/202927/381761  ReVideo

https://jvz4.com/c/202927/381976/  AppOwls Bundle

https://jvz8.com/c/202927/381950/  TrafficForU

https://jvz3.com/c/202927/381615/  WOW Backgrounds 2.0

https://jvz4.com/c/202927/381560   ALL-in-One HD Stock Bundle

https://jvz6.com/c/202927/382326/   Viddeyo Bundle

https://jvz8.com/c/202927/381617/  The Forex Joustar

https://jvz3.com/c/202927/383751/ ADA Web Accessibility Compliance 

https://jvz3.com/c/202927/383942/  10 Bold Actions In Positive Life & Work

https://jvz3.com/c/202927/383706/  Adtivate Agency

https://jvz1.com/c/202927/384099/   My Passive Income Blueprints

https://jvz3.com/c/202927/329145/  Content Tool Kit

https://jvz6.com/c/202927/382663/    ReviewReel

https://jvz3.com/c/202927/383940/    QR Verse Bundle

https://jvz4.com/c/202927/379307/    VIADZ Ad Template

https://jvz2.com/c/202927/383051/    EngageYard Ad Creator

https://jvz4.com/c/202927/381011/   Videevolve

https://jvz4.com/c/202927/383751/  Local Leader Bundle

https://jvz8.com/c/202927/383119/   Tonai Voice Content

https://jvz2.com/c/202927/383848/   Vocalic Commercial

https://jvz3.com/c/202927/383483/  Dropshiply Store Creator

https://jvz6.com/c/202927/384025/  Levidio Royal Podcasting

https://jvz6.com/c/202927/383094/  Develop Self Empowerment

https://jvz1.com/c/202927/379223/   Hostley Domain Creator

https://jvz6.com/c/202927/383447/   Mech Forex Robot

https://jvz4.com/c/202927/383177/   Motion Kingdom Studio

https://jvz8.com/c/202927/144577/   Forex Blizz Trading

https://jvz3.com/c/202927/382851/  AdRaven

https://jvz2.com/c/202927/383307/   Animaxime V2

https://jvz8.com/c/202927/375692/  Promovidz Promotion Videos

https://jvz3.com/c/202927/381148/  AffiliateMatic

https://jvz4.com/c/202927/379051/  CanvaKitz Business Templates

 

.

 

Asia Stocks Extend Losses As Ukraine War, China’s Covid Cases Hit Sentiment

Hong Kong’s Hang Seng Index remained mired in negative territory Tuesday, dropping 4% following an almost 5% selloff a day earlier. Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years that could come this week.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.97%, led by pronounced weakness in Chinese stocks. The index is down 8.2% so far this month. Global oil prices fell overnight as prospects of talks between Russia and Ukraine reaching some kind of resolution eased immediate concerns about energy supply disruption.

Those losses extended into the Asian session, however, the investor focus had shifted to the demand side, with China’s new wave of COVID-19 infections casting a cloud over the outlook for the world’s second-largest economy. More broadly, a lack of major progress seen in Ukraine-Russia talks on Monday added to the nervousness in equity markets while concerns are now growing about the potential for new tensions between China and United States.

Washington has warned Beijing against providing military or financial help to Moscow after its invasion of Ukraine, as sanctions on Russian political and business leaders mount. “The question we are asking is whether the markets have reached peak bearishness,” said Jack Siu, Credit Suisse’s chief investment officer for Greater China.

“We know there has been a lot of bad news, there could be worse to come, stock prices have fallen substantially and there is no clarity on any resolutions from U.S. regulators towards Chinese listed stocks there.” Hong Kong’s Hang Seng Index remained mired in negative territory Tuesday, dropping 4% following an almost 5% selloff a day earlier. Hong Kong’s main board is down 17% so far in March.

The city’s tech index has been hammered, falling nearly 30% this month as investors worry about the next regulatory crackdown from U.S. and Chinese authorities on the sector.

China’s CSI300 index was down 1.78%, pushing its losses for the month out to 11.2%. Australian shares closed down 0.73%. Shrugging off the weakness in Asia, however, stock futures for the S&P 500 rose 0.21% while Tokyo’s Nikkei Index reversed its losses and was marginally higher, up 0.22%.

Adding to the overall negative sentiment for markets are rising case numbers of COVID-19 in China, which investors fear will hurt the mainland’s economic growth in the first quarter.

China on Tuesday reported 3,602 new confirmed coronavirus cases compared with 1,437 on Monday. During the Asian session, U.S. crude slipped a further 5.2% to $97.66 a barrel. Brent crude was down 5.16% to $101.37 per barrel.

“Right now everyone is looking at the Chinese cases and realising that has to have an effect on production,” said Hong Hao, BOCOM International’s head of research.

“China’s growth in the first quarter could be closer to zero than 5.5%. There’s a ripple effect. There’s Ukraine, the risk of U.S. sanctions on China and rising Chinese domestic COVID cases – it does not look good.” Investor focus is also on the U.S Federal Reserve, which meets on Wednesday and is expected to hike interest rates for the first time in three years to offset rising inflation.

Also read:

Asian shares slip, dollar firms ahead of key US inflation data, amid Covid

Asian stocks firm after Wall Street rout, but Omicron variant risks loom

Asian shares advance, dollar soft as markets decide Omicron fallout limited

Asian shares steady, but set for weekly losses as global growth fears nag

Asian shares rise, break 5-day edge as China cuts key mortgage rate

Wall Street experienced a mixed session, with declining technology companies prompting most indexes to close lower Monday. The yield on the benchmark 10-year Treasury notes rose to 2.1384%.

The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 1.865%, up from 1.849%. Gold was also weaker in Asia with the spot price at $1,932.1 per ounce.

(Reporting by Scott Murdoch in Sydney; editing by Sam Holmes)

Source: Asia stocks extend losses as Ukraine war, China’s Covid cases hit sentiment | Business Standard News

.

More Contents:

Wall Street heads for gains after world shares sink, oil falls about 8%

Russia-Ukraine crisis: Euro rises on hopes of progress in peace talks

UK govt bans luxury exports to Russia, imposes high tariffs on vodka

Sri Lanka seeks IMF help as FM leaves for India to sign $1 bn bailout deal

Russia’s misadventure in Ukraine sets off European re-armament

Massive demand, supply, price upcycle await Mumbai’s real estate: Report

Auditing officers lose adjudicating notice power under GST system

Moscow Stock Exchange will not resume trading next week: Russian bank

Sanctions on Russia an opportunity to internationalise rupee: SBI report

Plastic nationalism: Can India really shelve Visa and Mastercard for RuPay

KYC-AML rule breach led to lens on Paytm Payments Bank: Sources

Investors rush for TCS buyback: Should you join the bandwagon?

We now understand things we must correct: Paytm Payments Bank chairman

Tata Consultancy Services’ $50-billion goal below its growth standards

.

More Remote Working Apps:

https://quintexcapital.com/?ref=arminham     Quintex Capital

https://www.genesis-mining.com/a/2535466   Genesis Mining

http://www.bevtraders.com/?ref=arminham   BevTraders

https://jvz8.com/c/202927/369164  prime stocks

https://jvz3.com/c/202927/361015  content gorilla

https://jvz8.com/c/202927/366443  stock rush

https://jvz1.com/c/202927/373449  forrk

https://jvz3.com/c/202927/194909  keysearch

https://jvz4.com/c/202927/296191  gluten free

https://jvz1.com/c/202927/286851  diet fitness diabetes

https://jvz8.com/c/202927/213027  writing job

https://jvz6.com/c/202927/108695  postradamus

https://jvz1.com/c/202927/372094  stoodaio

https://jvz4.com/c/202927/358049  profile mate

https://jvz6.com/c/202927/279944  senuke

https://jvz8.com/c/202927/54245   asin

https://jvz8.com/c/202927/370227  appimize

https://jvz8.com/c/202927/376524  super backdrop

https://jvz6.com/c/202927/302715  audiencetoolkit

https://jvz1.com/c/202927/375487  4brandcommercial

https://jvz2.com/c/202927/375358  talkingfaces

https://jvz6.com/c/202927/375706  socifeed

https://jvz2.com/c/202927/184902  gaming jobs

https://jvz6.com/c/202927/88118   backlink indexer

https://jvz1.com/c/202927/376361  powrsuite

https://jvz3.com/c/202927/370472  tubeserp

https://jvz4.com/c/202927/343405  PR Rage

https://jvz6.com/c/202927/371547  design beast

https://jvz3.com/c/202927/376879  commission smasher

https://jvz2.com/c/202927/376925  MT4Code System

https://jvz6.com/c/202927/375959  viral dash

https://jvz1.com/c/202927/376527  coursova

https://jvz4.com/c/202927/144349  fanpage

https://jvz1.com/c/202927/376877  forex expert

https://jvz6.com/c/202927/374258  appointomatic

https://jvz2.com/c/202927/377003  woocommerce

https://jvz6.com/c/202927/377005  domainname marketing 

https://jvz8.com/c/202927/376842  maxslides

https://jvz8.com/c/202927/376381  ada leadz

https://jvz2.com/c/202927/333637  eyeslick

https://jvz1.com/c/202927/376986  creaite contentcreator

https://jvz4.com/c/202927/376095  vidcentric

https://jvz1.com/c/202927/374965  studioninja

https://jvz6.com/c/202927/374934  marketingblocks

https://jvz3.com/c/202927/372682  clipsreel

https://jvz2.com/c/202927/372916  VideoEnginePro

https://jvz1.com/c/202927/144577  BarclaysForexExpert

https://jvz8.com/c/202927/370806  Clientfinda

https://jvz3.com/c/202927/375550  Talkingfaces

https://jvz1.com/c/202927/370769  IMSyndicator

https://jvz6.com/c/202927/283867  SqribbleEbook

https://jvz8.com/c/202927/376524  superbackdrop

https://jvz8.com/c/202927/376849  VirtualReel

https://jvz2.com/c/202927/369837  MarketPresso

https://jvz1.com/c/202927/342854  voiceBuddy

https://jvz6.com/c/202927/377211  tubeTargeter

https://jvz6.com/c/202927/377557  InstantWebsiteBundle

https://jvz6.com/c/202927/368736  soronity

https://jvz2.com/c/202927/337292  DFY Suite 3.0 Agency+ information

https://jvz8.com/c/202927/291061  VideoRobot Enterprise

https://jvz8.com/c/202927/327447  Klippyo Kreators

https://jvz8.com/c/202927/324615  ChatterPal Commercial

https://jvz8.com/c/202927/299907  WP GDPR Fix Elite Unltd Sites

https://jvz8.com/c/202927/328172  EngagerMate

https://jvz3.com/c/202927/342585  VidSnatcher Commercial

https://jvz3.com/c/202927/292919  myMailIt

https://jvz3.com/c/202927/320972  Storymate Luxury Edition

https://jvz2.com/c/202927/320466  iTraffic X – Platinum Edition

https://jvz2.com/c/202927/330783  Content Gorilla One-time

https://jvz2.com/c/202927/301402  Push Button Traffic 3.0 – Brand New

https://jvz2.com/c/202927/321987  SociCake Commercial

https://jvz2.com/c/202927/289944  The Internet Marketing Newsletter PLR Monthly Membership

https://jvz2.com/c/202927/297271  Designa Suite License

https://jvz2.com/c/202927/310335  XFUNNELS FE Commercial Drag-n-Drop Page Editor

https://jvz2.com/c/202927/291955  ShopABot

https://jvz2.com/c/202927/312692  Inboxr

https://jvz2.com/c/202927/343635  MediaCloudPro 2.0 – Agency Rights

https://jvz2.com/c/202927/353558  MyTrafficJacker 2.0 Pro+

https://jvz2.com/c/202927/365061  AIWA Commercial

https://jvz2.com/c/202927/357201  Toon Video Maker Premium

https://jvz2.com/c/202927/351754  Steven Alvey’s Signature Series 3rd Installment

https://jvz2.com/c/202927/344541  Fade To Black

https://jvz2.com/c/202927/290487  Adsense Machine

https://jvz2.com/c/202927/315596  Diddly Pay’s DLCM DFY Club

https://jvz2.com/c/202927/355249  CourseReel Professional

https://jvz2.com/c/202927/309649  SociJam System

https://jvz2.com/c/202927/263380  360Apps Certification Masterclass

https://jvz2.com/c/202927/359468  LocalAgencyBox

https://jvz2.com/c/202927/377557  Instant Website Bundle

https://jvz2.com/c/202927/377194  GMB Magic Content

https://jvz2.com/c/202927/376962  PlayerNeos VR

US Stocks Mixed Monday As Investors Deal With Reality of Upcoming Higher Fed Rates

U.S. stocks were trading mostly lower early Monday morning after climbing Friday buoyed by strong earnings from Apple and other big companies. The S&P 500 and Dow Jones Industrial Average snapped a three-week losing streak.

Wall Street’s benchmark S&P 500 index rose 2.4% on Friday, giving major indexes their biggest gains this year.

Investors have been rattled by the Federal Reserve’s decision to try to cool inflation by accelerating plans to raise interest rates and wind down bond purchases and other stimulus that is boosting stock prices.

“Prospects of rising rates and shrinking global liquidity compressed within a much shorter time-frame brings with it appreciable risks of unsettling markets,” Vishnu Varathan of Mizuho Bank said in a report.

On Friday, the S&P 500 rose to 4,431.85 for its biggest gain since June 2020. The Dow Jones Industrial Average added 1.7% to 34,725.47. The Nasdaq composite jumped 3.1% to 13,770.57.

In this photo provided by the New York Stock Exchange, traders James Riley and Ashley Lara work on the floor Friday, Nov. 20, 2020. U.S. stocks were trading mostly higher early Monday morning after climbing Friday buoyed by strong earnings from Apple

Asian stocks followed Wall Street higher Monday at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday.

Benchmarks in Tokyo and Hong Kong advanced while Sydney declined. Markets in mainland China, South Korea and Taiwan were closed. Hong Kong and Southeast Asia were due to close later in the week.

The Nikkei 225 in Tokyo rose 1.2% to 27,028.84 after the government reported December retail sales fell 1% from the previous month’s 2 1/2-year high. That was driven by a 4% fall in food purchases.

The Hang Seng gained 1.1% to 23,802.26 and Sydney’s S&P-ASX 200 shed 0.2% to 6,971.60.

India’s Sensex opened up 1.3% at 57,960.41. New Zealand and Southeast Asian markets gained. The major cryptocurrencies – Bitcoin, Ethereum and Dogecoin were all down hours before the opening bell on Wall Street.

In energy markets, benchmark U.S. crude gained $1.01 to $87.85 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 21 cents on Friday to $86.82. Brent crude, the price basis for international oils, added $1.01 to $89.53 per barrel in London. It advanced 69 cents the previous session to $90.03.

The dollar gained to 115.41 yen from Friday’s 115.23 yen. The euro rose to $1.1166 from $1.1146.

Source: US stocks mixed Monday as investors deal with reality of upcoming higher Fed rates | Fox Business

.

Critics:

US stocks ended higher Monday after suffering staggering losses earlier in the session, with investors staging a rally after early concerns around the Federal Reserve ‘s policy meeting set to kick off on Tuesday. 

The S&P 500 dropped briefly into a correction, down more than 10% from its all-time high, but ended higher almost 0.3%. The Dow Jones Industrial Average at one point fell by more than 1,000 and the Nasdaq Composite had logged a 4% loss

“Investors may have gotten a bit too pessimistic about the growth outlook,” said Ed Moya, senior market analyst at Oanda, in a note. 

According to Moya, investors may have been reacting to the prospect that the Fed hikes by 50 basis points at its March meeting, higher than the 25 basis points most have been anticipating. 

Here’s where US indexes stood at 4:00 p.m. on Monday:   

More contents:

How Empathetic Culture Drives Startup Development

Empathy is often viewed as a form of compassion or something that makes individuals feel good about themselves rather than a means of making policies. After two years of struggling against employee burnout caused by the pandemic, empathy is becoming increasingly important in corporate culture.

The fuzziness of home and work life has been one of the major challenges, leading to a rise in loneliness and depression. Startups, predominantly owned and run by young people, are demanded to be the leading example of companies that humanize their employees. So, how can empathetic culture drive startup development?

Why Empathetic Culture?

COVID-19 has tested everyone’s endurance. Businesses are losing talent in vast numbers either due to layoff or voluntary resignation. Many employees are emotionally and physically weary, resulting in workplace burnout, a WHO-defined syndrome defined as continuous job stress that has not been effectively handled. According to the Harvard Business Review, the duty to address burnout has been passed from the individuals to the corporation.

Lack of boundaries, increased financial stress, and concerns about job security have all contributed to a drop in mental health and anxiety. In a global survey conducted by Qualtrics, two-fifths of respondents (41.6%) claimed their mental health has deteriorated since the onset of COVID-19, while 57.2% indicated increased woe.

Increase Employee Engagement

Do you know that empathetic leaders tend to have positive impacts for employees in terms of engagement? This is why the empathetic culture needs to be implemented top down. According to recent research by Catalyst, 61% of respondents with highly empathetic senior leaders report being inventive at work either frequently or always, compared to those with less empathetic ones.

Meanwhile, 76% of those who work with highly empathetic senior leaders say they are engaged, unlike 32% of people who work with less empathetic bosses. These findings have underlined that empathy can be a key strategy for responding to crises, development, and a crucial factor for creating inclusive places of work in which everyone can connect, contribute, and succeed, not merely as a business strategy.

Read Also: What Do Successful Startups Have in Common

If you’re looking to embrace empathy in your startup culture, here’s how to do it right:

Have the Right Mindset

The first step in implementing a culture of empathy in your startup starts with the right mindset. This means that everyone should be on the same boat when it comes to realizing the importance of having an empathetic culture. As a leader, you can clarify some common misunderstandings about empathy, such as empathetic culture being only a gimmick. Clearly show that you are committed to empathy through your actions as a leader. If employees see you actualizing a culture of sympathy, they will come to the right mindset on how important this is.

Utilize Data to Track Progresses

Now that digitalization is inseparable from business operation, why not use it to enhance empathetic culture at your startup? You can track employees’ progresses and bottlenecks using a series of data-driven metrics. Data is essential for empathy since it allows you to identify any empathy gaps and potentials. The implementation of empathy may be broken down into smaller pieces: empowerment, value, belonging, reassurance, honesty, cooperation, and ethics.

Doing this can make arranging metrics easier. If you are distributing an employee survey, make sure it includes clear questions regarding empathy and this is to be done regularly instead of semiannually or annually.

Keep it Simple but Significant 

Empathy is not always about large movements; but rather a series of small-scale compassion and understanding approaches or low-cost, high-impact activities. For example, if you are financially earning more than your employees, you can casually buy them a few pans of pizza when the monthly salary payment is still far ahead.

This small gesture shows an empathy that those who earn more actually care about those who earn less without looking too intimidating, thanks to the magic of food. Aside from activities that involve money, caring is a form of empathy as well. Making a unique greeting card for employees during their birthdays and sending it to the teamwork group so others can say congratulations can be one of the simplest, no cost gestures.

Caring for the people in your startup should be a priority. Mental health, stress, and burnout are collective responsibilities for the company to deal with, thus  empathetic culture is about caring and making it actionable for everyone. Failure to use empathy results in less creativity, lesser engagement, and lower loyalty, which can be the start of a downfall. After all, business development can be easier to achieve when the people in it are happily engaged.

Source: How Empathetic Culture Drives Startup Development – StartUpJobs Asia Blog

.

Related Contents:

Economy Week Ahead: Inflation, Jobless Claims, Retail Sales

The outlook for the global economy darkened as a stream of data from Europe and Asia suggested growth faltered in the third quarter, hobbled by world-wide supply-chain snarls, sharply accelerating inflation and the impact of the highly contagious Delta variant.

U.S. inflation accelerated last month and remained at its highest rate in over a decade, with price increases from pandemic-related labor and materials shortages rippling through the economy from a year earlier.

The Labor Department said last month’s consumer-price index, which measures what consumers pay for goods and services, rose by 5.4%

The gap between yields on shorter- and longer-term Treasury’s narrowed Wednesday after data showed inflation accelerated slightly in September, fueled by investors’ bets that the Federal Reserve may need to tighten monetary policy sooner than expected. Measures of inflation in China and the U.S. highlight this week’s economic data.

China’s exports, long a growth engine for the country’s economy, are expected to increase 21% from a year earlier in September, according to economists polled by The Wall Street Journal. That is down from a 25.6% gain in August. Meanwhile, inbound shipments are forecast to rise 19.1% from a year earlier, retreating from the 33.1% jump in August.

The International Monetary Fund releases its World Economic Outlook report during annual meetings. The latest forecasts are likely to underscore the relatively quick economic rebound of advanced economies alongside a slower recovery in developing nations with less access to Covid-19 vaccines.

China’s factory-gate prices for September are expected to surge 10.4% from a year earlier, a pace that would surpass its previous peak in 2008, according to economists polled by The Wall Street Journal. Higher commodity costs have led to the rise in producer prices this year, but so far that hasn’t fed through to consumer inflation. Economists forecast the consumer-price index rose only 0.7% from a year earlier in September.

September’s U.S. consumer-price index is expected to show inflation remained elevated as companies passed along higher costs for materials and labor. Rising energy prices likely contributed to the headline CPI, while core prices, which exclude food and energy, might start to reflect climbing shelter costs.

The Federal Reserve releases minutes from its September meeting, potentially offering additional insight on plans to start reducing pandemic-related stimulus.

U.S. jobless claims are forecast to fall for the second consecutive week as employers hold on to workers in a tight labor market. The data on claims, a proxy for layoffs, will cover the week ended Oct. 9.

U.S. retail sales are expected to fall in September. U.S. consumers appear to be in decent financial shape, but Covid-related caution, rising prices and widespread supply-chain disruptions are tamping down purchases. The auto industry has been especially hard hit by a semiconductor shortage—separate data released earlier this month show U.S. vehicle sales in September fell to their lowest level since early in the pandemic.

By: WSJ staff

Source: Economy Week Ahead: Inflation, Jobless Claims, Retail Sales – TechiLive.in

.

Related Contents:

%d bloggers like this: