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Euro-area industrial output at 4-year low

Bloomberg A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter and the outlook at the start ...

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Lyft forecasts disappoint investors seeking faster profit

Bloomberg Lyft Inc quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5% in extended trading. Lyft’s results came a few days after larger rival Uber Technologies Inc reported quarterly numbers that blew past analysts’ expectations and announced that it was moving up its target for ...

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‘Air pollution costs world $8 billion a day’

Bloomberg Air pollution from burning fossil fuels is generating economic losses of $8 billion a day, according to a Greenpeace report. That’s about 3.3% of global gross domestic product, or $2.9 trillion per year, according to a report from Greenpeace Southeast Asia and Center for Research on Energy and Clean Air. China, the US and India bear the highest economic ...

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