Peloton Interactive Inc said on Thursday its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs.
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BEIJING (Reuters) - Each afternoon without fail, a handful of men mostly in their 60s gather at an old bicycle shed in southwest Beijing, clad in sweatshirts and track pants and ready to pump iron.
Up to eight men could be doing bench presses, dumbbell curls or wide-grip pulldowns in the windowless shed, their rust-stained equipment built decades ago with scrap metal from a nearby railway wagon factory where they used to work - a far cry from modern gyms elsewhere in the Chinese capital.
Many club members were young men in their 20s and 30s when it was founded in 1984 by Zhang Wei, winner of Beijing’s first long-distance race in 1956 and a fellow worker at the state-owned Erqi factory, said current gym manager Xu Wei, 63.
By Reuters Staff
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LONDON (Reuters) - “We’ll bounce back better together,” Prime Minister Boris Johnson told overweight Britons on Thursday, championing his own weight loss and health eating diet to try to persuade others to get in shape to reduce coronavirus risks.
After being hospitalised with COVID last year, Johnson has often spoken about how he believes his weight was behind how severely ill he became and how since then he has started a new exercise regime and no late-night cheese diet.
Evidence emerging around the world suggests that people who are overweight or obese are at increased risk of getting more severely ill with COVID-19.
Global equity funds witnessed higher inflows in the week ended Feb. 24, on optimism that global central banks would keep interest rates lower to prop up their economies, undeterred by rising inflation concerns.
Global equity funds led investment inflows in the week to Feb. 17, as fund investors favoured riskier assets on optimism over the coronavirus vaccine roll-outs and expectations of a massive U.S. stimulus package.