Author: LoveWorld UK

EUROPEAN CENTRAL BANK CUTS  INTEREST RATE TO 3.25%- Inflation in the eurozone falls below its 2% target. The European Central Bank cut its interest rate to 3.25% after inflation in the eurozone fell below its 2% target. ECB policymakers were under pressure to reduce the deposit rate after figures out earlier on Thursday showed annual prices growth in the single-currency bloc had eased in September to 1.7%, down from 2.2% the previous month. The cut is the ECB’s third of the year, putting it two ahead of the Bank of England, which is widely forecast to cut the cost of…

LEGALISING ASSISTED DYING IS A ‘SLIPPERY SLOPE’- Says Canterbury Archbishop Justin Welby The archbishop of Canterbury has warned that legalising assisted dying is dangerous and risks turning the right to die into a duty. Archbishop Justin Welby said the approach is both dangerous and sets us in a direction which is even more dangerous, and in every other place where it’s been done, has led to a slippery slope. He wrote in a statement that the right to end your life could all too easily all too accidentally turn into a duty to do so. Archbishop Welby further stated that…

RUSSIA’S LAWMAKERS VOTE TO BAN ‘CHILD-FREE PROPAGANDA’ –  Violators under the law could be fined up to €3,789 Russia’s lawmakers have voted in favour of a law to ban “propaganda” discouraging Russians from having children. Laws that would outlaw “propaganda” discouraging Russians from having children have been approved today in the first of three readings in the lower house of parliament. The legislation would ban materials on the internet, in the media and in advertising that are deemed to portray a child-free lifestyle as attractive, and subject the authors to fines. President Vladimir Putin, who portrays Russia as a bastion…

MINISTERS GATHER EXPERTS TO TACKLE SPIRAL IN DRIVING COSTS – FCA says motor insurance premiums have increased by 21% The Transport Secretary, Louise Haigh, and Economic Secretary to the Treasury, Tulip Siddiq, will bring together industry groups and consumer champions such as the Association of British Insurers, Citizens Advice, and insurance regulators to tackle spiralling costs of car insurance today  According to the Financial Conduct Authority (FCA), motor insurance premiums have grown by an average of 21% since June 2022, – far higher than Germany, France, Spain and Italy – with the government reaffirming its manifesto commitment to act on…

UKRAINE REQUESTS NATO MEMBERSHIP – NATO has said Kyiv cannot join while at war Ukraine requests for a NATO membership invitation before President Joe Biden leaves the White House.  “Kyiv’s ambassador to NATO, Nataliia Galibarenko, says giving Ukraine a membership invitation during this time is a political signal Galibarenko said in an interview at the Ukrainian mission to NATO, that it can be part of the legacy of the current American administration, further stating that an invitation would remove a major bone of contention between Kyiv and Moscow. Being in NATO would make Ukraine part of the U.S.-led military alliance’s…

ITALIAN NAVY SHIP WITH MIGRANTS ARRIVES IN ALBANIAN PORT – A controversial plan to process thousands of asylum seekers abroad An Italian ship carrying the first group of migrants to be processed in Albania arrived in the port of Shengjin on Wednesday, October 16th, setting in motion a controversial plan to process thousands of asylum seekers abroad. Italy has built two reception centres in Albania, the first such deal involving a European Union nation diverting migrants to a non-EU country to deter irregular arrivals. The Libra, an Italian navy ship, docked at the former navy port Shengjin, Reuters footage showed.…

CHANCELLOR ANNOUNCES NATIONAL WEALTH FUND AT INVESTMENT SUMMIT – Set to deploy up to 27.8 billion pounds of capital Chancellor Rachel Reeves said she would “catalyse” billions of pounds of investment into growth sectors, such as giga-factories, green hydrogen and carbon capture, through a new wealth fund and partnerships with pension funds. Reeves said the National Wealth Fund (NWF), based on the existing UK Infrastructure Bank, would work with industry partners, including mayors, to deploy up to 27.8 billion pounds of capital. Reeves also announced a new partnership that could boost pension fund investment in UK companies. The announcements came…

ARGENTINA TRAIN AHEAD OF WORLD CUP QUALIFIER – The reigning World Cup champions will face Bolivia on Wednesday Inter Miami star Lionel Messi and the rest of the Argentina squad gathered at the Argentine Soccer Association (AFA) facilities) to train ahead of their next World Cup qualifier, which will be played on Wednesday against Bolivia. The Argentine players jogged around the field and engaged in a series of passing combinations and dribbling drills under the watchful eye of coach Lionel Scaloni. The reigning World Cup champions will face Bolivia midway through the qualification campaign on Wednesday. Bolivia will visit Argentina…

TALKTALK AUDITOR QUITS – Broadband provider narrowly avoids going bust TalkTalk’s auditor has quit as the broadband firm faces a fresh squeeze on its finances.  Deloitte, which has served as TalkTalk’s auditor since August 2002, has resigned from its role, according to company filings. A spokesman for TalkTalk said the resignation was a result of a planned rotation following a break-up of the group last year. RSM has been appointed as Deloitte’s replacement.  It comes after billionaire founder Sir Charles Dunstone and other shareholders were recently forced to pump another £235m into the struggling broadband firm to stave off collapse.…

PROTESTERS IN SPAIN DEMAND AFFORDABLE HOUSING- The Spanish Government says 12 thousand people participated in the protest Thousands protested on Sunday in Madrid to demand more affordable housing amid rising anger from Spaniards who feel they are being priced out of the market. Under the slogan “Housing is a right, not a business”, residents marched in the Spanish capital to demand lower housing rental prices and better living conditions. Twelve thousand people took to the streets, according to the Spanish government. In a separate demonstration in Barcelona on Sunday against the America’s Cup yachting race, protesters blamed the international sporting…