Author: LoveWorld UK

The UK’s largest banks will be tested on their ability to withstand a rise in defaults linked to sky-high energy prices, as part of the Bank of England’s delayed health check of the financial industry. The Guardian understands that Threadneedle Street has crafted a new crisis scenario that will feature a deep economic recession, punctuated by soaring energy bills that could make it harder for some borrowers – particularly businesses – to afford loan repayments. It comes as UK businesses await details of Liz Truss’s £150bn energy bills bailout package, which the new prime minister last week pledged would temporarily cap…

Retailers including Aldi, John Lewis, Waitrose, Primark and Homebase are to shut their stores on the day of the Queen’s state funeral – while Morrisons has made its checkout beeps quieter and turned off PA systems. Aldi said as a mark of respect its 970 UK stores would be closed on Monday 19 September “to allow our store colleagues to pay tribute to Her Majesty the Queen”. John Lewis confirmed it would also shut its department stores, along with its sister company, Waitrose, all day for the funeral. Andrew Murphy, the chief operating officer of John Lewis Partnership, said: “We will be closing our…

Britain’s King Charles will fly to Edinburgh to join his siblings on Monday when the coffin of his mother Queen Elizabeth is taken in a solemn procession from one of her Scottish palaces to the city’s historic St. Giles cathedral. The new monarch will also join senior royals for a vigil at the church where the coffin will lie at rest before being flown to London on Tuesday. Since Elizabeth’s death aged 96 at Balmoral Castle, her Scottish holiday home, a carefully choreographed series of plans to mourn Britain’s monarch of 70 years has been put into operation. On Sunday,…

Tiago Henriques, a seasoned artificial intelligence expert who noticed that news of adverse reactions to COVID-19 vaccines were highly censored in the media, decided to create a Facebook group that lets the vaccine-injured and their loved ones share their stories. Most Facebook pages on the topic of vaccine side effects and adverse events get removed very quickly by the social media platform, managing to get only a few thousand followers. With technical skills and the use of methods that stay within the confines of Facebook’s terms of service, Henriques and his team managed to keep their page up much longer, getting over 245,000 followers to date. The…

Throughout this historic season, as he methodically climbed towards the top of his profession despite being a teenager in just his second full year on the ATP tour, Carlos Alcaraz was unfailingly clear about his objective: he was here to win grand slams. Not at some vague point in the future, or when he gained a little more experience, but now. He was ready. He has backed up his intentions every step of the way and on Sunday evening he capped off his wild, thrilling ride to his maiden grand slam title by withstanding an intense challenge from Casper Ruud…

The far-right Sweden Democrats party appears close to causing an earthquake in Swedish politics after becoming the country’s second-largest party by vote share in Sunday’s election, as the wider rightwing bloc that it leads edges ahead of the incumbent centre-left. Exit polls on Sunday night at first suggested a narrow victory for the Social Democrats and their centre-left allies. But as the votes were counted the tally swung towards the right. With 94% of the vote counted, the right bloc of four parties had a share of the vote corresponding to 176 of 349 seats in parliament, with the left bloc trailing…

A lawyer for former President Donald Trump criticized the Department of Justice (DOJ) for the FBI raid on the 45th president’s Mar-a-Lago residence and said it is a “fair question” to ask whether the agency is engaging in a cover-up. “What we have in this situation is a historical first. And I mean that in a very negative way, to have this search warrant based on failed [National Archives] negotiations, I suppose, that allowed the government to basically ransack the president’s residence,” attorney James Trusty told Fox News this weekend. “You’d think in this era of the attorney general constantly talking about rule of law…

Sir Tom Scholar, the veteran permanent secretary at the Treasury, has been sacked by Kwasi Kwarteng as the new chancellor moves to purge economic “orthodoxy” from UK government thinking. Scholar, who had been at the heart of economic policy for two decades, was sacked on Tuesday, the day Liz Truss became prime minister. She has railed against “Treasury orthodoxy” and “abacus economics”. Kwarteng paid tribute to Scholar’s role in overseeing the government’s response to the 2008 financial crisis and the Covid-19 pandemic, but his face no longer fitted in a Truss administration. Truss and Kwarteng have been determined to break…

People travelling to Australia will no longer be required to wear masks, one week after the government dropped the mask mandate for domestic flights. The move, which takes effect on Sept. 9,  comes as COVID-19 restrictions continue to be axed across the nation. Federal Health Minister Mark Butler said the mask mandate was removed on the advice of the Chief Medical Officer that it is “no longer proportionate in the current context.” “The requirement to wear masks on international flights to Australia was first implemented in January 2021 to reduce the risk of transmission of COVID-19 on board flights,” he said. “I…

After the death of the Queen in Balmoral on Thursday, the royal family has a new line of succession. Here is the new hierarchy, with more children than adults now making up the top eight positions. 1 Prince William, 40 The eldest son of King Charles and Diana, the Duke of Cambridge is now heir apparent and next in line to the throne. 2. Prince George, nine Kate and William’s oldest son, George, takes William’s place as second in line to become the next British monarch. 3. Princess Charlotte, seven After the death of her grandmother, seven-year-old Charlotte becomes the most senior female…