Author: LoveWorld UK

RUSSIA BANS UK CABINET MEMBERS FROM THE COUNTRY-Chancellor Reeves, Deputy Prime Minister have been banned from Russia Russia has banned several members of the UK Cabinet from entering the country. The Russian ministry said it’s putting members of the UK’s political and military establishment, as well as journalists, on its so-called “stop list”, accusing them of “anti-Russian activities”. Chancellor Reeves, Deputy Prime Minister Angela Rayner and Education Secretary Bridget Phillipson are among several cabinet ministers who have been banned from entering Russia This new development comes on the heels of the expulsion of a British diplomat from Russia who was…

WALL STREET ENDS HIGHER ON TECH – Investors analyse Trump’s tariff threats The benchmark S&P 500 and the Nasdaq ended higher, as technology stocks rebounded, while investors digested President-elect Donald Trump’s tariff pledges on top trade partners and the latest minutes from the Federal Reserve. U.S. short-term interest-rate futures pared earlier losses after the Fed’s latest minutes showed officials appeared divided over how much further they may need to cut interest rates. The minutes of the Nov. 6-7 meeting also showed the group agreed this was a moment to avoid giving much concrete guidance about how U.S. monetary policy is…

ELECTRIC VEHICLE TARGETS UNDER REVIEW – SMMT warns of  devastating impacts on business viability and jobs Tensions are escalating between the government and the car industry over electric vehicle (EV) sales targets, which manufacturers argue exceed current consumer demand. The government announced on Tuesday that it would review the targets but remains committed to phasing out new petrol and diesel car sales by 2030. On the same day, Stellantis, the parent company of Vauxhall, revealed plans to close its Ellesmere Port plant, putting 1,100 jobs at risk. The decision was partly attributed to the transition away from petrol and diesel…

ReachOut World Day is “ReachOut 24/7”; it’s a 24-hour period set aside to cover the whole world with Rhapsody of Realities in all known languages and dialects. Beyond reaching the whole world, over 7 billion people will be effectively discipled as they’re engaged with Rhapsody of Realities in an accountable way. Be part of this!

CHINA SAYS IT’S IN COMMUNICATION OVER SHIP IN DANISH WATERS –  The Danish military said it was staying close to Chinese bulk carrier Yi Peng 3 China’s foreign ministry said that Beijing has maintained “smooth communication” with all parties involved when asked about a Chinese ship in Danish waters. The Danish military said last Wednesday that it was staying close to Chinese bulk carrier Yi Peng 3, which was sitting idle in a strait between Denmark and Sweden after two fibre-optic data telecommunication cables in the Baltic Sea were severed. The military did not mention the cable breaches or say…

ORLANDO ADVANCES TO EAST FINAL – With 1-0 Defeat Of Atlanta United Ramiro Enrique scored his first playoff goal six minutes before halftime and Orlando City set a new franchise high-water mark with a 1-0 victory over visiting Atlanta United in the Eastern Conference semifinal. With a shutout of ninth-seeded Atlanta, which won both these teams’ regular-season meetings, No. 4 seed Orlando reached its first conference final since the club began MLS play in 2015. The Lions will host the seventh-seeded New York Red Bulls, who defeated New York City FC in Saturday’s East semifinal. Pedro Gallese kept his third…

UK REGULATOR FINES BARCLAYS £40 MILLION – Over disclosures relating to Qatar Deals The UK financial regulator said today that it had fined Barclays 40 million pounds in total for its failure to disclose certain arrangements with Qatari entities in 2008. The fine by the Financial Conduct Authority dates back to the height of the 2008-9 financial crisis when Barclays scrambled to raise funds from overseas investors including Qatar in order to avoid a state bailout. Barclays Bank paid undisclosed fees to Qatari funds involved in its rescue, the FCA said in 2022, finding that Barclays’ conduct in the capital…

UK’S ECONOMIC GROWTH STUMBLES IN Q3 AMID HIGH INFLATION – The UK economy grew a meagre 0.1 % in the third quarter of this year The UK economy grew a meagre 0.1 % in the third quarter of this year (Q3), lower than both the previous quarter and market expectations, according to the Office for National Statistics (ONS). This subdued performance presents a formidable challenge for the newly elected Labour government as it endeavours to stimulate economic growth in the face of soaring inflation and interest rates. In July this year, the Labour Party won a landslide victory in the…

MAJOR DISRUPTION ON RAILWAYS AS UK HEADS BACK TO WORK – Hundreds of flood warnings and alerts in place Storm Bert hit the UK today, hundreds of flood and storm warnings are in place across the country and rail travel has become difficult for many.  Train services are heavily disrupted and some roads are blocked. Train operators have warned commuters not to travel on certain lines this morning due to disruptions linked to severe weather. Northamptonshire Police say they are still receiving many calls relating to Storm Bert. Storm Bert caused significant river and surface water flooding in parts of…

U.N. NUCLEAR WATCHDOG’S BOARD PASSES IRAN RESOLUTION – ‘Ordering’ Iran to urgently improve cooperation with the agency The U.N. atomic watchdog’s 35-nation Board of Governors passed a resolution, again ordering Iran to urgently improve cooperation with the agency and requesting a “comprehensive” report aimed at pressuring Iran into fresh nuclear talks. Britain, France, Germany and the United States, which proposed the resolution, dismissed as insufficient and insincere a last-minute Iranian move to cap its stock of uranium that is close to weapons-grade. Diplomats said Iran’s move was conditional on scrapping the resolution. Iran tends to bristle at such resolutions and…