Author: LoveWorld UK

Britain will not back down in trade talks with the European Union and will thrive even if breaking away from the bloc without a trade deal is a “choppy” ride, Culture Secretary Oliver Dowden said on Friday. The United Kingdom quit the EU in January but remains an informal member until Dec. 31 when it will finally leave the bloc’s orbit after 48 years – with or without a trade agreement. Prime Minister Boris Johnson said on Thursday, as EU leaders were meeting in Brussels, that there was “a strong possibility” Britain and the EU would fail to secure an…

Marcus Rashford is drawing interest from some of Europe’s top clubs but the young Manchester United forward said he wants to be a one-club man. Rashford came out of United’s academy and scored twice on his senior debut in the Europa League in 2016 at the age of 18. He now has 77 goals in 232 club appearances. “For me, I never look beyond Manchester United,” Rashford told the Sports Journalists’ Association. “As a kid I’ve never looked beyond Manchester United in my mind, it wouldn’t sit right for me to be pulling on another shirt.” Rashford was speaking after…

Financial markets will be disrupted in January unless the European Union allows the bloc’s investors to use derivatives trading platforms in London, a group of seven financial industry bodies have said. Britain has left the EU and transition arrangements giving continued full access end on Dec. 31. Brussels has so far not granted “equivalence” or permission for platforms in London, the world’s major centre for derivatives trading, to continue serving banks and companies in the bloc from January 1. The industry bodies told the EU’s financial services chief Mairead McGuinness in a letter dated Dec. 9 that without access, EU…

The Bank of England said on Friday it would review the test that borrowers must pass if they want a mortgage, raising the prospect of obtaining home loans more easily. The BoE introduced a tougher “affordability” test in 2014 to ensure that borrowers do not become a threat to financial stability by taking on debt they cannot afford to repay if interest rates were to rise by 3 percentage points. The assumption of such a jump in rates has now become more questionable due to the very low BoE base rates and a global fall in borrowing costs. The BoE…

President Donald Trump and 17 U.S. states on Wednesday threw their support behind a long-shot lawsuit by Texas seeking to overturn his election loss by asking the U.S. Supreme Court to throw out the voting results in four states. Trump, defeated by President-elect Joe Biden in the Nov. 3 election, filed a motion with the court asking the nine justices to let him intervene and become a plaintiff in the suit filed on Tuesday by Republican-governed Texas against Georgia, Michigan, Pennsylvania and Wisconsin. If the justices let Trump join the lawsuit, it would create the extraordinary circumstance of a sitting…

Liverpool manager Juergen Klopp said he is no longer sure the use of VAR technology is good for football after Wednesday’s Champions League match against Midtjylland was interrupted three times in the second half, causing long delays. The match in Herning, which ended 1-1, was stopped while VAR reviewed the penalty that led to Midtjylland’s equaliser. Action was also halted as the system disallowed goals for each side late on. Klopp agreed with all three decisions but was concerned about the amount of time players had to wait on the pitch in cold conditions. “I used to be one of…

Facebook could be forced to sell off Instagram and WhatsApp under a massive lawsuit filed by 46 US states which accuses the social media giant of running an illegal monopoly. The suit filed on Wednesday, spearheaded by New York Attorney General Letitia James, accuses Facebook of illegally acquiring its competitors in a ‘predatory’ manner in order to dominate the market. ‘For nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals, snuff out competition, all at the expense of everyday users,’ said James. The coalition of 46 states, Washington DC and Guam has called on…

Britain said it was re-emerging as a major trade force as it signed a free trade deal with wealthy city-state Singapore on Thursday, its latest agreement globally as it prepares to end its transition out of the European Union on Dec. 31. The deal signing between Britain’s trade minister Liz Truss and her Singaporean counterpart comes as leaders from Britain and the EU tried to seal a new trade pact and avert what some fear will be a chaotic end to the five-year Brexit process. Britain is Singapore’s top destination for direct investment in Europe and is among its largest…

The revelation Wednesday that Hunter Biden is under investigation for tax violations relating to his foreign business affairs confirms that the media/Big Tech censorship of stories during the election about his laptop and emails was entirely without merit. When the New York Post reported on October 14 that Hunter Biden had introduced an official from the corrupt Ukrainian energy company Burisma to then-Vice President Joe Biden — contrary to the latter’s denials that he had ever spoken to his family about their businesses — Facebook announced that it would be suppressing the story, and Twitter prevented people from sharing it. Those who dared were suspended;…

British Prime Minister Boris Johnson heads to Brussels on Wednesday for talks with European Commission President Ursula von der Leyen in a push to secure a trade deal and avoid a turbulent breakup in three weeks. With growing fears of a chaotic no-deal finale to the five-year Brexit crisis when the United Kingdom finally leaves the European Union’s orbit on Dec. 31, the 1800 GMT meeting over dinner is cast as a chance to unlock the stalled trade talks. A British government source said a deal may not be possible, as did EU chief Brexit negotiator Michel Barnier. The main…