Author: LoveWorld UK

Britain will set out new details of its blueprint for life outside the European Union on Wednesday, publishing legislation a government minister acknowledged would break international law in a “limited way” and which could sour trade talks. After leaving the EU in January, Prime Minister Boris Johnson has pushed on with plans for the end of a status quo period in December, and hoped a bill on Britain’s internal market would set in stone the transfer of powers from Brussels. But with talks with the EU all but stalled over fisheries and state aid, a statement from his Northern Ireland…

Britain’s biggest sportswear retailer JD Sports (JD.L) reinstated its annual guidance on Tuesday, saying it was encouraged by its performance since stores reopened thanks to the easing of coronavirus-led restrictions. The owner of Footpatrol and Cloggs said first-half pretax profit sank 68% to just 41.5 million pounds due to the effects of coronavirus-driven store closures, but it predicted full-year headline pretax profit would be at least 265 million pounds ($348.63 million). Shares in the company were seen rising 2%, according to traders’ premarket calls. Initial performance in reopened stores was boosted by a combination of pent-up demand, particularly in areas…

Two Australian foreign correspondents were rushed out of China for their safety with the help of Australian consular officials after being questioned by China’s Ministry of State Security, their employers said on Tuesday. China correspondents for the Australian Broadcasting Corporation (ABC) and the Australian Financial Review (AFR) sought shelter in Australia’s embassy in Beijing and consulate in Shanghai as diplomats negotiated with Chinese officials to allow them to leave the country, the ABC and the AFR reported. The two journalists – the ABC’s Bill Birtles and the AFR’s Michael Smith – had been banned from leaving China until they answered…

Britain went into Tuesday’s fresh round of Brexit trade talks with a warning to the European Union that it was ramping up preparations to leave without an agreement as both sides bickered over rules governing nearly $1 trillion in commerce. Britain left the EU on Jan. 31 but talks on new trade terms have made little headway as the clock ticks down to an October deadline for a new deal and then the end of the status-quo transition arrangement in late December. As diplomats try to gauge whether Prime Minister Boris Johnson is blustering or serious about allowing a tumultuous…

Third seed Serena Williams advanced to the U.S. Open quarter-finals after a gritty, tension-filled 6-3 6-7(6) 6-3 win over Greece’s Maria Sakkari on Monday. Early nerves saw Williams start with a double fault, but the veteran then found her footing, playing strong defensive tennis to save all three break points against her in the first set. Williams got the first break against Sakkari for a 4-2 lead before closing the set out with an ace. The 23-time Grand Slam winner came up short in the second-set tiebreak however, with Williams’ power serve abandoning her when she needed it most. Sakkari,…

British retailer Halfords (HFD.L) said on Tuesday underlying sales of cycling goods surged 59.1% in the 20 weeks to Aug. 21, as people continued to shy away from public transport during the coronavirus pandemic. It said group like-for-like sales rose 5.0%, with the strong performance in cycling partially offset by a 28.6% fall in motoring products sales, with car journeys limited by the crisis. Assuming expected demand levels in September and stability in the relative value of the U.S. dollar, first-half underlying pretax profit was forecast to be 35-40 million pounds ($46-53 million). Halfords cautioned that “significant uncertainty” remained for…

“Let the wisdom of God rule through you and not ungodly wisdom,” Pastor Chris to global congregation. The man of God, Reverend (Dr.) Chris Oyakhilome, by God’s Spirit, declared September to be ‘the Month of Wisdom’ at the just concluded Global Communion Service. He explained that September is a special month and urged God’s people to let the wisdom of God rule through them giving no place to ungodly wisdom. LoveWorld President further posited that just as there are three kinds of Godly wisdom, there are also three kinds of ungodly wisdom. With references to 1 Corinthians 3:19, 2 Corinthians…

Samsung Electronics (005930.KS) has decided to shut its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world’s second-largest economy. The TV factory in Tianjin is the only Samsung Electronics TV production base in China, the spokesman said. The decision is part of “ongoing efforts to enhance efficiency” in its production facilities, Samsung said in a statement earlier. The factory has a total of about 300 workers, Yonhap news agency reported earlier on Monday. Samsung declined to…

Julian Assange resumes his battle in a London court on Monday to avoid extradition to the United States to face criminal charges over the activities of his WikiLeaks website, after months of delay due to the coronavirus lockdown. The U.S. authorities accuse Australian-born Assange, 49, of conspiring to hack government computers and violating an espionage law in connection with the release of confidential cables by WikiLeaks in 2010-2011. Assange is seen by his admirers as a champion of free speech who exposed U.S. abuses of power. His critics say that by publishing unredacted documents, he recklessly endangered the lives of…

British house prices jumped by the most since 2016 in August to hit a record high, mortgage lender Halifax said, adding to signs of a post-lockdown boom in the country’s housing market even as fears grow of a sharp rise in unemployment. House prices were 5.2% higher than in August 2019, Halifax said. The surge in activity was fuelled by a temporary tax cut on purchases, pent-up demand and some buyers wanting to move to bigger properties after the lockdown, Russell Galley, managing director at Halifax, said. “Notwithstanding the various positive factors supporting the market in the short-term, it remains…