Author: LoveWorld UK

Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by an rise in U.S. crude inventories, were offset by a drop in gasoline stocks that lifted hopes for fuel demand recovery amid the re-opening of the global economy. Brent crude LCOc1 was up 12 cents, or 0.3%, at $42.75 a barrel by 0643 GMT after falling to $42.30 earlier in the session. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 1 cents to $40.34 a barrel, paring some of earlier losses. U.S. crude inventories rose by a much bigger than expected 1.7 million barrels…

Liverpool would prefer next week’s away fixture against Manchester City to be held at the Etihad Stadium and not moved to a neutral venue due to the COVID-19 situation, manager Juergen Klopp has said. Liverpool, who could potentially seal their first English league crown in 30 years against City next Thursday, are awaiting a decision from a safety advisory group on the venue. “Honestly, I would prefer it is at Manchester, otherwise it would be really difficult to organise it,” Klopp told reporters ahead of Wednesday’s league clash against Crystal Palace. Authorities could shift the game to a neutral venue…

Michele Berteramo, owner of the Movida restaurant and cocktail bar on Milan’s Naviglio Pavese canal, had been about to spend 40,000 euros ($45,270) on renovations when the new coronavirus pandemic struck northern Italy. Instead he burnt through the cash keeping his business afloat during lockdown. Movida reopened on May 18, but is struggling to break even as crowds stay away from the popular nightlife district. “We’ve been able to skip rent payments, but it can’t last forever … we are going to need bank financing to operate,” said the 46-year-old restaurateur. Berteramo has tapped Italy’s emergency government guaranteed loan scheme…

President Vladimir Putin will review a spectacular Red Square military parade later on Wednesday on the eve of a nationwide vote that could extend his rule until 2036, a patriotic display critics say is designed to lift his lower than usual ratings. The parade, to mark the 75th anniversary of the Soviet Union’s World War Two victory over the Nazis, was postponed from May 9 because of the novel coronavirus outbreak and critics say it is irresponsible to go ahead with it now. The Kremlin has dismissed that however, saying new daily infections, though still in the thousands, are on…

Britain’s supreme court will on Tuesday hear Nigerian farmers and fishermen appeal to pursue claims against oil major Shell (RDSa.L) over spills in the Niger Delta. The appeal re-opens the possibility for British multinationals to be held liable at home for their subsidiaries’ actions abroad. It comes after a setback in 2018 when a London court ruled that the claim could not be pursued in England. The Ogale and Bille communities allege that Shell’s oil operations have polluted their land and waters. They are seeking justice through British courts because cases heard in Nigeria can take decades to resolve, said…

Manchester City’s Phil Foden and Riyad Mahrez scored two goals apiece as the hosts showed their impressive strength in depth, making eight changes but still crushing a woeful Burnley 5-0 in the Premier League at The Etihad stadium on Monday. The result leaves second-placed City 20 points behind runaway league leaders Liverpool with eight games remaining and Juergen Klopp’s side cannot now clinch the title with a victory against Crystal Palace at Anfield on Wednesday. If City win at Chelsea on Thursday then Liverpool could secure their first league crown in 30 years against Pep Guardiola’s side in Manchester on…

U.S. President Donald Trump suspended the entry into the United States of certain foreign workers on Monday, a move the White House said would help the coronavirus-battered economy, but which business groups strongly oppose. Trump issued a presidential proclamation that temporarily blocks foreign workers entering on H-1B here visas for skilled employees, and L visas, for managers and specialized workers being transferred within a company. He also blocked those entering on H-2B seasonal worker visas, used by landscapers and other industries. The visa suspension, which takes effect on Wednesday until the end of the year, will open up 525,000 jobs for U.S.…

Cinemas, museums and galleries in England can reopen from July 4, Prime Minister Boris Johnson will say on Tuesday as he sets out which sectors of the economy can resume trading and announces the findings of a review into social distancing. Britain has been incrementally reopening its shuttered economy as the number of COVID-19 deaths and cases declines, having been one of the worst-hit countries during the pandemic. The latest stage is scheduled for July 4, and will see some higher-risk venues like those in the arts and cultural sector allowed to open their doors, albeit with rules to maintain…

British home prices will fall this year and won’t recover those losses until the end of 2022, a Reuters poll of property market analysts found, as high unemployment following the coronavirus pandemic saps demand. Britain’s economy shrank by a quarter over March and April as entire sectors were shuttered by a government-imposed lockdown, leading firms to shed jobs and vacancies to plunge by a record amount. Concerned about their personal financial health, buyers are likely to be nervous about big purchases and house prices, the bedrock of consumer wealth in Britain, will drop 5.0% this year, the June 9-22 poll…

Britain’s car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector as a third of automotive workers remain furloughed due to the coronavirus outbreak. Factories closed in March as a lockdown was enforced to contain the spread of the pandemic with some still shut and many operating at a much reduced output, setting the industry up for the lowest level of production in decades. Car and van volumes are expected to fall by a third to 920,000 units this year and up to one in six jobs are at risk,…