Author: LoveWorld UK

Banks and the businesses they lend to are putting the brakes on preparations for the end of Libor, industry sources say, because they are too busy grappling with fallout from the coronavirus to deal with the complexities of interest rate benchmarks. Global regulators have said they want to stick to the current end-2021 deadline for scrapping Libor, which is embedded in up to $340 trillion worth of financial contracts worldwide. Authorities decided to phase out the benchmark after finding some traders had manipulated it for profit. But this timetable has put them at odds with banks which have diverted staff…

Britain has given the green light for companies to start putting spades in the ground to build a new high speed rail line, saying that work could proceed in line with coronavirus safety guidelines despite the national lockdown. Prime Minister Boris Johnson announced in February that the line, known as HS2 which connects London to northern England, would go ahead. The government on Wednesday issued formal notification to the companies tasked with construction, allowing them to start work and providing them and their suppliers with business at a time when the pandemic has caused the economy to grind to a…

U.S. President Donald Trump on Tuesday halted funding to the World Health Organization over its handling of the coronavirus pandemic, drawing condemnation from infectious disease experts as the global death toll mounted. Trump, who has reacted angrily to criticism of his administration’s response to the worst epidemic in a century, has become increasingly hostile towards the WHO. The Geneva-based organisation had promoted China’s “disinformation” about the virus that likely led to a wider outbreak than otherwise would have occurred, Trump said. “The WHO failed in this basic duty and must be held accountable,” Trump told a White House news conference…

Think about it: Christ Jesus came into the world to save sinners; God, in human flesh, came into this world to take the place of sinful man. He was crucified on the Cross, buried, and rose from the dead and He’s alive today. Everything He accomplished on the Cross was for the whole world. When He died on the Cross, we died in Him. When He was buried, we were buried in Him. When God raised Him up, we were raised together with Him. Today, because He lives, we live also. What a story! The One who knew no sin…

President Donald Trump defended his response to the coronavirus outbreak on Monday and said he did not intend to fire Anthony Fauci after the leading U.S. health expert said earlier mitigation efforts could have saved more lives. At a contentious briefing with reporters, Trump lashed out at media coverage that has focused on gaps in the U.S. government’s response after initial warnings about the pandemic disease which has now spread throughout the United States. The president asserted he had the ultimate authority to re-open the largely shuttered economy despite an earlier deference to U.S. state governors and constitutional questions about…

Lemons (Citrus limon) are among the world’s most popular citrus fruits. They grow on lemon trees and are a hybrid of the original citron and lime. There are many ways to enjoy lemons, but they taste very sour and are usually not eaten alone or as a whole fruit. Instead, they’re often a garnish with meals, and their juice is often used to provide a sour flavor. They are a key ingredient in lemonade. A great source of vitamin C and fiber, lemons contain many plant compounds, minerals, and essential oils. These yellow fruits also have many potential health benefits.…

The British finance ministry’s overdraft at the Bank of England remained at 370 million pounds as of April 8, a day before the facility was expanded to help the government ramp up spending to mitigate the coronavirus hit to the economy. The update was provided by the BoE on Tuesday in a weekly announcement of the amount outstanding on the government’s Ways and Means Facility. The April 9 announcement that the facility would be extended will allow the government to borrow potentially billions of pounds directly from the BoE if it has trouble selling record amounts of debt on financial…

Ten U.S. governors on the east and west coasts banded together on Monday in two regional pacts to coordinate gradual economic reopenings as the coronavirus crisis finally appeared to be ebbing. Announcements from the New York-led group of Northeastern governors, and a similar compact formed by California, Oregon and Washington state, came as President Donald Trump declared any decision on restarting the U.S. economy was up to him. New York Governor Andrew Cuomo said he was teaming up with five counterparts in adjacent New Jersey, Connecticut, Delaware, Pennsylvania and Rhode Island to devise the best strategies for easing stay-at-home orders…

The death toll from COVID-19 in British hospitals rose to 11,329 on Monday and the government, which is having to operate without its convalescing leader Boris Johnson, signalled that there would be no easing of lockdown measures this week. The British death toll is the fifth highest globally and a senior scientific adviser to the government has said the country risks becoming the worst-hit in Europe. The government has had to defend its response to the outbreak, with complaints of insufficient testing and protective kit for medics and questions about whether Johnson, before he fell ill with COVID-19, was too…

British banks and other lenders have provided over 1.2 million mortgage payment holidays to households whose finances have been impacted by COVID-19, UK Finance, an industry group, said on Tuesday. “Action by lenders means one in nine mortgages in the UK are now subject to a payment holiday,” it said in a statement.