Author: LoveWorld UK

British Prime Minister Boris Johnson will on Monday give details of how to get the economy back to work, after his attempt to plot a nuanced exit from the coronavirus lockdown prompted confusion, opposition and even satire across the United Kingdom. In an address to the nation, Johnson said the lockdown would not end yet but encouraged some people to return to work, though the leaders of Scotland, Wales, and Northern Ireland said they were sticking with the existing “stay-at-home” message. “This is not the time simply to end the lockdown,” Johnson said on Sunday evening. “Anyone who can’t work…

..The first I watched Pastor Chris’ teaching, it was like a feeling I never had before and I thought to myself… [emaillocker][dflip id=”514404″][/dflip][/emaillocker]

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Germany’s Bundesliga says it plans to re-start on May 15, making it the first of Europe’s top soccer leagues to get under way following the novel coronavirus stoppage, after being given the green light by the government on Wednesday. The government said the Bundesliga and second-tier 2. Bundesliga could re-start in the second half of May without spectators, adding that the German soccer league (DFL) would decide on the exact dates. The DFL, due to meet on Thursday, later confirmed in an SMS to Reuters that it planned to resume on May 15, saying that a report in the Bild…

said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks. The Kyoto-based gaming company posted operating profit of 89.4 billion yen for January-March, Reuters’ calculations showed based on annual figures, smashing analyst estimates. Nintendo has defied scepticism over its ability to draw in consumers beyond a hardcore base in the Switch’s fourth year with the runaway success of Animal Crossing: New Horizons, which has become the console’s fastest-selling title since launching on March 20. The…

A German Constitutional Court ruling this week that the European Central Bank had exceeded its powers will have no impact on the ECB’s actions to ensure there is adequate liquidity throughout the euro zone, governing council member Gabriel Makhlouf said. “I think it’s an interesting judgment, I think fundamentally it doesn’t actually get in the way of the ECB carrying on with its incredibly important job, especially at this time in the crisis… We are determined to respond forcefully to the challenges and to do whatever it takes to deliver our mandate,” Makhlouf told Irish national broadcaster RTE. “The judgment…

Auto parts supplier Continental (CONG.DE) will deepen cost cuts after its operating profit almost halved in the first quarter as coronavirus lockdowns caused global car production to fall 25%, the company said on Thursday. The German manufacturer’s earnings before interest and taxes dropped 47% to 436.5 million euros ($471 million) in the first quarter of 2020 from 823.3 million a year earlier and its operating margin narrowed to 4.4% from 7.5%. Continental warned its second-quarter results would be worse as lockdown measures hit large markets including the United States. As a result, it will aim to cut investment by 20%,…

The Bank of England held off further stimulus measures but said it was ready to take fresh action to counter the coronavirus hammering which could cause the country’s biggest economic slump in over 300 years in 2020 before a bounceback in 2021. The BoE said its Monetary Policy Committee kept Bank Rate at its all-time low of 0.1% and left its target for bond-buying, most of it British government debt, at 645 billion pounds. However, two of its nine policymakers – Michael Saunders and Jonathan Haskel – voted for 100 billion pounds’ worth of more bond-buying firepower. In what it…

Britain’s construction sector suffered by far its biggest contraction since the launch of widely followed survey of the industry 23 years ago as the coronavirus lockdown shuttered building sites and suppliers. The construction Purchasing Managers’ Index (PMI), published by data firm IHS Markit and the Chartered Institute of Procurement and Supply (CIPS), slumped to 8.2 in April from 39.3 in March. The previous low was 27.8, recorded during the depths of the financial crisis in 2009. A Reuters poll of economists had pointed to a much less severe fall, to 22.0. “The rapid plunge in UK construction output during April…

India will supply Europe with about 1,000 tonnes of the active pharmaceutical ingredient (API) for common pain reliever paracetamol, a top exports body said, easing export controls on over-the counter medicines used to cope with COVID-19 symptoms. The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after the coronavirus outbreak disrupted the industry’s supply chain globally. COVID-19 is the respiratory disease caused by the novel coronavirus. Europe has sought up to 800 tonnes of paracetamol APIs every month, said Dinesh Dua, chairman of the Pharmaceuticals Export Promotion Council…