Author: LoveWorld UK

The Swiss National Bank hiked its foreign currency interventions to their highest level since the Brexit referendum in 2016, data on Monday indicated, showing the central bank’s determination to counter the Swiss franc’s coronavirus-driven rise. Swiss sight deposits rose by nearly 6 billion Swiss francs last week, supporting the SNB’s statement it is escalating its currency market interventions to slow the rise of the safe-haven currency. Total sight deposits, which include other deposits on sight in Swiss francs, rose to 608.826 billion Swiss francs ($617.41 billion) from 602.992 billion francs in the previous week. The 5.8 billion franc increase was…

Britain is still working to develop a package of government support for its airlines, with the most likely outcome a range of measures to suit the carriers’ different needs, the head of the country’s pilots union BALPA said on Monday. Finance minister Rishi Sunak said last Tuesday that he would hold discussions over support packages for airlines and airports but there has been no announcement on the outcome so far. UK airlines such as easyJet (EZJ.L), IAG-owned British Airways and Virgin Atlantic have started to ground hundreds of planes, and travel restrictions mean they have no revenues coming in, putting…

London’s FTSE 100 dropped on Monday, as economists slashed their expectations for the global economy this year and a raft of UK-based companies laid out expected hits to profit, cuts in spending and the potential for trouble with rising debt. The blue-chip index .FTSE fell 4.2%, sinking back into the red after a two-day bounce due to the extraordinary stimulus unveiled by governments and central banks in the UK and beyond last week. The index was down 35% from its peak in January and on course for its worst monthly performance since 1987, while the FTSE MID 250 index .FTMC of midcap stocks was…

Britain sent in the army to deliver protective equipment to hospitals on Monday and told people to stay at home and heed warnings over social distancing or the government would bring in more extreme measures to stop the coronavirus spread. With some doctors saying they felt like “cannon fodder”, the government said the military would help ship millions of items of personal protective equipment (PPE) including masks to healthcare workers who have complained of shortages. So far, 281 Britons have died from coronavirus and, in the last few days, British authorities have rapidly stepped up action to try to limit…

https://vimeo.com/398807654 You Are Safe With the ongoing concerns over the development of the corona virus, the world may speak of doom and gloom with so much uncertainty in the air. Stay your heart firmly on God’s Word. Therein, lies your safety and assurance of victory over the corona virus. Corona virus is a plague and through the knowledge of God’s Word we have rendered it completely ineffective and powerless! How? You might ask. The bible says,  “If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways;…

European shares jumped for a second straight session on Friday, as a wave of fiscal and monetary stimulus tempted investors back into equity markets after days of selling on signs the world was headed into a deep, coronavirus-driven recession. The European Commission said on Friday it was looking at loosening debt rules for member states and issuing common euro zone bonds in an attempt to shore up businesses and households crushed by the meltdown in economic activity. The pan-European STOXX 600 index was up 4.3%, on course to erase the entire week’s declines, but still looking at its worst month…

Asian shares made a partial comeback from a global rout on Friday but still nursed massive losses for the week, while bonds rallied and oil extended its gains. European shares were set for similar gains. Early in the European day, pan-region Euro Stoxx 50 futures STXEc1 were up 1.87%, German DAX futures FDXc1 gained 1.86% and FTSE futures FFIc1. U.S. S&P 500 e-mini stock futures ESc1 also pointed to a brighter end to the week, adding 1.7%. In afternoon trade in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 4.41% higher, ending a seven-sessions streak of losses.…

British retailer Marks & Spencer warned on Friday trading over the next 9-12 months in its clothing, homewares and international businesses was likely to be “severely impacted” by the coronavirus pandemic. To save cash, the group will not pay a final dividend for its 2019-20 financial year, and it said it was unable to provide meaningful guidance on earnings for 2020-21. However, it added the post-crisis future of the business was strong. “M&S has served customers without cease through two world wars, terrorist bombings and numerous local disasters and we are determined to support our customers now as we always…

Oil prices rose on Friday as the world’s richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia. Brent crude futures LCOc1 were up $1.79, or 6.3%, at $30.26 a barrel by 0902 GMT. U.S. crude futures for April CLc1 rose $1.95 to $27.17. The front-month contract expires later on Friday. The more active U.S. crude futures contract for May CLc2 was up $1.89, or 7.3%, at $27.80. Both U.S. contracts gained more than Brent because of U.S.…

Britain’s rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport’s operations will shrink as more of the country goes into a partial shutdown. From Monday, trains will only run on core services, equivalent to about half the passenger trains on a normal weekday, to reflect the drop-off in demand as more and more Britons work from home and stop travelling. Heathrow Airport, the country’s biggest, also said on Friday that it would partially shut down some operations after coronavirus brought most air travel to a…