Author: LoveWorld UK

MACRON SAYS HE WILL APPOINT A NEW PRIME MINISTER IN THE COMING DAYS – Macron’s standing weakened amid calls for his resignation French President Emmanuel Macron will appoint a new prime minister in the coming days whose top priority will be getting a 2025 budget adopted by parliament, he said on Thursday after the government was toppled by MPs. Michel Barnier, a conservative, became the shortest-serving prime minister in modern French history when he resigned on Thursday after parliament voted him out over his fiscal plans, barely three months after he was appointed. In a televised address to the nation,…

STARMER PLEDGES TO REBUILD BRITAIN AFTER ROCKY START – Keir Starmer continues to come under scrutiny for his policies  Prime Minister Keir Starmer said on Thursday his government’s progress in boosting the economy should be judged by using data on household disposable income and GDP per capita over the five-year parliament. The government would “aim” for the fastest economic growth per capita in the Group of Seven advanced economies, which represents a dilution of what was previously a “pledge,” according to a document setting out Starmer’s plans. It also promised to deliver higher living standards across every region of the…

THAMES WATER ATTRACTS SEVERAL BIDS – The company is currently said to have nearly £18 billion in debt Thames Water has attracted several bids amid warnings that it may run out of cash by next year. Castle Water, a Scottish utility company partly owned by Conservative Party treasurer Graham Edwards, has reportedly submitted an offer ahead of the investor deadline on Thursday, 5 December. Infrastructure investor Covalis, backed by French firm Suez, is also said to have entered the bidding, with a proposal that could potentially lead to the break-up of the heavily indebted water giant. As the UK’s largest…

VODAFONE AND THREE £16.5 BILLION MERGER GETS THE GREEN LIGHT – The CMA warns that the merger might lead to higher bills for consumers The merger between Vodafone and Three has been approved, forming the UK’s largest mobile network with 27 million customers. The £16.5 billion deal is conditional on both companies committing to significant investments in the UK’s 5G infrastructure and capping certain mobile tariffs and data charges for at least three years to shield customers from “short-term” price increases. The Competition and Markets Authority (CMA) had previously expressed concerns that the merger might lead to higher bills for…

LOEFFLER TO HEAD THE SMALL BUSINESS ADMINISTRATION – Trump picks ex-senator Kelly Loefler  U.S. President-elect Donald Trump said on Wednesday he has chosen former Senator Kelly Loeffler to head the Small Business Administration. Trump chose Loeffler, a staunch supporter, to co-chair his inaugural committee after he won the Nov. 5 U.S. presidential election. Loeffler was appointed to the U.S. Senate seat from Georgia in 2019 to succeed former Senator Johnny Isakson, who retired.  During her stint in the U.S. Senate, Loeffler served briefly on the Senate Agriculture Committee. Loeffler is known for speaking out against the irregularities that the country…

TRUMP PICKS BISIGNANO TO HEAD SOCIAL SECURITY ADMINISTRATION- Frank Bisignano is the CEO of Fiserv  U.S. President-elect Donald Trump announced on Wednesday that Fiserv CEO Frank Bisignano will lead the Social Security Administration. Trump shared the news on his Truth Social account, praising Bisignano’s leadership skills: “Frank is a business leader, with a tremendous track record of transforming large corporations.  He will be responsible for delivering on the Agency’s commitment to the American People for generations to come!” According to the post, Bisignano previously served as Co-Chief Operating Officer at JPMorgan Chase & Co. and held senior roles at Citigroup…

CHINA REFUSES TO COMMENT ON SOUTH KOREA’S POLITICAL CHAOS – China says country’s situation is an internal matter  China refused to take a position on neighbouring South Korea’s political crisis, saying the country’s situation is an internal matter. Speaking to reporters at a regular press briefing, Chinese foreign ministry spokesperson Lin Jian said China “will not comment” on South Korea’s “domestic affairs”.  “China’s position on the Korean peninsula issue has not changed,” said Lin, in response to a question on the overall stability of the peninsula.  South Korean President Yoon Suk Yeol declared martial law on Tuesday (December 3) before…

FRENCH PRIME MINISTER TO RESIGN – Michel Barnier to present his resignation to President Macron  The French prime minister, Michel Barnier, is expected to resign today, a day after his government became the first to be toppled by a no-confidence vote in more than 60 years and just three months after it took office – a record ouster. Barnier is due to present President Emmanuel Macron with his government’s resignation this morning. The president would then address the nation on Thursday evening. MPs joined forces to back a no-confidence motion against Prime Minister Michel Barnier and his government, with a…

SOUTH KOREA HAVE PUT FORWARD A MOTION TO IMPEACH PRESIDENT YOON – After failed martial law declared in South Korea  In a national address, South Korean President Yoon said “I have accepted the decision made by the National Assembly to dissolve and lift the martial law.” MPs, including members of his own ruling party, voted to block the declaration as protesters clashed with soldiers and police after the martial law ruling, this ruling has prompted widespread international concern. Martial law, if enacted, allows the government to rule by the military and is usually invoked in times of war, rebellion or…

MARESCA WANTS MORE FOR CHELSEA – Chelsea are third in the standings with 25 points from 13 games Chelsea’s players have been able to implement Enzo Maresca’s style of play quicker than the Italian manager expected, but he said that the team still had room for improvement ahead of a Premier League game against Southampton. Maresca was brought in earlier this year and tasked with returning Chelsea to the Champions League, after the London outfit finished sixth last season and 12th in the 2022-23 campaign. Chelsea are third in the standings with 25 points from 13 games, level with second-placed…