Author: LoveWorld UK

Sam Bankman-Fried, the founder of now-bankrupt crypto exchange FTX, was found guilty on all counts of defrauding his customers on Thursday in Manhattan federal court. The one-time mogul stood with his hands clasped facing the jury as he was found guilty on seven counts of wire fraud and conspiracy to launder money. He faces decades in prison at a sentencing hearing that US district Judge Lewis Kaplan set for 28 March 2024. The verdict, reached after just four hours of jury deliberation, brought an end to nearly a month of court proceedings that featured stunning testimony from his closest allies…

MANCHESTER UNITED DUMPED OUT OF CARABAO CUP BY NEWCASTLE – Newcastle beat Manchester United 3-0 at Old Trafford Holders Man Utd were dumped out of the Carabao Cup at the fourth round after a humbling 3-0 defeat to a weakened Newcastle side at Old Trafford to pile the pressure on Erik ten Hag. In a repeat of last season’s final, out-of-form Man Utd were given hope this could be a chance to redeem themselves after Sunday’s dismal Manchester derby defeat with Eddie Howe naming a Newcastle team that included five full-backs and no recognised striker. However, Miguel Almiron – an…

AID ARRIVES IN GAZA FROM RAFAH Israel said that it will allow Egypt to deliver limited humanitarian aid into Gaza Israel said that it will allow Egypt to deliver limited humanitarian aid to the Gaza Strip. The announcement to allow water, food and other supplies happened as US President Joe Biden visited Israel in hopes of preventing a wider conflict in the region. Biden said Egypt’s president agreed to open the crossing and to let in an initial group of 20 trucks with humanitarian aid. If Hamas confiscates aid, “it will end,” he said. The aid will start moving Friday…

WARNING ONE IN 10 COUNTY COUNCILS FACE EFFECTIVE BANKRUPTCY – Local government leaders warned bankruptcy will put vital services at risk One in 10 county councils in England is facing effective bankruptcy – putting vital services at risk, local government leaders have warned. In September Birmingham City Council was forced to slash spending after declaring itself effectively bankrupt. More local authorities fear they could be next, according to a survey by the County Councils Network and they are calling for emergency funding from the government to stave off financial collapse. The government said it had already made £5.1bn extra available…

INTEREST RATES PREDICTED TO BE HELD AGAIN – Bank of England looks to balance the impact of higher rates on the UK economy Interest rates are expected to be left unchanged as the Bank of England looks to balance the impact of higher rates on the UK economy. Sluggish economic growth and signs that the country’s job market is slowing down have led to predictions that rates will be held at 5.25%. Rates had been hiked previously in a bid to slow the pace of price rises and are at the highest level for 15 years. The Bank of England,…

ZVEREV AND HURKACZ ADVANCE IN PARIS – Alexander Zverev and Hubert Hurkacz progress to Paris Masters round of 32 Germany’s Alexander Zverev and Poland’s Hubert Hurkacz are through to the Paris Masters round of 32 after they both earned three set victories. Eleventh seed Hurkacz beat American Sebastian Korda 6-3 6-7 6-3 to advance to the next round in the French capital, while tenth seed Zverev fought off Hungary’s Marton Fucsovics 4-6 7-5 6-4 in an entertaining battle.

HOUSE PRICE GROWTH RETURNS IN OCTOBER DUE TO ‘CONSTRAINED SUPPLY’ OF PROPERTIES Nationwide Building Society’s monthly index showed a 0.9% rise last month  House prices rose at their fastest monthly pace since August last year during October, according to a report that cited “constrained supply” of stock in the market. Nationwide Building Society’s monthly index showed a 0.9% rise last month when compared to September’s flat performance, taking the annual rate to -3.3% from -5.3%. While Nationwide said a lack of properties had driven the turnaround, others credited the recent shift in policy at the Bank of England. Values have…

ARSENAL TO FACE WEST HAM IN CARABAO CUP – Arsenal midfielder Declan Rice returns to face former club Mikel Arteta believes Declan Rice’s potential return to West Ham will be “beautiful” – if the Arsenal manager decides to play the midfielder in tonight’s Carabao Cup clash. The 24-year-old England international moved across London in the summer, the Gunners paying a club-record £105million to prise him away from the Hammers. Rice, who captained West Ham to victory in the Europa Conference League final in the last of his 245 games for the club he joined at the age of 14, could…

KING CHARLES EXPRESSES ‘DEEPEST REGRET’ FOR KENYA COLONIAL WRONGDOINGS – He stopped short of making a full apology called for by survivors of that period King Charles said he felt the “greatest sorrow and deepest regret” for atrocities suffered by Kenyans during their struggle for independence from British colonial rule. But in a speech at the start of a four-day state visit to Kenya, he stopped short of making a full apology called for by survivors of that period and local rights groups who are pressing for reparations from the British government. Many citizens of former British colonies, including leaders…

FORMER ADVISER CUMMINGS DESCRIBES ‘DUMPSTER FIRE’ UK CABINET IN COVID-19 INQUIRY – Giving evidence to an inquiry into the government’s handling of the pandemic Dominic Cummings, the former adviser to ex-British Prime Minister Boris Johnson, on Tuesday described the UK Cabinet Office as a “bomb site” and “dumpster fire” as it attempted to navigate the COVID-19 pandemic in early 2020. Giving evidence to an inquiry into the government’s handling of the pandemic, Cummings said Johnson was referred to as a “trolley” due to his tendency to change the direction of policy. Profane language used by Cummings to describe government ministers…