Author: Loveworld UK

Workers will have to pay more into their pension pots from today as the latest stage in a “quiet revolution” gets under way. The minimum amount that can be put into a saver’s retirement pot under automatic enrolment has increased to a combined 5% of earnings.This is made up of a minimum 2% from a person’s employer and 3% from the employee.The minimum rate was previously 2% overall – 1% each from the employer and employee.In April next year, the rate will rise again – to 8% (3% from the employer and 5% from the employee).The rises are part of…

The disgraced former president of South Korea has been jailed for 24 years for her role in a sensational corruption case which drew in some of the country’s biggest companies. Park Geun-hye was sentenced by Seoul Central District Court after being convicted of 16 charges including bribery, abuse of power and extortion.She was also fined 18 billion won (£12m).Following months of hearings and massive street rallies calling for her to be ousted, the 66-year-old was arrested and impeached last year.The court ruled that Park colluded with her friend, Choi Soon-sil, to pressurise business groups including Samsung and Lotte to give…

China has fired the latest salvo in a possible trade war, saying it will take on the US “until the end at any cost”. The warning from China’s ministry of commerce came after President Donald Trump said he was considering $100bn (£71.5bn) in extra tariffs on Chinese goods.The ministry said: “If the US side disregards opposition from China and the international community and insists on carrying out unilateralism and trade protectionism, the Chinese side will take them on until the end at any cost.”On Thursday night, stock markets had recovered some value as hopes grew that the two largest economies…

An 18-year-old who died after being stabbed in Hackney on Wednesday night has been named as Israel Ogunsola. The teenager is said to have approached police himself in Link Street suffering from knife wounds shortly before 8pm.Paramedics and staff from the London Air Ambulance attempted to save his life but he was pronounced dead at the scene less than half an hour later.It has emerged he was Facebook friends with another teenage victim of violent crime in London.Tanesha Melbourne, 17, was shot in a drive-by shooting on Monday in Tottenham.just 30 minutes later, 16-year-old Amaan Shakoor was shot in the…

The Philippines will shut its most famous holiday island for six months after the President called it a “cesspool”. Rodrigo Duterte has approved the temporary closure of Boracay after saying the waters off its famed white-sand beaches were being polluted with raw sewage.His spokesman confirmed the shutdown will commence on 26 April, but he did not clarify what the clean-up will involve.In 2017, two million tourists visited the island which is popular for its lively nightlife, turquoise seas and powdery sands. Image: Borocay is known for its pristine white sandy beaches Thousands of livelihoods rely on the tourism industry, which…

Britain’s biggest companies have lifted the lid on gender pay gap – with eight out of 10 admitting they pay men more than women. The figures were revealed after the deadline passed for businesses with more than 250 employees to submit data on mean and median pay gaps to the Government.Some 78% of companies said they have a gender pay gap in favour of men, with 14% saying they have a median pay gap in favour of women and 8% having no gender pay gap.The gender pay gap is calculated as the difference between the average salaries of men and…

North Korea is “almost certain” to have ballistic missiles within six to 18 months that can reach the UK, MPs have warned. The weapons could potentially carry nuclear warheads and Britain has only a limited missile defence system if an attack was launched, according to a report by the Commons Defence Select Committee.”It is a reasonable assumption that North Korea can already reach the UK with ballistic missiles which could potentially carry nuclear warheads,” the report says.”In any case, it is almost certain to be able to do so within the next six to 18 months if it continues its…

Almost half of the most popular fridges and freezers available could be a fire risk, according to Which? The watchdog is calling for plastic-backed fridges to be “urgently” removed from sale and says its research showed they could even speed up the spread of a fire.Which? warned current safety standards as “inadequate, not fit for purpose and do not come close to replicating the source of a real house fire”.The consumer group examined more than 500 of the most popular fridges and freezers on the market and found that backing material on 45% of them was made of unsafe plastic…

An MP whose constituency has seen four people killed since Christmas amid a spike in London violence has attacked the Government for failing to take action. David Lammy, who represents Tottenham, said he has not received a phone call from the Prime Minister or the Home Secretary, let alone a visit. Image: The Metropolitan Police launched a murder investigation on Thursday morning He tweeted as the Met Police launched a murder investigation into the death of a man who died following a fight outside a bookmakers in the borough of Hackney.He became the 49th to die as a result of…

Mark Zuckerberg will testify before a congressional committee in the US to answer questions about Facebook’s privacy practices. The House Energy and Commerce Committee has announced that Facebook’s chief executive will appear on Wednesday 11 April “regarding the company’s use and protection of user data”.Facebook is currently facing investigations by authorities in the US, UK, and EU over a reported data incident between itself and consultancy firm Cambridge Analytica. Video: Can Mark Zuckerberg and Facebook survive? Following allegations that data belonging to its users was harvested by Cambridge Analytica, the company’s senior executives have been summoned to appear before MPs…