Author: Loveworld UK

Six Turkish troops have been killed and seven wounded after Kurdish militants attacked a miltary base in the southeast of the country. Those killed are reported to be from a village guard militia, which acts in support of the Turkish army, in the Erud district of Siirt province.The Kurdish Workers’ Party (PKK), an organisation classed as a terrorist group by Turkey and the European Union, also wounded four soldiers and three village guards in the attack, according to the state-run Anadolu news agency.The assault took place in an area where roadworks were taking place, although it is not clear when…

Down a quiet road in Erdington, past a school, and then left at the junction. The staff arriving at the Driveline factory arrived on Thursday, knowing that their futures were about to be decided.The factory, on a site near Birmingham, is a mass of red bricks.It’s nobody’s idea of an architectural wonder, and yet it is the heritage inside that people hold dear.As they passed through a turnstile on the way in or out of work, many told us they were nervous and unsettled as they waited for a decision on Melrose’s proposed takeover.”250 years of history should count for…

For connoisseurs of City takeover battles, the fight for the soul of GKN has been a cracker. A grand old name of British industry, with prestigious customers and a key role in the UK economy, slugging it out with a brash rival, two management teams going at each other hammer-and-tongs and with numerous politicians, trades unions, pension trustees and newspaper columnists lobbing bricks in every direction.The fight made the front page not just of the Financial Times but also the Daily Mail.This is how takeover bids used to be fought in the go-go 1980s, when buccaneering tycoons such as Lord…

Takeover specialist Melrose has won control of British engineering giant GKN after a bitter £8.1bn battle for the company. Melrose clinched the cash and shares deal despite warnings from GKN’s management, who vigorously resisted the approach, by going directly to shareholders with a hostile bid.Christopher Miller, Melrose’s chairman, said the business would be in “very good hands” but Labour MP Jack Dromey said it was a “bleak day for British industry”.Critics of the deal fear that the new owners could take an axe to jobs.The takeover is Britain’s biggest hostile bid since Kraft snapped up confectionery giant Cadbury in 2009.Business…

Barclays has agreed a $2bn (£1.4bn) settlement with the US Department of Justice over claims that it mis-sold mortgage-backed securities in the run-up to the financial crisis. The fine draws a line under a major misconduct issue that had been hanging over the bank after it decided in 2016 to contest the far higher sum that the DoJ was reportedly seeking.Barclays chief executive Jes Staley said it was a “fair and proportionate settlement” and it is likely to be seen as a vindication of his decision to play hardball with US authorities.The DoJ had been thought to be going for…

It resembles a car park at an enormous open-air venue – but it is actually a knock-on effect of the Volkswagen emissions scandal. Dramatic aerial pictures show row after row of diesel VWs and Audis sitting in the baking California sun, awaiting either repair or destruction in their desert graveyard.This is just one of 37 storage areas the firm has around the US, housing almost 300,000 vehicles.In addition to the pictured site in Victorville, other facilities include a disused suburban football stadium in Detroit and a former Minnesota paper mill. Image: At this distance, it is not immediately obvious that…

Donald Trump has signalled “concerns” about online retailer Amazon over its tax contributions and threat posed to smaller rivals. Mr Trump took the tech giant to task in a tweet, a day after a report that the President wanted to “go after” the company sent its shares down by more than 4% – taking $30bn off its value.He has criticised Amazon over taxes and jobs in the past but the latest intervention appeared to add some weight to the report, from news website Axios, that Mr Trump is obsessed with the retail giant and wants to rein in its power.In…

A three-year-old boy has died after being hit by a Sainsbury’s lorry on a pedestrian crossing in Dorset. The child was crossing North Street, the main shopping street in Wareham, with his family when he was hit at 8.43am on Thursday, Dorset Police said.Detectives said a white Sainsbury’s articulated lorry hit the boy.He was taken to Dorset County Hospital but died shortly after.A 43-year-old man from Basingstoke has been arrested on suspicion of driving offences and is assisting officers with their enquiries.The Dorset and Somerset Air Ambulance was sent to the scene.Inspector Matt Butler, of Dorset Police’s traffic unit, said:…

Former spy Sergei Skripal’s Salisbury house has been boarded up, the latest Sky News pictures show. While it is difficult to see the property from the ground, aerial footage has revealed the extent of the investigations taking place at the property.In addition to the boarding, what look like long, thin planks of wood have been laid across the front garden.:: Skripal and daughter ‘should be allowed to die’ Image: Various blue tents are scattered around the property Various blue tents with yellow roofs are scattered across the property, with a large cordon in front of it.The new images follow the…

Australian cricket coach Darren Lehmann has tearfully resigned – just hours after disgraced former captain Steve Smith broke down before the world’s media. Lehmann will quit after the current Test series in South Africa after three players were sent home for ball-tampering.The Australian coach was cleared by Cricket Australia of having no role in the cheat scandal but told a news conference “it’s the right time to step away”.He said: “I’m ultimately responsible for the culture of the team and I’ve been thinking about my position for a while.”Despite telling media yesterday that I’m not resigning, after reviewing Steve and…