Author: Loveworld UK

Turkey’s central bank has said it is ready to take “all necessary measures” to ensure financial stability following the collapse in value of the lira. The central bank is vowing to provide “all the liquidity the banks need” and says it will “closely monitor the market depth and price formations”.The action comes after the Turkish lira slumped to record lows against the US dollar amid an escalating feud with the United States.In early trading on Monday it recovered slightly to 6.92 to the dollar after continuing to fall from an overnight record low of 7.24 The country’s banking regulator has…

A space probe that will “touch the sun” and reach record-breaking speeds has successfully blasted off from Cape Canaveral in Florida. The Parker Solar Probe lifted off on the Delta IV Heavy rocket a day late, after a dramatic delay on Saturday saw lift-off halted with two minutes to go.The second attempt on Sunday at 3.31am local time was a success.Here Comes the Sun by the Beatles blasted out in the control centre moments after the team burst into applause at the successful lift-off. Image: The rocket took off in the early hours from Cape Canaveral The probe will get…

The senior lawyer in charge of one of the Serious Fraud Office’s biggest criminal investigations has been suspended just weeks before the agency’s new director arrives in her post. Sky News has learnt that Tom Martin‎, who has been managing the SFO’s sprawling probe into Unaoil, a Monaco-based oil consultancy, was suspended within the last few weeks for gross misconduct.The details of any alleged wrongdoing by Mr Martin were unclear this weekend, including whether or not it relates to the Unaoil case.Two people close to the SFO said they were aware of rumours of his suspension but that they had…

Ten people are in hospital after shots were fired overnight in the Moss Side area of Manchester. Police have said they are treating the incident as attempted murder.Two children are among those with “pellet-type wounds” and one man is in a serious but stable condition with leg injuries, police have said.The nine people with pellet injuries are expected to leave hospital later today.”A large number” of armed and unarmed officers were on the scene at Claremont Road after a series of “bangs” were reported 2.25am.Manchester Caribbean Carnival had brought large groups of people to the area, with several after-parties understood…

The family of an airport worker who stole a plane from Seattle airport before crashing into an island have spoken about their shock and insisted he never intended to hurt anyone. The family of 29-year-old Richard Russell, who liked to be called Beebo, delivered a statement to the media.Read out by a family friend, it said: “He was a faithful husband, loving son and a good friend.”A childhood friend remarked that Beebo was loved by everyone because he was kind and gentle to each person he met. 1:37 Video: ‘Stunned and heartbroken’ – family statement “This is a complete shock…

Cyclists who kill pedestrians could be treated in a similar way to dangerous drivers under new legislation being proposed by the government. The Department for Transport has begun a 12-week consultation on plans to update existing road safety laws to protect pedestrians and cyclists.The laws are being proposed by the government after 44-year-old mother-of-two Kim Briggs was knocked over and killed by a bicycle courier in February 2016. Image: Charlie Alliston was sentenced to 18 months in jail Ms Briggs was killed by Charlie Alliston, then 18, who was travelling at 18mph on a fixed-wheel bike with no front brakes.He…

A senior executive at IBM, the American technology giant, has been approached about the ‎top job at WPP Group as it homes in on a successor to Sir Martin Sorrell. Sky News has learnt that David Kenny, the senior vice-president of IBM’s Watson and Cloud Platform‎ division, was interviewed last month in New York by WPP chairman Roberto Quarta and boardroom colleagues.WPP, the marketing services giant led by Sir Martin for more than three decades before his abrupt exit in April, is expected to announce the identity of his replacement at around the time of its half-year results on 4…

A senior executive at IBM, the American technology giant, has been approached about the ‎top job at WPP Group as it homes in on a successor to Sir Martin Sorrell. Sky News has learnt that David Kenny, the senior vice-president of IBM’s Watson and Cloud Platform‎ division, was interviewed last month in New York by WPP chairman Roberto Quarta and boardroom colleagues.This weekend, he ruled himself out of the running for the job, when an IBM spokesman responded to the disclosure of Mr Kenny’s involvement in the search process by saying he “has confirmed he is not a candidate for…

Several Marks & Spencer shops have opened for their last day of trading as part of the retailer’s plans to shut 100 stores by 2022. Clothing stores in Northampton, Falkirk, Kettering, Newmarket, New Mersey Speke, Stockton and Walsall will trade for a final day on Saturday – while a Simply Food in Bayswater, London, will also close.Three stores in Fleetwood, Newton Abbott and Darlington have already stopped trading.Three more – in East Kilbride, Clacton and Holloway Road in London – are expected to close soon.The latest round of closures comes after 21 stores were wound up by the chain.As part…

Critics of Boris Johnson are jealous of his popularity, backbench Tory MP Jacob Rees-Mogg has claimed. The Conservative Party investigation into allegedly Islamophobic comments by Boris Johnson has been labelled a “show trial” by Mr Rees-Mogg, in an article for The Daily Telegraph.The ardent Brexiteer and chair of the influential European Research Group claims the investigation could be an attempt to undermine the former foreign secretary and any future leadership bid.Mr Rees-Mogg writes: “Envy is one of the seven deadly sins… Boris Johnson, because of his many successes, popularity with voters and charisma, attracts more than his fair share of…