Author: Loveworld UK

Wonga, one of Britain’s largest short-term money-lenders, has been saved from going bust by an emergency £10m cash injection from a consortium of high-profile technology investors. Sky News ‎can exclusively reveal that Wonga, which was among the pioneers of the UK’s online payday lending sector, has been rescued in the last few weeks after its chief executive warned shareholders that it was in danger of becoming insolvent.The fundraising is understood to have taken place at a valuation of just $30m (£23m) prior to the injection of the new money – a stunning decline for a financial technology group which once…

Mars has withdrawn all its advertising from YouTube after one of its products was featured alongside a rap video linked to violent crime in London. An advert appeared with a video featuring the Moscow17 collective, whose member Incognito was stabbed to death in south London on Wednesday.Mars said it was “unacceptable” for its adverts to appear next to such videos and that it would be working with Google to “understand what went wrong”.Two other males, aged 16 and 31, who also suffered stab injuries in the Camberwell incident, have been arrested on suspicion of murder.Moscow17 are part of the drill…

Police investigating the disappearance of midwife Samantha Eastwood are searching a disused quarry near Stoke-on-Trent. Specialist teams are carrying out searches in Caverswall in a bid to find clues as to the whereabouts of the 28-year-old, who has not been seen in more than a week.Her colleagues at Royal Stoke University Hospital reported her missing after she failed to turn up for a night shift on Friday 27 July, having last seen her leaving work at 7.45am that morning.She was described as being “jovial and happy” as she left, and her workmates said her unannounced absence was “very much out…

Eighteen people have died after a helicopter crashed on its way to an oil station in northern Siberia. The Russian transport ministry said the model Mi-8 aircraft went down soon after take-off from a gas field in Turuhansk at 5.43am local time due to a collision with machinery being carried by another helicopter.Among those killed were three members of the crew, with the other 15 believed to have been oil workers.”The first take-off was carried out by an Mi-8 with an external cargo suspension without passengers on board,” the ministry said in a statement.”The second take-off was performed with passengers…

Two people including a teenager treated in hospital for stab wounds after the rapper Incognito was killed in London have been arrested on suspicion of murder. The 23-year-old musician Siddique Kamara became the second member of the drill music group Moscow17 to die on Warham Street, Camberwell, in three months.Mr Kamara was found to have died of two stab wounds to the chest.Two men, aged 16 and 31, also suffered stab wounds and have now been arrested on suspicion of murder.Metropolitan Police have not confirmed if they are being held over the death of Mr Kamara.The pair were taken to…

One of Britain’s best-known retailers says Britain’s tax system should be radically changed to stop online companies having “an unfair advantage”, and being subsidised by the taxes of their rivals. Justin King, former chief executive of Sainsbury’s, has called for business rates to be halved, with the lost revenue replaced by a 2% increase in VAT.He says those changes would not increase shop prices, but would mean companies such as Amazon paying a fairer share of tax.He has also suggested that the Government should consider a “delivery tax” on online retailers that “bypass retail space”.Mr King was boss of Sainsbury’s…

The family of a 10-year-old boy were asked to prove his disability before he boarded a Jet2 flight from Croatia. Alex Johnson said she was left humiliated after doing everything she could to prepare the airline for her son’s flight, only to be asked to prove Jack is disabled at the airport gates in Split, Croatia.She and her husband, former Wigan Warriors player Andy Johnson, set up a charity called Joining Jack, which funds research into a cure for Jack’s condition, duchenne muscular dystrophy.The airline has since apologised for what it called an “isolated incident”.Mrs Johnson said she spent a…

The American buyout titan Carlyle has gatecrashed the auction of Gaucho, the stricken restaurant chain, with a cut-price bid to buy it out of administration. Sky News has learnt that Carlyle Strategic Partners, a special situations fund managed by the firm, lodged an offer for Gaucho earlier this week.Its bid comes just weeks after it offloaded a substantial debt position it held in Prezzo, another restaurant chain which has been hit by the crisis engulfing Britain’s casual dining industry.Carlyle is among a small number of bidders for Gaucho, which crashed into administration last month after its CAU chain amassed millions…

It was supposed to be a grand occasion, but just before the name of Zimbabwe’s new president was announced, the opposition MDC Alliance decided to make its own intervention. Fighting furious shouts and whistles at a hotel in Harare, the MDC’s chief election agent Morgan Komichi said: “The results are fake, they are not authentic, we reject them.”The police cleared Mr Komichi from the room and the stage was finally set, after three days of vote counting and controversy, for the head of the Zimbabwe Electoral Commission to announce a winner.”I do hereby declare that the votes by Emmerson Dambudzo…

Bank of England governor Mark Carney has warned that Britain faces an “uncomfortably high” risk of leaving the EU with no deal. The pound slipped to below $1.30, its lowest point in eleven days, as Mr Carney issued the warning on negotiations with Brussels.He said: “I think the possibility of a no deal is uncomfortably high at this point.”People will have things to worry about in a no deal Brexit, which is still a relatively unlikely possibility but it is a possibility.” 2:11 Video: How parts of the UK are preparing for Brexit Sterling went as low as $1.2975, or…