Author: Loveworld UK

Jim Ratcliffe, a 65-year-old chemicals entrepreneur, is now the richest man in the UK, according to The Sunday Times Rich List. Mr Ratcliffe – previously described by the Rich List as “publicity shy” and having grown up “on a council estate in Greater Manchester” – has leapt up from 18th position last year after seeing his wealth rise by £15.3bn to £21.05bn in a single year.His increased wealth is down to the successes of Ineos, the London-headquartered chemicals company which is currently locked in a legal battle with the Scottish government over its moratorium on fracking.Mr Ratcliffe is chairman and…

The fate of thousands more high street employees is in doubt this weekend after the owner of Poundworld ditched a rescue plan and put the discount chain up for sale instead. Sky News has learnt that TPG, the American private equity backer of Poundworld, has instructed Deloitte to find a buyer for Poundworld by the end of the month.Potential buyers were contacted about the process on Friday, according to a possible bidder.The development comes less than a fortnight after it emerged that Poundworld was preparing to seek creditor approval for a plan to close up to 100 stores, threatening hundreds…

Malaysia’s former prime minister has been banned from leaving the country amid speculation he was about to flee to possibly avoid prosecution over a massive corruption scandal. Najib Razak and his wife Rosmah Mansor had been planning to head to Indonesia on a private jet for a week-long holiday but have now been blacklisted from travelling by Mr Najib’s successor.He said in a tweet he had been told of the move: “I respect the decision and I will remain in the country with my family.”An angry crowd had gathered at an airport in the capital Kuala Lumpur in anticipation that…

Voters across Iraq are going to the polls for the first national election since the country declared victory over Islamic State. Almost 7,000 candidates from dozens of political alliances are competing for 329 parliamentary seats.Prime Minister Haider al Abadi facing stiff competition from parties with closer ties to Iran, which holds considerable military and economic sway in the country.Despite overseeing the defeat of the terrorist group, whose fighters overran nearly a third of Iraqi territory just weeks after he took office in the summer of 2014, Mr Abadi has failed to emerge as the clear favourite due to entrenched corruption…

UK workers are suffering the worst pay squeeze in 200 years with millions of children in poverty despite their parents having jobs, according to union figures. Wages, which have lagged behind inflation, are worth £24 a week less than during the 2008 financial crisis and are not set to return to pre-crash levels until 2025, said the Trades Union Congress.By that time, workers will have lost out by around £18,500 in real earnings, the TUC claimed.It comes as tens of thousands of union members and campaigners will join the biggest demonstration for four years today calling for a “new deal”…

Windsor council is warning people to make their plans now if they want to join the party on Prince Harry and Meghan Markle’s big day. From travel plans, to accommodation, to choosing your ideal viewing spot, the council for the Royal Borough of Windsor & Maidenhead has released what it’s calling its PRINCE plan to make sure visitors are prepared.With around 100,000 people from around the world expected to arrive in the royal borough, it has been described as a once in a generation event. Image: The wedding has been described as a once in a generation event Road closures…

Barclays boss Jes Staley has been fined £642,430 by regulators over his attempt to unmask a whistleblower. An investigation by the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) sharply criticised Mr Staley’s response to the receipt of an anonymous letter by the bank in June 2016.The fine and public censure of the Barclays boss is unprecedented for a serving chief executive of a major bank.Barclays said following Friday’s announcement it would cut the value of Mr Staley’s 2016 bonus by £500,000 meaning that his acknowledged mistakes over the episode have cost him more than…

Sellafield Ltd will be prosecuted after an employee was contaminated during an incident in February last year. The Office for Nuclear Regulation (ONR) announced it was taking action for offences under the Health and Safety at Work Act.The charge relates to an incident at a facility which handles special nuclear materials run by Sellafield Ltd on 5 February 2017.The incident resulted in the “personal contamination” of an employee.A spokesman for the ONR said: “For legal reasons we are unable to comment further on the details of the case which is now the subject of active court proceedings.”Sellafield Ltd confirmed it…

Armed police are at the scene of a standoff after a man threatened health workers with a crossbow. The officers have been at a property in Stoke-on-Trent since Thursday afternoon after being called in to support health workers on a planned visit in the Chell Heath area.A man in his 30s began threatening the workers with a crossbow, police have said.In a statement, Staffordshire Police said: “This morning specialist officers remain at the scene, including armed police and specially trained negotiators.”We continue to negotiate with the man to bring this incident to a safe and peaceful resolution and get him…

Twelve North Korean waitresses who defected to South Korea two years ago were tricked by the South’s intelligence services, their manager has said. The man, who also now lives in the South, was speaking on South Korean broadcaster JTBC, which described him as the manager of a restaurant in China where the women had been working.He was not identified but said he had carried out the group’s escape with the help of South Korea’s National Intelligence Service.He also said the women did not know where they were going.This was confirmed by four women who told the same TV channel they…