Author: Loveworld UK

Low-cost airline Norwegian has rejected two takeover offers from British Airways owner International Airlines Group (IAG). The carrier has claimed the proposals were unanimously rejected by the board “on the basis that they undervalued NAS and its prospects”.IAG had last month bought a 4.6% stake in Norwegian with a view to starting takeover discussions but it said on Friday that it had been unable to reach agreement and was “currently considering its options” over the airline.Shares in Norwegian – which have been buoyed by the recent takeover interest – fell 10% on the latest disclosure, while IAG was up 5%.It…

The Nobel Prize for Literature will be not awarded this year over concerns that a “crisis” in the Swedish Academy is so serious that a prize decision would not be perceived as credible, organisers say. Carl-Henrik Heldin, chairman of the board of the Nobel Foundation, said in a statement posted on Twitter: “The Swedish Academy [which decides the award] has decided to postpone the 2018 Nobel Prize in Literature, with the intention of awarding it in 2019.”The Nobel Foundation said that the “crisis in the Swedish Academy has adversely affected the Nobel Prize”.It will be the first time since wartime…

The City watchdog is calling for reforms to help “mortgage prisoners” who are stuck on high borrowing rates but not allowed to switch. Tens of thousands of home owners who took out loans before the financial crisis are trapped on lenders’ standard interest rates because of changes to rules on whether they can afford repayments.It means that even if they have been paying off their mortgages every month they may not qualify to switch to a deal which is cheaper.The Financial Conduct Authority (FCA) is to consider seeking an industry-wide agreement to approve applications from those who took mortgages out…

Britain is set to bask in glorious sunshine this weekend with forecasters predicting the hottest early May bank holiday Monday since records began. Temperatures are expected to hit 27C (80.6F) in parts of the country on Monday – hotter than the French Riviera and the Costa del Sol.It comes as millions of Britons prepare to hit the roads, with 8.5 million car journeys forecast between Friday and Monday.The Met Office said it was “almost guaranteed” to be the hottest early May bank holiday Monday since 1999, when a record 23.6C (74.5F) was recorded in Hampshire, Worcester and Malden.The hottest early…

The hottest April temperature ever witnessed on Earth may have been recorded in Pakistan after meteorologists saw the weather reach a scorching 50.2C (122.4F). The 1.1 million people who live in the southern district of Nawabshah observed the blistering heat on Monday, with some meteorologists calling it a record.On Twitter, Etienne Kapikian of Meteo France, said it was the hottest April temperature ever recorded in Pakistan and the entire continent of Asia. 🌡️🔥Exceptionnel 50.2°C à Nawabshah au #Pakistan ce lundi 30/04/2018, #RECORD national de chaleur pour un mois d’avril ! 🔥🌡️(précédent : 50°C à Larkana le 19/04/2017)*** aussi un nouveau…

Britain’s dominant services sector managed only a muted recovery last month after snow disruption in March – leaving the wider economy on course to extend its weak growth spell. Figures from the sector – taken together with monthly surveys from the manufacturing and construction industries – pointed to a quarterly GDP growth rate of about 0.25% at the start of the second quarter.The pound briefly slipped below $1.36 against the US dollar on the report, which comes after official data last week showed first quarter growth at 0.1%, its slowest pace since 2012.Disappointing economic figures over recent days have sharply…

A powerful dust storm has killed 97 people and injured at least 143 more in north India. The storms uprooted trees and electricity poles, and brought down walls and houses in Rajasthan and Uttar Pradesh on Wednesday night.Some were also killed by lightning. Image: A man is carried from the debris of his damaged home following a major dust storm in Etmadpur, in Agra district Officials said the death toll may rise. About 150 animals have also been killed.Rajasthan’s chief minister, Vasundhara Raje, tweeted: “Have directed ministers and concerned officials to affected areas to begin relief work immediately and restore…

Cancer charities have demanded answers after a computer glitch led to 450,000 cancelled breast screenings and shortened up to 270 lives. Health Secretary Jeremy Hunt apologised for the scandal in the Commons on Wednesday, revealing that some women in the group “would have been alive today” if the failure had not happened.A Whitehall source told the Daily Mirror that an IT “upgrade” to the system in 2016 revealed a “computer algorithm failure” subsequently found to date back to 2009.The glitch was flagged up by NHS chiefs from at least three trusts last year but was only made public by Mr…

Regulators will pursue an investigation into Cambridge Analytica despite the data firm announcing its collapse. The Information Commissioner’s Office (ICO), which has been looking into the British firm’s handling of data harvested from millions of Facebook users, and raided its offices in March, said the inquiry would continue.Cambridge Analytica said on Wednesday that it had been the subject of “numerous unfounded accusations” and had been “vilified” for activities that were both legal and accepted as a “standard component of online advertising in both the political and commercial arenas”.It blamed a “siege of media coverage” for driving away customers, meaning the…

North Korea has moved three American prisoners from a labour camp to a hotel ahead of the planned summit with the US, a South Korean activist said. Academics Kim Hak Song and Tony Kim, and businessman Kim Dong Chul were moved this week to a hotel on the outskirts of Pyongyang following instructions from “superior authorities”, campaigner Choi Sung Yong is reported to have said.They are getting “health treatment” and “ideological education”, he added.A South Korean official is reported to have said their release has been negotiated over the past two months and is “imminent”.The trio, who are not related,…