Author: LoveWorld UK

DJOKOVIC MAKES SMOOTH START TO BID FOR 25TH GRAND SLAM TITLE – Djokovic pummeled McDonald into submission with a dominant 6-3 6-3 6-3 win  Novak Djokovic braved strong winds and light rain but found little resistance from American Mackenzie McDonald, cruising into the French Open second round to start his bid for a record 25th Grand Slam crown. The sixth-seed Serbian, fresh from his title win in Geneva last week — the 100th of his career — pummeled McDonald into submission with a dominant 6-3 6-3 6-3 win on the same court he claimed singles gold at the Paris Olympics…

TEMU’S CHINESE OWNER SEES PROFITS DROP AMID TRADE TENSIONS –  Company reports a near 50% fall in Q1 net profit Chinese e-commerce firm PDD Holdings saw first-quarter net profit drop 47% to 14.74 billion yuan (£1.6 billion), as its domestic platform faced fierce local competition and its international arm was hit by global trade uncertainty. The company’s U.S.-listed shares fell over 17%. Despite retailer discounts and government efforts to boost spending, China’s prolonged property crisis continues to dampen consumer confidence, even on PDD’s Pinduoduo, which has outperformed rivals with its low-price strategy. Bo Pei, an analyst at U.S. Tiger Securities,…

NVIDIA EARNINGS TO REVEAL HIT FROM US EXPORT CURBS ON CHINA – A move expected to cost $5.5 billion Nvidia investors will seek clarity on the impact of U.S. chip export curbs to China when the company reports earnings today, amid signs that other regulatory changes could open new markets. Last month, the Trump administration restricted exports of Nvidia’s H20 chip to China—a move expected to cost the company $5.5 billion.  CEO Jensen Huang said Nvidia had abandoned $15 billion in Chinese sales due to the curbs, though he estimates the country’s AI chip market could be worth $50 billion…

THAMES WATER GIVEN LARGEST-EVER £123,000,000 FINE FROM OFWAT – Illegal sewage is being pumped into our rivers. Thames Water, the UK’s biggest water provider, has been hit by a record fine by regulator Ofwat. The company has been fined £122.7m following Ofwat’s “biggest and most complex” investigation. It follows two investigations related to Thames Water’s wastewater operations and dividend payouts. Of the total fine, £104.5m – 9% of Thames Water’s turnover – has been levied for breaches of wastewater rules, just below the maximum 10% of turnover that Ofwat could have applied. Another £18.2m penalty will be paid for breaches…

MAN QUESTIONED FOR ATTEMPTED MURDER IN LIVERPOOL PARADE CRASH – Police said they were questioning a 53-year-old man from West Derby Police said they are still questioning a 53-year-old man from Liverpool, who was arrested on suspicion of attempted murder, dangerous driving offences and driving while unfit through drugs.  They said eleven people remain in hospital after a car ploughed into a crowd of Liverpool fans during a Premier League title parade. A car ploughed into a crowd of Liverpool fans celebrating in the streets during a Premier League title parade, the city’s mayor said on Tuesday, adding he hoped…

COVID VACCINE REMOVED FROM IMMUNISATION SCHEDULE – The delivery of Trump’s promise to Americans has begun  Based on all health indicators and global comparisons, Americans are becoming sicker, beset by illnesses that the US medical system isn’t addressing effectively. In the United States, six out of 10 adults have at least one chronic condition, and four in 10 have two or more. Before COVID, American life expectancy averaged 78.8 years, while comparable countries averaged 82.6 years, creating a gap that equates to 1.25 billion fewer life years for Americans. The United States has the highest age-standardised cancer incidence rate across…

UKRAINE REVAMPS CRITICAL MINERALS SECTOR – Eyes Billions In Investment From US Deal Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals deal with the U.S., its ecology minister said. Minister Svitlana Hrynchuk told reporters in an interview that Ukraine hoped the fund would significantly increase the mineral industry’s potential, noting that extraction was a capital-intensive and long-term task. Hrynchuk estimated that the sector had suffered losses of about 70 trillion hryvnias ($1.7 trillion) due to the occupation…

STILL IMAGES SHOW TRUCKS DELIVERING AID TO GAZA – Uncertainty about whether any assistance had reached civilians Still images provided by the Gaza Humanitarian Foundation (GHF) showed trucks carrying boxes supplying aid to Gaza on Monday, May 26th. We have been able to independently verify the location and date with the original file metadata from the source. The U.S.-backed foundation tasked with supplying aid to Gaza said it began operations on Monday, delivering truckloads of food to designated distribution sites following uncertainty about whether any assistance had reached civilians. The aid plan, which has been endorsed by Israel but rejected…

GERMANY’S STEINMEIER RECEIVES POLISH PRESIDENT DUDA IN BERLIN – Opinion polls suggest that the race between Trzaskowski and Nawrocki remains close  German President Frank-Walter Steinmeier received Poland’s outgoing President Andrzej Duda with military honours in Berlin. Duda’s visit to Bellevue Palace is likely to be one of his last official foreign visits as president, as Poland will be going to the polls for the second round of presidential elections on June 1. Polish voters will choose between Rafal Trzaskowski, the liberal mayor of Warsaw and ally of Prime Minister Donald Tusk, and Karol Nawrocki, who, like Duda, is aligned with…

ECB CHIEF CALLS FOR STRONGER GLOBAL ROLE OF EURO – Warning that the global dominance of the U.S. dollar is facing increasing uncertainty The European Central Bank (ECB) President Christine Lagarde called for a greater international role of the euro, warning that the global dominance of the U.S. dollar is facing increasing uncertainty. Speaking at an event at Hertie School in Berlin, Germany, Lagarde expressed her concerns about the risks posed to Europe by the fragmentation of the international system. The ECB chief suggested that the changing global landscape could open the door for the euro to take on a…