Author: LoveWorld UK

MACRON SAYS G7 SUMMIT WAS A SUCCESS – Macron also said an agreement between the United States and Iran had been signed  French President Emmanuel Macron on Thursday (June 18) said a Group of Seven summit this week had been “a success” and showed unity behind Ukraine. Macron also said an agreement between the United States and Iran had been signed at Versailles, which he described as a step toward ending conflict and restoring peace, including the reopening of the Strait of Hormuz without tolls during a 60-day negotiating period covering nuclear, ballistic and regional issues.  On Ukraine, Macron said…

U.S. AND IRAN PRESIDENTS SIGN CEASEFIRE AGREEMENT – The U.S. and Iran released the text of an interim agreement  U.S. President Donald Trump on Monday said an agreement with Iran has been signed and that the text of the deal would be released sometime after a formal signing on Friday, adding that the Strait of Hormuz would also be fully open. Speaking alongside French President Emmanuel Macron ahead of this week’s G7 meeting in France, Trump said he did not know if he would attend the Friday ceremony expected in Geneva, but that U.S. Vice President JD Vance would be…

PM REJECTS CALLS TO STEP ASIDE – PM vows to stay on as questions over leadership continue Prime Minister Keir Starmer has insisted he will not step down, declaring that his critics have been “wrong every time” as speculation over his leadership continues. Speaking on the sidelines of the G7 summit in France, Starmer dismissed calls for him to quit and reiterated his commitment to leading the country through ongoing economic and security challenges. The Prime Minister also welcomed efforts to end the conflict between the United States and Iran, saying Britain would play its “full part” in supporting the…

UK HITS RUSSIA WITH NEW SANCTIONS – Measures target shadow fleet, finance networks and military suppliers  The UK has announced 70 new sanctions against Russia, targeting its shadow oil fleet, military procurement networks and financial channels used to bypass existing restrictions. The measures, unveiled during the G7 summit, include sanctions on more than 20 oil tankers, shipping companies and insurers accused of helping Moscow continue exporting energy and funding its war in Ukraine. The government has also targeted a Russian military intelligence procurement network accused of acquiring Western technology for the Kremlin’s armed forces, sanctioning several companies and individuals linked…

SPACEX STRIKES $60BN AI TAKEOVER – Musk expands AI ambitions days after record-breaking IPO  SpaceX has agreed to acquire artificial intelligence coding start-up Cursor in a deal worth 60 billion dollars, marking a major expansion of Elon Musk’s ambitions in the rapidly growing AI sector. The agreement comes just days after SpaceX made history with the largest initial public offering ever, raising more than 85 billion dollars and achieving a valuation exceeding two trillion dollars. Cursor develops AI-powered coding tools used by major technology firms and is considered one of the fastest-growing companies in the sector. The acquisition is expected…

SYRIA SIGNS DEAL TO REVIVE GAS PRODUCTION  – The deal was signed with ConocoPhillips and Novaterra The Syrian Petroleum Company, U.S.-based ConocoPhillips, and energy firm Novaterra have signed a deal in Damascus to develop new gas fields and expand production at existing fields, according to a joint statement. Syrian Energy Minister Mohamed al-Bashir said the deal aimed to improve the stability of Syria’s electricity network and contribute to the country’s economic recovery. He did not say which fields specifically were included. ConocoPhillips worked in Syria until about two decades ago. In May, it signed a deal with French oil major…

THAMES WATER FACES NATIONALIZATION – The government rejected a £10 billion bailout FS Thames Water is edging toward temporary public ownership after Environment Secretary Emma Reynolds formally rejected a proposed £10 billion rescue package. Reynolds argued that the plan, spearheaded by a consortium of hedge funds known as London & Valley Water, would place an unfair financial burden on customers while failing to adequately address the utility’s systemic operational and environmental failings.  The rejected proposal included a £3.35 billion equity injection and a £6.55 billion debt facility, alongside a pledge to write off £9.4 billion of existing debt and invest…

CHINA’S RETAIL SALES DROP – Sales drop for first time in three years;new home prices fall at faster pace in May  China’s retail sales fell for the first time in over three years and slid 0.6% in May, data from the National Bureau of Statistics (NBS) showed on today,, which was the first monthly fall since December 2022. Property investment extended its decline in the first five months, dropping 16.2% compared with the same period last year after falling 13.7% in January-to-April. Property sales and new construction also fell more sharply. Investment data was also much weaker than expected. Fixed-asset…

BURNHAM LOSES 10 POINT LEAD  – Andy Burnham’s popularity has plummeted 5% ahead of the crucial Makerfield by-election  Andy Burnham’s popularity has plummeted by 5% ahead of the crucial Makerfield by-election, a poll has shown.  He still holds a slight advantage according to recent polls. The Labour leadership hopeful also had an approval rating of minus 7 per cent in a poll by Ipsos, down 15 percentage points on the previous month.  It is the lowest net rating that has ever been recorded for him by Ipsos. Mr Burnham, who still has the highest net score of any politician, has…

PAKISTAN COULD IMPROVE ECONOMIC PROJECTIONS – Iran war pushed inflation to double digits  Pakistan could improve economic projections for 2027 after the end of the Iran war, but it is still too early to revise the budget, Finance Minister Muhammad Aurangzeb said  on Monday, hours after the U.S. and Iran signed a deal to end the fighting. Damaged energy infrastructure meant supply chains would take time to return to normal, after the conflict pushed inflation back into double digits, Aurangzeb said. Aurangzeb, a former banker, has presented three consecutive budgets, a rare run in Pakistan, where governments often fail to…