Author: LoveWorld UK

POUND STERLING WEAKENS FOLLOWING CHANCELLOR’S TEARS – It fell nearly 1% while government borrowing costs spiked following an emotional Rachel Reeves The pound continued its slide, even after Sir Keir Starmer insisted that Rachel Reeves will remain Chancellor “through to the next election.” The Pound Sterling fell nearly 1% during the day, while government borrowing costs spiked, following an emotional appearance by the Chancellor in the Commons. Market jitters intensified after the Prime Minister initially failed to publicly back Reeves when questioned in Parliament, though he later offered his support. Despite Starmer’s statement, the pound and gilt yields—reflecting the returns…

US CALLS IRAN’S DECISION TO SUSPEND IAEA COOPERATION ‘UNACCEPTABLE’ – UN urges nuclear transparency while US warns of missed peace opportunity The United States said it was unacceptable that Iran had chosen to suspend cooperation with the International Atomic Energy Agency. Iranian President Masoud Pezeshkian put into effect on Wednesday a law passed by parliament last week to suspend cooperation with the U.N. nuclear watchdog, Iranian state media reported. State Department spokesperson Tammy Bruce told a regular briefing that this was unacceptable and Tehran must cooperate fully with the U.N. agency without further delay.

EU PROPOSES INTERNATIONAL CO2 CREDITS FOR NEXT CLIMATE GOAL- In a bid to reach net zero emissions by 2050. The European Commission today has proposed an EU climate target for 2040 that, for the first time, will allow countries to use carbon credits from developing nations to meet a limited share of their emissions goal. The European Union executive proposed a legally-binding target to cut net greenhouse gas emissions by 90% by 2040, from 1990 levels, to keep the EU on course for its core climate aim to reach net zero emissions by 2050. But following opposition from governments including…

NEARLY 1,000 BRITONS AGREE TO SHORTER WORKING DAYS AFTER TRIAL- 17 British businesses in a 6 month trial of the four-day week have agreed to continue Nearly 1,000 British workers will keep a shorter working week after the latest trial of a four-day week and similar changes to traditional working patterns. All 17 British businesses in a six-month trial of the four-day week agreed to continue with an arrangement consisting of either four days a week or nine days a fortnight. All the employees remained on their full salary. The trial was organised by the 4 Day Week Foundation, a…

ILLEGAL MIGRANTS ATTEMPT CHANNEL CROSSING TO UK FROM FRANCE- The Total number of illegal migrants arriving UK in the first half of 2025 is 19,982. More than 100 migrants departed on two inflatable boats from France’s coastal town of Gravelines on Wednesday (July 2) for the UK. Another group of migrants tried to get on one of the boats but were turned back, while others walked along the dunes, some wearing life jackets. Data from Britain’s interior ministry showed that 879 migrants arrived on Monday (June 30) taking the total for the first half of 2025 to 19,982, a 50%…

CHANCELLOR REEVES VISIBLY UPSET AT PARLIAMENT – Opposition Leader Badenoch says Labour MPs regard Reeves as ‘toast’ There were emotional scenes in Parliament, as Chancellor Rachel Reeves was seen wiping away a tear during Prime Minister’s Questions. The moment came as Conservative leader Kemi Badenoch sharply criticised Labour’s U-turn on welfare cuts, accusing the party of backtracking under pressure and questioning whether Reeves would remain in post until the next election. Badenoch claimed Labour MPs had described Reeves as “toast,” and pressed Sir Keir Starmer to publicly back his chancellor — a question he did not directly answer. Despite the…

MPS APPROVE BAN OF PALESTINE ACTION AS TERRORIST GROUP – Legislation to proscribe the protest group has been supported by the Commons MPs voted to ban pro-Palestinian campaign group Palestine Action as a terrorist organisation, after its activists broke into a military base and damaged two planes in protest at what it says is Britain’s support for Israel. Palestine Action, which describes itself as a direct action movement that uses disruptive methods, has routinely targeted companies in Britain with links to Israel, including Israeli defence firm Elbit Systems ESLT.TA, which it has called its “main target.” Britain’s Labour government accused…

The monthly Global Communion Service with the man of God, Reverend Chris Oyakhilome DSc., DSc., DD is set to take place in July 2025. Excitement is building as multitudes prepare to partake in this special service, scheduled for Sunday, July 6th, 2025, at 3 PM GMT+1. With heightened expectations, the global audience eagerly anticipates the Spirit’s direction for this gathering. The service will be filled with heartfelt prayers, uplifting praise, and powerful testimonies, celebrating God’s wondrous works.

OIL SET FOR STEEPEST WEEKLY DECLINE IN TWO YEARS AS RISK SUBSIDES – Analysts expected a weekly fall of about 12%. In clear evidence of profiteering, oil prices rose today, though they were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. Brent crude futures LCOc1 rose 54 cents, or 0.8%, to $68.26 a barrel, while U.S. West Texas Intermediate crude CLc1 gained 60 cents, or nearly 0.9%, to $65.83. During the 12-day war that started after Israel targeted Iran’s nuclear facilities on June…

BOOTS AND SPECSAVERS TO OFFER MORE NHS CARE SERVICES – The 10-year health plan would set out a much greater role for private companies Companies such as Boots and Specsavers will offer more NHS care under plans to shift services onto the high street. Wes Streeting said a 10-year health plan would set out a much greater role for private companies in carrying out checks normally done in hospitals. The Health Secretary also said shifting care out of hospitals into the community would mean more services in shopping areas, close to people’s homes, to make them more convenient. Mr Streeting…