Author: LoveWorld UK

GOLD HITS RECORD HIGH AS U.S GOVERNMENT SHUTS DOWN – Weak jobs data lift safe-haven rush FS Gold hit a record high as investors sought safe-haven assets amid growing risks of a U.S. government shutdown. At the same time, weak labour data strengthened expectations of further interest rate cuts by the Federal Reserve. Spot gold rose 0.4%. U.S. gold futures for December delivery gained 0.7%. The dollar index hovered near a one-week low, making dollar-priced gold more affordable for overseas buyers. Gold is benefiting from “concerns over a weaker dollar, and the political situation with the standoff about a government…

WHITE HOUSE WARNS LAYOFFS ARE IMMINENT – VP says ‘Open up the people’s government’ The White House issued a grim warning today that government layoffs are imminent as the federal shutdown stretches into its second day. Press Secretary Karoline Leavitt told reporters that federal agencies are already preparing for cuts. The warning signals a significant escalation in the crisis, moving beyond temporary furloughs to the very real threat of job losses for federal employees if a funding deal isn’t reached quickly.  Although Vice President JD Vance acknowledged the risk of escalation, he insisted no final decisions have been made, telling…

CANADA POSTAL WORKERS STRIKE CONTINUES- Canada Post employees gathered in downtown Toronto for the 7th day in a strike protest Canadian postal workers protested against government measures to overhaul the national postal service, nearly a week into a strike that has stopped mail delivery. Numerous Canada Post employees gathered in downtown Toronto as part of a National Day of Action organised by the Canadian Union of Postal Workers (CUPW). The union is trying to negotiate a new contract and opposes proposed government budget cuts that include ending door-to-door delivery and closing some rural post offices. Protesters said the changes are…

EU LEADERS DISCUSS SECURITY MEASURES- President Costa says EU Leaders have indicated support for initial priority flagship projects European Council President Antonio Costa, after the EU meeting in Copenhagen said EU leaders have indicated support for initial priority flagship projects to strengthen Europe’s security, including the European drone wall and the eastern flank watch. EU President Ursula von der Leyen said at the news conference that  Belgium cannot be the only member state that carries the risk of using Russia’s frozen assets to provide a 140 billion euro loan to Ukraine. European leaders have expressed general support for the idea,…

STARMER TO END ASYLUM TICKET FOR RESETTLEMENT -No 10 outlined plans to strip claimants of the right to automatically invite spouses Prime Minister Keir Starmer has stated that people granted asylum will no longer be given “the golden ticket” of resettlement and family reunion rights, amid deepening concerns from charities that his words are demonising refugees. Whilst Starmer prepared to discuss illegal migration with European leaders, No 10 outlined plans to strip successful claimants of the right to automatically invite spouses and children to join them. The right to permanently settle in the UK will be bestowed upon those who…

SCOTTISH PARLIAMENT TO CAP RENT INCREASE- Ministers to designate rent control zones to limit rent increase by council The Scottish parliament has voted overwhelmingly for “historic” long-term rent controls – a first across the UK – as part of a wide-ranging housing bill that campaigners argue has been “gutted” of its most progressive measures. The provision for ministers to designate rent control zones, allowing councils to limit rent increases to one percentage point above inflation, up to a maximum rent increase of 6%, was hailed as a “historic step for fixing the rigged housing market” by the Scottish Greens. They…

REAL MADRID TO 5-0 WIN AGAINST KAIRAT – Kylian Mbappe scored a hat-trick and reached 60 Champions League goals Kylian Mbappe scored a hat-trick as Real Madrid cruised to a 5-0 victory over Champions League debutants Kairat Almaty on Tuesday (September 30). Fresh from a 5-2 loss to Atletico Madrid in LaLiga, Xabi Alonso’s side responded emphatically in Kazakhstan, with Mbappe leading the charge. The French forward opened the scoring in the 25th minute from the penalty spot and doubled their lead from a quick counter early in the second half. Mbappe completed his hat-trick in the 73rd minute with…

MOURINHO DEFEATED – Chelsea’s 1-0 victory over Benfica resulted in a losing return to Stamford Bridge for the manager  It was a warm welcome but a disappointing return to Stamford Bridge for Jose Mourinho, as his Benfica side fell 1–0 to Chelsea in the Champions League. The match was decided early, when Chelsea’s Pedro Neto found Alejandro Garnacho at the far post—his cross turned into the net by Benfica’s Richard Rios for an own goal in the 18th minute. Mourinho, who won three league titles across two spells at Chelsea, was cheered by home fans who sang his name—contrasting with…

ENERGY PRICE CAP RISE – Energy bills climb to £1,755 as winter demand surges Households across Great Britain are facing higher energy costs from today, as the latest price cap comes into effect just as the central heating is switched on. For a typical household, the energy regulator Ofgem’s price cap is rising by 2%, adding £35 to the average annual bill, which now stands at £1,755 a year. The increase may seem small, but it comes as energy consumption rises sharply for the autumn and winter. One calculation suggests the average home on a standard tariff will spend £140…

AUSTRALIA PM WORRIED AS CHINA PAUSES BHP – Iron ore dispute rises during price talks Australian Prime Minister Anthony Albanese said on Wednesday (October 1) he was concerned about a report that China’s state iron ore buyer had taken steps to pause purchases of iron ore cargoes from miner BHP. Bloomberg News, citing people familiar with the matter, reported on Tuesday (September 30) that state-owned China Mineral Resources Group (CMRG) had asked the country’s steelmakers and traders to pause purchases of BHP’s dollar-denominated seaborne iron ore cargoes during annual price negotiations. “I am concerned about that and what we want…