Author: LoveWorld UK

IRAN PARLIAMENT APPROVES MONEY OVERHAUL-In a bid to simplify transactions after years of inflation Iran has gained parliamentary approval for a monetary overhaul to remove four zeros from its national currency over the next few years to simplify transactions after years of inflation. Years of inflation above 35% have reportedly caused Iran’s currency to plunge to 1,150,000 rials to the dollar on the free market, making it difficult for people to make sense of bills or financial statements. The approval was reported by state media on Sunday (October 5) after parliament had resolved objections from the Guardian Council to pass…

UK POLICE EMPOWERED TO BAN PROTESTS- The UK govt says British police will also be empowered to stop repeat protests The Uk government stated that the British police will be given powers to restrict repeat protests in the same place, after the latest pro-Palestinian demonstration went ahead despite requests to cancel it in the wake of a deadly attack at a synagogue. The UK Home Secretary Shabanna Mahmood said the new powers will allow senior police officers to consider the cumulative impact of previous protests on a local community. The Office also stated that Mahmood is due to review the…

WALL STREET ENDS HIGHER – Tech support offset labour FS The Nasdaq marked a record closing high with support from the technology sector while the benchmark S&P 500 barely managed to notch a record close as investors cautiously monitored private labour market data on the second day of a U.S. government shutdown. The benchmark index’s valuation was around its highest level since 2020, with help from heavyweight technology companies including AI chip leader Nvidia and Broadcom. With no official government data available because of the shutdown, investors were monitoring information from other sources. A report from global outplacement firm Challenger,…

EU LEADERS SUMMIT IN PROGRESS- starmer says Illegal migration would be discussed to explore further options that can be taken EU leaders arrived for the second day of a summit in Copenhagen today for the European Political Community. Prime Minister Keir Starmer stated that Illegal migration would be discussed to explore further options that can be taken. The gathering of several heads of state and government and European Union leaders, will be the first opportunity for leaders of the EU’s 27 countries to debate a proposal to use Russian assets frozen in Europe to fund a loan of 140 billion…

MOSQUITOES IN EUROPE IS A ‘PUBLIC HEALTH THREAT’ – UKHSA says Egyptian and  Asian tiger/forest mosquitoes were spotted in the UK The UK Health Security Agency (UKHSA) has warned that tropical disease-carrying mosquitoes have reportedly been found in the UK, adding that their presence in Europe poses a “significant public health threat” Research teams from the UKHSA have claimed the discovery of Egyptian mosquitoes and  Asian tiger or forest mosquitoes in surveillance traps set to monitor the presence of non-native species in the UK. The UKHSA is known to reportedly monitor mosquito presence in the UK through surveillance at ports,…

STARMER TO CHAIR EMERGENCY COBRA MEETING- After police reports of stabbing incident in Manchester Synagogue Prime Minister Keir Starmer has stated that he would be chairing an emergency COBRA meeting in response to the stabbing incident, which took place in a synagogue in Manchester. Greater Manchester police said two people were reportedly killed, with three in critical condition, after a hideous attack outside a synagogue in Crumpsall by a male suspect who has reportedly been taken out by the police. Following this incident, London Mayor Sadiq Khan stated that the Met police service will be stepping up high visibility policing…

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,…