Author: LoveWorld UK

LLOYDS, NATWEST, AND HSBC UNDER FIRE – The UK lenders relied on flawed net zero study which influenced their corporate lending decisions Some of Britain’s largest lenders, including Lloyds, NatWest, and HSBC, are facing intense criticism for relying on a significantly flawed net zero study that may have influenced their corporate lending decisions. The banks used climate research from the Network for Greening the Financial System (NGFS), which recently warned that some of its core analysis was based on an inaccurate academic paper that has since been retracted. Lloyds, NatWest, and HSBC have all confirmed their use of the NGFS…

UK GIVES ABRAMOVICH CHELSEA CASH ULTIMATUM – Government demands release of 2.5 billion pounds from sale to fund Ukraine aid  Britain on Wednesday said it was giving Russian oligarch Roman Abramovich a final chance to pay 2.5 billion pounds ($3.33 billion) for the sale of Chelsea Football Club to Ukraine, otherwise it would be ready to take him to court. Britain sanctioned Abramovich in a crackdown on Russian oligarchs after Moscow’s invasion of Ukraine in 2022, triggering a rushed sale of the Premier League club and freezing of the proceeds. Britain wants the funds spent only in Ukraine in line…

RUSSIA MAKING UNREASONABLE PEACE DEMANDS – Italy’s PM says MOSCOW’S stance hinders progress as talks aim to end Ukraine war soon! Italy’s Prime Minister Giorgia Meloni says Russia is making unreasonable demands in peace talks on Ukraine.  She told reporters that Moscow’s position is blocking meaningful progress toward ending the war.  Meloni said negotiations must be based on respect for Ukraine’s sovereignty and international law. Her comments come amid renewed diplomatic efforts to explore possible ceasefire frameworks. Italy remains a strong supporter of Ukraine and continues to back European and NATO positions. Russian officials have repeatedly said their conditions are…

UK TO REGULATE CRYPTOCURRENCY – The rules are to take effect in 2027 to increase consumer protection and transparency The UK Treasury is introducing new legislation that will subject cryptocurrencies to regulation similar to traditional financial products, with the rules expected to take effect in 2027. This overhaul aims to increase consumer protection and transparency within the rapidly growing crypto market. The new framework will require crypto companies—including exchanges and digital wallet providers—to meet a rigorous set of standards overseen by the Financial Conduct Authority (FCA). Historically, cryptocurrencies have operated outside the regulatory perimeter governing traditional financial products like stocks…

US SUSPENDS TECH DEAL WITH BRITAIN – Talks halted mid concerns over regulation security and data sharing  The United States has suspended a planned technology agreement with Britain, according to the Financial Times. The report says negotiations were paused over concerns related to regulation, security, and data sharing, but sources cited by the paper indicate US officials want clearer safeguards before moving forward. The deal was expected to deepen cooperation on emerging technologies including artificial intelligence. British officials have not publicly commented on the reported suspension. The move may strain recent efforts to strengthen transatlantic economic ties and analysts say…

EU LEADERS TRY TO GAIN UKRAINE AGREEMENT – European countries pledge security guarantees for Ukraine  Both the U.S. and European leaders were committed to working together to provide robust security guarantees and economic recovery support for Ukraine in the context of an agreement on ending the nearly four-year war, according to a joint statement released on Monday. The statement was signed by leaders of Germany, France, the United Kingdom, Italy, Poland, Finland, Norway, Sweden, the Netherlands, and the European Union after two days of talks regarding a peace plan for ending the Ukrainian crisis in Berlin, Germany. According to the…

TRUMP SAYS BBC APOLOGY ISNT GOOD ENOUGH – Donald Trump sues BBC for $10bn {JC} President Donald Trump has sued the BBC for defamation over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol, opening an international front in his fight against media coverage he deems untrue or unfair. Trump, in his lawsuit filed Monday in Miami federal court, said the BBC despite its apology “has made no showing of actual remorse for its wrongdoing nor meaningful institutional changes to prevent future journalistic abuses.” He is seeking up to $10 billion in…

EU KILLS 2035 COMBUSTION CAR BAN – Its emissions target is reduced to 90% The European Union has reportedly scrapped its plan to enforce a full ban on the sale of new combustion engine (ICE) cars by 2035. Manfred Weber, President of the European Parliament’s largest party, the EPP, confirmed that the 100% phase-out plan is now “off the table.” Instead of an outright technology ban, the EU will adopt new, flexible emissions reduction rules for car manufacturers. Weber suggested the decision was made to protect the sector, emphasizing that the retention of engine production for Europe “secures tens of…

JAPAN BUSINESS MOOD HITS 4-YEAR HIGH – Expectations are reinforced for the Bank of Japan to raise interest rates at its two-day policy meeting Big Japanese manufacturers’ business sentiment hit a four-year high in the three months to December, a closely watched central bank survey showed, suggesting the economy was weathering the hit from higher U.S. tariffs. The outcome reinforces market expectations the Bank of Japan (BOJ) will raise interest rates at its two-day policy meeting ending on Friday (December 12). The headline index measuring big manufacturers’ business confidence stood at +15 in December, the “tankan” survey showed, up from…

MEN’S AND WOMEN’S PREMIER PADEL FINAL – Spanish and Argentine players claim wins Spanish and Argentine players claim wins at the Spanish pair Claudia Fernandez and Beatriz Gonzalez and Argentine Agustin Tapia and Spaniard Arturo Coello claimed wins at the Premier Padel Finals in Spain. Fernandez and Gonzalez defeated the top ranked pairing of Spaniard Gemma Triay and Argentine Delfina Brea 6-4 0-6 6-3 to claim the top step of the podium at the Palau Sant Jordi in Barcelona. On the men’s side, co-ranked world number ones Tapia and Coello teamed up to defeat Spaniard Alejandro Galan and Argentine Federico…