Author: LoveWorld UK

INDONESIA SAYS U.S. TRADE DEAL HAS BEEN REACHED – The deal resulted in a reduction of proposed U.S. tariff rates to 19% from 32% Indonesia said it had reached a trade deal with the United States after an “extraordinary struggle” in negotiations, which resulted in a reduction of proposed U.S. tariff rates on Indonesian goods to 19% from 32%. U.S. President Donald Trump said a deal had been struck after he spoke to Indonesian President Prab-owo Subi-anto. The deal is among only a handful reached so far by the Trump administration ahead of an August 1 deadline for negotiations. “This…

TRUMP IS TO MEET STARMER TO REFINE TRADE DEAL – The meeting will take place during President Trump’s trip to Scotland President Donald Trump said that he is set to meet Prime Minister Keir Starmer during his trip to Scotland and refine the trade deal agreed upon by the two leaders. “We are going to have a meeting with him, probably in Aberdeen. And we’re going to do a lot of different things, also refine the trade deal that we’ve made,” Trump said. A White House official earlier said that Trump plans to visit both his Turnberry and Aberdeen golf…

UKRAINE’S PM SUBMITS RESIGNATION LETTER- Zelenskiy has nominated Svyrydenko to replace Shmyhal  Ukrainian Prime Minister Denys “She-mal”(Shmyhal) stated today that he had submitted a resignation letter. President Volodymyr Zelenskiy yesterday nominated First Deputy Prime Minister Yulia Svyry-d-enka, who is also the economy minister, and a close and long-standing ally of Zelenskiy, to replace Shmyhal. Shmyhal, who has been in his post since March 2020, is expected to be appointed as Ukraine’s new defence minister, Zelenskiy said on Monday. Parliament is due to vote on Svyry-d-enka’s nomination later this week. Zelenskiy said that he had already discussed priority tasks for the…

NEW EU SANCTIONS AGAINST RUSSIA REJECTED – EU proposed a 15 % floating price cap on Russian oil The European Union did not approve new Russia sanctions on Tuesday, Vice President of the European Commission Kaja Kallas said after a meeting with EU foreign ministers in Brussels. Kallas, who states that she was “really sad” the sanctions did not get approved, remains hopeful for a deal, adding that the ball is in Slovakia’s court.  Slovakia has blocked the EU’s latest sanctions package until its concerns are addressed over a separate EU proposal to phase out imports of Russian gas by…

ATLETICO AGREE DEAL TO SIGN ARGENTINE ALMADA FROM BOTAFOGO – The contract is reported to be until 2030 after Atletico paid around 21 million euros Atletico Madrid have agreed a deal to sign Argentina midfielder Thiago Almada from Brazilian side Botafogo, the LaLiga club confirmed. “Our club and the Brazilian club have reached an agreement pending confirmation once the player passes the relevant medical examination and initiates the contract,” Atletico said in a statement. Local media reports said that Almada is set to sign a contract until 2030 after Atletico paid around 21 million euros for the 24-year-old, who can…

TRUMP TO PROCEED WITH PHARMACEUTICAL TARIFFS – Low duties to start end of July & higher rates in 2026 United States President Donald Trump revealed fresh details on planned duties on pharmaceutical imports, announcing that the U.S. would proceed with the tariffs by the end of July. Trump said the duties would start with “a low tariff” rate to give companies time to move manufacturing to the U.S. before imposing a “very high tariff” in a year or so. The August 1 deadline gives targeted countries time to negotiate lower tariff rates. Some economists have also noted Trump’s tendency to…

UK INFLATION RISES TO HIGHEST SINCE JANUARY 2024- Office for National Statistics says the core rate climbed from 3.5% to 3.7%  Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, official figures showed on Wednesday. June’s reading from the Office for National Statistics took the annual CPI rate to its highest since January 2024. According to the Office for National Statistics (ONS), the core rate, which excludes volatile food and energy costs, was also higher than expected, climbing to 3.7% from 3.5%. The ONS also stated that the rising…

UK REGULATOR FINES BARCLAYS £42 MILLION- For lapses In financial crime control Britain’s financial regulator fined Barclays £42 million on Wednesday for failing to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek. The biggest portion of the fine is related to its banking relationship with gold bullion business Stunt & Co, a customer of Fowler Olfield which was linked to a major money laundering operation. The Financial Conduct Authority (FCA) said Barclays failed to properly vet Stunt & Co, even as the firm received 46.8 million pounds from Fowler Oldfield. It continued offering…

U.S. INFLATION RISES 2.7% IN JUNE – Core inflation increased by 2.9%  The United States Consumer Price Index (CPI) rose by 2.7 percent in June from a year earlier, marking the largest increase since February, according to data released Tuesday by the Bureau of Labor Statistics. The CPI figure is higher than general expectations and the average pace of 2.4 percent in the first five months. Analysts attributed the rise to increased tariffs on the country’s trading partners since U.S. President Donald Trump assumed his second term. Core inflation, which excludes volatile food and energy prices and is considered a…

SCHAUFFELE STARTING WITH BLANK CANVAS FOR OPEN DEFENCE – He says he’ll devise a different plan to the one that took him to victory 12 months ago Xander Schauff-ele is super-excited at the prospect of trying to defend his British Open title at Royal Portrush this week, but says he will have to come up with a different plan to the one that took him to victory 12 months ago. The 31-year-old produced a blemish-free final-round of 65 at Royal Troon last year to win his second major title to go along with his gold medal from the Tokyo Olympics.…