Author: LoveWorld UK

BRITISH STEEL SECTOR SHUTS OUT CHINA – Emergency legislation passed to ensure control of Chinese-owned British Steel British Business Minister Jonathan Reynolds, said China is no longer welcome in Britain’s steel sector after the government had to pass emergency legislation on Saturday to ensure control of Chinese-owned British Steel. Reynolds said the refusal of China’s Jingye Group 600768.SS to accept a roughly 500 million pound government aid package last week to stop irrevocable damage to blast furnaces left the government with no alternative to intervening directly. In an interview, he said that against a backdrop of global overcapacity in much…

EXEMPTED ELECTRONIC PRODUCTS TO COME UNDER SEPARATE TARIFFS – U.S. Commerce Secretary Howard Lutnick said in an interview U.S. Commerce Secretary Howard Lutnick said in an interview that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or so. U.S. President Donald Trump’s administration late on Friday (April 11) granted exclusions from steep tariffs on such products, imported largely from China, providing a big break to tech firms like Apple that rely on imported products. The U.S. Customs and Border Protection agency notice of tariff codes on Friday…

NHS IS SET TO RECEIVE ITS OWN DEDICATED POSTAL CLASSIFICATION – The move is aimed at reducing the number of missed appointments caused by delayed letters The NHS is set to receive its own dedicated postal classification, aimed at reducing the number of missed appointments caused by delayed letters. Health Secretary Wes Streeting announced a new partnership between the NHS and Royal Mail that will introduce a barcode system exclusively for NHS correspondence. The change is expected to ensure appointment letters and other vital communications reach patients promptly, even during periods of postal disruption. In a joint letter to Ofcom,…

UKRAINE’S PARLIAMENT SPEAKER ANTICIPATES EXTENDED MARTIAL LAW- Stefanchuk says the war is not over. Ukraine’s parliament speaker Ruslan Stefanchuk, has expressed his anticipation for the extension of martial law in the country before it expires on May 9, in the face of the United States and Russia’s insistence for Kyiv to hold a new vote. Ruslan Stefanchuk stated that the war is not over, claiming that it was currently impractical and legally implausible to hold free and fair elections in Ukraine. Stefanchuk has stated that preparations for future elections have begun, but added that they are far from ready. The…

DENMARK INCHES TOWARDS RATIFYING U.S. DEFENCE DEAL – Despite Greenland Dispute Denmark’s parliament today took an important step towards ratifying a defence cooperation deal with the United States that expands the U.S. military’s rights in the Nordic country despite a diplomatic dispute over Greenland. The Danish and Greenland governments have both ruled out yielding the huge, resource-rich Arctic island to U.S. control. But despite the dispute, the Danish government, which signed the bilateral cooperation deal in 2023, has said it is critical to bolstering Denmark’s defences. The Danish parliament today held the first of three readings of the bill before…

RUSSIA’S PUTIN AND TRUMP’S ENVOY MEET IN ST.PETERSBURG- Witkoff is due in Oman on Saturday for talks with Iran  Russian President Vladimir Putin and U.S. President Donald Trump’s special envoy Steve Witkoff met for talks today in St. Petersburg. Putin was also in St Petersburg to hold what the Kremlin called an “extraordinarily important” meeting about the development of the Russian Navy. The Kremlin said Witkoff flew to Russia this morning for talks with President Vladimir Putin regarding a peace deal with Ukraine. Witkoff  earlier today met with Putin’s  investment envoy Kirill Dmitriev.  Witkoff is due in Oman on Saturday…

ZELENSKIY URGES UKRAINE’S MILITARY ALLIES TO FOCUS ON AIR DEFENCE-Zelenskiy asks allies to provide 10 new Patriot systems to Ukraine President Volodymyr Zelenskiy today has urged Ukraine’s military allies to focus on air defence, asking them to provide 10 additional Patriot systems. The Ukrainian leader spoke from the city of Kryvyi Rih in his online address to a meeting of the self-proclaimed Ramstein group of nations that give military support to Ukraine. Zelenskiy said that recent Russian attacks showed that Moscow was not ready to accept and implement any realistic and effective peace proposals. In response, Germany’s Defence Minister Boris…

WALL STREET ENDS SHARPLY LOWER – Tariff risks send investors fleeing as the CBOE Market Volatility Index remained elevated Wall Street stocks tumbled on mounting worries over the economic impact of U.S. President Donald Trump’s multi-front tariff war. All three major U.S. stock indexes suffered steep losses, forfeiting much of the previous session’s gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.S.-Europe trade negotiations. After Trump announced a 90-day tariff reprieve on Wednesday, the S&P 500 surged 9.5%, the largest one-day percentage jump since October 2008. The tech-heavy Nasdaq soared 12.2%,…

VENEZUELA NATIONAL ASSEMBLY GREENLIGHTS ECONOMIC EMERGENCY DECREE – President Maduro signed the decree citing constitutional powers to declare states of emergency Venezuela’s national assembly passed a decree proposed by President Nicolas Maduro’s government declaring a state of economic emergency in response to U.S. sanctions and tariffs. In March, the administration of U.S. President Donald Trump began suspending authorizations for oil companies operating with Venezuela’s state-owned PDVSA and imposed secondary tariffs on crude oil and gas exports. Maduro signed the decree citing constitutional powers to declare states of emergency. The new regulation allows Maduro to implement measures to boost economic growth,…

EU IS READY TO DEFEND ITS ECONOMY FROM US TARIFFS- Says Commissioner Valdis Dombrovskis The European Union’s economy commissioner said today that the bloc was ready to defend its economic interests if no agreement could be reached with the United States on tariffs. With higher U.S. tariffs postponed by 90 days, EU finance ministers will brainstorm on Friday how to use that time to reach a trade deal with Washington and how to coordinate their efforts to handle higher levies if they are unsuccessful. Arriving for talks in Warsaw, EU Economy Commissioner Valdis Dombrovskis and Germany’s finance minister Joerg Kukies…