Author: LoveWorld UK

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.…

U.S. STOCKS CLOSE HIGHER AS INVESTORS MONITOR TARIFFS – Awaiting   Earning reports due out today U.S. stocks rose modestly on Monday, as investors braced for the unofficial start of the second-quarter earnings season, while renewed trade tensions added uncertainty. The Dow Jones Industrial Average gained 88.14 points, or 0.20 percent, to close at 44,459.65. The Standard and Poor’s 500 advanced 8.81 points, or 0.14 percent, to 6,268.56. The Nasdaq Composite climbed 54.80 points, or 0.27 percent, to finish at 20,640.33, a new record close. Seven of the 11 primary Standard and Poor’s 500 sectors ended in green, with communication…

TESLA LAUNCHES IN INDIA – Opens its first showroom in Mumbai, the country’s financial capital. Tesla marked its official entry into the Indian market by launching its first showroom in Mumbai, the country’s financial capital. The U.S. EV maker also launched its Model Y at about $70,000 in India, the highest price among major markets, as the U.S. automaker grappled with slowing sales bets on prospects in a country CEO Elon Musk has long criticised for its high import tariffs. With deliveries estimated to start from the third quarter, Tesla is targeting a niche electric vehicle segment in India that…

LONDON SOUTHEND AIRPORT CLOSES AFTER PLANE CRASH- 4 deceased have been confirmed from the crash A small plane crashed at London Southend airport on Sunday, and four people are reported to have died from the plane crash. The Beechcraft B200 aircraft crashed at about 4pm, soon after taking off from the airport in Essex. The airport has been closed down till further notice, with dozens of flights cancelled or rescheduled, as the Air Accidents Investigation Branch confirmed it had started an inquiry into the crash. The cause of the crash is not yet known and it is unclear how many…

THAMES WATER ANNOUNCES HOSEPIPE BAN- in Gloucestershire, Oxfordshire, Berkshire and Wiltshire from 22 July Thames Water has announced a hosepipe ban with claims that a dry spring and summer has severely reduced water supplies. The ban affecting Oxfordshire, Berkshire , Gloucestershire and Wiltshire will  come into effect from Tuesday,  22 July. The strategic water resources director at Thames Water, Nevil Muncaster , has reportedly stated that he does not anticipate the situation will improving  any time soon The ban will affect all OX, GL and SN postcodes, as well as RG4, RG8 and RG9.