Author: LoveWorld UK

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.

THE TRANSPORT SECRETARY SAYS TAX RISES HAVE NOT BEEN DISCUSSED – But the Tories accused her of “barely disguised” hints that they’re on the way.  Transport Secretary Heidi Alexander was asked if Sir Keir Starmer and the rest of the cabinet had discussed hiking taxes in the wake of the government’s failed welfare reforms, which were shot down by their own MPs. Tax rises were discussed among the cabinet last week – including on an away day on Friday, but Tax increases were not discussed “directly”, Ms Alexander said, but ministers were “cognisant” of the challenges facing them. Asked what…

TRUMP GIVES RUSSIA A 50 DAYS ULTIMATUM TO REACH A CEASEFIRE – Trump vowed to impose sanction on Russia in no ceasefire within 50 days President Donald Trump on Monday (July 14) announced a toughened stance against Russia for its war in Ukraine, promising a fresh wave of missiles and other weaponry for Ukraine and giving Moscow 50 days to reach a ceasefire or face sanctions. In the Oval Office at an announcement with NATO Secretary General Mark Rutte, Trump told reporters he had become deeply frustrated with Russian President Vladimir Putin. The decision by Trump to send arms to…

CHRISTIAN STREET PREACHER ARRESTED FOR PREACHING IN LONDON – Police officers aggressively threw her to the ground and arrested her A Christian Woman who was preaching the gospel on Ripple Road in Barking on Saturday, 13th July, was forcefully arrested for preaching. It was a beautiful sunny afternoon when people who were walking along Ripple Road in Barking observed a woman peacefully preaching the gospel. What took place next was a shock to many. Four police officers suddenly appeared and started arguing with her, and told her to stop preaching. The argument continued as two police officers tried to forcefully…