Author: LoveWorld UK

BRITISH MP ON CORRUPTION TRIAL – The former minister is accused of illegally receiving land in Bangladesh Former Labour anti-corruption minister Tulip Siddiq says she feels like she is ‘in a Kafka-esque nightmare’ as she faces a corruption trial in Bangladesh.  Ms Siddiq, 42, is accused of having obtained plots from her aunt, Sheikh Hasina, who was ousted as the South Asian country’s Prime Minister last year, through ‘abuse of power and influence’.  The MP for Hampstead and Highgate has labelled the charge as ‘completely absurd’ and is yet to confirm whether she will travel to the country to appear…

STARMER TO CO-CHAIR UKRAINE MEETING WITH ALLIES- Ahead of the expected meeting between Trump and Putin in Alaska on Friday Prime Minister Keir Starmer is set to co-chair a meeting with pro-Ukraine allies today. This comes on the heels of US President Donald Trump’s call with European leaders about ending Ukraine’s war against Russia. Sir Keir will join a virtual call at midday with Ukrainian President Volodymyr Zelenskiy,  French President Emmanuel Macron and German Chancellor Friedrich Merz. U.S President Donald Trump and Vice President JD Vance will reportedly also be joining the call. Starmer will also later co-chair a Coalition…

GERMANY’S SOLIDARITY FOR ISRAEL IS UNCHANGED – Germany will not “supply weapons in a conflict being resolved only by military means. Germany’s solidarity with Israel remains unchanged despite last week’s decision to halt military exports, German Chancellor Friedrich Merz told public broadcaster ARD. In an interview, Merz said Germany would not “supply weapons in a conflict that is being attempted to be resolved exclusively by military means.” Merz said his government’s decision to stop the shipments was in response to the “surprise” announcement by Israel to once again escalate the military conflict in the Gaza Strip.” “Where are these people…

AUSTRALIA TO RECOGNISE PALESTINIAN STATE IN SEPTEMBER-Albanese says a political solution is needed. Prime Minister Anthony Albanese says Australia will recognise a Palestinian state at next month’s United Nations General Assembly. Albanese, who announced a cabinet meeting, said recognition will be predicated on commitments Australia received from the Palestinian Authority, including that Hamas would have no involvement in any future state. Albanese said he spoke with Israeli Prime Minister Benjamin Netanyahu on Thursday and told him a political solution was needed and not a military one. Australia last week criticised Israel’s plan to take military control of Gaza, and Albanese…

GEMFIELDS SELLS FABERGÉ EGGS FOR $50M – The coloured gemstones miner ramps up efforts to streamline its business. Gemfields Group GEMGE.L, GMLJ.J said on Monday (August 11) it had sold Fabergé Ltd, the maker of the jewelled Fabergé eggs, to SMG Capital for $50 million, as the coloured gemstones miner ramps up efforts to streamline its business. The sale concludes a review of the business started by Gemfields late last year. The group had bought the jeweller in 2012 to boost its gems business and use the brand name to promote its jewellery. Fabergé, which also makes luxury jewellery, watches…

FRANKFURT DAX DIPS- Germany’s defence industry shares dive ahead of Trump-Putin meeting. Germany’s DAX was flat some two and a half hours into trading today, while arms makers’ shares were moving lower ahead of a planned meeting between U.S. President Donald Trump and his Russian counterpart, Vladimir Putin, later this week. German companies Rheinmetall, Renk and Hensoldt were down between 2.7% and 4.8%. A basket of aerospace and defence names was off 1.8%, the worst-performing sector in Europe. The best off meanwhile is healthcare as Novo Nordisk rose 2.6% and Italy’s Recordati was up 2.4%. But the biggest faller overall…

UK’s TOY SHOP FOUNDER TO HAND OVER TO STAFF – Gary Grant will transfer 100% ownership of family-owned business to employee trust Christian businessman Gary Grant, founder of The Entertainer toy shop chain, has transferred full ownership of the company to the 1,900 staff through an Employee Ownership Trust (EOT). After nearly 50 years in retail and 33 years as a committed Christian, Grant and his family moved all shares into the trust so employees can benefit from future profits via tax-free bonuses. The decision came after years of prayer and planning, especially following the challenges of COVID-19. Grant believes…

TRUMP AND PUTIN TO MEET FOR PEACE TALKS IN ALASKA- Trump says the parties are close to a ceasefire deal U.S. President Donald Trump has stated that he will be meeting with Russian President Vladimir Putin on Friday, August 15, in Anchorage, Alaska, to negotiate an end to the war in Ukraine Trump made the highly anticipated announcement on social media after he said that the parties, including Ukrainian President Volodymyr Zelenskiy, were close to a ceasefire deal that could resolve the three-and-a-half-year conflict. Trump, while addressing reporters, suggested an agreement would involve some exchange of land, adding that there…

AMBER HEAT WARNINGS ISSUED ACROSS ENGLAND- Thermometer readings predicted to hit the mid-30s Celsius on Tuesday. Amber heat health warnings have been issued across England as temperatures rise. Parts of the UK are forecast to be hotter than Bali this week, with thermometer readings likely to hit the mid-30s Celsius on Tuesday. The UK Health Security Agency (UKHSA) has issued heat health warnings for all of England. The East Midlands, West Midlands, East of England, London and the south-east have been upgraded to amber from 9 am on Tuesday to 6 pm on Wednesday. The south-west, Yorkshire and the Humber,…

CHAGOS DEAL TO COST 10 TIMES MORE – Starmer’s Chagos Islands deal will cost 10 times more than he claimed, figures reveal Sir Keir Starmer’s Chagos Islands deal will cost 10 times more than he claimed, official figures reveal. The Government’s own estimate of the cost of giving away the British Indian Ocean Territory to Mauritius is almost £35bn, according to documents released under the Freedom of Information Act – far higher than the £3.4bn figure Sir Keir has previously used in public. Labour ministers now face claims that they misled Parliament and the press with an “accountancy trick” to…