Author: LoveWorld UK

CITYFIBRE NEEDS FOR CASH TO SURVIVE – The BT rival’s debts rise above £3 billion  BT rival CityFibre has warned it must raise more money to survive as the rising cost of its broadband rollout pushed debts above £3bn. The company, which is the largest of the so-called “alt-net” broadband firms taking on BT’s Openreach, said there was “material uncertainty” about its ability to continue because it was reliant on further external funding. CityFibre, which is backed by Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala, secured £4.9bn in debt financing from banks two years ago to help fund…

UK PROPOSES NEW POWERS FOR BANKS TO CURB FRAUD- Banks to pause transactions for 72 hours where fraudulent payment is suspected.  The UK is giving banks enhanced new powers to delay and investigate suspicious payments in a bid to slash the estimated 460 million pounds lost to fraud in the last year. New laws proposed by the UK finance ministry today will enable banks to pause transactions for up to 72 hours where there are reasonable grounds to suspect a payment is fraudulent.  Economic Secretary to the Treasury, Tulip Siddiq says Hundreds of millions of pounds targeting vulnerable communities and…

SINGAPORE COURT JAILS EX MINISTER IN LANDMARK RULING- Iswaran gets 1 year sentence for averting justice and receiving gifts worth over $300,000  A Singapore court sentenced a former minister to 12 months in prison for obstructing justice and receiving more than $300,000 worth of gifts, in the first jailing of an ex-cabinet member in a city-state famous for its clean governance. S. Iswaran, who was a cabinet member for 13 years and has held the trade, communications and transport portfolios, pleaded guilty last week to four counts of improperly receiving gifts and one of obstructing justice. Presiding judge Vincent Hoong…

ISRAEL’S NETANYAHU SAYS IRAN MADE ‘BIG MISTAKE’ AND WILL PAY – Iran’s missile attack on Israel failed and Netanyahu vowed retaliation Israeli Prime Minister Benjamin Netanyahu said Iran’s missile attack on Israel failed and vowed retaliation, at the start of a security meeting in Tel Aviv on Tuesday night. “Iran made a big mistake tonight – and it will pay for it,” he said.  “The regime in Iran does not understand our determination to defend ourselves and our determination to retaliate against our enemies.” Earlier on Tuesday, Iran fired ballistic missiles at Israel in retaliation for Israel’s campaign against Tehran’s…

STARMER SAYS UK STANDS WITH ISRAEL AFTER MISSILE ATTACK – More than 200 missiles were launched into Israel from Iran Prime Minister Keir Starmer said the UK stands with Israel after Iran launched a wave of missiles in retaliation for Israel’s incursion into Lebanon. Earlier on Tuesday, Iran fired ballistic missiles at Israel, drawing vows of a sharp response from both Israel and the United States. A spokesperson for Starmer’s office said the prime minister spoke with his Israeli counterpart Benjamin Netanyahu on Tuesday afternoon, and the leaders discussed the escalating situation across the Middle East. More than 200 missiles…

ISRAEL BEGINS LEBANON GROUND INVASION WITH ‘LIMITED’ RAIDS –  Israel focuses on Hezbollah targets in the border area  Israel’s widely expected ground invasion of Lebanon appeared to be getting underway early as its military said troops had begun “limited” raids against Hezbollah targets in the border area. The military said in a statement that it had begun “limited, localised, and targeted ground raids based on precise intelligence” against Hezbollah in southern Lebanon villages close to the border that posed “an immediate threat to Israeli communities in northern Israel.” It said the air force and artillery were supporting the ground forces…

PRINCE HARRY ARRIVES UK FOR CHILDREN’S CHARITY EVENT-  Prince Harry attends the WellChild Awards in London Prince Harry returned to the UK for the WellChild Awards charity event for seriously ill children, appearing happy and playful as he chatted with the youngsters. The WellChild charity event celebrates the achievements and resilience of seriously ill children and their families, and Prince Harry has been the patron of the charity for the past 15 years. Prince Harry was in New York last week, where he called on governments to work more closely with young people, warning about the online dangers children face…

REAL’S ANCELOTTI DISAPPOINTED WITH 1-1 DERBY DRAW AT ATLETICO – Real are second in the standings on 18 points, three behind Barca Real Madrid manager Carlo Ancelotti was disappointed that his side allowed the hosts Atletico Madrid to snatch a 1-1 draw with a goal deep into added time in their LaLiga clash on Sunday.  He said Real deserved better luck after dominating most of the game but was glad his side were able to come away with at least a point from a stadium where they lost twice last season.  Ancelotti told reporters. “It is hard to cope with…

Britain’s biggest steelworks will end production today, when the final blast furnace at Port Talbot in Wales will close after more than 142 years of steelmaking, at a cost of almost 3,000 jobs. The closure of the last blast furnace at Port Talbot, once the largest steel works in Europe, is the culmination of decades of decline in Britain’s steel industry. Showing the scale of the challenge, India-owned Tata Steel reportedly lost 1 million pounds daily before it began the process of shutting down its facilities. Tata Steel site will now be subject to a three to four year-long decarbonisation…

KEIR STARMER MOVES TO TAX PRIVATE EDUCATION- Government predicts the new policy will raise £1.5 million yearly. The Labour government has introduced a new policy to tax  private education. The policy – removing a tax exemption for private schools, which is part of Prime Minister Keir Starmer’s battle to raise revenues to spend on ailing public services and plug a hole in public finances, has been hailed as a political gamble. Parents of 600,000 estimated pupils who attend private schools now face the same decision of whether to accept paying higher fees or place their children in state schools. The…