Author: LoveWorld UK

VOLKSWAGEN CONSIDERS PARTNERING WITH CHINESE CARMAKERS – The company grapples with declining demand and growing competition entering the market in Europe Volkswagen is exploring partnerships with Chinese carmakers to take over its unused European production lines as it grapples with declining demand and growing competition from the same companies entering the market. Executives from VW and Audi told the Financial Times that working with Chinese electric vehicle (EV) makers expanding into Europe could help address falling sales. Audi has already partnered with SAIC, the maker of MG, to produce EVs for the Chinese market, a model that could extend to…

JUVENTUS SIGN FRANCE FORWARD KOLO MUANI ON LOAN FROM PSG – The deal is for one million euros Juventus have signed France forward Randal Kolo Muani from Paris St Germain on loan until the end of the season, the Serie A club announced. The deal is for one million euros ($1.04 million) plus an additional amount up to 2.6 million, the club said in a statement. Kolo Muani has been out of favour at PSG and struggled to get into Luis Enrique’s side. He has made two league starts this season despite opening the campaign with two goals in the…

RUSSIA REJECTS IDEA OF NATO PEACEKEEPERS IN UKRAINE- Zakharova says such a move may cause an “uncontrollable escalation.” Russia has rejected the idea of NATO countries sending peacekeeping troops to Ukraine in the event of a ceasefire in the war with Russia, saying such a move would threaten to cause an “uncontrollable escalation.” Foreign Ministry spokeswoman Maria Zakharova said the idea was totally unacceptable to Russia. Zakharova at a press briefing referred to recent statements by British Prime Minister Keir Starmer and German Defence Minister Boris Pistorius about the possibility their countries might contribute troops to a peacekeeping force in…

TRUMP ORDERS CRYPTO WORKING GROUP TO DRAFT NEW REGULATIONS – The group is tasked with proposing new digital asset regulations and exploring a national crypto stockpile U.S. President Donald Trump ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile, making good on his promise to quickly overhaul U.S. crypto policy. The much-anticipated action also ordered that banking services for crypto companies be protected, alluding to industry claims that U.S. regulators have directed lenders to cut crypto companies off from banking services – something regulators deny.…

THAMES WATER WARNS OF BANKRUPTCY RISK – The company is locked in a standoff with the water regulator OFWAT Britain’s largest water company, Thames Water, has warned the government that raising customer bills by more than a third will not be enough to prevent it from going bankrupt. The company is locked in a standoff with the water regulator, OFWAT, after talks broke down over the regulator’s decision to cap bill increases for funding infrastructure investments over the next five years. Thames Water has argued that Ofwat’s settlement leaves it unable to restructure its debts and remain viable, potentially forcing…

MICHEÁL MARTIN IS CONFIRMED AS NEW IRISH PRIME MINISTER-Martin won with 95 votes- 76 votes. Micheál Martin has been confirmed as the new Irish prime minister, winning with 95 votes against 75 votes  Martin has stated that his government will “want to work to reform and strengthen the European Union,” and “will not flinch in support for protecting Europe’s freedom and democracy.” The Outgoing prime minister Simon Harris,  will be assuming a senior role in the new government Martin will meet the country’s president Michael D. Higgins, after which he would return to parliament to assemble the new government.

TRUMP SIGNS ORDER TO DECLASSIFY JFK, MLK, RFK ASSASSINATIONS U.S. President Donald Trump has signed an order to declassify government files related to the assassinations of former President John F. Kennedy, Senator Robert Kennedy, and civil rights leader Martin Luther King Jr. Trump promised on the campaign trail to release classified intelligence and law enforcement files on the 1963 assassination of JFK, as America’s 35th president is widely known. He had made a similar promise during his 2017 to 2021 term, and he did release some documents related to JFK’s 1963 slaying. But he ultimately bowed to pressure from the…

S&P 500 HITS RECORD HIGH WITH BOOST FROM NETFLIX RESULTS – Investors are watching for the president’s trade plans due to inflation concerns  Wall Street’s indexes rose, with the benchmark S&P 500 hitting a record high during the session, as investors cheered streaming video provider Netflix’s quarterly report and technology shares rallied a day after President Donald Trump announced a private-sector artificial intelligence infrastructure plan. The technology sector was the biggest gainer among the S&P 500’s 11 major industry indexes with hefty boosts from AI chip leader Nvidia and Microsoft. Netflix rallied sharply after the company reported a record number…

SWISS NATIONAL BANK CHAIRMAN SAYS STILL HAS ROOM TO CUT INTEREST RATES AGAIN – The SNB charged negative interest rates for nearly 8 years from December 2014  The Swiss National Bank still has room to cut interest rates again and even take rates below 0% if Swiss inflation goes too low, Chairman Martin Schlegel said, although he could not say how likely such a step would be. The SNB charged negative interest rates for nearly eight years from Dec. 2014 but exited the policy to tackle resurgent inflation after the COVID pandemic. Price rises have ebbed in recent months, with…

TRUMP SAYS HE IS OPEN TO MUSK BUYING TIKTOK  – Trump delayed by 75 days the enforcement of the law that would’ve banned the social media app U.S. President Donald Trump said he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so. “I would be, if he wanted to buy it,” Trump told reporters when asked if he was open to Musk buying the platform. The short video app used by 170 million Americans was taken offline temporarily for users shortly before a law that said it must be sold…