Author: LoveWorld UK

ONS REVEALS UK INFLATION WAS 3.4% IN MAY – The central bank said in May it expects inflation to peak at about 3.7% later this year Inflation came in at an annual rate of 3.4% in May, down from an originally published 3.5% in April, the Office for National Statistics have revealed. Earlier this month the ONS said April’s consumer price inflation reading of 3.5% had been overstated by 0.1 percentage points due to an error in car tax data from the government. Gas, electricity and water prices rose in April alongside higher taxes on employers, causing the inflation rate…

CARNEY ANNOUNCES NEW RUSSIA SANCTIONS – Canadian Prime Minister pledges over $2BN loan to help rebuild Ukrainian infrastructure  Canadian Prime Minister Mark Carney announced a new package of sanctions against Russia and criticised Iran as the G7 summit wrapped up Tuesday (June 17) in Alberta. Carney said that Canada is sending “over $2 billion in funding for drones, ammunition, armoured vehicles” and a “$2.3 billion loan to help rebuild the infrastructure” in Ukraine. Carney also addressed tensions in the Middle East, saying: “G7 leaders also reiterated our commitment to the pursuit of peace and stability in the Middle East. Made…

CURFEW LIFTED IN DOWNTOWN LOS ANGELES – The curfew was part of a strategy aimed at curbing violence and looting Mayor Karen Bass has lifted the curfew for downtown Los Angeles that was enacted on Tuesday June 10th in response Anti-ICE protests. The curfew, which covered a one-square-mile area and ran from 8 p.m. to 6 a.m., was part of a strategy aimed at curbing violence and looting.  Bass said in an email statement, “The curfew, coupled with ongoing crime prevention efforts, have been largely successful in protecting stores, restaurants, businesses and residential communities from bad actors who do not…

TRUMP CALLS FOR IRAN’S ‘UNCONDITIONAL SURRENDER’ – Trump says whereabouts of Iranian leader Khamenei are known U.S. President Donald Trump demanded on Tuesday Iran’s “unconditional surrender” amid mounting evidence showing the U.S. considering joining Israel’s strikes against the country. He also posted on social media sites on Tuesday that “we now have complete and total control of the skies over Iran” and warned that “Our patience is wearing thin.” Trump made the posts before he met with a national security team in the White House over the military conflict between Israel and Iran. Earlier on his flight back to Washington…

CAUSE OF SPAIN AND PORTUGAL CHAOS REVEALED – Not enough thermal power stations available at the time The massive power cut that plunged huge swathes of Spain and Portugal into chaos earlier this year was caused by a miscalculation, the Spanish government has said. Airports, trains and the internet were among the services affected by the blackout in late April, with traffic lights also down, causing huge tailbacks. There was discussion about whether a cyberattack was to blame, but today Spain’s energy minister said the issue was a miscalculation by the Spanish power grid operator REE. Sara Aagesen said REE…

PARLIAMENT VOTES TO DECRIMINALISE ABORTION – Amendment to crime bill ends prosecution of women for terminating pregnancies In a deeply significant move, Britain’s Parliament has voted to decriminalise abortion in England and Wales, raising serious concerns among Christian communities. On Tuesday 17th June, lawmakers backed a proposal to end criminal prosecutions for women who terminate pregnancies under any circumstances, effectively stripping away legal penalties that have stood for over 150 years. The amendment, passed by 379 votes to 137, would eliminate the threat of criminal charges against women, including those who seek to end pregnancies after the 24-week legal limit.…

IRAN THREATENS WAVE OF DRONES WILL HIT ISRAEL IN COMING HOURS – And claims a hit at Mossad Iran has warned that a wave of drones will hit Israel in the coming hours and a senior army commander has said that attacks will intensify this morning. Israel and Iran are trading strikes for a fifth day, with explosions reported in Tel Aviv, in central Israel, and Herzliya, just north of the city.  In the western Iranian province of Lorestan, an MP reported at least 21 people had been killed in Israeli strikes overnight, while an attack in the central city…

STARMER AND PRESIDENT TRUMP CONFIRM SIGNED TRADE DEAL-Trump says the trade agreement with the EU is a fair deal U.S. President Donald Trump signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal. The deal, announced by Trump and British Prime Minister Keir Starmer on the sidelines of the G7 Summit in Canada, reaffirmed quotas and tariff rates on British automobiles and eliminated tariffs on the U.K. aerospace sector, but the issue of steel and aluminium remains unresolved. Other critical industries, such as pharmaceuticals, were not mentioned. Trump said…

RENAULT BOSS DE MEO QUITS – The quit saw Kering shares up and Renault down  Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the company said on Sunday, and newspaper Le Figaro reported he would become the new chief executive of Gucci-owner Kering. De Meo turned around the troubled French automaker in his five years at the helm, overhauling its two-decade-long strategic alliance with Nissan and doubling down on hybrid motors while shifting towards electric vehicles. The Italian will replace Kering CEO Francois-Henri Pinault, whose family controls the heavily indebted…

CANADIAN PRIME MINISTER MEETS WITH GERMAN CHANCELLOR – Politicians meet ahead of G7 Summit  Canadian Prime Minister Mark Carney met German Chancellor Friedrich Merz on Sunday, at the sidelines of the G7 Leaders’ Summit in the Canadian Rockies. Merz told reporters his goals for the summit include for Iran not to develop or possess nuclear weapons, ensuring Israel’s right to defend itself, avoiding escalation of the conflict and creating room for diplomacy. The G7 meeting started on Sunday, and Canada’s Carney, who is hosting, said his priorities are strengthening peace and security, building critical mineral supply chains and creating jobs.…