Author: Loveworld UK

Donald Trump has compared a London hospital to a “war zone” because of knife crime, as he defended the use of guns in America. Speaking at the National Rifle Convention (NRA) in Dallas, the US president claimed there was blood all over a unnamed hospital’s floors while he referenced the knife murders in the capital this year.”I recently read a story that in London, which has unbelievably tough gun laws, a once very prestigious hospital right in the middle is like a war zone for horrible stabbing wounds,” he said.”Yes, that’s right they don’t have guns, they have knives – and…

Plans to stop the sale of new cars that are unable to drive more than 50 miles using electric power are to be announced, Sky News understands.   Industry publication Autocar reported that a Government “ban” on such cars would be enforced from 2040 as part of the Road To Zero Strategy.If manufacturers comply, most hybrid cars on sale today, including the Toyota Prius, will no longer be available to buy new.However, a source speaking to Sky News said there would not be a formal ban but that the Department of Transport intends to work with industry members to achieve…

The City executive who has spent the last two years managing taxpayers’ stake in Royal Bank of Scotland (RBS) is to join the state-backed lender in one of its most senior posts. Sky News has learnt‎ that Oliver Holbourn, who has just stepped down as chief executive of UK Financial Investments (UKFI), is in talks with RBS about becoming its head of strategy.His appointment is likely to attract attention in Westminster because of his five-year stint at UKFI, the agency set up during the financial crisis to manage the public stakes in Britain’s bailed-out lenders at arm’s length from the…

This wasn’t supposed to be happening to Argentina. The election, three years ago, of the moderniser Mauricio Macri as president was hailed as proof that what was once Latin America’s richest economy was getting back on its feet.Now, after the country’s central bank raised interest rates for the third time in a week, it does not feel like that.Inflation – a perennial bugbear for Argentina – is running at an annual rate of 25.4%, compared with the central bank’s target of 15%, while the local currency, the peso, is in free fall.This time last year, it cost 15 pesos to…

The head of Britain’s biggest union has survived an attempt to force a rerun of the election that saw him reinstated as leader last year. Len McCluskey, leader of Unite, was re-elected to his post after enjoying a narrow win over Gerard Coyne, who was the union’s regional officer for the West Midlands.Mr Coyne, who was since been removed from his role, complained that Mr McCluskey had breached election rules by calling the contest, even though there was no vacancy for the job of general secretary.He complained that the election was invalid, and that it should be rerun.It resulted in…

The womenswear group behind Jacques Vert has gone into administration putting 1,000 UK high street jobs at risk, it has been confirmed. Calvetron Brands blamed “extremely difficult” retail conditions as it called in Duff & Phelps to oversee the process – a day after the story was first reported by Sky News.The collapse makes Calvetron the latest in a long line of high street casualties amid a combination of rising costs and dwindling consumer confidence.Jacques Vert dates back to 1972, when it was founded by two east London tailors.Calvetron operates about 300 UK store concessions in stores such as Debenhams,…

Low-cost airline Norwegian has rejected two takeover offers from British Airways owner International Airlines Group (IAG). The carrier has claimed the proposals were unanimously rejected by the board “on the basis that they undervalued NAS and its prospects”.IAG had last month bought a 4.6% stake in Norwegian with a view to starting takeover discussions but it said on Friday that it had been unable to reach agreement and was “currently considering its options” over the airline.Shares in Norwegian – which have been buoyed by the recent takeover interest – fell 10% on the latest disclosure, while IAG was up 5%.It…

The Nobel Prize for Literature will be not awarded this year over concerns that a “crisis” in the Swedish Academy is so serious that a prize decision would not be perceived as credible, organisers say. Carl-Henrik Heldin, chairman of the board of the Nobel Foundation, said in a statement posted on Twitter: “The Swedish Academy [which decides the award] has decided to postpone the 2018 Nobel Prize in Literature, with the intention of awarding it in 2019.”The Nobel Foundation said that the “crisis in the Swedish Academy has adversely affected the Nobel Prize”.It will be the first time since wartime…

The City watchdog is calling for reforms to help “mortgage prisoners” who are stuck on high borrowing rates but not allowed to switch. Tens of thousands of home owners who took out loans before the financial crisis are trapped on lenders’ standard interest rates because of changes to rules on whether they can afford repayments.It means that even if they have been paying off their mortgages every month they may not qualify to switch to a deal which is cheaper.The Financial Conduct Authority (FCA) is to consider seeking an industry-wide agreement to approve applications from those who took mortgages out…

Britain is set to bask in glorious sunshine this weekend with forecasters predicting the hottest early May bank holiday Monday since records began. Temperatures are expected to hit 27C (80.6F) in parts of the country on Monday – hotter than the French Riviera and the Costa del Sol.It comes as millions of Britons prepare to hit the roads, with 8.5 million car journeys forecast between Friday and Monday.The Met Office said it was “almost guaranteed” to be the hottest early May bank holiday Monday since 1999, when a record 23.6C (74.5F) was recorded in Hampshire, Worcester and Malden.The hottest early…