Author: Loveworld UK

Barclays has agreed a $2bn (£1.4bn) settlement with the US Department of Justice over claims that it mis-sold mortgage-backed securities in the run-up to the financial crisis. The fine draws a line under a major misconduct issue that had been hanging over the bank after it decided in 2016 to contest the far higher sum that the DoJ was reportedly seeking.Barclays chief executive Jes Staley said it was a “fair and proportionate settlement” and it is likely to be seen as a vindication of his decision to play hardball with US authorities.The DoJ had been thought to be going for…

It resembles a car park at an enormous open-air venue – but it is actually a knock-on effect of the Volkswagen emissions scandal. Dramatic aerial pictures show row after row of diesel VWs and Audis sitting in the baking California sun, awaiting either repair or destruction in their desert graveyard.This is just one of 37 storage areas the firm has around the US, housing almost 300,000 vehicles.In addition to the pictured site in Victorville, other facilities include a disused suburban football stadium in Detroit and a former Minnesota paper mill. Image: At this distance, it is not immediately obvious that…

Donald Trump has signalled “concerns” about online retailer Amazon over its tax contributions and threat posed to smaller rivals. Mr Trump took the tech giant to task in a tweet, a day after a report that the President wanted to “go after” the company sent its shares down by more than 4% – taking $30bn off its value.He has criticised Amazon over taxes and jobs in the past but the latest intervention appeared to add some weight to the report, from news website Axios, that Mr Trump is obsessed with the retail giant and wants to rein in its power.In…

A three-year-old boy has died after being hit by a Sainsbury’s lorry on a pedestrian crossing in Dorset. The child was crossing North Street, the main shopping street in Wareham, with his family when he was hit at 8.43am on Thursday, Dorset Police said.Detectives said a white Sainsbury’s articulated lorry hit the boy.He was taken to Dorset County Hospital but died shortly after.A 43-year-old man from Basingstoke has been arrested on suspicion of driving offences and is assisting officers with their enquiries.The Dorset and Somerset Air Ambulance was sent to the scene.Inspector Matt Butler, of Dorset Police’s traffic unit, said:…

Former spy Sergei Skripal’s Salisbury house has been boarded up, the latest Sky News pictures show. While it is difficult to see the property from the ground, aerial footage has revealed the extent of the investigations taking place at the property.In addition to the boarding, what look like long, thin planks of wood have been laid across the front garden.:: Skripal and daughter ‘should be allowed to die’ Image: Various blue tents are scattered around the property Various blue tents with yellow roofs are scattered across the property, with a large cordon in front of it.The new images follow the…

Australian cricket coach Darren Lehmann has tearfully resigned – just hours after disgraced former captain Steve Smith broke down before the world’s media. Lehmann will quit after the current Test series in South Africa after three players were sent home for ball-tampering.The Australian coach was cleared by Cricket Australia of having no role in the cheat scandal but told a news conference “it’s the right time to step away”.He said: “I’m ultimately responsible for the culture of the team and I’ve been thinking about my position for a while.”Despite telling media yesterday that I’m not resigning, after reviewing Steve and…

North and South Korea are to told their first summit for a decade next month – ahead of an expected meeting between Kim Jong Un and US President Donald Trump in May. The announcement comes after the North Korean leader reportedly said he was “committed to denuclearisation” during a visit to China.A date for the summit of 27 April was revealed by South Korean officials following talks with their North Korean counterparts at the border village of Panmunjom. Video: Kim Jong Un takes the train to Beijing The high-level meeting – only the third ever between the two countries -…

The slanging match over the £8.1bn hostile takeover bid of GKN should soon be over as a deadline expires for investors to vote on the bid. Melrose Industries went directly to shareholders of the FTSE 100 engineering firm after its board snubbed the turnaround specialist’s advances.The shareholders had until 1pm on Thursday to cast their ballots – with a bitter war of words between the two companies ringing in their ears.:: The key questions in the Melrose bid for GKNMelrose needs a majority of 50.1% to win the day and it is believed to be close.It argues that shareholders have…

Ireland rugby internationals Stuart Olding and Paddy Jackson have been cleared of rape following a trial in Belfast. Jackson was also found not guilty of sexual assault. Speaking outside court afterwards, he thanked the judge and the jury for “giving me a fair trial”.After also thanking his lawyers, and his family for their support, he said he had nothing else to add “out of respect for my employers”.But his solicitor, Joe McVeigh, claimed the “prosecution made much of the perceived privileged position provided byvirtue of Paddy being an international rugby player”.”We say that it was this very status as a…

Donald Trump has tweeted that the North Korean leader “looks forward to his meeting with me”. The US President’s words come after Kim Jong Un visited China in his first foreign trip since taking power.Mr Kim met the Chinese President Xi Jinping ahead of planned summits between North Korea, South Korea and the US, with the three having agreed to talk to allay tensions over Mr Kim’s nuclear ambitions.Mr Trump wrote on Twitter: “Received message last night from Xi Jinping of China that his meeting with Kim Jong Un went very well and that Kim looks forward to his meeting…