Author: Loveworld UK

The owner of Coast, the women’s fashion retailer, ‎has accelerated plans to find a buyer after being hit by the fallout from House of Fraser’s (HoF) recent collapse into administration. Sky News has learnt that Aurora Fashions, which also owns the Oasis and Warehouse chains, has begun contacting prospective buyers in the last fortnight about a deal to sell the Coast brand.It marks the latest chapter in efforts by Kaupthing, the Icelandic bank, to offload part or all of Aurora.Kaupthing came close to selling the entire business last year to Emerisque Brands, a business owned by an entrepreneur who was…

A British man murdered his wife and sank their catamaran so he could end their failing marriage and inherit her estate, US prosecutors say. Lewis Bennett, of Poole, Dorset, had been sailing with Isabella Hellmann towards their Florida home in May last year when he made an SOS call to say she was missing and their 37ft vessel was sinking.The FBI has charged Bennett, 41, with second degree murder and for the first time prosecutors have revealed details of what they believe to be his motive.Ms Hellmann’s body has never been found but if she is presumed dead, Bennett would…

We were on the road in northern Luzon when Typhoon Mangkhut hit, at about 1.40am. It was hard to make anything out in the dark but it was impossible to mistake the force of the storm, the winds that shook and the rains that lashed in equal measure.Our people carrier shook under the battering; this felt very much the equivalent of a force five hurricane.As dawn broke the extent of the damage became clearer: it started with palms and branches strewn on the road; we picked our way through them.Then it was telegraph poles and power lines, eventually streetlights, roofs…

As tens of thousands of people quit social media for Scroll Free September, former YouTuber Matt Lees tells us about his time as a viral video creator and why he turned his back on the platform. I was a journalist who was hired to make YouTube videos, including one about the reveal of PlayStation 4 that got five million views in a couple of days. The job was a lot of fun and I was very successful at it.But there were a few things that eventually made me turn my back on that life.To make any money on YouTube, you need…

Sustained winds of more than 100mph have caused landslides, ripped off roofs and brought down trees in the Philippines as Typhoon Mangkhut pummeled northern areas of the country. At least three people died and six others were missing after ferocious winds and rain destroyed several houses in the mountain city of Baguio, its mayor Mauricio Domogan said.In neighbouring Taiwan, a woman died after being swept out to sea. 0:25 Video: Typhoon Mangkhut strikes Philippines The storm, with gusts reaching 190mph, knocked out power as it tore across the northern part of Luzon island – an area that is home to…

Lily Allen has said the music industry is “rife” with sexual abuse but insiders refuse to speak up. The singer made the remark as she revealed more details about her own encounter with a record industry executive who allegedly targeted her.The 33-year-old said she was sexually assaulted when she fell asleep in a hotel room after she got “smashed” at a party.Allen said the man took her to his room to sleep it off, but she woke up at 5am “because I could feel someone next to me pressing their naked body against my back”.She added that she “moved away…

A woman has died after a lorry that had been “involved in a crime” crashed into the side of a house. Police said four men were arrested after the white truck crashed into a property in Barnsley, South Yorkshire.The woman who died was a pedestrian on Park View in Brierley.South Yorkshire Police said the vehicle had been involved in a crime.However, officers have not confirmed reports from residents that the truck had been followed by police before the incident.A police spokeswoman said officers were called to the scene of the collision at about 1.40pm on Friday. Image: The white truck…

The Bank of England governor has reportedly said Britain’s economy could enjoy a boost worth billions if Theresa May secures a deal with the EU based on her Chequers plan. According to the Financial Times, Mr Carney told the cabinet on Thursday that the economy could get a £16bn bounce.It comes after he also warned that in a worst case scenario a “no-deal” Brexit could see house prices fall as much as 35% over three years.Mrs May has faced a backlash over the Chequers plan from hardline Brexiters in her cabinet and party.The FT reported that eurosceptic ministers such as…

It’s not hard to find the relics of Lehman Brothers. Look across New York at night and you can see a skyscraper, reaching up from the busy streets midtown.These days, it has the name Barclays emblazoned across its top. Ten years ago, the sign said Lehman Brothers.Lehman’s had been in business since 1850, slowly building up its business and its reputation.By the early years of the 21st century, it was the fourth biggest investment bank in America, a global player.By the end of 2008, it had gone – a bank that went bankrupt; the biggest corporate failure in history.And when…

The beginnings of another financial crisis are already in motion – and it will be worse than the global meltdown of 2008. That’s the opinion of one of the select band of economists who predicted the 2008 economic collapse, which started with the bankruptcy of Lehman Brothers bank a decade ago and ended up affecting every country in the world.Ann Pettifor predicted that crisis in 2006, more than two years before it actually struck.Now she thinks the global economy is in danger once more thanks to huge corporate debt, and the prospect of rising interest rates in the United States.She…