‘Our country is facing a profound economic crisis’: Rishi Sunak pledges to fix mistakes as he becomes UK PM
The U.K.’s third prime minister of the year faces a packed in-tray including a looming recession and the European energy crisis.
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Lost 17th-century warship found off Sweden’s coast
Swedish maritime archaeologists have discovered the long-lost sister vessel of the iconic 17th-century warship “Vasa”, which sank on its maiden voyage, the Swedish Museum of Wrecks said on Monday. Launched …
Rishi Sunak to be Britain’s new prime minister as rivals quit race
Rishi Sunak will be named the U.K.’s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation.
Rishi Sunak frontrunner to become Britain’s next prime minister
The search for a new U.K. prime minister Former British Treasury chief Rishi Sunak was the frontrunner Sunday in the Conservative Party’s race to replace Liz Truss as prime minister. Sunak …
China names Xi Jinping loyalists for core leadership group
In remarks Sunday, Xi emphasized the Party’s leadership in “a new journey to turn China into a modern socialist country,” according to an official translation.
Strict COVID-19 policies drive people out of Hong Kong
COVID policies drive people out of Hong Kong Large numbers of people have left Hong Kong not only due to political unrest, but also strict COVID-19 policies. Over the past …
China shuffles leadership committee and retains many Xi allies
But the new list for China’s central committee left off several officials with more market-leaning tendencies.
World powers at U.N. adopt sanctions aimed at Haiti criminal gangs
Haiti faces cholera crisis United Nations – The U.N. Security Council unanimously adopted a resolution on Haiti on Friday, with a targeted arms embargo, a U.N. Panel of Experts for …
British pound slides on political uncertainty, reversing Liz Truss resignation bounce
“Overseas investors are likely to see this political volatility as another reason to get out of U.K. assets,” one strategist told CNBC.
UK Prime Minister Liz Truss resigns after failed budget and market turmoil
U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.