Tag: United Kingdom

• Monday, October 31st 2022 - 10:37 UTC

  Rishi Sunak congratulates Lula: “I look forward to working together on the issues that matter”

  

  United Kingdom's new Prime Minister, Rishi Sunak, congratulated elected-president Luiz Inacio Lula da Silva on his victory in Brazil's election against incumbent president Jair Bolsonaro, saying he looked forward to coordinating on issues including protecting the planet's natural resources.

• Monday, October 31st 2022 - 09:55 UTC

  The cost of political instability has left its toll in the value of UK bonds

  

  Since the start of 2022, and with the increasing political instability situation in the United Kingdom. more than £1.3 trillion has been wiped off the value of UK bonds, following a major sell-off across bond markets, according to figures released at the end of last week's trading.

• Thursday, October 27th 2022 - 09:56 UTC

  UK: Sunak to announce strategy two weeks later than planned

  

  Britain's newly-appointed Prime Minister Rishi Sunak Wednesday announced he was postponing the presentation of his plan to curb the country's current crisis and set Nov. 17 instead of Oct. 31 for the official launch.

• Tuesday, October 25th 2022 - 09:10 UTC

  UK faces an era which could be more difficult than 2008, Lord King, ex BoE governor

  

  Lord Mervyn King, governor of the Bank of England from 2003 to 2013 said the United Kingdom faces an era of much austerity to stabilize the economy, with the average person having to face “significantly higher taxes” to fund public spending.

• Monday, October 24th 2022 - 14:22 UTC

  Rishi Sunak to be Prime Minister of the United Kingdom

  

  Rishi Sunak, the grandson of Indian immigrants, was nominated Monday by the British Conservative Party to replace Liz Truss as its leader and next prime minister, as his rival, Leader of the House of Commons Penny Mordaunt, failed to win enough support to run.

• Monday, October 24th 2022 - 09:55 UTC

  Boris Johnson steps down from PM job race, might run in 2024

  

  Former British Prime Minister Boris Johnson has stepped down from the Conservative Party race to succeed Liz Truss citing the lack of unity among his own ranks.

• Saturday, October 22nd 2022 - 10:20 UTC

  Gloomy picture of UK economy: Sterling KO, retail sales down and government borrowing increasing

  

  Pound sterling trading ended on Friday at US$ 1.12, after rallying on Thursday following the announcement of Prime Minister Liz Truss Thursday resignation. However new figures showed a gloomy picture of the UK economy.

• Friday, October 21st 2022 - 10:55 UTC

  Five candidates to replace PM Liz Truss, “fighter turned a quitter”; chaos among Conservatives

  

  Liz Truss announced on Thursday she will resign, which means there will now be another leadership election to decide who becomes the next Conservative leader and prime minister. The contest to replace “the lettuce” as some London media identifies Ms Truss sis expected to be completed by the end of next week.

• Thursday, October 20th 2022 - 21:41 UTC

  Tories scratching their heads in search of a replacement for resigning PM Truss

  

  Liz Truss Thursday became the British Prime Minister with the shortest-ever time in office after submitting her resignation, although she managed to serve under two different monarchs.

• Thursday, October 20th 2022 - 10:21 UTC

  UK ambassador in Peru: “Falklands/Malvinas is a closed case for us”

  

  UK ambassador in Peru, Gavin Cook, interviewed by the Lima media said that the Falklands/Malvinas issue is a “closed case” for London, ratifying UK sovereignty over the Islands but also admitted having discussed the issue at length with officials from the host country.