LONDON (AP) — Liz Truss, a onetime accountant who has served in Parliament for the past 12 years, will become Britain’s prime minister on Tuesday when Queen Elizabeth II formally asks her to form a government. The ceremony, which will take place at a royal residence in Scotland, follows a bruising two-month contest to succeed…
LONDON (AP) — Liz Truss became U.K. prime minister on Tuesday and immediately confronted the enormous task ahead of her amid increasing pressure to curb soaring prices, ease labor unrest and fix a health care system burdened by long waiting lists and staff shortages. At the top of her inbox is the energy crisis triggered…
BEIJING (AP) — Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth and Australia’s central bank raised its benchmark interest rate. Shanghai, Tokyo and Seoul gained while Hong Kong declined. The Chinese Cabinet’s planning agency promised Monday to accelerate easier lending and…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%. The Reserve Bank of Australia’s decision was the cash rate’s fourth consecutive hike of half a percentage point. When the bank lifted the rate by a quarter percentage point at…
BEIJING (AP) — Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth. Shanghai gained while Hong Kong declined. Tokyo and South Korea were unchanged at midday. The Chinese Cabinet’s planning agency promised Monday to accelerate easier lending and other policies but announced…
MOSCOW (AP) — A former journalist was convicted of treason and handed a 22-year prison sentence on Monday after a trial that has been widely seen as politically motivated and marked a new step in a sweeping crackdown on the media and Kremlin critics. The sentence handed to Ivan Safronov, who worked as a military…
PARIS (AP) — French President Emmanuel Macron is calling for a sharp 10% reduction in the country’s energy use in coming weeks and months to avoid the risk of rationing and cuts this winter, amid tensions with supplier Russia over the war in Ukraine. Macron warned Monday that forced energy savings might have to be…
LONDON (AP) — Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers’ personal information in violation of strict European Union data privacy rules. Ireland’s Data Protection Commission said by email Monday that it made a final decision last week to fine the company 405 million…
BRUSSELS (AP) — Ukraine’s prime minister on Monday urged the European Union to stand firm against Russian energy “blackmail” and appealed for more weapons, including aircraft, for the war-ravaged country even as EU armament stocks run low. “Russia wages a hybrid war in the European continent against the European Union. The gas blackmail, the oil…
LONDON (AP) — Liz Truss has been elected as the Conservative Party’s new leader, the party announced Monday, and she will take office Tuesday as Britain’s new prime minister to steer the country through an acute cost-of-living crisis. The 47-year-old Truss, who is currently foreign secretary, beat former Treasury chief Rishi Sunak after a leadership…
