Newsletter Jun 9, 2022
Authority shaken, Boris Johnson pitches new plan for UK economy

Rocked by a major revolt against his leadership this week, British Prime Minister Boris Johnson will on Thursday promise to rejuvenate a flagging economy and make it easier for young people to buy homes.
UK house-building slows to weakest since May 2020 - PMI

Construction of new homes in Britain almost ground to a halt last month as builders feared the cost-of-living squeeze and rising interest rates would constrain demand, a closely watched survey showed on Wednesday.
Conservative Party: Who are the rebels and why do they want Boris Johnson gone?

The Tory Reform Group, formed in 1975, is the most hostile to Johnson, both personally and politically.
Cost of living crisis: what research says about the potential psychological impact

The poorest 10% of households spend up to three times more of their family budget on food and energy bills as compared to the wealthiest 10%
Wizz Air says airline suffering major costs from chaos at airports

Wizz Air said on Wednesday it was suffering significant costs from cancellations and "operational hiccups" at airports, especially in the United Kingdom, as the industry tackles a shortage of air traffic controllers and security staff.
What struggling businesses can do to weather the economic storm

A recent report suggests the number of businesses in "critical financial distress" is up by 19% in the first quarter of 2022 compared to 2021.
Ukraine's grain crop at risk as silos still half full due to stalled exports

Grain silos in Ukraine's government-controlled territory are about half full in the run-up to this year's harvest, meaning crops could be left in the ground if Russia continues its port blockade, the head of the Ukraine Grain Association said on Wednesday.
Intel freezes hiring in PC chip division for at least two weeks

Intel Corp has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.
'Every Day Something Burns': Despair On Ukraine's Battered Frontline

'Every day something burns': Despair on Ukraine's battered frontline
Paris 2015 Attacks Trial Hears Closing Arguments

Paris 2015 attacks trial hears closing arguments
Russian Orthodox Church Sends Its Second Most Powerful Figure On Lower-ranking Overseas Posting

Russia's Orthodox Church has ousted its second most powerful bishop from his role in charge of foreign relations and sent him to Budapest, an abrupt decision indicating discord at the top of the Moscow Patriarchate over the war in Ukraine.
Fallen Football Chiefs Blatter And Platini Start Fraud Trial

Fallen football chiefs Blatter and Platini start fraud trial
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