Newsletter Jul 11, 2022
Candidates jostle to replace UK PM Johnson in packed race

The contest to replace British Prime Minister Boris Johnson gathered pace on Sunday as five more candidates declared their intention to run, with many pledging lower taxes and a clean start from Johnson's scandal-ridden premiership.


Foreign minister Truss joins 11-strong UK leader race

The early favourite is former finance minister Rishi Sunak, who launched his campaign Friday after helping to kickstart the cabinet revolt that led to Johnson's forced resignation


Transport minister latest Tory MP to unveil bid to replace Johnson

The likely months-long campaign, potentially pitting more than a dozen Conservative MPs and multiple factions of the ruling party against each another, is set to be formalised Monday.

Former UK finance minister Sunak bids to replace PM Johnson

British former finance minister Rishi Sunak said on Friday he was running to replace Boris Johnson, three days after helping to launch the cascade of resignations that brought the prime minister down.

Voters in Tory heartlands divided on Johnson's fate

Johnson announced his resignation as party chief on Thursday, after a cabinet uprising over scandals culminating in his appointment of an ally with a history of sexual assault allegations to a senior role.

Levelling up the UK: 'I'll believe it when I see it'

As prime minister, Boris Johnson vowed to bring long-neglected post-industrial areas level with other, more prosperous places.

Safe haven dollar stands tall on inflation, energy jitters

The euro languished at $1.01475, having lost 2.3% last week and briefly falling to its lowest since late 2002.

Oil mixed as market weighs tight supply against recession jitters

Oil prices were unsteady on Monday, with Brent trading higher on supply concerns while West Texas Intermediate (WTI) dipped, as traders balanced supply concerns against worries about a recession or China's COVID-19 curbs hitting demand.

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