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Boris Johnson pulls out of race to become Britain’s next PM

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Former United Kingdom Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss

This is despite reports that some Conservative MPs had backedJohnson for the top job and that he had told allies over the last couple of days that he would formally join the contest. With this news, the Conservative field for leadership appears to be wide open.

It is unclear what exactly changed for Johnson in the span of a few days. The U.K.’s Telegraph newspaper reported on Tuesday that he was “on the brink” of confirming his candidacy and had already started to line up support from potential donors.

But in a statement late Sunday, Johnson said it was “simply not the right time.” He added he had “cleared the very high hurdle of 102 nominations” to take part in the latter stages of the contest.

Around 60 lawmakers had publicly backed the ex-PM but there had been question marks over exactly how many nominations he had received.

Johnson mentioned his two rivals in his statement, Rishi Sunak and Penny Mordaunt, who have both officially entered the contest.

“And though I have reached out to both Rishi and Penny — because I hoped that we could come together in the national interest — we have sadly not been able to work out a way of doing this,” Johnson said.

Johnson’s office did not immediately respond to CNBC’s request for comment outside of regular office hours in London.
Truss announced her decision to step down as leader of the U.K.’s governing Conservative Party on Monday, saying she wanted to focus on her young family. An election to replace her will take place over the summer.

All eyes on Rishi Sunak

RISHI Sunak ditched his usual slick branding and snazzy campaign videos.

The runaway favourite to replace Liz Truss hoovered up almost half of Tory MPs and won over some big-name backers from the Brexit wing of the party.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Global EV shake-up: Australia slows, China surges, Lexus teases supercar

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.

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Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.


Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.

Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.

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#EVNews #ElectricCars #AustraliaEV #ChinaEV #LexusLFA #Zeekr7X #SustainableTransport #EVMarket


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Lando Norris claims first F1 World Championship after dramatic Abu Dhabi showdown

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Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.


Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.

His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.

Norris closed out the season with 423 points, marking a defining milestone in his career.

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#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews


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China naval activity raises tensions from Philippines to Galápagos

Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.

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Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.


Tensions in the South China Sea are rising as Chinese naval and fishing vessels are spotted near the Philippines and even as far as the Galápagos Islands. Experts warn these movements could impact regional security and international waters.

We speak with Tim Harcourt from UTS to break down the significance of these developments, including the role of Taiwan, ASEAN, and Japan in responding to Chinese maritime activity.

From potential diplomatic fallout to economic implications, this interview dives into what these naval movements mean for the future of the region and global trade.

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#ChinaNaval #SouthChinaSea #Geopolitics #Philippines #Galapagos #MaritimeTensions #InternationalRelations #TickerNews


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