Sunak says he is “humbled and honoured” to have the support of his fellow MPs and be elected leader.
“It is the greatest privilege of my life to be able to serve the party I love and give back to the country I owe so much to.”
News
Rishi Sunak becomes the UK’s youngest PM in two centuries
Rishi Sunak is Britain’s next leader after Mordaunt removed herself from the race
It’s official, Rishi Sunak will become the next prime minister of the United Kingdom.
Sunak was met with a round of applause when arriving at Conservative Party HQ in Westminster.
He is the third prime minister the country has seen in just three months, following Boris Johnson and Liz Truss’ resignations.
Chairman of the Committee of Conservative MPs, Sir Graham Brady, announced the victory.
Sunak has pledged his commitment to the United Kingdom.
He has the responsibility of steering a deeply divided country through an economic downturn and political unrest.
But Sunak has vowed to get Britain back on track.
“The United Kingdom is a great country but there is no doubt we face a profound economic challenge. We now need stability and unity and I will make it my utmost priority to bring our party and our country together.”
rishi sunak, uk Prime Minister
He is the country’s first non-white PM. But more importantly, he’s already calming a lot of nerves about the economy and where this country is headed.
Confidence in his Conservative Party is low right now.
The economy is top of mind here. There’s a cost of living crisis and inflation is over 10 per cent. But Sunak might be the best positioned to tackle the financial turmoil.
He’s the former finance minister, he’s been very clear about his planned policies for taxes and growth, and just look at the markets: today’s news has rallied the British stock exchange and the pound.
Labour says that three Prime Ministers in this short time is a sign that the conservative party doesn’t have things together – they’re calling for a new general election to let the voters decide what the balance of power looks like in Parliament.
That’s unlikely to happen though. Rishi Sunak should have the keys to 10 Downing Street in the next 24 hours.
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News
Ukraine backs US-led peace accord as final details near completion
Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.
Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.
Ukraine has signalled support for a US-led peace accord aimed at ending the war with Russia, with officials confirming that only minor elements remain to be finalised. The framework represents the most significant diplomatic breakthrough since the conflict began.
According to Ukrainian officials, Kyiv fully supports the essence of the proposal, while Washington says progress is encouraging but further negotiations are required. The agreement focuses heavily on territory held by Russia and the security guarantees needed to protect Ukraine long-term.
With momentum building, global attention now turns to how remaining issues will be resolved and how soon a final agreement can be reached.
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#Ukraine #Russia #PeaceTalks #USPolitics #Geopolitics #WarInUkraine #Diplomacy #BreakingNews
News
Australia launches new AI Safety Institute to protect the nation
Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.
Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.
Australia is taking a major step toward responsible artificial intelligence with the creation of the Australian Artificial Intelligence Safety Institute (AISI). The new body aims to assess AI risks, strengthen national protections and position the country as a global leader in safe and ethical AI development.
In this episode, Dr. Karen Sutherland from UniSC explains what sparked the institute’s creation, how it will operate, and the key functions it will serve in helping government and industry navigate fast-moving AI challenges. She breaks down how the AISI plans to elevate national understanding of advanced AI systems and collaborate with the wider National AI Centre network.
We also explore how the AISI will support international agreements, protect the rights of Australians and help businesses keep pace with rapidly evolving AI technologies. Plus, we look at the institute’s long-term ambitions in shaping the global AI safety landscape.
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#AISafety #ArtificialIntelligence #AustraliaTech #TechPolicy #FutureOfAI #DigitalSafety #InnovationNews #TickerNews
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
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