Sunak has also begun reshuffling his cabinet, as UK residents feel the pinch of what is a “profound economic crisis”.
Jeremy Hunt will stay on as chancellor, a position he acquired after Kwasi Kwarteng’s disastrous mini-budget.
Suella Braverman will once again be home secretary just days after sensationally resigning from this very role.
Dominc Raab is deputy PM and justice secretary, while Michael Gove is levelling up secretary.
Grant Shapps is the new business secretary, with Sunak’s former leadership rival Penny Mordaunt staying on as leader of the House of Commons.
Mistakes have been made
Speaking outside his new home, 10 Downing Street, Sunak paid tribute to his predecessor, Liz Truss, while also acknowledging mistakes have been made.
“Our country is facing a profound economic crisis. The aftermath of COVID still lingers. Putin’s war in Ukraine has destabilised energy markets and supply chains the world over,” Sunak said.
“I will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come.
“I want to pay tribute to my predecessor Liz Truss. She was not wrong to want to improve growth in this country. It is a noble aim. And I admired her restlessness to create change.
“But some mistakes were made — not born of ill will, or bad intentions. Quite the opposite, in fact. But mistakes, nonetheless. And I have been elected as leader of my party and your prime minister, in part to fix them.”
William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment.
With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'.
A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.
In Short:
– Trump’s approval rating has dropped to 38% due to concerns over costs and the Epstein investigation.
– Only 26% of Americans approve of Trump’s handling of everyday expenses amidst rising inflation.
A recent Reuters/Ipsos poll indicates U.S. President Donald Trump’s approval rating has dropped to 38%, marking the lowest level since his return to power. Dissatisfaction stems from rising living costs and concerns regarding the investigation into Jeffrey Epstein.The four-day poll, concluding on November 18, reveals only 26% of Americans approve of Trump’s management of everyday expenses. Increasing public concern regarding inflation has further eroded support. The Republican-controlled House recently passed a measure to release Justice Department files on Epstein, an issue Trump initially resisted but later supported.
Poll findings show Trump’s overall approval has declined two points since early November. He began his second term with a 47% approval rating, now nearing lows seen during his first term. Biden’s approval fell as low as 35%, reflective of economic discontent.
Republican Support Wanes
Trump’s approval rating among Republican voters is now 82%, a decrease from 87% earlier this month. The perception that he is not adequately addressing living costs is a significant concern, contributing to reduced popularity among constituents. Notably, only 20% approve of Trump’s handling of the Epstein case, with 70% believing the government is withholding information.
Trump’s economic strategy, which included tax increases on imports, has been criticized for contributing to rising prices. As midterm elections approach, his declining popularity may pose challenges for Republican candidates in upcoming races.
In Short:
– Microsoft and Nvidia are investing $15 billion in Anthropic to strengthen their partnership and cloud services.
– The collaboration aims to reduce dependence on OpenAI and enhances chip performance with Nvidia’s technology.
Microsoft and Nvidia are set to invest in Anthropic, committing a combined $15 billion as part of a new partnership. This collaboration includes a $30 billion commitment from Anthropic to use Microsoft’s cloud services. Both companies aim to reduce their dependence on OpenAI, a move analysts consider significant in the evolving AI landscape.
The partnership is a response to the increasing demand for computing power in the AI sector. Microsoft CEO Satya Nadella indicated that the collaboration will allow both companies to utilise Anthropic’s models while integrating their infrastructures. He confirmed that OpenAI remains a valued partner within this ecosystem.
Reducing Reliance
The announcement follows OpenAI’s restructuring to enhance its operational autonomy. OpenAI has also initiated a $38 billion deal with Amazon for cloud services, seeking to lessen its reliance on Microsoft. Analysts express concern over the AI sector’s burgeoning valuation, noting potential risks associated with interdependent revenue structures. D.A. Davidson analyst Gil Luria acknowledged this deal as a strategic effort to diversify partnerships beyond OpenAI.
Founded in 2021, Anthropic has rapidly scaled, recently valued at $183 billion, and focusing largely on enterprise clients. It boasts over 300,000 business customers and projects a significant increase in revenue. The collaboration includes enhancing chip performance with Nvidia and expanding access to Anthropic’s Claude models across major cloud platforms.
