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Boris Johnson remains interim PM until successor found

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Boris Johnson will stay as interim prime minister of the United Kingdom until the Conservative party decide on who succeeds him

Boris Johnson resigned as United Kingdom’s prime minister, triggering a race to fill the top job.

“I know that there will be many people who are relieved and perhaps quite a few who will also be disappointed. And I want you to know how sad I am to be giving up the best job in the world. But them’s the breaks.”

BORIS JOHNSON
FORMER PRIME MINISTER OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND

By midday on Thursday, 59 Ministers in Boris Johnson’s government had resigned their posts.

Less than one hour later, Boris Johnson appeared at 10 Downing Street’s front door – saying it was clear a new leader was needed.

It was a speech noted for its absence words like “resign” or “resignation”.

“It was a short and bizarre resignation speech which didn’t mention the word resign or resignation once. There was no apology, no contrition,”

Andrew Bridgen
CONSERVATIVE MP

Despite a meteoric rise to the UK’s top job, Boris Johnson’s prime ministership quickly plunged into scandal and outrage.

He took over the reigns from Theresa May, who failed to deliver Brexit on her watch.

He called an election for December 12, 2019 with the promise to “Get Brexit Done” and won the Conservatives an 80-seat majority, paving the way for a rapid Brexit.

But the twilight of his prime ministership saw increasing scandals and disgrace that ate away at his authority and support.

Parties and socialising that took place in Number 10 during the height of Coronavirus pandemic lockdowns were revealed, and became persistent scandal.

Luxurious and expensive renovations of the residences within Number 10 were a further source of public anger.

As was the appointment of a minister who was accused of sexual misconduct.

Ultimately, Boris Johnson, famed for his bluster, banter and cavalier bravado could not hold onto power.

British Prime Minister Boris Johnson leaves from the back entrance of Downing Street in London, Britain June 6, 2022. REUTERS/Toby Melville

Boris Johnson leaves behind a post-Brexit nation

He leaves behind Northern Ireland, the only part of the UK that shares a land border with the European Union, facing increased bureaucracy, paperwork and delays in customs.

An increasingly loud Scotland with Nicola Sturgeon making the case for another attempt at Scottish independence.


And a country reeling from a cost of living crisis.

Whoever ultimately takes over from Boris Johnson will have to hit the ground running.

Simon is a ticker NEWS corespondent in London. Simon started his career in his hometown of Sydney as a news video producer for NineMSN, then moved to the UK with Good Morning Britain on ITV, followed by a TV reporter for a local news service in Manchester in England’s north. Simon joins ticker News after several years in the London headquarters of ITN Productions as a news producer, and as an assistant news editor for ITV News.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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