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Gone but not forgotten. Boris exits stage right

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Just days after Liz Truss announced her resignation, Boris Johnson backed out of the race to be the next leader of the Conservative Party.

Johnson had been considered a favorite to win the contest, but he claimed in a statement that he would not be able to govern effectively without the support of a majority of MPs. This latest development is sure to add more fuel to the fire in an already tumultuous time for British politics.

The race to replace Truss as leader of the Conservative Party has been underway for less than a week, but it has already been fraught with drama.

Allies of Johnson, who resigned in disgrace after months of scandal wrecked his reputation, started clamoring for his return in the wake of Truss’s resignation last week. The ex-PM flew back from a Caribbean holiday to court favor among his colleagues.

But that effort backfired. Johnson backed out of the contest on Sunday evening, after a weekend of reported meetings with the other contestants. In a characteristically hubristic statement, Johnson claimed he had enough support to run and insisted there was “a very good chance” he would win the competition.

But he said he had concluded that running “would simply not be the right thing to do,” because he wouldn’t be able to govern effectively without the support of a majority of MPs.

This latest development will no doubt add more turmoil to an already chaotic time in British politics. With Brexit negotiations ongoing and no clear end in sight, it remains to be seen who will step up to lead the country through this tumultuous period.

Boris Johnson’s withdrawal from the Conservative leadership race has added yet another layer of chaos to an already turbulent time in British politics.

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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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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