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Liz Truss resigns as UK Prime Minister

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UK Prime Minister Liz Truss has resigned after 45 days in the role

British Prime Minister Liz Truss announced her resignation as UK prime minister in a statement outside Downing Street.

Truss becomes Britain’s shortest-serving prime minister, after taking over from Boris Johnson 45 days ago.

“I cannot deliver the mandate on which I was elected,” she said.

Truss notified King Charles III of her resignation—a role he has held himself for 42 days.

There will be Conservative leadership election within the next week to elect the new UK prime minister.

“I will remain as Prime Minister until a successor has been chosen,” Truss said.

The embattled leader met with the chairman of the 1922 Committee of backbench MPs earlier in the day, after more of her own Tory colleagues called for her to stand down.

It also follows Home Secretary Suella Braverman handing in her resignation.

Troubled Truss

Liz Truss has become the UK’s shortest-serving prime minister.

She rose to the top job after a Conservative Party ballot, in which she beat former Chancellor Rishi Sunak.

At the time, the Conservatives were embroiled in a string of scandals.

This includes the ‘PartyGate’ fiasco in which her predecessor flouted Covid-19 lockdown restrictions while hosting parties at Downing Street.

Two days after she was sworn in by the late Queen Elizabeth II, the monarch herself passed away.

Truss’ tenure was met with a 10 day mourning period for Queen Elizabeth II, and an ambitious economic agenda.

Outside Downing Street, Truss said she came into office at a time of “great economic and international instability”.

However, she said her government delivered on energy bills and cutting national insurance.

She added there was a vision for a “low tax high growth economy”.

The UK’s economic uncertainty was worsened by the so-called ‘mini-budget’, which saw the UK pound fall to a record low.

As the economic woes continued, she sacked her Chancellor Kwasi Kwarteng.

The pound rose somewhat after Truss’ announcement before settling back at around $1.12.

Labour leader Sir Keir Starmer demanded a general election “now” following Truss’ resignation as prime minister.

The prime minister had appeared in the House of Commons a day earlier, where she said she was a “fighter, not a quitter”.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

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Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


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Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


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EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


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