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
Betoota’s fake $34.5 million Sportsbet deal sends media Into meltdown
The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.
The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.
Australia’s most infamous satire site, The Betoota Advocate, caused online chaos after posting a fake $34.5 million “acquisition offer” from Sportsbet. The joke was so convincing it fooled thousands, including major media outlets, and reignited debate about what’s real in today’s digital news cycle.
In this episode, we break down how the prank unfolded, why so many believed it, and what it reveals about trust in media. From viral posts to red-faced journalists, it’s a story that blurs the line between clever satire and misinformation.
So, is Betoota simply trolling the system, or holding up a mirror to it? Darren Woolley from TrinityP3 joins us to unpack what happens when satire hits too close to home.
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#BetootaAdvocate #Sportsbet #FakeNews #Satire #MediaTrust #ViralStory #TickerNews #Australia
News
UPS cargo plane crashes in Kentucky, as death toll rises
UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise
UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise
In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.
A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.
Several people with serious injuries are receiving treatment at nearby hospitals.
The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.
Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.
Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.
UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.
Investigation Underway
The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.
In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.
News
This may be the AI market correction, according to traders
US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.
US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.
US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.
Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.
Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.
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#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing
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