News
Sunak or Truss will replace Boris Johnson
The next prime minister of the UK will be either Rishi Sunak or Liz Truss, after the Tories narrowed the field to the final two options.
The final round of votes eliminated Penny Mordaunt from the contest to find a new leader for the United Kingdom.
Rishi Sunak and Liz Truss now enter six-weeks of hustings, where they will attempt to convince the Conservative membership at large that they are the right person to enter Downing Street.
Boris Johnson resigned as UK Prime Minister in early July, but remained on as interim prime minister until his replacement could be found.
The Conservative Party membership will now vote on whether Rishi Sunak or Liz Truss should lead the party.
The results of these votes – which are likely to be postal ballots – won’t be announced until September 5th.
At which point, the United Kingdom will either have its third female prime minister, or its first prime minister of Asian minority ethnic background.
News
Chinese auto brands dominate, taking one in five Aussie sales
Chinese car brands surge in Australia, capturing 20% market share with diverse offerings and aiming for expansion despite challenges
Chinese car brands continue to rise in Australia, capturing 20% market share with a diverse range of EV offerings.
– Over 20 Chinese car brands, including BYD and MG, are now available in Australia, with four in the top ten.
– Traditional automakers are adapting to increased competition and concerns about the quality of new Chinese entrants.
Australia is witnessing a significant increase in the presence of Chinese car brands, with over 20 names currently available, including BYD, GWM, and MG. In August, four Chinese brands ranked in the top ten for the first time, indicating a growing market share.
Australia’s low trade barriers facilitate the entry of these brands, which view the market as an opportunity for growth and learning. Most electric vehicles sold outside of Tesla are Chinese, showcasing their dominance even in models from other manufacturers.
Industry analyst Mike Costello from Cox Automotive joins to discuss the latest developments in the EV space, and answers the big question: who was the dominate force at this year’s Munich Motor Show?
Money
RBA plans to ban credit card surcharges in Australia
Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards
Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards.
– The RBA plans to ban surcharges on debit and credit card transactions, supported by consumer group Choice.
– Major banks oppose the ban, warning it could lead to higher card fees and reduced rewards for credit card users.
The Reserve Bank of Australia (RBA) intends to implement a ban on surcharges associated with debit and credit card transactions. Consumer advocacy group Choice endorses this initiative, arguing that it is unjust for users of low-cost debit cards to incur similar fees as credit card holders.
The major banks, however, are opposing this reform. They caution that the removal of surcharges could prompt customers to abandon credit cards due to diminished rewards.
A final decision by the RBA is anticipated by December 2025.
News
Charlie Kirk’s legacy reshaping US conservatism
“Charlie Kirk united GOP grassroots through social media and activism, but his death raises questions about future leadership.”
Charlie Kirk united GOP grassroots through social media and activism, but his death raises questions about future leadership.
Charlie Kirk transformed the Republican grassroots movement by fusing social media reach with in-person activism, turning Turning Point USA into a cultural and political force.
His bold campus debates, viral online presence, and close alliance with Donald Trump energised young conservatives and boosted GOP turnout.
With his assassination, questions now loom over who can continue his unique blend of digital influence and grassroots organising.
#CharlieKirk #TurningPointUSA #ConservativePolitics #GOP #Grassroots #TickerNews
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