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Sunak or Truss will replace Boris Johnson

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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.

PENNY MORDAUNT WAS KNOCKED OUT IN THE FINAL CONSERVATIVE PARLIAMENTARY ROUND

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.

FORMER CHANCELLOR RISHI SUNAK IS IN THE RUNNING TO BECOME THE FIRST PRIME MINISTER OF THE UNITED KINGDOM OF ASIAN MINORITY ETHNIC BACKGROUND

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.

FOREIGN SECRETARY LIZ TRUSS IS IN THE RUNNING TO BE THE UK’S THIRD FEMALE PRIME MINISTER

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.

PENNY MORDAUNT THANKED HER SUPPORTERS AFTER SHE WAS KNOCKED OUT OF CONTENTION

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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Rate cuts ahead? US stocks bounce as inflation cools

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Investor sentiment is improving as fresh data out of the US and Australia shifts expectations for central bank action.

Stronger-than-expected labour market figures in Australia have raised questions about whether the Reserve Bank will move ahead with a rate cut next week. While the RBA has signalled it is watching data closely, the resilience in employment may force a delay.

Meanwhile, in the US, softer inflation data has lifted hopes that the Federal Reserve could cut rates later this year. That news helped spark a sharp turnaround in US equities, with the so-called “sell America” trade now unwinding as buyers return to Wall Street.

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Trump’s $600B Middle East Deal: What It Means for Global Stability

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President Donald Trump’s four-day Middle East tour during his second term has sparked global attention, locking in a monumental $600 billion investment from Saudi Arabia. From AI to defence, space to energy—this economic pact is reshaping U.S. foreign policy.

In an unprecedented move, Trump also lifted long-standing U.S. sanctions on Syria after meeting its new president, raising eyebrows among traditional allies.

Ticker News anchor Veronica Dudo speaks with Erbil “Bill” Gunasti, former Turkish PM Press Officer and Republican strategist, to break down the implications for national security, global diplomacy, and the path to peace in Ukraine.

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Trump’s AI deals raise concerns over China ties

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

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Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

In Short:
Trump’s AI deals with Saudi Arabia and the UAE are causing internal conflicts in his administration over US national security. Officials are concerned that American technology supplied to the Gulf could ultimately benefit China, leading to calls for enhanced legal protections.

President Donald Trump’s recent AI deals in Saudi Arabia and the UAE are causing internal conflicts within his administration.

Concerns are rising among officials, particularly China hawks, about the implications for US national security and economic interests.

Agreements include shipments of vast quantities of semiconductors from Nvidia and AMD to the Gulf states, prompting fears that American technology could ultimately benefit China, given the region’s ties with Beijing.

While the accords include clauses to limit Chinese access to the chips, some officials argue that further legal protections are necessary.

Critics, including Vice President JD Vance, have suggested that maintaining US dominance in AI is crucial, and shipping chips abroad might undermine that goal.

Supporters of the deals, including AI Adviser David Sacks, argue the need for American technology in the Gulf to deter reliance on Chinese alternatives.

Despite this, internal discussions are underway to potentially slow down or reassess the agreements due to ongoing national security concerns.

Conversations have also included proposals for a significant chip manufacturing facility in the UAE, which many officials deem risky due to China’s influence.

Additionally, worries persist about G42, an AI firm in Abu Dhabi, which has historical ties to Huawei.

The agreements with Gulf countries promise to enhance their technological capabilities while necessitating careful oversight to address US security priorities.

 

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