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Timetable to replace Boris Johnson is set

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The race to enter Downing Street to become the new Tory leader is set to begin

The race to choose a new Conservative leader – and therefore the new prime minister of the United Kingdom – will start on Tuesday 12 July.

And the date this new leader will be known, and Mr Johnson will be leaving Downing Street?

That will be September 5.

DOWNING STREET

A crowded field of 11 candidates have put their hats in the ring so far.

Liz Truss, the former Foreign Secretary, was the latest to declare after she contributed an article in the UK’s Telegraph newspaper on Monday.

The outgoing prime minister – Boris Johnson – has so far refused to endorse any candidate.

“I wouldn’t want to damage anybody’s chances by offering my support.”

BORIS JOHNSON, RESIGNED UK PRIME MINISTER

Tax cuts seem to be the order of the day.

Every candidate who is standing has said that tax cuts would be part of their platform in one way or another.

The justifications centre on their desires to tackle the cost of living crisis.

But Labour leader Sir Keir Starmer has hit out at the Tory leadership campaign, referring to the tax cuts as “fantasy economics.”

“Over the weekend, the contenders have made more than £200bn of unfunded spending commitments. Let that sink in” 

SIR KEIR STARMER, UK LABOUR LEADER

11 candidates are current running.

This includes Rishi Sunak – who was Chancellor of the Exchequer during Boris Johnson’s tenure as Prime Minister.

RISHI SUNAK, CURRENTLY IN THE UNOFFICIAL LEAD. RISHI SUNAK WAS CHANCELLOR DURING THE PANDEMIC AND FOR MUCH OF BORIS JOHNSON’S TENURE

Various polls published across multiple UK newspapers have Rishi Sunak as the current favourite – and the final battle will be between Rishi Sunak – and whoever is left to face him.

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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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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