Dominic Raab’s staff ‘were offered mental health help’

Civil servants offered 'psychological support' after Dominic Raab's first stint as justice secretary. Several officials accused minister of 'belittling and undermining' them. But MPs are defending their colleague, who was dismissed by Liz Truss in September. Comes after it was reported that about 15 staff from his private office were offered ‘respite or a route out’ on Raab’s return last month.
#DominicRaab #TheSundayTimes #News #Health #MentalHealth

1 weeks ago

Brazil’s Lula honeymoon with investors over before starting

Brazil’s real currency and Bovespa stock index both lost approximately 4 percent on Thursday. Investors have soured over his public commitment to prioritising social spending over fiscal integrity and delays in naming his economic team. Central bank chief Roberto Campos Neto likened a market selloff to a “Liz Truss moment for Brazil”
#Lula #BusinessandEconomyNews #Brazil #News #Business #Markets

2 weeks ago

Morning news brief: Musk plans to lay off staff, oppositon demands probe in Truss's phone hacking case, & more - World News

At least 151 people were killed and more than 150 were injured during the Halloween celebrations. Uk opposition demands an investigation after reading in a newspaper that alleged spies had accessed former prime minister Liz Truss' cell phone.
#LizTruss #WorldNews #News #Technology #Mobile

3 weeks ago

Rishi Sunak will not attend Cop27 climate summit

Sunak's predecessor, Liz Truss, had reportedly planned to go to at least one day of the summit, but his spokesperson said he had 'other pressing domestic commitments' he said the autumn budget was among Sunak’s top priorities, but the government remained “committed to net zero and to leading international and domestic action to tackle climate change”
#RishiSunak #TheGuardian #News #Science #Enviornment

4 weeks ago

Rishi Sunak, the accidental prime minister of a nation in chaos

Sunak is the fifth prime minister of an embattled, divided island in less than six years. He lost the previous leadership bid to Liz Truss despite demonstrating competence as pandemic-time Chancellor. Politically, he needs to secure the support of the pro-Brexit, anti-migrant constituencies that don’t view him as an English “patriot”.
#RishiSunak #TheIndianExpress #Brexit #English #News #Business #Markets

1 months ago

Europe markets open to close: Investors watch earnings, monetary policy

The pan-European Stoxx 600 climbed 0.4% in early trade, with tech stocks adding 1.4% to lead gains. Major companies reporting quarterly earnings on Tuesday were HSBC , UBS , Novartis , Randstad , Air Liquide , SAP and Covestro. Shares in Europe closed higher on Monday after announcement that Rishi Sunak would replace Liz Truss as prime minister.
#RishiSunak #HSBC #pan #Europe #News #Business #Economy

1 months ago

UK PM handover not happening on Monday: Truss's spokesperson

A handover to the new prime minister, Rishi Sunak, will not happen on Monday, a spokesperson for prime minister Liz Truss said. He said there were discussions between the outgoing and incoming prime ministers and King Charles. Sunak promised to work for stability and unity.
#RishiSunak #Mint #News #Business #Economy

1 months ago

The Guardian view on Liz Truss’s resignation: a quitter after all

Labour mps were reduced to disarray over how to vote on a Labour motion against fracking. A run on the pound, a lurch in the bond market and an emergency intervention by the bank of England followed. There has been talk of MPs coalescing around a unity candidate to succeed.
#LizTruss #TheGuardian #News #Technology #Internet

1 months ago

Pound, London stocks climb after UK PM Liz Truss' resignation

The pound briefly surged more than one percent against the dollar to $1.1336 after Truss ended six tumultuous weeks in power. Analysts said gains were pared by the ongoing uncertainty. The FTSE 100 index was up 0.3 percent while the country's borrowing costs eased on the news.
#LizTruss #FTSE100 #London #News #Business #Markets

1 months ago

FTSE 100 slips after UK Prime Minister Liz Truss resigns

UK's main equity indexes hit session highs before paring gains on Thursday after Liz Truss said she was resigning as prime minister. The blue-chip FTSE 100 was down 0.1% as a jump in the pound hurt dollar earners such as AstraZeneca (AZN.L) and Diageo (DGE.L).
#LizTruss #Reuters #FTSE100 #News #Business #Markets

1 months ago

FTSE 100 Live: Pound above $1.12; gilt yields yields stay under 4% as Liz Truss resigns

Liz Truss resigns as prime minister after 45 days in office. Initial bounce in pound has begun to fade as implications of uncertainty sink in. Richard Burge, chief executive of the London Chamber of Commerce and Industry: “It is shocking that the Government has allowed chaos to have free reign in recent weeks, damaging our economy.
#LizTruss #EveningStandard #FTSE100 #News #Business #Markets

1 months ago

SNAPSHOT-Britain's political and market turmoil

British Prime Minister Liz Truss struggled to retain a grip on power on Thursday, a day after a second top minister quit. Transport Minister Anne-Marie Trevelyan sounded unsure when asked if Truss will fight the next election. More than 30 Conservative lawmakers abstained or failed to vote with the party, although some had permission to miss the vote.
#LizTruss #Conservative #British #Britain #News #Business #Markets

1 months ago

Sterling dips as market trims BoE rate hike bets, yen scrabbles off 32-year low

British finance minister Jeremy Hunt scrapped most of Prime Minister Liz Truss's economic plan and scaled back her energy support scheme. The historic policy U-turn aimed to stem a loss of investor confidence since Hunt's predecessor Kwasi Kwarteng announced on Sept. 23 a string of tax cuts with no details of how they would be paid for.
#JeremyHunt #British #News #Business #Markets

1 months ago

UK PM Truss battles to stay in power after tax reforms trashed

British Prime Minister Liz Truss battles to stabilise her position after economic crash forced her into humiliating U-turns on tax reforms. New finance minister Jeremy Hunt axed almost all the debt-fuelled tax cuts announced last month in a budget by her predecessor, Kwasi Kwarteng. Truss's governing Conservative party tanked in opinion polls amid the reversals and Britain's worsening cost-of-living crisis.
#Truss #Mint #British #Britain #News #Business #Economy

1 months ago

Jeremy Hunt junks ‘Trussonomics’, UK PM Liz Truss in peril

New finance chief Jeremy Hunt parachuted into the job on Friday to replace sacked Kwasi Kwarteng. He estimated the tax changes would raise about £32 billion ($36 billion) per year. The chancellor of the exchequer said no government could control markets.
#JeremyHunt #Trussonomics #News #Business #Markets

1 months ago

Trouble for Liz Truss? UK PM battles inflation as she faces possible sacking - India Today

Rumours swirl of possible rebellion among the tories. Liz Truss is the Conservatives’ fourth prime minister since the Brexit referendum.
#LizTruss #Conservatives #Brexit #News #Business #Markets

1 months ago

SNAPSHOT-Britain's bond market turmoil

Bank of England forced into emergency bond-buying to stem sharp sell-off in Britain's 2.1 trillion pound bond market. Sell-off began after finance minister Kwasi Kwarteng's tax-cut announcement. Prime Minister Liz Truss under pressure to change tack on an economic package that has roiled markets.
#KwasiKwarteng #BankofEngland #Britain #News #Business #Markets

1 months ago

350 year old painting shows ‘proof’ of time travel as man uses iPhone

The geezer in this 350-year-old painting is supposed to be 'handing a letter' to the woman sitting in front of him. Judging by the guy holding the iPhone’s rigid stance, he’s just received a push notification about Liz Truss’ latest antics.
#LizTruss #iPhone #News #Entertainment #Art

1 months ago

UK markets have lost $500 billion since Liz Truss took over as PM

The FTSE 350 Index has lost more than $300 billion in market capitalization. The rate on 10-year government bonds has risen by over one percentage point. A gauge of sterling-denominated junk bonds has seen its market value drop by $1.4 billion.
#LizTruss #BusinessStandardNews #FTSE350Index #News #Business #Markets

1 months ago

MC Explains: Why is the British pound getting pounded? Blame it on Liz Truss's tax largesse

The pound sterling hit a record low against the dollar on tuesday. The measures were aimed at lending a hand to the economy that is stumbling towards a recession. But the government estimates that the cuts will cost $45 billion by 2026.
#LizTruss #British #News #Business #Economy

2 months ago

Buzzing #HashTags