The new British Prime Minister Liz Truss has selected a cabinet where for the first time a white man will not hold one of the country’s four most important ministerial positions. Truss appointed Kwasi Kwarteng – whose parents came from Ghana in the 1960s – as Britain’s first Black finance minister while James Cleverly is the first Black foreign minister. ...

Liz Truss became Britain’s next prime minister on Tuesday after meeting with Queen Elizabeth II, who asked her to form a new government as the country faces an acute cost-of-living crisis. Truss, 47, took office in the carefully choreographed ceremony with the monarch a day after the ruling Conservative Party announced that Truss was elected as its leader, AP reports. ...

Prime Minister Boris Johnson left his Downing Street office for the last time on Tuesday before heading to Scotland to formally offer his resignation to Queen Elizabeth II. The British leader, who announced his intention to step down two months ago, is expected to meet with the queen in the late morning at her Balmoral estate to begin the transfer ...

Australia’s central bank hiked interest rates to a near eight-year high Tuesday as it joins others in trying to bring down sky-high inflation and warned further increases were likely that would hit families’ pockets. The Reserve Bank of Australia lifted borrowing costs 50 basis points to 2.35 per cent, the highest since that start of 2015, reports AFP.   The ...

The UK’s next prime minister, Liz Truss, takes power as a traditional, low-tax Conservative eurosceptic promising to turbo-charge economic growth. Her position is the polar opposite of how she started out, as the Liberal Democrat-supporting daughter from a family of progressives, who opposed the monarchy and Brexit. Her self-styled lifelong political “journey” has prompted criticism that she lacks genuine conviction ...

The euro sunk below $0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline. The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against the dollar since the start of the ...

Liz Truss, who won the Conservative party leadership election on Monday, will become the 15th UK prime minister during the reign of head of state Queen Elizabeth II. The monarch will ask Truss to form a government on Tuesday, once Boris Johnson has formally tendered his resignation. Here is a list of the previous occupants of 10 Downing Street since ...

Liz Truss is expected to be named leader of the governing Conservative Party and Britain’s next prime minister on Monday, poised to take power at a time when the country faces a cost of living crisis, industrial unrest and a recession. After weeks of an often bad-tempered and divisive party leadership contest that pitted Truss against Rishi Sunak, a former ...

As the voting for British Prime Minister election is over, the official announcement will be made tomorrow. British Prime Minister Boris Johnson has resigned as prime minister and party leader amid strong opposition from within his own party, the ruling Conservative Party, over the issue of hosting alcohol parties in the Prime Minister’s office in violation of the Corona regulations. ...

The world’s largest ride-sharing company Uber contributed Tk 45 billion to Bangladesh economy in the year of 2021, said a report. UK-based policy research firm named Public First researched and compiled Uber’s 2021 Bangladesh Economic Impact Report and released the outcome on Sunday. The way as to how Uber helped transform the on-demand economy for riders, driver partners, and the ...