Liz Truss led Rishi Sunak by 32 points in the latest survey of UK Tory members by the ConservativeHome website, suggesting she remains on track to win the race to succeed Boris Johnson as prime minister, Bloomberg reported. Some 60% of the 961 Tory members polled by the influential website said they favored Truss to become the Conservative Party’s new ...

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures rose 13 cents, or 0.1%, to $92.47 a barrel by 0035 GMT. West Texas Intermediate (WTI) crude futures climbed ...

The American space agency Nasa is rolling out its giant new Moon rocket to prepare it for a maiden flight. Known as the Space Launch System (SLS), the vehicle is being taken to Pad 39B at the Kennedy Space Center in Florida for a lift-off scheduled for 29 August. The debut outing is a test with no crew aboard, but ...

The High Court on Tuesday issued a rule asking the government to explain as to why raising fuel price through a gazette notification instead of holding a public hearing should not be declared illegal. The HC bench of Justice Md Mojibur Rahman Mia and Justice Kazi Md Ejarul Haque Akondo issued the rule after hearing a writ petition challenging the ...

Oil prices extended losses Tuesday after weak US and Chinese data reinforced recession expectations, though equities won support from hopes the figures will allow central banks to temper their pace of interest rate hikes. Stock traders tracked a Wall Street advance led by tech firms thanks to an increase in bets that the Federal Reserve will not lift borrowing costs ...

A ‘danger to life’ amber warning has been issued for parts of south-west England as thunder, lightning and flooding are set to wash out the UK’s scorching heatwave. A yellow weather warning has come into force across the country, with the additional amber warning in place for Cornwall, Devon and Somerset until 8pm on Monday. The Met Office has implemented ...

Oil prices slumped more than five percent Monday on the rising prospects of a return of Iranian oil to the market and data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets drifted lower and the dollar traded mixed as investors welcomed signs of cooling US inflation, which nevertheless remains at the highest level ...

Pathao, a popular bike ride service, has raised its fares as much as 18 percent following a hike in fuel prices. Obhai, another ride hailing service, has not raised the fares on its CNG-powered autorickshaws, but has increased the fares for car rides ‘slightly’. Pathao operates in the city areas of Dhaka, Chattogram and Sylhet, while Obhai only provides service ...

Rishi Sunak, one of two candidates seeking to become Britain’s next prime minister, said Friday’s attack on author Salman Rushdie should serve as a wake-up call to the West over Iran, the Sunday Telegraph reported. Indian-born author Rushdie, who spent years in hiding after Iran urged Muslims to kill him over his novel “The Satanic Verses”, was stabbed in the ...

The government will start open market sale (OMS) of rice at Tk 15 per kg from September 1 for 4 crore people of 50 lakh families across the country, said Food Minister Sadhan Chandra Majumder on Sunday. “This programme will run simultaneously in district towns, municipalities and city areas under the Food Friendly Program of the government,” he said while ...