ECB president Christine Lagarde gets fake text messages from former German chancellor Angela Merkel July 12, 2022 The European Central Bank revealed this afternoon that its president Christine Lagarde was targeted in an attempted cyberattack but no information was compromised. The attempt took place “recently”, the Frankfurt-based central bank for the 19 countries that use the euro said in an emailed response to a query about a report by Business Insider. The [...]
Russia suffers heavy blow as Ukraine uses US-supplied high mobility rockets to destroy key weapon depot July 12, 2022 The Ukrainian military’s southern command said this morning that a rocket strike targeted a depot in Russian-held Nova Kakhovka, about 35 miles east of the important Black Sea port city of Kherson, which is also occupied by Russian forces. The Russian ammunition depot was apparently targeted by Ukrainian forces overnight, resulting in a massive blast [...]
Rishi, Penny, Kemi or Jeremy: Meet the Tory leadership runners and riders fighting to replace Boris Johnson July 12, 2022 The Tory leadership race gained momentum over the weekend, with opening gambits coming thick and fast from candidates across almost every wing of the party. Rishi Sunak, who wasted no time on Friday in publicly stating an intention to stand, remains an early favourite. But a host of hopefuls, including Nadhim Zahawi, Grant Shapps and [...]
Labour to table vote of no confidence as Tory leadership election deadline nears end July 12, 2022 Labour is going to table a vote of no confidence in the government today, as the Conservative leadership election heats up. Keir Starmer will put forward a motion in Parliament to try and force prime minister Boris Johnson out of office before the contest ends. The prime minister, who resigned last week following a series [...]
Twitter shares take a tumble as Elon Musk’s takeover u-turn sets in July 11, 2022 Shares continue to tumble for Twitter as the Silicon Valley titan feels the hangover of Elon Musk’s takeover u-turn this weekend. The stock dropped over seven per cent in early morning trading on the Nasdaq after the eccentric billionaire called off his $44bn (£37bn) purchase of the social media platform. He accused the company of [...]
Tory leadership: Tax row kicks off battle in earnest as Javid and Hunt hit back at Sunak July 10, 2022 THE BATTLE to become Prime Minister began in earnest this weekend with a row over whether Britain should cut taxes. There are now nine declared candidates to become Boris Johnson’s successors – with a tenth, foreign secretary Liz Truss, expected to join them later today or tomorrow. Yesterday saw a host of pledges to cut [...]
Tory latest: Javid and Hunt promise tax cuts as Shapps defends decision not to resign from Boris cabinet July 10, 2022 Press Association Sajid Javid has said his tax-cutting plans would cost around £39 billion per year, but this did not include slashing fuel duty further in the short-term. The Tory leadership candidate said he does not “believe in unfunded tax cuts”, adding: “I will be setting out in the next few days a scorecard which [...]
Next era is knocking: Possible runners and riders to replace Boris Johnson as Tory leader and PM July 10, 2022 Boris Johnson announced on Thursday he has agreed to step down as Prime Minister in September, following the resignation of Sajid Javid and Rishi Sunak on Tuesday and a wave of government resignations this week. Looking ahead, City A.M. zooms in on potential frontrunners to replace Johnson as Prime Minister. Rishi Sunak The former Chancellor’s [...]
Downfall of a Prime Minister: How handling of Chris Pincher scandal spiralled into Boris Johnson’s worst crisis July 10, 2022 An isolated Boris Johnson has agreed to leave Downing Street this September – following haemorrhaging support across the Tory ranks in the wake of the Chris Pincher scandal. The Prime Minister announced his resignation yesterday. After a dramatic wave of Government resignations this week and a slew of former allies withdrew their backing his political [...]
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]