New PM inherits UK economy in crisis

13 Sept 14:17 Key points summarised by AI

Rishi Sunak assumes the role of UK Prime Minister, inheriting an economy already facing recession, exacerbated by Liz Truss's brief and tumultuous leadership.
Outgoing PM Liz Truss's budget of unfunded tax cuts caused severe market instability, crashing the pound and intensifying the cost-of-living crisis for Britons.
October economic data reveals a significant worsening of the UK's downturn, with private-sector output at a 21-month low, indicating an impending recession not seen since 2009.
While Sunak's appointment has brought some market stability, leading to a rise in sterling and falling government borrowing costs, he faces ongoing challenges including 40-year high inflation and anticipated interest rate hikes.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.