England

New UK Treasury chief insists Truss retains control

LONDON (AP) — The new U.K. Treasury chief on Sunday insisted Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership.

Jeremy Hunt was drafted in to lead the Treasury after Truss sacked Kwasi Kwarteng amid rising pressure following the turbulent market reaction to the new administration’s “mini-budget.”

“The prime minister’s in charge,” Hunt, a former foreign and health secretary, told the BBC when he was asked whether he now held all the power at Downing Street.

UK leader Liz Truss goes from triumph to trouble in 6 weeks

LONDON (AP) — When Liz Truss was running to lead Britain this summer, an ally predicted her first weeks in office would be turbulent.

But few were prepared for the scale of the sound and fury -– least of all Truss herself. In just six weeks, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief.

Now Truss faces a mutiny inside the governing Conservative Party that leaves her leadership hanging by a thread.

New UK Treasury chief: Mistakes were made, tax rises coming

LONDON (AP) — Britain’s new Treasury chief on Saturday acknowledged mistakes made by his predecessor and suggested that he may reverse much of Conservative Prime Minister Liz Truss’ tax-cutting plans in order to bring stability to the country after weeks of economic and political turbulence.

Jeremy Hunt, who was brought in Friday to replace Kwasi Kwarteng as Treasury chief and restore order in Truss’ administration, warned of “difficult decisions” to come. He said taxes could rise and public spending budgets would likely be squeezed further in the coming months.

UK: Climate change activists deface Van Gogh’s Sunflowers masterpiece with tomato soup — TV

LONDON, October 14. /TASS/: Activists from the 'Just stop oil' environmental movement threw tomato soup over Sunflowers, a masterpiece by Dutch painter Vincent Van Gogh (1853-1890), at London’s National Gallery on Friday, and glued their hands to the wall below the painting afterwards, Sky News reported.

The famous painting has an estimated value of about 73 million pounds ($82 million).

"What is worth more? Art or life?" one of the girls shouted in response to indignant exclamations from onlookers, the TV channel reports.

UK: Enter Boeing, as Airbus and Qatar resume court battle

LONDON, Oct 14 (Reuters) - Airbus (AIR.PA) and Qatar Airways fought in court in front of Boeing on Friday as a dispute over damage to A350 jets descended into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling out topped $1.5 billion.

Boeing was dragged into the case for the first time as lawyers quarrelled over access to a preliminary contract for its 737 MAX jets - illustrating the domino effect on a $150 billion global jetliner industry from the rare London legal battle.

Jeremy Hunt replaces Kwarteng as UK chancellor

LONDON, Oct. 14 (Xinhua) -- Jeremy Hunt, former foreign secretary of the United Kingdom (UK), has been appointed as chancellor of the exchequer, Downing Street said in a statement on Friday.

Hunt, 55, replaces Kwasi Kwarteng, who resigned earlier in the day after his mini-budget was blamed for causing economic turmoil.

"You have asked me to stand aside as your Chancellor. I have accepted," Kwarteng said in his resignation to Prime Minister Liz Truss posted on Twitter.

UK’s Truss drops tax cuts, axes Treasury chief amid turmoil

LONDON (AP) — Embattled British Prime Minister Liz Truss sacked her Treasury chief and reversed course on a major part of her tax-cutting economic plan Friday as she struggled to hang on to her job after weeks of turmoil on financial markets. But the market response was muted and the political reaction to what many saw as panicked moves left Truss’ credibility in tatters after only six weeks in office.

Russian official warns of World War Three if Ukraine joins NATO

LONDON, Oct 13 (Reuters) - If Ukraine is admitted into the U.S.-led NATO military alliance, then the conflict in Ukraine would be guaranteed to escalate into World War Three, a Russian Security Council official was quoted as saying on Thursday.

Just hours after Russian President Vladimir Putin formally proclaimed the annexation of up to 18% of Ukraine on Sept. 30, President Volodymyr Zelenskiy announced a surprise bid for fast-track membership of NATO.

Full NATO membership for Ukraine is far off because all the alliance's 30 members would have to give their consent.

Russia: Kremlin says its goals in Ukraine can be achieved through talks

LONDON, Oct 13 (Reuters) - Kremlin spokesman Dmitry Peskov was quoted as saying on Thursday that the goals of Moscow's "special military operation" in Ukraine were unchanged, but that they could be achieved through negotiations.

The comments to the Russian newspaper Izvestia were the latest in a series of statements this week stressing Moscow's openness to talks - a change of tone that follows a run of humiliating defeats for Russian forces as the war in Ukraine nears the end of its eighth month.

Russia: Kremlin scolds West for 'provocative' nuclear rhetoric

LONDON, Oct 12 (Reuters) - The Kremlin on Wednesday scolded Western leaders for engaging in "provocative" nuclear rhetoric after a series of warnings from Russia, the United States and NATO on the dangers of escalating the Ukraine conflict into a nuclear war.

President Vladimir Putin on Sept. 21 warned the West he was not bluffing when he said he would be ready to use nuclear weapons to defend Russia against what he said was "nuclear blackmail" from major Western powers.

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