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Uk economy post brexit vote

UK PM Johnson may face new ouster effort after election loss

June 25, 2022 by www.theedgemarkets.com

- A + A (June 25): UK Prime Minister Boris Johnson, who survived a confidence vote just two weeks ago, is facing fresh threats to his leadership after his Conservative Party lost two key parliamentary seats, according to reports. Tory rebels seeking his ouster want to scrap the party’s rule that prevents another leadership poll from taking place for a year, the Times and the Telegraph reported. They’re organising to take over an internal panel of backbenchers known as the 1922 Committee that sets party rules on confidence votes, according to the reports. Andrew Bridgen, a Tory lawmaker, told GB News on Friday (June 24) that he would stand for the election to the executive of the 1922 Committee to try and change the rules. Nominations open next week and the vote could be the following week, he said. The rules can be altered at any time by a simple majority of the typically 18-member executive, according to the Telegraph. Graham Brady, the chairman of the … [Read more...] about UK PM Johnson may face new ouster effort after election loss

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A defiant Johnson says he is staying as UK leader into 2030s

June 26, 2022 by www.theedgemarkets.com

Boris Johnson - A + A LONDON (June 26): Embattled UK leader Boris Johnson has said he plans to stick around as prime minister for a third term until the mid-2030s, an act of defiance in the face of mounting political defeats and pressure within his own Conservative Party. Earlier this month, Johnson survived a leadership challenge and there is growing speculation that another confidence vote is being hatched in the wake of a double by-election defeat. But Johnson, speaking to reporters in Rwanda before heading to a Group of Seven summit in Germany, made clear that he had no intention of stepping aside. If anything, he is clinging on. With the next election expected to be in 2024, he was asked by reporters in Rwanda if he wanted to serve a second term to 2029. According to the Press Association, this was his response: "At the moment I am thinking actively about the third term and you know, what could happen then... this is the mid-2030s." His answer came after … [Read more...] about A defiant Johnson says he is staying as UK leader into 2030s

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The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

June 24, 2022 by www.fastcompany.com

In those first few fraught hours of February 24th, after Russian forces invaded Ukraine, Anastasiia Smyk, CEO and co-founder of aviation software startup Input Soft , recalls being in a state of shock and incredulity. She was in Kyiv at the time, but her 11-strong team was scattered around the country. advertisement advertisement “The first week we were just thinking about how to survive at a human level,” says the 25-year-old entrepreneur. “So we decided to rent a house for our team in the Carpathian mountains, in the [safer] western part of Ukraine, and told them they could go there with their families to wait until we knew more about what was happening. Some of them went. Others were unable to get out.” One of those left behind was the startup’s accountant, whose home town of Kherson, in southern Ukraine, has been under Russian occupation since early March. On May 3rd, when the internet and mobile communications went down, she decided to risk her … [Read more...] about The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

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