Liz Truss resigns as U.K. Prime Minister

Liz Truss resigns as U.K. Prime Minister

Spoke to King Charles III on intent to resign, says Tory leader; a ‘leadership election’ will be completed next week, she says; reports say that former PM Boris Johnson is planning a comeback Spoke to King Charles III on intent to resign, says Tory leader; a ‘leadership election’ will be completed next week, she says; … Read more

Pound falls to 37-year low as poor retail sales lift economic woes

Pound falls to 37-year low as poor retail sales lift economic woes

LONDON- The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound fell more than 1% against the dollar to 1.1351, its lowest since 1985, its fall accelerating … Read more