The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
- WorldThousands of mobilised Russians sent home, unfit for military duty
The stinging setback for came after Vladimir Putin proclaimed the annexation of four regions covering nearly a fifth of Ukraine, an area that includes the key town of Lyman. Kyiv and the West have condemned the proclamation as an illegitimate farce.
- WorldTruss's 'yes' boosts Macron's new European forum initiative
UK Prime Minister Liz Truss's decision to join the inaugural summit of a pan-European grouping this week has given a boost to the initiative, a brainchild of French President Emmanuel Macron that some have written off already as just another talking shop.
- BusinessTesla's logistical challenges overshadow record deliveries
The latest deliveries fell far short of Tesla's production, which is rare for an automaker that has seen its deliveries higher or similar to production in many of its recent quarters.