British Prime Minister Liz Truss has resigned after spending a tumultuous 45 days in the office. Truss, 47, becomes the shortest serving PM in the country's history.In a statement outside 10 Downing Street on Thursday, Truss said she could not deliver the mandate on which she was elected as Conservative leader.Truss said she had notified King Charles about her resignation.The Conservative leadersh...
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.