Rishi Sunak on Tuesday officially took over as Britain's 57th Prime Minister, becoming the country's third leader in seven weeks.
In his first speech to the nation from No. 10 Downing Street, Sunak said the U.K. is facing a "profound economic crisis" and that he has been chosen as the new Conservative leader to fix some of the mistakes committed by his predecessor Liz Truss.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.