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UK Finance Minister Sunak resigns in major blow to PM Johnson
UK Finance Minister Rishi Sunak resigned on Tuesday, along with Health Secretary Sajid Javid, as Prime Minister Boris Johnson found himself engulfed in yet another scandal over the behaviour of Conservative MPs.
Sainsbury's Q1 sales fall 4% as CEO warns pressure on households will rise
UK supermarket chain Sainsbury’s said first-quarter underlying sales fell 4% as consumers started to cut back on discretionary spending amid the cost of living crisis.
Europe open: Shares edge ahead on talk Us-China tensions easing
European shares were higher at the open after a positive session in Asia overnight and suggestions that the US could ease tariffs on China.
RBA lifts interest rates for third month in a row
Australia’s Reserve Bank increased its key cash interest rate for the third time in as many months and warned of more action as it looked to stymie rising inflation.
Asia report: Shares edge higher on US-China trade hopes; RBA lifts rates
Asian shares were broadly higher after the US Independence Day holiday as Australia’s central bank raised interest rates for the third consecutive month and investors took heart from a possible easing of China-US trade tensions.