The British manufacturing industry is facing its worst winter since the 1970s as spiking energy costs could result in blackouts and shutdowns, Bloomberg reported on Friday. The report indicated that the latest purchasing managers’ index, which was published on Thursday, confirmed the steepest contraction in production since the depths of the coronavirus lockdown in May…

The results of the British Conservative Party leadership contest will be announced around 11:30am GMT The winner of the race to replace Boris Johnson as the next leader of the ruling Conservative Party – and UK’s new prime minister – will be named on Monday. The two contenders are Foreign Secretary Liz Truss or former…

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