Explore Business Standard
Don’t miss the latest developments in business and finance.
Two major conservative groups have signalled they are open to supporting someone other than Donald Trump in the 2024 race for the White House, the latest sign from an increasingly vocal segment of the Republican Party that it's time to move on from the former president. David McIntosh, the president of the influential Club For Growth group, said Tuesday that the group has invited a half dozen potential Republican candidates to its donor summit in Florida next month, but Trump the only declared major candidate in the race so far is not among them. Instead, the group has invited Florida Gov. Ron DeSantis, who is viewed as Trump's most formidable likely challenger, along with Nikki Haley, the former South Carolina governor and United Nations ambassador; former Vice President Mike Pence; former Secretary of State Mike Pompeo; Sen. Tim Scott of South Carolina; and Virginia Gov. Glenn Youngkin. "We think it would be great for our members to hear them, see what they have to say, where th
The Cabinet is attempting to rally behind embattled British Prime Minister Liz Truss on Thursday as her Conservative Party backbenchers are up in arms against her tax-cutting economic policies, which they see as favouring the rich amid a cost-of-living crisis and giving the Opposition Labour Party a lead in opinion polls. Foreign Secretary James Cleverly warned that it would be a disastrously bad idea to think about replacing Truss as the Tory leader, just over a month after she was elected by the party membership in a leadership battle with former Chancellor Rishi Sunak on September 6. Since then the government's mini-budget tabled at the end of last month has unleashed turmoil in the financial markets due to fears of unfunded tax cuts introduced by Chancellor Kwasi Kwarteng, despite a forced U-turn on abolishing the top rate for the wealthiest in the country. We have got to recognise that we do need to bring certainty to the markets, Cleverly told the BBC with reference to the ...