The United Kingdom continues to be mired in a political and economic crisis, which has worsened with the announcement of the resignation of Prime Minister Keir Starmer, who will remain in office until his successor is elected.

The nomination period for the position will begin on July 9. This election will take place before Parliament resumes its sessions in September.

Several names are already being considered to succeed Starmer, among them Andy Burnham, “who until now was mayor of Manchester and who last week won the seat that will enable him to lead the Labour Party and the country.”

If no other candidate enters the race, Burnham could be elected Prime Minister by mid-July.

Watch live: My statement. https://t.co/MX7ga3FRGq

— Keir Starmer (@Keir_Starmer) June 22, 2026

M.Pino

Source: rtve

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In a surprising turn, former Binance CEO Changpeng Zhao has resigned from the position and agreed to post a personal recognizance bond in the hefty sum of $175 million. This decision comes after pleading guilty to criminal charges in the United States.

According to court documents, Zhao is scheduled to appear in court in Seattle on February 23 for sentencing hearings. In addition to the impressive bail, it has been revealed that the former CEO is depositing the additional sum of $15 million into a trust account under the management of Davis Wright Tremaine.

This surety agreement imposes specific requirements, requiring the participation of two guarantors willing to pledge $250,000 and $100,000, respectively. Zhao’s legal fate is now in the spotlight, with the hearing date marked as a pivotal moment in this intriguing judicial chapter.

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Source: Criptotendencia

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The Portuguese Prime Minister, António Costa, presented his resignation this Tuesday, after the Prosecutor’s Office included him in an investigation for alleged crimes of prevarication and corruption linked to the lithium and green hydrogen sector within the Government, although he has not been charged for the moment.

“I understand that dignity is not compatible with any suspicion (…) The dignity of the prime minister’s functions is not compatible with any suspicion about his integrity (…) that is why, obviously, I have submitted my resignation,” Costa announced after meeting with the president, Marcelo Rebelo de Sousa.

From the Sao Bento Palace, headquarters of the Portuguese Assembly, Costa began his intervention before the media showing his “surprise” because the Prosecutor’s Office has included him in said investigation. “I close a stage with a clear conscience,” he declared, while ensuring that he will collaborate with Justice “in everything he deems necessary.”

Costa has stressed on several occasions that the position of prime minister is incompatible with any type of suspicion about his honorability, while at the same time he has stressed that he leaves without any charge of conscience for the commission of any “illegal” or “reprehensible” act. In response to questions from the media regarding his political future, Costa has announced that he will not run in the next elections.

Early on Tuesday, the Prosecutor’s Office carried out several searches, including the headquarters of the Ministries of Environment and Infrastructure, as well as several offices in the Sao Bento Palace, in Lisbon, for suspicions of corruption in the granting of a series of contracts. public related to the exploitation of lithium deposits and a project to produce energy with hydrogen.

The Police also carried out searches at the official residence of the prime minister, to examine the office of his chief of staff, Vítor Escária, who has been arrested, as has the mayor of Sines, the socialist Nuno Mascarenhas, and the businessman Diogo Lacerda Machado, a close friend of Costa.

The searches of several hours at the Environment and Infrastructure headquarters culminated in the accusation of those responsible, Duarte Cordeiro and Joao Galamba, respectively.

Source: dpa

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In news that has shaken the world of video games, Jim Ryan, the leader of Sony Interactive Entertainment (PlayStation), announced his retirement from the company after more than 30 years of service. Renowned Bloomberg journalist, Jason Schreier, was the first to report this surprising news.

The official confirmation came through a statement issued by the company, which highlighted that Jim Ryan chose to retire as of March 2024. However, what is even more surprising is that during the coming months, Ryan will not maintain his position as director of PlayStation, but will assume a new role in the company.

The management of PlayStation, starting in October, will fall into the hands of Hiroki Totoki, current chief financial officer and chief operating officer of Sony Interactive Entertainment. It was announced that Totoki will fill this role on an interim basis, as the company plans to appoint a new CEO within the next year.

Kenichiro Yoshida, CEO of Sony, praised Jim Ryan’s outstanding career at PlayStation. Ryan joined the division in 1994 and assumed leadership in 2019, just before the launch of the successful PlayStation 5, which took place amid the Covid-19 pandemic. Yoshida recognized the extraordinary achievement of Ryan and his team in carrying out this launch under such challenging circumstances.

“Jim Ryan has been an inspiring leader throughout his time with us, but never more so than when he oversaw the launch of the PlayStation 5 amid the global Covid pandemic. This extraordinary achievement, achieved by the entire SIE team, continues to grow , and the PlayStation 5 is on track to become SIE’s most successful console to date,” Yoshida said.

To avoid unfounded speculation, Yoshida emphasized that Jim Ryan is simply exercising his right to retire after decades of service at PlayStation, and the company fully respects that. Additionally, he announced that an administrative restructuring will be carried out in response to this decision, although he did not provide additional details in this regard.

Jim Ryan explained that one of the reasons behind his decision to retire from PlayStation is the difficulty of reconciling his residence in Europe with his work in North America, especially given the travel required.

“After 30 years, I have decided to retire from SIE in March 2024. I enjoyed the opportunity to have a job I love in a very special company, working with great people and incredible partners. But I am finding it increasingly difficult to balance living in Europe and working in North America. I will leave having had the privilege of working on products that have impacted the lives of millions around the world. PlayStation will always be a part of my life and I feel more optimistic than ever about the future of SIE. I want thank Mr. Yoshida for placing so much trust in me and for being a sensitive and caring leader,” said Jim Ryan.

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In a strategic move, former Swiss bank Credit Suisse confirmed the departure of Francesca McDonagh, its chief operating officer, in an announcement last Monday. This decision is part of the gradual process that will lead to the disappearance of the Credit Suisse brand before 2025, while it is integrated with UBS.

Francesca McDonagh, who previously served as CEO of Bank of Ireland from 2017 to 2022, took over in September 2022 as Credit Suisse embarked on a reform plan that ultimately failed to stabilize the bank. UBS urgently acquired Credit Suisse in May this year to avoid bankruptcy.

Other key positions at Credit Suisse remain unchanged so far, including André Helfenstein as CEO of the bank’s Swiss division and Simone Westerfeld as head of private clients, Swiss economic agency AWP reported.

As for the investment banking business in Switzerland, it will be led by two executives: Jens Haas, from Credit Suisse, and Martin Kesselring from UBS.

UBS anticipated at the end of August that the integration of Credit Suisse into its structure would lead to the loss of 3,000 jobs in Switzerland, of which a thousand would be affected in the short term and the remaining 2,000 in the coming years.

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The Prime Minister of the United Kingdom, Liz Truss, has announced her resignation, which she has already notified King Charles III, although she will remain at the head of the Government until a replacement is chosen.

“It is the best decision to keep the UK in a stable economic condition,” Truss said in a statement to Downing Street.

Truss has had a “difficult” last day, as Downing Street sources have admitted to the mainstream media. At least 17 deputies have asked him to resign due to the political chaos of these weeks, marked by the practically total dismantling of the fiscal program announced by the Executive in September, according to the Sky News count.

Before the speech to the media, the ‘premier’ has met in Downing Street with her number two, Therese Coffey, considered her main ally within the Government, and also with the head of the ‘tory’ committee that can promote a motion of censure against her, Graham Brady.

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Source: dpa

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The Prime Minister of the United Kingdom, Boris Johnson, will present his resignation as leader of the Conservative Party on Thursday in the face of the cascade of resignations within the Government, although he will remain as Prime Minister until the fall, as reported by the British television network BBC.

According to this information, Johnson has conveyed his willingness to leave office due to the increased pressure on him in recent days, after which a race for the succession will open between the ‘Tories’ ahead of the party’s conference in October, when the chosen person would replace him as prime minister.

For his part, a Downing Street spokesman confirmed that “the Prime Minister will give a speech to the country today”, without detailing its possible content. Sources quoted by The Guardian point out that the prime minister has already transferred his decision to the president of the 1922 Committee – the parliamentary group of the Conservative Party in the House of Commons –, Graham Brady.

In the early hours of this Thursday, the British Minister for Northern Ireland, Brandon Lewis, and several Secretaries of State resigned, with which there are already more than 50 positions that have left the Executive since Tuesday. The ‘number two’ of the Conservative Party, Caroline Johnson, has also submitted her resignation.

The secretaries of state resigned this Thursday are those of the Treasury, Helen Whately; Security, Damian Hinds; Science, George Freeman; Pensions, Guy Opperman; Technology, Chris Philp; Courts, James Cartlidge; and Education, Michelle Donelan, in a new setback for Johnson.

For his part, Finance Minister Nadhim Zahawi, appointed to the post on Tuesday after Rishi Sunak resigned, has also asked Johnson to resign. “Prime Minister, you know in your heart what is right, and that is to leave now,” he explained.

“My main priority has been and always will be this great country. When I was asked to be chancellor, I did it out of loyalty. Not a man, but loyalty to everything this country has given me,” he explained in a letter published through your account on the social network Twitter.

Thus, he argued that “the challenges facing the United Kingdom, whether it is inflation or (Russian President Vladimir) Putin’s war in Ukraine, will not stop for nothing, and it is vital that the main institutions of the State continue operating through a national crisis.”

“If people have thought badly of me for that decision, they are criticisms that I am willing to accept,” he said, in relation to his appointment, before confirming that on Wednesday he went to Downing Street to ask Johnson to leave office.

“It breaks my heart that he has not listened and is undermining the incredible achievements of this government at the last minute. No one will forget that Brexit got through, that a dangerous anti-Semite was locked out of Downing Street – in apparent reference to the former Labor leader Jeremy Corbyn – or our handling of Covid-19 and our support for Ukraine when it needed it,” he said.

However, Zahawi has emphasized that “the country deserves a government that is not only stable, but also acts with integrity.” According to British media, in addition to Zahawi, the Minister of the Interior, Priti Patel, and the Secretary of State for Transport, Grant Shapps, went to Downing Street on Wednesday to ask Johnson for his resignation.

Source: dpa

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