What We're Watching
Sunak fires the starting gun
British Prime Minister Rishi Sunak delivers a speech calling for a general election outside No. 10 Downing Street, in London, Britain, on May 22, 2024.
REUTERS/Maja Smiejkowska
British Prime Minister Rishi Sunak delivers a speech calling for a general election outside No. 10 Downing Street, in London, Britain, on May 22, 2024.
For embattled leaders with the power to call elections, it’s all about the timing. In Sunak’s case, though his Conservative Party has trailed badly for months, some factors suggest things might only get worse in the fall. More migrant arrivals by boat over the summer will add to his political headaches, particularly if the government’s plan to fly some to Rwanda runs into more legal challenges and delays.
He does have some positive economic news to work with.Newly released data from the Office for National Statistics on Wednesday indicated that UK inflation fell to just 2.3% in April, allowing Sunak to say he kept his promise to cut inflation in half during his tenure.
Will Sunak’s earlier-than-expected election date help Tories stage a stunning comeback? Not likely, says Eurasia Group’s Mujtaba Rahman. Instead, he forecasts, “Labour will capitalize on the public’s desire for change after 14 years of Tory rule and will win a comfortable majority.”
GZERO Media is back on the podium at the 47th Annual Telly Awards, adding six more trophies to our shelf — including three in Gold! We’re so grateful to be recognized for our groundbreaking work in global analysis and… *checks notes*... geopolitical puppetry.
Two weeks of protests have paralyzed Bolivia's capital, La Paz, costing businesses $50 million a day amid the country's worst economic crisis in 40 years. Unions are calling for the resignation of President Rodrigo Paz, just six months into his tenure.
Japanese PM Sanae Takaichi and South Korean President Lee Jae Myung meet this week for a two-day summit focused on security, energy, and critical minerals. The two leaders appear to differ on China’s engagement in the future of the region.