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British Prime Minister Liz Truss resigned Thursday after just 44 days in office.

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LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget” chaos, economic turmoil and weeks of political infighting.

Speaking outside Downing Street, Truss said she had delivered her resignation to King Charles after meeting with Graham Brady, the leader of the Conservative Party’s 1922 Committee, earlier Thursday.

“Given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party,” she said in a brief speech Thursday afternoon.

The prime minister’s departure follows days of high level resignations, and a growing number of Conservative members of parliament (MPs) publicly calling for Truss’ resignation.

Truss said she will remain in place as caretaker prime minister until a successor is named, with a leadership contest expected to take place over the next week.

Here are the main contenders for the top job:

Rishi Sunak

Rishi Sunak, Britain’s former finance minister and Truss’ main opponent in this year’s Conservative Party leadership race, is now seen as a favorite to replace her.

Despite losing to Truss in the final round of voting by Tory members, he was the top choice among party MPs and is considered a safe pair of fiscal hands. Indeed, after being berated by Truss during the race as a voice of Treasury orthodoxy, his critique of the PM’s “unfunded tax cuts” appears to have been vindicated.

Britain’s former finance minister Rishi Sunak was Liz Truss’s main opponent in this year’s Conservative leadership race.

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The 42-year-old, who is credited with steering the U.K. economy through the height of the Covid-19 pandemic, is seen by supporters as well-placed to lead the country through its worsening cost-of-living crisis. However, some have questioned his ability to reunite the splintered Conservative Party, having played a key role in Boris Johnson’s ousting, and being implicated in controversy over his wife’s tax status.

As such, some Conservative backbenchers have proposed that a more politically palatable option would be for Sunak to form a joint ticket with fellow leadership contender Penny Mordaunt, with the pair thought to garner enough support together to secure MP backing without the need for a lengthy members’ vote.

Penny Mordaunt

Former Defense Secretary Penny Mordaunt surged to prominence during the summer’s leadership race, before finishing in third place to Truss and Sunak.

Broadly seen as a consensus candidate, Mordaunt was second to Sunak in MP voting until the final round of the race, and has since maintained links with Tory MPs in her current role as leader of the House of Commons.

Leader of the House of Commons Penny Mordaunt is seen as a consensus candidate who could unite a splintered Conservative Party.

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The 49-year-old also escaped largely unscathed from the controversy surrounding Johnson’s departure, and has since demonstrated her leadership prowess in the chaotic early weeks of Truss’ premiership.

On Monday, she spoke to the House of Commons on behalf of Truss regarding the sacking of former Finance Minister Kwasi Kwarteng. But she has also distanced herself from Truss economically, criticizing the PM’s stance on key policies such as welfare benefits.

Boris Johnson

Former prime minister Boris Johnson has been called on by some Tory MPs to return to office, just three months after being ousted.

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Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership amid political scandal around Covid-19 rule-breaking and his links to disgraced MP Chris Pincher.

The 58-year-old has not spoken recently on plans for a second leadership bid, but in his parting speech he alluded to a future return to office with the words: “Hasta la vista, baby” or “see you later.”

Ben Wallace

Jeremy Hunt

Britain’s new Finance Minister Jeremy Hunt, brought in to replace Kwasi Kwarteng, is considered the most powerful figure in government after he came in to overhaul Truss’ economic plan and calm chaotic markets.

The 55-year-old is seen as a stable option, having previously held several senior government positions, including foreign secretary, health secretary and culture secretary. However, he has previously fallen short in a series of leadership bids, and on Thursday reportedly extracted himself from future runs.

On Monday, Hunt hinted that he would not run, telling Sky News: “I rule it out, Mrs Hunt rules it out, three Hunt children rule it out.”

Could there be a General Election?

The Conservative Party will be keen to avoid a calling a General Election ahead of the 2025 deadline, with the latest opinion polls suggesting that the Tories would suffer a landslide defeat.

However, if Conservative MPs can’t reach a consensus vote on a future leader, it is possible that the U.K. would go to the polls.

Opposition Labour leader Keir Starmer on Thursday renewed calls for an immediate General Election, saying the government was too mired in “political squabbles” to lead the country.

Scotland’s First Minister Nicola Sturgeon echoed those calls, calling an election a “democratic imperative.”

According to an Opinium poll released over the weekend, if a general Election were called now, Labour would secure 411 seats to the Conservative’s 137, marking a sizeable defeat not seen since 1997.

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Tesla investigates Model S that caught fire while Supercharging

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Tesla investigates Model S that caught fire while Supercharging

A Tesla Model S has caught fire while charging at a Supercharger station in France. Tesla is investigating the issue, and the station is temporarily closed.

Sunday night, a fire was reported at the Tesla Supercharger station in Pontarlier, a small community in France near the border with Switzerland.

The firefighters were called, and they were able to extinguish the fire, which appeared to have originated from a Model S that was plugged into the Supercharger.

The car was supervised until this morning to ensure it didn’t reignite.

The local newspaper L’Est Republicain shared a picture of the aftermath, which shows the Tesla Model S is a total loss:

According to the local paper, Tesla sent a technician from Lyon to investigate the issue (translated from French):

A Tesla technician came from Lyon during the night to investigate the causes of the fire. The investigation is still ongoing.

Electric vehicle batteries can sometimes catch on fire, but statistically, they don’t catch on fire at a higher rate than fossil fuel-powered vehicles.

Like with fossil fuel-powered vehicle fires, most EV fires occur after a significant crash. However, it can happen that a vehicle catches on fire by itself. In those cases, it’s important to investigate and make sure to track down the cause of the fire in order to make EVs safer.

For example, this is what happened with the Chevy Bolt EV battery recall.

Last week, we also reported on a Cybertruck that caught fire while parked at a Tesla lot in Atlanta.

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Ferrari’s first EV spotted out in the wild teasing a bold new design [Video]

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Ferrari's first EV spotted out in the wild teasing a bold new design [Video]

The first all-electric Ferrari is expected to make its first official appearance later this year. Ahead of its debut, Ferrari’s first EV was spotted testing with an updated design. Take a look at it below.

Ferrari’s first EV caught testing ahead of its official debut

Despite an expected debut later this year, Ferrari has been, for the most part, tight-lipped about its first electric car.

CEO Benedetto Vigna promises it will be “a lot of fun” to drive, as expected from a Ferrari.” Vigna explained, “People buy a Ferrari because when they buy a Ferrari, they have a lot of fun.” The first fully electric model will be no different.

Although it has taken longer than many wanted, Ferrari’s CEO promises its first EV will be built “the right way.” It will still include all the Ferrari-like sound and signature design elements but in an all-electric form.

We caught a glimpse of the upcoming EV a few times already last year as it hit the road for testing. However, the most recent sighting, courtesy of Varryx, gives us an even closer look. The new video reveals an updated prototype and new design features you can expect to see.

Ferrari EV prototype testing (Source: Varryx)

Despite still being covered in camouflage, you can see the prototype is wearing new headlights and body panels. It also has several wires and brackets exposed up front.

Like previous sightings, Ferrari’s first EV prototype still has fake tailpipes. As the car passes, you can hear an exhaust-like sound, hinting that a fake one like Dodge’s electric charger could be in the works.

Ferrari's-first-EV
Inside Ferrari’s new e-building (Source: Ferrari)

Last summer, Ferrari opened its new e-building, where the first electric car will be built. The facility will also build e-motors, batteries, and inverters. As you can see, the first electric Ferrari will be a crossover SUV similar to the Purosangue.

The electric crossover SUV is expected to make its first official appearance later this year as a 2026 model. By 2026, Ferrari aims for EVs and plug-in hybrids (PHEVs) to account for 60% of sales.

What do you think of Ferrari’s electric crossover? Let us know in the comments. Check back soon for more leading up to its debut later this year.

Source: Varryx

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Biden permanently bans oil drilling in nearly all federal waters

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Biden permanently bans oil drilling in nearly all federal waters

The White House announced today that President Joe Biden is banning new offshore oil and gas drilling along 625 million acres of US coastline, taking the total area of ocean he’s protected to 670 million acres.

Biden, who wraps up his term in just two weeks, has used his authority under Section 12(a) of the Outer Continental Shelf Lands Act, which allows him to withdraw any unleased areas of the Outer Continental Shelf from future offshore drilling. Biden is protecting stretches of the East and West coasts, the eastern Gulf of Mexico, and parts of Alaska’s Northern Bering Sea.

“In balancing the many uses and benefits of America’s ocean, it is clear to me that the relatively minimal fossil fuel potential in the areas I am withdrawing do not justify the environmental, public health, and economic risks that would come from new leasing and drilling,” Biden said in a statement on Monday.

Biden continued, “The Deepwater Horizon oil spill [pictured above], a man-made catastrophe that took the lives of 11 people and spilled millions of barrels of oil into the waters of the Gulf of Mexico, is a solemn reminder of the costs and risks of offshore drilling to the health and resilience of our coasts and fisheries and underscores the importance of the legal protections I am putting in place today.”

Previous presidents from both parties have used this authority to withdraw large areas from oil and gas leasing. In 2020, the Trump administration protected North Carolina through Florida for 10 years in response to wide opposition to drilling from Republicans and voters, but the protections were set to expire in 2032. Biden’s announcement now permanently protects these areas. Trump, however, says he wants to overturn Biden’s oil drilling ban “on day one.”

Joseph Gordon, campaign director for the ocean conservation group Oceana, said in a statement, “President Biden’s new protections add to this bipartisan history, including President Trump’s previous withdrawals in the southeastern United States in 2020. Our treasured coastal communities are now safeguarded for future generations.”

The oil industry currently holds more than 2,000 leases, according to a 2023 Oceana report, with 75% of that ocean acreage currently unused. 

Read more: Renewables powered 24% of US electricity in first 3 quarters of 2024


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