News Wire | Friday, Oct. 14, 2022

Top U.K. Finance Official Is Fired in Face of Political Crisis

By Stephen Castle | The New York Times

Britain’s beleaguered chancellor of the Exchequer, Kwasi Kwarteng, was fired on Friday as Prime Minister Liz Truss prepared to announce a large-scale retreat over a package of unfunded tax cuts that have rattled financial markets, causing a political crisis that has threatened her political survival.

Xi Set to Open Party Congress at Challenging Time for China

By Tony Munroe | Reuters

Chinese President Xi Jinping will take the stage on Sunday to kick off a historic congress of the ruling Communist Party, where he is poised to win a third term that solidifies his place as China’s most powerful ruler since Mao Zedong.

More from WPR: Xi’s Third Term Would Be Another Step Backward for China

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