• British lawmaker Rishi Sunak will succeed Liz Truss as the nation’s prime minister after his last rival dropped out of the Conservative Party contest early Monday morning.
• Sunak, who formerly served as finance minister under Boris Johnson, will be the country’s first nonwhite prime minister, as his parents are of Punjabi Indian descent.
• “The United Kingdom is a great country, but we face a profound economic crisis,” Sunak said in a statement yesterday.

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