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UK PM's win on Rwanda bill, US inflation rise, downfall of Signa property developer
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Quick takeaways
- UK Prime Minister Rishi Sunak secured a win in the Rwanda asylum vote, despite Tory divisions, which reveals potential future challenges for the legislation.
- The downfall of Signa, a major European property developer, exposes the risks and financial instability in the commercial real estate sector, echoing the subprime real estate crisis.
Deep dives
UK House of Commons votes in favor of controversial bill to send asylum seekers to Rwanda
The UK House of Commons voted in favor of a bill that would send asylum seekers to Rwanda. UK Prime Minister, Rishi Sunak, had to convince members of his conservative party to support the legislation, resulting in no Tory MP voting against it at the second reading. However, the Labor Party stated that it would eliminate the scheme if it wins the next general election.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode