Rishi Sunak to become UK’s PM after meeting the king | First Thing

Ex-chancellor is third Tory prime minister in less than two months and fifth in six years. Plus, the history of radical art protest by women

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Rishi Sunak formally became prime minister on Tuesday despite losing the Conservative leadership contest to Liz Truss only six weeks ago.

What else should we know about Sunak's background? He was educated at the prestigious boarding school Winchester college, followed by Oxford University and then had a career in finance. His business background is more California tech bro than City pinstripe, though after he took an MBA at Stanford. He is the richest MP with a fortune worth an estimated 730m.

Will Rishi Sunak find the fractured Tory party is ungovernable? Nadine Dorries, the former culture secretary and one of Johnson's most diehard allies, said Sunak had no mandate" to govern and predicted it would be impossible" to avoid calling a snap general election.

Washington has long accused Beijing of meddling in US politics and attempting to steal intellectual property. But the move to unmask the espionage operation marked an escalation by the justice department.