Over in the UK, Rishi Sunak has officially been confirmed to be the new Prime Minister after Liz Truss abruptly resigned.
This is a positive development for Rishi Sunak, as he's only been in parliament for 7 years.
UK correspondent Enda Brady explained that Rishi Sunak was going into the postition with a wealth background, as he and his wife have a personal net worth in the billions.
Enda Brady highlighted that the UK is going through a historic period of wealth inequality and Rishi Sunak may be in a losing situation when it comes to the economy.
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