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Swedish parliament votes for Kristersson as prime minister

  Bloomberg Sweden’s Moderate Party leader Ulf Kristersson won a vote to become the next prime minister, setting the stage for his nationalist-backed coalition to govern Nordic region’s largest economy as it heads toward a recession. The parliamentary ballot confirmed backing for Kristersson by four parties, including the Sweden Democrats. Now the country’s second-largest party, the anti-immigrant force will not ...

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Truss faces whim of markets and mutinous UK MPs in key week

Bloomberg Britain’s beleaguered prime minister Liz Truss is battling to rescue her premiership this week, when financial markets will deliver a fresh verdict on her screeching economic reset while mutinous backbenchers plot to oust her. Only 40 days in office, Truss spent Sunday huddling with new Chancellor of the Exchequer Jeremy Hunt, her pick to restore stability after a humiliating ...

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Germany faces $85bn hit as labour shortages intensify

  Bloomberg As Germany grapples with an energy crisis threatening its future as an industrial leader, an acute shortage of workers is compounding problems for manufacturers already struggling to stay competitive. The lack of qualified labour — brought on by an aging population and exacerbated by the pandemic — is starving manufacturers from Airbus SE to BMW AG to BASF ...

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