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Swedish nationalists to stay out of planned minority cabinet

  Bloomberg Sweden’s nationalists won major concessions on crime and immigration from the country’s incoming minority government even after failing to secure seats in the cabinet unveiled on Friday. Ulf Kristersson, the leader of the Moderates and incoming prime minister, said that the coalition taking over from Magdalena Andersson’s Social Democrats will include ministers from his own and two smaller ...

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Lula, Bolsonaro try to woo poor voters as Brazil race tightens

Bloomberg Brazil’s Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro campaigned across the northeast of the country on Thursday, with both candidates trying to shore up support among the poor amid signs the presidential race is tightening ahead of the October 30 runoff. Lula, 76, said at an event in the city of Aracaju, capital of Sergipe state, that ...

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Asia spent $50bn to defend its currencies from US dollar

  Bloomberg Asian governments spent about $50 billion in foreign-exchange reserves last month — the highest level since March 2020 — to defend their currencies from a relentless advance in the US dollar. Exante Data Inc., a firm that specialises in tracking global capital flows, estimates emerging Asian nations excluding China spent nearly $30 billion with dollar sales in the ...

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