Bloomberg Russian prosecutors asked for an 18 year sentence for former US Marine Paul Whelan, who is on trial in Moscow accused of spying, Interfax news agency reported, citing his lawyer Vladimir Zherebenkov. Whelan denies the allegations and claims he was set up by a Federal Security Service major who owed him 100,000 rubles ($1,400). He has been detained in ...

Bloomberg Former German Finance Minister Wolfgang Schaeuble backed the European Union’s (EU) proposed 500 billion-euro ($545 billion) economic-recovery plan, adding a key voice to a standoff with EU countries focusing on fiscal austerity. The comments by Schaeuble, who remains influential within Chancellor Angela Merkel’s Christian Democratic Union (CDU) party, suggest he’s gearing up to play a role when the package ...

Bloomberg Sweden’s unemployment rate rose more than expected in April as the effects of the Covid-19 crisis continued to wreak havoc across the Nordic region’s biggest economy. The seasonally-adjusted jobless measure increased to 7.9% from 6.7% a month earlier, Statistics Sweden reported. Economists were expecting a rate of 7.8%, according to the median of seven estimates from a Bloomberg survey. ...