Bloomberg Sweden’s Prime Minister Stefan Lofven shocked the political establishment on Sunday by announcing he will end his seven-year term in November, as well as stepping down as the leader of the Social Democrats. “In next year’s election campaign, the party will be led by someone other than me,” Lofven, 64, said in a speech outside Stockholm. The former union ...

Bloomberg A tax break on property purchases played a smaller part than commonly thought in the UK’s pandemic housing boom, according to a report that accuses Chancellor of the Exchequer Rishi Sunak of wasting billions of pounds of public money. The analysis by the Resolution Foundation claims that the build-up of savings during lockdowns, changes in housing preferences and cheaper ...

Bloomberg German exporters are facing increasing pressure in their home market from Chinese exports to the EU, according to a study by the Cologne Institute for Economic Research. Chinese exports to the region contain more and more sophisticated industrial goods — such as machinery, pharmaceutical and automotive products — which have long been considered the domain of German manufacturers. According ...