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Sweden’s Lofven wins parliament backing to form his new coalition government

Bloomberg Sweden’s interim Prime Minister Stefan Lofven won a narrow vote in parliament to form a new coalition government as he seeks to keep the far-right from gaining influence in the largest Nordic nation. Lofven, 63, resigned as prime minister just three weeks ago, following a no-confidence vote triggered by a plan to deregulate rental housing. The vote on Wednesday ...

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Malaysia PM names Ismail Sabri Yaakob new deputy

Bloomberg Malaysia’s Prime Minister Muhyiddin Yassin has promoted two senior ministers into his cabinet as he seeks to win over a major coalition partner before the country’s suspended parliament reconvenes later this month. Muhyiddin appointed Defense Minister Ismail Sabri Yaakob as his deputy, according to a statement from the Prime Minister’s Office, while Foreign Minister Hishamuddin Hussein has been promoted ...

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UK faces three catastrophic risks to public finances, says watchdog

Bloomberg The UK faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint. Unfunded pressures on government departments total some 30 billion pounds ($42 billion) over the next three years as a result of the pandemic, the Office for Budget Responsibility (OBR) ...

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