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Bloomberg The woman most likely to become Sweden’s next prime minister began her tenure as leader of the ruling party by taking a dig at Wall Street bankers. In her first speech to the Social Democratic Party after her election, Magdalena Andersson recalled encounters with “grinning bankers” who said her country’s welfare model was doomed after Sweden’s financial crisis in ...

Bloomberg US House Speaker Nancy Pelosi’s struggle to deliver on President Joe Biden’s two biggest policy priorities has illustrated the distrust and divisions within her party at a time Democrats desperately want to show they can govern. Democrats eked out a victory on a $550 billion public works bill after months of wrangling between moderates and progressives. As soon as ...

Bloomberg Chile’s conservative candidate Jose Antonio Kast would beat both of main leftist contenders in a presidential runoff, according to one of the final polls released ahead of the highly-contested election. Kast got 44% of support while leftist rival Gabriel Boric got 40% in a second-round vote, according to a survey by Cadem. Kast would also edge out Yasna Provoste ...

Bloomberg President Joe Biden said the US economy is recovering from the pandemic faster and stronger than expected, after a report showing the labour market got back on track last month with broad-based payroll gains. “America is getting back to work; our economy is starting to work for more Americans,” Biden said at the White House. “Our economy is on ...

Bloomberg CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion. CMA CGM reached the agreement with EQT Infrastructure, according to a statement. The shipper, which already owned a 10% stake in the ...

Bloomberg A shortage of homes for sale and a buoyant labour market are expected to underpin the UK housing market as consumers come under pressure from soaring inflation and higher interest rates, according to Halifax. The average cost of a home rises 0.9% in October to a record $365,000, the mortgage lender said. That left values 8.1% higher than a ...

Bloomberg Canada’s labour market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said in Ottawa, missing expectations for a gain of 41,600 in a Bloomberg survey of economists. The unemployment rate falls to 6.7% from 6.9% in September, and ...

Bloomberg Greece wants to make all of its inhabited islands ecologically friendly as the country pushes to meet a target of cutting harmful emissions at least 55% by 2030. A nationwide campaign dubbed “GR-eco Islands” will kick off in Chalki, a small island near Rhodes in the eastern Aegean. Chalki will get its electric power entirely from a new 1 ...

Bloomberg AP Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected. The world’s largest shipping line said global ocean-based freight shipping will grow between 7% and 9% this year, a percentage point higher than a previous prediction, according to a statement. “Our clients are ...

Bloomberg A lot of the content on Facebook’s social-media services may be seen as being toxic, but that hasn’t stopped investors from pouring money back into beaten-down stock. Shares of the social media giant, now known as Meta Platforms Inc, posted their first weekly gain since early September, before a trove of internal data from a whistle-blower unleashed another round ...