STOCKHOLM (AP) — Sweden’s parliament on Monday elected conservative leader Ulf Kristersson as prime minister at the head of a center-right coalition that has promised to crack down on crime and curtail immigration in partnership with a populist party with far-right roots. Kristersson, 58, was elected in a 176-173 vote and will present his government…
BERLIN (AP) — Germany announced Monday that it is issuing fines of 5.125 million euros ($5 million) against the operators of the messaging app Telegram for failing to comply with German law. The Federal Office of Justice said Telegram FZ-LLC hasn’t established a lawful way for reporting illegal content or named an entity in Germany…
By Dawn Chmielewski (Reuters) – Short-video platform Triller Inc is the latest company to stake its claim in the metaverse with the launch Monday of a new platform called Metaverz. Triller said its Metaverz provides virtual spaces where users can gather to watch live music and sporting events, such as Bare Knuckle Fighting Championship or…
By Nidhi Verma MOSCOW/NEW DELHI (Reuters) – Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said. Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell…
By Noah Browning LONDON (Reuters) -Oil prices edged up on Monday in choppy trading as China’s continuation of loose monetary policy was partly offset by fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures rose 97 cents, or 1.1%, to $92.60 a barrel by 1406 GMT, recovering…
(Reuters) – Bank of America is satisfied with its headcount for now, Chief Financial Officer Alastair Borthwick told journalists in a conference call on Monday. The company added about 5,000 employees in the third quarter, Borthwick said after the company reported reported a 9% drop in third-quarter profit on Monday. (Reporting by Lananh Nguyen in…
Credit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis. The Swiss bank said that some of the transactions were prior to 2008. The New Jersey Attorney General,…
NEW YORK (AP) — Bank of America’s profits fell by 8% in the third quarter as the bank set aside cash to cover potential loan losses. It’s the latest bank to start socking away money for a potential recession, as Wall Street’s biggest banks have become increasingly gloomy on the U.S. economy going into the…
BRUSSELS (AP) — The European Union on Monday approved a military training mission in Europe for thousands of Ukrainian troops and a plan to provide around 500 million euros ($486 million) in extra funds to help buy weapons for the war-torn country. The mission, which will have a headquarters in Brussels and be under the…
The rapper formerly known as Kanye West is offering to buy right-wing friendly social network Parler shortly after getting locked out of Twitter and Instagram for antisemitic posts. The acquisition of Parler would give West, legally known as Ye, control of a social media platform and a new outlet for his opinions with no gatekeeper….
